News

Following President Trump’s derisive tweet about Bitcoin, U.S. Secretary of the Treasury Steven Mnuchin held a briefing on regulating Bitcoin and Facebook’s Libra because of their use in criminal activity and the threat they pose to the financial system. An hour ago the U.S. Department of Treasury held a briefing to express its stance on cryptocurrency. […]

40-years trading veteran Peter Brandt stated that if Bitcoin continues retracing it could violate the “parabolic phase” that started in December 2018 and fall up to 80 percent from current levels, taking Ethereum, XRP, and Litecoin down with it. If current parabolic phase is violated, we could expect either an 80% correction of 7-month advance […]

From a local peak on July 12, Bitcoin tanked from a high of $11,950 to a low of $9,857. Meanwhile, most altcoins experienced even larger double-digit losses. Some of the biggest losers include Ethereum, Bitcoin Cash, Litecoin, and Bitcoin SV—dropping 16.8 to 21.6 percent while XRP held strong relative to BTC. Following President Donald Trump’s negative […]

The Bitcoin network hashrate reached its all-time high this month, reaching 74.5 EH/s on Jul. 5. The hashrate has also recorded its fastest growth in history, Binance Research revealed, increasing by 13.11 EH/s in the past month. Current Bitcoin network hashrate as of July 12, 2018, is 65.78 EH/s. June and July have been incredible […]

The first videos of the highly anticipated debate between Dr. Nouriel Roubini and Arthur Hayes have been released, showing the affectionately called Dr. Doom losing his cool when the topic of Bitcoin’s scalability was discussed. The two went head to head at the Tangle in Taipei, a debate held at the Asia Blockchain Summit. The […]

U.S. President Donald Trump expressed his views on cryptocurrencies, saying that not only was he “not a fan” of Bitcoin, he also believes Facebook’s Libra will have little standing or dependability when launched. He said that Facebook should be subjected to banking regulations both in the U.S. and globally. Trump expands his opinion on cryptocurrencies […]

The world’s leading cryptocurrency exchange Binance pledged to burn its entire team allocation of BNB, a token representing pseudo-equity in the exchange, which provides ‘dividends’ through burn appreciation and additional value in the Binance ecosystem. The move is unprecedented, with the exchange burning $2.5 billion in tokens at current prices. Binance will burn 80 million […]

Blockchain startup Algorand cited incorrect Bitcoin stats while marketing its own network. The startup claimed that its network handled over 50,000 transactions in less than a month, which it said was equivalent to what Bitcoin does every six months when the network actually does 1.8 million transactions in that time. Algorand says it had a successful […]

If ‘altcoin season’ happened today what would the cryptocurrency prices look like? What about if Bitcoin continues to reign supreme and BTC dominance keeps rising? We model different BTC dominance scenarios and show the price implications on Ethereum, XRP, Bitcoin Cash, and Litecoin—providing a best-guess estimate of what the markets could look like. Reviewing the […]

U.S. president Donald Trump finally expressed his views on Bitcoin and cryptocurrency, and the POTUS is not a fan. Since his election to office in 2016, many pundits have speculated on his position on the predominant cryptocurrency. He finally aired his opinions: I am not a fan of Bitcoin and other Cryptocurrencies, which are not […]