Crypto currency and Blockchain News
The last 24 hours have seen the crypto market recover $4 billion worth of value as the price of Bitcoin rebounded above $3,700. Major Altcoins such as Tron and Ethereum have also recorded good gains on the day after rising by more than three percent against Bitcoin. Even as the price of Bitcoin keeps declining […]
After a tumultuous 2018, Micah Winkelspecht, CEO of crypto portfolio app company, GEM, predicts the resumption of Bitcoin dominance in 2019. In a prediction piece on crypto publication, Coindesk, he stated; “I predict that this year will see a return back to first principles as we rethink many of our assumptions about how this is […]
Lithuanian based crypto payments giant, Coingate will reportedly make it litecoin lightening payments possible for a 1000 merchants through its network. The Lithuanian crypto giant was the first payment processor to enable lightening Bitcoin payments in June of this year which was very well received. The Lithuanian company was founded 4 years ago and has […]
Thomas Lee, the co-founder of fundstat global advisors, said there was fair value in betting on the price of Bitcoin to rise much higher than it currently is. Thomas, who has many years of experience in market analysis said that Bitcoin’s fair value was between $13,800 and $14800, considering the number of active wallet addresses, […]
The crypto markets have been scouring the floors of the market all though 2018 which is a sharp contrast to how the markets were faring back in 2017. Despite the market downturn, Billionaire investors such as Tim Draper, Jim Breyer, and Mike Novogratz of Galaxy digital still believe that the markets will recover and do […]
The CEO of identity management startup, Civic, Vinny Lingham, said that he expected the Bitcoin prices to be stuck in a range for the next 3 to 6 months. In an interview with CNBC’s “Fast Money”, Lingham suggested that the price of Bitcoin (BTC), would range between $3000 to $5000 in the short term, while […]
The crypto-markets have looked grim throughout 2018, with investors seeing most of their crypto portfolio stuck in the red. Things are set to change soon though according to ex-Goldman Sachs partner and Galaxy digital founder, Mike Novogratz. Mike is off the opinion that the markets, which have taken a beating all year, will bounce back […]
Aftenpost, Norway’s largest newspaper, has confirmed that the Norwegian government will stop giving electricity subsidies to crypto mining firms in the country. Bitcoin mining firms in the country had been paying a lowly $0.05 per kilowatt which will soon rise to $1.73 per kilowatt. This revision of the pricing came after an amended state budget […]
A chainanalysis study cited by Reuters this past Tuesday shows that the commercial use of Bitcoin (BTC) has dropped considerably this year. Chainanalysis reportedly conducted a survey on 17 Bitcoin payment processors in preparation for the study. The survey showed that the number of Bitcoin transactions conducted via the processors had dropped by 80 percent […]