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…
Can Bitcoin dethrone VISA? Not anytime soon, with the high Bitcoin electricity use!
Bitcoin enthusiasts and the other market-watchers often wonder whether Bitcoin can eclipse the prevailing payment methods like VISA. Bitcoin electricity use is very high, and the Bitcoin community needs to address this first.
GEM CEO Micah Winkelspecht Predicts Return of Bitcoin Dominance in 2019
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…
Coingate to make Litecoin Lightening Payments Possible in 2019
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…
Price per Bitcoin Could Reach $10 million in a Decade According to Fundstat’s Tom Lee
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…
Billionaire Investors Remain Positive on Long term Future of Crypto Markets
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,…
Bitcoin, Ethereum and bitcoin cash soar as the crypto market recovers
The crypto market seems to be recovering from a turbulent season as major coins soar in price. The valuation of the crypto market over the past 24 hours has been estimated at $127 billion up from $115 billion with most…
Bitcoin Price to Stay Range-bound For the Next 3 to 6 Months According to Civic CEO Vinny Lingham
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…
“Crypto Markets will Rebound Next Year” According Galaxy Digital’s Mike Novogratz
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…
Norway Scraps Electricity Subsidies for Norwegian Bitcoin Mining Firms
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…