Cryptocurrency Analysis and News Portal
After failing to reclaim the $11,000 threshold yesterday, Bitcoin (BTC) price has dropped again to four figures.After the biggest cryptocurrency rapidly dropped $700 in minutes earlier today, the bearish movement continued as Bitcoin dipped below $10,000 price mark.Market visualization | Source: Coin360At press time, Bitcoin is trading at $9,983,
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Bitcoin Core developer Peter Wuille has introduced new Bitcoin (BTC) smart contract programming language dubbed Miniscript.Wuille, a creator of major Bitcoin network upgrade SegWit, announced the Miniscript project website on the mailing list message for Bitcoin developers on Aug. 19.As noted in the statement, Miniscript was developed and implemented
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iFinex (the parent company of Bitfinex and Tether) filed a motion in July to dismiss the lawsuit against the company as the New York Attorney General (NYAG) Letitia James doesn’t have jurisdiction over them in this case. On August 19, the Supreme Court dismissed the motion and ruled that the
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Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with.Sichuan Bitcoin Farms Hit by FloodsAccording to government services, monsoon flooding in China during
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India’s supreme court has slammed the country’s central bank over its handling of a cryptocurrency business ban and ordered it to address complaints.Judge: RBI has not properly responded to representationIn the latest session of an ongoing hearing into the actions of the Reserve Bank of India (RBI) on Aug.
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The US Patent and Trademark Office (USPTO) published a new patent application by Bank of America titled “Multi-Tiered Digital Wallet Security,” on August 15. As listed, the new patent’s system was invented by the banking firm’s senior technology manger, Manu Kurian.The patent was initially filed by Bank of America in
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Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15.In a tweet posted on Aug. 20, Burniske noted that in retrospect, 2014-15 revealed itself as having been the best risk/reward period for
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The crypto exchange giant Binance is here to make good of its goal to push forward the crypto world yet again through the launch of a new blockchain project dubbed Venus, which is touted the “independent regional version of Libra.”Yi He, Binance co-founder, stated:“We believe that in the near and
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American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s portfolio.In an interview with CNBC on Aug. 20, Pompliano said that every single week more infrastructure is being built around Bitcoin (BTC) and the crypto markets more broadly.“We’re at
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After witnessing the success of digital currencies throughout the world, the People’s Bank of China is getting ready to launch a state-sponsored digital currency, and according to new analysis, it may overtake the mobile payment market from Alipay and WeChat Pay.The world is slowly moving towards online channels for payment
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