Bitcoin 

Bitcoin Cash Price Analysis- BCH/USD May Crash $300 Or $850 By End Week

Today marks the new starting or the end of Bitcoin cash assuming Craig Wright wins the hash rate game and mine empty blocks before Roger Ver mining pools. The BCH/USD pair did move down and broke the $500 and $480 support levels. The decline was nasty as the price dropped by around $100 and traded close to the $400 support. A new low was formed at $404 and the price is currently consolidating losses. It has more chances of declines below the $500 support in bitcoin cash price against the…

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Bitcoin 

How Bitcoin Have Its Value In Ten Years

This month marks ten years since the bitcoin.org domain was registered. Bitcoin.org was originally registered and closely-held by Bitcoin’s 1st two developers, Satoshi Nakamoto, and Martti Malmi. Bitcoin, the world’s 1st cryptocurrency is at the forefront of a complex financial set-up viewed warily by markets and investors. October 31, 2008, marked the birth of bitcoin. Bitcoin didn’t technically begin trading till January 2009, thus why are we celebrating its ten years? Simple as a result of this marks the day that a mysterious person named Satoshi Nakamoto announce a paper…

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Bitcoin 

Don’t Upgrade Your Bitcoin Miners to Bitmain’s AsicBoost Patch

Bitcoin mining pool operator Slush Pool is urging miners not to upgrade their Antminer S9 devices to a new firmware patch released this morning by manufacturer Bitmain, as it will render the devices incompatible with Slush Pool. According to Slush Pool, Bitmain’s firmware upgrade is not compatible with the BIP310 standard, which outlines a generic mechanism for specifying stratum protocol extensions. Consequently, users who upgrade their S9s will not be able to mine on Slush Pool until the firm is able to develop and implement a workaround. In the meantime,…

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Bitcoin 

Payments Processor BitPay Integrates Stablecoin Settlements

Bitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrency while remaining immune from market volatility. The Atlanta-based BitPay made the announcement on Monday, explaining that it will allow merchants in 190 countries to accept international payments without relying on costly, time-consuming wire transfers. GUSD was recently launched by Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss. The token, whose balance sheet will be…

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Bitcoin News 

Today $140 Million Bitcoin Moved from Mt.Gox Wallet

Approximately 16,000 BTC associated with the infamous and now-defunct Bitcoin exchange Mt. Gox were moved on Thursday, sparking speculation that the estate’s trustee is preparing to liquidate more coins. The transactions — worth nearly $141 million — were first flagged by CryptoGround — a service that monitors Mt. Gox’s Bitcoin and Bitcoin Cash wallets. Blockchain data indicates that the coins, which came from multiple addresses, were consolidated into a single wallet, with 0 BTC remaining in the source addresses. Notably, the 16,000 Bitcoin Cash stored that corresponded to those same…

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Bitcoin News 

Income-Tax dept conducts surveys at Bitcoin exchanges across country

The Income Tax Department of the Indian government has reportedly swooped in on nine bitcoin exchanges to look into alleged tax evasion. According to a report from the Press Trust of India (PTI), the country’s largest news agency, multiple investigative teams from the Income Tax (IT) department in India jointly visited the premises of nine bitcoin exchanges today to conduct ‘survey operations’ on suspicion of alleged tax evasion. Under section 133A of the Income Tax Act, the survey enables the tax sleuths to gather “evidence for establishing the identity of…

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Bitcoin 

Bitcoin soars past $15,000, just hours after crossing $14,000

Bitcoin rocketed higher Thursday, crossing the $15,000 mark just 10 hours after topping $14,000. The landmark happened on the Coinbase exchange at 10 a.m. London time on Thursday, and it traded as high as $15,200 on that platform. That said, there are often significant price differentials on different bitcoin exchanges. CoinDesk, a widely regarded industry site, still showed the cryptocurrency below the $15,000 level, according to its average of prices across leading exchanges. The latest swing higher came as bitcoin topped $12,000 Tuesday night in a rapid recovery from a…

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Bitcoin News 

Exchange operator Nasdaq aims to launch bitcoin futures in 2018

A Wall Street Journal report revealed that Nasdaq and Cantor Fitzgerald & Co. will list bitcoin futures within the first half of 2018. The two financial institutions are “rushing” the integration of bitcoin given the cryptocurrency’s recent surge in price, to $11,441. According to sources familiar with the Nasdaq’s plans for a bitcoin futures exchange launch, Nasdaq’s bitcoin futures and contracts will be listed on Nasdaq Futures. Through that, investors in the traditional finance sector and stock brokerages will be able to engage in bitcoin trading. In an interview with…

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Bitcoin News 

Bitstamp to Launch Bitcoin Cash Trading Pairs in December

Bitcoin exchange Bitstamp has announced that it will launch bitcoin cash trading pairs during the first week of December. When bitcoin cash forked away from the main bitcoin blockchain at the beginning of August, many people were skeptical that it could garner enough support to remain viable. Consequently, quite a few cryptocurrency exchanges and services — including Bitstamp — took a wait-and-see approach to the fork. However, nearly four months after the fork, bitcoin cash retains the third spot in the market cap rankings and is currently trading near $1,200…

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Bitcoin 

Nepal Police Arrest Two Bitcoin Exchange Operators in Crackdown

The national investigative agency of Nepal, operated by Nepal Police, has arrested the founders of bitcoin exchange Bitsewa in an ongoing crackdown in the country. According to a report by The Himalayan last week, the Central Investigation Bureau of Nepal Police has arrested Ram Dhakal, 32, and Pursottam Dhar Tuladhar, 26, for “allegedly operating a bitcoin racket in Kathmandu and Pokhara under the cloak of [an] online technology business.” The two bitcoiners are founders of Bitsewa Pvt Ltd., a cryptocurrency exchange that supports trading of multiple digital currencies and the…

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