Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
Bitcoin looks set to touch the key $4,000 resistance level as the leading cryptocurrency by market capitalization continued the rally for the third consecutive day this week. Building upon the positive start in the new week, Bitcoin rose to $3,950 on Wednesday, its highest after reaching the recent peak of $4060 on January 8. The weekly chart confirms a bullish reversal. In the last seven days,
Elon Musk, the founder and CEO of Tesla and SpaceX, commented that Bitcoin's structure is quite brilliant. During an interview on advisory services firm ARK Invest's podcast, Musk also said paper money is going away, and crypto is a far better way to transfer value than pieces of paper.
The remarks...
American restaurant chain Domino's Pizza is now accepting Bitcoin as a mode of payment.
Customers can now buy their favorite pizza from any of the multi-billion-dollar stores via the Lightning Network (LN) at a 5 percent discount paying $ 0.01 as an instant payment network fees.
Transaction settles in less than 30 seconds, and Domino's Pizza promises to deliver the food packet to the customer w
U.S.-based digital asset financial services firm BitGo is partnering British insurer Llyod's of London to provide insurance protection for cryptocurrencies and digital assets such as Bitcoin held in their Business Wallet and Custody offerings. Llyod's is providing insurance for up to $100 million of custodial assets held by either BitGo, Inc., or BitGo Trust Co.
US cryptocurrrency exchange Coinbase acquired the blockchain intelligence start-up company Neutrino. Coinbase said, "By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples' accounts, investigate ransomware attacks, and identify bad actors". "It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance wit
Indonesian financial regulator announced new rules for trading cryptocurrencies and digital gold assets on futures exchanges. The country's Ministry of Trade, through the Commodity Futures Trading Regulatory Agency or CoFTRA, known as Bappebti, issued four rules related to the implementation of trading crypto assets.
Building upon the positive start in the new week, Bitcoin continued the bullish rally on Tuesday, hitting above key $3,800 resistance level consistently. Almost all through the day, BTC was seen testing resistance near $4,000, for the first time in five weeks. The leading cryptocurrency by market capitalization rose by $164, or 4.40 percent, in a 24-hour session starting Monday. As of writing,
A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.
China-based bitcoin mining giant Bitmain Technologies Limited announced the launch of its next generation 7 nanometer or nm ASIC chip for mining cryptocurrencies such as Bitcoin and Bitcoin Cash. The mining hardware, BM1397, is designed to bring a better mining experience and aims to set a new benchmark in ASIC chip technology.
Bitcoin got off to positive start in the new week, touching $3700 for the first time in a month. The leading cryptocurrency by market capitalization rose by $163.86, or 4.60 percent, in a 24-hour session starting Sunday. As of writing, BTC is changing hands at $3,752 on Conbase, back to the levels seen a month ago. Bitcoin's 24-hour trading volume has jumped to more than $8 billion for the first
The ICO market is significantly large compared to the previous years, but interest in token sales has dropped dramatically over the past 10 months, a report said. Investment in startups conducting initial coin offerings (ICOs) has decreased from $5.8 billion in March 2018 to $291 million in January 2019, a 95 percent fall, according to a new study by crypto analytics platform Coinschedule. How
A summary of select stories from the cryptocurrency and blockchain world during this week.
Bitcoin could not sustain the momentum it enjoyed when it shot up by nearly 10 percent on a single day last week. Since peaking at $3626 last Friday, the leading cryptocurrency by market capitalization shied away from the momentum over the week, and is back to another consolidation range below $3,600. The price has been drifting downward, though at a marginal speed, over the course of the week.
A federal judge placed an injunction against a crypto startup for making fraudulent offers of securities, reconsidering his previous order. U.S. District Judge for the Southern District of California, Gonzalo Curiel, placed a preliminary injunction against Blockvest LLC and its founder Reginald Buddy Ringgold, known as Rasool Abdul Rahim El, reversing a decision the court made last year on a comp