Bitcoin Justin Bieber: Latest News & Videos, Photos about Bitcoin Justin Bieber
08 Apr, 2020, 06.31 PM IST
Bitcoin is currently the best performing asset class in the last one year.
12 May, 2020, 02.17 PM IST
Monday’s “halving” cuts the rewards given to those who “mine” bitcoin to 6.25 new coins from 12.5.
08 May, 2020, 08.56 AM IST
Bitcoin rose as much as 2.2 per cent to to $10,015 on Friday in early Asia trading, taking it into five figures for the first time since Feb. 24.
07 Apr, 2020, 04.25 PM IST
As a beginner, Bitbuddy will focus on the crypto traders across the country and millennials worldwide. It will offer competitive pricing, with two months zero trading fees as an introductory offer.
10 Jan, 2020, 11.38 AM IST
The singer shared a photo of an article on his health on Instagram and confirmed the rumours.
27 Apr, 2020, 04.31 PM IST
07 Apr, 2020, 05.13 PM IST
On this platform, customers will be able to buy and sell the assets. BitBuddy will focus on the crypto traders and millennials.
13 Mar, 2020, 02.59 PM IST
Bitcoin has lost around 60% of its value since Saturday, underscoring its challenges in becoming a usable currency.
23 May, 2020, 12.25 PM IST
A larger number of investors believe that Bitcoin is here to stay. Many veterans have been holding onto Bitcoins for as long as 7 to 8 years. The rise in the value of bitcoin has not yet decelerated.
29 Apr, 2020, 10.40 PM IST
Bitcoin gained as much as 8.7 per cent to $8,406, according to composite prices on Bloomberg.
03 Mar, 2020, 02.15 PM IST
12 Oct, 2019, 04.02 PM IST
Reports suggest that the singer bought it after months of house hunting with wife Hailey Baldwin.
Bitcoin recovers from failed attempt at $10,000
The price of Bitcoin on Sunday shows that the largest cryptocurrency by market cap has failed to fully recover from its brief, mid-week crash.
Bitcoin fell from around $9,760 on Wednesday to about $9,000 on Thursday, according to data from metrics site CoinMarketCap. As of Sunday, its price is around $9,150.
The fall from $9,760 comes as a disappointment to anyone who hoped that Bitcoin would once again push past $10,000, a price it has brushed against for the past few weeks.
On March 12, now known as “Black Thursday”, Bitcoin’s price fell from around $10,000 to $4,286. The crash occurred when the crypto market tanked along with global markets due to economic uncertainty caused by the coronavirus pandemic.
Bitcoin has made a strong recovery since then, but has not managed to consistently push past $10,000. Maintaining a price of $10,000 would suggest that it has fully recovered from the COVID-crash.
It has come close a couple of times:
Bitcoin’s price hit $10,000 on May 8, just days ahead of May 11’s Bitcoin halving—when the block reward for Bitcoin miners cut in two. But an abrupt market crash on May 10, likely caused by whales dumping on the market and Coinbase briefly going offline, brought Bitcoin’s price crashing down to $8,600.
Bitcoin’s price then recovered to highs of $9,880 on May 18—last Monday—before crashing on Wednesday.
Though Bitcoin has not managed to maintain the elusive $10,000 price point, the coin price is still up 116% since the “Black Thursday” crash on March 12.
But Bitcoin’s stubborn refusal to budge past the $10,000 figure does not mean that the market is stagnant.
It might be because it’s still tied to the fate of the stock market. Despite assertions that Bitcoin had managed to break free from its gravitational pull, Bitcoin still continues to track the S&P 500.
During the turmoil, many new players, among them rich institutional investors, are entering the market.
As reported recently, a Bitcoin investment fund raised $140 million just one week before the block reward halving. And Mike Novogratz, CEO of Galaxy Digital, said prior to the halving that he’d personally witnessed lots of new investors enter the cryptocurrency space.
Novogratz said, “It’s all positive stuff in terms of flow in that space. That’s where the bulk of my risk is. It’s been a fun environment in the Bitcoin space; after a long desert we now have real activity.”
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Author: Decrypt / Greg Thomson
Bitcoin’s energy consumption rivals Israel’s, even after halving
Following the Bitcoin halving on May 11, miners pulled the plug on so many machines, according to data from Digiconomist, that Bitcoin’s energy consumption has dropped by 24%.
When mining rewards of the Bitcoin blockchain reduced, like clockwork, from 12.5 BTC to 6.25 BTC on May 11, many miners were forced to shut down old machines.
But Bitcoin miners are still expending immense amounts of computational power to perform the complex calculations that validate transactions on the network.
According to Digiconomist, the electricity used in Bitcoin’s combined global computing and mining network is equal to that of the state of Israel. Its carbon footprint remains equal to that of the entirety of Syria.
And a single Bitcoin transaction demands as much energy as the average US household consumes over 18 days.
Many older mining machines, purpose-built for Bitcoin mining alone and now unprofitable after the Bitcoin halving, will go straight in the trash. Data from Digiconomist claims that the waste produced by the Bitcoin network rivals that of Luxembourg.
Though Bitcoin’s energy consumption is terrible for the planet, the strength of its network relies upon its mining mechanism. Together, those miners secure the Bitcoin blockchain by verifying transactions.
Following the Bitcoin halving, Bitcoin’s mining difficulty was reduced by around 6%, according to data from BTC.com. Adjustments to Bitcoin’s mining difficulty ensure its 10 minute block times remain consistent.
Another 6% difficulty reduction is expected in the next 11 days, meaning some of the smaller miners who were forced out due to the block reward reduction could yet return.
As reported by Decrypt recently, the block reward halving resulted in just two companies controlling over 50% of the Bitcoin hashrate. At the time of writing, those same two entities—Antpool and BTC.com—control just over 40% of the hashrate, according to data from Coin.Dance.
Bitcoin’s centralization fears have been allayed for the time being—but only slightly.
Author: Decrypt / Greg Thomson
The Crypto Daily – Movers and Shakers -25/05/20
Bitcoin slid by 5.08% on Sunday. Reversing a 0.15% gain from Saturday, Bitcoin ended the week down by 9.91% to $8,710.10.
A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $9,300.0 before hitting reverse.
Bitcoin came up against the first major resistance level at $9,295.47 before falling to a late afternoon low $8,859.2.
The reversal saw Bitcoin fall through the first major support level at $9,064.27 and the second major support level at $8,952.93.
Finding late support, Bitcoin briefly recovered to a high $9,075 before a final hour sell-off.
The sell-off saw Bitcoin slide back through the first major support level and second major support level to an intraday low $8,688.0.
The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.
For the bulls, Bitcoin would need to break out from the 62% FIB of $10,034 to form a near-term bullish trend.
Across the rest of the majors, it was also a bearish end to the week on Sunday.
Cardano’s ADA slid by 6.80% to lead the way down.
Bitcoin Cash ABC (-5.47%), Litecoin (-4.08%), Monero’s XMR (-4.06%), Stellar’s Lumen (-4.74%), Tezos (-4.31%), and Tron’s TRX (-5.15% weren’t far behind.
Binance Coin (-3.09%), Bitcoin Cash SV (-3.77%), EOS (-2.84%), Ethereum (-3.38%), and Ripple’s XRP (-3.27%) saw relatively modest losses on the day.
Sunday’s sell-off delivered mixed results for the week, however.
Cardano’s ADA and Tezos bucked the trend, with gains of 0.20% and 0.81% respectively, Monday through Sunday.
It was a week in the red for the rest of the majors, however.
Bitcoin Cash ABC and Stellar’s Lumen led the way down, with losses of 7.72% and 7.04% respectively.
EOS (-4.92%), Monero’s XMR (-6.72%), Ripple’s XRP (-4.45%), and Tron’s TRX (-5.43%) weren’t far behind.
Binance Coin (-1.90%), Bitcoin Cash SV (-2.71%), Ethereum (-3.58%) and Litecoin (-3.75%) saw relatively modest losses for the week.
In the week, the crypto total market cap rose to a Monday low $268.50bn before falling to a Sunday low $239.63bn. At the time of writing, the total market cap stood at $242.29bn.
Bitcoin’s dominance rose to a Monday high 68.31% before falling to a Sunday low 66.51%. At the time of writing, Bitcoin’s dominance stood at 66.64%.
At the time of writing, Bitcoin was up by 0.83 to $8,782.2. A mixed start to the day saw Bitcoin fall to an early morning low $8,620.0 before striking a high $8,808.7.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day.
Tron’s TRX (+1.57%), Tezos (+1.20%), Ethereum (+1.06%), Bitcoin Cash ABC (+1.23%), and Binance Coin (+1.11%) led the way early on.
Monero’s XMR was down by 0.15%, however, to buck the trend.
Bitcoin would need to move through to $8,900 levels to bring the first major resistance level at $9,110.73 into play.
Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,808.7.
Barring an extended crypto rebound, the first major resistance level would likely limit any upside.
In the event of an extended crypto rally, Bitcoin could revisit $9,300 levels before any pullback. We would expect Bitcoin to come up short of the second major resistance level at $9,511.37, however.
Failure to move through to $8,900 levels could see Bitcoin hit reverse.
A fall back through the morning low $8,620.0 would bring the first major support level at $8,498.73 into play.
Barring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,287.37.
Author: Bob Mason4 hours ago (May 25, 2020 02:18 AM GMT)
BitMEX Lawsuit, Iran Crypto Mining and a Strange Bitcoin Movement: News of the Week
Last week in crypto saw a new lawsuit filed against Bitcoin derivatives giant BitMEX, a strange movement of bitcoins mined in 2009, the Iranian government prioritizing crypto mining among other noteworthy news reports.
Cryptocurrency exchange and derivatives trading platform BitMEX is being sued by Puerto Rican company BMA LLC. The accusations launched against the popular platform include the orchestration of a massive financial crime ring.
Specifically, the suit has been filed in the United States District Court for the Northern District of California and claims that BitMEX’s parent company, HDR Global Trading, is involved in an illegal multi-billion-dollar racketeering conspiracy involving wire fraud, money laundering, unlicensed money transmission and other illicit activities. Furthermore, it is alleged that the company violated the Racketeer Influenced and Corrupt Organizations Act (RICO).
HDR Global Trading, meanwhile, has brushed off the lawsuit’s allegations as little more than “rehashed […] information culled from the internet” filed by “a serial filer of claims against companies operating in the cryptocurrency space [that is] widely recognized for operating just like a patent troll.” The statement comes two weeks after BMA LLC filed a lawsuit against blockchain firm Ripple.
Not long after news of the lawsuit started circulating, BitMEX experienced a “major outage” — resulting in its trading engine going offline. The platform resumed operations some hours later.
- Should the case against BitMEX be taken seriously, ripples would be felt throughout the entire cryptocurrency industry. However, BMA LLC previously targeted cryptocurrency derivatives exchange FTX on accusations of price manipulation, but dropped the case.
- BitMEX has been losing market share in the increasingly-competitive cryptocurrency derivatives market. News of a lawsuit against its parent company likely won’t bolster its reputation.
- Unlike the BitMEX outage on March 13, which coincided with the price of Bitcoin (BTC) crashing to 12-month lows, the price of BTC remained relatively stable during the outage incident.
50 bitcoins were moved in two transactions on Wednesday from an address that had remained dormant since early 2009 — extremely early in Bitcoin’s lifespan. According to cryptocurrency transaction tracker Whale Alert, “the coins in this transaction were mined in the first month of Bitcoin’s existence.”
👤👤👤 40 #BTC (391,055 USD) transferred from possible #Satoshi owned wallet (dormant since 2009) to unknown wallet
ℹ️ The coins in this transaction were mined in the first month of Bitcoin’s existence.
These rare movements sparked a wave of speculation that the bitcoins in question may (or may not) belong to Bitcoin’s anonymous creator, Satoshi Nakamoto. Additionally, the price of BTC immediately dropped after the news emerged — likely caused by fears that the founder may be preparing to sell a large sum of the early-mined bitcoins.
The last time bitcoins mined from this time period were moved was in August 2017.
- The price of Bitcoin almost-instantly dropped by seven percent, illustrating how quickly the cryptocurrency market is to react to speculation surrounding coins Satoshi Nakamoto may own.
- The transaction also has larger implications in the Wright v. Kleiman case. NChain CTO Steve Shadders listed the address that the coins were sent from as potentially belonging to Craig Wright, who claims to be the real Nakamoto.
The president of Iran, Hassan Rouhani, has ordered the country’s government to craft a new national plan to take advantage of the maturing crypto industry. Specifically, he told the Central Bank of Iran (CBI), the country’s energy department and the ministries of information and communication technology to create a crypto mining proposition, with facets addressing its regulation.
Two days prior to Rouhani’s order, the parliament of Iran proposed implementing its foreign exchange and currency smuggling regulations in the realm of cryptocurrencies. Additionally, the bill aims to force the registration of cryptocurrency exchanges servicing Iranian users with the CBI.
- Iran’s renewed interest in crypto mining on a national level comes months after United States President Donald Trump’s administration evidently accused the country of using cryptocurrency to evade sanctions.
- The possible implementation of tighter cryptocurrency regulations could be made in an effort to prevent capital flight out of Iran.
Ahead of the launch of its consumer app, Intercontinental Exchange’s crypto venture, Bakkt, added more than 70 clients to its institutional digital asset custody business, Bakkt Warehouse. Additionally, clients may purchase insurance coverage worth $500 million.
Meanwhile, the open interest rate for Bitcoin options on CME hit new all-time highs following the recent news that Paul Tudor Jones is investing in the leading cryptocurrency (more accurately, in Bitcoin futures), which he referred to as a nascent store of value.
- Improved on-ramps for institutional investors into the Bitcoin and cryptocurrency space have largely been responsible for the dramatic increase in institutional interest in the space. As Bakkt continues to grow its business, it is reasonable to expect this trend to continue.
- Open interest for BTC options on CME is signaling that institutional investors are having a stronger impact on the market.
Kentucky Congressman Brett Guthrie, together with members of the House Energy and Commerce Committee, put forth a blockchain-focused bill called The Advancing Blockchain Act. The bill is meant to bolster the United States in its race to be at the forefront of emerging technologies.
The proposed act aims to promote the use of blockchain technology in the U.S. economy.
- The United States hasn’t exactly been at the forefront of blockchain technology and cryptocurrencies. The new act would be a significant step in helping the country keep pace with the foreign competition.
- China — America’s trade war opponent — has, thus far, led the way when it comes to the implementation of blockchain technology on a national scale.