Bitcoin

Bitcoin (BTC) price has been fairly stable this week, hovering within the $34k to $38k region. This relative period of stability has resulted in different analysis on the next price levels for the leading coin. Despite this, institutions continue to accumulate BTC, with Grayscale adding $600 million worth of BTC to its portfolio. Bitcoin market cap down by 5% Bitcoin has experienced a slight dip in the past 24 hours, losing 5% of its market cap during this period.  BTC…

BitMEX is a cryptocurrency derivative trading platform designed to serve the needs of the global market. Unlike most exchanges, you don't trade cryptocurrencies directly on the platform. Instead, you trade crypto-based contracts. The advantage of this strategy is its more inclusive because it provides a regulated way for large financial institutions to participate in the market.   Benefits of The BitMEX Exchange BitMEX introduces a number of benefits to the market. For one, its global approach provides a huge variety of…

Many critics, including traditional financial institutions, have always argued that criminals use Bitcoin and cryptocurrencies for nefarious acts like washing dirty money, defrauding investors, financing terrorism, etc. Barring Crypto Customers Due to this, crypto traders in some parts of the world, like Australia, have trouble accessing banking services.   Earlier this week, reports revealed that Australian bitcoin exchange operator Allan Flynn filed a $290,000 (AUD 375,000) lawsuit against two Aussie banks for closing his accounts because he deals with cryptocurrencies.  Flynn…

Stephen Harper, the former Prime Minister of Canada, has expressed a favorable opinion on popular cryptocurrency Bitcoin (BTC).  He believes that Bitcoin could integrate the currency reserves of global countries in the future. Bitcoin a viable alternative to the US Dollar Stephen Harper shared his views in an interview during the Vancouver Resource Investment Conference. Harper spoke of Bitcoin in the context of a weakening US dollar (USD), which is the most important reserve currency for large economies. The former…

As the number of new blockchains continues to surge, a glaring question appears: who will deliver a solution to blockchain interoperability? There are already some crypto projects like Band Protocol attempting to solve this age-old problem, but the answer may come from a project outside of the crypto space. Quant Network is a UK-based blockchain company that may have what it takes to support technologies and applications from different blockchains working together. What is Quant Network? Quant Network is a…

By accident, a British man threw a hard drive with Bitcoin into the trash has offered the local government more than $70 million to dig up landfills for retrieval. IT employee James Howells got rid of the device containing 7,500 Bitcoins between June and August 2013. He originally mined the virtual currency four years earlier when its value was still low. But when a rally valued cryptocurrency and looked for it, he discovered that he had mistakenly dumped the hard…

Bitcoin’s position as a global currency continues to increase with adoption in different industries across the world.  This week, a Spanish football club became the first to pay for a footballer’s transfer with Bitcoin. Football’s First transfer with Bitcoin This historic milestone occurred this week when footballer David Barral joined Spanish third division club DUX International de Madrid. The entire transfer was performed via Bitcoin, with the club not disclosing the total amount paid. The signing of this historic contract…

On Wednesday, Twitter CEO Jack Dorsey said that prohibiting US President Donald Trump was the best resolution for Twitter. Still, he disclosed that few private companies shouldn't dominate the internet. Dorsey said that the concept was disputed last week when several foundational internet tool providers opted not to host what they thought was treacherous. He said that he trusts the companies came to their conclusions or were encouraged by others' actions. He added that the inconsistent policies and lack of…

Ethereum 2.0 continues to gain momentum with new developments on its smart contract network. Just six weeks after its beacon chain was launched, the number of validators has already exceeded 60,000. According to the analytical platform Beacon Chain, the total number of validators on the Ethereum 2.0 smart contract is 60,189. An additional 16,156 potential validators are waiting in the queue to be approved by the smart contract. This is remarkable and means that the beacon chain network launched on…