Bitcoin

Recently, a whale moved a significant amount of Bitcoin on the Bitcoin Network. These bitcoins withdrawn from Bittrex amounted to 47 452 BTC, equivalent to 414 million, and the transfer fee was only $0.68.  The Whale Alert recorded the movement of this massive amount of Bitcoin earlier today. The address that received the Bitcoins quickly moved the funds to another address.  BTC Transaction Fees are Decreasing Over the Years It looks like Segwit is trying to bring down fees since…

Blockchain and cryptocurrency form a technology that involves multiple streams of knowledge to function. Some of them, but are not limited to, include Economics, Network Theory, Cryptography, Distributed Computing, and Game Theory. It makes sense why people who are new to the field are easily discouraged from continuing learning. However, blockchain and cryptocurrency involve rigor and openness to learning new areas of knowledge. A new market has developed to help people understand the technology: the Market for Educators. Being as complex as…

Recently the BTC/USD pair has been striving to remain over $9,750 but later fell towards the $9.5k support. BTC price can plunge even more profound, even below the $9.5k support level.   The pair met a barrier at $9,880 but began a downward drop from the $9,847, falling below the $9750 support. It broke even further to below $9,680 and the 100 hourly SMA.  The drop paved the way for even harsher price declines towards the $9.5k support zone where buyers…

Warren Buffet, on February 24, noted again in strong terms how much he dislikes cryptocurrency. During CNBC's Squawk Box interview, Warren reiterated that he does not think cryptos have any value, nor does he see any produce from crypto assets. Warren Buffet said the value of crypto is zero. He publicly announced that he does not own a single cryptocurrency, and he will never have it. His remarks came in an interview after he released the annual shareholder letter.  It's…

America's largest bank now claims that the banking sector isn't ripe for Blockchain adoption. In a recent report, JP Morgan Chase acknowledges that the ongoing blockchain developments are the foundation for the adoption of digital currencies. However, it holds that full adoption will take years. The report also suggests that the bank is looking beyond blockchain technology. According to the report, the foundations for mainstreaming blockchain adoption, expedited payments and digital currencies is already set. It estimates that it will…

Bitcoin.com's CEO Roger Ver has backed Bitcoin Cash( BCH) to gain in popularity going forward. Mr Ver asserted that BCH aligns best to Nakamoto's vision compared to other Bitcoin Forks. He made these suggestions during an interview with HardForking. A BCH champion, Mr Ver ventured that cryptocurrencies should offer a substitute payment system, but not be another investment instrument. He averred that for us to prevent government control we should use cryptos as money. According to him, using cryptocurrencies for…

The last 24 hours saw the cryptocurrency market make a surprising recovery. As a result, BTC flat-line closed at $9,650. Bitcoin's price surged further settling at $9,945 a few hours ago. Following the quick two percent rise from $9.7k, BitMEX experienced a  push for the liquidation of short-side positions valued at $15 million. This push emanated from traders de-levering their positions in the last two days following Bitcoin's stagnation. Shifting Focus Mexbt,  a renowned trader, avers that BTC attainment of…

The Bitcoin network is about to experience unprecedented scalability thanks to impending upgrades. Announced last month the Schnorr Signature and Taproot Softfork upgrades are the most ambitious that the decade-old network has undertaken yet. Although initially a pull request, it transformed into a distinctive development when it became a formal proposition for a Bitcoin Improvement Proposal [BIP]. In addition to improving scalability to accommodate the daily users, the upgrade will enhance their privacy. Simple and Efficient The Schnorr signature scheme…

Pump and dump schemes are typical in the microcap stock market and are now making their way into the cryptocurrency industry. Although these schemes provide an excellent way of making a quick profit, they are risky. Unfortunately, new crypto investors don't know much about these schemes and often fall prey to the scams.  Trading in cryptos is risky; therefore, it helps to know what to avoid and how. This article will delve into the details of the cryptocurrency pump-and-dump schemes. What…