BTC

On the 27th of February 2020, Bitstamp announced adding full support for SegWit bech32 Bitcoin addresses. The announcement said that all Bitstamp users can now withdraw Bitcoin to bech32 addresses and develop new deposit addresses in this format. In this case, Bitstamp generated new Bitcoin deposit addresses for all its clients. When depositing Bitcoin onto the exchange, Bitstamp users can now choose between the old format or the bech32. Nevertheless, the exchange prefers all users to switch to bech32, claiming…

Bitcoin and the rest of the crypto market have in the past weeks experienced huge value downswings. The gains at the start of 2020 have been all but wiped out in most altcoins thanks to the recent declines. Most of these major cryptos are otherwise getting closer to their critical support levels, a sign that a huge upswing might be around the corner. The same support levels also seem to occur simultaneously with the tremendous barrier that the entire crypto…

David Schwartz, Ripple’s CEO, says Bitcoin, XRP, and other distributed ledgers will continue to evolve slowly with great care and thoroughness.  Schwartz was speaking in the web series Ripple Drop. He also talked about the XRP Ledger’s unharried improvement, which started with a few nodes in 2011. Still, it is now utilized to power international payment transactions involving billions of dollars. Over the years, the XRP experienced significant changes in less than a decade; however, Shwartz insisted that blockchain systems’…

Currently, the BTC/USD pair is moving from its weekly drop at $8512. However, the Bitcoin price faces many significant barriers close to $9k, and it might turn to the downside. This week, a powerful downward move to the downside under $9k and $8.8k occurred. The pair even continued under the support at $8680 and established under the 100 hourly SMA. The pair then formed a new low close to $8512, and it is currently correcting losses. A Look at the…

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 These bitcoins withdrawn from Bittrex amounted to 47 452 BTC, equivalent to 414 million, and the transfer fee was only $0.68.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…

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…

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…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $286 billion. Bitcoin loses momentum and falls below $10,000 Ethereum value remains above the $260 threshold. XRP ends at $0.28 and continues its bullish attempt to get beyond the $0.30 mark Tezos almost breaks the $4 barrier before dropping at $3.51 Binance goes through unexpected maintenance work. Concerns over the coronavirus continue to impact…