Bitcoin News

Venezuelans Can Now Use Bitcoin to Pay for Goods at 20,000 PoS Term…

Venezuelans will now be able to use bitcoin to pay for goods and services at more than 20,000 point-of-sale (PoS) terminals throughout the struggling South American country.


First Mover: Dull Bitcoin Halving Salvaged by Satoshi Tribute in Bl…

Bitcoin's halving, the subject of amped-up buzz, hype and speculation since late 2019, proved anticlimactic on Monday as prices slid for a third straight day and the blockchain network slowed to a crawl.


Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Rec…

Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8% of the loans and bitcoin cash (BCH) 5.8%.


Blockchain Bites: What the Bitcoin Halving Means for Miners and Prices

Predictions and price models proliferate ahead of Bitcoin's programmatic halving, expected in less than two weeks.


Why Global Deflation May Not Be Bad News for Bitcoin

Contrary to expectations, bitcoin could see a positive performance during a possible bout of global deflation if it acts not just as an investment asset, but as a medium of exchange and a perceived safe haven like gold. 


Bitcoin's Third Halving: Survey Shows 50% of Miners Expect a Price…

The block reward halving for BTC is 32 days away and crypto businesses and mining operations are steadily preparing for the event. Today, Bitcoin’s hashrate is hovering just above 100 exahash per second (EH/s) and one year after the 2016 halving, the digital asset’s price and hashrate climbed over 240%.


Bitcoin Tracks Stocks Up to $7.4K Before Sliding Back to $7.1K

Bitcoin trended higher along with many traditional markets Tuesday before changing direction and falling as U.S. stock trading closed.


Bitcoin Briefly Tops $7K as Traders Say Worst of 2020 Sell-off May…

Bitcoin (BTC) rose Thursday for the fourth straight session and briefly climbed above $7,000 for the first time in three weeks.


Trader Survey Respondents Predict Bitcoin Price Will Surpass $22K i…

San Francisco-based exchange Kraken conducted a poll that stems from the responses of 400 “VIP” cryptocurrency traders. Despite the current economic climate, surveyed participants indicate they still believe the cryptoconomy is in a “bull market.” Moreover, Kraken’s survey respondents think BTC prices will touch a new all-time high at $22,866 per coin.


1.2 Million Italians Can Now Buy Bitcoin From Their Bank

Buying bitcoin just got easier for Italians. The country’s mobile bank Hype has announced a partnership with fintech startup Conio, enabling customers to buy, sell, and securely store BTC from within their banking app.


Bitcoin Bumps Up, but for How Long?

As traditional markets continue to struggle with the coronavirus crisis, cryptocurrencies are seeing an upswing in both price and volume. Now crypto traders are wondering how long this new rally will last.  


Indian Government Reveals Inspection of Bitcoin Businesses, Informs…

The government of India has informed Lok Sabha, the lower house of parliament, about the Ministry of Corporate Affairs’ inspection of cryptocurrency businesses. Minister of State for Finance and Corporate Affairs Anurag Singh Thakur provided details of two companies in particular.


Bitcoin Falls Below $5K as Market Pain Deepens

Bitcoin (BTC) and the broader cryptocurrency market continued this week's sharp decline, with the world's largest crypto falling to around $4,800.


Bitcoin’s Option Market Sees Low Chance of Post-Halving Rally

Bitcoin (BTC) is unlikely to get bid up after the May 2020 mining-reward halving, based on the way the cryptocurrency’s options are valued.


Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot Y…

Virgin Galactic is one of the leading ventures in the emerging private space race alongside companies such as Spacex. However, it is being compared now mostly to another Elon Musk creation – Tesla. This is because Virgin Galactic stock is skyrocketing as traders rush in to bet on the futuristic promise of space tourism.


The Many Facts Pointing to Dorian Nakamoto Being Satoshi

In March 2014, a Newsweek columnist named Leah McGrath Goodman published a story called “The Face Behind Bitcoin.” She claimed Bitcoin’s inventor was a retired physicist named Dorian Nakamoto. When Goodman arrived at Dorian’s home in California, he said he was “no longer involved in that” and he “cannot discuss it.”


Craig Wright's $100B Theft Claim - BTC and BCH Used His Database Wi…

The infamous Craig Wright, the Australian native who claims to be Satoshi Nakamoto, has published a blog post that explains he owns “the full rights to the Bitcoin registry” and developers do not have the right to change the protocol’s underlying database.


Bitcoin Breaks Above $10,000 in Spot Market

For the first time in three months, bitcoin’s price is being quoted in five digits to the left of the decimal. 


The Controversial S2F Model Predicts Bitcoin Price Will Reach 100,0…

The current price of BTC is roughly in line with the popular stock-to-flow (S2F) system for technical analysis, and if the trend continues some speculate the price of the asset could reach $100,000 within the next two years.


Don’t Invest in Bitcoin Code, Bitcoin Doubler or Bitcoin Trader – T…

Those new to crypto and with money signs in their eyes can easily be taken in by scams, and there are many, thanks to the decentralized nature of bitcoin and the lack of knowledge surrounding it for beginners.


Close to 11 Million BTC Haven't Moved in Over a Year

According to a new research report published by Digital Asset Data, more than 10 million BTC has been sitting dormant for a whole year. Data shows that unmoved bitcoins account for roughly 60% of the current minted supply and it’s the largest number of dormant coins since the start of 2017.


This Metric Suggests Bitcoin Has Bottomed Out

Bitcoin likely carved out a major price bottom in December, according to a non-price metric, which has proved to be a reliable price indicator in the past. 


McAfee Catches Heat After Welshing On Famous Bitcoin Bet

Many bold predictions about bitcoin’s price have been made over the years, but tech entrepreneur John McAfee’s 2017 claim that BTC would reach $1 million before the end of 2020 garnered more column inches than any other.


China Takes Another Step Away From USD Hegemony

The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%.


Bitcoin Jumps 5%, Gaining With Gold, After US Kills Top Iranian Off…

Bitcoin jumped the most in two weeks after a U.S. drone strike killed a top Iranian military commander, fueling speculation that heightened geopolitical turmoil might spur demand for the cryptocurrency in 2020. 


Bitcoin’s Next Decade Will Be Shaped by Derivatives

The last five years have been a test phase for bitcoin derivatives, which began tentatively when Bitmex eased into life in 2014. Now, as the cryptoconomy prepares to enter a new decade, derivatives products will play a pivotal role in price discovery.


Bitcoin Price Takes Aim at $7.4k Resistance - $7.6k by Monthly Close?

With the end of the year just a few days off, Bitcoin (BTC) looks set to close 2019 under $10,000. Despite the digital asset’s inability to change the bearish trend that has held a tight grip on price since June 26, the most recent price action has been a godsend for intraday traders playing the relatively predictable range.


Bomb Threats Demanding Bitcoin Force Evacuations Across Russia

Someone has been sending bomb threats across Russia, demanding $870,000 worth of bitcoin supposedly stolen from the defunct cryptocurrency exchange WEX.


Only 375 Days Left for McAfee's $1M Bitcoin Price Wager

As the end of 2019 approaches, it means there will be one year left for John McAfee’s infamous wager that said the price per bitcoin would “reach $1,000,000 before the end of 2020.” If the forecast doesn’t come to fruition, he said that he would eat his family jewels on television. At the moment, the price of BTC is 95% below McAfee’s prediction.


A Bitcoin Wallet Is Orbiting the Earth at 5 Miles Per Second

CAPE CANAVERAL, FLORIDA – At exactly 12:29 EST on Thursday, a crypto wallet built by developers at SpaceChain hurtled into the stratosphere aboard a Falcon 9 rocket.