BitCoin News


Bitcoin Fees Skyrocket 590% Since Mid-June Supporters Think Mempool Size Is Bullish

Bitcoin fees have grown much larger in recent days spiking to a two-month high to $3.80 per network transaction. The crypto asset’s fees have jumped 590% since June 14 and the mempool (transaction backlog) has grown significantly. Digital currency m...

BitCoin

07/27/2020

Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit

U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cu...

BitCoin

07/27/2020

29 Cryptocurrencies Delisted on Liquid Exchange to Comply With Singapores FATF Crypto Regulation

A major Japanese cryptocurrency exchange, Liquid, has delisted 29 cryptocurrencies to comply with the crypto regulation in Singapore in an effort to become a licensed crypto exchange operator in the country. Singapore has been enhancing its crypto regulat...

BitCoin

07/27/2020

Market Update: Cryptocurrency and Gold Markets Fueled by Failing Global Economy

The cryptocurrency economy has spiked significantly on July 26 into the overnight trading sessions capturing over $300 billion in value. Bitcoin is trading above the $10,360 zone while ethereum is swapping for $321 per coin. Meanwhile, the precious metals...

BitCoin

07/27/2020

Multiplier Incentivises Yield Farmers with MXX Tokens

Bitcoin Press Release: Multiplier platform will officially launch the minting of MXX tokens on its platform on the 29th of July, 2020. 27th July, 2020, Switzerland – MXX tokens are designed to balance liquidity for depositors and lenders through alg...

BitCoin

07/27/2020

3iq Files IPO for Ether Fund to Trade on Canadian Stock Exchange

3iq has filed for an initial public offering (IPO) of its Ether Fund in Canada. The Canadian fund manager’s Bitcoin Fund is already trading on the Toronto Stock Exchange. The Ether Fund has been preliminarily green-lighted by a Canadian regulator. E...

BitCoin

07/27/2020

Cyclebit Empowers Retailers to Accept Crypto Payments In-Store, Online and On-The-Go

Cyclebit is a crypto payment processor that allows merchants to easily accept digital assets payments anywhere, in both offline and online environments. It is a global company already established in Canada, the U.S., Europe, and Southeast Asia. Cyclebit c...

BitCoin

07/27/2020

Live-Streaming Service Twitch Gives Subscribers 10% Discount if They Pay With Cryptocurrency

The live-streaming service Twitch is now offering a 10% subscription discount for people who register with cryptocurrency. The new offer from Twitch leverages the Bitpay payment processor, as this is the first crypto-based discount promotion from a compan...

BitCoin

07/27/2020

Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil War

Lebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so. With a 462% annual inflation rate and food prices rising by almost 200% this month, Lebanon has joined Venezuela in hyperinflating. Meanwhile, the Lebanese...

BitCoin

07/26/2020

Exploring Decentraland: A Review of the Virtual World Built on Ethereum

During the last two weeks, I’ve been roaming around the virtual world Decentraland in order to get some perspective on the platform supported by the Ethereum Blockchain. The following is a review of my experience in Decentraland and observing all th...

BitCoin

07/26/2020

Market Update: Crypto Cap Nears $300 Billion, BTC Hits $10K, ETH Rallies Hard

The digital currency economy is steadily approaching a $300 billion market capitalization, as a great number of coins have been seeing decent gains. Bitcoin touched a high of $10,135 on July 26, during the early morning trading sessions, but ethereum is o...

BitCoin

07/26/2020

Greatest Chess Grandmaster: Bitcoin Empowers Public and Protects Dissidents

Russian human rights campaigner and chess supremo Gary Kasparov has said that the current economic crisis, which has led to unconventional monetary policy, will drive people towards bitcoin. Bitcoin’s finite supply compares favorably to agenda-drive...

BitCoin

07/25/2020

Greatest Chess Grandmaster: Bitcoin Empowers the Public and Protects Dissidents

Russian human rights campaigner and chess supremo Gary Kasparov has said that the current economic crisis, which has led to unconventional monetary policy, will drive people towards bitcoin. Bitcoin’s finite supply compares favorably to agenda-drive...

BitCoin

07/25/2020

New Coronavirus Relief Package Proposed With Second Round of Stimulus Checks for Americans

Republicans have proposed a new coronavirus relief package with a second round of stimulus check payments, a draft summary of the proposal confirms. According to Treasury Secretary Steven Mnuchin, the new package will be the “exact same proposal as ...

BitCoin

07/25/2020

1,000 People Had Access to Twitter God Mode 130 Accounts Targeted by Hackers

More than 1,000 Twitter employees and contractors reportedly had access to Twitter’s “God mode” earlier this year, before the recent large-scale hack that saw many high-profile accounts tweet about a bitcoin giveaway. Twitter has confirm...

BitCoin

07/25/2020

Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia

Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China. Sources say that the missing mining rigs concern the ongoing power struggle between Bitmain cofounders Jihan Wu and Micree Zhan. Back in mid-June news.Bitco...

BitCoin

07/25/2020

Us Federal Court Ruling Bitcoin Is a Form of Money

A US Federal Court said Friday that bitcoin is a form of money covered under the Washington D.C., Money Transmitters Act (MTA). The court made this conclusion as it denied a motion to dismiss criminal charges against Larry Dean Harmon, the operator of an ...

BitCoin

07/25/2020

How Billion-Dollar Crypto Scams Lure Victims

In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind their murder is unclear....

BitCoin

07/25/2020

Bitcoin Suisse Completes a $48 Million Series A Financing Round

Swiss crypto financial services provider, Bitcoin Suisse completes its first financing round of $ 48 million (CHF 45 million). The completed Series A financing round now has Bitcoin Suisse’s 2019 pro forma equity totaling around $108 million. The fi...

BitCoin

07/24/2020

Despite Stock Market Disaster Predictions, Bitcoin Markets Permeate Bullish Signals

A number of Wall Street veterans like Bear Traps Report author, Larry McDonald, think that markets might see some “disastrous and unimaginable” impacts in the near future. Another seasoned analyst, Larry Williams, believes the S&P 500 wil...

BitCoin

07/24/2020

Veteran Analyst Peter Brandt Scorns XRPs Bag Holder, Compares Ripple to the Fed

Veteran trader Peter Brandt knocked the digital currency XRP on Thursday and compared the crypto token company Ripple to the U.S. Federal Reserve. Brandt said he believes the company behind the coin will double the token supply, and he doesn’t under...

BitCoin

07/24/2020

BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic

While many institutions struggled to recover from the market downturn experienced in March, publicly traded, blockchain focused firm BTCS Inc. (OTCQB: BTCS) has increased its portfolio by 285% in Q2 2020, through well timed investments in both Bitcoin (BT...

BitCoin

07/24/2020

Coinbase Processed $500,000 in Bitcoin Payments That Helped Ex-Nissan Chairman Flee Japan

Coinbase processed $500,000 in bitcoin payments that aided the dramatic escape of former Nissan Motor Co. chairman Carlos Ghosn from Japan, according to Bloomberg. In December, two Americans used a box to smuggle Ghosn out of the Asian country, where he w...

BitCoin

07/24/2020

Crypto Scammers Steal $381 Million in 2020, While Twitter Hackers Direct Funds to Mixers

Cryptocurrency related scams have taken a total of $381 million from victims so far this year. This figure makes crypto scams the largest category of cryptocurrency-related crimes so far in 2020. Chainalysis data still shows current figures are well below...

BitCoin

07/24/2020

Crypto Scammers Steal $381 Million While Twitter Hackers Direct Funds to Mixers

Cryptocurrency related scams have taken a total of $381 million from victims so far this year. This figure makes crypto scams the largest category of cryptocurrency-related crimes so far in 2020. Chainalysis data still shows current figures are well below...

BitCoin

07/24/2020

pNetwork Launches Yield Farming Programme, Steroids

The pNetwork, the decentralised ecosystem backing the cross-chain pTokens solution, has announced the launch of its yield farming programme, Steroids. The programme will run for a period of one month and will award Uniswap liquidity providers with up to 1...

BitCoin

07/24/2020

New Russian Law Bans Bitcoin Payments for Goods and Services

Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third a...

BitCoin

07/24/2020

NBA Point Guard Spencer Dinwiddies Tokenized Contract Raises $1.3 Million

NBA player Spencer Dinwiddie has finished the token sale of his contract that is hosted on the Ethereum blockchain. The sale of Dinwiddie’s tokenized contract raised $1.3 million which was only a tenth of what the project hoped to sell ($13.5 millio...

BitCoin

07/24/2020

2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners

Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world&#8217...

BitCoin

07/24/2020

Crypto Race Heats Up: Bitcoins Dominance Ratio Drops to Lowest Level in 12 Months

The largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last tim...

BitCoin

07/23/2020

US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines

The U.S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of Justice says the man behind this unlicensed bitcoin ATM operation has agreed to plead guilty and is facing up...

BitCoin

07/23/2020

Steve Wozniak Sues Youtube, Google for Promoting Bitcoin Giveaway Scam Youtube Denies Fault

Apple co-founder Steve Wozniak and 17 other victims have sued Youtube and Google for allowing, promoting, and profiting from bitcoin giveaway scams. However, Youtube insists that it is not at fault for scammers using its video-sharing platform for cryptoc...

BitCoin

07/23/2020