#Bitcoin News

Bitcoin and Ether Market Update: January 9, 2020

Bitcoin, Ether, and XRP Weekly Market Update November 11, 2019

November 11, 2019 by Georgi Hristov at Bitcoin, Price Analysis, Stablecoins

The total crypto market cap lost $0.3 billion of over the last seven days and now stands at $245.8 billion. The top 10 cryptocurrencies are mostly in green for the same time frame with Stellar (XLM) and EOS (EOS) gaining 13.3 and 8.8 percent respectively. At time of writing bitcoin...

Magnifying Glass Cracking the Libra Coin

FTC Commissioner Urges Federal Reserve to Launch Public Payments System and Block Libra

November 9, 2019 by Ashwath Balakrishnan at Bitcoin

Rohit Chopra, Commissioner of the Federal Trade Commission (FTC), has written an open letter to Federal Reserve chairman Jerome Powell to launch their real-time payments system, FedNow, at the earliest to curb megabank monopolies and private sector abuse, November 7, 2019. Public Sector Curbing Libra It goes without saying that...

FBI Director: Cryptocurrencies Pose Threats to National Security

November 8, 2019 by Anthonia Isichei at Bitcoin

Appearing before a hearing by a U.S. Senate Committee to discuss national security and counterterrorism, the Director of the Federal Bureau of Investigation (FBI), Christopher Wray, replied to concerns about bitcoin and other cryptocurrencies. In the hearing held on November 5, 2019, the FBI Chief stated that cryptocurrencies are already...

Calibra Head Believes Bitcoin is Merely Digital Gold

November 8, 2019 by Anthonia Isichei at Bitcoin

Head of Calibra, the Libra cryptocurrency wallet, David Marcus, stated that bitcoin is a digital equivalent of gold and not to be considered as a currency. Per a report by CNBC on November 6, 2019, the Calibra Chief opined that BTC was not a good medium of exchange. Bitcoin is...

Crypto Adoption May Not Be Mainstream Yet, But Growth is Undeniable

November 7, 2019 by Ashwath Balakrishnan at Bitcoin

If you asked someone in 2013 what the Bitcoin/cryptocurrency ecosystem would look like in 2019, they probably envisaged a future where they procure housing, food, and everything else with seamless cryptocurrency payments. Unfortunately, the market hasn't scaled to this level yet, but as reported by Bloomberg, adoption is growing and is highly...

Bitmain Leadership Crisis Deepens as Ousted Co-founder Threatens Legal Action

November 7, 2019 by Osato Avan-Nomayo at Bitcoin

In the latest salvo in the ongoing saga surrounding Bitmain, ousted co-founder Micree Zhan is threatening to fight back claiming to have been betrayed by his partners. Meanwhile, the Bitcoin mining giant is moving ahead with plans to launch a U.S. IPO. Bitmain Co-founder Threatens War Dovey Wan, founding partner...

Bitcoin and Ethereum Market Update: November 7, 2019

November 7, 2019 by Georgi Hristov at Bitcoin, Price Analysis

Total crypto market cap added $5.4 billion to its value since Monday, November 4 and now stands at $251.8 billion. Top ten coins remained mostly flat for the last 24 hours but we saw Stellar (XLM) and EOS (EOS) loosing 7.1 and 2.5 percent of their values respectively. At the...

Australia: Minister says bad Actors Still Using Cryptocurrency to fuel Terrorism

November 7, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Australian Home Affairs Minister Peter Dutton has offered a stark warning claiming that terrorists are using crypto-currencies to fund their deadly missions, according to a report by SBS on November 7, 2019. Extremists Leveraging Cryptos to Cover Tracks Presenting at a counter-terror conference in Melbourne on November 7, 2019, Dutton...

Hong Kong Cryptocurrency Exchanges to Receive new Regulations

November 6, 2019 by Anthonia Isichei at Bitcoin

The regulatory watchdog in Hong Kong is set to release clear regulations regarding cryptocurrency exchanges in the country. According to a report by Reuters on November 6, 2019, the new set of crypto regulations will center on areas such as know-your-customer (KYC), anti-money laundering, and custody rules. SFC Set to...

Chinese Government Backtracks on Proposal to Ban Crypto Mining

November 6, 2019 by Ashwath Balakrishnan at Bitcoin

China has reversed their stance on cryptocurrency mining within the country, leaving the door open for increased clarity and competition. The Chinese government had previously included "virtual currency mining" on the list of banned items in the Catalogue of Industrial Restructuring Guidelines that will be enforced from January 1, 2020....

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