Tag: News digest

After a three-month bear market, it looks like the tide is finally turning for cryptoassets. The price of bitcoin has rallied for a second week in a row, by almost 10 percent week-on-week pushing towards the $9,000 mark. The prediction that cryptocurrencies would rally again after U.S. tax day is becoming true. Positive statements regarding an “even-handed approach” for global…

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In the past week, bitcoin investors finally experienced much-needed relief. The price of bitcoin rallied by over 15 percent to close the week above the $8,000 mark for the first time since March 28. Despite Barclays Bank thinking that bitcoin has already reached its peak and Bank of America stating that the supposed bitcoin bubble is bursting, it seems that…

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The much-anticipated G20 talks on global cryptocurrency regulations took place at the beginning of this week in Buenos Aires. The result of these talks was that no immediate regulation will be put in place and that more information on this sector is needed for any global regulations to be put into place. That should happen at the next G20 meeting…

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After declaring independence from Spain, Catalonia has now set its sights on developing a financial structure that would run parallel to the country. Catalan Sovereignty Following a referendum wrought with conflict and allegations that claimed the vote illegal, Catalonia declared its independence from Spain on October 27. Catalan citizens flooded the streets in celebration after only a week earlier they…

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In the past week, the price of bitcoin retracted as news out of China emerged that claims that Chinese lawmakers may ban cryptocurrency exchanges in the same way they put a seemingly temporary ban on initial coin offerings. According to Chinese news outlet Caixin, it is “the end of the virtual currency exchange era.” While cryptocurrency itself is not being…

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The price of Bitcoin exceeded the $5,000 mark for the first time in history on Asian digital currency exchanges on September 2. This new all-time high was subsequently followed by a steep correction down to the $4,500 mark on the same day. Nonetheless, the moment for Bitcoin has never been stronger than now. The crypto correction continued on September 4…

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On August 1, bitcoin experienced a hard fork that created a new version of the cryptocurrency called bitcoin cash. While many community members were concerned about what a hard fork of bitcoin could mean for the digital currency’s value and its ecosystem, it seems that none of the potential doomsday scenarios happened. On the contrary, bitcoin rallied in the days…

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The much anticipated SegWit implementation could be one step closer to reality by the second week of August now that BIP 91 has been signaled by over the 80 percent of hash power needed to lock it in, which means that the Bitcoin blockchain will soon be optimized by 75 percent. Transactions will become cheaper as their size will decrease…

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At the Future of Bitcoin in Arnhem, the alleged Satoshi, Craig Wright, held a furious talk, which was interrupted by emergent eruptions of applause. During his speech, he reignited the block size debate by attacking Core and announced that he would actively fight SegWit. He promised to soon launch a mining pool, with at least 20 percent of the network’s…

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The price of bitcoin took a dive during the week beginning June 12 from its all-time high at $2,997 to its June low at $2,212 after Chinese mining hardware producer Bitmain announced its “contingency plan” against the proposed BIP148 UASF (User-Activated Soft Fork) on August 1, which contains a new hard fork that has been coined UAHF (User-Activated Hard Fork)….

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