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Posts published in “Cryptocurrencies”

Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis)

This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day? Bitcoin Price Market Overview Bitcoin  spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it briefly

The post Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis) appeared first on Bitcoinist.com.

South Korea Allocates One Trillion Won for Blockchain Technology in 2019

South Korea is showing a greater interest towards the field of cryptocurrencies, budgeting upwards of one trillion won (around $880 million) for the fields of blockchain technology, AI, and the sharing economy.  South Korea Doubles Investment in Blockchain According to an official press release, South Korea will invest a total of 5 trillion won (around $4.4 billion) in its “Growth Through Innovation” plan. The strategy will fund a total of eight pilot projects, which plan to

The post South Korea Allocates One Trillion Won for Blockchain Technology in 2019 appeared first on Bitcoinist.com.

New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem

New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem

bloXroute Labs and a team of Northwestern University students believe Bitcoin’s biggest problem, scalability, can be solved without affecting its chief virtue — decentralization. Northwestern and bloXroute Labs Are Working to Solve Scalability Issue Critics have always identified the limited number of transactions that Bitcoin’s network can process as its most significant problem. They point out that this is what has prevented Bitcoin from becoming the most effective form of payment in the world. Several

The post New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem appeared first on Bitcoinist.com.

Saudi Arabia Officials Warn that Bitcoin Trading is Illegal

Saudi Arabia

Despite the country’s proactive and seemingly positive approach towards blockchain-based technologies, cryptocurrency trading remains heavily outlawed, officials reiterate. Bitcoin and Other Cryptocurrencies Are Illegal A standing committee, headed by the Capital Market Authority in Saudi Arabia and including representatives of the Ministry of Trade and Investment, the Ministry of Information, and the Saudi Arabian Monetary Agency, issued a formal statement, reaffirming the illegality of trading with Bitcoin and other cryptocurrencies. The warning was released amid

The post Saudi Arabia Officials Warn that Bitcoin Trading is Illegal appeared first on Bitcoinist.com.

Will India Finally See Cryptocurrency Regulations in Place By End of 2018?

Cryptocurrency regulations in India have been a source of uncertainty for the markets since the government’s unprecedented tirade against crypto that began this past April. However, it’s reported that the government is now likely to finalize some common sense regulatory measures starting in late 2018. A finance ministry panel devoted to the issue has found...

The post Will India Finally See Cryptocurrency Regulations in Place By End of 2018? appeared first on NewsBTC.

Bitcoin Price Analysis: Is BTC ‘Tethered’ to USDT?

Waltonchain (WTC) Price Climbs as Company Releases Key Product

After dropping within a hair of $6,000, Bitcoin (BTC) price bounced around in a tight $120 range before mysteriously spiking $400 in just 30 minutes. Was this simply a breakout from consolidating prices, or did Tether (USDT) have something to do with it? Bitcoin Price Market Overview Loads of people believe that Bitcoin , and other cryptocurrencies are being manipulated by cryptocurrency exchanges, whales, and a particular stablecoin that has been implicated in multiple scandals

The post Bitcoin Price Analysis: Is BTC ‘Tethered’ to USDT? appeared first on Bitcoinist.com.

Bitcoin Is a Safe-Haven Asset That Will Improve Finance, New Research Suggests

Bitcoin Is a Safe-Haven Asset That Will Improve Finance, New Research Suggests

Bitcoin and other cryptocurrencies will dramatically increase the effectiveness of the financial industry. Bitcoin is an efficient alternative in countries with unstable economies, according to a study recently published by Infiniti Research. Cryptocurrencies Impact the Financial Industry The rate at which research reports about Bitcoin and other cryptocurrencies are being published is increasing. The latest piece of research comes from Infiniti Research, a provider of market intelligence, entitled “Top 4 Types of Digital Currency and Their

The post Bitcoin Is a Safe-Haven Asset That Will Improve Finance, New Research Suggests appeared first on Bitcoinist.com.

Bitcoin Price Analysis: BTC Needs to Pump Up the Volume

Today Bitcoin price pulled off a minor relief rally, but will the king of cryptocurrencies maintain momentum as volume fades? Bitcoin Price Market Overview This week has been a tough one for cryptocurrencies as the total market capitalization dropped to $228 billion, which is roughly 24% down from the July 27 high of $300 billion and significantly removed from the $830 billion market cap of December 2017. Fortunately, BTC did find sellers as it bounced

The post Bitcoin Price Analysis: BTC Needs to Pump Up the Volume appeared first on Bitcoinist.com.

The World is Experiencing a New Wave of Cryptocurrencies

It is impossible to ignore the signs now. The future of bitcoin and cryptocurrencies looks bright despite current market conditions, and it is being led by their massive adoption by individuals, enterprises and jurisdictions across the world. A New Wave of Cryptocurrencies In a recent interview which was featured on CNBC, Kin-Wai Lau, CEO at...

The post The World is Experiencing a New Wave of Cryptocurrencies appeared first on NewsBTC.

Bitcoin Price Back Over $7,000 on Growing Support From Wall Street

Wall Street Bitcoin ETF

Growing support from Wall Street is encouraging Bitcoin bulls. As a result, big money from financial institutions could soon enter the crypto market. Investing in Digital Gold Bitcoinist reported yesterday that Goldman Sachs is moving to solve Bitcoin’ main obstacle for institutional investors: custody. This comes hot on the heels of other companies like the operator of the New York Stock Exchange (NYSE) and Starbucks looking to get into cryptocurrency with a new digital assets trading platform, dubbed

The post Bitcoin Price Back Over $7,000 on Growing Support From Wall Street appeared first on Bitcoinist.com.

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