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These Videos Will Make You​ Believe in Crypto Adoption Boom

Even the longest journey begins with a small step. And cryptocurrencies are proving it. The conventional public notion about these nascent assets is impoverished. It is due to their access to the one side of the story, which portrays cryptocurrencies as tools to launder money, purchase banned drugs online, and finance terrorists. However, the other…

How Erlay Maintains Bitcoin’s Long-term Bullish Aspects

Bitcoin core developer Greg Maxwell recently published the whitepaper of Erlay, a transaction relay protocol aimed at reducing the amount of bandwidth utilized by the bitcoin nodes by almost 84 percent. Co-authored by Gleb Naumenko and Pieter Wuille, the paper discussed how nodes in the current Bitcoin protocol relay Transaction IDs to all its peers. Sometimes,…

Warning! This Android App May Steal Bitcoin from Your Smartphone

Bitcoin wallet addresses do not appear to be something that one can learn and type manually – like a bank account number. They are a long string of random characters which users prefer to copy-and-paste whenever they want to initiate/request money transfer. At the same time, it is evident that not many looks into those…

Demonetization Didn’t Lead Indian Tax Defaulters to Bitcoin: Report

Bitcoin was not the Indian tax defaulters’ prime haven during the 2016’s demonetization, indicated an old TOI report. The news agency quoted officials from the Reserve Bank of India (RBI), admitting that people didn’t hide their black money in cash. Instead, they chose real estate and gold. The officials noted that that RBI received almost 99% of…

Large Bitcoin Corrections Do Not End Bull Rally: Former Google Engineer

Several market analysts anticipated an extended massive downside correction in the Bitcoin market after the asset surged by more than 235 percent in the second quarter of 2019. Seasoned trader Peter Brandt said on May 27 that he expects a majority of sold-out bulls to capitulate. Market analyst Walter Wyckoff too predicted bitcoin at $5,800 soon,…

Bitcoin Price Now 30% Down from 2019 High

The price of bitcoin on Tuesday was almost 30 percent down from its year-to-date peak of $13,868.44. The BTC/USD exchange rate established a new intraday low at $9822.59, down 9.46 percent according to CoinStats’ cryptocurrency portfolio management app. The move downward brought the bitcoin’s market capitalization to circa $174.15 billion. At its 30-day high, the…

US Stockbroker Puts Gold above Bitcoin against Gloomy US Economy

Rival assets bitcoin and gold are rising in tandem against a weaker US dollar. But, according to Peter Schiff of Euro Pacific Capital Inc., gold has a better probability of holding its gains. The chief global strategist said on Monday that gold is rising as a haven asset, while bitcoin is merely behaving like a speculative…

Analysis: Bitcoin Price Expects to Rise on Monday

The price of bitcoin has gone down by 8.27 percent in the previous twenty-four hours, according to data provided CoinStats’ crypto portfolio tracker. The BTC/USD instrument on Monday fell as low as $10,866.9 during the early Asian session. The pair later attempted a small upside recovery but that, too, came on low volumes. The move…

Craig Wright Cannot Prove He Created Bitcoin

Whether or not Craig Wright is the original creator of bitcoin would remain a mystery. The Australian scientist today appeared in a federal court hearing in West Palm Beach, Florida, defending himself against accusations that he stole bitcoins and intellectual property from a deceased business colleague. The case could potentially help determine whether or not…