Bitcoin Network Now 8 Times More Powerful Than It Was at $20K Price

Bitcoin (BTC) now has more computing power behind its security than ever before, passing another milestone as hash rate reaches an all-time high.  Data from monitoring resource Blockchain confirmed that the Bitcoin network’s total hash rate reached a peak of 79 tera hashes per second (TH/s) on July 20.  Bitcoin network hash rate, courtesy of […]

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A Week of Bitcoin Volatility Expected as BTC Consolidation Prolongs

With a neutrally closing weekly candle traders and analysts are expecting this week to be a little livelier for Bitcoin. The weekend saw a little action but gains could not be maintained as BTC and altcoins fell back into their channels. No Progress Over $11k For Bitcoin Late Saturday/early Sunday saw BTC rise back to […]

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Libra Won’t Launch Until Regulators Are Satisfied

Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied.  Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before it can launch: “You’ve […]

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Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is currently trading in a range below the $290.0B resistance. Bitcoin price is also consolidating above the $10,500 support and is preparing for the next move. BCH price broke the $320 resistance, but it is struggling to gain momentum. EOS price is up around 2% and it recently traded above […]

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Number of Crypto Notables on Buffett Lunch Guest List Grows

Justin Sun, the founder of Tron and winner of the annual auction for a lunch with renowned investor Warren Buffett, has invited more notable figures from the crypto industry to attend.  Earlier today, July 21, Sun invited the founder and CEO of trading platform eToro, Yoni Assia, to the lunch with the chairman and CEO […]

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Don’t Hold Your Breath, Bitcoin to Outperform Altcoins For Now

Despite the fact that Bitcoin is the leading crypto, altcoins — the blanket term given to cryptocurrencies that aren’t BTC — were all the rage in late-2017 and early-2018. In fact, over the course of the bull run from 2016 to early-2018, Bitcoin dominance fell from over 90% to 33% at the bottom. This so-called […]

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Bitcoin Bears Ramp Up Selling Pressure as Weekly Close Looms; Factors & Trends

Bitcoin and the aggregated crypto markets have been facing increased volatility as of late, and following a sharp move towards $11,000 yesterday, BTC has been unable to garner any significant buying pressure and has been drifting lower. Analysts are now noting that Bitcoin’s bears are ramping up the selling pressure, which could result in a […]

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Iran Finalizes Electricity Pricing Scheme for Cryptocurrency Miners

The Iranian Economic Commission has reportedly finalized a tariff scheme for cryptocurrency miners, according to a July 21 report from Iranian economic daily Financial Tribune.  Per the report, Energy Minister Homayoon Ha’eri announced that, while the tariff scheme has been finalized, it is awaiting approval from the Cabinet of Iran — a governmental body consisting […]

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Silver’s Rally May Be Fueled by Concerns About Bitcoin’s Status as a Safe Haven Investment

Bitcoin and the entire cryptocurrency markets have incurred a severe bout of volatility over the past several weeks and months, which has primarily been in favor of the cryptocurrency’s bulls. Lately, Silver has also been incurring some positive price action, and one analyst believes that this has largely been driven by investors increasingly viewing Bitcoin […]

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