Wednesday, 14 November 2018

Tag Archives: Bitcoin

Bitcoin Cash Drops 5%

LONDON: After demonstrating nearly a 50 percent gain within a three-day span, Bitcoin Cash dropped five percent of its value against the US dollar. The volume of Bitcoin Cash, which hovered at around $1.4 billion on November 6, has since dropped to $950 million, by 32 percent. Still, on a ...

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Cryptocurrency bitcoin marks 10 years

LONDON: October 31, 2008 marked the birth of bitcoin. Ten years on, the world’s first cryptocurrency is at the forefront of a complex financial system viewed warily by markets and investors. From its first evocation amid a global financial crisis, in a white paper written by Satoshi Nakamoto, an unknown ...

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Bitcoin Rises to Over $7,000

NEW YORK: Bitcoin’s price soared over the psychological level of $7,000. For most of August, it has been hovering within the $6,000 bracket. Back in July, it rose to over $8,000 for the first time in months. This was following news that the SEC was thinking of approving the first ...

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Bitcoin Dominance Rate Hits 50% in 2018

LONDON: Bitcoin (BTC) now makes up 50 percent of the entire cryptocurrency market capitalization. Shortly past 03:00 UTC on August 11, CoinMarketCap’s bitcoin dominance rate – an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency – reached 50 percent for the first ...

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Bitcoin ends winning July on a sour note

REUTERS: Bitcoin fell 5 percent on Tuesday, briefly hitting a one-week low below $7,700, and marking a poor finish to a strong July when the digital currency increased more than 20 percent. Tuesday’s decline stemmed partly from disappointment over the U.S. Securities and Exchange Commission last week reaffirming an earlier ...

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Mastercard has a patent that could allow bitcoin transactions

NEW YORK: Consumers might one day be able to charge their purchases on their credit cards using bitcoin as a currency. On Tuesday, Mastercard won a patent to protect a method that would manage “fractional reserves of blockchain currency.” At present, Mastercard holders can only pay for things using currency ...

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Bitcoin Gains $600 in One Hour

NEW YORK: Bitcoin (BTC) was drifting at its slightly improved levels of $6,791.52 on Tuesday evening, when in just 40 minutes the prices changed dramatically, sending the coin “back to the moon”. BTC suddenly appreciated by $600, up to $7,386,32, and continues the upward drive. BTC reached $7,453.27 as of ...

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$5.2 Million in Cryptocurrency Seized in EU’s Largest LSD Raid

LONDON: The Deep Web or the “Darknet” gained a lot of notoriety back in 2013 when the United States FBI took down the Internet’s largest online black market and drug trafficking ring known as The Silk Road after an extended manhunt for the site’s libertarian creator, Ross William Ulbricht. Ulbricht, better ...

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Crypto Analyst Believes Bitcoin Could be Nearing Price Bottom

NEW YORK: Many in the cryptocurrency community thought that Bitcoin bottomed at $6,000, as it held over that price level for weeks on end. However, Bitcoin dropped under $5,800 on the weekend, leading some to believe that Bitcoin’s price could move even lower. Brian Kelly, leading cryptocurrency trader and analyst ...

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Bitcoin Price Rebound Above $10,000 by 2019, Analyst Predicts

LONDON: Todd Gordon, founder of TradingAnalysis predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22. Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be ...

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