Day: April 9, 2019

The blockchain has become something of a buzzword over the past year or so, but that doesn’t mean it isn’t a viable solution for many businesses. In fact, one expert believes the made-famous-by-Bitcoin technology will be used by upwards of 60 percent of companies.  This projection comes from Oracle’s group vice president of blockchain product development, Frank Xiong, who told Forbes CIO Summit that he predicts “between 50% and 60% of companies will use blockchain in the next few years.” Xiong knows what he’s talking about, too, since Oracle has…

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A public opinion poll in Russia has shown that only one-third of people in the country do not think Bitcoin (BTC) is a viable investment. This survey result comes as recent reports claim Russian oligarchs are buying up BTC to bypass US sanctions. One in Three Russians Say Bitcoin is Not Viable The Russian Public Opinion Research Center (VCIOM) on Tuesday (April 9, 2019) released the result of a public opinion poll on Bitcoin conducted in the country. According to the results,  only 36 percent of the 1,600 participants in…

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Bitcoin price may have surged and held above $5000, but the Bitcoin network has passed milestones of its own this week – one involving a much higher number. 400 Million Quietly Ticks Over As Bitcoin price 00 rose rapidly last week, so did network activity, with volume spiking as traders rushed to take advantage of the new volatility. Afterwards, with a bearish retracement still nowhere to be seen, data from monitoring resource Blockchain.com confirmed that Bitcoin handled its 400 millionth transaction April 8. The giant figure comes as more and…

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Now is likely an excellent time to build exposure to Bitcoin as 99.5 percent of the potential market is still untapped, says market researcher Victor Dergunov. ‘This is Very Likely Only The Beginning’ Market researcher at SeekingAlpha, Victor Dergunov, believes now is the time to get into Bitcoin — before it’s too late. After a 15-month long bear market, bitcoin is starting to show signs of bottoming. For one, the BTC/USD price today is trading over 40 percent higher compared to its mid-December yearly lows. Therefore, Dergunov says now could…

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The number of merchants accepting Bitcoin is growing worldwide, but there’s a caveat. The majority of the Bitcoin users don’t want to spend the digital gold, at least not yet. 15K Merchants Accepting BTC worldwide At 14,518 as of April 2019, the number of merchants accepting BTC payments is on the rise, with a large concentration in Europe and the U.S. Bitcoin ATMs doubled in 2018 as well to well over 4,000. These have to be good indicators for mass adoption. Although, as it stands right now, there are few…

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Bitcoin price held steady above $5000 April 9 but one trader remained cautious about trusting the cryptocurrency’s bull run would continue. ‘No Magic Price’ For Ending Bear Market In a tweet Monday, veteran trading guru Tone Vays warned that even though Bitcoin price 00 had managed to maintain support at $5000, its trajectory was more important. He wrote: There is NO magic price that turns a bear trend to a bull trend, it’s about how $BTCUSD gets to a price.  Bitcoin delivered its most successful seven days in more than…

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