After swiftly gaining 10.7% in less than 24-hours, Bitcoin reached a new 2019 high and is a mere $1,200 away from the all-important $10,000 valuation. Bitcoin Price: Market Overview Bitcoin 00 hit $8,947 on Coinbase and to date has gained 143%. Current sentiments remain bullish about Bitcoin’s long-term prospects but analysts like Peter Brandt and Josh Rager are calling for a 30%+ pullback before BTC price really winds up and starts to run. BTC-USD 4-Hour Chart As seen by the 4-hour chart, Bitcoin sliced right through the $8,500 and $8,800 resistance after…
Read MoreDay: May 27, 2019
Bitcoin.com’s Local Bitcoin Cash Marketplace Gathers Thousands of Pre-Launch Signups
On June 4, Bitcoin.com is gearing up to launch our peer-to-peer trading platform Local.Bitcoin.com. After the exchange was announced, the public were invited to create their accounts and place orders. So far the exchange has seen a huge swarm of interest, with over 4,500 signups to date. Also read: Bitcoin.com Celebrates 4 Million Wallets Created Local.Bitcoin.com Pre Launch Accounts Surpass 4,500 The development team behind Bitcoin.com’s Local.Bitcoin.com exchange has been very busy getting ready for the platform’s grand opening. In about a week’s time, on June 4, the peer-to-peer trading…
Read MoreHonest Nodes Spoiling a Theft Attempt Is Not a 51% Attack, BCH Devs Detail
A number of Bitcoin Cash detractors and media publications have recently been spreading a false narrative that the BCH network was ‘51% attacked.’ In reality, however, honest nodes used their hashrate to stave off attacker nodes that were attempting to steal funds on the network. Also Read: Massive Growth by P2P Exchange and AT&T Accepting BCH in the Weekly Update From Bitcoin.com BCH Developers Discuss the Recent Upgrade and Dispel the Term ‘51% Attack’ Over the last week, the Bitcoin Cash (BCH) hard fork has been discussed in the context…
Read MoreBitcoin Bull Market Sees South Korea Set Fresh Localbitcoins Trading Record
South Koreans exchanged almost 220 million won ($186,000) worth of Bitcoin on P2P trading platform Localbitcoins the week ending May 25. KRW Third Most-Used Fiat to Buy Bitcoin According to data from Coin Dance, weekly Localbitcoins volume set a new record as more than 217.5 million won ($183,500) worth of Bitcoin switched hands in the seven days to last Saturday. Volumes on the platform had steadily increased throughout the month of May, perhaps somewhat expectedly given the price action throughout the period. Since May 1, Bitcoin price has surged upwards of…
Read MorePR: BitcoinHD Launches New POC Consensus
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. One of the most influential blockchain conferences – Consensus 2019 – has just ended. Leading figures from all over the worlds of business and technology are still discussing the stories that emerged during the event, on the blockchain market, tech development and more. Consensus is the core spirit of blockchain. The Consensus conference…
Read MoreHow to Create a Bitcoin Cash Treasure Hunt
Creating a treasure hunt is a great way to introduce newcomers to the concept of cryptocurrency and to its actual application. It will teach them some of the basics like how a wallet works and give the finders their first few coins. Also Read: Massive Growth by P2P Exchange and AT&T Accepting BCH in the Weekly Update From Bitcoin.com Help New People Discover BCH With a Treasure Hunt Launching a bitcoin cash treasure hunt can be as simple as printing out a paper wallet, topping it up with some BCH,…
Read MoreThe Top 5 Countries Gripped by Bitcoin FOMO Right Now
The naysayers called Bitcoin dead (more than 350 times, to be precise). Veteran investors like Warren Buffet called it a ‘delusion’. Well, tell that to these five countries gripped by FOMO fever right now. Google Searches for Bitcoin Show FOMO in these Countries 1. Brazil As the largest country and economy in South America, conditions for Bitcoin FOMO in Brazil are particularly ripe. And in fact, the land of the samba and caipirinhas recorded a new record level of BTC trading last month at over 100,000 bitcoins in 24 hours.…
Read MoreChina Releases New Crypto Rankings
China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request New Rankings From China The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 12th update of its crypto project rankings Thursday. The number of projects evaluated was unchanged from the previous rankings published…
Read MoreHow Crypto-Based Microfinance Benefits Small Businesses
Starting your own business isn’t easy given the reluctance of banks to grant credit. Gone are the days when a compelling business plan would be enough to have the branch manager shaking your hand and bankrolling your venture. For entrepreneurs in developing nations, where even obtaining a bank account can prove challenging, getting their idea off the ground often calls for non-traditional funding. Crypto-based microfinance is one such solution. Also read: Bitcoin Cash Privacy Has Improved in Leaps and Bounds Unbanked Businesses Are More Common Than You Think The unbanked…
Read MoreBitcoin Hits New Yearly High Over $8,900 – Are Double Digits Imminent?
Following a return to resistance at $8k, Bitcoin price is clearly not ready to correct just yet. A few hours ago during Asian trading, BTC surged to its highest price since May last year. The move has lifted the entire cryptocurrency market up to a ten-month high. Bitcoin Price Pumps 13% Bitcoin (BTC) recorded a high of $8,938 for Bitcoin a couple of hours ago. BTC price 00 has not been at this price since early May 2018 according to the trading website. Today’s 13 percent pump has seen the…
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