Bitcoin could be boosted by the current political unrest Hong Kong as the upper and middle classes are reportedly starting to move their assets offshore. Hong Kong Begins Moving Wealth Offshore Fears over the hated extradition bill, whose introduction the Hong Kong government has only suspended but declined to withdraw, are causing the wealthy to start moving their capital from Hong Kong to offshore. People in Hong Kong vehemently oppose a proposed bill, which would give authorities the power to deport those suspected of crimes to mainland China. In protest,…
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Markets Update: Crypto Prices Surge After Last Week’s Pullback
Digital currency markets have regained some of the losses they endured last week, with the entire cryptoconomy now valued at $275 billion this Saturday. Most cryptocurrencies are up in value between 2-8% today but global trade volumes have tapered off with only $63 billion swapped in the last 24 hours. Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading Digital Asset Markets See Fresh Gains Cryptocurrency markets have been all over the place lately, giving enthusiasts and traders constant surprises. Most markets have seen decent gains after…
Read MoreFacebook’s ‘Silicon Valley Coin’ Is A Leap Towards Surveillance Capitalism
The full list of partners working with Facebook to host its new crypto stablecoin has gone public – and already sparked fears of mass data collection. Facebook Crypto Nets Giants Of User Data Published by cryptocurrency news outlet The Block June 14, the partners for the project variously dubbed ‘Libra’ and ‘Facebook Coin’ make for revealing reading. We know that Facebook is charging $10 million to run nodes for its cryptocurrency. Bitcoinist even uncovered a few who’d paid it. So I’m launching a revolutionary new ‘currency for the internet’. Who…
Read MorePiixpay Lets You Pay Bills and Invoices With Cryptocurrency
If you need to regularly cover fiat payments but prefer to use your digital assets, a platform like Piixpay can be very helpful. The payment provider allows you to use cryptocurrencies to pay invoices, bills and make other recurring payments to recipients that still accept only traditional money. Also read: Bounty.Cash Pairs Projects With Developers Finding Solutions for BCH Spend Bitcoin Cash, Make Fiat Payments To initiate a new payment with Piixpay you have to provide the beneficiary’s name and Iban number. You are required to enter the exact amount…
Read MoreBitcoin Bulls Are Running Again – Is $9,000 The Weekend Target?
After over a week of consolidation, bitcoin price has started to move again as we enter the weekend. Many had anticipated a selloff and larger correction, which still may come, but at the moment the bulls are back in play as BTC breaks resistance. BTC/USD Breaks Resistance From an intraday low of around $8,200, bitcoin price shifted gear and broke this resistance level to push to a high of $8,730 a few hours ago during early Asian trading. The 6% gain has had the usual effect of lifting most of…
Read MoreHow to Stay Safe When Using Darknet Markets
If you’re planning to visit a darknet market, you’re either keen to window shop or keen to sample the wares. Whatever your reasons for stopping by, that’s your business and no one else’s. Unfortunately, not everyone shares those civilized ideals. To keep those spoilsports at bay, here’s how to browse darknet markets (DNMs) without leaving a trace. Also read: New SLP Token Allows You to Transact in BTC But With BCH Fees Step 1: Don’t Sweat It If your interest in darknet market extends to becoming a vendor, this guide…
Read MoreBloomberg: Bitcoin Price May Hit $400K Due to Fundamentals, Not FOMO
Bitcoin’s improving fundamentals and the arrival of institutional investors could impact the volatility and price action of future rallies and corrections. The Nature of Bitcoin Rallies will Change Aaron Brown, the author of a recently published op-ed in Bloomberg, believes that the next sustained Bitcoin rally could be more measured as it will be propelled by fundamentals and global financial events rather than FOMO. According to Brown, the boom and bust nature of the cryptocurrency market is not likely to change immediately and if future price action mirrors previous bull…
Read MoreNew SLP Token Allows You to Transact in BTC But With BCH Fees
There’s a new Simple Ledger Protocol (SLP) based token called BTC2 that’s backed 1:1 with BTC. People can obtain the BTC2 token using cryptocurrency swapping application Sideshift.ai. With BTC2, you can essentially transact BTC, but with the same network fee (less than a penny) as bitcoin cash transactions. Also read: Meet the Developer Who Added Schnorr Signatures to Bcash Introducing BTC2: Where Store of Value meets Medium of Exchange In January, news.Bitcoin.com reported on the launch of Sideshift.ai, an application that allows users to swap cryptocurrencies between chains. Sideshift AI…
Read MoreJack Dorsey: Bitcoin Is Our One Opportunity to ‘Align the World’
Twitter and Square CEO Jack Dorsey has repeated his belief that only Bitcoin will become the global currency of the internet. Bitcoin Can ‘Align’ The World Speaking in an interview with Quartz on June 14, Dorsey, who has made a name for himself as a Bitcoin advocate, said that the world was in a unique position to change the financial system. Blockchain-based cryptocurrency, he said, would be that change. “This is our one opportunity to align every community, and every country, around the world, which I think provides a lot…
Read MoreMeet the Developer Who Added Schnorr Signatures to Bcash
This week news.Bitcoin.com spoke with Jonathan Gonzalez, the blockchain developer who is currently maintaining the Bcash project, a Bitcoin Cash full node written in node.js. Gonzalez explained how he got into Bitcoin Cash development and how he managed to get the Bcash node fully compatible with last May’s fork, which introduced Schnorr signatures to the main chain. Also read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash Schnorr Signatures and Bcash The Bitcoin Cash (BCH) network has a variety of full node implementations that are developed by different…
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