Bitcoin Price $5,000 Support is Now Critical as Bull-Run Fizzles

Bitcoin price fell off its peak close to $5500 to head towards older $5000 support April 11 after a late fresh surge abruptly ran out of steam. $5500 A Push Too Far Data from cryptocurrency exchange Bitstamp, which provides Bitcoin price data often slightly more conservative than other platforms, shows BTC/USD 00 has dropped below $5200 at press time Thursday. Bitcoin, which experienced a sudden rally of around $1300 last week, has broadly held on to its new gains. Despite news China was intending to outlaw mining, this week saw…

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Xthinner Protocol Tested on BCH Mainnet Shows 99% Block Compression

On April 8, BCH developer Jonathan Toomim revealed how far he’s come with the Xthinner block compression protocol. Toomim tested the platform between two Bitcoin ABC full nodes on the BCH main network and a 363 kB block was compressed down to 1,660 bytes, or 99.54% compression. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’ Xthinner Compression and CTOR in Action The Bitcoin Cash (BCH) community is all about scaling and increasing the block size, but very adding large blocks is just one part…

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Japan Approves 2 New Crypto Exchanges – 140 More Interested

Japan’s top financial regulator has shared with news.Bitcoin.com some stats pertaining to cryptocurrency exchange registrations. Out of 23 new applications the regulator has received, two have been approved so far. In addition, there are over 140 more companies interested in entering the market. Also read: Indian Supreme Court Set to Hear Crypto Case on March 29 Over 140 Companies Interested, 2 Approved so Far The Japanese Financial Services Agency (FSA) approved the applications for two new cryptocurrency exchanges this week — one from Rakuten Wallet Co. Ltd. and the other…

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Bitcoin Mining Faster with Less Energy Says Ex Samsung Senior VP

New ASIC 8nm Bitcoin Mining Machine By NPG

Former Samsung Computer Division Executive Vice President says new ASIC based Bitcoin mining machines will achieve highest hashing power at lowest energy consumption rate. NPG (NextPowerGen Co.Ltd) CEO Houn Soo Kim and his team of top engineers from Samsung Electronics have built high-end servers for Intel, EMC and Sun Microsystems. Now, with full-time employees of 12, NPG is looking to be a major contender in the Bitcoin mining industry. Bitmain, the dominant player in the industry, may be losing its grip as other companies are gaining market share. CoinDesk reported that in…

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Developer Launches Mturk Alternative ‘Taskopus’ Powered by Bitcoin Cash

On March 11, the creators of the Freelanceforcoins platform announced the launch of a new crowdsourcing market called Taskopus. The standalone application is similar to Amazon’s Mechanical Turk marketplace but anyone can participate, payouts are near instantaneous and bitcoin cash (BCH) is used for settlement due to the chain’s low network fees. Also read: Ledger Reveals Physical Exploits Against Trezor Hardware Wallets Meet Taskopus, the Mturk Alternative News.Bitcoin.com recently reported on the newly created Freelanceforcoins. This Monday the lead developer of the platform announced a new alternative to Amazon’s Mechanical…

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Wall Street Doesn’t Want Private Keys So We Got Rid of Them, Says Crypto Startup

Cryptography company Curve revealed its Institutional Digital Asset Wallet Service today, which aims to provide financial institutions and enterprises with a storage solution that makes their cryptocurrencies and digital assets instantly available — while also providing total autonomy and eliminating the need for private keys.  Curv claims that it is eliminating the need for somewhat-complicated private key access to institutional players looking to add cryptocurrencies and digital assets to their portfolios. The company says it is doing this via “a simple, distributed way to secure and sign transactions.” More specifically, Curv…

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Bitcoin Cash-Focused Ifwallet Implements Cash Accounts Name System 

Last month, on the 10th anniversary of the Bitcoin genesis block, Bitcoin Cash (BCH) developer Jonathan Silverblood launched his Cashaccount.info platform. The Cash Accounts platform allows users to tether human-readable names to BCH addresses in order to make payments easier. Now the Chinese BCH light client Ifwallet has become the first public wallet with Cash Accounts sending support. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Ifwallet and Cash Accounts Bitcoin addresses are long strings of numbers and letters, a format that to some users…

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Crypto Exchange Globitex Launches Banking Solution With Instant Transfers

Cryptocurrency exchange Globitex has launched a new service called the Euro Wallet which allows users to make and receive euro payments in their personal IBAN accounts like any other European bank account. The company claims that this service is a solution to banks closing accounts of crypto businesses. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Globitex’s Banking Solutions European cryptocurrency exchange Globitex announced on Wednesday the launch of its new service called the Euro Wallet. The company is co-founded by early bitcoin adopter and former…

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Arwen Enables Self-Custody for Traders of Centralized Crypto Exchanges

Centralized exchanges are a common security concern in the cryptocurrency ecosystem. As a single point of failure they can be strong-armed by governments, routinely targeted by hackers, or operators could pull an exit scam and elope with client funds. Despite these risks, they dominate cryptocurrency trading volumes. A new solution promises to enable trade to use centralized exchanges but without handing over control of coins to them. Also Read: Belarus’ Largest Bank May Establish a Cryptocurrency Exchange Not Your Keys, Not Your Coins Boston-based startup Arwen (formerly Commonwealth Crypto) announced on…

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Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access to its own wealth is a concept that’s hard for bitcoiners to countenance. One thing is certain: the case for storing wealth in censorship-resistant cryptocurrency is becoming stronger. Also Read: Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’ How the Venezuelan Political Situation Escalated In order to understand the Bank of…

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