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Forking cryptocurrencies, usually Bitcoin or one of its offshoots, was all the rage 12 months ago. Today, the spate of new forks has dwindled to a trickle. With the benefit of hindsight, and armed with over a year’s worth of data, it’s possible to determine which forks succeeded and why. Also read: Six New and Improved […]
The post A Snapshot of Cryptocurrency Forks Shows the Biggest Winners and Losers appeared first on Bitcoin News.
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While the second half of May has been burdened by a sustained downtrend, today’s price movements could be seen as a spark for a reversal. After reaching initials lows earlier in the day of just above US$7,000, Bitcoin saw a huge jump to above $7,400, and is continually inching higher. If things play out well, this could lead to a summer frenzy, similar to was witnessed at this time last year. In the month of April, Bitcoin saw an almost 50% growth- from lows of US$6,600 to local highs above $9,600. While this was a strong indication that the bearPowered by WPeMatico
Bitcoin forks are invariably contentious, but the latest batch could be the most controversial yet. Bitcoin Prime and Anonymous Bitcoin have been labeled as shameless cash grabs that are little more than pump and dumps orchestrated by opportunistic developers. The projects’ architects of these schemes, naturally, have hit back. Also read: Forget Emojis – Bitcoin Sentiment […]
The post The Most Controversial Bitcoin Forks Yet Are Coming appeared first on Bitcoin News.
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When Fundstrat Global speaks, the crypto world listens. In recent months it has been a steady font of good news for the ecosystem, with five figure price calls to predicting a very bright future, a crypto future. Resident guru Thomas Lee more-or-less foretold the current after tax season spike in prices when many others were […]
The post Bitcoin’s Near Term Fortunes: “Inflows of Big Money,” New Indices Emerge appeared first on Bitcoin News.
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Even though some of the cryptocurrency markets are dipping in the red right now, the overall uptrend is still intact. Over the past 24 hours, we have seen the Bitcoin Private price going up even further, despite a very solid uptrend for most of last week. Right now, one BTCP is valued at just over $56. Bitcoin Private Price Trend Continues Even though it remains unclear why people are effectively buying Bitcoin Private other than for speculative purposes, the value of BTCP continues to rise as we speak. After a very solid week last week, it seems the uptrend isPowered by WPeMatico
Most altcoins tend to ride Bitcoins coattails a bit when the world’s leading cryptocurrency rises in value. This concept also applies to most currencies which “forked” off Bitcoin in the past few months. The Bitcoin Private price, for example, is trying to surge but still fails to gain any real traction. Despite the neglectable trading volume, the Bitcoin Private price is going through solid upward momentum. Bitcoin Private Price Gets a Blatant Pump Even though some people are convinced Bitcoin Private is the superior version of Bitcoin on the market today, most people consider it as just another altcoin whichPowered by WPeMatico
While the cryptocurrency world is not immune to pump-and-dump schemes, it is evident some currencies tend to go up in value for no apparent reason. As of right now, the Bitcoin Private price is getting a massive pump, even though the currency has no real purpose as of right now. With a value of $31.37. it remains to be seen how high the BTCP price can go in the coming hours and days. Bitcoin Private Price Pump Intensifies It is good to see all of the top cryptocurrencies not some big gains in the past 24 hours. Although there isPowered by WPeMatico
Just hours after short positions on Bitcoin eclipsed longs, and as BTC shorts volume reached an all-time high, Bitcoin saw an explosion, appreciating over US$900 in under an hour, a growth of 13%. Since the pump, global cryptocurrency markets have risen over 10%, to just under US$300 billion. Speculators overwhelmingly agree that the cause for such a price movement was a textbook short squeeze. A short squeeze occurs when a sharp price movement forces the liquidation of short contracts, causing each losing trade to market buy their position. As a result, these market buys further push the price upwards, causingPowered by WPeMatico
In today’s edition of Bitcoin in Brief, there’s a lot to chew over. The crypto-coaster dazes Asian millennials, Kucoin asks some awkward questions, everyone wants to own an exchange, and why do so many bitcoiners get busted in Bangkok? Also read: Bitcoin in Brief Wednesday: Satoshi’s Millions and the Price of Publicity Kucoin Has a Question […]
The post Bitcoin in Brief Thursday: Busted in Bangkok appeared first on Bitcoin News.
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In less than six hours, zclassic will fork to create bitcoin private, a new privacy-oriented coin that uses zk-snarks to obfuscate transactions. Holders of bitcoin and zclassic will both be eligible to receive bitcoin private (BTCP) on a 1:1 basis. There’s just one problem: 93% of all zlcassic (ZCL) is on Bittrex exchange, which until […]
The post Forking Today: Bittrex’ Stance on Bitcoin Private Angers Zclassic Bagholders appeared first on Bitcoin News.
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