bitcoin Cryptocurrency News 

Bitcoin Dying? This Bullish Metric Just Notched a New All-Time High

The number of bitcoin addresses with any balance exceeded its January 2018 high. Even though the metric is not perfect, it provides a rough estimate of bitcoin’s adoption rate. The synchronicity in the growth of this metric and the explosion of dormant bitcoin addresses suggests accumulation. Most people only refer to the price of bitcoin to gauge the health of the top cryptocurrency. If there’s a brutal sell-off, critics are quick to assume that the digital asset is dying. A minor bitcoin rally later, and almost everyone is tweeting about…

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bitcoin Cryptocurrency News 

Bitcoin Surges 10% in 10 Minutes as Shorts Suffer $60 Million Beatdown

Bitcoin rose 10% in less than 10 minutes, causing $60 million worth of shorts to be liquidated. The sudden liquidation of large contracts fueled a spike to $7,800. Technical analysts remain cautious on the short-term trend of bitcoin. The bitcoin price surged 10% in just 10 minutes on Wednesday, lifting BTC as high as $7,800. The move liquidated $60 million worth of shorts on BitMEX in one of the strongest short squeezes in recent months. The bitcoin price jumped as high as $7,800 today. | Source: TradingView Prior to the…

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bitcoin Cryptocurrency News 

Analyst Explains Why Bitcoin Price Could Plummet to $2,020 in 2020

An analyst says bitcoin could crash to $2,000 to $3,000 range as miners sell-off. In December 2018, bitcoin dropped from $6,000 to around $3,000 within weeks. If miners capitulate, they are likely to return after the halving. While many investors expect the dip to $6,600 of bitcoin last week to have been a bottom, one analyst believes the bitcoin price could fall to as low as $2,020 in 2020. This looks bad… The perception of value for #bitcoin exceeded the 2017 mania this year but price did not. A change…

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bitcoin Cryptocurrency News Plan B Timothy Peterson 

Bitcoin Price Could Hit $1 Million on February 1st 2028, New Model Suggests

If bitcoin follows historical trends, it could tip $1 million by February 1st 2028. Based on extrapolating Timothy Peterson’s ‘never look back’ chart which tracks bitcoin’s lower troughs. The chart echoes Plan B’s ‘stock to flow’ model which puts BTC at $1 million near the end of the next decade. Plenty of analysts have predicted a million-dollar bitcoin. But few have targeted such a specific date. By analyzing historical bitcoin price action, however, it’s estimated that BTC could hit $1 million on precisely February 1st, 2018. The million-dollar target has…

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Cryptocurrency News Zclassic 

ZClassic (ZCL) Suddenly Skyrockets Over 60%; Here’s Why

Privacy-centric Zclassic (ZCL) is skyrocketing after its founder Rhett Creighton decided to “put more ZCL in the hands of people.” Rhett Creighton offers 1,000 ZCL to his followers. | Source: Twitter In the last 24 hours, ZCL jumped over 60% to hit a high of $0.45. The bullish momentum appears to be correlated with the increasing network activity this cryptocurrency has seen as more people join Creighton’s campaign. Zclassic is Trending Up Zclassic is a fork of Zcash (ZEC) that uses a zero-knowledge proving scheme. This technology provides the base…

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bitcoin Changpeng Zhao Cryptocurrency News 

Crypto Market Leaders Share Their Worst Banking Experiences

Many of the people working in the cryptocurrency industry had a negative banking experience. Some were prevented from accessing their funds while others lost their accounts. It’s no surprise that many people are working hard to disrupt the banking industry. Many of today’s leaders in the cryptocurrency space were victims of poor banking. To some, the experience was so bad that they are now spearheading the disruption of the banking system. For instance, Changpeng Zhao, chief executive of Binance, shared one negative experience with the Royal Bank of Canada. Changpeng…

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Cryptocurrency News poop token San Francisco 

A Literal Sh*tcoin for San Francisco’s Homelessness Crisis

A blockchain developer has created an appropriately titled sh*tcoin to track poop sightings in San Francisco. Despite its more humorous nature, the project may have some real-world applications. The city’s homelessness crisis remains grim. If ever there was a sh*tcoin that lived up to its name, SF Poop Token would be it. Blockchain developer Hart Lambur has created the first-ever crypto solution to track human poop sightings in San Francisco. The SF Poop Token was conceived at the recent ETHWaterloo event, a hackathon that encourages developers to collaborate in building…

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bitcoin Cryptocurrency News méxico Pemex 

Bitcoin Extortionists Hit Fortune-500 Mexican Oil Giant Pemex for $5 Million

Pemex is required to pay the Bitcoin ransom within two weeks or face paying double after. About 5% of the computers have been affected by the DoppelPaymer software. The oil giant’s billing systems are the most impacted and could lead to delays in paying salaries. The hackers who hit Mexico’s state oil giant Pemex earlier this week with ransomware are demanding hundreds of Bitcoin in order to provide the decryption software. According to Bleeping Computer, the ransomware used to target the Fortune 500 firm is DoppelPaymer. So far Pemex believes…

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bitmain Cryptocurrency News Yang Zuoxing 

Chinese Police Investigate Ex-Bitmain Employee for Bitcoin Miner IP Theft

Yang Zuoxing, CEO at MicroBT, is under investigation by the local police. The investigation is allegedly related to a dispute over Bitmain’s intellectual property rights. Yang nor MircroBT have released an official statement. A former Bitmain employee, Yang Zuoxing, is under investigation by the local police in China. The case appears to be related to a dispute involving the intellectual property rights of the mining giant corporation. Open Investigation According to a report by the Chinese news outlet BlockBeat, Yang Zuoxing, the CEO at MicroBT, has been taken into custody…

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bitcoin Cryptocurrency News Market News Opinion ray dalio 

Ray Dalio Says ‘World Has Gone Mad’ and Bitcoin Crowd Cheers

Ray Dalio is making many friends in the crypto community after sounding the alarm about the perilous conditions in the financial system. In a post entitled “The World Has Gone Mad and the System Is Broken,” the billionaire hedge fund manager outlines why something has to give amid unsustainable circumstances comprised of free money, government deficits,  underfunded pension and healthcare systems, and a rising wealth gap. Dalio mentions bitcoin zero times. But he strikes the right chords with themes such as the Fed printing money and the threat of “three…

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