|Day's Range||8,600.267 - 8,687.747|
|52 Week Range||3,391.02 - 13,796.49|
|Volume (24hr) All Currencies||22.99B|
Tighter EU laws governing cryptocurrency will lead to wider Bitcoin adoption, claims the CEO of established UK crypto exchange Coinfloor. This month, the European Union implemented a new law – known as the EU Fifth Anti-Money Laundering Directive (5AMLD) – which requires cryptocurrency platforms and wallet providers to identify their customers for anti-money laundering purposes. The UK has decided to implement the law despite its decision to leave the EU. Coinfloor CEO Obi Nwosu says tighter EU and UK Financial Conduct Authority (FCA) regulations will increase confidence among consumers. He told Coin Rivet: “Clearer regulation is a going to be a good thing for the UK and EU. It will bring more certainty for users, service providers like us, andThe post ‘Regulation will see Bitcoin go mainstream in the UK’ – Coinfloor CEO appeared first on Coin Rivet.
Billionaire investor Ray Dalio, who is the founder of the world’s largest hedge fund Bridgewater Associates, is not a fan of bitcoin. Dalio believes bitcoin doesn’t serve purposes of money. “There’s two purposes of money, a medium of exchange and a store hold of wealth, and bitcoin is not effective in either of those cases […]The post Bitcoin is ‘not effective’ to serve purposes of money, says billionaire investor Ray Dalio appeared first on The Block.
Martin Lewis, financial journalist and founder of hugely popular personal finance site MoneySavingExpert.com, has had his likeness used by scammers for fake Bitcoin adverts. Taking to Twitter to express his outrage, Lewis warned followers that his image is being used by Bitcoin scammers in an attempt to defraud vulnerable victims. Lewis shared a screenshot of one of the scam ads, shown above, which appears to show his likeness alongside the headline “Martin Lewis lends a hand to British families with Bitcoin Future”. The scam ad, which takes the form of a legitimate-looking advertorial circulated via email, goes on to state that Brits are making up to £450 a day from the Bitcoin scheme, leading to many "quitting their jobs". BeThe post Money Saving Expert founder Martin Lewis targeted by Bitcoin scammers appeared first on Coin Rivet.
Blockchain payments processor BitPay has added support for XRP, the world’s third-largest cryptocurrency by market capitalization. XRP has been integrated on BitPay's platform via Ripple’s open developer platform, Xpring. The two companies first partnered on the initiative in October. At the time, Sean Rolland, BitPay’s director of product, said that XRP can offer a payment […]The post BitPay adds support for XRP appeared first on The Block.
It could be a choppy day ahead for the majors, as they give up early morning highs… A move back through Tuesday’s highs by late morning would signal a breakout.
Square Crypto, the crypto initiative begun by payment company Square, has unveiled a developer kit for bitcoin's Lightning network. The post Square Crypto unveils its first product: a developer kit for the Lightning network appeared first on The Block.
BTCPay has released a new desktop application – BTCPay Vault – to integrate user hardware wallets into its system and allow more users to take advantage of its full Bitcoin node. Established in 2017, BTCPay is a self-hosted, open-source bitcoin payments processor. According to an official blog post, the platform does not store private keys […]The post Self-hosted bitcoin payments processor BTCPay launches new 'Vault' desktop app appeared first on The Block.
Bitcoin has been accused many times in the recent past of lacking innovation and quality developers working on its core protocol. However, if you look at what's going on under the hood, you'll see a great deal of exciting new features have been added over the last few years, with even more scheduled for this year. For example, last year, blockchain technology company Blockstream released Miniscript, a new scripting compiler for Bitcoin that aims to improve its programmability without compromising security. Recent technology proposals include Schnorr signatures (a new signature scheme), MAST (a brand new Merkle tree data structure), and Taproot, which offers a way to allow all participants to agree on an outcome and sign off on a settlementThe post Bitcoin technology: What's coming in 2020? appeared first on Coin Rivet.
Crypto asset manager Grayscale’s Bitcoin Trust has been officially registered as a Securities and Exchange Commission (SEC) reporting company. As previously reported, the New York-based firm filed a registration statement on Form 10 with the SEC in Nov. 2019 on behalf of its Grayscale Bitcoin Trust (GBTC). It has been over 60 days after the […]The post Grayscale's Bitcoin Trust is now registered with the SEC as reporting company appeared first on The Block.
The highly anticipated Bitcoin halving will take place later this year, with several analysts predicting that it could spur another cryptocurrency bull market. Roughly every four years, or every 210,000 blocks, Bitcoin undergoes a block reward halving, which means the reward for miners who add new blocks to the Bitcoin blockchain gets cut in half. The first halving happened in 2012. One year later, Bitcoin reached a new all-time high. The second halving came in 2016, with Bitcoin famously surging to a $20,000 all-time high in December 2017. Cryptocurrency mining is a very energy-intensive and expensive process, with electricity, insurance, and equipment all demanding a hefty initial and ongoing cost. Many believe that when the block reward is slashed, BitcoinThe post Will the Bitcoin halving spur a bull market? appeared first on Coin Rivet.
New Zealand-based blockchain data and research firm Brave New Coin (BNC) has launched a new metric for bitcoin. Dubbed “Twitter Sentiment,” the metric analyzes over 34 million bitcoin-related tweets every week, BNC announced Monday. The firm uses Artificial Intelligence (AI) algorithms that search for tweets containing words such as bitcoin, $BTC and BTC, among others. […]The post Bitcoin’s ‘Twitter sentiment’ data gets rolled out by a blockchain data firm appeared first on The Block.
Interest in the Bitcoin blockchain's ability to process hugely valuable BTC transfers for negligible transaction fees has been renewed recently after it emerged several multi-million dollar transactions have been processed for less than a dollar. The latest of these transactions, which totals almost $450 million, occurred yesterday for a tiny fee of $0.25. The origin or recipient of the BTC is unknown at this point. Twitter account ‘Bitcoin Block Bot’ alerted Bitcoin users that 51,511 BTC, worth around $445 million, had been moved on the blockchain on January 19. Whale alert! 🐋 Someone moved 51,511 BTC ($445M) in block 613,644 https://t.co/ykVCeXiTBl -- Bitcoin Block Bot (@BtcBlockBot) January 20, 2020 Users immediately noted the low transaction fee, comparing it to theThe post $445 million in Bitcoin transferred for just $0.25 appeared first on Coin Rivet.
It’s a mixed start to the day. Steering clear of key levels through the morning would support a breakout later in the day.
Peter Schiff, founder of the SchiffGold precious metals brokerage, has caused controversy among crypto enthusiasts after claiming that Bitcoin as a monetary system is broken. Schiff tweeted on Sunday that he has lost all his Bitcoin as his crypto wallet is "corrupted". Schiff claims his BTC is now intrinsically worthless and has no market value. However, the real blow to the Bitcoin community came when Schiff commented: “I knew owning Bitcoin was a bad idea, I just never realized it was this bad!” Erik Voorhees, long-time Bitcoin supporter and CEO of crypto exchange ShapeShift, gifted the Bitcoin to Schiff in 2018, worth $50 at the time. However, Voorhees claims that Schiff has simply forgotten the password to his wallet andThe post Peter Schiff blames blockchain after losing access to Bitcoin wallet appeared first on Coin Rivet.
With the recent explosion in price of top altcoins such as Bitcoin Cash and Bitcoin SV, investors and traders have started asking about the next altcoin season and how to take advantage of it. At the end of the day, cryptocurrencies are a highly speculative asset class which can increase and decrease in price at any given moment. Volatility is king in the altcoin market, but this volatility is a great way to increase your holdings and potentially make some good profits. In this article, I will discuss three reasons why you should take advantage of the upcoming altcoin season and some techniques you could try out. As always, the views in this article should not be considered financial advisement.The post Three reasons why you should take advantage of altcoin season appeared first on Coin Rivet.
Bitcoin (BTC) is currently trading at around $8,635 following a 4% drop in price over the last 24 hours. However, the price of BTC is still up over 6% since last Monday. Bitcoin momentarily traded above $9,000 over the weekend before dropping 7% within the space of a minute. Since then, Bitcoin has rebounded with a 2.5% bounce to the upside, which reiterates the bullish sentiment surrounding the digital asset ahead of this summer’s halving event. Bitcoin now seems to be consolidating above $8,500 and getting ready for another shot at the $8,830 level of resistance. Let's take a look at Bitcoin's chart, courtesy of TradingView. Bitcoin has been climbing upwards since the start of the new year, breaking through allThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
It’s a cautious start to the week after last week’s rally. A move back through to key levels by late morning would support an afternoon rally.
It’s back into the red at the start of the day. A move through key levels by late morning would support another breakout later today.
The Brazilian Securities and Exchange Commission (CVM) has announced the launch of a new regulatory sandbox containing specific guidelines for cryptocurrency and digital token issuance. The news comes after the country's regulator stated at the end of last year that the implementation of blockchain technology is a top priority for 2020. Brazilian CVM regulatory sandbox The CVM's regulatory sandbox acts as a testing environment for fintech and other companies to issue tokens or cryptocurrencies within a regulated environment. According to the regulator's website, the initiative is "a response to the changes that are happening in the capital market that have driven the emergence of new business models with technologies such as DLT and blockchain". In addition to the sandbox, theThe post Brazilian CVM to launch cryptocurrency regulatory sandbox appeared first on Coin Rivet.