|Day's Range||9,045.47 - 9,210.39|
|52 Week Range||3,169.53 - 9,468.85|
|Volume (24hr) All Currencies||2.42B|
Facebook’s ambitious cryptocurrency project ‘Calibra’ comes as the social media behemoth continues to face scrutiny about data privacy.
It’s back into the green for the majors. A hold onto key levels and a move by late morning would support the recovery of Tuesday’s losses.
The Bitcoin rally is in full swing and prices are heading higher. Read on to find out what’s driving the rally and how high it may go.
Over the past week, the benchmark cryptocurrency increased by more than 15%. At the moment, BTC is trading around $9250, confidently stepping over the threshold $9000.
The recently launched FiatMarketCap.com lets you imagine a future where Bitcoin is the de facto global store of value. The new go-to tracker "monitors fiat currency market caps in BTC" using measures like the M2 or M3 money supply of nation-state currencies. The different bands of money supply are typically classified as "Ms". The "Ms" usually range from M0 (the narrowest) to M3 as the broadest classification of total money supply for fiat currencies. Launched website to monitor fiat currency market caps in BTC:https://t.co/U5LilHjxSB This will be an ongoing exercise tracking Bitcoin's rise against major fiat currencies. -- FiatMarketCap (@fiatmarketcap) June 13, 2019 What types of assets are classified into each band of money supply tend to differ according toThe post You can now measure fiat market caps against Bitcoin appeared first on Coin Rivet.
Facebook has today announced its new cryptocurrency and has revealed that its "ambition is for the Libra network to become permissionless". The Libra network website claims that a key distinction in the blockchain space is the one between permissioned systems, "in which only a defined set of entities can shape consensus and governance", and permissionless systems, "where anyone that follows the rules of the protocol and contributes the right types of resources" has a say. The team said that the distinction is important "not only from a technical perspective, but also from an economic one". What's the difference? The Libra team described how permissionless systems have "low barriers to entry and innovation" and can be "resistant to censorship attacks". ThisThe post Facebook's new Libra cryptocurrency aiming for 'permissionless consensus' appeared first on Coin Rivet.
Bitcoin was the talk across financial markets on Monday after shooting past the $9200 mark for the first time since May 2018.
Speaking on stage at the London CryptoCompare conference last week, Thomas Lee claimed that the size of the global crypto community may be only half a million people. Lee believes that “crypto is a lot smaller” than most people think. He said that although most people seem to agree that crypto is a “1.9 million user market”, he thinks that there are closer to “500,000 people in the world that own crypto”. Bullish $crypto twitter is way better than during the bear market. -- Emptybeerbottle (@Fullbeerbottle) June 16, 2019 The Fundstrat Global analyst said that “one way to measure this is to look at crypto Twitter”. He said that a “huge number of followers on crypto Twitter is generally around 100,000”,The post Thomas Lee thinks the crypto community is a lot smaller than people think appeared first on Coin Rivet.
At the time of writing, the positive momentum in the cryptocurrency markets is still present. Bitcoin is well on the way to $10,000, and that means we can expect some altcoins to pump higher as well. Bitcoin has broken past the $6,000, $7,000, and $8,000 levels with ease. Since then, we touched the $9,000 level for a brief moment before returning to the $8,500 area soon after. However, over this past weekend, BTC was able to break the $9,000 level again and remain above it, finding support near $9,100. We can't forget Bitcoin is an uncorrelated asset that is helping investors dodge economic and geopolitical risks in the form of trade wars, sluggish GDP growth, and what appears to beThe post Cryptocurrency market update: Bitcoin continues to rise appeared first on Coin Rivet.
Binance, one of the largest cryptocurrency exchanges by volume, is issuing a bitcoin-backed token, the firm announced in a blog post on Monday.The post Binance launches bitcoin-pegged token on Binance Chain appeared first on The Block.
Andreas Antonopoulos doesn't have much hope for the decentralisation claims of the upcoming Facebook cryptocurrency, but he does think that it may be the first in a new wave of Silicon Valley coins set to directly compete against an established set of incumbent banking giants. Speaking to a packed house at the recent London Coinscrum meetup, the open source advocate hypothesised that Facebook may be planning "an open network where anyone can join", but soon the company is going to run into a couple of legal constraints. Antonopoulos mocked the true intentions of the social media platform, saying: "If they can build a truly decentralised and permissionless coin, then I will join the board of directors." Can't wait for aThe post Andreas Antonopoulos believes banks are about to 'lose a whole generation of customers' appeared first on Coin Rivet.
At the time of writing, Bitcoin (BTC) is trading close to $9,200 after price spiked during the weekend, climbing 18% from $7,800 to $9,250 in just a couple of hours. It seems the hypothesis that weekends are good for Bitcoin is indeed true. But will Bitcoin maintain its weekend gains during the next few days? Bitcoin/USD Bitcoin experienced a major rally that took its price upwards close to 18% over the weekend. Afterwards, price pulled back closer to its new support level at around $8,800. At the moment, the market is moving upwards with higher lows each time it falls, meaning we should expect BTC to continue its climb towards $10,000 - which in my opinion might come within theThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
Bitcoin has a carbon footprint equal to that of Las Vegas, according to scientists. Boffins at the Technical University of Munich (TUM) have figured out that the world’s most dominant cryptocurrency is responsible for pumping out around 22 megatons of carbon dioxide every year – the same amount as the infamous US home of 24-hour casinos. Researchers at TUM analysed masses of data such as the IP addresses of Bitcoin ‘miners’ who eat up vast amounts of electricity to harvest pieces of the cryptocurrency. Miners set their machines up to solve various mathematical conundrums in order to execute transactions to be rewarded with Bitcoins, but the cost in electricity to do so can often outweigh the value of the coinThe post Bitcoin’s carbon footprint is same as Las Vegas appeared first on Coin Rivet.
The first Bitcoin was installed in Vancouver during 2013. But now the Mayor of the Canadian city is proposing a ban on the machines, arguing that they open the door to money laundering. It's important to remember who exactly is using them; some of these people are often on society’s fringes, especially sex workers. Vancouver’s potential ban on such machines will affect that vulnerable group disproportionately, argues Ethan Lou, a former journalist who these days runs a mining company in Canada and whose first book, Once a Bitcoin Miner, will be published next year. In an article for The Globe and Mail, he says: "Make no mistake, the issue of Bitcoin ATMs is one of social class. Sex workers use cryptocurrency toThe post Vancouver Bitcoin ATM ban will 'disproportionately affect' sex workers appeared first on Coin Rivet.
The price of Bitcoin hit a 13 month high this morning, climbing above $9,300, according to Coin360. Binance boss Changpeng 'CZ' Zhao was, somewhat unsurprisingly, very happy about this. Over 9000! pic.twitter.com/Z1kWmmgLXG -- CZ Binance (@cz_binance) June 16, 2019 What a difference six months can make. Today marks 6 month anniversary of Bitcoin bottom hit on Dec 16 last year. 6 months ago Bitcoin was supposed to hit $1000 and now we are talking about breaking $20k and beyond. Crazy how times change. -- Anondran (@anondran) June 16, 2019 Next stop $10,000 and the beginning of a “crypto summer", according to Circle CEO Jeremy Allaire. Crypto market rallying (again) ahead of Libra launch, marking a massive inflection point in global adoptionThe post Superb Sunday for Bitcoin as price breaks $9,000 appeared first on Coin Rivet.
Don’t expect unbridled enthusiasm over Facebook’s reported cryptocurrency push just yet. “I don’t believe it’s going to be this kind of major game-changer,” Brent Thill, Jefferies senior technology analyst, tells Yahoo Finance’s ‘The Ticker.’
Coinbase has become one of the largest exchanges in the world. Based in the US and operating since 2011, the exchange is often the first place many people go to buy their first ever Bitcoin. Coinbase provides many benefits such as simplicity of use, but it has also received criticism from Bitcoiners as well as many of its customers. Let’s take a look at four things you should know about Coinbase. Ease of use One of the key benefits of using Coinbase is that it has a simple user interface that is ideal for people who have very little knowledge of the cryptocurrency scene. You can buy and store four of the major cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.The post Coinbase review: Four things you should know appeared first on Coin Rivet.
Today the price of Bitcoin is US$8,275.48; Ethereum is US$256.28; XRP is US$0.399167; Bitcoin Cash is US$410.96 and Litecoin is US$132.20. These are the Top 5 cryptocurrencies by market capitalisation. About the Top 5 cryptocurrencies The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalisation. Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relying The post The Top 5 cryptocurrencies latest price appeared first on Coin Rivet.
Bitcoin looks to be poised on the verge of its next bull run, according to the head of one of the world’s most respected independent financial advisory organisations. Nigel Green, chief executive of deVere Group, claims that Bitcoin’s sustained foray above $8,000 today looks sustainable enough to build for a push even higher, propelling the value of the decade-old cryptocurrency to heights unseen since 2017. “Ditching its trademark volatility, Bitcoin has been stuck in no-man’s land for over a week, oscillating within a $600 range,” he said in a Coin Rivet article for the Daily Express. “But the price of the world’s largest cryptocurrency surged to the upside on Wednesday and cleared the key $8,000 resistance level – this could The post Bitcoin bull run imminent, expert says appeared first on Coin Rivet.
At the time of writing, the reality is that most DEXs, or decentralised exchanges, are still quite difficult to use – mostly due to bad user interfaces and user experience. There are a few exceptions (which I will cover later), but the fact of the matter is that to have a great crypto-trading experience, you should probably look into centralised exchanges, mainly because of the additional support and functionality. Even though some crypto-enthusiasts like Vitalik Buterin are quite against the centralisation of exchanges and services – due to the non-custodial aspect of centralisation – it’s an easy way to get started or to trade professionally. Vitalik Buterin: “I definitely hope centralized exchanges go burn in hell as much as possible” The post The top five cryptocurrency exchanges in 2019 appeared first on Coin Rivet.
Peer-to-peer Bitcoin marketplace Paxful has announced it has partnered with blockchain exchange and wallet AirTM. The move means Paxful users will now be able to fund and withdraw Bitcoin from their accounts using AirTM as a payment method. Both organisations operate largely across Latin America where they work with emerging markets and unbanked communities. The partnership will allow the two companies to provide a service similar to PayPal across economically-challenged communities which have been historically affected by hyperinflation and lack of banking security. According to AirTM CEO Ruben Galindo, the introduction of a peer-to-peer platform will allow currencies to be traded for Bitcoin and introduce crypto to 300,000 new customers while opening up almost $6m in monthly transaction volume. Possibilities The post AirTM teams up with Paxful appeared first on Coin Rivet.
It seems that every few years or so, new technologies enter the hype cycle and are touted as the next big game changer. Around 10 years ago it was 3D printing. Then, with the creation of Bitcoin, hype emerged regarding the underlying blockchain technology. Now, artificial intelligence (AI) has taken some of that spotlight and has joined the hype train. Blockchain and artificial intelligence could connect the world of the future through the Internet of Things. Decentralise everything It is argued that we are currently in the midst of a fourth Industrial Revolution thanks to the advances in technology. Blockchain is just one part of this, and so is artificial intelligence. AI arguably has the potential to remove the necessity The post What is the relationship between blockchain and artificial intelligence? appeared first on Coin Rivet.
Justin Sun will try to bridge the gap between the cryptocurrency community and the traditional investor when he has lunch with Warren Buffett.
'The Try Guys' try out business news, and discuss their new book 'The Hidden Power of F*cking Up'. Eugene Lee Yang, Keith Habersberger, Ned Fulmer, and Zach Kornfeld join Yahoo Finance's Zack Guzman to discuss.