Bitcoin News Summary – February 4, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Bitcoin has officially entered the longest stretch of declining prices in its 10-year history. The world’s oldest cryptocurrency achieved an all-time high of $19,764 on December 17, 2017 and has posted a series of lower price highs ever since, making February 4, the 413th consecutive day prices have been in decline. Canadian exchange, QuadrigaCX, announced bankruptcy. Nearly $200 million is owed to clients. According to the exchange’s website, access to cold wallets was lost. The backstory is that the…

What Makes Bitcoin ETF Delay a Good News for Crypto Industry

Bitcoin fell by more than 80% in the past twelve months. The overly impressive bull run of 2017, which led the digital currency value to the peak of $20,000, followed a whole bearish year whereby the price crashed to lows near $3,000. Lack of institutional investors and strict regulations, analysts believed, was one of the primary reasons behind the bitcoin crash. No ETF in Q1 2019 Bulls hoped 2019 to be a year of bitcoin correction when some of the biggest financial companies announced products for its market. Fidelity, a…

Crypto News | UPS Invests in Blockchain & Circle Stablecoin Fully Backed

All major cryptocurrencies are seeing red again today. This week has brought higher-than-normal volatility for most of the top digital currencies on the market, making investors scratch their heads. Today, we’ll take a look at the latest trending crypto news. Crypto News: UPS Invests in Blockchain Today, the top crypto news is surrounding the logistic giant, the United Parcel Service (NYSE:UPS). It was announced that the investment arm of the shipping company made an undisclosed equity investment in the US enterprise blockchain company, Inxeption. This UPS investment will be used…

Bitcoin News Summary – January 14, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  At Consumer Electronics Show, Ledger confirmed the new Nano X hardware wallet will contain Bluetooth support. This will allow users to run mobile wallets with far greater security. The Nano X is expected to begin shipping in March 2019 at a price of $119. French tobacconists Tabac will officially start selling Bitcoin across their 6,500 branches. Bitcoin vouchers will be sold in the shops which can then be redeemed via a website. Rumors swirled that Jihan Wu, the controversial…

Fake News Site Promotes Bitcoin With Image of Ex-New Zealand PM

An alleged fake news website released a crypto-related article employing the image of former New Zealand prime minister John Key, local media outlet Stuff reported Jan. 5. The ad reportedly promoted Bitcoin (BTC) and a company called “Crypto Revolt,” which is allegedly a cloned scam site. The article further explains that the advertisement imitates a Stuff business news page and “purports to interview John Key on his enthusiasm for Bitcoin.” Moreover, in place of the Stuff logo there is an “NZ Times” logo, and all the links reportedly lead to…

Popula Stores News on Ethereum’s Blockchain

Maria Bustillos Subscription-based news platform Popula has made history by providing the very first fully stored news article on a blockchain platform. Earlier this week, Maria Bustillos, the editor of journalist-owned Popula, announced the placement of an article published on the website has now been stored on the distributed ledger. According to the report, the article, which was initially published in Death + Taxes magazine, was stored in full on the Ethereum blockchain, and its hash was stored on the IPFS protocol. With these, it is expected that the article will…

Bitcoin News Summary – December 24, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  Facebook is said to be working on a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India. The company is developing a stablecoin — a type of digital currency pegged to the U.S. dollar however at the moment it is still far from releasing it. Blockstream announced that its blockchain satellite system expanded its coverage to Asia. Most countries in the world can now sync the Bitcoin blockchain…

Bitcoin News Summary – December 17, 2018

Here’s what happened this week in Bitcoin in 99 seconds. A major shakeup occurred in the crypto market cap rankings this week, with Bitcoin Cash ABC falling to 7th position and Bitcoin Cash SV falling to 9th. The top 6 coins are now Bitcoin, XRP, Ethereum, Stellar, and the US Dollar pegged stablecoin, Tether, followed by EOS. Tom Lee, co-founder of FundStrat, said that his model places Bitcoin’s fair value at $14,000. Weiss Ratings, the international rating agency, said that the current Bitcoin price level represents the best buying opportunity…

Crypto News | EOS Surges and Ripple Exec Not Phased by Bull Market

In today’s edition of crypto news, we’ll cover why EOS is surging and the details behind why a Ripple executive isn’t phased by the current crypto bear market. EOS Surges as Other Coins Fall EOS is currently leading the top 40 cryptocurrencies for total market gains this weekend. The world’s seventh-largest cryptocurrency project has received a wave of criticism as of late for its lack of decentralization. This weekend, EOS jumped up more than 16%. At this time, it remains unclear why the coin surged so much. Coinbase is exploring the…

Crypto News | Bitcoin Mining in Norway and the State of the Crypto Market

In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low. Crypto News: Bitcoin Mining in Norway A Swiss newspaper made the announcement today that its country will be acting to end electricity subsidies for Bitcoin mining. Until now, mining farms operating in Norway have been paying a low rate of 0.48 ore per kilowatt. As of January 2019, it will be raised to 16.58 ore per…