Bitmain co-founder and former CEO Jihan Wu has predicted bitcoin’s price will continue to rise, even if a bull run fails to materialize in relation to the next halving.
Despite the claims that bitcoin is mainly used by criminals, it’s interesting to note that bitcoin is used for better things. Data from LocalBitcoins shows that bitcoin is mostly used in countries where it’s restricted or countries with financial difficulties.
Bitcoin (BTC/USD) closed the last three weeks with losses and erased nearly 25% during that period. After touching its lowest level since early June at $7,715 last week, the BTC/USD pair staged a technical rebound this week and was last seen trading at $8,450, adding 7.4% since Monday.
Bitcoin price (BTC) bulls looked as if they were taking charge last week as BTC/USD rose by over $1,000, albeit momentarily.
Litecoin (LTC) is celebrating its 8th anniversary.
The BCH-centric web portal Bitcoinbch.com published an in-depth report that shows the aggregate of cryptocurrency expenditure for Australian retail businesses. According to the 10-page document, BCH transactions in the country exceed BTC transactions by a wide margin and BCH is the top digital currency in Australia.
Last Updated on October 13, 2019
Authorities are waking up when it comes to cryptocurrencies. In the past month alone, we saw a couple of very serious actions taken against major projects in the field. Facebook’s Libra, Block.one’s EOS, Telegram, KIK, all of them and more saw challenges in the face of lawmakers and regulators across the board. A lot of people, especially those who felt like Telegram was a scam and Libra was a “centralized Bitcoin” embraced the news with sort of positivity. Amid this legislative chaos, however, it’s undoubtedly important to take some time and think what all this means for Bitcoin, being the major cryptocurrency and the one that has so far managed to stand the test of time and markets.
Japan was hit by Typhoon Hagibis this weekend, causing devastation and affecting both the Japanese Grand Prix and Rugby World Cup. So what has been causing devastation and affecting bitcoin and cryptocurrency markets for the past week?