Monthly Archives: February 2020

5% of Block Rewards – Bitcoin ABC Will Add Infrastructure Funding Plan in Next Release

Bitcoin ABC developers published a blog post on Saturday which discusses the miner Infrastructure Funding Plan (IFP) and the team told the community the software engineers have been “requested” to implement IFP. According to the developers, the code for IFP will be implemented in the upcoming 0.21.0 ABC software release. Also Read: 3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners Bitcoin ABC Will Implement Code for the Infrastructure Funding Plan in the Next Software Release Btc.top founder Jiang Zhuoer recently introduced a […]

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Coronavirus Spreads and Crypto Rallies, but Not Everything Is Related

The coronavirus and the crypto market rally: Is there a link between the two? Surging crypto rallies and the coronavirus scare — the two phenomena seem to be closely related, according to many. But this particular correlation is not necessarily translating to causation, at least according to some experts. Mati Greenspan, the founder of Quantum Economics, offered his insights regarding the apparent connections between the two events. “So far, I don’t see any direct correlation between the coronavirus and crypto prices.” Instead, Greenspan pointed to the current […]

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Cryptocurrency News From Japan: Feb. 9 – Feb. 15 in Review

Japanese exchange Bitpoint released data on its massive 2019 deficit, the country’s FSA pointed out tightening regulations, and more in news from Japan this past week. This past week in Japan, native exchange Bitpoint released data showing a massive deficit from 2019, Japan’s Financial Services Agency mentioned upcoming tightened regulations, Japanese and European central banks researched distributed ledger technology, Japan’s Liberal Democratic Party chairman expressed fears of Libra and the Chinese digital yuan, and the GMO Coin exchange hit 300,000 users. Check out some of this week’s […]

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Coming to a ConsenSys: JP Morgan Acquisition Paves JPM Coin Growth

Pundits believe that a merger between JP Morgan and ConsenSys is a step in the right direction for both companies and the crypto industry. According to an all-new report released earlier this week, banking giant JP Morgan is currently in the process of facilitating a merger of its in-house blockchain unit called Quorum with Ethereum-based software developer ConsenSys. The deal is currently under negotiation and is likely to be finalized by the end of Q3 2020. Quorum is a blockchain-based network that has been built atop the […]

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Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC

On February 7, the blockchain analytics provider Tradeblock published a report about the upcoming BTC reward halving. BTC’s block reward is expected to halve on or around May 12, 2020, and Tradeblock’s report estimates that the cost to mine BTC will be over $12,500 after the halving. Also Read: The Controversial S2F Model Predicts Bitcoin Price Will Reach 100,000 USD Within 2 Years BTC’s Price Must Rise According to Post-Halving Cost Estimate The great reward halving of 2020 is coming and the discussion about this topic has […]

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Uptrend Broken? Bitcoin Tumbles Below $10K as Greed Hits 6-Month High

Bitcoin has decisively dropped below its landmark $10,000 big-even level after several days of high greed levels. Bitcoin (BTC) has fallen below its landmark $10,000 price point after failing to break $10,500 resistance, mimicking a similar $300 drop earlier this week.  Crypto market 1-day price chart. Source: Coin360 Bitcoin drops to $9,800s Coin360 and Cointelegraph Markets data show Bitcoin has fallen below the $10,000 big-even, to a press time price of $9,884.  “Good response by the bulls but 10k needs reclaiming,” commented Cointelegraph Markets contributor filbfilb in […]

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CFTC Charges Colorado Resident With Fraud in Crypto Ponzi Scheme

The CFTC has filed charges against two parties on Ponzi allegations involving crypto, forex, and over $500,000 of defrauded funds. The Commodity Futures Trading Commission (CFTC) has filed charges against a Colorado native and associated investment company on fraud charges. Denver local Breonna Clark, along with Colorado-based Venture Capital Investments Ltd., face civil action from the CFTC for defrauding investors, the agency said in a statement on Feb. 14. The pair also faces charges for not achieving registration with the government agency. The accused harnessed crypto and […]

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BTC’s Market Share Drops Consecutively for 14 Days – Dominance Ratio Slides to 60%

Cryptocurrency markets have been climbing higher in value as coins like BTC have gained over 19% during the last 90 days. However, many other digital assets have seen much larger gains and BTC dominance has been sliding downwards consecutively for the last 14 days. Also Read: Craig Wright’s $100B Theft Claim – BTC and BCH Used His Database Without Permission BTC’s Ratio of Market Dominance Sinks to 60% During the last few weeks, BTC dominance has dropped from a high of 70% to a low of 60%. […]

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Bitcoin Price Stabilizing Above $10K With $11.6K Futures Gap in Sight

The price of Bitcoin has been showing bullish momentum with the CME BTC futures gap from last year at $11.6K now becoming a target for the bulls. The price of Bitcoin (BTC) broke the psychological barrier of $10,000 and is currently stabilizing above it. Not only Bitcoin has been showing strength, but altcoins have also been popping left and right. Is the bullish momentum back in the market? Let’s analyze the charts. Crypto market daily performance. Source: Coin360 Bitcoin price hovering below a significant resistance The price […]

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‘Best Brand’ Bitcoin Can Hit $20K by May Halving, Says Mike Novogratz

In an interview with mainstream media, the venture capitalist pointed to Bitcoin’s upcoming halving as a major price goal. Bitcoin (BTC) has the potential to reach and even surpass its all-time highs of $20,000 by May’s block reward halving.  That was the opinion of Mike Novogratz, the serial venture capitalist who has stayed consistently bullish on BTC.  Novogratz: Bitcoin “best brand of the past 11 years” Speaking to CNBC in an interview on Feb. 14, Novogratz called Bitcoin the “best brand of the past eleven years” and […]

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