Monthly Archives: February 2020

Bitcoin Price Holds $8.5K Support as Coronavirus Fears Tank Global Markets

Bitcoin price managed to briefly reclaim the 200-DMA but shrapnel from collapsing equities markets appears to be weighing on crypto prices. Today Bitcoin bulls found their resolve and are attempting to reverse the digital asset’s course even as equities markets across the globe continue to drop on the realization that Coronavirus is a real threat that will stay with us for some time. The Dow Jones Industrial Average closed with a decline of 1,100 points (4.4%) and is down more than 10% for the week. The Nasdaq […]

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Revolut Will Make Crypto Available in 50 States

Revolut will launch its crypto offering to US customers in all 50 states, taking on Square’s Cash App. Revolut is coming to the smartphone near you with an array of cryptocurrencies before tax day. Having just raised $500 million on a $5.5 billion valuation, Revolut is one of the biggest fintechs in Europe. Revolut is a neobank: simply, a bank without the expense and convenience of physical branches or the headache of licensing. Revolut is already well-established in Europe. On its home soil, it allows users to […]

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Blockchain Technology Partners Unveil Smart Contracts on Amazon AWS

Blockchain Technology Partners launch DAML on Amazon’s Quantum Ledger Database, enabling smart contracts. Customers can now integrate smart contracts on Amazon Web Services’ Quantum Ledger Database, or QLDB, thanks to tech company Blockchain Technology Partners. Blockchain Technology Partners, or BTP, unveiled general availability for its DAML incorporation, accessible through its Sextant for DAML platform, allowing those working with Amazon’s QLDB to harness smart contracts on the platform, according to a Feb. 25 statement provided to Cointelegraph. Amazon’s QLDB is not the first to incorporate Sextant for DAML […]

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Chinese Communist Party Exec Wants State Monopoly on Digital Currency

Former Vice President of CIRC of the Party talks about ICOs and cryptocurrency trading bans in China and CBDC is an important national strategic plan. Chen Weigang, former Vice President of China Insurance Regulatory Commission of the Communist Party, sat down with Yiben blockchain media on Feb 27 to talk about ICO regulations and digital currency trading in China. He told the media that a central bank digital currency (CBDC) is an important strategic plan for the Chinese RMB to gain an upper hand in international economic […]

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Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit

On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S model (86TH/s). Also read: Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List Bitmain Launches the S19 Series Processing Up to 110 Trillion Hashes per Second Bitmain, one of the top […]

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CFTC Holds A Meeting to Learn All About Stablecoins

CFTC’s Technology Advisory Committee has held a public meeting and invited three stablecoins to showcase and discuss the outlook of stablecoins and cryptocurrency. American financial regulators have sat down with major stablecoin projects in an effort to better understand the industry. The Commodity Futures Trading Commission’s Technology Advisory Committee held a public meeting on Feb. 26 to learn about stablecoins, cryptocurrency insurance, custody practices and cybersecurity. Three stablecoin projects: JPM Coin, MarkerDao and Paxo were in attendance, discussing different aspects of stablecoins during the meeting. The committee […]

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Roger Ver: Prison Made a Bitcoin Believer

Roger Ver in a Cointelegraph exclusive bears it all – from how his prison experience made him a Bitcoin believer to why BCH will appreciate 1,000 times. In a Cointelegraph exclusive interview, Roger Ver bears it all ‒ how his prison experience made him see Bitcoin’s potential, why Bitcoin Cash (BCH) is better than Bitcoin (BTC), and why Bitcoin Cash will appreciate 1,000 times. Prison Most of the crypto community knows that, in his youth, Roger Ver had run-ins with the law; in fact, he was sentenced […]

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Welcome to Bitcoin 2020!

Bitcoin Magazine is the proud host of the Bitcoin 2020 conference being held in San Francisco on March 27th and 28th, 2020. Welcome to Bitcoin 2020, a one-of-a-kind festival celebrating the dawn of a new technological paradigm and the counterculture behind it. Bitcoin is about more than just money; it is a movement rooted in the controversial idea of freedom. Its first adopters were champions of liberty, privacy, sound money and cryptography, and it’s these very principles that have united a diverse and global community of cypherpunks, […]

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Shark Tank’s Robert Herjavec Says Bitcoin’s Price Will ‘Quantuple’ Long-Term

Shark Tank co-host Robert Herjavec sees long-term potential for Bitcoin, saying the asset is currently worth a fraction of its future value. Robert Herjavec, Multi-millionaire co-host of ABC’s “Shark Tank,” said Bitcoin (BTC) is currently valued at only a fraction of its long-term potential. “I think the price of Bitcoin, on a long-term basis, will quantuple, if that’s a word,” Herjavec told Kitco News in a Feb. 25 interview. Herjavec likes digital payments After speaking on gold, expressing that he is not a “big believer” in the […]

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Tom Lee’s Five Simple Reasons for a Bitcoin Bull Run in 2020

Fundstrat’s Tom Lee predicts that the Bitcoin price can potentially double this year, giving five solid reasons to back it up. Fundstrat’s Tom Lee was the main highlight of last week’s Blockchain Economy 2020 event in Istanbul, Turkey. Taking the stage on day two, Lee addressed a crypto-savvy audience for about half an hour. Before delving into why Bitcoin (BTC) would see a price hike this year, Lee started his speech with a nod to the famous comparison between the internet and blockchain: “The most important generational […]

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