Author Archives: creative

Bitcoin Price Rallies to Set a 2020 High Near $9.5K – Is $10K Next?

Bitcoin price continues to rally higher as bulls launched a high volume assault on the $9,500 resistance level today. Bitcoin (BTC) price has rallied to $9,439 and bulls have again shown that they have no intention of letting the crypto market’s most valuable asset stay below the $9K mark.  Bitcoin daily price chart. Source: Coin360 Earlier in the day Bitcoin’s price dropped below $9,000 to a daily low at $8,879, which led some analysts to issue dismayed calls for a revisit and consolidation around the $8,300 to […]

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Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force

The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators are obliged to meet anti-money laundering and counter-terrorism financing regulations. Also read: Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange Payment Services Bill Expands Regulatory Scope to Cover Cryptocurrencies In a press release published Tuesday, MAS insists that the Payment Services Act (PSA) will “enhance the regulatory […]

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Buy the Pump, Sell the Dump — Does Momentum Investing Work in Bitcoin?

It can only go up: buying the currency that gained the most in price today will likely lead to a greater cumulative return than buying the dip, data shows. Since the start of the year, Bitcoin (BTC) price has been as high as $9,200 — a 2-month high — while going as low as $6,900 on Jan. 3. Bitcoin’s volatility is one of the most frequently discussed issues that arise when investors evaluate Bitcoin as an asset class. However, its volatile behavior is what provides an opportunity […]

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Cardano Inches Toward Smart Contract Implementation with New Paper

Cardano released a formalized description of its unique smart contract model in preparation for the release of Goguen, though the timeline remains uncertain amid delays. Cardano (ADA) revealed a new paper on Jan. 27 in which the firm details how smart contracts will be implemented in the upcoming Goguen update. Though the system is unique, its release date is still uncertain in light of Cardano’s history of delays. How EUTXO works The Extended UTXO model was specifically designed as an improvement on Bitcoin’s (BTC) pure UTXO architecture. […]

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Montana Crypto Mine Back in Action Despite Owner’s Uncertain Legal Fate

CryptoWatt, a crypto mine based in Montana, recently resumed operations after connections to a fraudulent owner halted business. A cryptocurrency mine in Butte Montana fired up its servers today, resuming business without its former owner, an alleged fraudster.  After a legal appearance on the matter, part-owner Kevin Washington and operator Rick Tabish started up crypto mining business CryptoWatt once again, pulling the operation out of retirement, according to a Jan. 27 press release.  Authorities closed down CryptoWatt after jailing its owner, Matthew Goettsche, on a separate fraud […]

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Cold Storage and Bearer Bonds: How to Print an SLP Token Paper Wallet 

The Simple Ledger Protocol (SLP) and tokens have become a mainstay within the Bitcoin Cash ecosystem. SLP tokens have gathered traction as they are supported by multiple noncustodial wallets and a slew of tokens gained real-world value after being listed on exchanges. Even though SLP tokens are digital, you can still create a paper wallet for tips or a way to hold special tokens in cold storage. The following editorial is a step-by-step walkthrough for creating SLP-based paper wallets. Also Read: How to Print Your Own Bitcoin […]

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Fearing Revolt, Roger Ver’s Bitcoin.com Backs Down From Proposed BCH Mining Tax

According to a statement earlier today, Jan. 28, Roger Ver’s Bitcoin.com is backing down from its recently proposed Bitcoin Cash mining tax. According to a statement earlier today, Jan. 28, Roger Ver’s Bitcoin.com is backing down from the 12.5% mining tax on Bitcoin Cash they proposed along with other major BCH mining pools owing to the community’s overwhelming negative response to the proposal.  Bitcoin.com’s position Last week, Bitcoin Cash (BCH) personalities proposed a 12.5% tax on mining rewards that would ostensibly go to funding network development. Now […]

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LocalBitcoins Quietly Suspends Accounts in Multiple Regions Without Notice

Finnish P2P exchange LocalBitcoins is allegedly quietly suspending user accounts, citing an “enhanced due diligence process.â€� Popular Bitcoin (BTC) exchange platform LocalBitcoins is allegedly suspending user accounts with little fanfare, citing an “enhanced due diligence process.” Finland-based LocalBitcoins, one of major global peer-to-peer (P2P) crypto exchanges, has reportedly suspended user accounts in some countries in Africa, the Middle East and Asia without warning, with some users being unable to withdraw their Bitcoin, Forbes reports Jan. 25. LocalBitcoins gives no public statement on the matter while the first […]

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Cardano Breaks 6-Month Slump, Signaling Potential Altcoin Revival

Cardano (ADA) and other altcoins are all breaking out of their downtrends as the altcoin cryptocurrency market gains strength. Today Cardano (ADA) broke above its 6-month range and now follows the movements of large-cap altcoins like Bitcoin Cash ABC (BCH), Dash (DASH) and Ethereum Classic (ETC). Does this mean that altcoins are entirely out of the woods?  Crypto market daily performance. Source: Coin360 ADA/BTC breaks above its 6-month trading range Over the past 6 months, Cardano has traded in a sideways accumulation range between 0.000004-0.0000044 satoshis, while […]

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Three High Profile Crypto Networks Face Reward Halvings This Spring

This spring, three of the largest crypto networks, BTC, BCH, and BSV, will undergo their halvings around the same time for the first time in history. During the last halving in 2016, only one network existed, but now three protocols share the same consensus algorithm. Google Trends shows that searches for the term “bitcoin halving” have skyrocketed in recent days and it’s still unclear whether the halvings are priced into the three markets. Also Read: Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan Google Trends Searches […]

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