Bitcoin Price Correction Deepens; Weekly Close Looks Bearish

[ad_1] The Bitcoin price pullback which began at the end of last week has accelerated this Monday morning despite a relatively stable weekend. The weekly candle has closed off with a bearish signal indicating further losses could be coming. Bitcoin Price Doji Turns Bearish Bitcoin price has been in decline for the past 24 hours following a weekend push back over $12k. The slide led to a drop of over

Goldman Sachs Plans to Launch Its Own Digital Currency

[ad_1] Based on a recent report, David Solomon, the Chief Executive Officer at Goldman Sachs has revealed that the firm plans to create its own digital currency like JP Morgan Chase, and the company is making enquiries on asset tokenisation and stablecoins like that. He said: “Assume that all major financial institutions around the world are looking at the potential of tokenisation, stablecoins and frictionless payments,” He further revealed that

Cryptocurrency Mobile App Downloads Stall Amid Price Surge: Report

[ad_1] Despite bitcoin’s (BTC) recent price surge, the download count of cryptocurrency-related mobile applications is not increasing, Bloomberg reports on June 28Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were 67 million, an increase of about 1.82%. This growth is not nearly as sharp as that

Quantum Computing Vs. Blockchain: Impact on Cryptography

[ad_1] The major selling point of blockchain and its applications is that cryptographically secured distributed ledgers are virtually “unbreakable” under normal circumstances, given the current state of computational technology. Its validity, however, is heavily dependent on the “state of technology” assumption. Should a paradigmatic shift in computing occur, contemporary blockchain-based systems may become vulnerable to threats not accounted for in their design. But how urgent is the threat of this

Top-10 Industries Being Transformed by Blockchain

[ad_1] After struggling to receive recognition of legitimacy within the mainstream zeitgeist during its sophomoric years, distributed ledger technology (DLT) now comprises the driving force behind a new wave of technological creative destruction. Today, we are going to take a look at some of the industries and processes that are most dramatically undergoing a transformation in response to the advent of blockchain technology.FoodThe opaque nature of global supply chains poses

25 Bitcoin Transactions Worth $6 Billion Included in One Block

[ad_1] Several high-value bitcoin (BTC) transactions were included in a single block on June 30.Bitcoin Block Bot, a Twitter account dedicated to reporting significant bitcoin (BTC) transactions reported that 25 bitcoin transactions worth $6 billion were included in block 583,139 on June 30.Cryptocurrency news outlet AmbCrypto reported that all the transactions formed a bigger, linear transaction. Wallet 1 initiating the transaction sent 24,392.93062596 BTC to wallet 2, and 300 BTC

Facebook Removes Bitcoin Scam Ads With Abu Dhabi Crown Prince

[ad_1] Facebook has removed ads for a bitcoin (BTC) scam that masqueraded as posts by the crown prince of Abu Dhabi, UAE news site The National reports on June 30According to the report, a recent scam on social media — dubbed “Bitcoin Loophole” — claimed that Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, personally endorsed a scheme that guaranteed riches

SMC Capital Partner Explains Why Weekend Bitcoin Trading is Booming

[ad_1] Mikhail Mironov of SMC Capital says weekend trading volumes for bitcoin and cryptocurrencies, in general, is indicative of growing retail trading especially from Asia. Chinese Retail Interest in Bitcoin on the Rise In an exclusive chat with Bitcoinist, SMC Capital partner, Mik Mironov, explains why he believes weekend cryptocurrency trading has exploded over the last month. First off, he points to a rise in Chinese retail interest in bitcoin

Bitcoin Price Analysis: BTC Could Drop to $9,000 Soon

[ad_1] Overhead descending resistance forming on Bitcoin could develop a descending channel taking price levels down to $9,000 over the coming week. This would allow for sideways consolidation to take place around $9,000, which is a key historical psychological support/resistance level allowing volume to rush back into the Altcoin market. Bitcoin 4-Hour Chart On the Bitcoin 4hour chart we can begin to see a descending channel forming. This is not

Tip Twitch Livestreamers With BCH Using the New Tipbitcoin.cash App

[ad_1] Last week the pseudonymous developer who created the Crescent Cash wallet, Pokkst, announced the launch of a new tipping service called Tipbitcoin.cash. The tool gives anyone the ability to tip their favorite streamer on Twitch using bitcoin cash. Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque Meet the Bitcoin Cash Tipping App for Twitch — Tipbitcoin.cash Twitch, the live streaming video platform operated by