Business

Bitcoin Erases February’s Gains, BTC Price Sinks Below $8,700

[ad_1] The sharp correction that has rocked the crypto market since Feb. 23 continued through Feb. 27 as Bitcoin (BTC) price dropped nearly 8% to a daily low at $8,531.Markets pricing in Coronavirus impactAt the opening bell, equities markets recovered some of the losses of the previous two days but at the time of writing Dow Jones futures, S&P 500 futures and Nasdaq futures all dropped 1.32%, 1.33% and 1.31%,
Business

Ethereum Community Comes out Against Controversial ProgPoW

[ad_1] Opposition continues to grow against implementation of the controversial Programmatic Proof-of-Work (ProgPoW) proposal in the Ethereum community.ProgPoW is an ASIC-resistant PoW algorithm meant to replace ETHhash, the current hashing algorithm for the platform. First mooted two years ago, it suddenly reemerged as a concrete plan set for the middle of this year following a call of core developers on February 21.Leading stakeholders filed a petition on Github on Feb.
Business

Half of Cash App’s Revenue Now Comes From Bitcoin

[ad_1] Square’s Cash App derived half of its fourth-quarter revenue from Bitcoin (BTC) services.According to a shareholder letter published on Feb. 28, Bitcoin revenue amounted to $178 million during the fourth quarter of 2019, while combined non-Bitcoin revenue totaled $183 million.In total Bitcoin accounted for more than half a billion dollars of revenue across 2019, equating to around $8 million in profits. That’s up from $1.7 million the previous year.The
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The Bull and Bear Case for Investing in the Top 20 Cryptocurrencies

[ad_1] Should you buy bitcoin or bitcoin cash? Does tezos have further room to grow? Is monero a long-term hold? There are no absolute answers to these questions and no crystal ball to determine which crypto will pull a 5x before the year’s out. Based on fundamentals alone, however, here are some reasons why you might wish to buy or sell the top 20 cryptos by market cap. Also read:
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‘Crypto Mom’ Accuses SEC of ‘Shifting Standards’ Following Bitcoin ETF Rejection

[ad_1] The US Securities and Exchange Commision has rejected New York based firm Wilshire Phoenix’s Bitcoin Exchange Traded Fund (ETF) application, citing ongoing concerns over market manipulation and a lack of surveillance-sharing agreements.‘Crypto Mom’ Hester Peirce has publicly disagreed with the rejection.NYSE Arca had submitted a proposed rule change to allow the listing and trade of Wilshire Phoenix's United States Bitcoin and Treasury Investment Trust. The proposal included both US
Business

Financial Watchdogs See Crypto as Illicit by Default

[ad_1] Recently, financial regulators around the world have been growing concerned about the role of cryptocurrency in money laundering and financing of various illicit activities. The first two months of 2020 saw many governments acting on these concerns and introducing a variety of legal measures designed to bolster their defenses against financial cybercrime allegedly facilitated by the use of digital money.Russia has become the latest of the major jurisdictions to
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Craig Wright Lawsuit: Tulip Trust and Bonded Courier Questions Remain

[ad_1] Ira Kleiman’s lawyers have recently replied in support of a motion which could force Craig Wright to produce new evidence on the Tulip Trust. The Plaintiff asserts that exposing the Tulip Trust as another lie is an essential component of the lawsuit.  PLAINTIFF INSISTS WRIGHT’S ARGUMENTS ARE INVALID The trust in question is believed to hold 1.1 million Bitcoins, and was allegedly set up by Craig Wright after his
Business

Brave Browser Smacks Down Chrome, Firefox & Safari

[ad_1] A privacy expert who compared some of the most popular browsers on the market reached an unambiguous conclusion: Brave trumps competition. Trinity College Dublin’s chair of computer systems, Dr. Douglas Leigth, authored a study comparing Chrome, Firefox, Safari, Microsoft Edge and Yandex in terms of how much personal data they share with backend servers. Brave’s default configuration was by far the best of the bunch.The study reads:“Used ‘out of
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Bitcoin Price Won’t Fall Below $8.2K During This Crash: PlanB

[ad_1] PlanB, creator of the Bitcoin stock-to-flow (S2F) model, says the Bitcoin price is unlikely to dip below $8,200 even as the top-ranked cryptocurrency has dropped 13% over the last one week. Bitcoin Price Will Hold Above 200 WMA As previously reported by Bitcoinist, the Bitcoin price has fallen below the $9,000 mark. Taking to Twitter on Wednesday (February 26, 2020), PlanB identified $8,200 as the likely bottom for the
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Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List

[ad_1] On Wednesday, the “Hurun Global Rich List,” a ranking of the wealthiest individuals, published its 2020 report that notes the world saw 346 new billionaires last year. This year’s list also includes six blockchain entrepreneurs who made the Hurun Global Rich List through cryptocurrency investments. Also read: Warren Buffett Slates Bitcoin, Denies Owning Crypto Gifted by Justin Sun Cryptos Billionaire Club The Hurun Global Rich List is well known