Bitcoin vs. altcoins. This has been one of the fiercest battles in the industry. While Bitcoin had a headstart on the altcoins, aggressive growth in the past few years saw them threaten to upset the status quo. However, according to a report by a global management consulting giant, Bitcoin will retake control in 2019. The report stated that investors will be seeking to reduce their risks in light of new financial and regulatory frameworks and will thus consolidate their Bitcoin holdings.
At press time, the father of cryptocurrency is trading for just under $4,000 and sitting at $3,976. What we can take from this is that while the present position is providing bitcoin with a few struggles here and there, the currency, for the most part, is working hard to maintain its stance. The asset was trading for just over $4,000 yesterday, so a small, $40 drop probably isn’t much to worry about for now.
Despite the market downturn in digital asset values, cryptocurrency automated teller machines (ATMs) are still in vogue. According to a tweet from cryptocurrency analytics firm DataLight, the number of crypto ATMs doubled in 2018 from 2,025 ATMs in 2017 to 4,051 ATMs, signaling an increase in the adoption of cryptocurrencies in general, despite the slump in price.
When it comes to bitcoin mining, Canada is a natural.
A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs.
B.C. is sitting on a large surplus of hydroelectric energy, as depleted resources have resulted in the closures of many pulp and paper mills and traditional mines. The power surplus is also a result of the success of alternative energy and energy conservation initiatives.
Good news, folks! After weeks of humiliation and steady price declines, the father of cryptocurrency is once again past the $4,000 mark. This was a feat very few analysts said could happen, and many were certain that bitcoin would continue to sink. Some even claimed that the currency would fall to as low as $1,000 before any signs of recovery showed their faces.
Bitcoin’s price recovery has continued, with the currency gaining 7.2 percent in the past 24 hours. Bitcoin was trading at $4,104 at press time, having struck a two-week high of $4,186 just hours earlier. The last time Bitcoin was above $4,100 was December 3 and since then, it has dropped to its lowest level for the year below $3,200. This week has seen the currency gain 26 percent and looks set to continue its good run.
But if you’re expecting a repeat of the 2017 bull run, you might get disappointed.
It is evident there are plenty of people looking for guidance when it comes to the future Bitcoin price. The current market momentum seemingly makes very little sense to people unfamiliar to this cryptocurrency. After last year’s massive surge, it now seems Bitcoin is firing on all cylinders as well. Peter Brandt, an infamous financial expert, seems to be capitulating on Bitcoin as well.
Peter Brandt has a Bitcoin Vision
When going back in time to January of 2018, most people will remember the Tweet sent out by Peter Brandt.
Stranded Iranian students in the United Kingdom have turned to Bitcoin as a tool to circumvent the economic sanctions placed on their country, according to a Guardian report. Parsa Sadat, a law student at the University of Reading, is among a bevy of Iranian students who can't pay their tuition fees and are completely stranded at school after Iran was hit with sanctions by U.S. President Donald Trump last month.
It has been a tough year for Bitcoin, however there is a light at the end of the tunnel as the recent drop could be the bottom for the crypto. After hitting the yearly low of $3193 on December 15th, the market rebounded sharply and has been on a bullish rise ever since. BTC reached a high of $3992 earlier today, followed by a market correction bringing the price to the current $3857.
When it comes to Bitcoin news, two recent events stand out. One is Coinbase announcing that they moved $5 billion in crypto to their cold storage wallets, and a trader who sold at Bitcoin’s top also just closed his short on the cryptocurrency.
Determining whether or not the cryptocurrency market momentum has turned around, is always very difficult. In the case of Bitcoin, the market can easily swing in either direction without too many problems. Finding bullish signals is pretty difficult right now, although Mark Dow closing his “epic short” is perhaps the telltale sign this industry needs. As such, it seems there is a good chance the Bitcoin price will continue to rise.
Mark Dow Rethinks his Options
There are many potential factors which can easily influence the Bitcoin price for better or worse.
Minisketch is a new solution that’s trying to solve an old problem.
Spearheaded by Blockstream co-founder Pieter Wuille, Bitcoin Core contributor and fellow Blockstream co-founder Gregory Maxwell, and Blockstream software engineer Gleb Naumenko, the open-source initiative is designed to achieve set reconciliation between the mempools of each full node.
“Set reconciliation, in short, is the problem of trying to figure out what the differences are between two sets stored on different computers, while minimizing how much data needs to be exchanged between them.
At press time, the father of crypto is trading in the high $3,400 range, marking a $50+ price since our previous price article.
The big question we’re likely asking right about now is, “Could bitcoin potentially be recovering?” Late last week, the currency hit the $3,100 mark for the first time in several months. It dashed all hope for the incoming new year and caused many analysts to be assertive in their gloom-and-doom sentiment that bitcoin would continue to fall well into 2019.
Chart by VaidoVeek
However, at the time of writing, we have witnessed two steady days of price increases for everybody’s favorite cryptocurrency, and positivity is once again entering the crypto space.
Institutional investors are quickly losing interest in Bitcoin, JP Morgan has stated in recent research. According to the bank, key flow metrics have dwindled in recent months indicating reduced interest from the professional investors. The research cited interest in Cboe Global Markets which is at its lowest since Bitcoin futures launched a year ago. The median transaction volume has dropped by over 96 percent as well, further indicating dwindling interest.
Want to convert your altcoins to bitcoins this Christmas? Coinbase has launched Coinbase Convert, a new feature that allows retail users to make direct crypto-to-crypto conversions on the exchange.
Quick Crypto Conversions
The new feature, which was announced on December 17, 2018, will allow customers to sell one cryptocurrency to buy another, saving traders both time and multiple fees.
While most crypto investors are shooting for the moon, Blockstream is focused on things a bit closer to Earth: in the outermost layer of its atmosphere, to be exact.
Blockstream’s Bitcoin satellites are something out of science fiction. Orbiting in our planet’s exosphere, the spacecrafts broadcast the Bitcoin blockchain across the globe. Anyone can access the network with a simple satellite receiver — no internet required — putting the Bitcoin blockchain in reach for the world’s population from the limits of the Earth’s atmosphere.
At press time, the father of crypto is trading for over $3,400. This is a rise of roughly $300 since the weekend, and some analysts are now claiming that recovery is very likely.
It was approximately one year ago when bitcoin shot up to its peak of nearly $20,000. Obviously, this leaves us wanting – especially when faced with the bearish conditions that have been hitting the cryptocurrency market left and right over the past month, and we’re not completely out of the dark yet.
Chart by alanmasters
However, some industry figures – like Clement Thibault, a senior analyst at Investing.
Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed "ShakePay Change," the pre-launch of the service was announced in a Medium post.
The new service connects to a user's bank credit and debit card, rounds up every purchase made to the nearest dollar and uses the resulting change to purchase bitcoins automatically.
Decentralized payment processor BTCPayServer now offers wallet support for c-lightning users.
Following its most recent update, the BitPay alternative announced support for Spark Wallet, a client for the Lightning Network's c-lightning implementation created by Bitrated founder and Blockstream employee Nadav Ivgi. With the implementation into BTCPayServer’s dock, users can now receive c-lightning payments in a Spark Wallet that is connected to their BTCPayServer.
The Bitcoin industry has allowed wealthy individuals to do some very unusual things. In most cases however, those developments will not make any media headlines. The literal fiat currency airdrop executed by Wong Ching Kit, a Bitcoin millionaire, will raise a lot of questions. It may be a positive sign for the struggling industry as well.
A Fiat Currency Airdrop to Promote Bitcoin
Those who invested in Bitcoin at a very early stage have made millions over and over again over the past few years.
Crypto markets are showing mercy on us this weekend. Bitcoin, XRP and Ethereum price is in the green today, up 1.11%, 1.10% and 2.81% respectively. In other good news, it looks like Litecoin and BitcoinSV are showing some bullish momentum, both cryptocurrencies are up 8% in the past 24 hours.
2018 has been a rough year for cryptocurrency. The worst part of it was the past 3 months where the market “baited” traders with a 3 month long sideways market only to add insult to injury and break down even further.
At press time, everybody’s favorite cryptocurrency has fallen below $3,175 for the first time in 2018. The price of bitcoin continues to crash and burn, and one analyst is saying the asset may fall to as low as $1,500 before any significant uptrends occur.
Bloomberg analyst Mike McGlone says bitcoin is currently trapped in what he calls “stiff downward momentum.
It’s yet another dark day for Bitcoin. In fact, it’s the darkest one this year. The currency has once again set a new low for the year. At press time, the currency was trading at $3,230, down 10 percent in just 24 hours. The currency was performing especially poorly on some markets such as BitMEX, Coinbase Pro and Bitstamp where it was trading at $3,180. Since the week began, Bitcoin has lost close to $500. The currency’s immediate future looks bleak, especially given that it’s entering the weekend.
There have been numerous reports of a series of emails that have been sent to various businesses and establishments in the US asking for $20,000 in Bitcoin or else a bomb will be detonated in the building.
Further reports indicate that the emails were sent to victims in Canada and New Zealand as well.
, the New York-based startup that provides crypto collateralized loans, has raised additional funds to expand its services. The startup announced that it has received an additional $4 million in its recent funding round in a company blog post.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...