DAVOS, Switzerland – Most Middle Eastern elites at the World Economic Forum are highly skeptical of bitcoin, but there are whispers about its potential for cross-border settlements in the energy sector. According to Egyptian businessman M. Shafik Gabr, chairman of…
Category: Bitcoin
Bitcoin
Bitcoin’s Lighting ‘Torch’ Reignites, Blazes Through 38 Countries in 3 Days
Bitcoin’s lightning torch is back, and it’s zipped through at least 38 countries already. The torch is a digital game first ignited in January 2019 by pseudonymous bitcoin enthusiast Hodlonaut, known for his Twitter avatar of a cat in a…
JPMorgan Spinoff Kadena Launches Public Blockchain, Integrates Wallet to Cosmos Network
Crypto startup Kadena’s public blockchain launched Wednesday, adding interoperable smart contract support between the public chain and its private chain counterparts. The Brooklyn-based offshoot of JPMorgan’s blockchain center announced the launch marks another step in its effort to develop scalable,…
Is Bitcoin in 2020 Really Like the Early Internet?
It’s a cliche at this point to compare bitcoin to the “early days of the internet,” since they are both examples of emerging technologies. But does the cliche actually hold true? If we work with a vague definition of the…
American Cancer Society Now Accepting Bitcoin Donations Through BitPay
The American Cancer Society (ACS), a non-profit organization committed to funding cancer research, is now accepting bitcoin donations through BitPay. “Cancer affects people from all walks of life, so it’s not surprising that we draw support from a broad cross-section…
Bitcoin Volatility Is Up, Liquidity Stagnant
Liquidity providers are not rushing in. To measure market makers’ enthusiasm for bitcoin, we turn to network data: the aggregate balances of exchange wallets, as a percentage of bitcoin’s total supply. This measure of exchanges’ bitcoin flows shows some responsiveness…
Bitcoin Eyes $7,800 After Biggest Daily Price Gain in a Month
The number one cryptocurrency printed a UTC close at $7,528 on Bitstamp, representing a 5.15 percent gain on the daily opening price of $7,168. That’s the biggest single-day price rise since Oct. 26. On that day, BTC rose by 6.81…
Bitcoin Is Looking at a Short-Term Bull Reversal if Prices Pass $7,400
Stepping back, the cryptocurrency ran into selling pressure near $7,350 on Nov. 24 and fell to six-month lows near $6,500 on the following day. The drop, however, was short-lived and prices quickly rose back to $7,380 before printing a UTC…
How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages
Understanding short-term and long-term moving averages (MAs) is important for trading strategies, whether for cryptocurrency or traditional assets. Two rare but powerful signals that traders look for occur when the short-term and long-term MAs cross. On the upside, that’s the golden…
How Bitcoin’s Lightning Can Be Used for Private Messaging
Bitcoin’s lightning network might have a use case beyond faster and more scalable payments. Last week Lightning Labs developer Joost Jager revealed an experimental, new proof of concept: Whatsat, a version of lightning that can be used to send private…
