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Bitcoin’s ‘Untouched Supply’ Reaches All-Time High of 21.6%

Bitcoin’s ‘Untouched Supply’ Reaches All-Time High of 21.6%

bitcoin piggy bank

Newly released data from Coin Metrics shows that the number of un-moved Bitcoin has risen to a new high. Does this mean Bitcoin is a better store of value or does it still have potential as a medium of exchange? Is HODLing Bitcoin Back in Style? Today, crypto-analyst and Tales From the Crypt podcast co-host Matt Odell noted that the amount of untouched Bitcoin has grown significantly over the past five years. Odell referenced a

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Saurel Offers Convincing Reasons Why Bitcoin is Better than Cash

bitcoin

People are becoming increasingly aware of the advantages of using Bitcoin. Now, developer Sylvain Saurel identifies several compelling reasons for preferring Bitcoin over conventional currencies. “Bitcoin is Better than Cash” The combination of an obsolete banking system and a three-thousand-year-old fiat monetary system is becoming incompatible with the new borderless, decentralized, and fast-moving digital economic model. As a result, a growing number of industry experts agree that BTC is better than cash. For example, in

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3 Bitcoin Network Statistics Reach All-Time Highs

3 Bitcoin Network Statistics Reach All-Time Highs

bitcoin network activity ATH

Bitcoin price may be losing ground, but its network is now more competitive – and secure – than ever before, new data shows.  Bitcoin Mining Hashrate, Difficulty, Transaction Output Value Spike According to monitoring resource Blockchain (formerly Blockchain.info), three essential Bitcoin network metrics achieved new daily records at the same time this week.  Hashrate, difficulty and the total value of transaction outputs all surpassed their previous daily all-time highs, indicating that interest in the largest

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Willy Woo Discusses the Greatest Threat to ‘Bitcoin’s Dream’

Willy Woo Discusses the Greatest Threat to ‘Bitcoin’s Dream’

bitcoin caution

Popular crypto-analyst Willy Woo wonders if institutional investment will negatively impact Bitcoin price action.  Willy Woo Wonders… On Tuesday, Adaptive Capital partner and crypto-analyst, Willy Woo, tweeted out a thought that has long been on the minds of many Bitcoin investors. In the semi-stream of consciousness that followed, Woo suggested that the primary reason for the commodity’s sh*tcoin like trading behavior is due to it existing in “a controlled market with a few hands holding

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Tron CEO Justin Sun is in San Francisco

Tron CEO Justin Sun is in San Francisco

Justin sun crypto

The Tron Foundation Founder & CEO Justin Sun is in San Francisco, United States, despite rumours of him being placed under a Chinese exit ban. Tron Chinese Whispers The blockchain entrepreneur published a live Periscope video Tuesday afternoon. He took the viewers on a tour of his surroundings, with San Francisco’s famous Bay Bridge appearing in and of the frame. That proved that Sun was not in China, as Chinese media service Caixin reported earlier.

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Bitcoin Price Analysis: $9,800 Support Stops Price Freefall

Bitcoin

Over the last 3 Days, Bitcoin has dropped around $1,000 forming a tight descending channel. Bears are struggling to gain any momentum as price levels toy with key support around $9,850 as mentioned in my previous analysis. Bitcoin Hourly Chart On the 1 hour chart, we can see the newly formed descending channel as a result of the recent move from $11,000 down to around $9,900 just above key support at $9,850. POC (Point of

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Binance CEO: A US Crypto Ban Would Not Shatter The Industry

Binance CEO: A US Crypto Ban Would Not Shatter The Industry

President Trump wants to ban bitcoin

There has been a lot of speculation recently as to whether US president Donald Trump’s recent tweets on bitcoin and crypto were good or bad for the industry. The doom merchants will cheers his dollar pumping comments but industry leaders see it as a boost for crypto in general. Binance Boss CZ Bullish on Crypto Tweets Speaking to CNBC recently, Binance CEO Changpeng ‘CZ’ Zhao said that Trump’s critical comments on bitcoin and Facebook can

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Bitcoin SV Hard Fork To 2 GB Blocks Will Force Centralization, Say Critics

bitcoin sv

Bitcoin Cash spin-off, Bitcoin SV (BSV), is preparing to stage its own hard fork to allow for giant blocks of transactions weighing in at up to 2 gigabytes. Bitcoin SV: Blockchain Reorgs ‘Original Feature’ On July 24, the altcoin known as Bitcoin Satoshi’s Vision will carry out a protocol upgrade dubbed ‘Quasar.’ According to a press release stated on July 17, among the changes resulting from the upgrade will be the realization of one of BSV’s

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Tron (TRX) Crashes 13.5% After Buffett Lunch Postponement

Tron (TRX) Crashes 13.5% After Buffett Lunch Postponement

Tron

The price of cryptocurrency, Tron (TRX), has fallen by over 13.5% in the past 12 hours. This followed news that CEO, Justin Sun, had postponed his charity lunch with Warren Buffett. Buffett Put Off Lunch By Kidney Stones The reason given for the postponement was a case of kidney stones for Tron Schill-meister-in-chief, Justin Sun. Slightly more information than was needed, but we certainly wish Sun a speedy recovery. TRON Foundation announces postponement of Warren

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How Bitcoin Is Subverting The System In China

How Bitcoin Is Subverting The System In China

bitcoin booming in china

For a lot of people in China, bitcoin is more than just a trading or investment vehicle. With the oppressive Beijing regime constantly clamping down on the lives of its people, many are turning to BTC to subvert the system. Chinese Government Cannot Shut Bitcoin Down It is plainly obvious that they would like to, but the ruling party in the People’s Republic of China simply cannot shut down the Bitcoin network. What the state

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Bakkt Begins Bitcoin Futures User Testing ‘On Schedule’

Bakkt Begins Bitcoin Futures User Testing ‘On Schedule’

bakkt

Bakkt yesterday announced the start of user acceptance testing for its Bitcoin daily and monthly futures contracts. “Testing is proceeding as planned with participants from around the world,” it tweeted. Bakkt Bitcoin Futures Are Finally Present Bakkt had previously announced that user acceptance testing would start on 22 July. So yesterday’s confirmation of this would seem like quite a coup… if this date hadn’t already been postponed multiple times. New York Stock Exchange owner Intercontinental

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Bitfinex Challenges NYAG Claims of Servicing US Customers

Bitfinex Challenges NYAG Claims of Servicing US Customers

bitfinex

Bitcoin exchange platform Bitfinex has issued a court filing refuting claims by the New York Attorney General (NYAG) of servicing US customers in 2018. Bitfinex Says Alleged US Customers are Foreign Entities Earlier in July, the NYAG submitted evidence alleging that Bitfinex provided services to customers based in New York till December 2018, in violation of state law. In response, Monday’s (July 22, 2019) court filing sees Bitfinex accusing the NYAG of misrepresenting the alleged

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Iran Gives Nod to Cryptocurrency Mining

Iran Gives Nod to Cryptocurrency Mining

bitcoin iran

Iran’s government has given the green light to a cryptocurrency mining mechanism, thus recognizing the Bitcoin and crypto industry, local media portal TehranTimes reported on Monday, citing news agency Mehr. Crypto Mining Has Legal Grounds in Iran It’s official – the Iranian governments’ economic committee on Sunday said yes to a cryptocurrency mining mechanism. The decision is a natural result of Iran’s plans to frame the rapidly expanding mining farms into its legal system. Abdolnaser

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Tradingview Hosts 2.5 Million Active Bitcoin Traders Per Month

Tradingview Hosts 2.5 Million Active Bitcoin Traders Per Month

tradingview bitcoin trading

There has been a marked resurgence in active bitcoin traders along with the price rally over the past three months. The tools of the trade are also expanding as more and more people get into bitcoin trading. Bitcoin Traders Grow In Numbers One of the most popular tools of the trade has now reached the remarkable figure of 2.5 million active bitcoin traders. Tradingview is used to provide accurate charts and a full array of

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Palestinian Authority: Cryptocurrency Will Bring Economic Freedom

palestinian authority cryptocurrency

The Palestinian Authority believes issuing a sovereign cryptocurrency token will reduce Palestine’s reliance on the Israeli shekel. Palestinian Authority: First Money, then Power Palestinian Prime Minister Mohammad Shtayyeh recently announced that his government will use cryptocurrency to bypass sanctions levied by Israel. Shtayyeh issued the statement while speaking before the Palestine Center for Computer Emergency Response in Ramallah on July 9. While speaking on Palestine TV, Shtayyeh said:  The Palestinian economy has about 25 billion

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Circle Shifts Exchange Operations to New Bermuda Office

circle

As the U.S. lawmakers and the Treasury Secretary consider implementing stringent regulations against cryptocurrency, Circle has packed its bags and moved offshore to Bermuda. Circle Moves to Evade Oppressive Regulation As regulatory pressure continues to stack up against cryptocurrency companies, Circle has announced that it is moving nearly 100% of its exchange operations offshore. Circle made the announcement earlier today after receiving a Digital Assets Business Act license to conduct business in Bermuda. According to

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Coinbase Adds 5 Million Users in 10 Months, Bulls Returning?

coinbase

San Francisco-based cryptocurrency exchange Coinbase signed up 5 million new users in the last ten months, according to reports. America’s largest cryptocurrency trading portal detailed its upside in a document. The paper showed that it had 25 million customers by the end of September 2018. The number went up sharply in 2019, a period which also witnessed an increase in bitcoin prices. As of July 2019, the US exchange had brought about 30 million users

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Economist Saifedean Ammous, ‘Bitcoin Over Everything’

Economist Saifedean Ammous, ‘Bitcoin Over Everything’

Bitcoin

In a recent tweet crypto analyst Saifedean Ammous says those investing in altcoins are losing a ‘zero sum game’. Bitcoin Over Everything Popular crypto analyst and economist Saifedean Ammous recently tweeted that any investor crypto investor not holding Bitcoin has already “lost the battle”. According to Ammous, cryptocurrency is “a zero sum game, and if you’re not in Bitcoin you’ve already lost.” Ammous explained that the majority of altcoins simply copy Bitcoin and wise investors

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Binance Coin Price Analysis: Huge Volume Loading Up Behind BNB

Binance Coin Price Analysis: Huge Volume Loading Up Behind BNB

binance coin

Binance Coin (BNB) is standing out as the best performing cryptocurrency among the the top 10 right now, having secured a 29% gain over the last 2 weeks. Analysis suggests further upside movements could play out over the coming days and weeks. Binance Coin Daily Analysis On the daily chart, we can see the pull-back stemming from 0.0044 sats at the beginning of July that resulted in price levels retracing back to the current market

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India: Gov’t Committee Recommends Blanket Cryptocurrency Ban

India: Gov’t Committee Recommends Blanket Cryptocurrency Ban

bitcoin ban india official

The Inter-Ministerial Committee (IMC) set up to look into bitcoin and cryptocurrency regulations in India says the government should ban virtual currencies. India May Soon Finalize Total Bitcoin Ban In a report submitted on Monday (July 22, 2019) the IMC recommended that the government institutes a total bitcoin ban. An excerpt from the report reads: As for private cryptocurrencies, given the risks associated with them and volatility in their prices, the Group has recommended banning

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Gold vs Bitcoin YTD Returns on $1,000 Investment, How Do They Compare?

bitcoin

Bitcoin is often nicknamed digital gold, but how does it stack up against physical gold in terms of returns and scarcity? YTD Returns: Bitcoin Exceeds Gold by a Mile If you had invested $1,000 in gold at the start of the year, you would have had about $110 in profits, which is not that bad. The same amount invested in Bitcoin would have brought you over $1,640 in profits. Gold is well-known for its capabilities

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Trillions of Dollars Could Flow into Bitcoin Over Next 25 Years, Grayscale

bitcoin

With the ‘gold-loving’ baby boomer generation set to retire; trillions of dollars could potentially flow into bitcoin — the emerging favorite among millennial investors. Twilight Dawns for Baby Boomer Generation Speaking during the 2019 Mid-Year Review Webinar, Barry Silbert, CEO of Grayscale highlighted that there is an imminent generational wealth transfer that could change the dynamics of store of value (SoV) investing in the United States. According to Silbert, the baby boomer generation (between 1951

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7 Financial Crisis Triggers That Will Boost Bitcoin Adoption

bitcoin adoption financial crisis

Bitcoin is increasingly being viewed as a store of value, even US politicians are now accepting this notion as investors grow increasingly wary of fiat and its propensity for devaluation. One of the biggest fears is a repeat of the global financial crisis which wiped billions off stock markets and plunged economies into turmoil. Seven Financial Crisis Triggers The next one could be closer than we think and there are a number of trigger events

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Bringing Better Bitcoin Awareness To Botswana

bitcoin

SatoshiCentre in Botswana has been a Bitcoin educator and FinTech incubator since 2014, and is driving innovation in one of Africa’s most prospering crypto country.  Bitcoin Awareness In Botswana SatoshiCentre was the brainchild of ‘Bitcoin Lady’, Alakanani Itireleng, a tireless champion of Bitcoin and regular keynote speaker. Her initial intent was to create a platform to increase awareness of Bitcoin and blockchain technology in Botswana and Africa. This was at a time when cryptocurrency was

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Bitcoin Darknet Spending 800x Lower Than Fiat Money Laundering: Research

bitcoin

Bitcoin contributes 800 times less value to the world’s money laundering total than fiat, new data suggests. $1 in BTC, $800 in Fiat The result of fresh research from analysis firm Messari, the giant figure adds to the increasing stack of evidence that cryptocurrency does not play a large role in illicit financial activity worldwide.  According to Messari, which released its findings on July 16, for every $1 dollar in BTC spent on the darknet,

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Bitcoin Is ‘Best Long Term Investment’ Per 4 Percent Americans: Study

Bitcoin Is ‘Best Long Term Investment’ Per 4 Percent Americans: Study

Bitcoin investment america

4 percent of Americans chose Bitcoin and other cryptocurrencies as the best investment option for the long term, according to a recent SSRS study. Separately, an earlier survey, commissioned by Fidelity Investments, concluded that 47 percent of institutional investors see crypto-assets as part of their portfolios. Bitcoin on its Way to Becoming America’s favorite Investment Option SSRS conducted the survey on behalf of Bankrate.com to identify America’s most popular long-term investments. Thus, researchers posed the

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Bitcoin Price To Move Higher After Neutral Weekly Close

Bitcoin Price To Move Higher After Neutral Weekly Close

bitcoin price ready to breakout

As bitcoin price closes out another weekly candle, traders and analysts are scrambling to predict its next move. The longer BTC consolidates, the larger that move is likely to be, and it could be coming soon. Bitcoin Price Consolidation Persists … Yesterday’s retest of $11,000 was very short-lived. Bitcoin price fell back to record an intraday low of $10,330 which was tested a couple of times. BTC recovered to reach $10,600 where it has consolidated

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