Just when Bitcoin (BTC) bulls think that the storm was over, they realize how wrong they were. From the look of things, market indicators for a possible rally are discouraging. Indeed, these are no mere speculations as the BTC price again plummeted on Wednesday, falling to the lowest price in 12 months. This price dip is occurring amid a broader digital asset market sell-off.

The cryptocurrency ecosystem is currently going through a red day as most top cryptocurrencies are currently taking a hit, with some dropping over 20% in the last 24-hour period. The cause behind the massive downswing is, at press time, unclear.

Nicholas Merten, the founder of DataDash, the largest cryptocurrency Youtube channel with over 316,000 subscribers, recently noted that crypto will have “four major cycles” including the “Silk Road phase” from 2011-2013, the “retail speculation” phase from 2016-2017, the “institutional speculation” phase from 2019-2020, and finally the “crypto replaces fiat” phase from 2020-2030. According to Merten, blockchain technology and cryptocurrencies will “reshape the way we think about trust and money.”

Tommy Robinson, a British far-right figurehead, has reportedly been banned from using PayPal. The reasons behind the ban are not specified, but the payment processor has already issued a statement, outlining...

Serial cryptocurrency investor and billionaire Tim Draper has said his Bitcoin price prediction of $250,000 by 2022 is “absolutely solid.” Draper: Serial cryptocurrency investor and billionaire Tim Draper has said his BTC price prediction of $250,000 by 2022 is “absolutely solid.”

Big tech is getting in on blockchain in a big way. Microsoft has launched a cloud-based blockchain development kit powered by Azure. “This kit extends the capabilities of our blockchain developer templates and Azure Blockchain Workbench, which incorporates Azure services for key management, off-chain identity and data, monitoring, and messaging APIs into a reference architecture that can be used to rapidly build blockchain-based applications,” Microsoft blockchain engineering lead Marc Mercuri said.

Japan’s primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges. The Financial Services Agency (FSA) on Wednesday approved the Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed domestic cryptocurrency exchanges, to become a ‘certified fund settlement business association.’

The US rapper and actor T.I. is now being sued for securities fraud in relation to a supposed cryptocurrency scam. Specifically, a group of disgruntled investors filed a lawsuit this past Thursday seeking ”at least $5 million”.

A former Bitcoin tycoon who served a year in prison for his role facilitating transactions on the Silk Road digital drug bazaar is being sued by none other than the Winklevoss twins, the HarvardConnection creators famous for suing Mark Zuckerberg for allegedly stealing the idea for Facebook from them.

In an earlier post, we had explored the possibility of the electric car company of Tesla accepting Bitcoin (BTC) and other cryptocurrencies as a way for customers to purchase the revolutionary eco-friendly vehicles. We had also observed that Bitcoin energy consumption had not been properly analyzed and compared to the entire spectrum of traditional banking and financial activities.

Despite the CEO’s negative outlook on bitcoin, JP Morgan is still investing time and money into related technology

A man spent millions on an enormous plot of land near Reno. Now he wants to build a community based on the blockchain technology introduced by Bitcoin.

For the past few years, cryptocurrency networks like bitcoin have gained a reputation as energy hogs, eliciting headlines comparing their energy consumption to that of mid-sized countries. Now, a new analysis shows mining bitcoin uses more energy, dollar for dollar, than mining gold. “It was definitely surprising,” environmental engineer Max Krause said of his findings, published today in the journal Nature Sustainability.

Bitcoin's white paper solving the double-spend problem in the digital world makes near real-time commerce possible across the entire planet.

Securing crypto tokens hasn’t always been a smooth affair, and it gets even harder when matters of inheritance are concerned. A crypto is basically a virtual currency that’s been coded and protected with strong encryption protocols. As is the case with Bitcoin and others, these encryptions are impossible to crack.

After a week of mixed and choppy trading action, the cryptocurrency markets are now seeing a widespread, albeit relatively minor, drop, stemming from Bitcoin’s decline into the $6,300 region after it failed to stabilize above $6,500 a couple of days ago. At the time of writing, Bitcoin (BTC) is trading at just under $6,400 and isn’t showing any signs of wanting to drop to the bottom of its long-established trading range between $6,200 and $6,700.

ConsenSys CEO Joseph Lubin said that his firm is interested in “promoting the [Ethereum] ecosystem” rather than “controlling it.” Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar way to the web, citing its exponential growth with “hundreds of projects that are already practical for humans” to date.

The US Marshals Service has announced an upcoming auction for over $4 million worth of bitcoin seized during various legal proceedings. The sealed bid auction, which is scheduled to take place in November, will offer approximately 660 BTC seized during about 31 federal criminal, civil and administrative cases under the asset forfeiture framework of the Department of Justice.

Notorious North Korean hacker group Lazarus has stolen more than $571 million in cryptocurrency, a new report from rearch firm Group IB has revealed.

The idea of Bitcoin is pure genius. But, people are still confused about it. Some know what it is, while some are still struggling to ask the simplest questions with fear that they might look silly. Questions can be silly and that’s completely okay! We don’t judge! In fact silly questions can be quite enlightening for everyone and make you look at things at a deeper level. So, we present you with the most silly questions asked by people.

As reported by the trusted news source in China, CnLedger, the country’s merchants can legally accept cryptocurrency as payment. According to reports by the Shenzhen Court of International Arbitration, Bitcoin is now officially recognized property, which allows individuals as well as businesses to transfer and own BTC without conflicting with current financial regulatory protocol. Circulation … Continue reading "Chinese Merchants Are Legally Able to Accept Bitcoin & Cryptocurrency"

The birthing of Bitcoin and other cryptocurrencies has unleashed the next wave of innovation in the technology and fintech sectors but we are not quite there…yet. Bitcoin has just turned 10 years old. 10 years have elapsed since the 2008 financial crisis took hold of the global financial system. Satoshi had indicated that the genesis block and the birth of Bitcoin was a result of people’s loss of faith in the current financial system and the status quo.

Years after the Mt. Gox hack, people are still asking Mark Karpeles for their bitcoin back.

The U.S. Government doesn’t care about your losses. They don’t care if you get scammed. What they care about is their own power, keeping it, and controlling you. There is no better illustration of that than in the disparity in the sentences of Ross Ulbricht and Joshua Homero Garza. It’s been three years since Garza’s actions and even longer since Ulbricht’s arrest so a recap is in order. Joshua Homero Garza, better known simply as Josh Garza was the CEO and founder of GAW Mining, which initially sold mining hardware.

A man in China has been sentenced to three and a half years in prison after stealing electricity from a train network in order to mine bitcoin. Xu Xinghua from Shanxi province pleaded guilty to stealing 104,000 yuan (£11,300), which was used to mine 3.2 bitcoins. At the current price of bitcoin, Mr Xinghua's bounty would be worth around £15,000, however at bitcoin's peak, it would have been worth close to £48,000.

Out of fourteen separate exchange breaches, five have been attributed to the group, among them the industry record-breaking $532 million NEM hack of Japan’s Coincheck this January. The report, dedicated to hacks in 2017 and 2018, identifies the allegedly state-sponsored hacker group Lazarus as responsible for $571 million of the $882 million total in crypto that was stolen from online exchanges during the studied time period; almost 65 percent of the total sum.

A deal between a traditional ATM manufacturer and a cryptocurrency vending machine firm will make it possible to buy bitcoin at tens of thousands of locations in the United States using a debit card. Bitcoin ATM firm LibertyX and regular ATM manufacturer Genmega have forged a partnership which will make it possible to purchase bitcoin using a debit card at up to 100,000 locations in the United States.

Given the steep rise in the value and popularity of cryptocurrencies over the past few years, we’ve witnessed a massive increase in the number…

Venezuelan President Nicolas Maduro announced a series of drastic economic reforms over the weekend, in another desperate attempt to prop up the country’s flailing economy.

Who’s using Bitcoin to buy and sell goods and services? A lot fewer people than you probably would have guessed. After peaking at $411 million in September, the amount of money the largest 17 crypto merchant-processing services received in the best-known cryptocurrency has been on a steady decline, hitting a recent low of $60 million in May, according to research that startup Chainalysis Inc. conducted for Bloomberg News.

The crypto industry is booming, and it’s unlikely to slow down for a long time. For anyone outside of the community, understanding the basics can be a challenge as cryptoinsiders tend to explain things very technically. Here, I have tried to break down crypto concepts. So if you’d like to understand crypto basics, read on...

It’s been a brutal bear market for crypto. Since peaking in early January, the entire space has lost around $640 billion. Every time there’s been a brief rally it’s been followed up by relentless selling. According to OnChainFX, a site that tracks cryptocurrencies, only one coin has seen major gains over the last 30 days, and it happens to be the one that’s the biggest joke of all: Dogecoin. The coin, which was introduced in 2013 as a play on the once popular Doge meme, has surged over 160 percent in about a month.

Bitcoin and other digital currencies are a "Wild West industry" and need to be regulated to protect investors, a committee of MPs has urged. Problems include volatile prices, minimal consumer protection and risks of hacking and money-laundering, says the Treasury Committee. The committee said there were no well-functioning crypto-currencies and preferred to call them "crypto-assets". It urged City watchdog the Financial Conduct Authority to supervise them.

Hackers stole an estimated $59 million from a Japanese cryptocurrency exchange called Zaif, according to a statement released by the owners of the exchange.

A billion-dollar baby of the Bitcoin boom plots its next move.