Bitcoin Price Remains Above $7,200 For 3 Days, Where is Market Headed?

Bitcoin Price Remains Above $7,200 For 3 Days, Where is Market Headed?

Advertisement Since early August, Bitcoin has shown a level of stability it hasn’t seen since early 2017. Throughout this week, bitcoin price has remained above the $7,200 mark. Since Sunday, the cryptocurrency market has not seen any major movement to both the upside and downside, possibly due to the lack of momentum and volume in…

Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record

Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record

Advertisement Over the weekend, Bitcoin Cash conducted a stress test designed to prove to merchants and businesses worldwide that its mainnet is capable of scaling on chain and handling huge transaction volumes currently. The principal takeaway from the results of the test was that increased transaction volumes did not lead to a fee surge, and…

Bitcoin Price Intraday Analysis: BTC/USD Could Attempt Pullback

Bitcoin Price Intraday Analysis: BTC/USD Could Attempt Pullback

Advertisement On Monday, bitcoin price corrected weakly to the downside, summing up the pullback close to 3 percent. The BTC/USD looked lazy the whole day. The pair earlier corrected from its intraday high near 7340-fiat and continued its fall until hitting today’s low at 7203-fiat during the Asian morning session. The pair recovered later in…

Dogecoin Recovers Losses, Rises More than 18 Percent

Dogecoin Recovers Losses, Rises More than 18 Percent

Advertisement Dogecoin on Monday recorded more than 18 percent gains against the US Dollar. The DOGE/USD kickstarted the day adding value to its prevailing upside momentum. During the early Asian trading session, the pair had made higher highs towards 0.00572-fiat. It only began to stumble as the session matured and fell towards 0.00498-fiat at the…

Former PayPal CEO Brands Bitcoin a ‘Cult’, Trashes Use Cases

Former PayPal CEO Brands Bitcoin a ‘Cult’, Trashes Use Cases

Advertisement Bitcoin believers and enthusiasts beware, you could be unwitting members of a cult if Bill Harris is to be believed. Speaking on CNBC’s Fast Money program, the former CEO of payments services firm PayPal claimed that bitcoin’s supposed advantages are non-existent. “The cult of bitcoin make many claims — that it’s instant, free, scalable,…

Russian Police Seize 22 Cryptocurrency ATMs Under Central Bank Request

Russian Police Seize 22 Cryptocurrency ATMs Under Central Bank Request

Advertisement Russian police have recently seized cryptocurrency ATM machines under orders from the country’s central bank. According to local publication RBC, the ATM developer impacted by the seizure plans to appeal the action, and has incurred economic damage and costs to its reputation, said Sarkis Darbinian, an attorney for the Center of Digital Rights, which defends the…

Firm Bets on 900MW Wind Farm in the Sahara Desert to Mine Bitcoin

Firm Bets on 900MW Wind Farm in the Sahara Desert to Mine Bitcoin

Advertisement As Bitcoin mining becomes more popular, the electrical cost for running the operation is causing a series of problems for local communities and environmental groups. Soluna, a computing company that uses renewable energy to power its systems, wants to offset the carbon footprint of mining Bitcoin by building a wind-powered blockchain computing infrastructure in…

Laos Central Bank Warns Public Against Cryptocurrency Trading

Laos Central Bank Warns Public Against Cryptocurrency Trading

Advertisement Laos’ central bank has published a notice cautioning the public against cryptocurrency trading and their usage in payments. In a notice [PDF], dated 29 August, the Bank of Laos (BOL) said the public is warned against the use of “unregulated” cryptocurrencies, specifically naming Bitcoin, Ethereum and Litecoin as examples. Addressed to merchants, traders and residents,…

Thailand AML Watchdog Plans to Seize Bitcoin from Criminal Proceeds

Thailand AML Watchdog Plans to Seize Bitcoin from Criminal Proceeds

Advertisement Thailand’s anti-money laundering agency is considering sealing a loophole that has seen cybercriminals face every other consequence for their actions except have their digital assets confiscated. According to the secretary of Thailand’s Anti-Money Laundering Office (AMLO), Witthaya Neetitham, the government agency is planning on setting up its own cryptocurrency wallet for the purposes of…