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News

President of Xapo: Bitcoin Will Become The Global Reserve Asset

NewsBTC - 1561 hours ago

Ted Rogers, president of the cryptocurrency giant, Xapo, believes that Bitcoin will become a global reserve asset, similar to the role the U.S. dollar plays today. Ted Rogers, Unexpected Bitcoin Bull? The recent bearish trends in the cryptocurrency market have not fazed Xapo’s president one bit, as he still holds bullish sentiment regarding Bitcoin’s value in today’s world. .@tedmrogers, presiden...

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Bitcoin Price Weekly Analysis: Can BTC/USD Gain Traction?

NewsBTC - 1563 hours ago

Key Points Bitcoin price is currently consolidating around the $6,500 level against the US Dollar. The BTC/USD pair is currently attempting an upside break above a declining channel with resistance at $6,500 on the 4-hours chart (data feed from Kraken). The pair may move a few points higher, but there are many hurdles on the upside near the $6,800 level. Bitcoin price is stable above the $6,400...

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Mining Consumes Half as Much Power as BECI Estimates – Coinshares

Bitcoin news - 1564 hours ago

Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland. Said stories appear to have been triggered by research published by Alex de Vries citing Digiconomist’s Bitcoin Energy Consumpti...

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Ethereum Price Weekly Analysis: ETH/USD Remains at Risk

NewsBTC - 1564 hours ago

Key Highlights ETH price is struggling to move higher above the $510 and $520 resistance levels against the US Dollar. There is a key bearish trend line in place with resistance near $505 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses if it fails to move above the $505 and $510 resistances. Ethereum price is slowly moving lower versus the US Dol...

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Markets Update: SEC Adds a Brief Market Spike — But Will It Last?

Bitcoin news - 1566 hours ago

Cryptocurrency markets are steadily coasting along after suffering from some volatile low swings last week. Over the past 24 hours, most cryptocurrencies are still in the red nurturing losses between 1-3 percent, and a few are in the green by a few percentages. At the time of publication, the price of bitcoin cash (BCH) is hovering around $850 per coin. Meanwhile, bitcoin core values are meanderin...

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Blockchain Will Become “Obsolete” Says George Friedman

NewsBTC - 1567 hours ago

George Friedman, a respected geopolitical forecaster, believes that blockchain technology will become ‘obsolete’ over time.  Can Blockchain Encryption Be Broken Through Quantum Computing? George Friedman’s negative attitude shown towards blockchain technology has proven to be rather unpopular. Most critics of Bitcoin and other cryptocurrencies have yet to turn their skepticism to blockchain techno...

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Robinhood CEO Believes Cryptocurrencies Are Here To Stay

NewsBTC - 1569 hours ago

Robinhood is by no means an ‘elder’ in the cryptocurrency industry, only opening up its cryptocurrency division in early January. Despite this, Robinhood’s co-CEO, Baiju Bhatt, believes that the cryptocurrency market has a strong future ahead of itself. “Bitcoin Just Keeps on Coming Back” During an interview with Yahoo Finance, Bhatt expressed his positive sentiments regarding the cryptocurrency...

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BIS GM Argues New Cryptos Are “the Alchemy of the Age of Innovation”

Bitcoin news - 1572 hours ago

The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018. The report includes an op-ed written by BIS general manage...

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Wendy McElroy: Crypto Can Create a “Perfect” Political System

Bitcoin news - 1577 hours ago

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 6 Crypto Can Create a “Perfect” Political System The anarchists…work not for a perfect social state, but for a perfect political system. A perfect social state is…totally free from sin or crime or folly; a perfect political system is merely a system in which justice is observed, in which nothing...

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Bitcoin in Brief Saturday: Coins for Drivers, Prisoners, and Conservationists

Bitcoin news - 1579 hours ago

Today’s Bitcoin in Brief features several examples of digital coins entering all spheres of life. A leading German auto manufacturer has revealed its cars may soon be fitted with onboard cryptocurrency wallets. A company now offers crypto payments for inmates in prisons across America. And in South Africa, a new token will support rhino conservationists, while fighting poachers.   Also read: Bitco...

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