Bitcoin Cryptocurrency News

$15m Liquidated as Bitcoin Surges to $9,800 for the First Time in Weeks

After days of consolidation, Bitcoin experienced a crucial breakout over the past few hours. The cryptocurrency just minutes ago tapped $9,800, the highest price it has traded at in over 10 days. With this latest move higher, the cryptocurrency is up approximately 5% in the past 24 hours. This is strong, especially when compared to Read more…

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Cryptocurrency News

Investors Expect Bitcoin Price to Rip to $11,000 Before the Nasdaq Hits 11k

After a brutal liquidation event in March on the back of pandemic fears, both Bitcoin and stocks have mounted an impressive comeback. Yet it is cryptocurrencies that are leading the pack, posting a strong performance in one of the worst economies since the Great Depression. The leading cryptocurrency is up more than 150% from the Read more…

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Cryptocurrency News

Bitcoin Crashes $1,000 as S&P 500 Dips 4.5%: What Analysts Think Comes Next

Bitcoin continued to slip lower after Bitcoinist’s previous market update. The cryptocurrency slipped from the $9,500 support where it was attempting to hold to a low of $9,070 on major exchanges. This means that from the daily high of ~$10,000, BTC has dropped by nearly $1,000 — one of the biggest moves since last week’s Read more…

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Bitcoin Cryptocurrency News

Millennials Trust Bitcoin-Based Equities Over Microsoft, Disney Stock

Bitcoin-based investment has made its way into the portfolios of the youngest investors, as millennials allocate a part of their retirement to Bitcoin-based stock. Millennials Allocate Funds to Different Asset Mix Analysis of self-directed brokerage accounts show a generational divide in selecting assets. Older GenX investors have no exposure to Bitcoin (BTC) through financial instruments, Read more…

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Altcoin Cryptocurrency News

Enjin (ENJ) Surges 60% Following Partnership With Microsoft

Enjin Coin surged 60% today after a successful partnership announcement with Microsoft. ENJ broke above the 1000 SAT level and looks to continue. Enjin is now ranked as the 72nd top cryptocurrency with a market cap of $50 million. Enjin Partners Up With Microsoft Microsoft and Enjin have teamed up to create Azure Heroes – Read more…

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Bitcoin Blockchain Cryptocurrency News

Adoption: 5 Business Industries That Accept Bitcoin In 2019

Bitcoin saw the light of day a decade ago, and since then, it attracted serious interest in the financial sector. Even though a lot of people use it mainly to get exposure to its price denominated in fiat currencies, there are a lot of businesses that accept Bitcoin as a payment method. Traveling With Bitcoin Read more…

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Cryptocurrency News Ethereum Market

Ethereum Hard Fork: How Important Is Backwards Compatibility?

The Ethereum Foundation has delayed the testnet launch of the Istanbul update until the start of October. But some are raising concerns about one of the Ethereum Improvement Proposals (EIPs) which will break certain smart contracts. So should technology be backward compatible ad infinitum?… or is a little disruption necessary in the name of progress? Read more…

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Blockchain Cryptocurrency News

Indian Firms Big on Blockchain But Gov’t Still Myopic on Crypto

It appears that the Indian government is mirroring China’s movements with regards to blockchain and cryptocurrency. A huge project by Indian mobile network operator, Reliance Jio, plans to roll out the country’s largest blockchain platform, yet lawmakers remain myopic about cryptocurrency. World’s Biggest Blockchain Platform In a series of announcement at the Reliance annual general Read more…

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Blockchain Cryptocurrency News

Verizon Hiring Blockchain Experts for Distributed Network Project

U.S. telecom giant Verizon appears ready to join the blockchain space as its website currently lists 35 vacancies requiring ‘blockchain technology knowledge’. Verizon Joins the Fray A recent LinkedIn post for blockchain-engineers indicates that telecom giant, Verizon, could be in the process of building a blockchain-based product focused on privacy, payments, and security. According to Read more…