Bitcoin News Summary – April 22, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Belorussian leader, Alexander Lukashenko, last week called for a large Bitcoin mining center to be constructed near the country’s new nuclear power plant which is expected to be fully operational by 2020. Belarus has already developed a special economic zone, the High-Tech Park, with significant tax breaks for IT and crypto companies. Sweden’s largest political party, the Social Democratic Party, tweeted that the Swedish Krona was abolished in favor of Bitcoin and renamed its account to “Bitcoin Democrats”. Swedes…

Bitcoin News Summary – April 15, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  We reported previously that Electrum Bitcoin wallets were under phishing attack, and recommended that users update to the latest version only via the official Electrum dot org website. This has now escalated to a Denial of Service attack from over 25,000 IP addresses, aimed at disrupting connections between user wallets and legitimate Electrum servers. Users are urged to disable auto-connection to random servers and to instead set a trusted server. We get many questions about debit cards so we’re…

Bitcoin Price above $3,000 is Good News for Bulls: Analyst

Bitcoin price above $3,000 is good news for bulls, according to Crypto Michael. The full-time trader and cryptocurrency commentator said bitcoin scaling between $3,000 and $5,000 was bullish, adding that a drop below $3,000 would result in an equally strong bullish makeover. “The future perspectives of BTC are brilliant, and we’ll laugh about $5,000 in some years,” Michael predicted. Reminder to everyone whose not trading. Scaling in between $3,000 and $5,000 is very good. Lower than $3,000? Fine, use some to buy some. The future perspectives of $BTC are brilliant…

Bitcoin News Summary – April 8, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Professional crypto traders suggested that this week’s dramatic price rise was a result of a major short squeeze in a low liquidity environment. A major Bitcoin buy order was split between at least three major exchanges, and the resulting upwards price pressure led to $500 million in desperate short-covering occurring within an hour on BitMEX. As usually happens when Bitcoin price news is trending, search volume is exploding. Google Trends reveal that search interest for the keyword “Bitcoin” is…

Bitcoin News Summary – April 1, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Wuabit crypto wallet will be accessible within WhatsApp. Bitcoin will be supported at launch, with altcoins set to follow. The wallet uses a simple and intuitive chat interface for transactions. This wallet has the potential to boost adoption, as WhatsApp has over a billion users. Major Bitcoin investor, Tim Draper, met with Argentinian president, Mauricio Macri to discuss monetary matters. Draper bet Macri that Bitcoin will increase in value relative to the Argentinian peso. If Draper loses, he pledged…

Bitcoin News Summary – March 25, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Digitec-Galaxus, considered Switzerland’s Amazon.com, started accepting Bitcoin and 9 major altcoins. The company will utilize payment processor Coinify to instantly convert all crypto received into Swiss francs. The company may expand this initiative to German customers in future. Jack Dorsey, CEO of Twitter and payments app Square, tweeted that Square is hiring crypto engineers. These developers will be paid for working on open source Bitcoin or crypto projects, and will be paid in Bitcoin. Binance is launching a new…

Coinbase Pro Has Good and Bad News Regarding Fees for Traders

Coinbase Pro is changing its fee structure later this week, with bottom tier traders seeing a hike and higher value clients paying less. The San Francisco-based cryptocurrency exchange announced the news in a blog post on Friday, saying that, starting March 22, market makers and takers who fall under the pricing tier of up to $100,000 will be subject to total fees of 0.40 percent, as compared to up to 0.30 percent (taker only) currently. The $100,000 to $1 million tier will stay with the current total fee of 0.30 percent,…

Bitcoin News Summary – March 18, 2019

Here’s what happened this week in Bitcoin in 99 seconds.    Some disappointing news came out when Samsung revealed that the hardware wallet on their newly-released S10 phone will only support Ethereum, ERC20 tokens, and four dApps. It appears that Samsung will upgrade the wallet to also support Bitcoin and further altcoins in the future. Chinese ASIC producer, Canaan Creative, has raised several hundred million Dollars in funding. The firm’s valuation is now placed at over $1 billion. Although details are scarce, it is assumed the majority of the…

Crypto News | SEC Rules ETH NOT Security; Binance Adds XRP

The cryptocurrency market is making a comeback this week, after closing out last week in the red. Crypto news was pretty slow last week, but it has picked up a bit today. This morning, CoinCenter released news that the SEC Chairman confirmed that ETH is not ruled as a security by the regulator. In addition to this big news, Binance announced it has added XRP and credit card payment support to its Trust Wallet app. Let’s get into it! Jay Clayton Rules ETH a “Non-Security” When investors began taking notice of…

Bitcoin News Summary – March 11, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Following the hashtag “DeleteCoinbase” campaign we reported on last week, the exchange announced on Monday that it will it fire all former the Hacking Team members it hired recently. These members were involved in selling malware to governments prior to starting a blockchain analytics company, which Coinbase acquired. Contributing to Binance Coin’s rise, Binance exchange announced that Argentina’s government will match investments into a blockchain accelerator program run by Binance Labs. It’s a sign of the state’s positive approach to…