Bitcoin News Summary – February 4, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Bitcoin has officially entered the longest stretch of declining prices in its 10-year history. The world’s oldest cryptocurrency achieved an all-time high of $19,764 on December 17, 2017 and has posted a series of lower price highs ever since, making February 4, the 413th consecutive day prices have been in decline. Canadian exchange, QuadrigaCX, announced bankruptcy. Nearly $200 million is owed to clients. According to the exchange’s website, access to cold wallets was lost. The backstory is that the…

What Makes Bitcoin ETF Delay a Good News for Crypto Industry

Bitcoin fell by more than 80% in the past twelve months. The overly impressive bull run of 2017, which led the digital currency value to the peak of $20,000, followed a whole bearish year whereby the price crashed to lows near $3,000. Lack of institutional investors and strict regulations, analysts believed, was one of the primary reasons behind the bitcoin crash. No ETF in Q1 2019 Bulls hoped 2019 to be a year of bitcoin correction when some of the biggest financial companies announced products for its market. Fidelity, a…

Bitcoin News Summary – January 21, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Mining giant, Bitmain, is closing another office in Amsterdam and they are also halting its mining operation in Texas. While bad for Bitmain, these developments are actually improving decentralization in the Bitcoin mining space. Currently, only the BTC.com mining pool controls more than 11% of the total hashrate. South Korea’s government will offer tax breaks to its blockchain companies. Blockchain companies in the country will receive between 20 to 40% tax relief on their R&D expenditure, encouraging innovation. Speaking…

Crypto News | UPS Invests in Blockchain & Circle Stablecoin Fully Backed

All major cryptocurrencies are seeing red again today. This week has brought higher-than-normal volatility for most of the top digital currencies on the market, making investors scratch their heads. Today, we’ll take a look at the latest trending crypto news. Crypto News: UPS Invests in Blockchain Today, the top crypto news is surrounding the logistic giant, the United Parcel Service (NYSE:UPS). It was announced that the investment arm of the shipping company made an undisclosed equity investment in the US enterprise blockchain company, Inxeption. This UPS investment will be used…

Bitcoin News Summary – January 14, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  At Consumer Electronics Show, Ledger confirmed the new Nano X hardware wallet will contain Bluetooth support. This will allow users to run mobile wallets with far greater security. The Nano X is expected to begin shipping in March 2019 at a price of $119. French tobacconists Tabac will officially start selling Bitcoin across their 6,500 branches. Bitcoin vouchers will be sold in the shops which can then be redeemed via a website. Rumors swirled that Jihan Wu, the controversial…

Crypto News | EOS Surges and Ripple Exec Not Phased by Bull Market

In today’s edition of crypto news, we’ll cover why EOS is surging and the details behind why a Ripple executive isn’t phased by the current crypto bear market. EOS Surges as Other Coins Fall EOS is currently leading the top 40 cryptocurrencies for total market gains this weekend. The world’s seventh-largest cryptocurrency project has received a wave of criticism as of late for its lack of decentralization. This weekend, EOS jumped up more than 16%. At this time, it remains unclear why the coin surged so much. Coinbase is exploring the…

Crypto News | Bitcoin Mining in Norway and the State of the Crypto Market

In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low. Crypto News: Bitcoin Mining in Norway A Swiss newspaper made the announcement today that its country will be acting to end electricity subsidies for Bitcoin mining. Until now, mining farms operating in Norway have been paying a low rate of 0.48 ore per kilowatt. As of January 2019, it will be raised to 16.58 ore per…

Bitcoin News Summary – November 5, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  Former US congressman and famous Libertarian, Ron Paul, advocated for the abolition of all taxation on cryptocurrencies. Paul said such a move may prevent recession. He also supported President Trump’s recent criticism of the Federal Reserve. Venezuela’s state cryptocurrency, the Petro, was officially launched. However, reports indicate that only Petro certificates are currently being sold, not actual crypto coins. South Korea’s central district court ruled that banks may not terminate partnerships with crypto exchanges without good reason. The country’s…

Bitcoin News Summary – October 29, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  Crypto markets remain steady this week. Markets were largely unchanged from last week, with Bitcoin holding the $6,400 level, Ethereum keeping its $200 level, XRP steady at 45 cents and BCH holding the $440 range. The total crypto market cap is now at around $209 billion, of which Bitcoin’s value comprises 53.6%. Japan’s Sony Corporation announced a new crypto hardware wallet. The wallet uses contactless technology, meaning that it doesn’t have to be plugged into a PC or mobile…

Bitcoin News Summary – October 22, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  US investment giant Fidelity, which has over $7 trillion under management, announced its new crypto custody and order execution service, Fidelity Digital Asset Services. Fidelity aims to make Bitcoin trading accessible to major institutions, such as hedge funds. Major exchange Bitfinex re-opened fiat deposits for its 4 support currencies: Dollars, Pounds, Yen and Euros. Bitfinex claim their new system is more reliable. This funding mechanism was on hold for about 11 days. This raised concerns, especially regarding Tether, the…