|Day's range||5,371.31 - 5,626.83|
|52-week range||3,169.53 - 9,968.85|
|Volume (24 hrs)||368.88M|
|Volume (24 hrs) all currencies||2.90B|
The number of transactions per day on the Bitcoin blockchain has been on the rise recently, and has once again eclipsed 400,000. Confirmed transactions have been on the up since the project’s inception over a decade ago and topped out at just under 500,000 transactions per day during the 2017 bull run when price hit $20,000. The fact that intrinsic network activity is again so high may signify a change in market sentiment, as confidence and volume return to the layer-one decentralised protocol. The most important chart in crypto https://t.co/XME5jivO5x #bitcoin #blockchain #finance — Erik Voorhees (@ErikVoorhees) April 23, 2019 Since the 2017 peak, we saw demand for on-chain transactions collapse in the face of fees rising above $25 for The post Number of confirmed Bitcoin transactions per day hits highest level since last bull run appeared first on Coin Rivet.
New York crypto lending firm BlockFi has announced a slew of updates that will come into effect at the start of May, including a reduction of its bitcoin deposit minimum from 1 BTC to .5 BTC and the ability to service clients in India, according to a new blog post.The post BlockFi reduces bitcoin deposit minimums; announces expansion into India as crypto deposits swell above $50 million appeared first on The Block.
Bitcoin’s most recent break above the $5,400 resistance level has seen an increase of around $25 million worth of margin short interest, with short interest overtaking long interest on crypto exchange Bitfinex for the first time this year. At the time of writing, there is currently around 24,500 BTC worth of short interest on Bitfinex ($137 million) compared to the 24,000 BTC ($134 million) in margin long interest. The margin long-short interest on the exchange is seen as a measure of sentiment for Bitcoin and the crypto markets, which have seen a flurry of trading volume following the April Fools’ Day rally. With Bitcoin’s most recent move up, it looks as though the orders protecting higher prices on the Bitfinex The post Bitcoin breaks to yearly highs as margin shorts overtake longs on Bitfinex appeared first on Coin Rivet.
23rd April 2019 – The Panxora Group, a cryptocurrency consortium, today announces the launch of its ICO Treasury Management Service (TMS). The TMS helps founders manage the capital raised through Initial Coin Offerings (ICOs) to ensure that it is preserved from the volatility of cryptocurrency and can support business growth. Recent research has shown that over half of ICOs fail within four months of their launch, often due to financial mismanagement. For young crypto companies, managing ICO capital is a daunting task. Keeping it in crypto exposes it to volatility and risks loss, while converting it immediately to fiat could mean a missed opportunity to take advantage of a rising crypto market. In response, Panxora has launched the TMS to The post Panxora safeguards ICO assets with crypto treasury management service appeared first on Coin Rivet.
The brilliantly named Angus Champion de Crespigny spent more than a decade at Big Four accounting firm Ernest and Young, focusing on blockchain during his last couple of years there. In 2018, he left the company to focus on other projects, stating that he was disillusioned with the blockchain space. And now he is no longer working in the Bitcoin/crypto industry, having taken a new role outside of it. Champion de Crespigny made the announcement on Twitter. Some news: I am no longer working full time in the bitcoin/cryptocurrency industry, and have taken a role outside it. I’ve had a number of people ask why, or seem surprised, so I thought I’d lay out my rationale in case it is of The post Former E&Y blockchain big hitter quits overcrowded crypto space appeared first on Coin Rivet.
Bitcoin vs Bitcoin Cash is a battle that has been raging for over a year now. What was once a community of one – Bitcoin – split into two via a hard fork in 2017. The debates surrounding these coins often get heated and tribal. This article will explore what led to such division and the key differences between Bitcoin and Bitcoin Cash. How did we get here? Bitcoin was set up to handle block sizes of 1MB. As more and more people use the network, these block sizes can fill up the memory pool, causing transactions to be delayed. To increase the speed of transactions, people could choose to pay a more expensive fee to fast-track their transaction. This The post Bitcoin vs Bitcoin Cash: The differences you need to know appeared first on Coin Rivet.
The price of Bitcoin is what the majority of people focus on. From starting out at less than $0.01 to the peak of $20,000, the Bitcoin price history has been a roller coaster, with numerous ups and downs. The beginning When Bitcoin was first born, there was no price attached to the cryptocurrency to begin with. Early miners would often send Bitcoins to other people as gifts for free so that they could play with the technology. One of the early Bitcoin developers, Martti Malmi, believes he made the first Bitcoin-to-US dollar transaction when he sold 5,050 Bitcoin for $5.02 on 12th October 2009. This could be regarded as the beginning of the Bitcoin price history. A more infamous transaction The post Key moments in the Bitcoin price history appeared first on Coin Rivet.
In the latest weird-but-wonderful trend taking over the crypto community, Satoshi's Treasure kicked off this week. The global hunt for $1 million in BTC requires players to find private key fragments spread across the physical world and the internet by breaking encryptions.The post We talked to the co-creator of Satoshi's Treasure, the million-dollar global bitcoin scavenger hunt appeared first on The Block.
“While lower prices are still possible, Bitcoin’s fundamentals are gaining momentum. Embraced by Millennials, its ecosystem is developing at rapid clip, both as a decentralised bottom-up disruptive technology, and as an uncorrelated, highly liquid financial asset for institutional portfolios around the world.” Adamant Capital Bitcoin is only risky to those who don’t understand it. — Pomp 🌪 (@APompliano) April 19, 2019 “Blockchain will become critical for financial institutions aiming to improve their bottomline. We anticipate that banks stand to save close to $27 billion a year by 2030 through blockchain implementation.” Juniper Research @CoinRivet Total crap! Snake oil salesmen mining gullible suckers. #Bitcoin is pump&dump #scam. This BS hype is the pump. Price only based speculation. #Blockchain developers long The post The blockchain/crypto week in quotes appeared first on Coin Rivet.
The recent Bitcoin price rebound does not mean the cryptocurrency will be heading back to its all-time highs of near $20,000 any time soon, according to Kevin Dennean, tech analyst at UBS. “The argument here is that Bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past,” he wrote in a research note to clients. He flagged up previous bubbles such as the Dow Jones in the Great Depression, the Nikkei in 1989, the Dotcom Boom and Bust, oil in 2008, and China’s recent stock market crash. “We’re struck by how long it took other asset bubbles to recover their peak levels (as long as 22 The post Don’t believe the hype. UBS analyst issues Bitcoin warning appeared first on Coin Rivet.
Flexa Flexa has raised $14.1 million to develop a payment network for retailers. It claims that this will reduce costs, overhead and fraud by means of blockchain-based settlements. Investors include 1kx, Access Ventures and Nima Capital and Pantera Capital. Tyler Spalding, Co-Founder and CEO of Flexa, says: “The anti-fraud and cost benefits of global cryptocurrency payments are enormous, but there are many barriers to mainstream adoption for merchants and consumers alike. Flexa’s going to change that.” Fastbitcoins Fastbitcoins, a service that lets people buy Bitcoins in physical retail outlets using cash, recently signed its first strategic partnerships since launching earlier this year. It says that the Bitrefill, Breez and Samourai tie ups will help it to “move closer to creating an The post Five crypto/blockchain startups to watch in 2019 appeared first on Coin Rivet.
17th April 2019 – eToroX, the blockchain division of global investment company eToro, has today announced the launch of its crypto exchange – a secure and regulated trading venue offering a range of cryptoassets as well as a suite of stablecoins. Yoni Assia, Co-founder and CEO of eToro, says: “Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence. This is the future of finance. Blockchain will eventually ‘eat’ traditional financial services through tokenization.” At launch the exchange will have a range of instruments including: · Eight fiat-stablecoins The post eToroX launches crypto exchange including suite of unique stablecoins appeared first on Coin Rivet.
Bitcoin is in the last stage of the bear market, the accumulation phase, according to a report from digital assets fund Adamant Capital. “The current sentiment has recovered from capitulation and the blockchain shows us that Bitcoin HODLers are committing for the long-term again. This is confirmed by our drawdown and volatility analyses,” the report states. “While lower prices are still possible, Bitcoin’s fundamentals are gaining momentum. Embraced by Millennials, its ecosystem is developing at rapid clip, both as a decentralised bottom-up disruptive technology, and as an uncorrelated, highly liquid financial asset for institutional portfolios around the world.” The long term risk-reward ratio for Bitcoin is currently the most favourable of any liquid investment in the world. Adamant Capital reckons The post Bitcoin heads for mass market adoption as Millennials get onboard appeared first on Coin Rivet.
Bitcoin forks are defined as changes in the protocol of the Bitcoin network. Forks can also be defined as the situations that occur when two or more blocks have the same block height. A fork, in essence. influences the validity of the rules. Usually there are significant changes associated to hard forks, even though any type of fork usually brings change to the protocol. Forks are typically conducted in order to add new features to a blockchain or to reverse the effects of hacking or catastrophic bugs. Forks require consensus to be resolved or else a permanent split emerges. Soft fork vs hard fork A soft fork is a backward compatible method of upgrading a blockchain. In other words, a The post Major Bitcoin hard and soft forks. Where are they now? appeared first on Coin Rivet.
If you’re looking to convert Bitcoin to euro, it isn’t quite as straightforward as popping along to your local bureau de change. There are a few different ways to cash in your Bitcoin, and they each have their advantages and disadvantages. The most popular method is to use a centralised exchange like Coinbase or Gemini, but you could also trade your Bitcoin through a peer-to-peer platform or use a Bitcoin prepaid card. Whichever method you use, you need to make sure it is safe and secure. Start by exploring the reputable exchanges Exchanges like Coinbase and Gemini not only let you buy Bitcoin – they also enable you to sell your Bitcoin and other cryptocurrencies for fiat. The exchanges connect The post Looking to convert Bitcoin to euro? Follow these tips appeared first on Coin Rivet.
Sometimes I feel I know a lot about Bitcoin, blockchain, how the crypto space properly functions, and how it will most likely evolve. From time to time, I even consider myself an expert. But then reality strikes when you happen to have a chance to speak to a Bitcoin community superstar like Jimmy Song. Jimmy has been a programmer for most of his life and joined the Bitcoin space in 2013. He’s a lecturer at the University of Texas and the author of the awesome book Programming Bitcoin: Learn How to Program Bitcoin from Scratch (which you should definitely read if you’re into Bitcoin technicalities). The conversation was really amusing and Jimmy was quite transparent and straight to the point, The post Jimmy Song discusses Bitcoin, blockchain, and the crypto space appeared first on Coin Rivet.
Trading cryptocurrency can be stressful, emotional, and addictive. Despite this, many people choose to trade cryptocurrency on a daily basis looking for the ultimate underrated gem and hoping that it one day shoots to the moon. Whilst this is unlikely for many cryptocurrencies, it still doesn’t stop people buying low and trying to sell high. Although there can be plenty of pain in trading cryptocurrency, here are three benefits you might gain. A deep knowledge of the market and your emotions Unless you get extremely lucky, you are more than likely going to lose money trading cryptocurrency without doing sufficient research. This means that you need to have a basic understanding of both the underlying technology of cryptocurrencies as well The post Three benefits of trading cryptocurrency appeared first on Coin Rivet.
Today the price of Bitcoin is US$5,286.33; Ripple is US$0.341400; Ethereum is US$171.87; Bitcoin Cash is US$309.78; Litecoin is US$81.10. These are the Top 5 cryptocurrencies by market capitalisation. About the Top 5 cryptocurrencies The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalisation. Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relying on The post The Top 5 cryptocurrencies latest price appeared first on Coin Rivet.
Binance OTC volumes have risen significantly this month, according to its CFO Wei Zhao in a conversation with Decrypt.“Last month we saw a lot more volume than, say, three months ago.The post Binance sees a 'significant' rise in OTC volumes in April appeared first on The Block.
Online trading and investing platform eToro has officially launched its own crypto exchange which will trade six major cryptocurrencies along with a newly launched raft of ten fiat-pegged stablecoins on a custom API-driven platform called eToroX. Reporting live from Paris Blockchain Week Summit, Coin Rivet got the chance to catch up with eToro CEO Yoni Assia shortly after he made the announcement on stage. eToroX Launching today: fully regulated crypto exchange 🙌https://t.co/Xhez95mxN7#SpringisComing #PBWS #ParisBlockchainWeek #eToroX @PBWSummit @ParisBlockWeek @yoniassia pic.twitter.com/aFMj9uOQXX — eToroX (@eTorox) April 16, 2019 The new exchange will be able to initially trade eight major fiat-pegged stablecoins (as ERC-20 tokens on Ethereum), six cryptocurrencies (Bitcoin, Ethereum, Ripple, Dash, Bitcoin Cash, and Litecoin), and 37 trading pairs. Speaking about the The post eToro CEO reveals plans to add leverage and new tokenised asset types to eToroX appeared first on Coin Rivet.
A cryptocurrency podcast is a great way to stay up to date with all the latest goings-on in the world of cryptocurrencies. Podcasts provide an ideal medium to absorb information – whether you’re on a run, working at your office, or simply relaxing at home. There are a wide variety of cryptocurrency podcasts. Some are aimed at developers, some are aimed at traders, and many are just general chit-chats that are easy for newcomers to understand. There is something for everyone. Here are three cryptocurrency podcasts to add to your library. The Magical Crypto Friends The Magical Crypto Friends podcast consists of Charlie Lee, creator of Litecoin; Riccardo Spagni, one of the lead developers behind Monero; Samson Mow, chief strategy The post Three cryptocurrency podcasts to add to your library appeared first on Coin Rivet.
The Rotate bar in London’s Shoreditch now accepts payments for food and beverages with instantaneous transactions over the Lightning Network. The bar, which is currently an active hotspot for the crypto community in London, used its links to partner with lightningpay.co.uk, a payment provider which offers custodial and non-custodial solutions. The bar’s owner, James Stell, said that “they helped us set up our payments solution and provide ongoing help when required”. At the moment, Rotate is not too worried about the volatility associated with accepting Bitcoin payments for food and drinks. “Our belief during our trial period was that we had seen the bottom or were close to the bottom of the bear market, so we were happy to take The post London’s first Lightning Network bar is ready for business appeared first on Coin Rivet.
Two of the most common arguments against Bitcoin I still hear fiat-proponents claiming is that Bitcoin’s price is “way too volatile” and the currency is “energy-intensive and wasteful” to produce. So today I come bearing great news for those thinking these arguments make any sense. Yes, from a certain point of view they might sound appealing. However, they couldn’t be further from the actual facts and truth. Bitcoin, in the medium to long term, will lose most of its volatility percentage-wise, and the amount of power needed to produce one Bitcoin won’t increase exponentially given an increasing number of users, as some analysts have wrongfully predicted. Let’s start from the beginning. ‘Bitcoin is way too volatile’ "The volatility of Bitcoin The post Bitcoin myths: Volatility and energy waste appeared first on Coin Rivet.