A week is a long time in Bitcoin world
This week the price of a Bitcoin soared to more than $260 - albeit for a short period of time. This was helped by a surge in media interest. This week has seen the number of articles on Bitcoin and virtual currency explode to an all time high. Journalists appear to be enjoying another internet story whose next chapter is unknown. Jonathan's test. Bitcoin media noise. There've been numerous attempts to suggest where it all might end up - many suggesting that Bitcoin is a flawed currency because of the way it is behaving. Today a Bitcoin ($116) will buy me a digital camera. Earlier this week....
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Last Week we concluded with the following: Because just 14 months ago the price of a bitcoin was around US$100, the long term chart is still showing tiny signs that a reversal can come any week so we have to remain slightly bullish on that time frame. On the other hand, there is nothing positive to point to technically or fundamentally on a daily level. Demand from people going out and understanding Bitcoin along with buying a few to just to try remains pretty week. The daily price chart reflects this, so as much as we want to say that US$300 will hold the price up, the probabilities are....
Last week we reported on Blackcoin releasing a second version of the Proof-of-Stake coin creation method that made the process much more secure. That was an arguably historically significant moment in the Cryptocurrency world (so long as it is as secure as they say) by creating a second reliable way to mine a cryptocurrency. But, they aren't resting on their laurels. In the race to bring out the long heralded “Bitcoin 2.0” features to the world, Blackcoin hasn't just taken a big step, they may have crossed the finish line. Their long awaited BlackHalo project has been released in a public....
On December 2, 2020, the organization and full node project Bitcoin Unlimited is hosting a week-long hackathon that aims to build the future of finance by leveraging the decentralized crypto network Bitcoin Cash. The event dubbed “Coinparty 2020” aims to get the top crypto talent in the world to compete for $17k worth of bitcoin cash prizes. The cryptocurrency community has grown massively in 2020, and there’s been a number of new and exciting innovations this year. Bitcoin Unlimited (BU) wants to bring a number of useful innovations to the Bitcoin Cash (BCH) network and....
With arrests, central bank warnings, investments and company launches, it's been a busy week in the world of bitcoin and blockchain technology. Have you been paying attention? Take our 'This Week in the World of Bitcoin' quiz for the week commencing 5th October to find out. Remember to subscribe to our daily newsletter to keep up to date with all the latest bitcoin and blockchain news. Quiz. Quiz
The bitcoin price currently stands at $277. Interestingly enough, last week revealed previous articles talking of bitcoin's rise to $260. While many were skeptical, this rise hasn't ceased. Another $17 and bitcoin is still standing strong. All we can do from here on out is hope that it lasts a good long time. There's no way to determine if or when bitcoin is going to stand tall or drop to the floor. We've seen it happen time and time again, and yet predictions are practically obsolete. There are so many factors contributing to a digital currency's stance that it would be nearly impossible....