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Bitcoin has tumbled below the key USD 10,000 mark, with its prices plummeting by USD 600 in just half an hour – although optimistic traders say they intend to “buy the dip.” Prices had been steadily fluctuating above the USD 10,200 mark on the evening of August 28. But just...
Bitcoin and Ethereum are often seen as arch rivals, and in recent weeks the online cat fighting that characterizes this rivalry seems to have hit new heights of animosity. Ethereum supporters have described Bitcoin maximalists as "tyrants" on Twitter, while certain Bitcoiners have accused Ethereum founder Vitalik Buterin of...
Xpring, Ripple’s investment vehicle, said it made a XRP 1 billion (USD 263 million) grant to the in-browser payment processing startup Coil. The goal of this grant is two-fold: drive the adoption of XRP and improve Coil’s business model so to enable the creators to monetize their content, according to...
Buyers of so-called "virgin bitcoins" are paying up to 20% more for coins with no transaction history, Flex Yan, CEO of Babel Finance, a Hong Kong-based crypto financial services company, claims. In a recent opinion piece, published by Bitcoin Magazine, he said that demand for the virgin coins is growing...
The potential for a “no-deal” scenario as the UK leaves the European Union in October of this year could drive bitcoin to new highs, some industry players estimate. As many have already experienced first-hand, the British pound has lost a fair amount of value against both the euro and the...
Forthcoming regulations are causing cryptocurrency companies to halt services in countries like Germany – with BitPay announcing that it has ceased operating in the nation. BitPay is a cryptocurrency payment service provider based in Atlanta, in the United States. In response to a user who asked, “Why can’t I use...
In an open letter to the U.S. Congress, Ripple executives urged the lawmakers to support crypto regulation that does not disadvantage U.S. companies and does not paint crypto assets with "a broad brush." "We urge you to support regulation <...> that <...> classifies digital currencies in a way that recognizes...
What if you had a cryptocurrency wallet you could drive around in? Carmaker Daimler, that owns Mercedes-Benz among other brands, says that it is working on developing cars that come with a blockchain-powered cryptocurrency wallet pre-fitted. Per a recent post from Daimler, the automaker says that it has been working...
After a small dip under $10,000, Bitcoin surged and surpassed $10,600, according to CoinMarketCap. However, this price action may have been triggered by a massive Bitcoin (BTC) purchase performed on Binance, moving the price around $1,000 in a short period. Binance is one of the largest cryptocurrency exchanges in...
American parliamentarians are moving fast in an attempt to stop major IT companies from offering financial services and issuing cryptocurrencies. The draft discussion bill (which you can read in its entirety here), is entitled the Keep Big Tech out of Finance Act. The proposal has been circulated, per Reuters, to...