The animosity which was brewing between a country and an emerging financial technology is appearing to come to an end. China is taking its first few steps towards recognizing Bitcoin, a non-sovereign asset, as a groundbreaking innovation. Asia’s richest economy slapped a banking ban on the emerging Bitcoin industry in late 2017, leading to the…
Since its inception in 2009, Bitcoin has emerged as one of the most popular cryptocurrencies owing to its peer-to-peer payment features. People started exploring it to settle payments cheaply and faster without needing a bank. Meanwhile, a large section of bitcoin users also unearthed immense investment opportunities in it, leading to the birth of the…
The market valuation of Craig Wright’s controversial blockchain project, Bitcoin SV, lately jumped to its two-month high. The BSV-to-BTC exchange rate climbed up to 20.43 percent on Monday to retest its August 29 high of 0.0143. The pair managed to establish an intraday peak of 0.0140 before correcting lower. On Tuesday, it was down by…
Ever since hitting the $14,000 level earlier this year, bitcoin has attracted massive selling. Traders in the third and currency quarter are busy taking profits by leaving their Long positions or going Short altogether. The result is a cryptocurrency which is now down by more than 40 percent from its year-to-date top. Bitcoin’s failure to…
The United Nation Children’s Fund (UNICEF) became the latest high-profile organization to sink its feet deep into the bitcoin ecosystem. The global nonprofit this week announced that it would setup a new cryptocurrency wing. The so-called fund would allow them to accept donations in multiple cryptocurrencies, including bitcoin and ether. The announcement saw UNICEF openly…
Following the recent inevitable conflict between the Hong Kong Free Press (HKFP) and BitPay, which later followed the termination of their partnership, HKFP has now joined BTCPay. HKFP has been accepting bitcoin since the beginning of 2015. The nonprofit news agency, which has been one of the most unbiased voices during the ongoing protests in…
The Security and Exchange Commission (SEC) has turned down yet another bitcoin exchange-traded fund (ETF) application. The securities regulator said in a response filed Thursday that applicants Bitwise Asset Management and NYSE Arca cannot offer Bitcoin ETF services to investors in the US. It noted that the duo could not resolve issues that were raised…
Players in the financial and technology sector have different opinions about bitcoin. For skeptics, the cryptocurrency is reminiscent of Holland’s notorious Tulip bubble of 1637. They generated a wild, speculative mania and disappeared, leaving behind pretty flowers and wrecked investors. Meanwhile, for supporters, bitcoin is the internet: a symbol of decentralization that reached its full…
It has been more than a week since the high-profile launch, but Bakkt’s trading volume remains underwhelming with only 16 BTC as of this time of writing. Meanwhile, the spot rate of bitcoin has plunged massively, rising fears that Bakkt hype has not done well to the crypturrency. Bakkt An Underperforming Horse? Against all the…
On 14-15th of October, Yerevan is hosting the annual blockchain conference ChainPoint 19 initiated by Nooor Blockchain Armenia. CoinStats is proud to support the event by becoming the Official Crypto Tracking App of ChainPoint. And especially for our community, COINSTATS-CP19 promo-code is available for 20 percent discount. Want to rub shoulders with the thought-leaders and…
