The Big Fat Stellar Pump; What’s Causing It?

Stellar is leading the gains in the cryptocurrency market on Tuesday as the blockchain project swells by 18 percent in market valuation. A back-to-back buying session has brought XLM, Stellar’s native token, up by more than 30 percent since yesterday. The XLM-to-dollar exchange rate is now sitting at $0.081, according to data gathered by CoinStats’…

Bitcoin Price Will Hit $11,000, Predicts a Bigwig

Improving technical bias for bitcoin could have it touch the $11,000 level pretty soon, believes Mohit Sorout of Bitazu Capital – a Bengaluru-based Alpha hedge fund. The partner predicted the upside action after studying bitcoin based on Fibonacci retracement levels. As he noted, the cryptocurrency lately bounced wildly from 61.8 percent Fibonacci level. Earlier before,…

These Five Dapps Attracted Maximum Users in October 2019

When bitcoin made the world reassess the definition of currency, it presented all a sneak-peek into the future that would run on decentralized applications – or dapps. Educational utopians see dapps as tools to make everything you see on the internet distributed. Say, if a bank is an application governed by a central authority, bitcoin…

Gamblers Crash Bitcoin to Below $7,500; Is It a Bullish Setup?

The bitcoin price crashed on Wednesday after spending almost a month in a flat trajectory. The bitcoin-to-dollar exchange rate was trading at $7,480 as of 1735 GMT, down 8.86 percent on a 24-hour adjusted timeframe. Earlier today, the pair had established a fresh intraday low of $7,296.44, according to data collected by CoinStats’ cryptocurrency portfolio…

UNICEF Takes Bitcoin to Every Corner of the World

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…

SEC Refuses to Approve Bitwise Bitcoin ETF

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…

Bitcoin: Is it Tulip Mania or the ​Internet?

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…