In this digest, we will look at some of the major new developments amongst major crypto exchanges that were implemented in the past month.
The theory goes that quantum computing could be used to crack out cryptocurrency wallets. Is this true?
Switchere, a new player in the crypto world, is actively developing in Europe where it has a huge customer base and penetrating the Asian market as well.
Mike Novogratz, CEO of crypto merchant bank Galaxy Digital and a well-known Bitcoin bull, has once again reiterated his bullish stance to the biggest cryptocurrency, predicting that Bitcoin should retest its $20,000 highs by the end of 2020.
Bitcoin (BTC) price has managed to jump above the $7,200 levels within the last 24 hours but now BTC is trading below $7,000.
On Thursday, April 2nd, the BTC is growing, trading at $6,715. The numbers look symbolic, but in reality, it means little: the cryptocurrency is failing to develop the current impulse effectively.
Vitalik Buterin claims that Bitcoin was initially designed to work as digital cash, then, secondly as digital gold. He says that just as Bitcoin’s narrative changed from p2p cash to digital gold, there has also been a shift in the narrative of Ethereum.
Technical indicators claim Bitcoin price may move up, but the bears are still here. BTC price undergoes a sudden pump right after equity trades ending. Expert sets likely price range, which is within $5,150 and $7,200.
Binance has today announced the launch of its OTC trading portal, with 25 different coins and tokens initially supported. The minimum trade size for the portal will be the equivalent value of 10,000 USDT.
A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.
Bitcoin (BTC) news covers all information on Bitcoin and other related cryptocurrencies. Bitcoin is a digital currency that was created in 2009 by anonymous founder Satoshi Nakamoto and has since gone on to lead the rise of other digital currencies like it, such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), EOS, Binance Coin (BNB), Monero (XMR), Bitcoin Cash (BCH) and Tether (USDT) among others. The cryptocurrency is decentralized and thus can be sent and transacted over its own peer to peer Blockchain network without a middleman verifying a transaction.
Bitcoin (BTC) has grown in leaps over the decade and has had it’s worth multiply in hundreds and thousands since January 2009 when the first BTC block was mined. Bitcoin transactions are irreversible and pseudonymous amongst other properties. Confirmed transactions on the Bitcoin Blockchain network cannot be undone, which in its way also contributes to the strong security associated with BTC.
Over time the awareness that bitcoins like most crypto currencies operate outside the control or regulation of any third parties such as banks, financial institutions, or the government triggered a wakeup call directed to the risks investors may be exposed to when involved in this venture.
Apart from being trustless, the crypto coin is also permissionless, which sets it apart from traditional fiat currencies and government issued money. The cryptocurrency exchange is also important in bitcoin transactions and the overall ecosystem. You’ll need a cryptocurrency exchange to exchange fiat currencies or regular-coins for some BTC.
Bitcoin mining operations are done to issue new BTCs into the market, with the overall BTCs eligible for circulation set at 21 million. At present, Bitcoin now has more than 18 million coins in circulation and its next halving event, which would reduce its mining rewards by half for the third time, has been slated for May 2020. At present, Bitcoin has a total market capitalization higher than $110 billion and has hit records higher than 300 billion in the past. The next few years might see Bitcoin eclipse its previous records.
