Bitcoin 

Facebook’s Libra Moved Bitcoin and Crypto Three Years Ahead

United States-based cryptocurrency index fund provider Bitwise declared that Facebook’s Libra stablecoin accelerated Bitcoin’s (BTC) progress by three years in a letter to investors published on its website on August 1. Libra attracted attention to Bitcoin In the letter, Bitwise’s global head of research Matt Hougan said on behalf of the company: “Thanks to Facebook’s Libra and Congress, we have just fast-forwarded two or three years into crypto’s future, accelerating all the conversations, debates, and mainstream discussions into the present day.” Increasing regulatory scrutiny The firm claims that, as a…

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Ethereum 

Pantera Capital CEO Believes Bitcoin Could Reach $356,000 in a Couple Years

Pantera Capital founder Dan Morehead discussed how Bitcoin (BTC) could hit $42,000 by the end of 2019, and even has the potential to reach $356,000 within a couple years. Morehead delivered his comments on an episode of the Unchained podcast on July 23. Morehead specifically said that he predicts BTC will hit $42,000 by the end of the year, and climb to $356,000 by 2022. Morehead claimed that this would be consistent with the top cryptocurrency’s logarithmic growth rate: “Graph the price of Bitcoin logarithmically […] its trend is going…

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Ethereum 

Bitcoin Not Moved for at Least Five Years is at an All-Time High

The amount of Bitcoin (BTC) that has not been moved for at least five years is at an all-time high, reports cryptocurrency data website Coinmetrics on July 23. Is hodling currently at its highest? Per the report, the amount of BTC held in a single address unmoved for at least five years recently reached its all-time high. More precisely, on July 19, the number of coins meeting this requirement reached 3,847,859 BTC. Coinmetrics claims that this suggests that Bitcoin is increasingly becoming a store of value, as opposed to a…

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Cryptocurrency 

How Will the Crypto Markets Perform in Coming Years?

The crypto markets roared back to life at the beginning of 2019 after having a poor year previously, but many concerns remain despite the impressive show in the first half of the year so far. In an interview, the Managing Director of the advisory firm PFYN Advisory, Patrick Franz, spoke broadly about the range of changes that could eventually propel the crypto space even further in the years to come. PFYN wishes to eventually harness a crypto markets ecosystem in which traders from all over the world can buy and…

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Bitcoin 

Coinbase CEO Wants Firm to Move Beyond Trading in Next 5 Years

Brian Armstrong, CEO of major American crypto exchange and wallet service Coinbase,  believes that the firm will be less about trading and more about adoption five years from now. Armstrong wants the firm to connect people in crypto industry  In an AMA session on July 19, Armstrong presented his vision of the company in five years, claiming that he sees Coinbase as not just a crypto trading service provider, but rather a more universal entity driving adoption to crypto. Armstrong pointed out Coinbase’s mission to help grow the global crypto…

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Blockchain 

‘Google Coin’ Within 2 Years as FANGs Will Go Crypto, Say Winklevoss

Digital currency will form part of all four FANG companies’ offerings by 2021, Tyler and Cameron Winklevoss told CNBC in a new interview on July 9. Speaking about Facebook Libra, the twins, who co-founded cryptocurrency trading platform Gemini, said it was only a matter of time before other tech giants followed suit.  FANG refers to the unofficial ‘Big Four’ of the internet: Facebook, Amazon, Netflix and Google. “Our prediction is every FANG company will have some sort of cryptocurrency project within the next two years,” Tyler told the network.  Libra…

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Ethereum 

Energy Used by Idle Device in the U.S. Can Power Bitcoin For 4 Years

Academic researchers at the University of Cambridge (UoC) have launched a real-time index that tracks the total electricity consumption of the Bitcoin network. The news was revealed in an announcement posted by the university’s interdisciplinary academic research institute, the Cambridge Centre for Alternative Finance (CCAF), on July 2. The now-live Index — the Cambridge Bitcoin Electricity Consumption Index, or CBECI — gives an estimate of the total annualized energy consumption of the bitcoin network, updated every thirty seconds. The researchers also provide a tool that compares BTC’s consumption levels with…

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Ethereum 

Mt. Gox Founder Knew of Security Risks Years Before Collapse, Lawsuit Claims

Mt. Gox founder Jed McCaleb is being sued by two traders who used the doomed exchange, court documents filed on May 19 show. Joseph Jones and Peter Steinmetz have accused the ex-CEO of fraudulently and negligently misrepresenting the exchange. The pair also allege that McCaleb was aware of “serious security risks” back in late 2010 or early 2011 — more than three years before 850,000 bitcoin (BTC) was stolen in an audacious hack. Their complaint adds: “Rather than secure the exchange, McCaleb sold a large portion of his interest in…

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Bitcoin 

Twitter User Claims TradingView Has Ignored a Fibonacci Retracement Bug for 5 Years

Popular chart analysis service TradingView reportedly contains a bug in the Fibonacci retracement technical analysis tool, according to a tweet by self-proclaimed certified Elliott wave analyst Cryptoteddybear published on June 13. The Elliott wave principle is a type of technical analysis for predicting prices in financial markets by looking at recurring patterns. In a video that he uploaded to YouTube, the analyst explains that the tool does linear calculations when in logarithmic charts, which he notes is a significant issue for Elliot wave traders. The official Twitter account of the…

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Bitcoin 

21-Year-Old Jailed for 10 Years After Stealing $7.5M in Crypto By Hacking Cell Phones

A 21-year-old man has been sentenced to 10 years in prison after becoming one of the first people in the United States to be convicted of stealing cryptocurrency by hacking into cell phones. Prosecutors in Santa Clara announced the jail sentence on April 22. In February, Joel Ortiz had pleaded guilty and to theft and accepted the 10-year plea deal. Ortiz stole more than $7.5 million from at least 40 victims: the press release notes that he then spent $10,000 a time at Los Angeles nightclubs, hired a helicopter to fly…

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