Why bitcoin — by design — won’t become worthless, according to this crypto heavyweight

Bitcoin protocol is set up to be adjusted as mining conditions worsen, says teaching fellow Andreas Antonopoulos

 

As bitcoin flounders to its lowest level in 14 months, concerns over mining profitability have some wondering if the best-known cryptocurrency is headed for a hard landing as those solving the complicated puzzles hit the off-switch on their energy-guzzling mining equipment.

The price of a single bitcoin BTCUSD, -6.17%  has fallen 75% in 2018 and is down more than 80% from its all-time high.

Bitcoin Fundamentals ‘Still Intact’ Despite Price Lows, Says Blockchain Intelligence Group

The 2018 cryptocurrency price decline is a result of investors’ “lack of education,” the CEO of Canadian firm Blockchain Intelligence Group (BIG) said in an interview published in German economics news outlet Finanzen.de Nov. 23.

Speaking with a representative of German investment bank GBC AG, BIG’s CEO Lance Morginn suggested the combination of entry-level investors piling in during 2017, regulatory uncertainty and standard principles of supply and demand resulted in the 2018 bear market.

Bitcoins Clock 10 -Ten Years Since Satoshi’s Vision Was Brought to Life

The evolution of key industries have been historically driven by groundbreaking technological innovations that leave an indelible mark on society.

The printing press led to the scientific revolution, the discovery of electricity brought light to the world, radio waves changed the way information was delivered to the masses, and the internet completely overhauled the way we communicate and interact with information.

Jamie Dimon Comments on Bitcoin Yet Again, Says He Doesn’t Give a Sh*t About It

On the eve of the 10th anniversary of the Bitcoin (BTC) white paper, Oct. 30, JPMorgan CEO Jamie Dimon found himself speaking yet again about the leading cryptocurrency, notwithstanding his track record of attempts to extricate himself from the debate.

As CNBC reported Oct. 31, Dimon made his “reluctant” comments at the Axios conference in Los Angeles on Tuesday. Referring to his now-notorious statement that Nakamoto's invention is little more than a “fraud,” the CEO told the audience:

Malta's Prime Minister Tells UN That Crypto Is the 'Inevitable Future of Money'

The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent and equitable society. The Prime Minister made his remarks in a speech addressed to the general debate of the 73rd Session of the General Assembly of the U.N. September 27.

Twitter CEO Says Bitcoin Will Become World’s ‘Single Currency’ Within A Decade

Jack Dorsey, the CEO of both Twitter and payment service Square, has said that he sees Bitcoin(BTC) as the world’s – and Internet’s – single future currency, The Times reports today, March 21.

Dorsey believes that Bitcoin’s leading emergence will take “probably over ten years, but it could go faster”:

In Argentina, Investors Flock to Safe-Haven Bitcoin

The economic crisis in Argentina is driving investors to buy Bitcoin in order to protect their wealth, pushing the cryptocurrency’s price higher in-turn. In parallel, to satisfy the increasing demand, the first of 12 Bitcoin ATMs has already begun to operate in a Buenos Aires mall. The number of stores accepting Bitcoin also continues to rise. Bitcoin Is a Safe-Haven During an Economic Crisis As the country’s currency plunges, Argentinian investors and ordinary people are exchanging their pesos for Bitcoin (BTC) $6699.77 -0.12%. In this regard, economist and mathematician D.H. Taylor writes, “Argentinians are moving in large numbers out of their peso and into a
The economic crisis in Argentina is driving investors to buy Bitcoin in order to protect their wealth, pushing the cryptocurrency’s price higher in-turn. In parallel, to satisfy the increasing demand, the first of 12 Bitcoin ATMs has already begun to operate in a Buenos Aires mall. The number of stores accepting Bitcoin also continues to rise.

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Bitcoin Is a Safe-Haven During an Economic Crisis

As the country’s currency plunges, Argentinian investors and ordinary people are exchanging their pesos for Bitcoin (BTC) $6699.77 -0.12%. In this regard, economist and mathematician D.H. Taylor writes,
“Argentinians are moving in large numbers out of their peso and into a more stable currency, BTC. The numbers being witnessed by the markets in BTC are surging from Argentina.” And he adds, “The stability being offered by the digital currency is far greater than the peso and Argentinians are moving in quickly.”
As for substantiating evidence, Taylor refers to the chart below showing the weekly volume of Bitcoin purchases in Argentina:
One of the wealthiest countries in Latin America, Argentina is once again undergoing a severe economic crisis. In April 2018, the peso started plunging against the dollar at an unexpected speed.
Most economists agree that the devaluation of the peso is due to investors’ doubts about the government’s ability to contain its unrelenting inflation and to minimize the effects of the U.S. Federal Reserve interest rate increases, which have strengthened the dollar all over the world.
Now, the Argentina year-over-year inflation rate reaches over 34 percent.

Taylor: The Biggest Solution is Bitcoin

So far, the efforts of Argentina’s Central Bank to stabilize the peso have been to no avail. As a result, according to Taylor, the Central Bank is exploring the possibility of diversifying into Bitcoin,

The biggest solution is Bitcoin, or BTC-USD and, according to the data, Argentinians are buying large amounts. At the same time, the Argentinian Central Bank is considering diversifying their currency reserves into BTC.

The Central Bank has already eased regulations regarding ATMs in the country. This easing of regulations has facilitated the installation of ATMs processing cryptocurrencies.
On September 19, 2018, Athena Bitcoin installed the first ATM designed to exchange the cryptocurrency in a mall, auguring that these machines will soon mushroom in Buenos Aires.

Indeed, according to Matias Goldenhorn, Athena Bitcoin Director for Latin America, 12 ATMs will soon be installed in the capital city. These units will operate with Bitcoin as well as other cryptocurrencies such as Litecoin, Ethereum, and Bitcoin Cash.
On the other hand, a variety of merchants are already accepting Bitcoin as payment. Taylor also highlights that “8,000 new Bitcoin pay stations are in convenience stores in Argentina.”
For example, La Nación recently reported that a butcher shop in Cordoba city is now accepting Bitcoin.
What solutions can Bitcoin provide to soften Argentina’s severe economic crisis? Let us know in the comments below.

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more stable currency, BTC. The numbers being witnessed by the markets in BTC are surging from Argentina.” And he adds, “The stability being offered by the digital currency is far greater than the peso and Argentinians are moving in quickly.” As for substantiating evidence, Taylor refers to the chart below showing the weekly volume of Bitcoin purchases in Argentina: As for substantiating evidence, Taylor refers to the chart below showing the weekly volume of Bitcoin purchases in Argentina:One of the wealthiest countries in Latin America, Argentina is once again undergoing a severe economic crisis. In April 2018, the peso started plunging against the dollar at an unexpected speed. Most economists agree that the devaluation of the peso is due to investors’ doubts about the government’s ability to contain its unrelenting inflation and to minimize the effects of the U.S. Federal Reserve interest rate increases, which have strengthened the dollar all over the world. Now, the Argentina year-over-year inflation rate reaches over 34 percent.

Now, the Argentina year-over-year inflation rate reaches over 34 percent. Taylor: The Biggest Solution is Bitcoin So far, the efforts of Argentina’s Central Bank to stabilize the peso have been to no avail. As a result, according to Taylor, the Central Bank is exploring the possibility of diversifying into Bitcoin, The biggest solution is Bitcoin, or BTC-USD and, according to the data, Argentinians are buying large amounts. At the same time, the Argentinian Central Bank is considering diversifying their currency reserves into BTC. The Central Bank has already eased regulations regarding ATMs in the country. This easing of regulations has facilitated the installation of ATMs processing cryptocurrencies. On September 19, 2018, Athena Bitcoin installed the first ATM designed to exchange the cryptocurrency in a mall, auguring that these machines will soon mushroom in Buenos Aires. Indeed, according to Matias Goldenhorn, Athena Bitcoin Director for Latin America, 12 ATMs will soon be installed in the capital city. These units will operate with Bitcoin as well as other cryptocurrencies such as Litecoin, Ethereum, and Bitcoin Cash. On the other hand, a variety of merchants are already accepting Bitcoin as payment. Taylor also highlights that “8,000 new Bitcoin pay stations are in convenience stores in Argentina.” For example, La Nación recently reported that a butcher shop in Cordoba city is now accepting Bitcoin. What solutions can Bitcoin provide to soften Argentina’s severe economic crisis? Let us know in the comments below.

All But One of Top 20 Cryptos See Green, Bitcoin Safely Above ₦2,412,000 ($6,700)

Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 hours, according to CoinMarketCap.

Market visualization from Coin360

After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at $6,734 as of press time, up 0.9 percent on the day.
Bitcoin is also up 3.3 percent over the past 7 days, and up 5 percent up on the month. Despite that, Bitcoin’s dominance has dropped slightly, down from 55.6 percent a week ago to 51.2 percent at press time, according to CoinMarketCap.

Localbitcoin.com trade volume hit new low since its Inception in 2012

In the first week of September, we saw Localbitcoins witnessing the best global peer-to-peer trade volume on record for Bitcoin. Data from Coin.dance shows that the clear presence of only six markets seems to represent the pervasion of lowered trading activity with all the Localbitcoin markets.

Localbitcoins are on a peer-to-peer Bitcoin exchange where customers can purchase and sell Bitcoin. Investors usually make advertisements with the payment method they give and the price. With over 50 various ways to make payment, traders can purchase and sell Bitcoin through this means.

The recent drop in Bitcoin investment has changed into a widespread trend, where merely a several multiple markets tracked by Localbitcoins have posted a volume that will be the same to the standard trading activities in the span of recent weeks.

The info showed by Coin.dance hint that only 860 Bitcoins were traded during the entire week in the month of September on Localbitcoins. In reality, this week is the best before five and a half years, that's provided that the business enterprise has been retaining information.

This type of dip in the over-the-counter market hasn't shown itself in 5 years, since the 3rd week in March 2013 where the entire trading number was at around 1990 BTC.

If what this data shows is correct then nearly all Localbitcoin markets had a remarkable decline in the amount of Bitcoin traded in the last week.

It's worth noting that Venezuela saw a current hyperinflation which appears to have generated an exponential boost in Localbitcoin trades in the country. The weekly purchase volume was 6 trillion bolivares  typically and has boosted to 24 trillion bolivares on the span of days gone by two months.

What are you currently applying for grants this? Don't hesitate to let's know down in the comments below!

Source: https://buybtcoinnigeria.blogspot.com/p/buy-bitcoins-in-nigeria.html

Bitcoin Falls Through ₦2.16Mln ($6,000) Support as Xapo President Warns of Altcoin ‘Extinction Event’

Bitcoin (BTC) prices fell below $6,000 for the first time since the end of June Tuesday, August 14, as the cryptocurrency community remains resilient.

Data from Cointelegraph’s price tracker and Coin360 depict a gloomy environment for traders Tuesday, with all major assets in the red as Bitcoin falls almost 5 percent in 24 hours. Top ten coins are seeing as much as 17 percent losses on the day, with top fifteen coins are down as much 20 percent over the same period.

Ladies, you have 5BTC to Build Your Ideal man

US SEC Commissioner Dissents From Agency’s Rejection of Winklevoss Bitcoin ETF

U.S. Securities and Exchange (SEC) Commissioner Hester M. Peirce has published a statement of official dissent from the agency’s second disapproval of the Winklevoss brothers’ application for a Bitcoin (BTC) exchange-traded fund (ETF) yesterday, July 26.

The Winklevoss’ Bats BZX Exchange, Inc. (BZX) had filed a proposed rule change with the SEC in June 2016 to allow it to list and trade shares of a Bitcoin ETF called the Winklevoss Bitcoin Trust, which was rejected by the agency in March 2017. Following the disapproval of the initial proposition, the group filed a petition seeking “review of the disapproval by delegated authority, which the SEC formally rejected Thursday, July 26.

IMPORTANT - BTC Bull run might happen if Bitcoin ETF is approved

And its simply because more people have easier access to investing in cryptocurrency. You do not need to buy one to invest in one anymore, you can just buy its index. There is a rumor Bitcoin ETF will be approved by the SEC in the near future. In addition, SEC is currently accepting comments on the ETF application.

Two important must read sources:




https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

https://bitcoinist.com/3-reasons-sec-bitcoin-etf-next-month/

'Bitcoin Maven' gets federal prison for money laundering

LOS ANGELES: A Southern California woman dubbed the "Bitcoin Maven" for illegally laundering the digital currency has been sentenced to a year and a day in federal prison.

Theresa Tetley was sentenced Monday in Los Angeles.

Prosecutors say the former stockbroker laundered millions of dollars' worth of bitcoins through an unlicensed bitcoin-for-cash service. Authorities say she had customers around the country — including one client who's suspected of selling drugs on the dark web.

Back Above ₦2,160,000 ($6K): Bitcoin's Bull Reversal Is a Work in Progress

Bitcoin (BTC) has regained poise over the weekend after a drop below ₦2,160,000  ($6,000) last week, but a short-term bullish reversal is still not confirmed.
At press time, the leading cryptocurrency is trading at $6,320 on Bitfinex – up 13 percent from the seven-month low of $5,755 hit on June 24.

BTC was expected to remain on the defensive and drop to fresh 2018 lows below $5,755 over the weekend, having closed below $6,000 (February low) on Thursday.

Happy New Month

Happy New Month. Buy or Sell BTC - WhatsApp:+48796457594

Binance Set to Launch Its First Crypto-Fiat Exchange in Uganda

Changpeng Zhao, the CEO and founder of Binance, said the company is about to launch a crypto-fiat exchange in Uganda, in an exclusive interview with Cointelegraph today, June 28.

The new platform, Binance Uganda, will be the company’s first foray into fiat-crypto trading - supporting the Ugandan Shilling, alongside major cryptocurrencies - and is set to launch imminently.

Zhao, better known in the crypto industry as ‘CZ,’ told Cointelegraph that the move “shows Binance is not just into chasing the most developed markets”:

    “We think that crypto has a very strong use case in less developed countries… there’s more money to be made in a more developed country, but we want to distribute crypto to the rest of the world.”

Cryptos Rock 6 Month Low as Bears Pummel the Markets

Markets are crashing, altcoins getting hit hardest are EOS, Iota, Ethereum Classic, and Ontology. The selling pressure has gained momentum in the last 24 hours and markets have slid for their lowest levels this year. Total market capitalization has dropped to just over $250 billion which marks the 3rd big dip of 2018. Bitcoin has been hammered losing 7.8% on the afternoon falling back again to $6,150 marking its lowest level in 2010 and a cost range not seen since October 2017.

See how Police Track Down Dark Web Market Vendor Through Bitcoin Transactions on Localbitcoins.com.

• Dark web drug dealer Gal Vallerius was caught after failing to set up his tip jar on the Dream Market where he went by "OxyMonster."
• Police managed to track him through his bitcoin transactions and arrested him while he was on his way to the World Beard and Mustache Championship.

French national Gal Vallerius, 36, has recently pleaded guilty to various charges related to drug sales on the dark web in the US after authorities managed to track him down through his bitcoin transactions. He was a well-known vendor on Dream Market, where he went by OxyMonster.

LA Bitcoin Trader Faces 30 Months in Jail for Trading Bitcoin on LocalBitcoins com?

Crypto Markets Rebound After News the US SEC Will not Consider Ethereum a Security

June 14th: all but two of the top 100 cryptocurrencies by market capitalization are making gains, according to Coinmarketcap data. Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.

South Korea’s Supreme Court: Bitcoin is an Asset

South Korea’s Supreme Court just ruled that bitcoin is a legally recognizable asset. The landmark ruling occurred on May 30, 2018, and it overturns a decision made by one of the country’s lower courts in a case dating back to last year.

In September 2017, the Suwon District Court charged 33-year-old Ahn with the sale and distribution of child pornography. Operating a website since 2013, Ahn was arrested in May of 2017 for disseminating some 235,000 obscene files. Even though the court handed Ahn a guilty verdict and 18 months in prison for his actions, it did not confiscate the 216 bitcoins Ahn accumulated in exchange for the porn.

Happy New Month !

Happy new Month Bitcoiners !

Bank Shutout Forces Major Polish Crypto Exchange to Move to Malta

Bitbay, the largest cryptocurrency exchange in Poland, has decided to suspend its activities in the country as banks will no longer cooperate with the company, the exchange announced May 29. The exchange will instead be conducted by a new supplier in the jurisdiction of the Republic of Malta, where local laws are more crypto-friendly.

Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation

While most stake “hodlers” in the cryptocurrency ecosystem agree that there is a need for amenable regulation of the cryptosphere, Polish digital currency investors have refused to abide by the PPC law, due to its draconian nature. Now the Polish authorities have agreed to temporarily suspend the “Civil Law Transactions Tax,” which aims to tax all crypto-related transactions regardless of profits made.

More Americans Will Turn to Crypto If Fed Relaxes Post-2008 Measures, Analysts reveal

More Americans may move away from traditional finance and into crypto if the the U.S. Federal Reserve (Fed) relaxes post-2008 financial regulations, according to a study published by Weiss Ratings May 22.

The Fed is set to meet on May 30 to consider watering down the “Volcker Rule,” in what would be a major deregulatory move. The relaxing of the “Volcker Rule” would allow thousands of banks to make high risk profit-seeking trades with less government oversight.

Bitcoin Price Fails To Accomplish Predicted Rally Following NYC Crypto Conference

Bitcoin’s (BTC) price has gone down around 10 percent this week since crypto conference Consensus ended yesterday, May 16, despite predictions that the event would cause the crypto markets to skyrocket.

Fundstrat’s Tom Lee, who had accurately predicted a crypto price rise in the wake of US tax day, had used past price spikes after the crypto event to predict a rally “even larger than past years,” according to Bloomberg:

“Bottom line: We expect BTC and cryptocurrencies to behave similarly to prior years and rally during Consensus.”

However, data from Coinmarketcap shows that BTC went from about $8,726 on May 14 to its now current price of about $8,310, a decrease of about 5 percent during the Consensus conference dates, with an overall weekly decrease of about 10 percent.

Bitcoin price chart. Source: Coinmarketcap

A popular crypto commenter Armin Van Bitcoin tweeted last week before the conference a table showing the past price increase of Bitcoin and altcoins both during and post-Consensus, with the column for 2018 left blank. The first questions markets for BTC can now be filled in at around -10 percent, and for altcoins at around -12.8 percent using total market cap data from Coinmarketcap.
Bloomberg Crypto tweeted yesterday, the last day of Consensus, a meme about Bitcoin’s failed rally:
Total market cap has lost about $56 bln this week, down from $438 bln to $382.

Total market cap has lost about $56 bln this week, down from $438 bln to $382.

Total crypto market capitalization. Source: Coinmarketcap

Ethereum (ETH) has also dropped, trading at around $700 after this week’s high of about $759, and down about 1 percent over a 24 hour period to press time.

Ethereum price chart. Source: Cointelegraph Ethereum Price Index

Altcoins are a mix of red of green, with most of the top ten altcoins on Coinmarketcap showing almost 0 percent growth or loss over a 24 hour period to press time.

Market visualization from Coin360

Bitcoin May hit ₦23Mln ($64K) in 2019 Thanks to Its Mining Economy – Fundstrat

The team of Tom Lee, co-founder of Fundstrat Global Advisers and long-time bitcoin advocate, has revealed something really dramatic pertaining to what the long run holds for the world's major digital currency.

German online bank uses Bitcoins to transfer loans

German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin.

Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend money across the globe rapidly and at low cost.

Expert: Why People Should not Listen To Warren Buffet

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.

If you would like to contribute an Expert Take, please email your ideas and CV to us

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of  BuybitcoinsinNigeria.. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.

There has been a time when a saying was popular on Wall Street: “when Warren Buffet speaks, you listen.” Now Wall Street is better not to listen, if they do not want to become history faster than Kodak or Blockbuster.

Mt Gox Ghost: Tokyo Bitcoin 'Whale' Reportedly Preparing for New $170 Mn Move

Speculations, as well as fresh concerns are on the rise following the news that the members of the infamous Japanese Mt Gox cryptocurrency exchange, which is now bankrupt, are readying themselves for a new sell-off of a bitcoin stash.

'Unfit Member ': WikiLeaks Calls for World wide boycott of Major Crypto Broker

WikiLeaks has accepted bitcoin donations to simply help support its platform and fund the legal costs of its founder, Julian Assange, who has spent almost six years in Equador's London embassy.

WikiLeaks is calling for an international blockade of one of the world's largest crypto-trading exchanges, Coinbase, a big California bitcoin processor, deeming it "an unfit member of the crypto community” after the business banned the whistleblowing organization's online shop from having its services “without explanation.”

'The Future Has Cum': PornHub Now Accepts Altcoin, Bitcoin Rival (VIDEO)

The world's largest pornography website has partnered up with crypto currency Verge, rendering it easier for customers to fund PornHub products. PornHub has uploaded an interesting advertisement on YouTube, with the slogan "The Future Has Cum," commenting on its recent partnership with the Verge cryptocurrency.

Russian authorities to Ban Encrypted Messenger service Telegram

Russian authorities have demanded ISPs ban the crypto industry’s go-to encrypted messenger service Telegram on Friday, April 13, just weeks after the project raised $1.7 bln in its ICO presale to support the development of its own Blockchain platform. As various local news outlets report, the decision by the Tagansky District Court in Moscow means that the Kremlin’s internet monitoring organization Roskomnadzor will now force domestic ISPs to block access to Telegram “in the near future.”

Do you own Bitcoins?

I still have all the Bitcoins I bought in 2013.

And a few more of them.
I never sold at 261 USD, 1250 USD or 19000 USD.

Why? 
Because I am not one of those “Buy a Bitcoin today and be rich tomorrow” guys, who use Bitcoin purely for speculation.

Chinese tech giant Bitmain Produces Ethash ASIC Miner

Chinese tech giant Bitmain announced that they're releasing an Ethash ASIC miner, in accordance with a tweet April 3. In the tweet, Bitmain says that the Antminer E3 would be the “world's most effective and efficient EtHash ASIC miner.” The units will retail for $800 each and in line with the tweet, aren't for sale in China, nor would they be shipped to Hong Kong, Macau, or Taiwan. Orders are limited by one per person. Bitmain will simply accept Bitcoin Cash (BCH) and US dollars for payment in this first batch of units.

Russian Gazprombank to Make First Crypto Deals for Major Clients via Switzerland

Cryptocurrency deals are not currently regulated by Russian law, with relevant legislation currently being developed. According to the bank’s representative, Switzerland was chosen for its “liberal” laws on cryptocurrencies.

Japanese Luxury Car Dealer set To Accept BTC

 

Japanese luxury car dealership L'Operaio will be able to accept Bitcoin (BTC) as a payment option from customers using their crypto wallets on the Tokyo-based exchange bitFlyer, according to a press release from bitFlyer published yesterday, March 27.  The release notes that a bitFlyer user can spend up to 100 mln yen (around $942,000) using their digital wallet, and that BTC purchases can be done by scanning a QR code and will be “settled in [a] few seconds.”

Nigerian Regulator (NDIC) Warns Against Crypto Transactions Since They’re ‘Not Insured’

Nigerians have been warned by the Nigeria Deposit Insurance Corporation (NDIC) against the use of cryptocurrencies because the Central Bank of Nigeria (CBN) does not recognize them as legitimate currency, local news outlet Business Post Nigeria reported yesterday, March 23.

Google Up in Arms Against Cryptocurrencies

The California-based transnational is the second biggest player in online ad selling; nevertheless it plans to take measures to curtail the nascent digital currency sector.

In an update to its policies, Google has announced it will ban online advertisements of cryptocurrencies, initial coin offerings and "related content" starting in June, which represents a step in line with the broader crackdown on the marketing of the rapidly advancing breed of financial products.

Bitcoin Price Hit 2018 Lows Because Of ₦145 BLN ($400 mln) Mt.Gox Sell-Off: Reports

Bitcoin prices fell only ₦2.1Mln ($6000) in 2018 as a result of Mt.Gox trustee “panicking” and selling ₦145 BLN ($400) mln worth of bitcoins (BTC), reports suggest this week.

As multiple news outlets reported from March 7, Nobuaki Kobayashi has sold over 35,000 BTC and 34,000 BCH (Bitcoin Cash) to be able to pay the defunct exchange's creditors.

Bitcoin Enters Bull Market as Dominance Index Surges Above 40%

Bitcoin will remain the world’s leading cryptocurrency for some time to come. Over the past few days, the Bitcoin Dominance Index has been on the rise. This correlates with the recent BTC price increase we have seen forming on the charts. The big question is whether or not this is Bitcoin’s next big time to shine.

Bitcoin Steady amid crypto drama this week.

 Bitcoins current value is at $10,927.79 at time of writing. Recent news concerning Australian man, Craig Wright had dominated bitcoin reputation. Wright is apparently being sued for $7.2 billion.

It is alleged that Mr Wright mined bitcoin  with Dave Kleiman. The programmer passed away in 2013 and Wright apparently seized all his bitcoins.

Mr Kleiman’s family and former business partner has decided to sue Mr Wright.

Happy New Month !

Happy new Month Bitcoiners !

Northern Ireland Property Developer To Accept Bitcoin

Hagan Homes, among Northern Ireland's biggest residential property developers, will now be accepting Bitcoin (BTC) as a payment method, the Belfast Telegraph reported Feb. 22.

Jamesy Hagan, the managing director of Hagan Homes, said there's both an increasing international fascination with working, living, and purchasing Northern Ireland, in addition to a “significant growth in the usage of Bitcoin worldwide:”