Bitcoin

Bitcoin Chart Indicator Flips Bearish as Price Sees Weak Bounce From $9.4K

Bitcoin’s lackluster recovery from price support around $9,400 is struggling to gather upside traction amid bearish developments on the short-term technical charts. The top cryptocurrency by market value fell by 5.5 percent on Wednesday to register its biggest single-day drop in three months. Sellers, however, failed to keep prices below the widely tracked 200-candle average …

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In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix

</header> <strong>Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims to limit the use of paper money …

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The Future of Crypto: The Latest Cryptography Advances Set to Change Blockchain

Cryptocurrencies could not exist without cryptography. Advances in this field can have far-reaching impacts on blockchain technology and its potential. We will examine the opinions of industry experts on the latest cryptographic advances and their potential for cryptocurrencies. Zero knowledge proofs: more than just privacy Director of research at blockchain firm Blockstream and mathematician Andrew …

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Bitcoin’s Lightning Network Is Growing ‘Increasingly Centralized,’ Researchers Find

Bitcoin’s lightning network is growing “increasingly centralized,” making it more susceptible to attacks, asserts a new paper by security researchers. Seen as a potential solution to bitcoin’s scaling headaches, lightning is a payment network allowing for speedier and cheaper transactions. Partly to make lightning more robust, developers and researchers have been trying to spot holes …

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Ireland Seizes Bitcoin Stash Worth $56M in Criminal Forfeiture Ruling

</header> <p dir=”ltr”><strong>Ireland’s Criminal Assets Bureau (CAB) seized 6,000 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> was the …

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Fidelity Is Still Looking for Bitcoin Mining Engineers

The Fidelity Center for Applied Technology (FCAT) is looking to find Bitcoin Mining Engineers for a “new business opportunity.” The proposal is coming from the team behind Fidelity Digital Asset Services (FDAS), the crypto trading arm of the financial giant. The recruit will support Fidelity’s mining operations, likely in reference to its partnership with Blockstream. …

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Bitcoin Superstar and Bitcoin Era – The Latest Two Faces of the Same Scam

</header> <strong>With the rising price and popularity of bitcoin come numerous scams. Bitcoin Superstar and Bitcoin Era are two investment schemes that have recently gained much attention. News.Bitcoin.com took a look at them, and it did not take much to spot how similar they are to each other and several other well-known scams.</strong> Also read: …

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Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

</header> <strong>Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator in charge of licensing crypto service providers, Boerse Stuttgart is preparing to offer crypto …

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US Bitcoin Miner Aims to Repatriate 30% of Hash Rate Citing National Security

Bitcoin mining startup Layer1 Technologies has begun operations at its West Texas facility, with an ambitious roadmap to secure 30% of the hash rate. Layer1, which raised $50 million in November from Thiel, Shasta Ventures and Digital Currency Group, said it has now brought multiple 2.5-megawatt liquid-cooled mining containers online. Its short term goal is …

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Bitcoin Slides Back Below $10K Amid Quick Bearish Sell-Off

Bitcoin has dipped back below the psychological area of support near the $10,000 level amid a 20-minute bearish sell-off that took the markets by surprise. At around 21:30 UTC on Feb. 19, the price of bitcoin (BTC) fell more than 4.5 percent from $10,086 to $9,610, according to CoinDesk’s BPI data, despite the technical signs …

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