Can Facebook’s Libra Be Used For Illicit Transactions? |

10m
cryptonewmedia

Fundstrat: Bakkt’s Launch Expected by Late Q3, Could Be ‘Huge Accelerator for Market Growth’

16m
cryptoglobe

Why Is A VPN Absolutely Necessary For You?

17m
bitcoinwarrior

Bitcoin’s Bull Run in 2015-2017 is Very Similar to What We’re Seeing Now, Analyst Opines

30m
zycrypto

Week of Crypto-Regulations: Governments in the US, China and India Take Heed

1h
coingape

Financial Analyst: Bitcoin Futures Are A Great Buy At $8,500

1h
bitcoinist

Despite Being “For Everyone,” Those Banned from Facebook Likely Can’t Use Libra

1h
beincrypto

Bitcoin Price (BTC) Signaling Bullish Continuation To $11K

1h
cryptonewmedia

Can Facebook’s Libra Be Used For Illicit Transactions?

1h
bitcoinwarrior

NYDAX: Seeking to Disrupt Wall Street and Pave the Way to Digitized Securities

2h
bitcoinwarrior

CGC Kyiv 2019, the largest blockchain gaming conference announced on Oct 10-11 – 1500 delegates from 50 countries, 100 speakers, VR, AR, hackathon

2h
block

Blockchain Life 2019

2h
block

The Future of Automation in UX and Design System Ecosystems with Jiří Třečák (Supernova) at TCE2019 Prague

2h
block

Bitso Get License to Operate XRP-based xRapid Transactions in Mexico

2h
thebitcoinnews

This Week in Cryptocurrency: July 19th, 2019

2h
thebitcoinnews

Zcash Forks Into New Blockchain Network Ycash

2h
thebitcoinnews

550 Bitcoins Locked in Ethereum-based Tokens Called WBTC

2h
thebitcoinnews

Libra Does Not Qualify as a Crypto, the World Doesn’t Need it: BlackRock CEO

2h
thebitcoinnews

Hayek’s 1984: Rediscovered Footage Shows Austrian Economist Predicting Bitcoin

2h
thebitcoinnews

7 Unorthodox Ways to Mine Bitcoin

2h
thebitcoinnews

Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development

2h
thebitcoinnews

Bitcoin and Cryptocurrency Not Banned in India, Government Official Confirms

2h
coingape

Ex-Microsoft Engineer Charged with Mail Fraud After Stealing Millions in Digital Currency

4h
beincrypto

Interview: Ethereum development suite Truffle CEO on the future of dApps, regulation, and Libra

4h
cryptoslate

Sally Ho’s Technical Analysis 20 July 2019

5h
cryptonewmedia


Bitcoin High Transaction Fees And Inflation Rate Revives the 2017 FUD Again

coingape

2mon ago

Financial Institutions in the world reportedly have started to include Bitcoin. However, the major products being launched, at the moment, are investment and trading related. While this adds credibility and security to the asset, it makes it a speculative asset nonetheless.

Moreover, gold has limited use, but people all around the world still value its lustrous property. Bitcoin is an efficient store of value, but its transaction capabilities restrict it.

The average fees of each transaction on Bitcoin is again on the rise as the number of transactions is increasing. Marc Bevand, a Twitter user, published his discovery on of the transaction fees problem that has crept us again. He tweeted,

“Bitcoin hit 19 BTC in pending tx fees. It’s an 11-month high, since Jun 20, 2018. Translation: mempool is filling up, tx fees going Average tx fee over the last 6 hours is 3-4 USD. “

Vinny Lingham also expressed his apprehensions about the transaction capability and inflation in Bitcoin that might restrict the growth in price. He tweeted:

The only major concerns I still have right now are : 1) fee stability/inflation impacting the network, 2) if Satoshi’s coins ever moved

The reward for mining Bitcoin is currently higher than the spending rate or the growth rate of the entire network. Hence, there is considerable inflation, even at $8000 price levels. Nevertheless, with the lightning network in development and Bitcoin halving next year, the current transactions inabilities of Bitcoin will have improved a lot. However, at the current economic levels, it looks like a FOMO buy.

Peter Brandt questioned the market sentiments and the scale of the increase in price recently. While he predicted a parabolic move it was supposed to be spread out over time, creating higher highs and higher lows. Hence, he expressed it through a rhetoric poll in which he asked,

…has there has been enough FOMO by BTC bulls who missed the bottom that a sizable correction can now occur.

The ‘short squeeze on Bitcoin’ and then the associated FOMO are the two good plausible explanations for the extreme surge in price. Another trade and chart analyst pointed out to the peculiarity of the parabolic curve that Bitcoin recorded in terms of price.

Will Bitcoin touch $10,000 before sizable correction? Please share your views with us.

Nivesh from Engineering Background is a full-time Crypto Journalist at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Reach out to him at [email protected]

Bitcoin [BTC] Dominance Drop to 52% Will Maintain the Bullish Move for Altcoins: Analyst

Financial Institutions in the world reportedly have started to include Bitcoin. However, the major products being launched, at the moment, are investment and trading related. While this adds credibility and security to the asset, it makes it a speculative asset nonetheless.

Moreover, gold has limited use, but people all around the world still value its lustrous property. Bitcoin is an efficient store of value, but its transaction capabilities restrict it.

The average fees of each transaction on Bitcoin is again on the rise as the number of transactions is increasing. Marc Bevand, a Twitter user, published his discovery on of the transaction fees problem that has crept us again. He tweeted,

“Bitcoin hit 19 BTC in pending tx fees. It’s an 11-month high, since Jun 20, 2018. Translation: mempool is filling up, tx fees going Average tx fee over the last 6 hours is 3-4 USD. “

Vinny Lingham also expressed his apprehensions about the transaction capability and inflation in Bitcoin that might restrict the growth in price. He tweeted:

The only major concerns I still have right now are : 1) fee stability/inflation impacting the network, 2) if Satoshi’s coins ever moved

The reward for mining Bitcoin is currently higher than the spending rate or the growth rate of the entire network. Hence, there is considerable inflation, even at $8000 price levels. Nevertheless, with the lightning network in development and Bitcoin halving next year, the current transactions inabilities of Bitcoin will have improved a lot. However, at the current economic levels, it looks like a FOMO buy.

Peter Brandt questioned the market sentiments and the scale of the increase in price recently. While he predicted a parabolic move it was supposed to be spread out over time, creating higher highs and higher lows. Hence, he expressed it through a rhetoric poll in which he asked,

…has there has been enough FOMO by BTC bulls who missed the bottom that a sizable correction can now occur.

The ‘short squeeze on Bitcoin’ and then the associated FOMO are the two good plausible explanations for the extreme surge in price. Another trade and chart analyst pointed out to the peculiarity of the parabolic curve that Bitcoin recorded in terms of price.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments