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Bitcoin Bulls Face ‘Alt’ Competition in Push to $20k

Bitcoin Bulls Face 'Alt' Competition in Push to $20 Bitcoin may still be in the hunt for $20,000, but the bulls need progress soon else a minor pullback could be in the offing. As per CoinDesk's Bitcoin Price Index (BPI), the cryptocurrency is trading at $17,539, having appreciated 4.48 percent in the last 24 hours to a new all-time high. But while that's a modest, even impressive gain, it's worth noting that alternative currencies like litecoin and ether have strengthened…

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Rise of Bitcoins causes stir but questions linger

Rise of Bitcoins causes stir but questions linger Anthony Mburu and his fiancée Elizabeth John who recently attracted curiosity when he paid part of his dowry using Bitcoins, a form of digital currency, in Naivasha Kenya,considers himself a non-conformist. Having quit university in 2010 after just one semester of his engineering course, 26-year-old Anthony Mburu does not fancy formal education, for instance. “Formal education is good. It will give you an average life. You’ll eat, have your mortgage, car loan…

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Holding Strong – Failed Price Breakdown a Boon for Bitcoin Bulls

Holding Strong – Failed Price Breakdown a Boon for Bitcoin Bulls Bitcoin has witnessed decent two-way business in the last 24 hours. A drop below $8,000 during the Asian day was quickly undone and the world's largest cryptocurrency by market value once again approached record highs, hitting $8,333 this morning. At press time, bitcoin is changing hands at $8,228, according to CoinDesk's Bitcoin Price Index. As per CoinMarketCap, the bitcoin-U.S. dollar (BTC/USD) exchange rate has appreciated by 1.13 percent in…

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Bitcoin vs. Bitcoin Cash – Can Both Survive

Bitcoin vs. Bitcoin Cash: Can Both Survive? Industry leaders comment on which will dominate the market: Bitcoin or Bitcoin Cash. You could be forgiven for thinking Bitcoin Cash was dead; the currency had slumped to about $600 before a sudden revival last week caused the price to soar to $2,600 while simultaneously knocking Bitcoin down a few notches. As a brief recap, Bitcoin recorded a new all-time high of about $7,800 on Wednesday, November 8 followed by a downward trend,…

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Roger Ver Declares Bitcoin Cash to Be True Bitcoin, Market Forces Bring More Attention

Roger Ver Declares Bitcoin Cash to Be True Bitcoin, Market Forces Bring More Attention Earlier this year, divergent groups within the original Bitcoin community could not agree on a particular protocol to be implemented in scaling the platform. Those who sought bigger blocks therefore hard forked away from Bitcoin and created Bitcoin Cash (BCH). Battle for supremacy Since the creation of Bitcoin Cash in August 2017, there has been a tug on both sides of the divide and many key…

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Morgan Stanley chief says bitcoin ‘doesn’t quite deserve the attention it’s getting’

Morgan Stanley chief says bitcoin 'doesn't quite deserve the attention it's getting' Morgan Stanley Chairman and CEO James Gorman said bitcoin is getting more attention than it might deserve He said the cryptocurrency is the "definition" of a speculative investment, and anyone thinking it might be stable is "deluding themselves" But Gorman acknowledged that bitcoin's growing acceptance and usability meant it was not going away overnight Bitcoin is getting more attention than it deserves, but the phenomenon is not going…

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Bitcoin Gold Sets Sunday Date for Cryptocurrency Release

Bitcoin Gold Sets Sunday Date for Cryptocurrency Release Bitcoin gold is set to go live this weekend. In a new blog post, the developers behind the fork of the bitcoin blockchain said that they would release a formal software client for download at 7:00 PM UTC on Nov. 12. Originally set for a public launch on Nov. 1, the project is backed by LightningASIC, a seller of mining hardware based in Hong Kong, as well as a community of relatively…

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Relief and Disbelief – Bitcoin Reacts to Sudden ‘2x’ Suspension

Relief and Disbelief – Bitcoin Reacts to Sudden '2x' Suspension The tweets came fast and furious, almost quicker than the articulation. After months of anger and debate, a group of businesses and mining firms that use bitcoin’s software to provide services suddenly shuttered an attempt at changing its rules. Scheduled to be introduced in mid-November, the Segwit2x software had emerged as a controversial bogeyman, a cloud of uncertainty over bitcoin’s future, that quickly gave way. Among those who had for…

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Bitcoin’s Bogeyman Cometh – Why Segwit2x Is a 51% Attack

Bitcoin's Bogeyman Cometh – Why Segwit2x Is a 51% Attack In bitcoin's Necronomicon of possible attacks and weaknesses, one reigns supreme – the 51% attack. If there is a fear that has played on people's minds as the end-of-days scenario for bitcoin, it is this. Attackers who hold more than 50% of hashing power could stop transactions from confirming and even reverse some transactions. They could undermine the whole project. Bitcoin's design and its system of economic incentives has been…

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Bitcoin Price Achieves New All-Time High at $7,598 -Why is the Market So Optimistic

Bitcoin Price Achieves New All-Time High at $7,598 -Why is the Market So Optimistic Once again, the bitcoin price has achieved a new all-time high at $7,598 on November 5, as the market continues to be optimistic about the mid-term performance of bitcoin. Rapid Adoption in Major Regions In Japan and South Korea, two regions in Asia that are known to have extremely conservative investors and traders, have seen an exponential increase in the demand for bitcoin from local traders.…

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