Could Bitcoin Reach $100,000 in 2020? This Indicator Says Aye

Bitcoin is about to get a lot more expensive than it is today, according to Dr. Julian Hosp. The author of ‘Cryptocurrencies Simply Explained‘ evaluated bitcoin’s future performance based on a textbook indicator that measures abundance in commodity markets. Titled Stock-to-Flow Ratio, the index measures the amount of an asset held in inventories (stock) with its annual production rate (flow). Overall, the ratio describes how much time it would take the Stock to reach the Flow. Dr. Hosp noted that it would typically take 62 years for available gold to reach from…

LocalBitcoins Bans Bitcoin Buying in Iran in Blow to Rising Crypto Commerce

LocalBitcoins has officially shut off service for Iran-based users, a move that follows weeks of rising rial trading volumes on the platform. The Helsinki-based peer-to-peer exchange has not explicitly said why Iranians are suddenly being cut off from its service, though U.S. sanctions are almost certainly the cause. News of the move first circulated across local language Telegram channels earlier this week that the exchange had blocked Iranians. Users reported encountering problems in posting new trades and updating previous ones on the website. “If you have an account already, you will…

Blockstream’s Samson Mow Is Launching a Space Alien Gaming Token on Bitcoin

An ardent critic of the hype surrounding crypto token sales is set to do the unlikely: launching a token. Samson Mow, the CSO of bitcoin startup Blockstream, has also been serving as founder and CEO of the gaming company Pixelmatic since 2011. The new plan will see Pixelmatic use Blockstream’s new token platform for launching security tokens on bitcoin via its sidechain Liquid. By way of that platform, Pixelmatic will issue tokenized securities for its upcoming game Infinite Fleet, a science fiction, humans-versus aliens space fighting game. “Take command of a…

Bitcoin (BTC) Price Smashes Resistance: Bulls Target Fresh High

Bitcoin price started a strong rise above the $7,800 and $8,000 resistances against the US Dollar. The price gained traction and even traded close to the $8,200 resistance area. This week’s followed important declining channel was breached near $7,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently forming a triangle pattern and it could continue higher above $8,150 and $8,200. Bitcoin price jumped back into a positive zone above $7,800 against the US Dollar. BTC is currently forming a bullish pattern and…

Two Miners Purportedly Execute 51% Attack on Bitcoin Cash Blockchain

Two miners have reportedly executed a 51% attack on the bitcoin cash (BCH) blockchain, according to tweets by Cryptoconomy Podcast host Guy Swann on May 24. A 51% attack occurs when someone controls the majority of mining power on a Proof-of-Work blockchain network. This means that the majority block verifier can prevent other users from mining and reverse transactions. While many have assumed that a 51% attack would be carried out with malicious intent, the above case happened as the two mining pools attempted to prevent an unidentified party from…

Infographic: An Overview of Compromised Bitcoin Exchange Events

The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2.0. All hacks in this infographic are displayed as if the price of bitcoin was the same when they occurred, in order to visualize their magnitudes in relation to one another. The x-axis shows the price of bitcoin at…

Staking Claim on Bitcoin — Does Craig Wright’s Copyright Filing Hold Legal Merit?

Bitcoin SV (BSV) has had a big week. On Tuesday, its price jumped by just over 110%, leaping from about $62 at 1:14 p.m. UTC to $132 an hour later. Given that BSV had been having a rough time in the previous month, with a number of high-profile delistings, this dizzying price rise must have come as a relief to the supporters of the cryptocurrency and the company that created it — nChain. And while explanations for sudden market shifts are often hard to come by in the cryptocurrency industry,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 24

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Cryptocurrency fund manager Brian Kelly expects Bitcoin to rally further in the next few months on the back of its “halvening,” due in 2020. He proposes investors to buy around the current levels and  keep 1% to 5% of their portfolio in Bitcoin. Similarly,…

Bitcoin Crosses $8,000 as Major Oil Futures See Losses

Friday, May 24 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) crosses the $8,000 mark again. Market visualization courtesy of Coin360 Bitcoin is up over 5% on the day, trading at $8,018 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 8.42%. Bitcoin 7-day price chart. Source: CoinMarketCap Earlier this week, CEO of Morgan Creek Capital Mark Yusko said bitcoin should be in every investor’s portfolio. Ether (ETH) is holding onto its position as…

Bitcoin Ceiling at $8,500 But AT&T is a Stamp of Approval

Bitcoin capped at $8,500 AT&T now accepts Bitcoin, partners with Bitpay An observer is of the view that the next Bitcoin will not be “Bitcoin” or even a cryptocurrency. If that is correct, it may explain investors’ renewed optimism now that Wall Street is increasingly accepting, interpreting positives from the world’s most valuable asset. Bitcoin Price Analysis Fundamentals Behind Bitcoin is a robust code base. A platform of the people with one express purpose: disrupt traditional finance. A decade after launching, users are ecstatic about what the future holds. Some…