Bitcoin Price Drop to $2.5K Possible if Bulls Fail to Retake $7,350

Bitcoin (BTC) price took a seemingly unexpected turn over the last week as the digital asset shed nearly $2,000 over the past 5 days. Last Sunday Bitcoin looked strong with a peak at $8,727 but by Friday the price found a floor at $6,776.   With a drop of 22% within just 5 days, can investors expect a bounce to reclaim the lost ground, or will Bitcoin head to new lows to close out 2019? Let’s take a look at what could happen next. Daily crypto market performance. Source: Coin360.com Why…

China’s Dive Into Blockchain, Digital ID Spurs Rest of World to Action

News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country. President Xi identified dozens of use cases that should be promoted: loans, health care, anti-counterfeiting, charity and food security. Xi emphasized that blockchain development could “China gain an edge in the theoretical, innovative and industrial aspects of this emerging field.” That was the green light the Chinese blockchain startups and ongoing projects needed…

Binance Denies Police Raid, Bitcoin Wipeout, Facebook ‘Stupid’: Hodler’s Digest, Nov. 18–24

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Binance and Bithumb deny reports of Chinese police raids Heads were turned this week when reports suggested that Binance and Bithumb, two major crypto exchanges, have closed their offices in Shanghai following raids by Chinese police. However, not everything is as it seems, with both…

A Berlin Odyssey — 7 Days of Crypto-Living on Monolith’s ETH Debit Card

“YOU’VE TRANSCENDED. You are here because you’ve opened your eyes to a new type of society; one powered by a decentralised economy and full of shimmering new possibilities.”  This is not the calling card for a new religion. This is what new Monolith customers are met with when opening up the box for the first time. Narrative is a central part of cryptocurrency, whether people like it or not. Monolith has taken that narrative and made it central to its branding.  When I fished the Monolith crypto debit card out…

Sticking to Crypto’s Core Philosophy Is the Way to Prevent Its Abuse

When the internet was a fledgling technology, there was a lot of uncertainty. Some people thought it would amount to nothing. Clearly, they were wrong. Today, the internet is a massive, global necessity. The internet has enabled us to connect to each other around the globe, it allows us to purchase anything we want in one click, and it has given us access to all the content we could ever want. However, the internet also brought about many less-than-desirable developments. The internet enabled the government and big corporations to surveil…

Bitcoin Core 0.19.0 Released: Here’s What’s New

Today, November 24, 2019, marks the official release of Bitcoin Core 0.19.0, the 19th major release of Bitcoin’s original software client launched by Satoshi Nakamoto almost 11 years ago and still the dominant Bitcoin implementation on the network today. (Though due to an issue that came to light in a late stage of the Bitcoin Core 0.19.0 release process, the version released for download is actually 0.19.0.1.) Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by over a hundred contributors over a…

JPMorgan’s Blockchain Products, Explained by Ex-JPM Tech Leads

JPMorgan Chase — whose CEO, Jamie Dimon, once notably expressed skepticism over cryptocurrency — was actually one of the first financial institutions to “learn to love the blockchain.” In 2015, the bank created a division dedicated to exploring emerging technology such as blockchain. We were two of the first members of the JPMorgan blockchain team. We built some of its earliest blockchain technology and vetted other blockchain providers for the bank’s strategic investment and adoption. In this article, we’ll discuss the technology we developed during our time at the bank…

Bitcoin (BTC), XTZ, LEO, XRP, BSV

The total crypto market capitalization slumped from close to $238 billion on Nov. 18 to a low of about $189 billion on Nov. 22. That is a drop of just over 20% within four days. However, despite the sharp fall in prices, the Bitcoin miners remain unfazed as the hash rate on Nov. 23 was close to its previous all-time highs. Cardano (ADA) creator Charles Hoskinson tweeted that the current price drop was due to the FUD created by the media news and market manipulation. He reminded the crypto community…

The Quest for a Pan-European Approach to Cryptocurrency

Part of the appeal of digital currencies is their global nature. Since the vast majority of digital currencies are not sponsored by an individual state, the hope was that the crypto world could be largely borderless. This has turned out to be a bit of a pipe dream. It turns out that countries actually do matter when it comes to digital currencies, as they have the power of the law and the ability to regulate. It very much matters if an individual trader is located in China, where almost all…