Bitcoin Fees Jump to Nearly 1-Year Highs – But Why?

The average fees required to send a bitcoin transaction are on the rise again. After hovering steadily around the $0.50 mark over the last six months, data shows average fees hit their highest level in nearly a year in early April, according to data from Bitinfocharts. Since then, averages fees have swelled to around $1 to $2, a move that coincided with bitcoin’s price “break out” earlier this month. Graph via Bitinfocharts.com Bitcoin fees are required because there’s limited room in every block added to the bitcoin blockchain – a feature most…

Craig Wright’s Fight With a Cartoon Bitcoin Astronaut Cat Explained

There’s a legal conflict brewing between outspoken members of the bitcoin community and the controversial computer scientist who claims to be the cryptocurrency’s creator. It’s a complex story to untangle, but it boils down to Australian computer scientist Craig S. Wright – who has claimed to be bitcoin’s pseudonymous creator since 2016 – sending out legal letters to those community members that have called him a “fraud.” While several news reports, as early as late 2015, identified Wright as Satoshi, and the lead maintainer of bitcoin at the time Gavin…

Bitcoin Price Goes 123 Days Without New Lows, Bull Market Ahead?

Bitcoin investors are ready to call $3,100-area a bottom as the cryptocurrency continues its upward trend. The Rythm Trader noted that bitcoin had gone 123 days without posting fresher lows, which brought up its total gains since December close to 65 percent. The famous market analyst considered it as a sign of steady bullish momentum, believing that it would extend further soon. Bitcoin has now gone 123 days without a new low. It’s up 65% from December. Don’t get caught picking up a penny in front of the steamroller that…

This Billionaire Investor is “More and More Bullish” in Crypto and Bitcoin

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Michael Novogratz, the billionaire founder of Galaxy Digital formerly of Fortress Investment Group, has said he has become much more bullish in bitcoin and crypto in recent months. “I am…

Next Bitcoin Bull Run Slays 2017’s ‘Hype-Driven’ $20,000 Rally: Researcher

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: Tom Shaughnessy, a co-founder at Delphi Digital, an independent research boutique for institutional-grade analysis, believes the next bull run of bitcoin will be bigger than the previous rally.…

Bitcoin (BTC) Smashes Resistance: Buyers Target Fresh Monthly High

Bitcoin price settled above the $5,160 resistance and climbed above $5,250 against the US Dollar. The price traded towards the $5,300 resistance and it is currently consolidating gains. There is a key ascending channel in place with support at $5,230 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dips a few points, but it remains well supported for more gains above $5,300 and $5,350. Bitcoin price gained bullish momentum above $5,250 against the US Dollar. BTC remains in an uptrend and it is…

Crypto Market Could Pump $10 Billion: Bitcoin Cash, EOS, Tron, BNB Analysis

The total crypto market cap broke the $170.0B resistance and it could now test $180.0B. EOS price is back above $5.50 and it could continue higher towards the $5.65 level. Binance Coin (BNB) is slowly climbing towards the $20.00 and $21.00 resistance levels. Bitcoin cash price is currently consolidating above $310, with a positive bias. Tron (TRX) price is likely to rise towards the $0.0285 and $0.0292 resistance levels in the near term. The crypto market is gaining pace, with strong bullish moves in bitcoin (BTC) and Ethereum (ETH). Altcoins…

Cartoon: Distorting Mirrors | Bitcoin Magazine

To many on the outside, the blockchain industry and speculative crypto markets are one and the same, which often leads to misunderstandings. For the two entities that regulate the market, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the result is that they tend to either look at the whole industry as an “unregulated mess” or view it with concerns about fraud or “operational risk.” Ultimately, regulators view the blockchain industry through distorting mirrors. Source link

Winklevoss Twins and Charlie Shrem Settle Long-Running Legal Fight Over 2012 Bitcoin Deal

Cameron and Tyler Winklevoss have reached an agreement with bitcoin (BTC) entrepreneur Charlie Shrem to end a lawsuit the twins filed against Shrem last year. The news was revealed in court documents filed on April 16. The twins, who founded crypto exchange Gemini, had accused Shrem of stealing 5,000 bitcoin (worth about $26.1 million at press time) and using the crypto to buy Maseratis, powerboats and other luxury goods. He denied the allegations, which dated back to 2012. Attorneys for both parties have signed the document filed with a federal…

US District Attorney Indicts Three for Laundering Millions With Bitcoin

The Manhattan district attorney has indicted a group of individuals with allegedly selling drugs and laundering millions of dollars with bitcoin (BTC). The development was announced in a press release published on April 16. Manhattan District Attorney Cyrus R. Vance, Jr., the United States Secret Service, the U.S. Postal Inspection Service (USPIS), and U.S. Homeland Security Investigations (HSI) have indicted Chester Anderson and his criminal accomplices Jarrette Codd and Ronald Maccarty. The defendants allegedly operated stores on the dark web that sold and shipped “hundreds of thousands” of tablets of…