A Record Number of Bitcoin Were Recently Withdrawn From Exchanges

July 8 set a year-to-date record for the number of net Bitcoin (BTC) withdrawn from custodial exchanges. The onslaught was led by Coinbase. A bullish sign? Yesterday, 20,660 more Bitcoin were removed from exchanges than deposited according to data from Glassnode. This represents 2020’s biggest daily outflow of Bitcoin from exchanges — a behavior pattern […]

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Zap’s Strike Moves to Public Beta – Bitcoin Magazine

Today, Zap, the Lightning wallet lead by developer Jack Mallers, has announced that their Strike product is now in public beta.   Previously, Strike had only been available through a closed, private beta program. In the private beta, Mallers claims that they have “already seen $100,000 in payments”. Strike is an application that allows you to transact […]

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Will PlusToken Moving $458M Worth of Crypto Spark a Bitcoin Retreat?

Bitcoin and the aggregated crypto market have flashed some signs of weakness over the past 24-hours, with the benchmark digital asset reeling down to the lower boundary of its long-held trading range in a sharp overnight movement. This latest volatility comes as multiple factors begin stacking up in seller’s favor. One such factor is the […]

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Australian Beverage Giant Faces Monero Ransom Demand of Nearly $1M

Another ransomware attack has hit the Australia-based drinks manufacturer, Lion. This is the second attack on the company in less than one week. The cybercriminals behind the attack are threatening to double the ransom amount if Lion does not pay by the specified date. The currency of choice for the particular attack is Monero (XMR). […]

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Microsoft ION Launches Beta On Bitcoin Mainnet – Bitcoin Magazine

ION, a Microsoft-led decentralized identity system built on top of Bitcoin, has officially been moved to beta on Bitcoin’s mainnet today. The news was shared in a release by Casa, a Bitcoin self-custody provider and project collaborator. First announced in May 2019, the Layer 2 network features its own node structure and is being built […]

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Here’s Why Analysts Believe Bitcoin is Poised to Explode to $14,000

Following a sharp decline to $9,400 earlier today, Bitcoin has caught some upwards momentum that is now leading it up towards the five-figure price region. This volatility does appear to be favoring buyers, as it has allowed Bitcoin to erase a significant amount of the losses that came about as a result of its recent […]

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Chinese Citizens Are Now Able to Inherit Cryptocurrency

The Thirteenth National People’s Congress and Chinese People’s Political Consultative Conference has come to an end on May 28. According to Xinhua news, the same day the parliament passed a new civil code; a legislation package that includes protecting the civil rights of inheritance, marriage, property, personality, contract and infringement.  The new code states: “When […]

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This Is the Number One Reason You Should Upgrade to a PlayStation 5 ASAP

More details on the PlayStation 5 are here. We’ve learned just how much faster it is than the PlayStation 4. Paired with Unreal Engine 5, Sony’s machine is sure to be a beast. It’s not a surprise that Sony’s upcoming PlayStation 5 will be more powerful than the PlayStation 4 and its seven-year-old hardware. That […]

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Combining Convenience and Security, TenX Is Expanding Bitcoin Usability – Bitcoin Magazine

The Halving (sometimes referred to as “the Halvening”) is the predetermined moment when Bitcoin’s block subsidy gets cut in half. The halving of Bitcoin’s block subsidy occurs every 210,000 blocks (approximately every four years) and is a key feature of Bitcoin. Bitcoin Magazine presents non-stop coverage of Bitcoin’s third Halving with hours of commentary and analysis from Bitcoin 2020 […]

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XRP Prints Fresh Low After Nearly a Year of Consolidation

XRP, the native altcoin asset powering the Ripple cross border payments protocol, just set a new bear market low on the BTC trading pair, following nearly a year of consolidation. What exactly does this mean for the third-ranked crypto asset and how much further could this drop extend? Ripple Consolidates For Over 250 Days At […]

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