Tag: Bitcoin News

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Privacy Wallet Wars: Wasabi Vulnerabilities Denied by Developer

OXT Research, the team behind Bitcoin (BTC) wallet Samourai Wallet, has announced that its researchers have identified two potential privacy vulnerabilities in the open-source Wasabi Wallet that could impact the security of CoinJoin transactions carried out through the wallet. This said, zkSNACKs, which developed Wasabi Wallet, rejects these claims and accuses OXT Research  Read more…
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Bitcoin and Altcoins Consolidate Losses Above Key Supports

Bitcoin price started a corrective decrease below the USD 12,200 and USD 12,000 support levels. The price is currently (08:30 UTC) consolidating above the USD 11,550 support. To start a fresh increase, the price must surpass the USD 11,850 and USD 12,000 resistance levels. Similarly, most major altcoins corrected lower and are currently consolidating losses…
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South African Bitcoin-Based Trading Firm Investigated for Fraud

After promising on its website to “take the hassle out of forex trading by doing it all for you,” a South Africa-based company is now under investigation by the country’s financial regulator, saying that the return figures which the company flashes seem “far-fetched and unrealistic.” Per a press release from the South African Financial Sector…
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Bitcoin Mining Difficulty Set for a New All-Time High

Bitcoin (BTC) mining may rise to become the most difficult it’s ever been in five days from now. Meanwhile, miners continue spending. If the BTC.com estimates come true, bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, will rise nearly 3% during its next adjustment, which would bring…
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PlanB, Glassnode Bullish on Bitcoin as Price Enters ‘Belief’ Zone

While the pseudonymous analyst behind the bitcoin (BTC) stock-to-flow (S2F) model and an on-chain analysis firm are both expressing their bullishness on bitcoin, market sentiment is steadily improving for the number one cryptocurrency. PlanB, the analyst behind the popular and sometimes controversial S2F model, tweeted yesterday that bitcoin is looking strong with a  Read more…
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Bitcoin Hashrate Falls 25% in 3 Days, Miners Unplug as Floods Hit China

With heavy rainfalls and flooding hitting Southwest China’s Sichuan province, the global computing power dedicated to mining bitcoin (BTC) has now dropped by about a quarter, as some Sichuan-based miners have been forced to unplug from the network. The bitcoin computing power, usually referred to as the hashrate, dropped from a level of more than…
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4 Reasons Why Bitcoin’s Price Hike Beats Every Other Asset Class – Report

With the price of bitcoin (BTC) rising by more than 71% (Tuesday 14:00 UTC) since the beginning of this year, a recent analysis points to four factors which have allowed the cryptocurrency to generate a return that beats out every other asset class’ performance. The primary drivers that have pushed up the price of bitcoin…
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Brazil’s Biggest Crypto Exchanges Agree to Self-Regulate

Some of Brazil’s biggest crypto exchanges have agreed to create and abide by a new self-regulatory code of conduct, and have collectively vowed to impose know-your-customer (KYC) and other compliance-related protocols. Per media outlet Criptonoticias, the initiative was launched by the Brazilian Association of Crypto-economics (known locally as ABCripto) late last  Read more »Pay, Trade,…
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Bitcoin Is ‘a Myth’ Says French Central Bank Policymaker

A leading French academic and central bank policymaker has called bitcoin (BTC) a “myth” and a “pseudo-currency,” and dismissed the token’s chances of becoming money in the future, claiming that it fails to meet criteria currently fulfilled by fiat. The claims were made in a paper released by the Banque de France, the country’s central…
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Bitcoin and Altcoins Start Fresh Surge As Bulls Take Driver’s Seat

Bitcoin price started a fresh increase after it broke the key USD 12,000 resistance. It opened the doors for more gains and the price traded close to the USD 12,500 level. It is currently (08:30 UTC) correcting gains, but there are several supports on the downside such as USD 12,200 and USD 12,050. Similarly, there…
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