Posts in Category: Bitcoin

price volatilities of Bitcoin

It seems that the season of altcoins is on its way. In this midst, we can refer to some altcoins that have gained a lot of fans through the increase in their price. But on the other hand, the news that has been published in recent days about the remarks of the French economy minister with respect to Facebook’s cryptocurrency 

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Facebook’s coin Played a Role

Libra or the stablecoin that is set to be released by the big company Facebook, has had a serious and fundamental role in the development of news and growth of different cryptocurrencies.

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Mining in Different Parts of World

Mining Bitcoin is carried out in various parts of the world. Considering the limitations imposed by some governments in this regard and high electricity consumed in this process, mining is a little difficult.

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Bitcoin Cash’s Achievement

BCH fork was developed after the first BCH block (478559) was mined by the mining pool Viabtc. Its first block was able to hold 6,985 transactions. Furthermore, its recent hash rate was 4% that of BTC network. Regarding capitalization, it even succeeded in winning a higher position than Litecoin on August 2.

 

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Might Go Above $11,000

As some Bitcoin experts had predicted, the price of Bitcoin went above $10,500 today August 3, 2019, and according to the charts it is going toward $11,120, which means a full force bull market once again.

 

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Five Main Applications

From the time Bitcoin has been emerged as a new innovation both in science and economy and getting involved in the world of business, various cryptocurrencies have been introduced to the market. The potential features which were once hidden gradually were expressed according to various fields they started to play a role in.

 

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Looking to Replace Banks;Not Bitcoin

If you have followed the news about cryptocurrencies, then you surely know about the measures taken by Facebook to release its own cryptocurrency called Libra. By designing and developing its cryptocurrency, Facebooks intends to create a more stable method for financial trades. 

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Weakest Bull Market Since 2019

According to Chaikin Money Flow indicator, the bull market of Bitcoin is at its weakest condition in five months. This indicates that Bitcoin could again fall down, as it did recently to about 9,000 dollars. In order for the Bitcoin bull market to be fully strong again, the price of Bitcoin needs to go above 11,200 dollars.

 

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Trump Does Not Accept Bitcoin

These days the news about Facebook’s cryptocurrency has led to new controversies, various remarks are made and authorities of different countries like the president of the United States are among the people who have made remarks with respect to this matter

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