The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining

The Daily: Small Town Takes a Break From Mining, Industry Consolidation AheadIn today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.S. town that has banned […]

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Bitcoin Price Watch: BTC/USD Bearish Within Range Below $6,450

Key Points Bitcoin price failed to move above the $6,450 and $6,460 resistance levels against the US Dollar. There is a key connecting bullish trend line in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must clear the $6,450 and $6,460 resistance levels to

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Real Reason Why China Doesn’t Want Blockchain: Strict Censorship

The Cyberspace Administration of China is tightening its stance against anonymity offered under the garb of blockchain technology. The central internet regulator, notorious for its role in building the so-called “The Great Firewall of China,” has drafted new regulations that would require local blockchain companies to register users with their real names and national identification

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Yenom Developers Propose a New BCH Payment Protocol

Yenom Developers Propose a New BCH Payment ProtocolThe developers who created the Bitcoin Cash-centric wallet Yenom have revealed the team has been working on an interesting protocol for the BCH ecosystem. On Oct. 21, Yenom developer Shun Usami published a wallet scheme called the Deep Link Payment Protocol, a communication system that allows users the ability to simply click a link on […]

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Bitcoin Price Drops to $6,400: Further Decline to Low $6,000 Region in Play?

In the last 24 hours, the Bitcoin price has experienced a gradual decline from $6,500 to $6,410, struggling to demonstrate momentum in the relatively low region of mid-$6,000. On October 21, CCN reported that the low volume of Bitcoin remains a concern for traders, as it demonstrated the lack of interest in investors in the

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Online Fiat Wallet Neteller Launches Cryptocurrency Exchange Service

Online Fiat Wallet Neteller Launches Cryptocurrency Exchange ServiceDigital fiat currency wallet provider Neteller has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC. The cryptocurrency service is already live in 10 countries and the company “plans to roll it out to more than 50 additional markets.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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Bitcoin Network Congestion Reaches 95%, But Fees Hold Steady

Popular cryptocurrency analyst Willy Woo has observed what many others in the community have overlooked. While this year’s market downturn has shaved off approximately 70% of BTC’s value, the Bitcoin network is quietly gaining scale. It’s a sign of what many blockchain pioneers have been touting during the market downdraft, which is for developers to

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Bitcoin Hits New Yearly Low Volume, Only Way to Reverse Trend is a Big Spike

Over the past 24 hours, Bitcoin has achieved a new yearly low volume, demonstrating a lack of momentum and strength to recover to the higher region of $6,000. On Coinmarketcap, the volume of Bitcoin fell to $3.1 billion while it fell to $1.91 billion on CoinCap. The previous yearly low point of the Bitcoin volume

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Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes

Markets Update: A Narrowing Range of Consolidation and Digital Asset Trade VolumesNot a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days. This Sunday, Oct. 21, the entire cryptocurrency economy of over 2,000 […]

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