The latest cryptocurrency news – stay up-to-date with breaking news on major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple and ICOs. What obligations do you have to take into account when preventing money laundering as an employee? With e-learning money laundering prevention cryptocurrency for employees, you will learn the following specialist skills: EU … Anti-cryptocurrency proponents are quick to spout the common belief that digital currencies are used for illegal purchases. However, a new study disputes this myth and confirms what we already knew…
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Bitcoin Falls Below the $7,000 Mark
By Live Bitcoin News – 14 minutes ago
Today is a strange day for bitcoin. The currency has fallen below the $7,000 mark yet again and has shed approximately $300 from its price in one day. Bitcoin Has Taken Another…
Ethereum is Coiling Up for a 60% Rally as Bullish Consolidation Begins
By News BTC – 14 minutes ago
Ethereum has entered another bout of sideways trading in the time following its recent rejection at $175, with ETH now establishing some significant support around the mid-$150…
Ripple Price Prediction: XRP/USD Falls to $0.18 Low, Sellers Threaten to Short
By InsideBitcoins – 49 minutes ago
XRP Price Analysis – April 11 On April 6, XRP/USD pair reached the high of $0.20500 and traded below the resistance. The bulls made concerted […]The post Ripple Price Prediction:…
Privacy Coins May Have ‘Communication Issues’
By CryptoGlobe – 1 hour ago
Many cryptocurrency projects claim to offer financial privacy. But just masking transaction data isn’t useful on its own, and privacy coins will fail if they don’t provide the…
Crypto Market Cycle: Data Shows Bitcoin On Pace For Post-Halving Bull Run
By News BTC – 1 hour ago
With Bitcoin’s halving arriving next month on May 11, 2020, the expectation across the world of crypto has long been that the valuation of the first-ever cryptocurrency would…
Bitcoin Price Prediction: BTC/USD Consolidates Above $6,800 Support as Bulls and Bears Tussle for Price Possession
By InsideBitcoins – 3 hours ago
Bitcoin (BTC) Price Prediction – April 11 BTC/USD Pair downtrend was extended to the support above the 12-day and 26-day EMAs. In other words, BTC […]The post Bitcoin Price…
Macro Economist: Fragile Recovery of Bitcoin May Indicate $2,000 is Next
By News BTC – 4 hours ago
Following Black Thursday, Bitcoin was on a tear, gaining 50% since that fateful day. BTC was trading at $7.3k, but a rejection at the 50-day moving average, coupled with falling…
Ethereum Gearing For Potential Long Squeeze As Optimism Builds
By InsideBitcoins – 5 hours ago
Retail investors seem to have an overwhelmingly positive outlook on Ethereum. In an amusing twist of fate, this could actually lead to a decline, as […]The post Ethereum Gearing…
Craig Wright’s Defense Team Faults Court for Doubting His Credibility
By InsideBitcoins – 6 hours ago
Craig Wright’s attorneys have taken the offensive against the court in the ongoing lawsuit between them and the estate of David Kleiman, Craig’s former associate. […]The post…
Could miner capitulation see bitcoin fall?
By CryptoDaily – 9 hours ago
Bitcoin: This Financial Trend “Could Not Be More Bullish” for BTC
By News BTC – 11 hours ago
After March’s 50% crash, there are many reasons to be bearish on Bitcoin. As seen by the recent decrease in the crypto market’s liquidity and some traders publicly throwing…
Bitcoin Price Prediction: BTC/USD Fails to Breach $7,400 Resistance, Attracts Selling Pressure
By InsideBitcoins – 12 hours ago
Bitcoin (BTC) Price Prediction – April 11 BTC/USD pair failed to break above the $7,400 resistance after hovering for the past three days. This attracted […]The post Bitcoin…
How Reddit’s New Ethereum Project Could Be Huge for Crypto Adoption
By News BTC – 13 hours ago
If you’ve perused the “cryptocurrency” subreddit, you have likely heard the rumors that Ethereum is being used by Reddit — the giant social media forum with…
Bitcoin-funded Pre-triage Coronavirus Medical Center in Italy is now Fully Operational
By Themerkle – 14 hours ago
A little while ago, there was a buzz on social media regarding a Bitcoin donation page for coronavirus supplies in Italy. The pre-triage tent waiting to be funded is now officially…
$1 Billion Worth of Bitcoin Moved For Less Than a Cup of Coffee
By News BTC – 15 hours ago
For the longest time, Bitcoin has been deemed useless by mainstream economists, investors, and others. LendingTree Chief Economist Tendayi Kapfidze told Yahoo Finance in an…
Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes
By News BTC – 17 hours ago
Another week, another round of Crypto Tidbits. Bitcoin has effectively been flat on the week, recently returning to around where it started the week after briefly interacting with…
Bitcoin Price Prediction: BTC/USD Is down Profusely as the Price Couldn’t Stay Above $7,000
By InsideBitcoins – 18 hours ago
Bitcoin (BTC) Price Prediction – April 10 The Bitcoin (BTC) is likely to suffer more losses as it looks like the downside target of $6,500 […]The post Bitcoin Price Prediction:…
Hedge Fund Manager: Bitcoin is a “Textbook Short” Because of This Key Reason
By News BTC – 18 hours ago
Bitcoin faced a grim overnight rejection within the lower-$7,000 region that led it to decline all the way to its low-time-frame support at $6,800, with bulls ardently attempting…
HTC Exodus 1s Can Will Soon be Able to Mine Monero Cryptocurrency
By InsideBitcoins – 18 hours ago
HTC, the manufacturer of phones, laptops, and other electronics, will soon allow owners of the HTC Exodus 1S smartphone to mine Monero. That’s right, they […]The post HTC…
Ripple Price Prediction: In the Early Hours of Today, XRP/USD Falls Below $0.200
By InsideBitcoins – 19 hours ago
XRP Price Prediction – April 10 Ripple (XRP) has been down by more than 4.69% in the last 24 hours as the value gone below […]The post Ripple Price Prediction: In the Early Hours…
This Crypto Could Explode Over 100% If It Builds Confluence with Bitcoin
By News BTC – 20 hours ago
It has been an incredibly volatile year for Chainlink, with the highly bullish crypto rocketing to fresh all-time highs in early-March before it lost its momentum and found itself…
Bitcoin Cash Underwent a Halving Last Wednesday
By Live Bitcoin News – 20 hours ago
A bitcoin cash halving occurred last Wednesday, and many are waiting with bated breath to see what happens. Bitcoin Cash Has Undergone a Halving In the past, big events surrounding…
Bitcoin Price Prediction: BTCUSD Drops Below $7,000; Rapidly Losing Its Previous Gains
By InsideBitcoins – 20 hours ago
Bitcoin (BTC) Price Prediction – April 10 Bitcoin’s rally turned out to be short-lived as it lost almost 10% in the last two days. BTC/USD […]The post Bitcoin Price…
What Data Tell Us About the Bitcoin Cash Halving
By CryptoDaily – 20 hours ago
This week marked an important milestone for Bitcoin Cash, as last Wednesday the crypto-asset reached block height 630,000 and cut the mining reward by half to 6.25 BCH every 10…
Ripple XRP Or Stellar XLM?
By CryptoDaily – 20 hours ago
Next Major Bitcoin Drop Could Fall to as Low as $1,800: Analyst
By News BTC – 21 hours ago
Bitcoin price was just rejected from above $7,000, after recently bouncing from extreme lows under $4,000. With the first-ever cryptocurrency failing to reclaim highs from even…
Bank of America Execs Confirm Partnership with Ripple
By CryptoGlobe – 21 hours ago
Several Bank of America executives discussed the future of digital payments, confirming the bank’s partnership with Ripple after years of speculation.
BTC Volatility Is At Its Highest Point Since 2013
By Live Bitcoin News – 22 hours ago
Analysts are claiming March was a pivotal time for bitcoin and most other cryptocurrencies in terms of volatility. Volatility Was At Its Highest Since 2013 During this month,…
Ethereum Whales Are Building a Massive Buy Wall; Will it Stop a Selloff?
By News BTC – 22 hours ago
Ethereum and the aggregated cryptocurrency market saw a sharp overnight decline that came about after Bitcoin lost the support that had been established at $7,000. This plunge has…
Investing.com – EOS was trading at $2.4808 by 14:39 (13:39 GMT) on the Investing.com Index on Friday, down 10.36% on the day. It was the largest one-day percentage loss since…
XRP Bulls Strive To Prevent New All-Time Low
By CryptoVibes – 22 hours ago
The crypto market is experiencing volatility, as Bitcoin strives to decouple from the traditional markets. Proponents are convinced that the flagship token will soon become a haven…
Number of Bitcoin Whales Hits Two Year High Ahead of BTC’s Halving
By CryptoGlobe – 23 hours ago
The number of bitcoin whales – those with over 1,000 BTC in their addresses – has hit a two-year high ahead of the cryptocurrency’s halving event, in the aftermath of the…
Mike Novogratz: Bitcoin Will Soon Be Bigger Than Gold
By Live Bitcoin News – Apr 10, 2020
It’s no secret that Mike Novogratz – a former hedge fund manager – has always been a big fan of bitcoin. When everyone else has lost faith, he’s always there to tout it and remind…
Bitcoin Association Switzerland Launches New Token On Tezos Blockchain
By InsideBitcoins – Apr 10, 2020
The Bitcoin Association Switzerland announced the launch of a new Bitcoin-backed payment token on Tezos blockchain, called tzBTC, a token type that has recently started […]The…
Nearly 2% of the Ethereum Supply is Margin Long on Bitfinex, But Why?
By News BTC – Apr 10, 2020
Ethereum traders on the cryptocurrency margin trading platform Bitfinex appear to know something that the rest of the world doesn’t and have amassed a sizeable amount of…
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Crypto News Roundup — April 11, 2020
- A new study disputes the myth that most crypto purchases are illegal goods.
- Four crypto leaders made Forbes’ annual list of the richest people in the world.
- Confidence in the upcoming ethereum upgrade led to a 20% one-day price boost.
- Reddit might be implementing a new points system based on a crypto wallet.
Anti-cryptocurrency proponents are quick to spout the common belief that digital currencies are used for illegal purchases. However, a new study disputes this myth and confirms what we already knew to be true: Crypto traders largely use tokens for commonplace transactions, like buying clothing and food. In other words, they’re using crypto as an alternative to fiat, as intended.
The study, in which Visual Objects surveyed nearly 1,000 people “familiar with cryptocurrency” and 157 actual crypto owners, points out the vast differences in perception and reality when it comes to crypto. Unsurprisingly, bitcoin was the most popular token among those surveyed.
Visual Objects surveyed 983 people familiar with cryptocurrency and 157 cryptocurrency owners. The first group was asked what they believed crypto owners prefer to buy. 40% of them said that cryptos are mainly used to buy stocks, while 30% mentioned illegal items. Very few suggested that crypto owners buy clothing (15%) and food (14%).
In reality, the picture is quite different, at least from the perspective of cryptocurrency owners themselves. They said that they use their crypto wallets to buy food (38%), clothing (34%), stocks (29%), and gold (21%). 15% admitted that they purchased weapons and 11% bought drugs with crypto.
Forbes released its annual list detailing the richest people in the world earlier this week, and among the 2,000 or so billionaires on the list are four cryptocurrency entrepreneurs. Leading the digital currency industry (and number 690 overall) in wealth is Bitmain co-founder Micree Zhan, who boasts a not-too-shabby net worth of $3.2 billion. His co-founder, Jihan Wu, trails slightly behind with $1.8 billion.
In between Zhan and Wu is Chris Larsen, the former CEO of Ripple who’s sitting on a smooth $2.6 billion fortune. And coming in at 2,087 is Coinbase CEO Brian Armstrong, with a cool $1 billion net worth. Altogether, the world’s four Forbes-certified crypto billionaires have a combined net worth of around $8.7 billion.
Despite being reportedly worth more than a billion dollars, Binance CEO Changpeng Zhao was conspicuously absent from the Forbes’ list. Zhao was named third among a list of “The Richest People In Cryptocurrency” by the publication in February 2018. Gemini founders Tyler and Cameron Winklevoss are worth an estimated $1.8 billion, separately just shy of the benchmark for inclusion.
There were plenty of billionaires from traditional finance, including Bitcoin opponent Warren Buffett, who is said to be worth $75.4 billion. Even before Zoom took off during the Stay At Home era, Zoom CEO Eric Yuan had already made his fortune. The newcomer to the list has $5.5 billion to his name.
A planned upgrade to the Ethereum protocol may not be due out until July, but ethereum holders are already reaping the benefits. The token’s price saw a single-day increase of 20% by April 6 at closing and continued to see gains throughout the week. According to industry experts, the boost is due to growing confidence in the forthcoming upgrade, often referred to as Eth 2.0 or Serenity.
The 2.0 upgrade, often called Serenity, promises higher transaction throughput and a new security model under proof-of-stake (PoS). Eth 2.0 has been in development since 2015 but had failed to gain traction due to the highly technical expertise required to pursue it, until now.
“From a developer standpoint, Ethereum is the most popular blockchain where most of the smart contract and dapp activity occurs,” says Demian Brener, founder and CEO of OpenZeppelin, a leading security audit firm for Ethereum.
“People are realizing that Ethereum’s network effects especially around community and composability (ETH smart contracts interacting with each other) are stronger than they thought, which might lead to increased trust in the platform and thus higher prices,” Brener added.
Reddit, a popular discussion forum with sub-forums for just about every topic imaginable, may finally be implementing a long-requested feature: a cryptocurrency ecosystem. Redditor MagoCrypto stumbled upon some interesting interface options and shared screenshots of what appears to be a cryptocurrency wallet where users can collect points through individual blockchain addresses.
It is possible the points will have further functionalities in the Reddit ecosystem. Other questions involve memberships and voting, implying that they could be used to contribute to Reddit’s development.
Reddit has long been a popular source of information for cryptocurrency projects. It is home to many crypto communities, with r/Bitcoin boasting 1.4 million members and r/Cryptocurrency with 994,000. But so far, it has held off on implementing a blockchain-based system. Maybe the crypto-loving Redditors have good karma after all.
That’s the roundup for April 11, 2020. Check in next week for the latest news of cryptocurrency innovation and regulation around the world!
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