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Archive for June 2019

Tether Printers Keep Churning Out as USDT Supply Increases Again

All eyes have been on bitcoin recently as markets move into a consolidation phase following a flash crash last Thursday. What may have gone unnoticed is the issuance of more USDT as Tether market capitalization continues to crank higher. $100 Million USDT Added Since Friday Tether’s market capitalization has been slowly increasing. Since Friday a…

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Bitcoin “Creator” Craig Wright Fails To Impress In Court

Self-proclaimed Bitcoin ‘inventor’, Craig Wright, was giving a testimony yesterday to explain why he can’t produce the public addresses of the bitcoin he has mined. Fortunately, law reporter, Carolina Bolado, was there to tweet progress as it happened. The Wright Side Of The Story Wright was in court as defendant in the case brought by…

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Bloomberg Finally Accepts Bitcoin ‘Is Here to Stay’

Mainstream media has been far from complimentary about bitcoin and cryptocurrencies in recent years. The vitriol and FUD makes headlines but it is largely based on ignorance of the technology and its ethos. Industry giant Bloomberg may finally be warming to bitcoin however, but will others follow. Bloomberg Bigs Up Bitcoin Bitcoin appears to have…

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Bitcoin Lightning Network Hits $11M Capacity; Updates

Bitcoin’s scaling solution, the Lightning Network, is currently sitting at a capacity of around $11M. More interestingly, though, there are major updates underway already. Eltoo Coming to Lightning Network A user going by the name of u/almkglor has taken to Reddit to discuss some of the upcoming updates on Bitcoin’s scaling solution, the Lightning Network.…

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Bitcoin Price Volatility Is Nothing To Be Scared Of

Bitcoin price has suffered its first major pullback in 41 days. But while this seems like a daunting thought, there are some who actually believe that this is a good thing.  Reasons Volatility Can Be Good For Bitcoin A Twitter thread from Bitcoiner and Stanford Law student, Conner Brown, makes the case for volatility. Volatility…

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Bitmex Sees $500 Million Bitcoin Short Liquidation in 24hrs –

Bitcoin trading activity is breaking all-time records in terms of volume and open interest in Bitcoin futures. The latest trading activity has caused Bitcoin’s value to reach an 18-month high, forcing a huge amount of Bitmex short-sellers to abruptly liquidate their positions. Bitcoin Futures Hits Record Highs 4 Days Running CME saw a record volume…

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Wanchain Beta Testnet Goes Live, What’s Next?

Wanchain – a blockchain project that aims to build the future of digital finance, has just launched its much anticipated Galaxy Proof of Stake Beta TestNet. Through the platform’s cross-chain communication protocol, the Wanchain beta launch takes yet another step towards solving the blockchain arena’s interoperability woes.  In a nutshell, this centers on an inability…

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