Bitcoin news

Square Crypto, the crypto initiative of payments company Square, has announced its second hire. The company has brought on Matt Corallo, a Bitcoin Core contributor and Blockstream co-founder.The post Square Crypto hires Blockstream co-founder and Bitcoin Core contributor Matt Corallo appeared first on The Block.

A San Diego man has been sentenced to 70 months in prison for conspiring to sell drugs through the Dark Web, according to a press release from the U.S.The post Dark Web vendor forfeits 'millions of dollars' in cryptocurrencies; sentenced to 70 months in prison appeared first on The Block.

Bitcoin enthusiasts insist on calling the cryptocurrency a “safe-haven” asset. But is that the case? All signs point to no, according to analysis from The Block’s research analyst Ryan Todd.The post Analysis: Is bitcoin a ‘safe-haven’ asset during capital market turmoil? appeared first on The Block.

The bulls once again supported Bitcoin without letting it drop below $9,700. At the beginning of the week, Bitcoin got a new impetus for growth due to the news from Bakkt, which received permission to launch delivery futures.

The London Stock Exchange (LSE)-listed cryptocurrency mining firm Argo Blockchain is set to increase its electricity supply by 357%, aiming to become “the world's largest publicly-listed crypto miner by 2020.” Argo has signed a three-year deal with Canadian colocation data center GPU.one, which will increase its access to clean power supply from 14 megawatts to […]The post LSE-listed crypto miner Argo to boost electricity supply by over 350%, aiming to become the world's largest by 2020 appeared first on The Block.

On Sunday, we reported that the "real" Satoshi Nakamoto was about to reveal himself as the true inventor of Bitcoin. A company called Satoshi Nakamoto Renaissance Holdings claimed that this would happen in three instalments. It would include his real name, why he hasn't moved any of his 980,000 Bitcoin, country of origin, and his plans for "a Bitcoin renaissance". And so to the big announcement…Bilal Khalid is Satoshi. He hails from Pakistan, resides in the UK and has changed his legal forename and surname to James Caan. In an online post he says: “I am dedicating my comeback to Steve Jobs, a legend of our times who also thought differently and changed people’s lives. His name is synonymous with inspiration.”The post Bilal Khalid Satoshi Nakamoto reveal fails to impress crypto community appeared first on Coin Rivet.

It’s another mixed start for the majors as Bitcoin struggles to break through to $11,000 levels. A lack of direction will add pressure on the majors.

Bitcoin holders in Israel have taken legal action against local banks for their refusal to open accounts for customers seeking to deposit money from cryptocurrency sales, according to a report by Globes.The post Israeli bitcoin holders demand local banks reveal policies regarding cryptocurrency accounts appeared first on The Block.

BitMEX, the Seychelles-based cryptocurrency derivatives trading platform, is closing off its platform to three jurisdictions, the firm announced Monday. According to BitMEX, to ensure the safety of its users' funds and the stability of its platform the firm has decided to restrict users based in Seychelles, Hong Kong, and Bermuda from accessing its services.The post BitMEX extends access restrictions to 3 new jurisdictions appeared first on The Block.

Fidelity Charitable, the financial services giant’s charity unit, is now accepting XRP, the world’s third-largest cryptocurrency, for donations. Until now, the unit accepted only four cryptocurrencies - bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC), having launched the form of donation back in 2015, according to an announcement shared with The Block late […]The post Fidelity’s charity unit includes XRP to its list of accepted cryptos for donation; hits $100 million-mark appeared first on The Block.

At the time of writing, Bitcoin (BTC) is trading just above $10,700 after a swift $300 pump this morning. Overall, price has dropped about 6% since last Monday. Bitcoin had been moving steadily upwards in early August, with price pumping from $9,500 and powering through the $10,000 and $11,000 levels with relative ease. However, after this initial pump, Bitcoin eventually dropped back to $9,750 last week. Right now, it seems we're in the middle of an upwards consolidation period, as BTC has been experiencing higher lows since the mid-August drop. Will price recover back to $13,000 and above? As you can see from the chart above, BTC is now back above its 20-day EMA after price bounced off the 100-dayThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.

Japan's equivalent to Amazon, e-commerce giant Rakuten, has publicly launched its cryptocurrency exchange, Rakuten Wallet. Announcing the news on Monday, the company said that users can start spot trading in three cryptocurrencies - bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) - via a mobile app.The post E-commerce giant Rakuten publicly launches crypto exchange; currently supports BTC, ETH and BCH appeared first on The Block.

It’s another bearish start to the day. Bitcoin will need to hold onto $10,300 levels to support the rest of the pack…

The Shenzhen Special Economic Zone will now support the inclusion of digital currency research, according to China's state media Xinhua.The post Digital currency research added to scope of China's Shenzhen Special Economic Zone appeared first on The Block.

A mixed morning tests investor resolve as Bitcoin looks to avoid another heavy loss to limit the downside for the week. The bulls need $10,250.

Brace yourselves, good people…The "real" Satoshi Nakamoto could be about to reveal himself as the true inventor of Bitcoin. A company called Satoshi Nakamoto Renaissance Holdings is claiming that this will happen in three instalments, starting today. It will include his real name, why he hasn't moved any of his 980,000 Bitcoin, country of origin, and his plans for "a Bitcoin renaissance". A press release states that Nakamoto will also "illustrate the role that cyphers and encryption related to his devotion to Chaldean numerology played in many decisions in his creation of Bitcoin". "Nakamoto also will disclose why he chose the date 18th August not only to register bitcoin.org in 2008, but also to release Part I of “My Reveal” onThe post Is the real Satoshi Nakamoto about to stand up? appeared first on Coin Rivet.

The bulls fight back as August becomes a bear trap for crypto investors…

Silvergate Capital Corporation, the holding company of startup-friendly Silvergate Bank, recently posted an updated S1 on August 15 in preparation for its upcoming IPO.The post Silvergate Bank plans to offer loans to crypto companies appeared first on The Block.