Bitcoin is back!
The world’s No. 1 cryptocurrency is on fire, with a price approaching $10,000, pushing the digital asset near its highest level in more than 14 months, according to MarketWatch data provided by CoinDesk.
A single bitcoin BTCUSD, +0.49% most recently, was trading at $9, 218.21, after putting in a December low at $3,194.96. Its current level is bitcoin’s loftiest level since March 29, 2018 when a bitcoin changed hands above $9,700.
Moreover, bitcoin trading on the CME Group’s futures exchange for June deliveryBTCM19, +0.64% was at $9,265, up 9.7% on the day, representing a 153% surge for bitcoin futures for the year to [...]
Bitcoin, still the largest cryptocurrency by market capitalization by some margin, has been making up ground after being left in the dust by one of it’s biggest rivals, litecoin, this week.
The bitcoin price is now up more than 5% over the last 24 hour trading period, touching $8,720 on the Luxembourg-based Bitstamp exchange, and putting it once again in touching distance of its year-to-date highs of a little over $9,000 per bitcoin.
Bitcoin has been rallying hard today after the litecoin price made significant gains over the last week.GETTY
Bitcoin and cryptocurrency traders and investors have been closely watching the bitcoin price [...]
Ubisoft—the fourth largest publicly traded video game company known for Assassin’s Creed, Far Cry, and Just Dance—is reportedly developing game features on the Ethereum blockchain, according to Les Echos.
Sources told Les Echos that the development team at Ubisoft is in the advanced stages of creating a blockchain-based marketplace for in-game items, essentially enabling users to purchase game commodities using the blockchain and crypto assets like Ethereum.
A rough translation of the report read:
“The idea is to give a digital existence on the blockchain to the ‘items’ (accessories) available in video games; content that publishers [...]
While watching the price of Bitcoin can be exciting, the days of huge percentage moves seem to be in the past. Instead, altcoins are what cryptocurrency traders look for when they want massive gains. “Alt-season” is the term used when practically every single altcoin sees major percentage moves. But what causes an altcoin rally?Bitcoin price
A key factor for an altcoin price rally is the price of Bitcoin. When Bitcoin is doing well, altcoins tend to follow that price movement. The same goes for when Bitcoin is falling – the [...]
Blockchain project Polkadot’s bid for a $1.2 billion valuation has hit a snag.
Since January, the Web3 Foundation, the Switzerland-based nonprofit behind the project, has been trying to raise up to $60 million through a private token sale. According to people familiar with the situation, three Chinese funds have agreed to invest $15 million in the project’s DOT tokens.
However, these three investors agreed to pay prices that, on average, valued the project below $1 billion, the sources said – falling short of the unicorn threshold Polkadot was reportedly seeking. (The agreed-to prices may vary from investor to investor.)
While it’s unclear how many [...]
South Korean blockchain game startup Planetarium is planning to launch a test version of a new decentralized game, Nine Chronicles, later in this month. The role-playing game will store its storyboard and data all on a blockchain.
Its own blockchain.
This is the first game developed with Planetarium’s game authoring tool which will be officially released as an open source platform this year. Once Libplanet, the authoring tool, is made public by the end of this year, developers will be able to use it to make games as well as blockchains for the games.
Planetarium CEO Kijun Seo thinks blockchain game developers are shoehorning games into [...]
Two out of the four local residents accused of running a major fake ID ring using internet forum Reddit and Bitcoin online currency entered guilty pleas Wednesday in U.S. District Court.
Mark Alex Simon, 35, of the 4700 block of Stengel Avenue, and Aaron Kuns, 35, of the 3700 block of Delawn Drive, each pleaded guilty to charges in connection to a major national fake ID ring based out of Toledo.
Simon admitted to knowingly transferring false identification documents and to a newly filed charge of conspiracy to launder money. Kuns pleaded guilty to production of false identification documents and to the additionally filed charge of conspiracy [...]
The Australian Securities and Investments Commission (ASIC) has issued updated regulatory guidance for businesses involved with ICOs and crypto assets.
Announced Thursday, the guidance details the legal obligations for cryptocurrency firms under the country’s Corporations Act, the ASIC Act and other laws.
“These regulatory requirements are in place to maintain the integrity of Australia’s financial market and ensure consumer protection,” the regulator said.
ICOs and crypto assets in many cases are financial products or involve financial products that are regulated under the Corporations Act, according to ASIC. Therefore, if a firm is [...]
Blockchain holds much promise for improving data privacy, integrity, and quality, although a lot of companies are taking a wait-and-see approach to the model. Quest Diagnostics is not one of them.
The provider of clinical lab services for more than a year has been involved in pilot project with other healthcare companies to apply blockchain technology to improve data quality and reduce administrative costs associated with changes to healthcare provider demographic data.
These changes to data are a complex issue facing organizations across the healthcare system, said Jason O’Meara, senior director of architecture at Quest. Federal and state laws [...]
Bitcoin’s price peaked above $9,000 for the first time in over a year earlier today, but the rally was short lived as its price returned below $8,600 just minutes later.
At 16:00 UTC, the world’s largest cryptocurrency jumped 4.6 percent from today’s UTC opening price of $8,681 and climbed as high as $9,084 – its highest price since May 10, 2018, according to CoinDesk pricing data.
However, sellers quickly halted the rally, causing the price of bitcoin to drop more than $500 to $8,548 in just 30 minutes after reaching today’s high.
In all, Messari data reveals $26.3 billion in reported bitcoin volume has traded hands so far [...]