The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Billionaire investor Tim Draper believes that crypto and fiat currencies will reverse their roles in five years. According to Draper, fiat will mostly be used by criminals, while cryptocurrencies will be used for regular day-to-day transactions. Tesla CEO Elon Musk also said that “crypto is a far better way to transfer value than …

United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Bitcoin Cash (BCH) to its Coinbase Wallet, according to an announcement published on Feb. 19. The update states that users can now store Bitcoin Cash on Coinbase Wallet, adding: “The new Wallet update with Bitcoin Cash support will roll out to all users on iOS and Android over the next few weeks.” As Cointelegraph wrote in August 2018, Coinbase Wallet was introduced as a rebranding of the firm’s open source decentralized app (DApp) browser and wallet, formerly called Toshi. The rebranded wallet has several different features from …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. CNBC commentator and CEO of digital currency investment firm BKCM LLC, Brian Kelly, believes that, “Bitcoin is about 50 percent undervalued.” However, just because it is undervalued is not a good enough reason for it to move up. Kelly opines that due to extreme negative sentiment, he will not be surprised even if Bitcoin …

Chinese mining giant and ASIC hardware producer Bitmain has announced its next generation 7nm (nanometer) ASIC mining chip, according to a press release published on Monday, Feb. 18. The new mining hardware, BM1397, is designed for mining cryptocurrencies that use the SHA256 algorithm for their proof-of-work (PoW), such as Bitcoin (BTC) and Bitcoin Cash (BCH). BM1397 requires less power for mining cryptocurrencies, representing a 28.6 percent improvement in power efficiency in comparison with the company’s previous 7nm chip, BM1391. The new chip will be used in new Antminer models — S17 and T17 — which will be revealed later this …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. United States banking giant JPMorgan Chase, whose CEO has been one of the most vocal critics of cryptocurrencies, has announced the launch of its own cryptocurrency, named “JPM Coin.” This clearly shows that many criticize the technology as they do not understand it, but once they realize its potential, they readily become a part …

Major American cryptocurrency exchange Coinbase now allows its users to withdraw Bitcoin SV (BSV) balances to external wallets, according to an announcement published on Feb. 14. BSV appeared following a hard fork in the Bitcoin Cash (BCH) blockchain in November of last year. The for resulted in two new coins; Bitcoin SV and Bitcoin ABC. The camp for Bitcoin SV (Satoshi’s Vision) was lead by Australian computer scientist Craig Wright, who has previously declared himself to be Bitcoin creator Satoshi Nakamoto. After the hard fork, Coinbase users holding BCH received an equal amount of BSV, however the exchange has, until …

Thursday, Feb. 14 — most major cryptocurrencies are trading sideways, with a few experiencing minor losses. The markets are seeing mixed signals as of press time, according to data from Coin360. Market visualization from Coin360 The leading digital currency Bitcoin (BTC) is slightly down 0.19 percent on the day, trading at around $3,620 at press time. Over the past week, BTC has gained 6.38 percent, while its monthly losses were over 2 percent. Bitcoin 7-da7 price chart. Source: CoinMarketCap Ethereum (ETH) — which regained its position as the second largest coin by market capitalization on Feb. 11 — is down …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. During a bull phase, any amount of supply is easily absorbed as the traders are keen to buy on every dip. However, when the sentiment sours and the price fails to stage a recovery, most traders become sellers. While it is difficult to pinpoint a single reason for the prolonged fall of the …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bakkt recently completed its first acquisition of certain assets of futures commission merchant Rosenthal Collins Group (RCG). The much-awaited digital asset platform is expected to launch later in the year, according to Jeff Sprecher, CEO of the Intercontinental Exchange (ICE). Many expect institutional participation to increase with the launch of Bakkt. Ex-hedge fund manager …

Top Stories This Week Facebook Reportedly Acquires Blockchain Startup in First Blockchain-Related Acquisition Social media network Facebook has reportedly acquired blockchain startup Chainspace in its first apparent blockchain-related acquisition. According to news outlet Cheddar, the acquisition is considered an “acquihire,” or an acquisition of a company made in order to get the skills or expertise of its staff, as opposed to the company’s service or products. According to Cheddar, four of the five researchers that worked on Chainspace’s academic white paper will be joining Facebook. Facebook had told Cheddar that it had not acquired any of Chainspace’s technology. Leaked Mt. …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Analysts are projecting various lower levels on Bitcoin where they anticipate it to bottom out. The number ranges from below $2,000 to about $2,500. Investment and analysis firm Fundstrat Global Advisors, which till a few months back was projecting a target of $15,000 on Bitcoin, has come up with a likely bearish target of …

A new movement dubbed “GoxRising” is calling for a new, accelerated rehabilitation plan for creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox, with the long-term goal of rebooting the trading platform. The development was reported in an interview with its author, controversial industry figure Brock Pierce, by TechCrunch Feb. 7. As previously reported, roughly 24,000 creditors are thought to have been affected by Mt. Gox’s 2011 hack and subsequent collapse in early 2014, which resulted in the loss of 850,000 BTC valued at roughly $460 million at the time. Reimbursement of creditors is currently being handled under the stewardship …