Crypto Crash Prompts Guessing Game as Bitcoin Breaches $10,000 Again
Cryptocurrencies plunged suddenly in afternoon trading on Wednesday, spurring a guessing game of potential catalyst among enthusiasts and investors. The price of Bitcoin dropped below $10,000 for the first time since July. The largest digital token fell as much as 5.6%, before trading at $9,686 as of 3:40 p.m. in New York. Peer coins also sold off, with Bitcoin Cash falling close to 4% and Litecoin dropping about 8%. © Bloomberg Bitcoin dropped as much as 5.
If a second blockchain phone didn't make things clear, HTC is still as serious as ever about its crypto- phones On Monday, the company announced a new partnership with Bitcoin .com that will see all new Exodus 1 phones come with the Bitcoin Cash (BCH) wallet app pre-installed.
HTC is doubling down on its blockchain phone idea. The company has announced a new blockchain phone called the Exodus 1s. Running a full Bitcoin node means having a copy of Bitcoin 's entire blockchain history on the device, as well as running a Bitcoin client, meaning you can send
If adidn't make things clear, HTC is still as serious as ever about its crypto-phones On Monday, the company announced a new partnership with Bitcoin.com that will see all new phones come with the Bitcoin Cash (BCH) wallet app pre-installed. On existing devices, meanwhile, HTC will push an update that adds the app to the phone. As part of the partnership, the Bitcoin.com online store has also started selling Exodus 1 devices. In the future, if you don't plan on hoarding on your Bitcoin Cash, you'll be able to get a discount on select HTC smartphones when you pay for a device with Bitcoin Cash.
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Bitcoin .com says that the Zion wallet is "now capable of conducting bitcoin cash transactions, so users can easily buy, receive, spend and store BCH on the phone without the risk of remote hacking." In addition to adding support for BCH to Zion, HTC is apparently preinstalling Bitcoin .com's popular
HTC Blockchain is bringing blockchain technology to smartphones, giving you a whole new experience. The Taiwanese tech company announced the early-access version of its block chain phone back in October, with the significant catch you can simply buy it using Bitcoin or Ethereum.
While this new partnership makes a lot of sense from HTC's perspective, the Exodus 1 was supposed to be more than "just" a Bitcoin phone. When Phil Chen, HTC's chief decentralized officer,about the device, he described it as "Trojan Horse" for "re-architecting the internet." Chen envisioned the phone as a way for people to secure and control their own personal data. By partnering with Bitcoin.com, HTC is leaning into the least interesting aspect of the Exodus 1. Of course, the partnership likely comes out of the fact that HTC is struggling to survive. The company needs to find a way to sell more devices, and this help put the Exodus 1 in front of the people who would be most interested in it.
Bitcoin: Too many splits?1/3 PICTURES © Dado Ruvic / Reuters Bitcoin 2/3 PICTURES © iStockphoto Bitcoin 3/3 PICTURES © Dado Ruvic / Reuters Bitcoin
Turbulence in the Blockchain: After a months-long rally At the beginning of last week, the Bitcoin price dropped from a record $ 7800 on Sunday to $ 5700. Does the speculative bubble that Nobel Prize winner Robert Shiller sees in the enormous price rally of the cryptocurrency now burst?
no. For one, the price has recovered and is now at 7753.95 dollars. On the other hand, there are specific reasons for the course caprices. The Biggest Trigger: The Bitcoin community said another spin-off would result in lower transaction fees for more transactions. Instead of around 300,000 daily transfers, 600,000 would be possible.
Behind the cancellation of Thursday's so-called hard-forks is a dispute that stirs up the Bitcoin community. Advocates fear that high transaction fees could reduce the attractiveness of Bitcoin trading in the long term, and that other crypto currencies, such as Ether or Litecoin, could sideline the current industry leader in digital currencies. Opponents are worried that the operators of the underlying blockchain technology, the miners, would earn less in the future. In addition, another spin-off could cause confusion.Alternative currency booms
A spin-off means that the blockchain is almost duplicated, which would create a parallel cryptocurrency. It has to prevail among users and miners - democratically. In 2017, there were already two spin-offs. The first was the more efficient currency Bitcoin Cash. The second took place last Sunday, from which Bitcoin Gold emerged. The rates of both currencies have so far lagged behind the traditional Bitcoin.
"The danger of the innovation splitting the global Bitcoin community seemed too big for the developers, which is why they put the project on hold for the time being," explains Oliver Flaskämper, operator of the German trading site bitcoin.de.
advocates then shifted large bitcoin totals to the alternative Bitcoin Cash. In the past seven days, the Bitcoin cash value has doubled, currently standing at $ 1140.42. The paradox: traders accepted fees of $ 19 per transfer, the rush was enormous. In normal operation, the cost is a few cents. Nonetheless, the Bitcoin community continues to work on expanding the blockchain. Reducing the amount of data in a transaction is intended to offload the network. In addition, some payment service providers are tinkering with the idea of offering cheaper offers through the bundling of bank transfers. "The problem of scaling is solved," Flaskämper is convinced.
Gold-Backed Cryptocurrency Aims To Tap Stablecoin Appeal .
Bitcoin may be a distant alternative to safe havens, but CoinShares Group is betting that trading a digital gold asset linked to the token may provide investors with a sense of security. The launch of the product, called DGLD, included $20 million of the digital metal tied to an offset of Bitcoin’s blockchain, with each token representing a 10th of a troy ounce. One ounce of gold for immediate delivery on Tuesday cost $1,483.61, or about a sixth the price of one Bitcoin. Bullion often serves investors as a hedge against instability.