Bitcoin price bouce will occur when ‘weak hands’ capitulate and hashrate recovers

As people all over the globe have become increasingly aware of their privacy rights and how they are constantly being violated by various prominent social media platforms, the need for tangible, decentralized alternatives has continued to grow rapidly.For perspective, in 2019, Facebook was ordered to pay a mind-boggling $5-billion fine by the United States Federal…

American car manufacturing giant General Motors (GM) has filed a blockchain patent for a solution to manage data from autonomous vehicles. The patent application was published by the U.S. Patent and Trademark Office (USPTO) Nov. 29.GM’s application, first filed May 25, 2017, outlines a system for using blockchain to provide “secure” and “robust” data distribution…

The U.S. Treasury Department has sanctioned two Iranians allegedly involved in Bitcoin (BTC) ransomware scheme SamSam, the Treasury reported in an official press release today, Nov. 28.The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action on Wednesday against two Iranian individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan, who are accused…

The BSV association and SDA will collaborate through the new blockchain academy in Riyadh to provide blockchain learning and development resources. 243 Total views 7 Total shares The first blockchain school in the Middle East will open in Riyadh, Saudi Arabia, according to an announcement by the BSV Blockchain Association. The new institution will reportedly…

Global insurance brokerage and risk management firm Marsh announced it would extend its partnership with IBM as part of its proof-of-insurance blockchain solution, a press release confirmed Wednesday, September 26.Marsh, which began working with IBM in April this year to develop the blockchain service, will now take advantage of IBM’s links with customer relationship management…

News that Binance could be under investigation by the U.S. Justice Department and IRS triggered a marketwide sell-off that saw Bitcoin's price drop to $46,000. 3025 Total views 13 Total shares Within the last hour, Bitcoin's (BTC) price dropped by more than 3%, extending the decline that started on May 12 and saw the digital…

Noncustodial cryptocurrency exchange ShapeShift announced today the integration of nearly a dozen decentralized exchange, or DEX, protocols — a move designed to relieve both the company as well as users of Know Your Customer burdens while simultaneously offering traders superior liquidity, pricing, asset availability and security. Prior to the integrations, ShapeShift required users to undergo a…