Bitcoin price outlook hinges on 2024 US election outcome — Analysts

Gansu province is now connected to the state-run Energy Zone Blockchain public service platform. 1249 Total views 19 Total shares An energy supplier in China has successfully deployed its first blockchain node. This node went live through the government-backed network, the State Grid Corporation of China.According to The Paper, Gansu province becomes the second provincial…

Bitcoin adoption could swell in Cuba, particularly if private businesses understand the upside to accepting Bitcoin (BTC) as currency. That’s according to a Cuban businessperson and Bitcoin advocate, Erich Garcia Cruz.A recent emigrant to the United States, Cruz is a vocal proponent of Bitcoin adoption in Cuba. Cruz leads the remittance and money transfer services…

The application of Google’s quantum computing technology could purportedly help improve the technology which underpins proof-of-stake (PoS) cryptocurrencies.Quantum computing would create truly random numbersPoS is a type of consensus algorithm where block creators are randomly chosen with probability proportional to their stake, while the algorithm of proof-of-work-based digital currencies uses mining. However, the PoS variant…

A crypto analyst is eyeing Ether’s funding rate rising above 0.015 to see if “the calm before the storm breaks.”

Bitcoin price forecasts differ hugely depending on the methodology used, but stock-to-flow creator PlanB favors his $100,000 average target. 352 Total views 115 Total shares Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon.In a Twitter update on Aug.…

The Libra Association has made a key hire in its pursuit of a new cryptocurrency and payments system. 1160 Total views 12 Total shares The Libra Association, which manages Facebook’s quiet cryptocurrency project, has appointed a general counsel to oversee the development of its forthcoming payment system. In an official press release, the Libra Association Wednesday…

Buterin's recent transfer of 1,100 ETH to exchanges coincides with the Ethereum Foundation's Ether sales worth over $200 million.

With Bitcoin’s (BTC) third mining rewards halving just over 24 hours away, mainstream market hype surrounding the event has grown exponentially, especially after balancing on the $10K threshold for some time. On May 9, BTC dropped to the $8,100 mark before making a small recovery to around $8,800.Nevertheless, the fact that BTC has overall been…

Bitcoin (BTC) bounced back from an early morning sell-off, reaching highs for the day of $7,375, a swing of 7.5% from the lows of $6,854.Other major cryptocurrencies also made similar moves in price, with Ether (ETH) regaining $130 having traded as low as $125.50 and XRP reclaiming $0.19 having previously traded at $0.185.Bitcoin dominance remains…