Bitcoin Prices in Lebanon Surge 30-50% Above Global Spot Rate Due to Currency Crisis

January 28, 2020  /  by Crypto.IQ
The price of Bitcoin (BTC) in Lebanon on the peer to peer exchange Localbitcoins has surged 30-50% above the global average spot price, with prices approaching $15,000 per Bitcoin (BTC). This is due to a currency crisis in Lebanon. The Lebanese Pound (LBP) is supposed to be pegged at a ratio of 1,507 LBP per… Read more

Iran Gives Out Over 1,000 Crypto Mining Licenses

January 27, 2020  /  by Crypto.IQ
Iran’s Ministry of Finance has apparently given out over 1,000 licenses to mine cryptocurrency. This follows the legalization of crypto mining in Iran in June 2019. The reason the Iranian government has decided to hand out licenses to crypto miners is that previously miners were capitalizing on subsidized electricity in the country, increasing nationwide energy… Read more

The Number of Bitcoin Addresses With More Than One Bitcoin Has Been Consistently Rising, up 11% in a Year

January 24, 2020  /  by Crypto.IQ
The number of Bitcoin (BTC) addresses with more than 1 Bitcoin (BTC) has reached 784,000, which is up 11% since last year. Since 2015 the number of addresses with more than 1 Bitcoin (BTC) has doubled. This indicates an increase in Bitcoin (BTC) HODLING, which should theoretically increase the price of Bitcoin (BTC) long term.… Read more

Bitcoin Cash (BCH) Trying To Force Miners To Pay A 12.5% Development Tax, Plan Is To Orphan The Blocks From Miners Who Do Not Comply

January 23, 2020  /  by Crypto.IQ
It appears Bitcoin Cash (BCH) is about to go off the decentralization path. There is a new proposal that will tax all Bitcoin Cash (BCH) miners 12.5%, with all funds being diverted to a ‘development’ fund. This amounts to 112.5 Bitcoin Cash (BCH) per day, or $7 million in 6 months, forcibly taken out of… Read more

Hodlonaut Launches Second Official Lightning Torch, Passes Through 40 Countries in Three Days

January 22, 2020  /  by Crypto.IQ
Infamous crypto twitter influencer Hodlonaut has launched the second Lightning Torch, which is essentially the Bitcoin (BTC) version of the olympic torch. When a user receives the Lightning Torch they add a small amount of Bitcoin (BTC) and then pass it on to the next person, and the torch ends up traveling all across the… Read more

The Altcoin Mining Industry Is Withering, with Bitcoin Mining Now Accounting for More Than 80% of Total PoW Crypto Mining Revenue

January 21, 2020  /  by Zachary Mashiach
According to new data published by Yassine Elmandjra, a cryptocurrency analyst for ARK Invest, Bitcoin (BTC) mining now accounts for over 80% of all Proof of Work (PoW) mining revenue. Notably, Bitcoin’s (BTC) share of total PoW crypto mining revenue has risen 250% since the middle of 2017, while simultaneously altcoin PoW mining revenues have… Read more

Institutional Crypto Investment Skyrockets In 2019 According To Grayscale

January 18, 2020  /  by Crypto.IQ
Grayscale — one of the most well-known institutional investment firms in the crypto space — has revealed that institutional investment into crypto skyrocketed in 2019. Specifically, Grayscale recorded inflows of more than $600 million in 2019, which is more than the inflows from 2013 through 2018 combined. It is perhaps surprising that Grayscale has seen record… Read more

Investors Consider United States Treasury Bonds The Best Safe Haven Asset, But Bitcoin Has Proven Itself to Be a Far More Profitable Safe Haven Long Term

January 17, 2020  /  by Zachary Mashiach
United States treasury bonds are considered the #1 safe haven asset, even more so than precious metals. Indeed, there are currently $15.6 trillion of treasury bonds, which is approximately 100 times larger than the Bitcoin (BTC) market cap. However, this article will detail how Bitcoin (BTC) has proven itself to be a much more profitable… Read more

Bitwise Bitcoin ETF Withdrawn, Still No Sign That Any Bitcoin ETF Will Be Approved by The SEC in the Foreseeable Future

January 16, 2020  /  by Crypto.IQ
Bitwise has withdrawn its Bitcoin Exchange Traded Fund (ETF) application after many months of deliberations with the Securities and Exchange Commission (SEC). Apparently the SEC had given Bitwise a 112 page response to their application, and Bitwise decided the right strategic move was to withdraw the application, reorganize it, and resubmit at a later date.… Read more

Bitcoin SV (BSV) Skyrockets Hundreds Of Percent After Craig Wright’s Bonded Courier Arrived, Speculation That Calvin Ayre Orchestrated This Pump

January 16, 2020  /  by Zachary Mashiach
Bitcoin SV (BSV) has experienced a tremendous rally, rising from $93 on Jan. 2 to as high as $435 on Jan. 14, a gain of 368%. Since then, Bitcoin SV (BSV) has dumped to $317, but this is still a gain of 240% since Jan. 2. Now Bitcoin SV (BSV) is nearly tied with Bitcoin… Read more
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