Dramatic Bitcoin Price Move Likely as Bitcoin Futures Open Interest Nears $4 Billion

February 3, 2020  /  by Crypto.IQ
Data from Skew Markets indicates that Bitcoin futures open interest on BitMEX and OKEx has exceeded $1 billion, and in total, Bitcoin futures open interest across the top 8 crypto exchanges is nearly $4 billion. Further, month-on-month, Bitcoin futures options turnover has surged 70%, and in general Bitcoin futures are making new records, with $25… Read more

Bitcoin Cash (BCH) Experiencing Ridiculously Slow Block Times, Likely Due To Hash Rate Variability

January 30, 2020  /  by Crypto.IQ
On January 5 Bitcoin Cash (BCH) recorded a block time of 5.5 hours, meaning that it took 5.5 hours to find the next block. During this time no transactions were confirmed, and this obviously would cause anxiety and stress among anyone who was trying to send a Bitcoin Cash (BCH) transaction at that time. This… Read more

Deutsche Bank Expects Cryptocurrency to Become Mainstream, but Not Bitcoin

January 29, 2020  /  by Crypto.IQ
Deutsche Bank has released a new report titled ‘Digital Currencies: the Ultimate Hard Power Tool’, which projects that digital currencies could become mainstream within the next two years. However, the major caveat is that they expect some sort of centralized cryptocurrency to dominate the world rather than Bitcoin (BTC). Basically, Facebook has a userbase of… Read more

Edge Wallet Is A Functioning Alternative For Anonymous Crypto To Crypto Trades In The United States, Even For Monero (XMR) And Dash (DASH), But There Are Caveats

January 29, 2020  /  by Crypto.IQ
Binance used to be the best option in the United States to anonymously conduct crypto to crypto trades, but it banned United States residents in September. Fortunately, it appears there is an alternative now via the Edge Wallet, which can be used to anonymously conduct crypto trades on a smartphone. That being said, the caveat… Read more

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

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