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Bitcoin Approaches $8,000 Again as Top Cryptos See Strong Gains

Most of the top 20 cryptocurrencies are reporting moderate to notable gains on the day as bitcoin approaches $8,000 again. Sunday, May 19 — most of the top 20 cryptocurrencies are rebounding to report moderate to notable gains on the day by press time. Bitcoin (BTC) has pushed to just below the $8,000 mark again. The market rebound comes after a sharp correction on May 17 that followed almost a week of massive growth. Market visualization courtesy of Coin360 Bitcoin is about eight percent up on the day, trading at $7,928 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up close to 11%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today in a dedicated analysis, figures published by bitcoin core developer Luke Dashjr show that more than half of the full nodes in the bitcoin network are still running client software vulnerable to an inflation bug discovered in September 2018. Ether (ETH) is holding onto its positi..

Inflation Bug Still a Danger to More Than Half of All...

Eight months after the discovery of the inflation bug, more than half of the full nodes on the bitcoin network are still running client versions susceptible to the vulnerability. Figures published by bitcoin core developer Luke Dashjr show that more than half of the full nodes in the bitcoin network are still running client software vulnerable to the inflation bug discovered in September 2018. This revelation poses some danger to the network, as software vulnerabilities are a clear and present danger to the fidelity of bitcoin (BTC). Now that the top-ranked cryptocurrency is in the midst of a positive price run, it is perhaps important that steps are taken to eradicate the inflation bug problem for good. Most bitcoin full nodes still vulnerable to the inflation bugAs reported by Cointelegraph on May 8, research by Dashjr shows that more than 50% of full nodes on the bitcoin network are still running software versions of the bitcoin client that are susceptible to the inflation bug. How..

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano,...

Profit booking can be seen across the board today, as markets correct following the recent rally. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin witnessed a flash crash on Bitstamp exchange when it plunged to a low of $6,178. The fall was triggered by a sell order of about 5,000 bitcoins at $6,200. Some people speculate that the order might have been mistyped $6,200 instead of $8,200. Bitstamp has launched an investigation into the $250 million trade. Luckily, the damage was limited to one exchange. However, after the sharp rally of the past few days, profit booking can be seen across the board today, as prices on all the top 10 cryptocurrencies are down. Does this put a stop to the recovery and will Bitcoin prices plummet below $6,000 levels..

Report: Coinbase Negotiates Acquisition of Xapo’s Bitcoin Custody Business

Coinbase is reportedly negotiating the acquisition of the bitcoin custody business of cryptocurrency wallet provider Xapo for $50 million in cash. American major cryptocurrency exchange Coinbase is reportedly negotiating the acquisition of the bitcoin (BTC) custody business of cryptocurrency wallet provider Xapo, technology-focused media outlet the Block reported on May 16. Sources familiar with the matter reportedly told the Block that Coinbase has been vying with the digital currency wing of United States financial services giant Fidelity, Fidelity Digital Assets, for Xapo over the past several weeks to advance its custody business. Following the closure of the deal, Coinbase will reportedly pay about $50 million in cash to Xapo, with a contingent earn-out for remaining with the company. Founded in 2014, Xapo is a Hong Kong-based firm that provides a BTC wallet and a cold storage vault, as well as bitcoin-based debit card services. The company is backed by leading industry players s..

Bitcoin Sees Discrete Losses as Most Top Cryptos See Gains

Most of the top 20 cryptocurrencies are reporting moderate gains on the day, as bitcoin has fallen below the $7,900 mark again. Thursday, May 16 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) has fallen below the $7.900 mark again. Market visualization courtesy of Coin360 Bitcoin is over 1.5% down on the day, trading at $7,899 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up nearly 23%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported yesterday, new data suggests that bitcoin's growth is explained by its maturation as an asset based on conversations surrounding the leading cryptocurrency. Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $26.6 billion. The second-largest altcoin, XRP, has a market cap of $17.4 billion at press time. CoinMarketCap data shows that ETH is up over 8% over the last 24 ho..

Bitcoin Will Be ‘Alive and Well,’ Says Renowned Emerging Markets Investor...

The veteran frontier markets investor says he believes crypto will show resilience due to continuing demand for new forms of value transfer. Veteran frontier markets investor Mark Mobius has said he believes cryptocurrencies will show resilience due to continuing demand for new forms of value transfer. Mobius made his remarks during an interview with Bloomberg on May 15. Mobius is a seasoned and pioneer investor in developing nations and emerging economies, earning international recognition for his decades-long work at global investment firm Franklin Templeton. Last year, he retired to launch a new asset management boutique, Mobius Capital Partners. Having previously adopted a cautious stance toward crypto, the investor told Bloomberg yesterday that he believes that global demand for the frictionless and private transfer of value will continue to bolster cryptocurrencies’ development and markets. He noted: "There's definitely a desire among people around the world to be able to t..

Report: Bitcoin’s Recent Surge Due its Maturation as an Asset

New data suggests that bitcoin's growth is explained by its maturation as an asset. New data suggests that bitcoin's (BTC) growth is explained by its maturation as an asset based on conversations surrounding the leading cryptocurrency, Bloomberg reported on May 15. Bloomberg cited a report from web intelligence platform Indexica, that developed an index based on natural language processing of textual documents in an effort to explain bitcoin’s recent surge. The research reportedly revealed three major drivers of the coin’s growth, including conversations surrounding bitcoin, fewer concerns about fraud and a shift in the sentiment of how people talk about bitcoin from the past to the future. The report states that more financial experts and academics are deliberating about bitcoin, and traditional institutions are taking it more seriously. Explaining the future issue of bitcoin, Zak Selbert, chief executive officer at Indexica, reportedly argued: “Think about it, executives w..

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano,...

Major coins are rallying as the crypto space welcomes a series of positive developments. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. As the Bitcoin rally picked up momentum, the volume also spiked higher. Bitcoin futures on CME made a new record as the number of traded contracts reached 33,700 on May 13, which was way higher than the previous record of 22,500 contracts that exchanged hands on April 4. While increasing volume is a positive sign, a huge spike in volume can, at times, signal panic buying for the fear of missing out on the gains. This is also a time when a number of rumors will crop up that can result in short-term spikes. One such rumor was that eBay will start accepting cryptocurrencies, but the same was denied by the company. Unite..

Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April

Cryptocurrencies have entered the green zone after seeing some losses over the past day, with bitcoin briefly hitting $8,200. Wednesday, May 15 — All of the top 20 coins are in the green after seeing some losses over the past day, with some reporting double-digit gains, according to Coin360. Market visualization by Coin360 The leading digital currency bitcoin (BTC) is up over 4% on the day, trading at $8,135 at press time after reaching above $8,200. Earlier today, bitcoin dropped under the $8,000 price point to trade as low as $7,807. On its weekly chart, bitcoin saw its lowest price point at $5,942 on May 8, while its highest price point was $8,265 on May 14. Today, Erik Voorhees, CEO of instant cryptocurrency exchange platform ShapeShift, argued that the volatility seen in bitcoin and altcoin markets over the years is a necessary phenomenon for a nascent asset, stating that bubbles are an essential part of the industry’s growth. Bitcoin 7-day chart. Source: CoinMarketCap The seco..

Bitcoin Cash Experiences Bug During Scheduled Hard Fork Upgrade

In the course of a planned hard fork update, the BCH network appears to have experienced difficulties processing transactions. In the course of a planned hard fork update, the bitcoin cash (BCH) network experienced difficulties processing transactions, cryptocurrency exchange BitMEX tweeted on May 15. Following the expected fork at block 582,680, the network purportedly began to experience issues with transactions. BitMEX said that the number of transactions per block was low — 0 in the last 9 blocks starting at block 582,687. Bitcoin cash transaction per block. Source: BitMEX According to data from CoinDance, the greatest number of blocks mined after the upgrade were only processing transactions on Coinbase. In the meantime, BitMEX revealed that their mempool had 1,622 transactions. Following comments from the community regarding empty blocks, developers appear to have released a patch to fix the bug. In April, Cointelegraph reported that bitcoin SV — the result of the hard fork of ..
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