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The Very First Mined Bitcoin Block Turns 10 Today

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The Bitcoin Block 0 was mined exactly 10 years ago today, on January 3, 2009, at 18:15 and in today’s bitcoin news we make a retrospective on what has the number one cryptocurrency achieved for the past ten years.

The first block that was mined ten years ago has nothing to do with the issuing of the Bitcoin whitepaper which celebrated its tenth birthday last year on October 31.

Major bitcoin exchange BitMEX marked the day by placing an ad in The Times saying ‘’Thanks Satoshi. We owe you one. Happy 10th Birthday, Bitcoin.’’

Placing an ad in The Times is not by accident. On the very same day when the block was mined, Bitcoin’s creator embedded a headline that read: ‘’Chancellor on brink of the second bailout for banks.’’

The headline was placed in the middle of the global financial crisis when most of the financial institutions in the United States were being bailed out. What Satoshi wanted to say with the headline referred to the plans of the Chancellor of the Exchequer in the United Kingdom to bail out the British banks.

The financial crisis is that inspired Satoshi to develop an alternative currency not affected by governments and without having to be operated centrally. However, it seems like the history repeats itself since the day when Satoshi posted the headline ten years ago; the today’s headlines in The Times are mostly related to student debt and mortgages that triggered the financial crises ten years ago in the first place. Analysts fear that this might be another trigger for a new global financial crisis.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Stefan is a full-time member and has been a Bitcoin Specialist for over 6 years. Providing daily news and updates for DC Forecasts.

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Bitcoin News

Top Movement For Bitcoin Is Imminent: Could BTC Visit $10k By 2020?

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A top movement for Bitcoin is something that could benefit everyone - starting from the altcoin investors on the market up to the day traders and cryptonews followers from all over the globe. This is something that is quite obvious - but does Bitcoin have the potential to rise soon?Well, according to one prominent cryptocurrency investor and commentator, the importance of the $10,000 mark is very big - especially in a nascent market like this. In other words, the analyst is confident that a top movement to $10,000 and then $20,000 is how the momentum should be set up and how the macro price scales should go.This would also mean that Bitcoin has the fuel to shoot higher, potentialy until it reaches another important round number. We are talking about the analyst Su Zhu of Three Arrows Capital, who spoke in a recent podcast along with Luke Martin and said that round numbers in the cryptocurrency market are extremely important. Zhu claimed that the “round numbers have even more meaning in crypto [than forex] because this is what everyone thinks.”https://www.youtube.com/watch?v=SrTHy57bkw4All of this shows that Zhu believes that a top movement for the leading cryptocurrency is the most important moment in terms of price action analysis. However, it is not only him that shares the same outlook in the latest Bitcoin news.Earlier this year, the famous Fundstrat Global Advisors analyst Tom Lee also shared his outlook and implied that $10,000 is the level to watch for the time being. Fundstrat wrote a full analysis and said that once BTC tops $10,000, "Level 10" FOMO will grace the market. This is how the cryptocurrency market can shoot even higher once $10,000 is reclaimed on a macro scale.As Lee took to Twitter earlier this year, he wrote that “[$10,000] will see FOMO from those who gloated about the 90% crash in BTC… and those who saw Bitcoin dead as forever.”We can also see reports from Bloomberg agreeing that a top movement to $10,000 is important and that the barrier between four digits and five is crucial.
“Bitcoin faces solid resistance at the $10,000 level, with investors having difficulty valuing it given continuous debate on whether or not it’s an asset or a currency. For many investors, BTC will need to break that barrier for confirmation that meaningful gains could continue,” the reports showed.
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Bitcoin News

Short Term Indicators Show BTC May Visit $7,400 During Weekend

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The price of the most dominant cryptocurrency, Bitcoin (BTC), is still in awe and trading in the $7,000 region for a couple of weeks now after it failed to breach through the $9,000 mark and was left in agony. And while the altcoin news and rumors show that an altseason may be close, short term indicators show that BTC could jump this weekend and trade at $7,400.At press time, the price of Bitcoin is $7,218 with a market cap of $130 billion. The total cryptocurrency market cap still suffers and is unable to visit the areas over $200 billion. However, the good thing is that the volume is growing and despite the recent losses of below one percent, the situation may be changing real soon.Well, this is at least what the short term indicators show for this weekend. The dominance that Bitcoin (BTC) has over the other altcoins lies at 66.6% in the cryptocurrency news today - a good sign but not something that surprises us.Despite a strong finish to the week, the price of Bitcoin is down 3.2% now from the opening of $7,520 on Monday morning, while the 50 and 100 week moving averages (WMA) crossed a lot of points showing that a market shifting to a more bullish trend is close. As it stands, Bitcoin remains below the 100-WMA and has been unable to break through the previous support that has now turned into resistance and is set at $7,600.It is critical that this level at $7,600 is reclaimed soon in order to be able to declare that there has been a fundamental shift in the market structure. The short term indicators for BTC show that an increase may come this weekend - but the big question is whether this increase could sustain and push Bitcoin towards $8,000 as the new year approaches.In today's updates, we can see that there are no big gainers or losers in the top 10, besides Tezos (XTZ) which is now in a minus of 2%. Tron (TRX) is safe at the 12th position and recorded an increase of 2.39% which propelled it to $0.014. Perhaps the biggest gainer today is the 20th positioned MINDOL (MIN) cryptocurrency which has blossomed and rose by 22.88% overnight.
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Altcoin News

QuadrigaCX Victims Request To Examine Cotten’s Death And Body

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quadrigacx victims
The law firm from Canada, Miller Thomson, which is involved with the QuadrigaCX victims and case in general has made a specific request to the Royal Canadian Mounted Police (RCMP) to conduct an exhumation and post-mortem autopsy of the body of Gerald Cotten who is the deceased owner of the now-defunct crypto exchange.On December 13, a letter to the RCMP sent from Miller Thomson lawyers explained that the request to exhume and examine Cotten's body was appropriate given the “questionable circumstances surrounding Mr. Cotten’s death and the significant losses” sustained by the users of the cryptocurrency exchange which is no longer in operation.The law firm also pointed to the publicly available information about the debacle which surrounded the Canadian crypto exchange. The QuadrigaCX users are still in shock but the law firm highlighted “the need for certainty around the question of whether Mr. Cotten is in fact deceased.”Over the past year, the QuadrigaCX exchange has been engaged in a lengthy court case with its creditors. Some of them have speculated wildly to the fate of the lost cryptocurrency and some were convinced that Cotton could have faked his own death.For those of you who were not following the crypto news at the time, Cotton reportedly died in India from a fatal disease in December 2018, taking the private keys and passwords to the crypto wallets along with him. This resulted in users losing around $190 million and the exchange being engaged in lengthy court cases with its creditors.In October, the widow of Gerald Cotten named Jennifer Robertson handed over $9 million in assets to the users of the QuadrigaCX cryptocurrency exchange. As she announced in a personal statement, she would be transferring the majority of the estate assets to EY Canada, the Big Four auditing firm which acted as the bankruptcy trustee for QuadrigaCX users during the insolvency hearings.
"I have now entered into a voluntary settlement agreement where the vast majority of my assets and all of the Estate’s assets are being returned to QCX to benefit the Affected QuadrigaCX victims," Robertson explained.
For now, we are awaiting a response from the RCMP which will be crucial for the next events.
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Bitcoin News

New European Regulations Force BTC Service Bottle To Shut Down

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The crypto news today show that the Bottle Pay service - which allowed users to send Bitcoin through social media accounts - is shutting down due to new European regulations. The service announced that it will be closing its operations due to the Anti-Money Laundering (AML) regulations.As the announcement shows, the funds will remain available for withdrawal until 13:00 GMT on December 31, 2019. Bottle Pay is a service developed by the United Kingdom based company known as Block Matrix. It enabled Bitcoin payments to any social media contact regardless of whether they had an actual account or not.Two months ago and before the new European regulations and AML standards, Bottle Pay raised $2 million in funding and had the main aim of increasing the user base by ten times over the next year. However, as a custodial Bitcoin wallet provider based in the UK, the company was subject to the new European regulations and was forced to comply with the 5AMLD EU regulation coming into effect from January 10, 2020.According to Block Matrix, the additional user information that the new regulations require would “alter the current user experience so radically, and so negatively, that we are not willing to force this onto our community.”Meanwhile, the new European regulations led to new signups, deposits and social media bots going online. The funds that are already sent through Bottle Pay will not be claimed and returned to the sender within 7 days. On top of this, the withdrawal function will be taken offline too and all the wallets will close at 13:00 GMT on December 31, 2019. Any of the funds remaining in the Bottle Pay wallets will be donated to the Human Rights Foundation.At the end of the day, Bottle Pay is not the only service that shuts down due to the new European regulations and AML standards. Before it, we could see a similar service for micro payment tipping on Reddit which closed - but for different reasons. Tipjar, which was designed for sending Ether and was popular in the ETH news then, shut down due to lack of user interest.With the regulations getting more and more strict, businesses find operation a challenge unless they do something to obtain all certifications.
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