Ethereum 

How to Protect Your Bitcoin Wallet

Bitcoin is a hot commodity lately. This cryptocurrency is usually at the top of experts’ and users’ lists of recommendations for investments in the digital world. If you’re thinking about using Bitcoin or have already started your crypto journey, there are steps you can take to secure your currency. Here’s how to protect your Bitcoin wallet. 1. Use a Hardware Wallet There are a few types of cryptocurrency wallets. Hard wallets connect to the internet for you to access at any time. This constant internet connectivity comes with certain cyber…

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Bitcoin 

Bitcoin Halving | How the Miners are Faring So Far

On May 11, 2020, Bitcoin successfully executed its third block reward halving. Bitcoin halving events usually occur every four years, and the first and the second events took place in 2012 and 2016, respectively. Since miners’ rewards for verifying blockchain transactions are usually trimmed by 50% following a halving event, past events have forced miners to adopt numerous changes to cater for the drops in profitability. What about the recent halving event? How have things unfolded for miners this time around? Mining Inefficiencies One obvious impact of a halving event…

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Ethereum 

Understanding the Cybersecurity Risk of Bitcoin

Are you interested in purchasing Bitcoin? If so, it’s essential to understand the potential security risks surrounding it. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target.  Here’s what you need to know. Wallets Carry Risks Cryptocurrency enthusiasts use both hot and cold wallets to store their Bitcoin. A hot wallet has an internet connection, which makes it potentially hackable. You might wake up one morning to find your funds depleted by an infiltrator overnight.  A May 2019 cyberattack on a Binance hot wallet led to a…

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Ethereum 

How to Prevent Bitcoin Fraud by Securing Your Identity

Theft has been a problem in all of history, but the digital age brings new challenges. While digital currency has several advantages over cash, it comes with some unique risks, like hacking and online fraud. Cryptocurrencies such as Bitcoin solve some of these issues, but you should still take care. The fact of the matter is no form of money is ever 100% safe without proper protection. Just because Bitcoin is more secure doesn’t mean you shouldn’t be careful with it. Like with any other kind of currency, you must…

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Blockchain 

Why Goldman Sachs is Wrong About Bitcoin

Bitcoin is one of the most popular cryptocurrencies out there, and it continues growing each year. The digital currency world has become popular for online transactions and enhanced security. However, some remain skeptical. Goldman Sachs recently held a briefing with investors where leaders discussed the crypto world with clients. The results, though, were not what crypto-enthusiasts were hoping for. As new tech advances the crypto world, some believe Goldman Sachs is falling behind due to its rejection of Bitcoin. On the other hand, the bank remains firm in its decision.…

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Blockchain 

Bitcoin Price Hits Two-Week Low, Garnering Interest from Small Investors

Bitcoin price fell by 9.8% last week, registering its most significant weekly decline since mid-March. The currency hit a two-week low of $8,630 early Monday, with prices last seen at $8,730—which is down more than 11% from a post-halving high of $9,960 on May 18. The recent price drop is, in turn, causing the number of addresses holding smaller amounts of Bitcoin to rise. The number of unique addresses that are holding at least 0.01 BTC (approximately $87 at current price) rose to a new high of 8.47 million on…

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Ethereum 

Bitcoin Soars Above $9K Mark with Strong Momentum

HomeNewsBitcoin NewsBitcoin Soars Above $9K Mark with Strong Momentum The cryptocurrency market might have had a horrid time over the past few weeks, but things have changed this week. Much of the reversal in fortunes is possibly tied to the upcoming Bitcoin halvening event. Why the Sudden Jump? The world’s biggest cryptocurrency by market cap has been in the doldrums due to the coronavirus-induced market crash over the past weeks, but now it seems to be on course to reach its previous levels. This morning, Bitcoin gained 1.9% to hit…

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Blockchain 

Bitcoin Slumps as Crude Oil Crashes

Over the years, it became accepted wisdom that Bitcoin was a store of value, and that it could work as a hedge against market fluctuations. However, this has not turned out to be the case during the course of the current prolonged market turmoil. After the oil price crash on Monday, the world’s biggest cryptocurrency has continued to slump at an alarming rate. After having found resistance at $7,200, BTC soon plunged to $6,800 per token yesterday, and it remains to be seen whether it can manage to recover today…

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Bitcoin 

Bitcoin Halving is Coming Soon

The crypto sphere has seen a lot of buzz over the past few months with regards to the Bitcoin halving that is going to take place in May. Bitcoin is the biggest cryptocurrency in the world, and it is only natural that the upcoming halving event has caused such a stir in the crypto sphere at large. Key Things to Watch However, there is something else that needs to be considered at this point. The markets across the world have been sent into a tailspin due to the onset of…

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Blockchain 

Bitcoin Cash (BCH) Climbs Higher After Halving Event

HomeNewsBitcoin Cash NewsBitcoin Cash (BCH) Climbs Higher After Halving Event One of the most crucial events in the lifetime of most cryptocurrencies is its halving event. Bitcoin Cash (BCH) had its much-anticipated halving on Wednesday. BCH had its first block reward halving yesterday, and the event resulted in a rally in the cryptocurrency. After the halving, BCH soared by 15% over the past 24 hours, and it will likely be in focus over the course of the coming days. Is Halving a Bullish Sign? A halving measure generally involves providing…

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