A $13,500 Bitcoin Looks Inevitable as Price Fixes “Overbought” Worries
A combination of supportive fundamental and technical catalysts are pointing towards an extended Bitcoin bull run. The BTC/USD exchange rate kicked off the new week in positive territory on signs of institutional adoption, lower sell-off sentiment, and the global market uncertainty over the second coronavirus fiscal aid and the November 3 presidential election. The pair […]
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Stocks haven't been allowed to legitimately discover price for many reasons. But with Bitcoin, we unlock a new money valuation paradigm. The post Stocks Don’t Truly Discover Price, Bitcoin Fixes This appeared first on Bitcoin Magazine.
Bitcoin's eighth birthday was marked by a new software update. Though all eyes may have been on the escalating price, Tuesday's software upgrade (to version 0.13.2) is the latest of many "minor version releases" published by the volunteer developer group known popularly as Bitcoin Core. It might not be as big of a release as say, 0.13.0, but it rounds up a number of bug and performance fixes, including an upgrade that will allow the built-in wallet to react to memory pool (mempool) changes more appropriately. Other improvements include increased block relay speed on the network....
So now bitcoin price has gone down again. After a recent surge of about $20 that got digital currency enthusiasts everywhere feeling pretty happy again, the price has now gone down by about $10 and is hovering around the $233 line. Naturally, many of us are pretty disappointed, and yet at the same time, such a drop was to be expected. With the recent malicious activity striking bitcoin exchanges all over the globe, a bitcoin price drop was probably inevitable. We saw similar circumstances with the Bitstamp hacking, and now we're likely to see it again here, especially considering there....
Updated with commentary from core developer Mike Hearn. Update 20th March 6:30 pm GMT: Updated with commentary from BitMonet founder and developer Ankur Nandwani. Update 21st March 6:30 pm GMT: Updated with commentary from bitcoin developer Peter Todd. Bitcoin's core developers have released the latest update to the bitcoin reference client, version 0.9.0, which includes transaction malleability-related fixes, as well as updates to how transactions are relayed on the network. Version 0.9.0 notably includes coin control features and a Windows 64-bit installer, among other updates, bug fixes....
For a number of years now bitcoiners have predicted that the price of bitcoin will surpass its all-time high from 2017 and many believe it will rise to the $100k or six-digit price range. This week bitcoin enthusiasts discussed the possibility of the crypto asset reaching $100k at great length. In mid-December 2017, the price of bitcoin (BTC) touched an all-time high (ATH) of $19,600 per coin. Today, BTC is 45.81% lower than the 2017 ATH but a number of bitcoiners believe that the crypto asset will surpass that price range. For instance, at the 2020 Virtual Blockchain Week event, the well....