Summary: Bitcoin continues to consolidate above its prior range high in the $9,000 to $9,100 range. The market has failed to find any meaningful support above our monthly resistance around the $9,250s. Every attempt to push the market above the $9,250 limit has resulted in supply surfacing and a rejection of the level. If the…
Refugees migrating from Venezuela to Colombia can now use cryptocurrencies to make purchases across the border. Panda Group, the operators of Colombian platform Panda Exchange, has created a new service that aims to alleviate some of the issues that Venezuelan refugees deal with as they pass through the border to their neighboring country. The crypto…
In this episode, Dave and Grahm cover the latest Bitcoin Magazine stories: shadow banking in the crypto space, Binance’s U.S.-regulation-compliant spinoff company and ways to explain Bitcoin to your dad. Then they welcome back recurring guest Dan Held, director of business development at Interchange. They discuss Held’s recent essay on Bitcoin’s security, the halving and…
It’s barely been a day since the libra white paper was released and regulators are already taking aim at Facebook’s new digital currency. International Reaction to Facebook’s Libra Officials in Europe didn’t waste any time chiming in on the announcement. While the crypto industry and everyone else were still collecting themselves, political leaders from France,…
The developers of Samourai Wallet have published the public beta version of Whirlpool, a Chaumian CoinJoin implementation that consists of a framework supported by various privacy-enhancing software tools. What Is Chaumian CoinJoin? CoinJoin is an anonymization technique first proposed by Gregory Maxwell in 2013. A “Chaumian CoinJoin” integrates chaum blind signatures — a scheme that…
Security is of the utmost importance when it comes to money, but how does one define security in Bitcoin? Traditionally, securing one’s savings has meant handing it over to a bank, but Bitcoin security requires quite a bit more personal responsibility — at least on an optional basis. Different people have wide-ranging responses to the…
Price Analysis Summary: The bitcoin market blasted straight through the $10,000 price range in a rally that had bitcoin price testing the lower $11,000s before any meaningful selling took place. This rally was fueled by deeply underwater short positions that were liquidated and/or forced to close. We are currently sitting above a major milestone on…
Bitcoin Magazine‘s Week in Review brings you the most critical, interesting and popular news affecting Bitcoin this week. Adoption & Community Crypto Point-of-Sale Service Provides Relief to Venezuelan Refugees Good news this week for crypto users migrating from Venezuela to Colombia. The Panda Group, operators of Panda Exchange, announced a new service to alleviate some…
The Financial Action Task Force (FATF), an intergovernmental regulatory organization, has finalized its recommendations for combating cryptocurrency money laundering and terrorism financing. In short, it wants to blow back the veil on user privacy. What Are the FATF Crypto Guidelines? The FATF released the final draft of its highly anticipated recommendations for cryptocurrency service providers…
The crypto market is pumping, and mining monolith Bitmain is riding the wave. According to Bloomberg, the company is eyeing another initial public offering (IPO), this time in the United States. Its first attempt to go public on the Hong Kong Stock Exchange lapsed earlier this year amidst reported financial troubles stemming from the bear…