In our “Bitcoin” section, we cover the latest news, developments, and trends related to the world’s first cryptocurrency. Here you will find information about the Bitcoin network, mining, market movements, and the factors influencing the BTC price. Read the “Bitcoin” section on ForkNews to stay updated on everything happening in the Bitcoin ecosystem.
According to nChain, Bitcoin Satoshi Vision, a new fork of Bitcoin Cash, is almost ready to launch. The startup has already released a preliminary version of the software product. The beta version of Bitcoin SV has been tested for about five weeks and is now ready for launch with a few technical changes. As part of these changes, Windows support was removed.
Purchasing Bitcoin through regular ATMs has become a reality in the United States. The new opportunity comes thanks to a recent partnership between Genmega and LibertyX. As a result, the partners were able to provide customers with the option to purchase Bitcoin at any of Genmega's numerous ATMs using their debit cards.
A day after financial giant Fidelity entered the cryptocurrency market, fund manager Mark Yusko predicted that the industry will be the next fast-growing market.
On the bitfinex exchange, the price of bitcoin rose by $1,500 in just a couple of hours, from $6,294 to $7,788, which is a 24% increase. However, such a jump did not occur on other exchanges. This is associated with the exchange’s use of the stable token tether.
At the moment, few people inspire confidence in cryptocurrencies. However, an extensive statistical analysis of the Bitcoin market, carried out at the Institute of Nuclear Physics of the Polish Academy of Sciences in Krakow, showed that it is not much different from respected traditional currencies. All indications are that Bitcoin is a much better currency than it appears at first glance.
China's national currency has fallen below a critical level. Many attribute this to trade wars and political tensions between China and the United States. The accelerating decline of the Chinese yuan is causing concern not only in traditional financial sectors, but also in the cryptocurrency market.
Passware, Inc., a provider of a set of paid utilities for guessing (or determining) file passwords, announced that Passware Kit can now recover passwords from popular Bitcoin wallets: Blockchain.com and Bitcoin Core.
According to Chainalysis's recently updated annual study, "long-term investors sold about $24 billion of Bitcoin to new speculators between December 2017 and April 2018, with half of the sales occurring in the month of December alone. This unprecedented injection of liquidity is responsible for the price decline during that period." Obviously, when holders sell a financial product, its price falls, and it can fall quite significantly.
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