Cryptocurrency 

Bitcoin Price Breaches $12,000 As Analysts Declare ‘Bear Trap’ Complete

Bitcoin (BTC) continued defying expectations to retake $12,000 on July 4 as analysts increasingly compare its performance to 2017’s parabolic rise.  Market visualization courtesy of Coin360 Data from Coin360 showed BTC/USD retracing slightly to $11,680 after hitting $12,025, continuing a rebound which began on Tuesday.  Bitcoin’s behavior had surprised most earlier in the week, after a bearish move downwards to just $9,700 suddenly U-turned, mushrooming into fresh growth.  Now, charts are looking increasingly like a repeat of bitcoin’s progress in the second half of 2017, regular trader Filb Filb says. …

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Cryptocurrency 

Stellar Node Outage Causes Two-Hour Complete Transaction Freeze

Blockchain network Stellar (XLM) stopped confirming transactions for two hours on May 15, executives confirmed following a user post on social media. Stellar, whose lumens token is currently the eighth-largest cryptocurrency by market cap, went down entirely for around 110 minutes Wednesday. The cause, it appears, was a mass offlining of Stellar Development Foundation (SDF) nodes, which the majority of the network trusts. Accordingly, other participants failed to find consensus for blocks, and no transactions were validated until developers resolved the issue. “I really hope we’ll get a real debate…

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Bitcoin 

India Considers Complete Ban on Digital Currencies

A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government, local media outlet The Economic Times reported on April 25. An official familiar with the matter reportedly told the Economic Times that the government has begun inter-ministerial consultations on the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019″ draft bill. A committee consisting of the Department of Economic Affairs (DEA), the Central Board of Direct Taxes (CBDT), the Central Board of Indirect Taxes and Customs (CBIC) and the Investor…

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Bitcoin 

Crypto ‘Won’t Turn Out to Be a Complete Delusion’

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed. The historian — who authored a book on the history of currencies, “The Ascent of Money” —  made his remarks at a private event during the Australian Financial Review (AFR) Business Summit earlier this week, the AFR reported on March 6. “I was very wrong. Wrong to think there was no […] use for a form of currency based on blockchain technology,” Ferguson is reported…

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