Progress Report: Lightning Network Surpasses $1M BTC Capacity, 4,000 Nodes

The Lightning Network continues to post steady growth. According to data from 1ML, the network is now supported by roughly 4,070 nodes, which house just over 12,500 payment channels, an average of 10.91 channels per node (at time of publication). Most of this growth has come in the later half of 2018, as the average age of each node is just 137 days old. With infrastructural growth, the network is also seeing an uptick in liquidity. At the time of writing, the network’s collective capacity now stands at 223.65 BTC, which, at…

Andrew Fleming, Former Dow Jones Executive, Joins BTC Inc as Head of Media

BTC Inc, the parent company of Bitcoin Magazine, is excited to announce the hiring of Andrew Fleming to be the new head of its media division. The addition of Fleming to BTC Inc’s management roster is the latest example of an emerging trend of big-name talent leaving institutions in order to join the crypto and blockchain industry. Before coming to BTC Inc, Fleming was the Head of Content Platforms at Dow Jones, parent company of the Wall Street Journal, MarketWatch, Barron’s and many other leading publications. Prior to Dow Jones,…

Rapper T.I., Charlie Shrem Sued Over Alleged Pump-and-Dump, BTC Theft Respectively

  Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US Rapper T.I. Sued for $5 Million After Alleged Failure of FLik Token U.S. rapper T.I. is being sued for $5 million by a group of 25 persons who have alleged that the rapper’s promotion of FLiK tokens led to a loss…

BitMEX CEO Affirms Bear Call, Says BTC May Fall to $2,000

Twitter Facebook LinkedIn What a difference a few months can make. It seems like a lifetime ago that Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX, predicted that the bitcoin price could reach $50,000 in 2018. In fact, it has been less than six months, though the events that have occurred during that interlude have been sufficient for Hayes to slash his short-term crypto forecast by more than 95 percent. CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last…

Weak Momentum Could Send BTC to $5,750

Twitter Facebook LinkedIn Over the past 24 hours, the valuation of the crypto market has remained at $205 billion, mostly due to the stability of Bitcoin at $6,350. The gap between BTC/USDT (Tether) and BTC/USD has declined to around $50, with the Bitcoin-to-Tether pair being traded with a $50 premium. The announcement of Tether LLC’s new partner bank Deltec has led to a minor recovery of USDT. “We hereby confirm that, at the close of business on October 31, 2018, the portfolio cash value of your account with our bank…

Winklevoss Lawsuit Claims Charlie Shrem ‘Stole 5000 BTC’ in 2012, Shrem’s Lawyer Denies

A lawyer for Bitcoin Foundation founder Charlie Shrem has denied claims by Tyler and Cameron Winklevoss that he “stole” 5000 bitcoins (now $31.7 million) from them in 2012, the New York Times (NYT) reported Nov. 2. In lawsuit unsealed Thursday, Nov. 1, the Winklevoss twins, with whom Shrem worked on a previous project before serving one year in jail for alleged facilitation of drug purchasing using Bitcoin (BTC), said the issue goes back to 2012. “Either Shrem has been incredibly lucky and successful since leaving prison, or — more likely…

Bakkt to Lead Bitcoin Recovery, Feb 2019 ETF Denial Crashes BTC: Analyst

Twitter Facebook LinkedIn Alex Krüger, a well-recognized cryptocurrency trader and technical analyst, has said Bakkt will lead the recovery of Bitcoin throughout 2018 and the first quarter of 2019. But, Krüger explained that the rejection of the Bitcoin exchange-traded fund (ETF) filing of VanEck, SolidX, and Chicago Board Options Exchange (CBOE) will lead to the crash of Bitcoin, possibly back down to the $6,000 support level and in worst case scenario, to the $4,000 region. “Possible outlook for BTC: First, bull run on BAAKT & renewed ETF approval narrative early…

Bitcoin (BTC) Price Watch: Aiming for $7,000 Next?

Bitcoin Price Key Highlights Bitcoin price is gaining traction on it bounce off the channel support on its 4-hour time frame. A move to the next upside targets might be in the works and the Fibonacci extension tool marks these. Technical indicators are hinting at weakening bullish momentum, though. Bitcoin price looks ready to resume its climb and might aim for these upside targets marked by the Fib tool. Technical Indicators Signals The 100 SMA seems to be crossing below the longer-term 200 SMA to indicate that bearish pressure might…

Bitcoin (BTC) Price Watch: Bullish Channel Still Intact

Bitcoin Price Key Highlights Bitcoin price broke down from its short-term consolidation and is down to the longer-term channel support. A bounce could still allow the uptrend to resume and take price to the resistance at $7,000. A break below current levels could lead to a pickup in selling pressure and prolonged declines once more. Bitcoin price tumbled below its short-term consolidation to test the bottom of its ascending channel on the 4-hour chart. Technical Indicators Signals The moving averages are oscillating to reflect earlier range-bound conditions and have yet…

Bitcoin (BTC) Price Watch: Sellers Waiting at Area of Interest

Bitcoin Price Key Highlights Bitcoin price continues to trade inside its descending channel on the 1-hour time frame. Price looks ready for a pullback to the resistance and the Fib retracement tool shows where sellers might be waiting. Technical indicators also seem to be suggesting that the downtrend might resume at some point. Bitcoin is in the middle of a pullback from its selloff and might be due to test the resistance at these Fibonacci levels. Technical Indicators Signals The 100 SMA is safely below the longer-term 200 SMA on…