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Have You Heard? $60K Stolen In Latest Bitcoin Hack

Bitcoin hacks are seemingly more and more sophisticated by the day. I see it like this, for every ‘level up’ the technology industry reaches, the criminal underworld seem to get a multiplier and level up twice as fast. Hackers are always two steps ahead of the game. There’s a chance that the hackers all work for the people supposedly bolstering the security of technology, but that’s an argument for another day, though it does almost justify this strange and infuriating correlation. News of the latest hack type, that is alleged to have drained $60,000.00 comes from Securityintelligence.com, a website managed...

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Bitcoin Sets New All Time High… Hashrate

Just to clarify, Bitcoin HAS NOT set a new all time high value, of over $20,000.00, so don’t start selling off just yet. According to new reports though, via data on the Bitcoin network, Bitcoin has set a new all time high hashrate, in line with a huge surge in the dominance of Bitcoin. This is exciting for a number of reasons. Before yesterday, the all time high hashrate for Bitcoin stood at 43 quintillion per second, (43 million to the power of five), however, yesterday, this hashrate reached an all time high of 52 quintillion per second. If you’re...

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Why A Ban Of 3D Printed Weapons Is Not A Threat To Bitcoin

I can’t really believe that we are writing this, but, according to a report by Coindesk, the recent ‘block’ of a file containing code for the production of a 3D printed gun, by Defence Distributed in Texas has been compared to an assault on the freedom of speech, as code and thus, has been outlined as a threat to Bitcoin and cryptocurrency. Before we begin, I am going to explicitly state that the prevention of banning the home production of a 3D printed weapon is not a threat to Bitcoin. This isn’t banning ‘the freedom of speech’ this is actually...

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BTC, ETH And BCH Owned In Huge Amounts By Members Of The White House

Within the United States, members of Congress and other authorities are starting to be required to account for and declare their digital assets. This is a little bit of a paradox in that cryptocurrency was designed to challenge government control, yet in this scenario, we are seeing members of one of the world’s most powerful governments declare their crypto assets, on a frankly colossal scale. If a currency designed to beat the government is owned by the government, does it lose all bearing? Whilst this question is up for debate, one thing is clear. Staff and members of Congress, The...

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Bitcoin (BTC) Is Not Starting A New Cycle Before It Comes Down To $5,800 Again

Bitcoin (BTC) is not starting a new cycle before it falls down to $5,800 again. In order for Bitcoin (BTC) to begin a new cycle, it has to find a bottom first. So far, the price has marked lower highs and lower lows since the beginning of this correction as can be seen on the daily chart for BTC/USD above. If Bitcoin (BTC) had already found a bottom, then it would have been possible to break the downtrend at this stage and start a new cycle. This is because most technical indicators are already in oversold territory and a trend...

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