Bitcoin Drop: Bitcoin Loses $200 in 24-hours, Crypto Market Follows

The crypto market is suffering huge losses across the board today. And leading the drop-off is the largest coin by market cap; Bitcoin dropped from over $6,500 to a new two-week low of $6,243 in early trade today. The coin has lost over $200 in a 24-hour period, and as happens more commonly than not, there is no definite reason for the sudden drop. Bitcoin Drop The sudden Bitcoin drop has come somewhat as a surprise. The world’s biggest coin has been hovering between $6,600 and $6,400 for 14-days straight. A…

Blockchain’s Lockbox: The Original Software Wallet Releases its First Hardware Wallet

Blockchain is releasing its first hardware wallet, called the Lockbox. The company that is synonymous with having one of the oldest software wallets will begin shipping its new device in November. Blockchain’s Lockbox Blockchain’s online software wallet boasts over 30 million accounts, so will its new hardware device do the same? The company partnered with hardware wallet maker Ledger to create the Lockbox and has already begun taking orders. The Lockbox is setting out to be different. It allows the user to make crypto-to-crypto trades through Blockchain’s native brokerage called…

Where Does Blockchain Stand in the International Remittance Market?

Data shows that the international remittance market is huge. In 2016, migrants living in different parts of the world transferred more than $570 billion USD to their home countries. Even though several FinTech overseas money transfer companies have made their presence felt in recent times, the field is still dominated by three of the original players – MoneyGram, Western Union, and Ria. Between them, they account for around 25 percent of the total market share. What Has FinTech Done? Unlike the scenario a couple of decades ago, individuals no longer have…

Bakkt Platform Announces Bitcoin Futures Launch Date!

The launch date for Bitcoin futures on the Bakkt platform has been announced. Bakkt is a platform for trading, storing, and spending digital assets, and was created earlier in 2018 by Intercontinental Exchange—the parent company of the New York Stock Exchange (NYSE). Bitcoin Futures Launch Date According to a document released today, the launch date for trading is December 12th, 2018. The document explains the idea further: “Each futures contract calls for delivery of one Bitcoin held in the Bakkt Digital Asset Warehouse, and will trade in US dollar terms. One daily contract will be listed…

Elon Musk Tweets About Bitcoin and People are Losing It

It all started with a tweet by Tesla’s CEO Elon Musk. i🖤anime — Elon Musk (@elonmusk) October 22, 2018 I know, you’re probably wondering, “what does this have to do with Bitcoin?” Let me get to that. Elon Musk and Bitcoin After the anime tweet, a user asked the tech entrepreneur when two-factor authentication would be applied to Tesla accounts, and Musk responded with this tweet. Wanna buy some Bitcoin? 😉😉 pic.twitter.com/9ZbBJ5fuVq — Elon Musk (@elonmusk) October 22, 2018 Immediately after the tweet, Twitter locked Musk’s account after thinking his…

Blockchain and Shipping: Samsung SDS Signs Deal with Largest Port in Europe

Samsung SDS, the blockchain subsidiary of the tech giant Samsung, has just announced its partnership with Europe’s largest port, the Port of Rotterdam. In addition to this agreement, the Major Dutch bank, ABN AMRO, will also be in on the blockchain and shipping deal. Samsung SDS: Blockchain and Shipping The Samsung subsidiary released the news via a press release this morning. According to Samsung SDS, its trial will focus on shipping containers from an unnamed factory in Asia to the port of Rotterdam. The Port of Rotterdam is located in…

India’s Largest Bitcoin Exchange, Zebpay, Relocates to Malta

Zebpay, India’s largest cryptocurrency exchange, is heading for Malta! Following in the footsteps of major platforms Binance and OKEx, the exchange has had no choice but to move its operations to the ‘blockchain island’ amid strict regulations in India. Zebpay Moves to Malta The exchange shut down its operations in India last month, due to strict regulations issued by the Reserve Bank of India (RBI) in April. The RBI dictated that banks cease business with any firms relative to cryptocurrency. As such, Zebpay was forced to disable Indian Rupee deposits…

Small Bitcoin Fee: Only 10 Cents for $194 Million on the Bitcoin Network

According to sources, on October 16th, a Bitcoin user managed to transfer 29,999 BTC with a transaction fee of only $0.10. This amount of Bitcoin equates to $194 million, and a transaction of this magnitude would usually incur bank fees in the tens of thousands of dollars. With such a small Bitcoin fee for such a large transaction, will we see widespread adoption for big over-sea payments? Small Bitcoin Fee Bitcoin transactions are a funny one. Often, complaints roll in by the dozen about the cost of transaction fees because…

Bitcoin Price: BTC Skyrockets Nearly 10% and Pulls Rest of the Crypto Market Back into the Green

This morning, Bitcoin (BTC) rose almost 10% in less than an hour. After the Bitcoin price jump, investors began dumping money into the other digital assets, causing the market to widely shift green. Bitcoin Price Movement Last week, Bitcoin had its first major sell-off in months, but this morning it rose nearly $600 in less than an hour. Late last week, it looked as if Bitcoin was going to drop just below the $6,000 mark, but it’s now comfortably trading over $6,500. According to CoinMarketCap, Bitcoin (BTC) is trading at…

Cryptocurrency Sell-Off: Bitcoin (BTC) Plummets and Market Follows Suit

The cryptocurrency market took a huge hit nearly 12 hours ago when Bitcoin (BTC) abruptly dropped over $200 in value within minutes. After BTC dropped, a widespread cryptocurrency sell-off took place and hasn’t slowed down since. Cryptocurrency Sell-Off According to CoinMarketCap, Bitcoin (BTC) is currently trading at $6,264.43 a coin, down -4.63%. Most of the cryptocurrency market has followed Bitcoin’s spiral, and most coins in the top 15 cryptocurrencies by their total market cap are seeing double-digit percentage losses. Ethereum (ETH) is currently trading at $201.10 a coin, down -11.07%…