1. Bitcoinâs price spiked on 3 January by 7.08%, with its price jumping from $6,853.53 to $7,339.08. According to data provided by Datamish, over the past six hours, $18.66 million longs were liquidated on BitMEX, while $15.89 million shorts were liquidated. Looking at the charts, the longs liquidation took place almost 12 hours before the shorts took over. At press time, the charts indicated that $37.79 million in longs had been liquidated on the exchange, followed by $28 million in shorts.
 Read Full on AMBCrypto
2. The price of Bitcoin (BTC) has reached more than 983 mln Iranian rials (roughly $29,500) on LocalBitcoins, the Helsinki-based P2P cryptocurrency exchange. This is nearly 300 percent higher compared to its current market value of $7,323. Galaxy Digital CEO Mike Novogratz said that it's great to see the BTC price react to global uncertainty. The leading cryptocurrency surged by more than five percent just hours after the US airstrike killed Iran's most powerful military commander.
 Read Full on U.Today
3. On January 3rd, 2009, the mysterious Satoshi Nakomoto â pseudonymous creator of Bitcoin and blockchain technology, mined the first-ever Bitcoin block.Today marks 11 years since Bitcoinâs âGenesis Blockââthe first block in its blockchainâwas created, which sparked the cryptocurrency revolution. While Bitcoinâs white paper was first introduced in 2008 via a Cypherpunk mailing list, it wasnât until January 3, 2009 that Satoshi mined the first Bitcoin block, now referred to as the Genesis Block.
 Read Full on decrypt
4. Bitcoin continues to be the king as the coinâs trading dominance was recorded to be above 40%. In the latest December Markets Overview, Binance Research revealed that Bitcoinâs trading dominance for the month was 40.48%. Binance Research defines Bitcoin trading dominance as âthe respective volume contribution from Bitcoin trading, with BTC as a base currency, relative to the total spot volume on a platform over a period of time.â The yearly low for this metric was recorded at 11% in March 2019.
 Read Full on AMBCrypto
5. According to Coinmetricâs report the transaction count for a majority of crypto-assets increased in 2019, with the likes of USDT_ETH witnessing an incredible rise of 59,303 percent. In terms of Transfer Count, Bitcoin and Ethereum outperformed other crypto-assets in terms of annual average daily transfer count as Bitcoin registered an average of 13.10 percent over the course of 12 months. Speaking of the average transfer value, Bitcoin dominated most cryptos with a daily average transfer value of over $1.8 billion.
 Read Full on AMBCrypto
6.  The volume of BTC transactions on the over-the-counter peer-to-peer marketplace, LocalBitcoins, has increased dramatically in countries experiencing economic turmoil, including Argentina, Chile, and Venezuela. It has been widely reported how the citizens of these countries have turned to cryptocurrencies, most notably Bitcoin, to tackle the high inflation rates, simply just to feed themselves. The ease with which donors from all over the world can send those living in these countries has helped cryptocurrencies gain more of a spotlight.
 Read Full on BeInCrypto
7. A Bitcoin donation address has been opened to supply aid for the Australian bushfires raging this dry season. The #AustraliaBurning hashtag spread to the crypto community, with a Bitcoin donation address being open for contributions. At the time of writing, the address has already collected 0.34670816 BTC. Bitcoin donations started flowing in immediately today, as the address was made public. The objective is to raise a significant sum once the drive gets popularized.
 Read Full on Bitcoinist.com
8. In the seemingly endless dispute of investors about gold and Bitcoin, the financial agency Weiss Ratings takes the side of BTC, mentioning its advantages over gold. The Weiss Crypto Ratings branch of the agency assesses various aspects of different crypto coins and even ranks them. In its recent tweet, the agency states that, unlike gold, Bitcoin cannot be seized and it is extremely portable. Anyone can send any amount of BTC to almost any spot on the planet cheaply and extremely quickly.
 Read Full on U.Today
9. It appears that the reduced purchasing power of the US dollar (USD) could have been wholly offset had wages been paid in Bitcoin. With the average American pulling in around $28.29 per hour according to MarketWatch, it would currently take almost 257 hours to purchase a single Bitcoin (BTC) at its current value (circa. $7,315). Comparatively, somebody earning the federal minimum wage of $7.25 per hour would need to work just over 1,000 hours to earn a single Bitcoin. Read Full on BeInCrypto
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