Day: June 24, 2018

Valued at nearly $3 billion, the Tron blockchain is set to go live in the coming days, finally putting the much-debated technology to test.

Fundamentals continue to show a maturing network with increasing use of batching and SegWit adoption, which add downward pressure on transaction fees. These changes will be essential for scaling when on-chain transactions begin to increase.

One of the oldest, most respected sites in the cryptosphere, Blockchain.info (Info), is moving domains. For many ecosystem veterans, Info was where it all started. First wallets. First block exploration. First real interaction with cryptocurrency. Recently, the group announced its move and plans for the future. It’s also a change signaling maturation of the space.

Also read: Supremes Uphold Cell Privacy, Hope for Ross Ulbricht

Blockchain.Info Moving to Blockchain.com

“Later this month,” a notice on the Blockchain.info blog of read, “we’ll be consolidating all pages on blockchain.info under our one and only blockchain.com domain. We’ve been looking forward to this merger for quite some time, because it means you’ll only have one place to go for all of your crypto needs, instead of two. In the coming weeks, you’ll be able to access all of your .info favorites from blockchain.com.”

Info routinely ranks in the top 1,000 global websites, according to Alexa. The Luxembourg-based company took off Summer of 2011, and was widely known as a dependable block explorer. It grew to much more than that. Transaction data, charts, wallet, mined blocks information, developer resources, along with forum and media links. Their Android mobile app is also very popular.

The halcyon days in 2013-2014 saw Info become the most visited bitcoin-related website in the world, some 120 million views. It was the first to reach one million wallets. It was such a staple of the nascent community, when Apple nixed its iOS version, apeshit would be an understatement in terms of the reaction (people smashed their iPhones!). It was also during this time Info got its monetary sealegs, boasting tens of millions in venture capital. Street cred wasn’t dampened at all, as its wallet earlier embraced Tor.

Fast forward years later, and they’re “now one of the oldest, most established company in the industry and so much more than a bitcoin explorer,” they acknowledge. “We’re the world’s leading crypto wallet where 25 million users invest in and store Bitcoin (BTC), Ether (ETH), and Bitcoin Cash (BCH). We also allow users to analyze the top cryptocurrencies via our markets page and are continually expanding our widely used API services to make it even easier for developers to build on top of the block chain.”

Looking Forward

They continue to rake-in cash. During the 2017 run up, Info snapped up another $40 million in venture dough. It took a bold step that same year by partnering with Unocoin to bring greater crypto awareness to India. They’ve also become something of an exchange, operating in nearly half of US states as a way to buy and sell crypto. 

The domain move keeps a solid team intact, including co-founder Nicolas Cary. Mr. Cary was an early business leader in the space, attempting to marry commerce and philanthropy. He has a particular passion for encouraging youth entrepreneurs, founding Skies the Limit project. They “use data provided from our entrepreneur and volunteer users – such as their skills or needs, location, and stage of business – to predict and recommend high-quality matches. Then, we monitor and support these matches over time to help our entrepreneurs develop skills, build businesses and create jobs for themselves and others in their communities.”

The company promises a seamless transition to its dot-com digs. “We’ve done a lot over the years,” they conclude, “but have a lot more to do in building the future of finance. As we move forward through 2018, we know that your needs are ever-changing, and we need to be prepared to offer you the end-to-end experience you’ve been waiting for.”

What are your thoughts on Blockchain.info’s move? Let us know in the comments. 

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Images via the Pixabay, Blockchain.info.

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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.

The post So Hard to Say Goodbye: Blockchain.Info Goes Dot Com appeared first on Bitcoin News.

Ethereum, the world’s second largest cryptocurrency by market capitalization dropped to a 74-day low below $430 – a level not seen since April 12.

During an interview with CNBC, Ethereum-based digital asset marketplace Rare Bits co-founder Ammit Mahajan, who also co-created the popular social network game FarmVille, has disclosed that the company raised $6 million in a Series A funding round led by Spark Capital, Twitch CEO Emmett Shear and founder Justin Kan.

Why is Twitch Interested in an Ethereum Marketplace?

Digital collectibles like CryptoKitties are embedded onto the immutable blockchain protocol of Ethereum as smart contracts, and these contracts can be transferred out of the native CryptoKitties app to platforms like Rare Bits to trade them with other Ethereum users and investors.

Rare Bits first gained popularity within the cryptocurrency community after users of CryptoKitties, the most popular decentralized application (dapp) game according to DappRadar, started to sell digital kittens on the marketplace.

Essentially, as a digital collectibles platform on which users can breed and create characters, CryptoKitties is similar to the old Japanese classic game Tamagotchi; the main difference between the two games is that on CryptoKitties, users can actually buy and trade in-game collectibles or items.

For many years, the rapidly growing gaming industry has tried to find efficient methods of facilitating the trading of in-game items. Platforms like GameFlip, G2A, and PlayerAuctions have operated as intermediaries and moderators to help players purchase and sell in-game currency, gold, items, skins, and rare finds.

After a digital content distribution platform, Twitch is a gaming industry-focused business; it primarily supports gamers and streamers unlike other platforms like YouTube that target a wider range of content creators.

It is likely that the possibility of trading in-game collectibles on the Ethereum blockchain ;ed Twitch CEO and founder Emmett Shear and Justin Kan to invest in the platform, seeing the potential of Rare Bits of evolving into the first successful blockchain-based auction platform.

Speaking to CNBC, Rare Bits founder Mahajan said that in the long-term, the platform hopes to see non-cryptocurrency products on the platform alongside digital collectibles, such as backstage passes to concerts and second hand products.

In the short to mid-term, Mahajan said that the team will need to focus on bringing people from outside the cryptocurrency sector to its Ethereum-based platform. At the moment, Rare Bits would appeal to cryptocurrency enthusiasts but to bring regular consumers in the bigger market, Mahajan said that a special incentive structure will be necessary.

Emphasizing his realistic stance on the lack of adoption of the blockchain as of current, Mahajan said:

“The issue with this today is, if I have nothing to do with Ethereum, I don’t know anything about it and I’ve never thought about it, why would I ever go out of my way to buy Ethereum and get involved in this ecosystem? Imagine if a celebrity like Beyonce or someone really well known were to release ten backstage passes on the blockchain, how many millions of people do you think would go out of their way to acquire one of those things?”

How to Compete With eBay

Ultimately, Mahajans stated that the goal of Rare Bits is to remove the “blockchain” and “Ethereum” tags from its platform to remove the barrier between the cryptocurrency sector and normal consumers.

“In the final version of our product, we may not even mention the fact that we’re using Ethereum or using the blockchain. In an ideal world, you come to the site, you buy something you want, you exchange it, trade it [or] use it, but you don’t care or even need to know that the underlying technology is crypto-based.”

But, there certainly is risk in dropping its niche market in the cryptocurrency sector to take on a bigger market, and to successfully carry out that strategy, the team will need to ensure its platform operates as fast and efficiently as centralized platforms.

Image From Shutterstock

The post Twitch CEO Funds Ethereum Digital Asset Marketplace That Wants to Compete With eBay appeared first on NewsBTC.

As a part of our interview series, we asked a few questions about Genesis Vision to its CMO Artur Bagdasaryan, who gave a clear picture of the platform. Read the following questions and answers to know more.

Q: What is Genesis Vision all about?

A: First off, Genesis Vision is an asset management platform, that uniquely unites all of the market participants into a single ecosystem.

If we were to describe what our platform is about; in broader terms, it would sound like this – we believe that we’re creating a universal marketplace for people willing to monetize their trading skills, as well as investors, seeking a passive income. It’s an open market of money-makers, so to speak. Just like Craigslist or Ebay created services, that connected people willing to buy with people willing to sell, we are creating a service that would allow investors, who don’t have the necessary skill or knowledge to carry out trading operations, to invest funds into skilled fund managers, all backed up by blockchain and smart contracts.

A basic premise in the theory of evolution is that species must adapt to a changing environment in order to survive. This holds true for companies as well as flora and fauna. We believe that we are creating the next logical step in the evolution of the asset management industry.

 Q: What benefits can traders and investors get from Genesis Vision?

A: We are creating a 360-degree solution that benefits all of the market participants.

Benefits for investors, except for obvious examples like passive income, include complete transparency, and an internal exchange, which gives an investor a level of control over their funds within the framework of an asset management module.

We seek to offer our investors not only everything, that a regular existing PAMM would offer, but more. Not only a skilled fund manager of your choice operating your funds but to also have the transparency and integrity, associated with the nature of blockchain technology.

As for managers, everything is quite simple as well. Apart from more funds to manage, which inevitably leads to more income, managers can monetize their skillset, using our platform, and receive income both from more funds under management, as well as in managerial fees.

But that is far from it since you could have already gotten that from a regular asset manager.

The most important benefit that we see for our managers is the fact, that only their skill speaks for them. You don’t need to care about the marketing, you don’t need to care about a website, staff, reputation, anything. The only thing you need to care about is your consistent good results. In a fair and open market, your figures will do the talking.

Q:Are exchanges interested in joining Genesis Vision? If yes, can you name them? If no, what’s your approach towards adding them?

A: A simple answer would be yes, but unfortunately we cannot yet disclose any particular names, due to NDA. But why wouldn’t they want to join?

Our system does not jeopardize their own clientele. It does not tarnish their brand. All they receive is the increase in trading volumes, the most advanced PAMM system, integrity from the third-party verification of their trading practices, as well as a bit of exposure. It is the true definition of a “win-win situation” in our book.

As for the approach that we choose towards adding new brokerages and exchanges, it always stays the same. We want to develop a product, that will attract them like a magnet. We don’t need to have a headache over the approach, as long as we develop the platform equivalent of the “offer you can’t refuse”.

Q: What about your new project Genesis Markets? How will it change the crypto trading market?

A: Genesis Markets is a crypto broker and it’s one of a kind, the first of its kind in fact!  It is not only the first crypto broker to introduce altcoin trading using the most advanced and eminent trading terminal MetaTrader 5, that is the choice of millions of conventional traders all over the world, but it will also use an aggregation of order books and trading instruments from different exchanges, connected to the broker.

You all know, that crypto exchanges have a specific roster of cryptocurrencies, that changes with every exchange. You all know the headache of transferring your coin stacks from one exchange to another, just because your token of choice is not being traded on your current one.

And you definitely know the struggle of selling a big stack of coins on a relatively small exchange, that lacks liquidity.

Well, with the help of aggregation, Genesis Markets solves all of this. All of the coins and tokens, as well as order books from multiple exchanges are united, merged and accessible from one single destination – the Genesis Markets crypto broker.

Q: You speak about the use of blockchain and smart contracts. How exactly are you implementing them within Genesis Vision? Also, why are they needed to be integrated into the first place?

A: Blockchain and smart contracts are the backbones of Genesis Vision. We firmly believe that the integration of these technologies within the fintech industry is the most felicitous choice.

Simply, it just works.

We use the IPFS protocol to record the trading history of all of our managers. This way we provide all of the necessary tools for our investors, to ensure they can carry out their own due diligence. Smart contracts are used for the distribution of profit, which makes the process automated and does not change the trading process of the manager in any significant manner.

Back to the question of the necessity of these technologies. Blockchain gives us, and most importantly our investors the desired transparency, which the conventional asset management module so desperately lacks into days world.

Q: How does a novice differentiate between a good trading strategy and a bad trading strategy? What if the experienced traders we hire – pardon my French – fuck up?

A: Yes, that can and will happen from time to time, there is no denying that. But think of our platform as your classic exchange, but rather than goods, you invest in people. Some of the companies you have invested in will flop and go bankrupt, while others will show you multiple digits of profit.

The same logic applies here – there will be good and bad managers, and the free open market will decide which ones are which. But nothing stops you from differentiating your investment, hedging yourself from the possible risks.

One more thing you should also take into consideration is the planned introduction of the internal exchange. It’s a place, where our investors will be able to purchase and trade the manager tokens. This will give our investors an additional leverage, where they will be able to sell manager tokens to recuperate some of the losses, or even gain significant profit.

For differentiating a good investment program from a bad one, we have different levels of analysis, depending on the investor’s experience. Starting from the levels of the program, ending with complete statistics on transactions in the blockchain. Absolute profit figures, graphs, levels and overall rating among all managers will be easy to grasp, even for a novice!

Q: How does your platform fare in terms of regulations? Are you only crypto-based or is there scope for fiat-conversions?

A: Unfortunately, it is too early to talk about this, both due to NDA and the current crypto climate. One thing we can say for sure is that we are planning a fiat gateway, and we’ve been in negotiations for quite a long time now.

So even though we can’t provide our investors with any certain ETA at the moment, we are sure that it will eventually be possible to enter Genesis Vision using fiat currencies.

As for the regulation, it is definitely a question of huge importance, not only for our investors and clients but mainly for brokers, exchanges, banks and other miscellaneous companies we will be working with or in tandem with each other. They require the highest standards of regulation and licenses, and we will be able to provide them with anything that is required for a full-fledged and profitable cooperation.

 

The post An Interview With Genesis Vision’s CMO, Artur Bagdasaryan appeared first on NewsBTC.

Hydro-Quebec has submitted to the Quebec government the main guidance to select crypto companies to work with.

A recent study by the Pew Research Center confirmed what we all already knew. Smartphone use is at a record high, and adoption continues to accelerate. Whether users are iPhone fanatics or Android loyalists, they have made this technology an incredibly powerful tool that serves as the Swiss army knife of personal technology. It can seemingly do anything, and people are using them for everything.

For instance, 51% of U.S. shoppers are making purchases on their smartphones, and 55% consume news on their devices.

Of course, smartphone users aren’t just consuming content. They also produce an astonishing amount of data. For example, smartphone users conduct more than 20,000 searches every second, they send more than 16 million text messages are transmitted every minute, and they upload 95 million photos on Instagram every day.

In short, smartphone users are prolific. They spend more than five hours a day on their devices, and smartphones have woven their way into our workflows and lifestyles like few other products are able to do.

The winners of this large-scale technological shift are the cell provides who charge significant sums for data plans. Although smartphones free users to be able to live a mobile lifestyle, they tether users to costly plans that provide little flexibility or resale opportunity.

Now, KeepGo, a blockchain-based startup, is equipping users to take back control of their data plans.

KeepGo: A Decentralized Exchange for Buying and Selling Data

When it comes to cellular data plans, people frequently suffer from a scarcity of data, or they have significantly more than they actually use. Either way, it’s a costly endeavor.

In 2015, CNN publicized that nearly a quarter of customers of the two most prominent cell providers in the U.S., AT&T, and Verizon, paid overage charges within the last half year. These metrics were conducted as part of a study on mobile data usage, and CNN reported, “Data overage charges [are] crushing customers.”

This problem has only become exasperated as adoption hastens. KeepGo’s decentralized exchange allows users to mediate this problem by providing a platform where they can buy and sell data.

For users with cellular contracts that exceed their needs, they can profit from their extra data by selling it on the exchange, and those who overuse their data plan can supplement it by purchasing additional data.

The exchange has additional use cases as well. Travelers needing cell data for their trip can purchase it on KeepGo’s exchange so that they avoid purchases expensive international data plans that attain limited use. Moreover, savvy, budget-conscious consumers can mitigate the cost of connectivity, which can expand mobile data accessibility to less affluent users or those just looking to use their money in other ways.

KeepGo’s exchange isn’t an iterative change to the mobile economy. It’s a whole new approach to accessibility and connectivity.

A Blockchain-Enabled Supply and Demand Economy

The KeepGo exchange is controlled by market forces, so nobody controls the prices or has an improper influence on the market.

Instead, the exchange is managed by the blockchain’s smart contracts that automatically execute buy or sell orders based on the current, community-driven data rates. In this way, KeepGo returns the data market to users rather than with the telecom companies that have dictated the market for so long.

Users buy and sell data in a p2p format using the platforms native digital currency – the KEEP token. By using a digital currency, KeepGo ensures that users’ data doesn’t lose value because of accompanying fees or other ancillary costs. Instead, the entire process is managed on the blockchain, so it’s steeped in transparency and fairness.

The KeepGo exchange is based on open sourced code initiated by the KEEP Foundation, a non-profit collective of developers who pursuing fair and open telecom services. Cellular data is the lifeblood of the telecom industry, and by starting with this valuable commodity, KeepGo will help make the industry more user-friendly and equitable. It’s time for a new model for distributing access to cellular data, and KeepGo has wrestled control from large corporations and has returned it to the users. That’s an excellent place to start.

 

The post KeepGo Foundation to Launch a Decentralized Megabyte Exchange appeared first on NewsBTC.

How demographics, a mass of retirees, house prices and 1990s Japan all present a massive tailwind for the cryptocurrency markets as millennials come into their peak earning years.

How demographics, a mass of retirees, house prices and 1990s Japan all present a massive tailwind for the cryptocurrency markets as millennials come into their peak earning years.

At long last, Mt Gox account holders affected by the hack would receive their coins after Mt Gox was given a go-ahead to proceed with their Civil Rehabilitation Process. This is a reprieve not only to those seeking compensation but to Bitcoin prices because Koyabashi won’t be liquidating more coins in the days to come. In the mean time though, Bitcoin prices are down 20 percent month over month and trading below $6,000, our main support and trigger line for the first time this year.

From the News

For the better part of 2018, the crypto-verse there has been saturation of news that the recent slide of Bitcoin prices has to do with the liquidation of Mt. Gox Bitcoin holdings. Yes, that may be true and after all when hackers made away with 800,000 Bitcoins, the aggrieved parties sued seeking for redress. Inevitably, this meant Mt. Gox applied for bankruptcy with Koyabashi the man entrusted to liquidate coins and reimburse claimants.

Now, so far, data shows that the Koyabashi has successfully released 30,000 BTC at a ball park $11,000 starting from Q1 2018. However, there is a ray of hope for Bitcoin. Evidently, Bitcoin is experiencing wild price fluctuations losing more than $14,000 in the first half of 2018 and dipping below $6,000 for the first time this year.

From a document released, Mt Gox now has been giving the green light to begin a civil rehabilitation process where compensation would be in BTC and not yet in Yen as before. To kick-start this, those seeking redress should first lodge their claims before October 22 this year for verification and the official civil rehabilitation will begin on February 19, 2019. While this is happening, the bankruptcy proceeding would be halted to ensure that everyone receive his coins before liquidation of Mt Gox assets thereafter.

Other than effects of Mt Gox, Bitcoin Lightning Network implementation has its own share of criticism. The LN is unique as it’s an off chain solution that works more as an invoicing system. Unfortunately, critics are saying mass adoption of LN would be inconveniencing just like the legacy network inability to scale reviving talks of usability challenges and high fees once more.

Bitcoin (BTC) Technical Analysis

Weekly Chart

At 75 percent down from Bitcoin ATHs at $20,000, BTC prices are down $14,000 and trending for the first time this year below $6,000. All things constant, it will be wise to trade with the trend. So, after last week’s bearish break down candlestick, looking for pull backs specifically in the 4HR chart if you prefer trading from the weekly chart would be ideal.

In my view, the combination of fundamental events and talks or regulation would be the main undoing for BTC valuation. As such, until we have clarity, Bitcoin will continue to haul other coins with them. In the weekly chart, the first region of support in-case we see a follow through this week stands at $4,500 or the 78.6 percent Fibonacci retracement line. If there is a further break down, then aim for $3,000 as laid down before.

Daily Chart

Obviously sellers are in charge in this time frame and following yesterday’s events, trading with the overall trend is suitable. Solely because of this, my trade suggestion means we sell on every high preferably when there is a retest of $6,000-our previous support line.

In that case, stops would be at June 23 highs at $6,800. If not, conservatives should wait for today’s confirmation then sell with stops at $6,000. Overly, our trade plan remains the same and targets would be at $4,500 and $3,000 on the lower end.

The post Court Halts Sale of Mt Gox Bitcoin Stash until 2019 : Bitcoin (BTC) Technical Analysis appeared first on NewsBTC.

Overly, altcoins are on a downtrend but even in the midst of this strong sell pressure, the sentiment around Tron mainnet launch seems to be buoying TRX prices . Therefore, if indeed Tron transition is smooth and everything works out, a follow through would be inevitable. Remember, BTC is fighting back bears and is up one percent in the last 24 hours with a market dominance of 42 percent.

EOS Technical Analysis

After what appeared to be censorship attempts by the EOS block producers, a lot of critics are emerging pointing fingers at everything EOS. There are some supporters though but what stands out is the ongoing politics around block producers and how they will contribute to the EOS community in general.

Of course, each company has their own baits to draw coin holders to vote them in. This way, they would be in a position to rake in $10,000 a day while hosting their servers on a cloud platform as Google. There is a list doing rounds in Reddit which purports to show that leading BP candidates as BitFinex and EOS New York are lying that becoming a BP would cost money. In actual sense, the document says, these 21 BP will end up paying $5,000 per month to host their servers at Google Cloud.

Price wise, there are some bullish attempts as yesterday’s candlestick shows. Even though prices are down eight percent in the past day, hints of higher highs in lower time frames means we shall wait for retests at immediate resistances. These are anywhere between $9 and $10. By extension it also means we should temporarily pause our selling and wait until clear sell signals print in the 4HR chart at the aforementioned resistance levels in coming sessions.

Litecoin (LTC) Technical Analysis

There were high hopes when Bitcoin Futures were launched by the CBoE and CME sometimes back in December 2017. That’s around the same time BTC prices were trading at their all time highs. Now, following the same path is a UK crypto exchange under FCA regulation offering LTC Futures since June 22.

LTCUSD futures launch has been a great success.

– $15M notional volume in first 12 hours of trading.
– 100% Segwit wallet use
– M-address for deposits
– Bech32 validation

Thanks to @LTCFoundation and @SatoshiLite for being so helpful in the process.#Litecoin #LTC pic.twitter.com/PCevK4Cf3N

— Crypto Facilities (@CryptoFLtd) June 23, 2018

According to Crypto Facilities CEO, this LTC-USD Futures were an on-demand product from clients and by providing these Futures, they are basically filling in market gaps. Hopefully, this will boost transparency and liquidity not only in Litecoin markets but in other asset markets.

Like BTC, there is some pull backs and short term rejection of further depreciation in lower time frames. That’s why we are seeing that pin bar with long tails after yesterday’s price action. Yes, overly we remain bearish and to trade this coin, the best approach is to wait for reaction at immediate resistances anywhere between $90 and $100. Any hints of lower lows at these levels would be the only trigger to initiate shorts with targets at $70 and later $50 as before.

Stellar Lumens (XLM) Technical Analysis

It’s evident that coin prices are the end receivers of this incessant bear pressure and the charts couldn’t print the overall picture clearly.  Luckily through, yesterday’s bull attempts and that pin bar signaling buys in lower time frames could be a flicker of hope.

After all, unlike previous days, Stellar Lumens prices are one percent lower in the last 24 hours. So, while we shall retain bear forecast, selling at current spot prices isn’t what I suggest. Instead, wait until there are sell signals in the 4HR chart anywhere between 20 cents and 25 cents. 25 cents is the top of that consolidation or June 20 highs.

Tron (TRX) Technical Analysis

Today is the Tron mainnet launch and a day of independence. Independence from relying on Ethereum blockchain that is and while this happens, coins remain frozen at different exchanges supporting this migration. It’s important that your exchange supports this launch and in case you haven’t moved your coins, move them to Binance. So far, Binance is the only exchange that still allows coin swaps.

#TRON Independence Day Countdown: 11 hours, 0 minutes, 0 seconds! Please bear with us and stay tuned for the new era. #TRONSR $TRX #TRX pic.twitter.com/mih86EMmql

— Justin Sun (@justinsuntron) June 24, 2018

Relative to most coins, the depreciation hasn’t been that serious in TRX. Regardless, we still maintain a bearish stand especially if we see breaks and close below 4 cents or yesterday’s low. Before then, wait and see what happens to price action today as mainnet launch take effect.

IOTA (IOT) Technical Analysis

Like the rest of the market, IOT is still struggling to stay afloat in the midst of strong sell pressure. And at current prices, our sells are valid but for those planning to unload, wait until there are a strong break below 90 cents to the downside.

Otherwise, should there be a follow through and prices inch higher, then our immediate resistance would be at $1.3. That’s where if bears would resume their original sell trend would form the momentum to break below 90 cents and test 70 cents, our first bear target.

The post “EOS Block Producers are lying to community and Earning $10,000 Per Day”: EOS, IOTA, Stellar Lumens, Litecoin and Tron Technical Analysis appeared first on NewsBTC.

Chinese police have arrested a suspect on charges of alleged power theft, seizing 200 bitcoin and ethereum mining computers in the process.

Forbes

Bitcoin Prices Continue To Decline, Hitting Fresh 2018 Low Forbes Bitcoin prices continued to decline today, falling below $5,800 and reaching a new low for the year. The digital currency dropped to as little as $5,785.43 by 16:00 UTC (12:00 p.m. EST), according to the CoinDesk Bitcoin Price Index (BPI). At this ... Bitcoin Price Drops to Within $100 of 2018 LowYahoo News all 6 news articles »