NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto Tidbits: Venezuela Owns Bitcoin, SoFi Adds Cryptocurrency Trading, Libra Launch Unclear

Nick Chong
Nick Chong
1 year ago
3 mins read
bitcoin crypto rocket

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Another week, another of Crypto Tidbits. Bitcoin has been absolutely slammed over the past week, shedding 20% of its value in a few days’ time. Altcoins have followed suit, posting similar, if not worse losses.

Unfortunately, the news cycle reflected the drop in the Bitcoin market. While there was a smattering of positive news events — an explosion in the Bitcoin hash rate and launches of crypto trading by finance giants — not much took place in the industry.

NewsBTC’s here to compile what took place over the past seven days that is important, however.

Related Reading: Crypto Tidbits: Bakkt Bitcoin Futures Inbound, NASA Hints at Blockchain Ambitions, Libra in Hot Water

Bitcoin & Crypto Tidbits

  • Bakkt Successfully Launches Bitcoin Futures: This week, Bakkt finally rolled out its physically-deliverable Bitcoin futures contracts — marking a massive step forward in the financialization of this market. Unfortunately, the product didn’t get much traction from the get-go, with its first trading session seeing less than $1 million in volume. Due to this, many traders flipped bearish, bashing Bakkt for its inability to immediately draw in the “institutional herd”. It is believed that the pessimism around the exchange is what contributed to the sell-off earlier this week.
  • Facebook CEO Zuckerberg Doesn’t Commit to 2020 Launch: Over the past few weeks, executives of the Libra Association and Facebook have claimed that the cryptocurrency will launch by 2020. Despite this, Facebook’s CEO, Mark Zuckerberg, said to the Nikkei Asian Review that he isn’t exactly too sure about that launch date, citing regulatory concerns.
  • Bitcoin Hash Rate Falls Off Cliff, Then Shoots to New Heights: At the start of this week, Bitcoin’s hash rate metric suddenly fell off a cliff, falling from near 100 exahashes per second to 67. Investors were quick to express their concerns on online forums. Cornell University professor Emin Gün Sirer noted that this trend looks “very unhealthy”, before going on to bash the seeming shortcomings of Bitcoin’s Proof of Work system and its relation to exchange security. But, data readings from Blockchain.com shows that Bitcoin is now doing fine. It’s doing so fine, in fact, that the data provider estimates that Bitcoin’s hash rate has breached 100 exahashes per second for the next time, hitting 108.5 exahashes per second on September 26th.
  • Venezuelan Government Doubles Down on Crypto: According to four Bloomberg sources with “direct knowledge of the matter”, Venezuela’s central bank is purportedly looking to see if it can logistically and legally hold cryptocurrencies. A state-run enterprise, Petroleos de Venezuela SA, is trying to get the central bank to use Bitcoin and Ethereum for certain financial transactions.
  • Fintech Firm SoFi Adds Cryptocurrency Trading: Fintech startup SoFi has revealed that it will be allowing its clients to trade Bitcoin, Ethereum, and Litecoin through an exchange platform meant to launch next Tuesday. SoFi joins Robinhood and Cash App as one of the few Silicon Valley-based fintech giants offering Bitcoin and cryptocurrency services to their retail audience.
  • German Finance Giant Boerse Stuttgart Launches Bitcoin Platform: In similar news, Boerse Stuttgart, Germany’s second-largest stock exchange, opened a crypto asset trading platform earlier this week. CEO Dr. Dirk Sturz has said that he believes that blockchain-based assets will continue to be a growing market, hence the need for this new platform, Boerse Stuttgart Digital Exchange.
  • France Sees Bitcoin Adoption Event: According to a French trade publication, support for Bitcoin payments will be launched at over 25,000 stores by early 2020. The stores accepting BTC will include Sephora, the cosmetics giant, and athletics clothing brand Decathlon.
  • IBM Open to Working With Libra: Speaking to CNBC on Monday, Jason Kelley, IBM’s general manager of blockchain services, said that the firm is open to “work with Facebook” as “blockchain is a team sport”. Kelley argued that Libra is bringing legitimacy to blockchain technologies. Importantly, this doesn’t mean that IBM is looking to become a member of the Libra Association.
Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Top crypto analist: het ideale Dogecoin koopmoment voor kans op 200% rally

Top crypto analist: het ideale Dogecoin koopmoment voor kans op 200% rally

Een top crypto analist heeft op Tradingview zijn licht laten schijnen op de Dogecoin koers. Volgens SwallowAcademy kunnen we binnenkort...

Lars Diederiksen 6 hours ago
Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight

Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight

Ethereum is trading just above the $2,500 mark following days of volatility, choppy price action, and uncertainty across crypto markets....

Sebastian Villafuerte 5 hours ago
Bitcoin

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Bitcoin has held steady around the $108,000 price level in recent days. After bouncing back from a brief pullback near...

Scott Matherson 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin’s True Value Is Higher Than $110,000, Expert Warns

Christian Encila 43 minutes ago
Bitcoin

Bitcoin Consolidation Continues: 2 Key Support Levels To Watch

Semilore Faleti 2 hours ago
DOGE

DOGE Bulls Hold The Line At $0.15 — Is The Rally Still Alive?

Semilore Faleti 4 hours ago

Premium Sponsors

Press Releases

  • Cryptocurrency is the best way to get rich quickly, easily...

    11 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    18 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    22 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    22 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.