Crypto News | Bitcoin rose 22 percent

We’ll begin our today’s crypto news review with some good news for all Bitcoin holders. As you know, a fall of the prices of cryptocurrencies occurred in the last couple of days, but it seems that the situation is getting stabile once again, at least when it comes to the biggest cryptocurrency. Bitcoin rose 22 percent in 24 hours and its current price is $8.146, 81. Analysts don’t completely agree on the reasons of this rise, but they agree that it might have to do with the U.S. Senate’s approach to regulating bitcoin which was discussed yesterday. Also, bitcoin probably pulled other cryptocurrencies as well: Ethereum rose 27 percent and Ripple 19 percent, just to mention some. Bitcoin rose 22 percent, and other cryptocurrencies rose as well, but their week-on-week performance is still negative.

Besides that, we bring you some interesting information on Ethereum. It looks like Ethereum users are continuing to lose money due to human error, hacks and faulty code. Ethereum has been having this type of problems for quite some time now. For example, startup Parity lost 513,000 Ether last year. But Ethereum’s developers made a document in order to implement system upgrades in order to protect users’ funds.

As for the other news, we bring you some information on U.S. solar industry.  The industry lost nearly 10,000 jobs last year and this represents a fall of 3.8 percent. The report of The Solar Foundation blames it on a drop in utility-scale solar installations and on some discussions about tariffs. Two years ago U.S. solar installations made a major break due to a federal tax credit. Also, according to some predictions, it’s expected that solar employment will grow next year. President Donald Trump imposed 30 percent tariffs, so this might help also solar industry to recover. The last piece of today’s news has to do with Apple that will accept Alipay, Chinese payment app, in its local stores, in order to upgrade its relation with Alibaba Group Holding Ltd.


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Author: Max Rothstein

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