South-East Asia’s leading bank, DBS, referred to Ripple network as the cheapest way to send money across borders. One of the biggest Ripple communities on Twitter, @BankXRP, tweeted about the DBS acknowledgment on 21st Aug on its official handle. Treasury Prism is the online treasury and cash management simulation platform of DBS. The official website...Read More
Chinese crypto exchange Huobi has seen the highest number of withdrawals from the alleged crypto Ponzi scheme PlusToken to date, new research says. Chinese exchanges prevail New York-based blockchain infrastructure firm Elementus released a study on Aug. 23, claiming that the number of PlusToken withdrawals sent to Huobi exchange has accounted for nearly 50% so...Read More
The German-speaking world was highly active as far as crypto was concerned this past week. Among other stories, the German Federal Financial Supervisory Authority (BaFin) issued several items of interest to the crypto community, a new fund for blockchain startups launched in Hamburg and an Austrian crypto ATM service filed for bankruptcy following an armed...Read More
Some traders on the Poloniex owned crypto Margin trading platform lost a lot of money towards the end of May 2019, when the value of a less popular crypto asset —CLAM experienced an unexpected sharp crash. This led to the overall loss of approximately 1,800 Bitcoins (BTC). While trying to make things right for the...Read More
Nowadays, it seems everyone is bearish on Ethereum and its Ether token (ETH) except for Placeholder VC partner Chris Burniske, who, earlier this week, made the case for why he believes ETH/USD is a great long-term investment. According to Burniske, the oft-cited narrative that the implosion of the ICO market led to Ether losing its...Read More
Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies. In a post published on the firm’s blog on Aug. 22, Chainalysis announced the launch of alerts for suspicious cryptocurrency transactions in Chainalysis Know Your Transaction (KYT), the company’s real-time anti-money laundering compliance solution. The company also claims that...Read More
Ethereum and the aggregated crypto market has been closely tracking Bitcoin’s price action over the past week, which has resulted in a choppy trading session for ETH that has ultimately led it to drop back towards $185 – which remains a critical support level for the cryptocurrency.Although ETH is likely to find some support around...Read More
Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small saver,...Read More
Another week, another of Crypto Tidbits. Bitcoin saw a fairly tumultuous week.The cryptocurrency nearly hit $11,000 this week, before falling to $9,900 in a massive 8% sell-off that resulted in a Bitcoin Fear & Greed Index reading of 5 — “extreme fear”. Despite this crazy price action, Coin360 data suggests that BTC is ending the...Read More
The bitcoin price just did something it has NEVER done before, and it’s great news for bulls who view crypto as a stock market hedge. | Source: Shutterstock By CCN Markets: Bitcoin has been hawked as a safe haven asset for quite some time now, with bulls crediting the rising price of the cryptocurrency in...Read More
The Lightning Network has been subject to controversy since it’s rise to prominence in 2016. Championed as BTC’s solution to scaling, thousands of people in the Bitcoin community voiced their opinions on how it wouldn’t work. Now, nearly a year and a half later, it is still receiving criticism regarding its centralization, routing issues, and...Read More
According to a recent report, Breanne M. Madigan, the head of global institutional markets team at Ripple which recently formed a partnership with cross border payments giant MoneyGram has made it known that the partnership is already increasing the overall trading volume of XRP. She revealed new numbers from Cryptocompare which revealed that the volume...Read More
Crypto Loomdart (@loomdart) recently mocked Beastlorion (@Beastlyorion) for incessantly shilling Cardano (ADA) on Twitter. “Every time you do it dumps” — and indeed, it did. Twitter traders 9 times out of 10 can’t be trusted. This hold true with ‘crypto prophet’ Beastlorion (@Beastlyorion). Tweeting Cardano To Death Beastlorian gave another buy signal recently since “the...Read More
Facebook stock suffered a devastating investor exodus last year, but FB shares held the line and are now poised for a 25% surge. | Source: REUTERS / Dado Ruvic By CCN Markets: Facebook (FB) stock suffered a devastating 2018 amidst controversies that led to a mass investor exodus. In one particularly painful trading session, Facebook...Read More
Criminals often express their favoritism toward cryptocurrencies. The perceived privacy and anonymity associated with this payment method makes for an excellent tool. In the US, the Treasury is now targeting Chinese drug kingpins. More specifically, they are monitoring Bitcoin revenue streams. That form of payment has become all the more prominent as time went by....Read More
Bitcoin (BTC) has once again found itself caught in the throes of a choppy trading range that provided little clarity as to whether or not it will begin venturing into the four-figure price region, or if it will begin climbing until it retests its year-to-date highs of $13,800.This choppiness has been largely centered around a...Read More
Saturday, Aug. 24 — crypto markets continued to see red today as Bitcoin (BTC) has dipped below $10,000 price mark several times over the past 12 hours. Only two out of the top-20 coins by market cap are seeing gains over the past 24 hours at press time, including Cardano (ADA) and NEO (NEO), which...Read More
The value of Bitcoin recently dropped below $10,000 after President Donald Trump posted a critique of the cryptocurrency on Twitter. President Trump reports he is “not a fan” of cryptocurrency. What does this mean for Bitcoin-investors? What is Bitcoin? A cryptocurrency is a digital asset designed to work as a medium of exchange that uses...Read More
It’s no secret that XRP – the cryptocurrency that is closely associate to Ripple – has faced its fair share of hate over the past couple of years, but it now appears that some of the cryptocurrency’s largest fans are feeling disillusioned with it. The current climate surrounding XRP has largely been damaged by recent...Read More
The United States Federal Trade Commission (FTC) has settled charges it filed in 2018 against an alleged crypto pyramid scheme involving four individuals. Terms of settlement According to an official statement on Aug. 22, the regulator permanently banned the defendants from multi-level marketing and misrepresenting investment opportunities and charged a total of over $500,000 as...Read More
Governor of the Bank of England Mark Carney put forward the idea of replacing the U.S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and...Read More
Once again, Bitcoin (BTC) has stagnated, finding a foothold around $10,000 for the umpteenth time in a matter of weeks. While this is a positive development, especially considering the bearish momentum seen last week, there remains some expecting for the cryptocurrency market to continue lower.As reported by NewsBTC, one prominent crypto analyst suggested that Bitcoin...Read More
Bitcoin bull and IRS fugitive John McAfee is shamelessly shilling a Chinese zombie ICO, and he doesn’t want to hear any lip about it. | Source: John McAfee/Twitter (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Bitcoin bull and IRS fugitive John McAfee is shamelessly shilling a Chinese zombie cryptocurrency ICO — and...Read More
The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and illicit activities,...Read More
Facebook’s Libra project is getting a lot of flack. The happy-go-lucky attitude associated with this project continues to raise eyebrows. Despite some major critiques, the concept still holds merit to some. The Bank of England’s Mark Corney wants to see the US Dollar replaced. In fact, he claims the Libra – or its reserve currency...Read More
Josh Gnaizda is the founder of Crypto Fund Research. The opinions expressed here are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter for institutional investors focused on crypto assets. You can sign up here. It’s one of the worst-kept secrets in the alternative investment industry: net of fees, hedge funds struggle...Read More
As many of our readers probably know, Cointelegraph has a number of non-English branches, each covering news from different parts of the world. In pursuit of the most complete and detailed picture of the global cryptocurrency industry, we present a series of weekly compilations of the freshest original articles from our colleagues, starting with Cointelegraph...Read More
