Well, Bitcoin (BTC) decided to take the bearish path, or maybe larger players that shape the market made the choice for it. The ascension from the narrowing pennant proved to be a fakeout and a tweezer top at $10,278 was followed by a sharp reversal all the way to the bottom of the larger bull...Read More
Bitcoin (BTC) has been absolutely hammered over the past two days. In fact, some 36 hours ago, it was trading at $10,200; now, the cryptocurrency is sitting snug at $9,500.Related Reading: Altcoin Market Is Failing to Produce Utility, Only Bitcoin Can Become MoneyThis dramatic sell-off, which comes after the cryptocurrency traded in the low-$10,000s for...Read More
A top United Nations (UN) official said cryptocurrencies are making international efforts to combat terrorist financing, money laundering and cyber-crime “exceptionally difficult.” Neil Walsh, chief of the Cybercrime and Anti-Money Laundering arm of the UN’s Office on Drugs and Crime, said that the anonymizing and pseudo-anonymizing attributes of cryptocurrencies provide a “new layer of secrecy...Read More
Bitcoin’s recent downtrend has led many altcoins to plummet lower, with Ethereum (ETH) crashing a whopping 10% over the past 24-hours, a movement that has led it to break below a key support level.Because of ETH’s bearish price action as of late, some analysts are expecting it to drop significantly lower in the coming days...Read More
According to local media news reports, police officers in the customs department of China’s northeastern province, Jilin, have recently stopped a cross-border deal involving drugs paid for by using Bitcoin. According to the customs officers, buying drugs with cryptocurrencies has become a new trend and poses many difficulties to Chinese law enforcement agencies. On 16...Read More
The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come...Read More
Criminals are still drawn to Bitcoin. The world’s leading cryptocurrency lacks anonymity and privacy. Even so, it is often used as a tool to hide monetary transactions. The first six months of 2019 have been rather telling in this regard. Over $4bn worth of Bitcoin has been stolen from investors during this period alone. Criminals...Read More
Cutting through the squiggly lines of technical analysis, here are three very simple reasons why you should NOT be buying any Bitcoin in the short term. | Source: Shutterstock Bitcoin’s recent drop below $10,000 split an already fractured cryptocurrency community into two distinct camps. On one side are the optimists who believe Bitcoin’s drop to...Read More
A year after China banned local fiat on-ramps for crypto exchanges, Chinese traders continue to drive the market forward by using the dollar-pegged stablecoin tether (USDT). “Crypto trading businesses are restricted from accessing banking services in China, but they are thriving nonetheless,” Dragonfly Capital Partners co-founder Alexander Pack told CoinDesk. Traders generally work around such...Read More
Much of the crypto market may have flipped sentiment to being bearish on Bitcoin after yesterday’s dump that bled out over $20 billion from the total crypto market cap.The post appeared first on NewsBTCRead More
The motive behind the development of a central bank digital currency (CBDC) by the People’s Bank of China which is also known as the Central Bank of China, is currently under investigation by analysts from Binance Research. If the cryptocurrency is created, it will make China the first major country in the world to issue...Read More
Grayscale Investments, a cryptocurrency asset manager reported its Assets under management [AUM] tripling from $926 million to a whopping $2.7 billion, in its Q2 report. Grayscale products like Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund reported 178.8% and 147.6%, respectively in returns, this quarter. Source: Grayscale Investments The company noted a strong quarter...Read More
Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019. Cryptojacking on the rise McAfee Labs posted their report on the company’s website on Aug. 28. According to the report, crypto jacking — installing and running a cryptocurrency miner without user...Read More
Ethereum has recently traced a dip near $166, rebound on the way ETH has broken a few major support levels since yesterday including $180, $175 and recently $170 The short term SMA line has recently climbed above the long term SMA line, gives a positive sign Technical indicators paint a bullish picture, as the price...Read More
After breaking below $10,000 yesterday, Bitcoin has faced a significant influx of selling pressure that has sent its price reeling down towards the lower-$9,000 region. This sell-off has drastically altered the overall market sentiment and came shortly after BTC made a failed attempt to surge towards $11,000.Some major Bitcoin bulls are still expressing confidence that...Read More
The Ethereum issuance of Tether (USDT) is quickly becoming the most utilized version of the stablecoin – and pushing Bitcoin and Omni out of the game. | Source: Shutterstock Tether (USDT) transactions on the Bitcoin blockchain are losing ground to Ethereum at an ever-increasing rate. Ever since the Tether stablecoin was issued on Ethereum in...Read More
PNC Financial Services Group, Inc, a Pittsburgh, Pennsylvania-based bank holding corporation has successfully processed its first cross-border payments for clients’ using Ripple’s blockchain solution, RippleNet, according to a Fintech Futures report on August 29, 2019. PNC Joins DLT Bandwagon Per sources close to the development, PNC Treasury Management has become the first U.S. bank to...Read More
Litecoin’s hash rate continued to plummet as it entered the third week after its halving on August 5th. According to the popular cryptocurrency stats website, BitInfoCharts, Litecoin’s hash rate on 28th August was 331.4 TH/s, a decline of 33.3% from a hash rate of 458.3 TH/s on the day of halving. In the words of...Read More
Pantera CEO, Dan Morehead, highlighted 4 upcoming projects to research blockchain scalability and interoperability in their newsletter. They aim to spark further adoption and use-cases of blockchain technology. Progress in blockchain technology is often taken for granted, while developers work every day toward removing bottlenecks holding back mass adoption and scalability. Using decentralization against legacy...Read More
Yesterday’s crypto market carnage saw over $20 billion in USD value wiped out from the total crypto market capitalization. The dump affected nearly all crypto assets, including Ethereum, EOS, and Litecoin – even Bitcoin, which has maintained support despite altcoins collapsing around it.The post appeared first on NewsBTCRead More
A code vulnerability that could have forced computer shutdowns was found on Tuesday in the second most popular ethereum client. Parity connects over 3,000 computer servers around the globe to the ethereum blockchain network. On Thursday, Parity Technologies, the startup responsible for building and maintaining the ethereum client, released updated code to fix the bug. Only...Read More
The bear pressure continues to turn support levels in impenetrable fortresses. XRP/USD changing hands at $0.2520 following a 1.57% loss on the day. Ripple’s performance has not been impressive in the past couple of months. The bear pressure continues to turn support levels in impenetrable fortresses. The recent dive to levels close to $0.24 almost...Read More
A new research report from crypto exchange Binance says China’s digital currency will most likely be a two-tiered system replacing notes and coins in circulation. The report, issued yesterday, claims the People’s Bank of China (PBOC) central bank digital currency (CBDC) will be backed 1:1 by renminbi fiat as well as follow a two-tiered structured...Read More
Totle, a solution for accessing the crypto decentralized exchange (DEX) market, has announced new important upgrades to the Totle Swap application. By using smart-order-routing technology, Totle automatically finds and acquires the best price across DEXs for ERC-20 swaps. Read below for more information on the enhancements: Swaps are Ranked Totle now ranks the quality of...Read More
Recently, the crypto market fear and greed index hit its lowest point in history, despite Bitcoin price trading above $10,000 and at that point had yet to break down. The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate.While even altcoins did...Read More
Investors have swung wildly between risk-on and risk-off postures, as Sino-U.S. trade tensions rise and fall. While crypto-volatility is still too strong for most investors to stomach, there could be a more reliable refuge for investor value. At present, equities-averse money has very few places left to go.The Swiss National Bank recently intervened to dampen...Read More
TRONSCAN, a blockchain browser for TRON community announced its support for the Sun-network, where it would be developing a block explorer for the Sun Network’s Dapp chain. The block explorer will be integrated into the TRONSCAN according to the latest TRON weekly report posted by TRON Japan. Check out the weekly report made by @TRON_JPN...Read More
Hut 8, one of the largest public Bitcoin mining farms by operating capacity, has released its financial report for the second quarter of 2019. The mining firm recorded a tremendous surge in its net profit and overall revenue for Q2, with the net profit for the firm reaching $33.7 million Candian dollars while the overall...Read More
The bitcoin price suffered a painful crash this week, but bulls shouldn’t imagine the worst is over. This dump isn’t finished – not even close. | Source: Shutterstock By CCN Markets: The bitcoin price suffered a massive setback on August 28th, crashing through support at $10,000 before testing the low $9,000s. We warned that this...Read More
