The US Department of Justice (DOJ) arrested a Houston resident for allegedly fraudulently accessing over $1.1 million of Paycheck Protection Program (PPP) loans and using it to buy cryptocurrency. The Suspect Took PPP Loans on Behalf of 2 Companies On Tuesday, Times Record News reported that Joshua Thomas Argires, 29, was taken into custody by...Read More
Among Bitcoin, altcoins and shitcoins, something fundamentally changed for the latter. While altcoins soared through the figurative roof, Bitcoin is still strutting with little or no volatility. As for the shitcoins, this mysterious change took place exactly 17 days ago, when altcoins, shitcoins, mid-cap perps [perpetual contract], all started surging. This sudden surge was meteoric...Read More
Cardano found support slightly above $0.12 after losing 8% in two days. Despite the bearishness, it remained bullish on a short-term perspective. ADA/USD: Cardano Trapped Inside A Triangle Key Resistance Levels: $0.133, $0.14, $0.16 Key Support Levels: $0.121, $0.11, $0.1 ADA/USD. Source: TradingView Cardano’s price has dropped by almost 6% following the last 24-hours decrease...Read More
The world economies are facing a tough time due to the impacts of COVID-19. According to the International Monetary Fund [IMF], the global economy is expected to fall by over 3% in 2020. With the financial crisis crippling countries around the world, global remittances are projected to decline sharply by almost 20% in 2020 by...Read More
The crypto market has been witnessing consecutive spurts of rising and falling prices. As the Bitcoin market noted a similar rise and fall on 12 July, which was imitated by the altcoin market too. Source: CoinStats However, the BTC price once again was pushed down to $9.2k level and registered a 24-hour trading volume of...Read More
Disclaimer: The following price prediction should materialize over the next two weeks. On May 28th, when Ethereum surged by 8.75 percent, the 2nd largest digital asset breached above the resistance of $226. Now over the past five weeks, the asset has been able to maintain consolidation between $227 and $250 albeit a minor decline on...Read More
If you’ve been paying attention to Bitcoin’s chart against the US Dollar lately, you will have probably noticed how low BTC/USD trading volatility has been over the last three months. In fact, the leading cryptocurrency has been trading in a tight range of 3±% since June 2. This, coupled with the fact that the Bollinger...Read More
Cryptocurrency exchange Huobi Global revealed plans to launch Bitcoin Options. The plan for this launch comes at a time when Bitcoin has been coiling-up and in an extended bear market, awaiting a bull run. Huobi Global’s entry into Bitcoin Options isn’t a surprise especially considering how successful its Futures were. At press time Huobi’s 24-hour...Read More
There has been very little action on crypto markets over the past 24 hours. The majority of high cap coins are cooling off again following minor movements over the weekend. Bitcoin is no exception, remaining range-bound as the tedium continues. BTC managed to top $9,300 again a few hours ago but has since declined back...Read More
Disclaimer: The following article tries to analyze the short-term price patterns of XRP The cryptocurrency market has been having a tough time in a consolidating phase. However, one major crypto has been stuck at a low level for months now, XRP. The fourth-largest cryptocurrency according to the CoinMarketCap list, XRP has been stuck under $0.30...Read More
“Blockchain” refers to the name of its mechanism and technology. It is sometimes combined with Bitcoin (virtual currency) or used as a decentralized ledger, but it is different from Bitcoin and is not exactly a decentralized ledger. This will be described later. Feature 1: Autonomous management and zero downtime The blockchain is not a person...Read More
It is becoming increasingly difficult to justify an imminent bull run for Bitcoin based on market analysis. The largest digital asset has hardly budged from its consistent price of $9500-$8800 over the past couple of months but its fundamental metrics continued to remains bullish on its future. Source: Glassnode According to Glassnode’s recent weekly insights...Read More
According to a recent report, two promoters of the massive cryptocurrency scam OneCoin have been found killed in Mexico. One of them joined the infamous Ponzi scheme in 2017 and was particularly active in distributing misleading information and deceiving victims in the LATAM region. OneCoin Promoters Killed The report indicates that Mexican authorities found Oscar...Read More
Bitcoin inherits both its strengths and weaknesses, so Matsuo explains that understanding each technology is important for the development of Bitcoin and blockchain. Of these, let him introduce Mr. Matsuo’s story about game theory and encryption theory. Game theory turns the attacker into a miner. Bitcoin has a mechanism called mining. This is a mechanism...Read More
Cryptocurrencies have been attracting attention from industry, academia, and the general public. This paper focuses on Bitcoin as a precedent, and analyses the economic model of a virtual currency system that features transaction fees set by users. Bitcoin systems need a lot of “crowding” to grow their revenue and get the underlying capital, otherwise, they...Read More
After revealing its plans to enter the cryptocurrency debit card segment last week, Binance has officially debuted its Binance Card for users based in the United Kingdom and European countries, the blockchain behemoth told CryptoPotato on Tuesday. According to the release, the debit card allows holders to make crypto payments at more than 60 million...Read More
Ethereum saw a small 1.6% price drop today as the coin reached the $240 level. Earlier in the week, ETH hit the $250 level but was unable to overcome it, which caused it to fall to $240. Against Bitcoin, Ethereum has traded in a range between 0.026 BTC and 0.026 BTC this past week. ETH/USD:...Read More
If you read this article, it will mean you are interested in crypto trading and want to find legit services that can make your trading process easier. Every crypto trader knows that the crypto market consists of many scam services, and everyone wants to avoid them. Is it possible? Yes, if you know where you...Read More
Since Bitcoin began entering mainstream finance there was always anticipation around ‘when will the institutions arrive?’ Motivation was merely price-centered, and the logic for the same went something like this, when institutional investors arrive, they will bring in bags of cash waiting to be dumped into the Bitcoin market. This massive dump in the cryptocurrency...Read More
Following the announcement that BZRX token, the native cryptocurrency of DeFi project bZx, will be listed for trading on UniSwap decentralized exchange, reports suggest that a trader made more than half a million dollar within 30 minutes of trading the token. How It Happened On Monday evening, Security engineer Roman Storm took it to Twitter...Read More
Litecoin is now on the periphery of the top-10. Owing to the massive increase in the price of Cardano and LTC’s relative bearish movement to other competing coins like Binance Coin, it has now slipped to the 9th spot on the coin market, ahead of Crypto.com. Litecoin’s market capitalization is $2.81 billion, which has been...Read More
Ethereum-based cryptocurrency lending system, Compound (COMP), is on the verge of touching the $1 billion mark in crypto loans. This comes amidst total USD funds locked in Defi surpassing $2 billion. DeFi’s Most Popular Lending Token Hits the Billion Dollar Mark According to the official Compound website, the total valuation of borrowed crypto assets under...Read More
The price of bitcoin keeps rejecting higher heights as the top cryptocurrency fails at major support levels. Bitcoin is expected to attain a lower price altitude within the next few days if the sellers continue to pressure hard. In the long run, buyers stepping in to reverse an inbound bear market will have to conjure...Read More
The digital asset industry is currently nursing a bearish pullback as the total crypto market cap dropped from $272 billion to $264 billion. As a result, the majority of the crypto assets were affected in the space, and the coins continued spiraling downwards at the time of writing. Bitcoin SV [BSV] BSV/USD on Trading View...Read More
The third co-founder of the alleged cryptocurrency scam project Centra Tech, backed by celebrities such as Floyd Mayweather and DJ Khaled, is reportedly planning to plead guilty to duping investors into committing more than $25 million in its initial coin offering (ICO). The Third Centra Tech Inc’s Co-Founder Pleads Guilty According to the report from...Read More
Abra has come under fire from U.S. regulators for offering illegal swaps to U.S. retail investors. This sets an alarming tone for the decentralized finance field, which is currently booming. SEC and CFTC Fine Abra $300k According to a press release by the U.S. Securities and Exchange Commission (SEC) on Monday (July 13, 2020), Abra...Read More
