A judge in the Seoul Central District Court today announced a ruling regarding a lawsuit filed by three users of Bithumb Korea who claimed $126,000 and $38,000 for damages citing data leaks during a 2017 Bithumb hack. The ruling is said to hold Bithumb partially liable for the damages claimed by the users. Local news...Read More
The Bitcoin (BTC) price dip seen on Thursday has triggered a cascade of forced liquidation on derivatives exchanges like BitMEX and Bitfninex. U.S. stocks have also taken a beating, with the markets experiencing its worst performance since June. Bitcoin Long Bloodbath as BTC Price Falls to $10,700 According to data from the crypto derivatives analytics...Read More
The cryptocurrency market is well-versed with the subject of volatility. Such volatility has not only helped many a crypto-asset break out of its sideways movement on the charts, but the same has also precipitated sudden sell-offs. Traders often use volatility in their favor to hedge against potential risks in the market, while avoiding unexpected price...Read More
Coinbase, the San Francisco based cryptocurrency exchange announced in a blog today that it has now “temporarily” listed Celo under the CGLD ticker symbol, which is also available on the iOS and Android apps of the exchange. Celo (CGLD) is launching at https://t.co/u9kzBrgZWx and in the iOS and Android apps within the next 15 minutes....Read More
Decentralization has been the key differentiator between the world of cryptocurrencies and that of traditional finance. However, over the past decade, as cryptocurrencies like Bitcoin grew in popularity and more products were introduced, crypto-exchanges were the ones to cement their position as the industry’s most dominant entities. Interestingly, with the monumental growth of the DeFi...Read More
Cryptocurrency lending platform, BlockFi announced on twitter today that the startup received its Money Transmitter License (MTL) which now allows BlockFi to enable its users to transfer funds from their bank or crypto wallets. The tweet further said that the platform will make stablecoin trading and wires available to New Jersey residents. We’re excited to...Read More
Starting today, Coinbase supports Celo (CGLD) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store CGLD. CGLD is available in all Coinbase-supported regions. Coinbase is listing Celo under the CGLD ticker symbol. This is temporary and does not affect the asset or participation...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the long-term Tezos market and its impact on the price Tezos [XTZ] was among the market’s best-performing assets in 2019. It has continued to do so in 2020, with the digital asset noting YTD returns of over 110%, at the time of writing. However,...Read More
In a panel discussion with the Brooking Institution, Governor of the Bank of England, Andrew Bailey said that stablecoins, Bitcoin, and other cryptocurrencies are difficult and unsuitable for the public to use for traditional payments as he believed that the majority of the retail public still does not understand the usage of digital currencies. According...Read More
Bitcoin may have been confined to certain price levels, forcing it to endure quite a bit of sideways movement, over the past few months. However, parallelly, the DeFi space has registered a major boom. The growth of DeFi this year has also raised questions about the sustainability of the platform it is based on –...Read More
Bitcoin has dramatically extended its losses today, as prices slide a further $1,000 in under 24 hours. Yesterday, we observed how the leading asset was recovering along with the $11,400 and expected it would push sideways before another big move arrived. Looking at the 4-Hour chart, we can see it did exactly that. Until the...Read More
Companies and individuals in Switzerland can now pay taxes up to 100,000 Swiss francs (about $110,000) paid in Bitcoin or Ether. Authorities in Switzerland announced today that it planned to accept premier cryptocurrencies Bitcoin (BTC) and Ether (ETH) for tax payments from February 2021 onwards, according to a report from the Associated Press. The decision...Read More
Zug, a canton in Switzerland, will be the first canton to start accepting cryptocurrency for tax payment purposes starting from February 2021. Zug Canton Partners with Bitcoin Suisse for Crypto Tax Payment According to an announcement by the canton on Zug on Thursday (September 3, 2020), taxpayers in the canton will have the option of...Read More
Never heard of UNIRIS? Yet, this young startup born in 2017, founded by cyber-security and finance specialists, got into Blockchain very early on… and just launched its UCO token on Zebitex.com, Probit.com, and Blockchain.io! Why should you keep an eye on the project? We’ll explain it all to you! Your identity under high protection UNIRIS,...Read More
Chainlink suffered a steep 9% price drop over the past 24 hours, completing a 35% descent from its all-time high reached on August 16 at around $20. Against Bitcoin, LINK is also on the decline as the buyers attempt to defend the 0.00119 BTC support level today. LINK/USD – Bearish Momentum Starts To Increase Key...Read More
In retrospect, LINK seems to have topped at $21. Since touching the aforementioned price point, LINK has slowly but surely headed down the charts, with the same valued at $14.56, at the time of writing. In fact, Chainlink’s market cap has fallen by ~$500 million in the last 24 hours alone. At the time of...Read More
Ethereum has been carrying the burden of weak, yet vital, fundamentals for the majority of August. With its value performing exceptionally in the market, most people are overlooking the fact that this was largely possible only due to the involvement of DeFi, and not ETH interest or adoption. Santiment’s latest tweets, however, have re-stated a...Read More
The market value of most cryptocurrencies in the market got slashed when selling pressure increased across Bitcoin’s market. Due to the resultant price swing that followed, most of the market’s altcoins were trading in red, at press time. Cardano [ADA] Source: ADA/USD on TradingView During a recent AMA, Charles Hoskinson, the CEO of IOHK, discussed...Read More
It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along. Bitcoin Plummets Below $11K It’s safe to say...Read More
Binance’s monthly trading report for August was just released. Data from the report points to striking growth trends in the world’s largest cryptocurrency exchange. However, the key takeaway that stood out was open interest touching the $1 billion mark for the first time since the launch of Binance’s crypto futures trading platform. Crypto Futures Open...Read More
Disclaimer: The findings of the following article should not be taken as investment advice, with the same deduced based on the immediate price activity of Bitcoin amidst strong bearish pressure in the market Between 25 August and 2 September, Bitcoin managed to re-test its support level at $11,150 thrice, with the resistance level at $12,000...Read More
All the following coins, XRP, Cosmos, and Maker, had a bullish outlook, with a 5-15% surge incoming. This could be due to the recent crash in Bitcoin’s price, crash that pulled down its value from $11,800 to $11,100. XRP Source: XRPUSD on TradingView XRP has been trending lower after hitting a temporary peak at $0.3255....Read More
After starting the month of September around the $12k mark, Bitcoin experienced a sharp correction today that crashed it to lows of nearly $1,160 in a matter of hours, erasing the gains of almost five days. Admittedly, a nervousness during the correction was to be expected as several traders adapted their strategies to this sharp...Read More
Disclaimer: The findings of the following article should not be taken as investment advice, with the same deduced based on the current volatility in the Bitcoin Cash market With the collective market indecisive with respect to opting for a market trend, altcoins in the middle seem to be enduring a lot of the collateral damage....Read More
Since the start of the month, Bitcoin along with many of the market’s altcoins, has seen its fortunes take a turn for the worse. While Bitcoin continued to stay above the key $11k-mark, altcoins such as Polkadot lost close to 5 percent of its trading value yesterday. The drop, however, was not uniform across the...Read More
Twitter continues to experience technical issues trying to protect high-profile accounts as the social media giant has confirmed another hack. This time, it involved India’s Prime Minister Narendra Modi. Upon taking over the account, the perpetrators had requested donations in Bitcoin and other cryptocurrencies. Twitter Hacks – The Indian Edition Less than two months ago,...Read More
The latest two DeFi protocols to pump and dump worthless tokens have been Hotdog and Pizza as the food meme trend continues. They are essentially clones of other defi platforms, some of which are clones themselves. The latest is a Uniswap clone called Hotdog that, just like SushiSwap, promised better APYs and shares in governance...Read More
Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily. Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines). Polkadot becomes the top 5 cryptocurrency, enjoying...Read More
Being one of the most powerful men in the world offers no immunity from the tricks and wits of scamsters. This was evidenced a few hours ago after the Twitter account of Indian Prime Minister Narendra Modi’s website was hacked by “John Wick,” a few weeks after a wider attack was orchestrated against the likes...Read More
