Cryptocurrency exchange, Coinbase announced in a blog today that it now offers “instant” withdrawals feature to its customers in nearly 40 countries including the US, UK, and more across Europe. While some users welcomed the move other coinbase traders complained about the platform’s high transaction fees. In fact, in the U.S., Coinbase deducts 1.5% from...Read More
Markets today experienced a day of persisting September selling pressure, after going through a short breather of some bullish sentiment yesterday. Following Bitcoin’s 24 -hour price dump from $10,900 levels to almost $ 10,400; Litecoin, Cosmos, and Dash also appeared to be highly bearish, with all three alts trading in red zones at press time....Read More
Romania’s National Agency for the Management of Seized Assets (ANABI) announced today that it would begin auctioning off bitcoin and ether, that were confiscated as part of an undisclosed fraud case. The starting price for 0.97 ETH is 1670 Romanian Lei ($ 401) and for 0.6 BTC – 30,535 lei ($ 7347). A local news...Read More
Since President Xi Jinping’s announcement last year to prioritize blockchain development in China, the country has been the first to launch its CBDC, created the BSN network, and applied for a record 4,435 blockchain patents. While these seem like big strides forward towards adoption, there is still a ban in place on trading cryptocurrency. The...Read More
The altcoin market has seen its fair share of ups and downs in the past week. In the past 24-hours Bitcoin’s price fell by over 3 percent and its impact has spilled over into the price action of coins like Polkadot and Monero which registered up to a 14 percent drop in the past day’s...Read More
Dash, one of the largest cryptocurrencies by market capitalization focused on instant transactions and micro-fees, and Secure Digital Markets (SDM), a globally focused digital asset trading platform for institutions that have completed over $2 billion in Over-the-Counter (OTC) digital asset trading, have partnered on a Dash currency focused OTC desk that caters to institutional holders...Read More
Prominent cryptocurrency exchange Bitfinex announced the listing of yearn.finance [YFI] on 2 October. Although a bit late in the race of listing the governance token, Bitfinex noted that the deposits were now open, while trading and withdrawals for the same will commence on 3 October at 10:00 AM UTC. YFI on the exchange can be...Read More
For Bitcoin SV, a quick turnaround above $165 has turned into a sad drop under $160 yet again. Possibly due to the high correlation with Bitcoin and its price drop due to the BitMEX mess, BSV suffered the recent decline. However, the analysis suggested that the markets were also identifying tell-tale signs of a fallout...Read More
To say that a lot has happened over the past seven days would be an understatement. Starting off with Bitcoin’s price, it’s currently trading at around $10,500, down $150 over the week. Everything was going relatively well for BTC. It peaked above $10,900, giving many people hopes that we will finally see a breach above...Read More
Bitcoin mining is a fairly simple activity from a first-principles economics pov. All other activity in the network is complementary and based on this principle and if Bitcoin had no one but its community of miners, it’d still survive. However, mining is misinterpreted by most. Hashrate influences price or hash follows price. Neither of these...Read More
Cryptocurrency exchange Coinbase UK will disclose customer data to the HMRC (or Her Majesty’s Revenue and Customs) which is the UK’s tax authority, in response to the British tax authority’s legal notice, according to a crypto tax alert published on twitter. 🚨 UK Crypto Twitter: Coinbase is providing information about your accounts to the HMRC. This...Read More
Bitcoin futures open interest on CME has dropped following the drop in spot prices across exchanges. However, the drop started on September 15, with a recovery last week, and it has continued. Though open interest and trading volume on derivatives exchanges doesn’t have a direct impact on the price, it has an impact on institutional...Read More
The much-anticipated digital Euro is in the news again as a member of the Executive Board of the European Central Bank, Fabio Panetta, announced in a blog today that Europe “must prepare to introduce a digital euro to complement its cash payments.” Acceptance of a digital euro by the public is crucial, writes Executive Board...Read More
By: Eddie Lo, Product Manager One of the defining characteristics of crypto is that it can be transacted instantly, anywhere, anytime. However, when customers want to sell their crypto assets and withdraw cash from their accounts, the traditional banking system can make the process take up to several days. Starting today, Coinbase offers instant withdrawals...Read More
Bitcoin Over the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October. Unfortunately, Bitcoin...Read More
As the collective digital asset industry stepped into Q4 2020 with a bearish tune, Binance Coin suffered quite a significant drop. With the price consolidating near $30 on 30th September, a quick turnaround led to a decline to $25.8. While over the past few hours, BNB has bounced back to $26.46, the volatility in the...Read More
The Bitcoin market witnessed a strong blow as the BitMEX’s co-founders were charged with money laundering violations among other charges by the Commodity Futures Trading Commission [CFTC]. While in a separate indictment, the U.S. Attorney filed a criminal action against its owners Arthur Hayes, Ben Delo, and Samuel Reed. Although the owners maintained their stance...Read More
It pays to be a miner and process cryptocurrency transactions on a proof-of-work blockchain. The Ethereum miners know this especially well as they made a record $166 million last month from transaction fees. Bitcoin miners, however, could barely manage to scoop up $26 million. Ethereum Miners Made 6X More Money Than Bitcoin Miners in Sept...Read More
After witnessing buying sentiment as Q4 commenced, the bullish trend had suddenly become uncertain reversing the tide for several altcoins. Bitcoin Cash lost almost 4 % of its valuation since yesterday, signaling the short term period trended lower than the long term. While for IOTA and XTZ the effect of the crypto market bloodbath was more...Read More
Bitcoin’s price continues to tumble in response to yesterday’s breaking news that the United States Commodity and Futures Commission (CTFC) and the Federal Bureau of Investigation (FBI) have both decided to take legal action against leading Bitcoin derivatives exchange, BitMEX. $18 billion has been wiped out from the global crypto market since the announcement, and over...Read More
Recent data revealed that cryptocurrency traders had withdrawn the first batch of 23,200 BTC (worth over $240 million) from BitMEX in the initial hours following yesterday’s developments. This substantial amount represented about 13% of all bitcoins held on the popular Bitcoin derivatives exchange. The Glassnode data indicated that this is the “largest hourly BTC outflow...Read More
The principal of a cryptocurrency escrow company, Jon Barry Thompson, has pled guilty in Manhattan federal court to commodities fraud. In 2018, he took over $3 million from one company and failed to deliver bitcoins worth that amount. Crypto Fraudster Pleads Guilty Thompson served as the director of Volantis Escrow Platform LLC and Volantis Market...Read More
Disclaimer: The following article attempts to analyze the impact of emerging patterns on the Ethereum short-term market and its price. The cryptocurrency market saw a sudden shakeup in terms of price on 1 October as the Commodity Futures Trading Commission [CFTC] and the Department of Justice charged BitMEX co-founders for violating regulations. Although BitMEX denied...Read More
Yesterday, the United States Commodity Futures Trading Commissions (CFTC) filed charges against BitMEX and its executive team, pressing both criminal and civil allegations. Its CTO, Samuel Reed, was arrested. The platform’s CEO, Arthur Hayes, and its cofounder Ben Melo are still under the radar. The news spread quickly throughout Crypto Twitter, and of course, the...Read More
[Featured content] Cryptocurrency trading is becoming increasingly popular, and there are plenty of reports backing this up. As CryptoPotato most recently reported, the volume for cryptocurrency derivatives trading reached a new monthly all-time high in May, clocking at upwards of $600 billion. With this in mind, it’s no wonder that users are looking for new...Read More
October is off to an interesting start, as news of charges against BitMEX by the CFTC and DOJ come to light – with the arrest of Arthur Hayes and three co-owners of the BitMEX exchange. The exchange that handles over $1.5 billion of trades each day, has been charged by the CFTC for operating an...Read More
Following a positive Covid-19 test result from one of Donald Trump’s closest aides, the POTUS himself took the test which produced the same result for him and the First Lady. He tweeted the news a couple of hours ago. Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process...Read More
Guarda Crypto Wallet is a multi-cryptocurrency wallet available on a bunch of platforms- you can use the wallet on Web, Desktop (macOS, Windows, Linux), Chrome Extension, and Mobile (IOS and Android) versions. The coins that Guarda supports include the most popular and promising ones like Bitcoin(BTC), Ethereum(ETH), TRON(TRX), Monero(XMR), Dash, and much more. You can...Read More
Bitcoin was riding high around $10,900 before dumping below $10,500 following the controversial BitMEX news from yesterday. Most alts have copied the move downwards, resulting in a $15 billion loss for the market cap. Bitcoin Tumbles On BitMEX News As CryptoPotato reported yesterday, the US Commodity and Futures Trading Commission charged the owners of one...Read More
