In its research on central bank digital currencies or CBDCs, United States Federal Reserve published a new review on 9 November exploring the potential impact of a digital dollar on commercial banking and monetary policy. Titled “Central Bank Digital Currency: A Literature Review,” the report highlights how the central bank can use CBDC as a...Read More
A PayPal related cryptocurrency scam caught the attention of Northumbria Police who issued a warning today especially to all PayPal users. In its notice, the police warned: A message for all PayPal users. Please read the below cyber advice regarding fake cryptocurrency from a fake Paypal email address that is circulating. The police urged those...Read More
It’s another bigshot score on the store of value front for Bitcoin. Billionaire hedge fund investor Stanley Druckenmiller just admitted holding BTC on national television in an interview with CNBC. The bigshot money manager also has positions in gold, but he is considerably bullish on the world’s first cryptocurrency. “If the gold bet works, the...Read More
ETH Futures trade volume was up by 38% in 2 days, at the time of writing, according to Skew’s charts. Not just the trade volume, but even the Open Interest was up by 8% based on Skew’s charts. On spot exchanges, the trade volume dropped by nearly 25%, but on derivatives exchanges, it climbed up....Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice In a previous article, Ethereum’s make or break moment was explained as the cryptocurrency’s price nearly broke out of the massive bearish pattern. Since then, a lot has changed for Ethereum and this article...Read More
ETC Group’s Bitcoin exchange-traded crypto has become the first cryptocurrency exchange-traded product (ETP) that boasts $100 million in assets under management since its launch in late June, according to ETF Stream. CEO of ETC Group, Bradley Duke, said that by reaching the $100m AUM milestone in just over four months, the Group feels that the...Read More
A Dutch drug dealer of Columbian descent is reportedly arrested in Spain. In an international operation, the trafficker was caught in his villa in Marbella, Malaga, while police found multiple luxurious items, cars, and cash. He was allegedly suspected of laundering about 6 million euros in cryptocurrency. Partnering With Top Interpol Fugitive As per an official...Read More
The most recent Bitcoin rally was good, even though we did not hit $16,000 or go beyond it. This was a much-needed pump after the much-anticipated Bitcoin halving and the Black Thursday crash back in March. However, an interesting takeaway from the rally, if one were to look closer, was the identity of who helped...Read More
We feel very proud to be able to announce the imminent launch of NavCoin’s brand new privacy method blsCT, which is a ground-breaking and interactive mixing protocol that enhances the anonymity of a transaction through the combination of the Boneh-Lynn-Shacham (BLS) signature scheme with Confidential Transactions. The former enables us to hide both the amount...Read More
Litecoin’s most recent bounce off the support level appeared not to have the backing of willing buyers, with the same suggesting that a drop in price was imminent. There was also a level of strong resistance just above Litecoin, a level it might not be able to test over the next few days. Polkadot was...Read More
Frederik Gregaard, CEO of the Cardano Foundation, recently shared his views with the community during a Q&A session on The Cardano Effect. According to the Cardano Foundation exec, the most important use cases and problems to be solved using Cardano will be in the area of Financial Services and Insurance. Gregaard, coming from a background...Read More
With Bitcoin’s price rallying, altcoins that are strongly correlated to the world’s largest cryptocurrency are set to benefit immensely from it. However, one unusual category of projects, DeFi, may benefit from Bitcoin’s rally too, despite its top projects being inversely correlated with Bitcoin. Correlation of cryptocurrency projects with BTC || Source: Cryptowatch Based on data...Read More
Swingby is the “warp-speed” protocol for inter-blockchain swaps. It allows all DeFi users to move assets between blockchains without a trusted party. Today, Swingby announces its first mainnet network will be released on the 28th of December; it will bridge native Bitcoins onto Ethereum via Wrapped BTC (WBTC). The initial bridge will enable the most liquid...Read More
Disclaimer: The findings of the following article ar the sole opinion of the writer and should not be taken as investment advice Binance coin is perhaps among the few exchange tokens that are not just alive, but kicking too. Plenty of exchange tokens are on the market today, but none holds as much promise as BNB....Read More
XRP/USD – Bulls Failing to break $0.261 Resistance Key Support Levels: $0.25, $0.245, $235, $0.24.Key Resistance Levels: $0.261, $0.271, $0.28. Last Thursday, XRP managed to rebound from the support at a rising trend line as it pushed higher. On Friday, it penetrated above the resistance at the 100-days EMA to reach as high as $0.26...Read More
Singapore-based cryptocurrency exchange DragonEx published an update stating that it will introduce a temporary plan to allow withdrawal of crypto on its platform: Due to the uncertainty of the financing time, and in order to shorten the waiting time for everyone, the platform has decided to initiate a temporary restart plan to gradually resume deposit and...Read More
[PRESS RELEASE – Please See Disclaimer] With the latest conclusion of its premium lasting platform for Bluzelle, ProBit Exchange is charging ahead with their 2nd of 4 ProBit Exclusive slots in November for Aleph.im starting November 11. The breakneck pace at which the exchange is launching their Exclusive platform is part of its ongoing commemorative...Read More
Volatility is undoubtedly back within the crypto markets. Over the past few hours, Bitcoin gained about $600 and lost them almost immediately. This happens as one of the world’s largest drugmakers, Pfizer, said that its COVID19 vaccine has been positive in over 90% of the trial cases. Bitcoin Pumps and Dumps $600 In Hours The...Read More
Data from the on-chain analytics resource Glassnode indicates that Bitcoin miners have sent sizeable BTC portions to exchanges in the past 24 hours. With the asset price hovering above $15,500, the question remains if they are to cash out profits and possibly drive Bitcoin south. Miners Send BTC To Exchanges Implies A Price Dip? Bitcoin...Read More
Cardano registered a strong surge over the past few days, but the market’s bulls seemed to be exhausted by the time of writing. ADA’s reaction at important levels would indicate whether buyers or sellers were in control of the market. Filecoin had a few quiet trading sessions over the past few hours and could see...Read More
Voyager Digital, a publicly-traded, licensed crypto-asset broker has announced that its Assets under Management (AUM) have surpassed $100 million, up 20x from December 2019. Addressing Voyager’s exponential growth over the past year, CEO Stephen Ehrlich said, “Voyager’s offering of over 50 digital assets, including 22 interest-bearing assets, is winning over investors. As we increase our...Read More
The objective of IMCoin is to be the first Hybridcoin on the market, giving its holders the possibility of having an asset backed by an audited and public underlying where the money from the sale of the token is entered, but which in turn tries to increase in value, to positively impact the price of...Read More
A JPMorgan report suggested that some investors, such as family offices, have been allocating more funds into Bitcoin rather than gold in recent months. The analysts from the giant multinational investment bank also noted that the comparison between the two assets could propel a massive price increase for BTC. Bitcoin’s Impressive Developments As Of Late...Read More
Monero had been trading within a range over the past month, but it appeared to have initiated a recent downtrend on the charts. On the contrary, while Waves was on an uptrend that could be set to continue over the coming days, Compound‘s bulls were engaged in a skirmish to flip a level of resistance...Read More
In what is a surprising development, Professor Nouriel Roubini, dubbed ‘Dr. Doom’ by many in the crypto-community because of his skeptical remarks about Bitcoin and cryptocurrencies, seems to have softened his stance on Bitcoin. During a recent interview, Roubini said that Bitcoin can be considered a partial store of value because it cannot easily be...Read More
Shortly after suspending withdrawals and deposits to its platform, the crypto lending service Cred has filed for Chapter 11 bankruptcy protection. CryptoPotato reported in late October that the US-based platform had temporarily suspended all funds inflows and outflows while assisting law enforcement agencies in investigating an “incident.” According to an official announcement from this past...Read More
Despite briefly tanking following the results of the US Presidential elections, Bitcoin has reclaimed the $15,000 mark and registered its third-highest weekly close. The altcoins have also recovered yesterday’s losses, and the market cap has jumped back to $440 billion. Bitcoin’s Third-Best Weekly Close Bitcoin peaked at a new yearly high on Friday as the...Read More
Bitcoin Cash surged, noted a healthy pullback, and rose above its level of resistance once more in a volatile, yet bullish couple of days for the cryptcourrency. Basic Attention Token struggled to rise above its longer-period moving average and reverse its long-term downtrend, while Decred appeared to have gone parabolic. Bitcoin Cash [BCH] Source: BCH/USDT...Read More
The exploit was reported by Blockstream co-founder Gregory Maxwell (a.k.a. /u/nullc), and retweeted by crypto podcaster Ruben Somsen; Multisig bug in BSV exploited, funds stolen🍿 BSV ripped out the existing multisig (p2sh) and replaced it with a threshold script that was SUPPOSED to accept X sigs or more, but instead accepted X or LESS (including...Read More
As the dust settles from one of the most tumultuous and divisive elections in recent history, crypto asset traders and analysts are looking for positives from the newly elected government and its leaders. America’s next leader for the coming four years, Joe Biden, has commented very little on cryptocurrencies, but that appears to be preferable...Read More
