The Bank of England’s deputy governor Jon Cunliffe reportedly said that England’s central bank was not going to ensure that mainstream banking business would remain relevant or not when future digital currencies launch. Cunliffe said in a report: Our job is not to protect bank business models. Banks will have to adjust. Our job is...Read More
Unlike Bitcoin, the altcoin market has not been successful in registering record highs. XRP, even though a major alt, has not been able to follow its 2017 trajectory and has been stuck within its known range, while other coins were still in a state of loss in terms of YTD performance. XRP Source: XRP/USD on...Read More
Electrum-based malware scam was once again highlighted by Whale Alert tracking service by drawing attention to a payment made to an address used by Electrum malware. According to the tweet, the payment involved 2.042 BTC worth about $32,876 at that time. 🚔 A payment of 2.042 #BTC (32,876 USD) was just made to a confirmed...Read More
Bitcoin is up by a total of around 5% this week. However, the most interesting part is that it finally broke above the coveted $16,000 mark for the first time since January 2018. This time, however, things are looking a lot more stable. BTC had a few attempts at $16,000 and managed to convincingly break...Read More
Tezos, once a major altcoin threatening a position in the top 10, has been unable to take advantage of the recent bullish scenario. While the coin has dropped down to 18th in the market, its long-term charts failed to indicate a lot of positive momentum. While its recent Delphi upgrade reduced smart contract gas fees...Read More
Hacked crypto exchange Cryptopia’s assigned liquidator, Grant Thornton New Zealand shared a follow-up update for Cryptopia account holders stating that “due to an error” by court staff at the Christchurch High Court, certain customer data “had been provided to an unauthorized third party.” The liquidators believed that this third party could try to use this...Read More
There are quite a few unfortunate stories of people that lost their Bitcoin forever as a result of using questionable means of storing their crypto. A notable example being James Howell, who lost $127 million worth of Bitcoin in 2017 and was unable to reclaim it. According to a report, Howell mistakenly placed the drive...Read More
Despite Bitcoin’s share of the market holding steady over the last few weeks, the world’s largest cryptocurrency’s price movement, owing to high correlation stats, continues to exert a lot of influence on the movement of other cryptos. The same was highlighted by the price performances of Tezos and STEEM. However, the same wasn’t evident when...Read More
Founder and CEO of Galaxy Digital, Michael Novogratz announced today that the firm’s OTC Trading business has had its best quarter yet. The CEO said: We’ve taken several key steps forward in the second half of 2020, including making critical senior hires, expanding our capital base, and completing strategic actions to position Galaxy Digital for...Read More
The field of decentralized finance [DeFi] has provided many investors with great returns. One of the projects that enabled users to reap substantial gains was yearn.finance [YFI], created by Andre Cronje. The creator has been actively involved in creating new projects, but not necessarily completed project. DeFi was noting a period of consolidation until recently...Read More
Bitcoin’s correlation with gold has inspired many narratives over the past eight weeks. However, the correlation may be deeper than popular opinion. The halving mechanism that is coded in the asset itself, drives its shortage of supply and reduces mining rewards in half every four years. Why is the chosen number of years, specifically four?...Read More
Bitcoin Bitcoin saw another 4% price hike this week, which had it breaking above the $16,000 level to reach as high as $16,491 today. The coin has since dropped slightly to trade at $16,135 at the time of writing. Last week, the coin had surged into the $16,000 level, which caused it to roll over...Read More
Michael Sonnenshein, Managing Director at Grayscale Investments said in a tweet today that the Grayscale team has raked in over $115 million in bitcoin alone. The exec also pointed out that this amount came to Grayscale all in a day, yesterday, on 12 November. According to the tweet: the @Grayscale team raked in over $115...Read More
For many, Bitcoin is more than just a cryptocurrency. For most, Bitcoin is THE cryptocurrency. Why is this so? Well, there are many reasons, but the primary reason usually given by proponents is that it is the world’s biggest and its oldest. Fair enough, but is that all there is to that? Well, not quite,...Read More
A group of researchers has located a new type of ransomware attack called Pay2Key executed against several Israeli and European companies. The perpetrators have requested the ransom to be paid with bitcoins, which the researchers have followed the funds to an Iranian cryptocurrency exchange. A New Ransomware Attack On Israeli And European Firms The updated...Read More
Bitcoin’s performance over the past few days has had a significant impact on the rest of the crypto-market. While the collective market cap surged, individual tokens on the charts prospered as well. However, this wasn’t the case universally as quite a few cryptocurrencies chose to move in the opposite direction. The cases of Monero, Ethereum...Read More
Following the payment protocol – Ripple’s recent launch of its new beta service – dubbed Line of Credit, Ripple could now be working towards introducing a new product. One Twitter user and a dedicated XRP fan found that Ripple has registered a trademark for what could be its new product called “PayString.” The mark consists...Read More
Offering a high-level summary of progress, Goguen and Cardano project managers, Dimitris Poulopoulos and Volodymyr Hulchenko stated that things were progressing well. Last month’s Cardano update involved a live demo of the ERC-20 convertor and Charles Hoskinson describing the Native Asset Standard as a way of treating tokens on Cardano as ‘first-class citizens’. It seems...Read More
Bitcoin payments for passport services? You read that, right! In a first, a nearly 50-year-old U.S based passport and visa processing firm, Peninsula Visa, will now be accepting BTC for select passport services. Coinbase’s crypto payments arm, Coinbase Commerce, will be assisting the company in the same. Peninsula Visa Is Now Accepting Bitcoin For Passport...Read More
In September, Binance had released Launchpool service which enabled users to acquire new tokens in return for staking Binance coin [BNB], Binance USD [BUSD], and other tokens. The exchange has been adding projects to this list and the newest addition has been the Unifi protocol. On 13 November, Binance announced the listing of Unifi’s global...Read More
OTC (Over-the-counter) trading is an increasingly popular way to trade cryptocurrency. It is estimated that OTC daily volume size is between two to three times the size of public exchanges. Yet despite the large trading volume, OTC trading remains largely unknown to a large number of traders and users. How does OTC trading work Over-the-counter...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Polkadot short-term market and its impact on the price. Polkadot has been gaining much attention from the crypto community, ever since its launch. Even though Bitcoin has been reaching new highs, the coin has been consolidating in the market over...Read More
Bitcoin marches confidently towards new yearly highs while most alternative coins have failed in pursuit. Consequently, BTC’s dominance over the market has climbed above 65%. Red Dominates The Altcoins On a 24-hour scale, most alternative coins have either decreased in value or remained stagnant. Ethereum initiated a leg up towards $470, but the bears didn’t...Read More
The giant online payment processor announced yesterday that all “eligible PayPal account holders in the US can now buy, hold, and sell cryptocurrency directly with PayPal.” The update of the original statement reads that users can interact with digital assets from their PayPal application or through their desktop accounts. The cryptocurrency community remains split in...Read More
Following a period of sideways movement under the $11,000-mark in the month of September, Bitcoin’s price has risen dramatically on the charts. In fact, while October saw the cryptocurrency surge, November has seen BTC touch levels unseen since January 2018. Source: CoinStats Bitcoin’s performance has had a ripple effect on the rest of the crypto-market,...Read More
[PRESS RELEASE] One of the largest cryptocurrency exchanges in the world, Binance, announces the introduction of the Unifi Protocol on its Launchpool platform. Unifi has partnered with Binance to introduce its native UNFI token to the large Binance user base (more than 15 million users in 2019) via the upcoming event held on Binance’s Launchpool....Read More
During Friday morning’s Asia trading session, Bitcoin reached its highest price since January 2018 as it topped out at $16,490 according to Tradingview.com. The massive move has built upon November’s momentum adding a further 5% to the king of crypto over the past 24 hours. This week alone, BTC has made 7% and since the...Read More
Two indigenous tribes from the northern region of Brazil have joined forces to create a cryptocurrency to save their future and have access to a decent income after a lack of attention from that country’s government. The two tribes are known for their with ancestral rivalries. Brazil’s President Jair Bolsonaro is known for his derogatory...Read More
