Principal actors in the PlusToken Ponzi scheme have bagged 11-year prison sentences in China. The scheme managed to defraud investors of billions of dollars in various cryptocurrencies. End of the Road for PlusToken Scammers According to the South China Morning Post on Dec. 1, principal members of the PlusToken scam project were sentenced to 11...Read More
The U.S. Department of Justice (DoJ) has extradited a principal member of a fraudulent cryptocurrency mining and trading platform from Panama to the United States. AirBit Club Co-founder to Face Criminal Charges in the U.S. According to an announcement by the acting U.S. attorney for the Southern District of New York, Audrey Strauss, U.S. authorities...Read More
Bitcoin surged to $19,788 at the time of writing and the ATH was a stone’s throw away for the king of crypto. Cardano exhibited a bearish divergence and dipped almost 4% before the bulls got back in the driving seat. Tron was set to test the level of resistance at $0.0355 in the near-term, while...Read More
Bears are circling as bitcoin hit all time highs again on Tuesday. Is this 2017 all over again? Google data shows no hint of retail FOMO in BTC/USD. Bitcoin hit multiple record highs this week, prompting “FOMO” or “fear of missing out” calls from some analysts. If there is euphoria in the crypto market it’s...Read More
Bitcoin’s market cap was at $361 billion as the market eagerly anticipated a daily close above ATH. Chainlink was trading within an ascending channel and recently flipped the $14 psychological level to support, and could do the same to $14.5 resistance over the next few trading sessions. Crypto.com Coin attempted to recover from its recent...Read More
China has been tightening its grip around crypto and crypto businesses. According to recent reports, authorities from Baoshan city in the Yunnan province have cracked down on Bitcoin miners. The authorities have ordered the electricity suppliers to cease supply to the miners in the area. According to Colin Wu, a Chinese reporter on Twitter, on...Read More
The leading US-based cryptocurrency exchange Coinbase assisted in MicroStrategy’s massive purchase of $425 million worth of BTC. The platform pledged to help other large firms diversify their portfolios with bitcoin in the future as well. Coinbase Involved In MicroStrategy’s BTC Purchase The NASDAQ-listed business intelligence firm made the news on two occasions earlier this year...Read More
Bitcoin inched toward $20k and altcoins posted moderate gains in the past week and undid much of the damage that Bitcoin’s dip to $16,400 wrought. At press time BTC was trading at 19,507 with a 24-hour trading volume of $31.8 billion. Source: CoinStats Bitcoin Cash performed strongly and rose above the psychological $300 barrier once...Read More
Bitcoin has hit a new ATH of 19,865 as of November 30, 2020, however, it hasn’t hit $20,000 yet. This calls for a celebration as the highs set in 2017 were finally reached after 1080 days. So, what to expect next? Long term, bitcoin is bullish without a shadow of a doubt. However, the short...Read More
Is Bitcoin still in the green despite its 15 percent fall from its $19,000 high? This three-part piece will clear up how much of Bitcoin’s daily losses it has managed to recoup in the past year. In the previous piece, we looked at the top-10 declining and top-10 recovery days for the cryptocurrency. To reiterate,...Read More
Facebook shook the world last year after announcing plans to introduce a “single global digital currency” dubbed Libra. However, the social media giant’s efforts were quickly scalded by global regulators as the project received massive blowback. Facebook didn’t give up on its idea. Instead, the company decided to rebrand its two main products. Firstly, the...Read More
Ethereum has taken its first step towards Proof of Stake [PoS] today, with the Beacon Chain going live. The excitement was visible all across Twitter as people celebrated the new beginning for ETH. Adding to this celebration, Binance, one of the largest cryptocurrency exchanges, launched ETH 2.0 Staking service from 2 December. The announcement noted:...Read More
As Bitcoin’s price hit a new ATH before closing in November 2020, it is the ideal time to check Bitcoin’s correlation with Gold and the impact on price. Bitcoin and Gold decoupled earlier in November 2020, based on data from skew. The quarterly gain posted by Bitcoin is 72% and the monthly gain is 35%....Read More
The Universal Protocol Alliance [UPA] which included prominent blockchain companies like Bittrex Global, Ledger, CertiK, InfiniGold, and Uphold launched the Universal Carbon [UPCO2] on a public blockchain. It can be bought and held as an investment, or burnt to offset an individual’s carbon footprint. According to the press release shared with AMBCrypto: “… the UPCO2...Read More
Bitcoin Dominance stood steady at around 63% even as Ethereum and the altcoin market posted gains over the past few days and matched Bitcoin’s performance. Longer-term analysis pointed toward a possible pullback to $400 for Ether, while in the short-term ETH could see the $580 region retested as support. Tezos was trading within an ascending...Read More
Ethereum is trading above $600, just as it did over the past weekend. What’s interesting however is that despite its dropping correlation with Bitcoin, the price has sustained at the current level. The latest developments in Ethereum charts indicate that the narrative that led to the BTC price rally may be brewing for Ethereum as...Read More
Ethereum is finally going to kickstart its journey towards ETH 2.0 today, with the Beacon chain going live. This was possible only after the ETH holders stakes over 867,000 ETH, more than the required 524,288 in order to set this in motion. As Ethereum sets on the transition path, users will only have to wait...Read More
Bitcoin’s price crossed ATH on most exchanges on November 30, 2020 chasing after a high monthly close. Interestingly enough, @Danheld of Kraken has been asking traders to be patient and wait to get rewarded. In his recent tweet, he said there will be several dips in this cycle as well, and HODLing is the only...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The Litecoin market has been witnessing a resurgence on the back of Bitcoin’s recovery. The price of the asset has been close to $89.24 and has been consolidating between $90.83 and $85.26. The current...Read More
Bitcoin reached its all-time high on many exchanges a few hours ago and was trading at $19,371 at press time. XRP and Dash had buyer interest and momentum behind them and moved back toward their local highs. IOTA saw some indecision in the market, and at the time of writing was headed for a minor...Read More
BitMEX has long been a pioneer when it comes to bitcoin derivative products. However, due to its recent tussle with the American authorities, the exchange faced a major setback. With the new CEO appointed, it is yet to see how he will guide the exchange to a safer place. According to the blog, the new...Read More
Today marks the long-awaited genesis of Phase 0 in the Ethereum 2.0 upgrade roadmap which stretches ahead for the next couple of years. According to the Beacon Chain countdown, there is now less than seven hours to go before the genesis event spawns the first block on the new chain. The Beacon Chain explorer reports...Read More
We are pleased to announce the appointment of Alexander Höptner as the new Chief Executive Officer of 100x Group, the holding group for HDR Global Trading Limited, owner and operator of the BitMEX platform. Alex will lead 100x Group as we pursue our wider vision of shaping the evolution of digital financial services through strategic...Read More
