Alabama resident has been charged in a SIM-swap hack, targeting victims to steal over $150,000 worth of cryptocurrency. According to local news, authorities alleged that the resident is a 22-year-old man named Joseph Chase Oaks who now faces a string of charges. Prosecutors have accused Oaks of identity theft, computer trespass, and tampering, as well...Read More
UK resident from Nuneaton has been charged for importing illegal drugs bought with Bitcoin; he will now serve a two-year prison sentence. Authorities alleged that the resident named Dylan Bailey, who is 19 years old, used the dark web to purchase ecstasy and paid Bitcoin for the illegal tablets. A supplier in the Netherlands sent...Read More
For Bitcoin, 2020 was a monumental year, with its block reward halving followed by greater institutional investment culminating in the bull run which Bitcoin has managed to sustain to date. While institutions did look at digital assets like Bitcoin with a bit of suspicion once, the narrative has changed dramatically as Bitcoin is now being...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The cryptocurrency market has seen significant bullish momentum over the past week. With Bitcoin registering a new ATH on the charts, many altcoins including Polkadot have all started on their own uptrends. In the...Read More
According to data from XRPscan, in the past two days, co-founder of Ripple, Jed McCaleb moved roughly 40 million XRP from his “tacostand” wallet, which was named and activated when McCaleb was still working with Ripple. The former tech chief is very active when it comes to selling his XRP; a fact earlier noted by...Read More
Exchange Bitcoin reserves have dropped steadily to correspond with the cryptocurrency’s price rise, with the number of Bitcoin withdrawals from exchanges recently climbing to a 3-year high. This is an incredibly bullish sign during a bull run. It is safe to say that Tesla’s latest purchase has fueled the price rally and it may be...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The volatility in the Bitcoin market has been driving the value of the rest of the cryptocurrency market higher on the charts. Major altcoins such as Bitcoin Cash [BCH] registered a trend change as...Read More
Bitcoin SV dropped under a level of retracement following its recent gains, with the crypto retesting the same level as resistance. Basic Attention Token surged past $0.5, but it remains to be seen if the bulls can push higher. Finally, Compound showed signs of rising above its resistance level at $494. Bitcoin SV [BSV] Source:...Read More
The past week saw Bitcoin’s price surge by over 18 percent, with the world’s largest cryptocurrency trading close to $45,000, at press time. It should be noted, however, that following reports of Tesla investing over $1.5 billion in Bitcoin, BTC climbed to register a new ATH above $48,000, before corrections set in. The question thus...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Chainlink’s price has been on the rise since the start of the week. In fact, this has been the trend across the larger crypto-market lately, especially on the heels of Bitcoin’s bull run. Interestingly,...Read More
With more institutional investors indicating interest in cryptocurrencies in recent times, Bank of New York (BNY) Mellon has announced that it would be offering crypto-related services later this year. Bank of New York To Hold Bitcoin The New York oldest bank stated in The Wall Street Journal today that it will hold, issue, and transfer...Read More
Synthetix’s latest governance proposal has passed successfully, with the same approving the creation of sTSLA – a synthetic asset that will provide on-chain exposure to Tesla’s shares. The proposal to introduce sTSLA, or SIP110, was put into motion on 10 February, with the proposal passed successfully after a unanimous vote by Synthetix’s The Spartan Council....Read More
Chief Executive of Uber and Expedia Group, Dara Khosrowshahi says that Uber will accept Bitcoin as a form of payment provided the company sees a real need for it to do so and if there is a benefit from accepting the digital currency. Source: Twitter/CNBC Squawk Box In a recent interview with CNBC Squawk Box...Read More
Bitcoin’s rally has taken some interesting turns this market cycle. In fact, despite a minor correction to the $45000-level, there is a lot of bullish sentiment among traders. This can be attributed to institutional demand and the anticipation of further demand since Twitter has expressed an interest in buying Bitcoin off its balance sheet, post-Tesla’s...Read More
Cardano registered a bearish divergence on the charts, but the market sentiment had not shifted to the bearish side, at press time, with a pullback still unlikely for ADA. On the contrary, Waves broke out of its triangle pattern and targeted the $11-mark. Cardano [ADA] Source: ADA/USDT on TradingView The momentum indicator (RSI) made lower...Read More
According to Thailand’s Finance Minister Arkhom Termpittayapaisith, retail investors’ “excessive speculation” in cryptocurrencies may destabilize Thailand’s capital markets. During a capital markets conference on Thursday, Arkhom told attendees that local retail investors in Thailand have been shifting their savings into cryptocurrencies in order to receive “higher returns.” In fact, reports from the country’s Securities and...Read More
Tron surged to $0.05 and retraced some of its gains on the charts while Ontology breached the $1-mark, a level it hadn’t visited since February last year. Finally, SUSHI‘s charts registered short-term bearish pressure as it was unable to convincingly assail the $15.8-level of resistance. Tron [TRX] Source: TRX/USDT on TradingView The breakout past the...Read More
A 19-year old UK resident was jailed for a drug trafficking operation. He had participated in an attempt to import ecstasy bought with Bitcoin on the Dark Web. Buying Dark Web Ecstasy with Bitcoin The 19-year-old drug dealer is to serve two years in prison after a police investigation discovered he has been dealing with...Read More
Matic Network is the emerging cryptocurrency working on a scalability blockchain platform. It processes secured, expandable and instant transactions powered by Proof of Stake side chains. It provides free Ethereum based cryptographic token transfers and payments. This article is meant to provide you the in-depth information on Matic Price Prediction for 2021 and beyond. All...Read More
The explosive growth of Non-Fungible Tokens (NFTs) has opened up the blockchain industry to a new realm of endless possibilities. They have allowed for the existence of rare assets reminiscent of those in our conventional world, and virtual reality gamers are throwing their weight behind by splurging on these assets. An Axie Infinity gamer recently...Read More
Seoul’s Central District Court has ruled that South Korean crypto-exchange Bithumb is liable to compensate victims of Bithumb’s withdrawal incident back in November 2018. In the said incident, several users lost their Bitcoins when attempting to transfer their funds to another wallet or exchange. At the time, six Bithumb users, including lead plaintiff Lee Mo,...Read More
“I see the promise of these new technologies, but I also see the reality: Cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism.” These were the latest remarks from Janet Yellen, with the Treasury Secretary warning against the “explosion of risk” that has come with...Read More
Credit card giant Mastercard said that it would soon start supporting crypto payments on its network later in the year. Mastercard’s Merchants Soon to Accept Crypto According to a blog post by Master card on Wednesday (Feb. 10, 2021), the company revealed that would support a select number of cryptocurrencies in 2021, adding that crypto...Read More
Binance Coin surged to $148, following which, it registered a pullback to $120. In fact, it was in a phase of consolidation above the 23.6% retracement level at $121, as was Maker. In the short-term, both coins can be expected to trade sideways. Finally, NEM was moving with bullish strength towards its level of resistance...Read More
Bitcoin does not have a plausible claim to be the money of the future, according to the Deputy Governor of Canada’s Central Bank. During a recent speech in Montreal, Deputy Governor Timothy Lane remained skeptical about cryptocurrencies even in an increasingly digital economy, calling them “deeply flawed as methods of payment.” On the contrary, Lane...Read More
Musk Says ‘HODL’ Dogecoin! Dogecoin price had a spectacular rally in the past week which entered the asset in the top 10 cryptocurrency ranking list. The interesting part was the spike was not influenced by interpreted CEO of Dogecoin and CEO of Tesla Motors, Elon Musk. However, after the massive surge, Musk marked the jump...Read More
In an effort to enter emerging markets, Amazon Inc. appears to be readying to deploy a new payments system involving “Digital and Emerging Payments (DEP)”. The project has yet to be officially announced, but Amazon has hinted at it across a series of recent job posts. “We are looking for a leader to help us...Read More
Binance, arguably the world’s biggest crypto-exchange, is down again, with many in the community reporting that they are unable to access the exchange’s platforms and trading services. The same was confirmed by CEO Changpeng Zhao, with CZ tweeting, Disk issue with one cluster. Will be fixed shortly. Thank you for your understanding. 🙏🙏🙏 Should not...Read More
