Grayscale Investments, a cryptocurrency asset manager reported its Assets under management [AUM] tripling from $926 million to a whopping $2.7 billion, in its Q2 report. Grayscale products like Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund reported 178.8% and 147.6%, respectively in returns, this quarter. Source: Grayscale Investments The company noted a strong quarter...Read More
Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019. Cryptojacking on the rise McAfee Labs posted their report on the company’s website on Aug. 28. According to the report, crypto jacking — installing and running a cryptocurrency miner without user...Read More
Ethereum has recently traced a dip near $166, rebound on the way ETH has broken a few major support levels since yesterday including $180, $175 and recently $170 The short term SMA line has recently climbed above the long term SMA line, gives a positive sign Technical indicators paint a bullish picture, as the price...Read More
After breaking below $10,000 yesterday, Bitcoin has faced a significant influx of selling pressure that has sent its price reeling down towards the lower-$9,000 region. This sell-off has drastically altered the overall market sentiment and came shortly after BTC made a failed attempt to surge towards $11,000.Some major Bitcoin bulls are still expressing confidence that...Read More
The Ethereum issuance of Tether (USDT) is quickly becoming the most utilized version of the stablecoin – and pushing Bitcoin and Omni out of the game. | Source: Shutterstock Tether (USDT) transactions on the Bitcoin blockchain are losing ground to Ethereum at an ever-increasing rate. Ever since the Tether stablecoin was issued on Ethereum in...Read More
PNC Financial Services Group, Inc, a Pittsburgh, Pennsylvania-based bank holding corporation has successfully processed its first cross-border payments for clients’ using Ripple’s blockchain solution, RippleNet, according to a Fintech Futures report on August 29, 2019. PNC Joins DLT Bandwagon Per sources close to the development, PNC Treasury Management has become the first U.S. bank to...Read More
Litecoin’s hash rate continued to plummet as it entered the third week after its halving on August 5th. According to the popular cryptocurrency stats website, BitInfoCharts, Litecoin’s hash rate on 28th August was 331.4 TH/s, a decline of 33.3% from a hash rate of 458.3 TH/s on the day of halving. In the words of...Read More
Pantera CEO, Dan Morehead, highlighted 4 upcoming projects to research blockchain scalability and interoperability in their newsletter. They aim to spark further adoption and use-cases of blockchain technology. Progress in blockchain technology is often taken for granted, while developers work every day toward removing bottlenecks holding back mass adoption and scalability. Using decentralization against legacy...Read More
Yesterday’s crypto market carnage saw over $20 billion in USD value wiped out from the total crypto market capitalization. The dump affected nearly all crypto assets, including Ethereum, EOS, and Litecoin – even Bitcoin, which has maintained support despite altcoins collapsing around it.The post appeared first on NewsBTCRead More
A code vulnerability that could have forced computer shutdowns was found on Tuesday in the second most popular ethereum client. Parity connects over 3,000 computer servers around the globe to the ethereum blockchain network. On Thursday, Parity Technologies, the startup responsible for building and maintaining the ethereum client, released updated code to fix the bug. Only...Read More
The bear pressure continues to turn support levels in impenetrable fortresses. XRP/USD changing hands at $0.2520 following a 1.57% loss on the day. Ripple’s performance has not been impressive in the past couple of months. The bear pressure continues to turn support levels in impenetrable fortresses. The recent dive to levels close to $0.24 almost...Read More
A new research report from crypto exchange Binance says China’s digital currency will most likely be a two-tiered system replacing notes and coins in circulation. The report, issued yesterday, claims the People’s Bank of China (PBOC) central bank digital currency (CBDC) will be backed 1:1 by renminbi fiat as well as follow a two-tiered structured...Read More
Totle, a solution for accessing the crypto decentralized exchange (DEX) market, has announced new important upgrades to the Totle Swap application. By using smart-order-routing technology, Totle automatically finds and acquires the best price across DEXs for ERC-20 swaps. Read below for more information on the enhancements: Swaps are Ranked Totle now ranks the quality of...Read More
Recently, the crypto market fear and greed index hit its lowest point in history, despite Bitcoin price trading above $10,000 and at that point had yet to break down. The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate.While even altcoins did...Read More
Investors have swung wildly between risk-on and risk-off postures, as Sino-U.S. trade tensions rise and fall. While crypto-volatility is still too strong for most investors to stomach, there could be a more reliable refuge for investor value. At present, equities-averse money has very few places left to go.The Swiss National Bank recently intervened to dampen...Read More
TRONSCAN, a blockchain browser for TRON community announced its support for the Sun-network, where it would be developing a block explorer for the Sun Network’s Dapp chain. The block explorer will be integrated into the TRONSCAN according to the latest TRON weekly report posted by TRON Japan. Check out the weekly report made by @TRON_JPN...Read More
Hut 8, one of the largest public Bitcoin mining farms by operating capacity, has released its financial report for the second quarter of 2019. The mining firm recorded a tremendous surge in its net profit and overall revenue for Q2, with the net profit for the firm reaching $33.7 million Candian dollars while the overall...Read More
The bitcoin price suffered a painful crash this week, but bulls shouldn’t imagine the worst is over. This dump isn’t finished – not even close. | Source: Shutterstock By CCN Markets: The bitcoin price suffered a massive setback on August 28th, crashing through support at $10,000 before testing the low $9,000s. We warned that this...Read More
The Hong Kong protests started in June 2019 over a controversial bill and now after weeks of demonstrations, marching citizens are fighting for the future of Hong Kong. In the midst of all the activists protesting, digital currencies like bitcoin cash are being promoted as a way for people to remove themselves from China’s system....Read More
Carnage and fear have returned to the crypto market in a big way, now that Bitcoin price has dropped from the trading range it has been locked in over the last 3 months. It’s caused even the most bullish crypto investors to consider bearish scenarios.The trading range that’s now in Bitcoin’s rearview mirror eventually formed...Read More
GRAM tokens are finally coming to investors, Telegram says. The company behind the second-largest cryptocurrency sale expects to ship tokens in the next two months, the New York Times reported yesterday. The issuance will end a saga that began almost two years ago, when a handful of private investors put $1.7bn into the proposed Telegram...Read More
The jury is still out on dApps. Despite dApp stores, smart contracting platforms, launchpads, and distributed storage solutions soaking up vast amounts of ICO money before the tide went out on that fundraising model, they’ve yet to achieve critical mass within the cryptosphere, let alone mainstream society. “It’s still early – give it time,” dApp...Read More
Photo: Wikimedia Commons PNC Financial Services Group, Inc. finally went live with the blockchain payments platform RippleNet. By doing this, it became a first-ever American bank that decided to process cross-border payments just a year after they decided to adopt Ripple’s technology. As one of the ten largest banks in the U.S., the inaugurating of...Read More
The entire cryptocurrency market was in free fall yesterday, with all major cryptocurrency reporting a significant slump. The first in the line to succumb, as usual, were the top altcoins and the king coin. At press time, the market remained red, with Bitcoin recording a fall of over 5 percent and Ethereum spotting a negative...Read More
Blockchain software development firm Parity released an update for its Ethereum (ETH) node software which fixes a vulnerability present in some instances. Remote node crashing vulnerability In a blog post published on Aug. 29, Parity announced the release of an update for its Ethereum node software fixing the Remote Procedure Call (RPC) vulnerability. Per the...Read More
Cardano Dips Below 0.045909 Level, Down 6% Investing.com – fell bellow the $0.045909 level on Wednesday. Cardano was trading at 0.045909 by 18:13 (22:13 GMT) on the Investing.com Index, down 6.44% on the day. It was the largest one-day percentage loss since August 28. The move downwards pushed Cardano’s market cap down to $1.18838B, or...Read More
As bitcoin prices continue to post strong rallies, traders are looking at higher potential valuations for BTC/USD on a long-term trend basis. Not surprisingly, many of these projections deal with important psychological levels that may be likely to guide market activity. By most accounts, market valuations in BTC/USD have had a strong year. Bitcoin has...Read More
After several leaks of their existence last week, Canon has officially lifted the veil off the EOS M6 Mark II and EOS 90D cameras. More importantly, the camera are set to launch in Malaysia next month in September. ADVERTISEMENT We’ll start off with the EOS M6 Mark II. Canon has made several improvements with this...Read More
Few technologies garner as much attention and enthusiasm as blockchain technology and artificial intelligence (AI). Both technologies are featured prominently in Deloitte’s 2019’s Tech Trends Report, and they are drawing significant investments at the enterprise level. For instance, PwC’s 2019 Global Blockchain Survey found that 84% of executive-level survey respondents indicated that their companies are...Read More
The Securities and Exchange Commission (SEC) announced pressing charges against Bitqyck Inc. and its founders for defrauding investors in securities offerings of two digital assets and operating an unregistered exchange. Quoting the official statement, “Bitqyck and founders Bruce Bise and Sam Mendez created and sold Bitqy and BitqyM (tokens) in unregistered securities offerings to more...Read More
