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
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 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
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
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
In the latest turn of events, the Russian Ministry of Finance has taken a harsh stance wrt cryptocurrency regulations. Crypto holders on not disclosing their digital assets (worth 45 million rubles or more) at least twice in a period of three years stand to face a jail term of up to three years. This, however,...Read More
A few months after compiling the latest protocol proposal, Tezos has officially implemented its 4th network upgrade in the past two years. Dubbed Delphi, it went live earlier today and aims to dramatically reduce the gas consumption along with other “small bug fixes.” The Delphi Upgrade Live On The Tezos Blockchain The Delphi proposal was...Read More
The popular Bitcoin derivatives exchange BitMEX has taken a step towards improving its trade surveillance and AML efficiency endeavors by collaborating with Eventus Systems. Founded in 2013, Eventus is a global provider of multi-asset trade surveillance and market risk solutions. BitMEX will integrate the cloud-based version of the Eventus Validus platform with its already existing...Read More
The team behind the mimblewimble-based privacy coin Beam will launch a DeFi platform enabling developers to create confidential, decentralized, and user-friendly financial applications. Dubbed BeamX, the platform will arrive on November 19th, with the first iteration being an experimental network, while the mainnet should be released in Q1 2021. Beam Announces DeFi Platform Called BeamX...Read More
The US-based venture capital firm Social Capital will launch a new program enabling investors from all backgrounds to employ the company’s resources to generate “outsized returns on an initial capital base of millions of dollars.” SC’s founder and CEO, Chamath Palihapitiya, announced the new venture called Emerging Managers on Twitter. He highlighted several issues new...Read More
After breaking the previous yearly high and briefly spiking to $16,000, BTC has retraced slightly and trades beneath that level. Simultaneously, Ethereum surged to a new high since early September, while Chainlink’s impressive weekly performance has taken the asset to the 5th spot in terms of market cap. Bitcoin Sees New YTD High But Retraces...Read More
Bitcoin re-tapped its highest price since January 2018 a few hours ago as it came within a whisker of $16,000. For the second time this month, that price level proved to be too much resistance and the asset has fallen back to $15,750 at the time of writing. The bullish momentum over the past month...Read More
Brad Garlinghouse believes that bitcoin holding companies will soon be affected by new policies from the Biden-led administration. Bitcoin Will be Subject to Climate Change Management Policies According to a tweet on Monday (November 9, 2020), Ripple CEO Brad Garlinghouse has envisaged that Bitcoin holding companies might come under scrutiny once the Biden admin begins...Read More
Bitcoin continues its positive price development as it just managed to take yet another coveted milestone – the $16,000 mark. With this most recent increase, bitcoin’s price has increased by as much as 325% from the lows that it encountered back in March 2020 as the COVID19 pandemic was announced. It’s worth noting that this...Read More
Over a month after being hacked and drained for nearly $300 million worth of various cryptocurrencies, the popular exchange KuCoin has recovered 84% of all funds. The company’s CEO also indicated that they will resume full service for all tokens by November 22nd. KuCoin Recovers 84% Of All Stolen Funds As CryptoPotato reported in late...Read More
One of China’s biggest banks is selling $3 billion worth of bonds to investors. The offering allows clients to make purchases with cash and Bitcoin. Raising $3 billion From A Bonds Sale China Construction Bank Corp. aims to raise up to $3 billion from a planned sale of bonds. As per a recent news report, the...Read More
Kraken released it’s August Bitcoin Volatility Report 2 months ago. Then the cryptocurrency exchange sounded supremely confident about BTC registering higher highs as the year ends. In its October version of the same report, Kraken has maintained its bullish stance. November will see bitcoin log much higher price and volatility rallies. Also, BTC might as...Read More
The world’s leading cryptocurrency exchange, Binance, has temporarily suspended withdrawals for ERC20 tokens. Upbit and Huobi follow suit. The issue comes after Infura – an Ethereum infrastructure provider is also experiencing problems. The team announced earlier today that they are experiencing a service outage for their Ethereum Mainnet API. In a later update, they’ve revealed...Read More
Bitcoin is following the plan like “clockwork” after the third halving, said the creator of the popular stock-to-flow model. He also reaffirmed his belief that the S2FX model is correct, and BTC will trade between $100,000 and $288,000 per coin by the end of 2021. BTC Moving Like Clockwork The stock-to-flow model and its variations...Read More
During the past 24 hours, Bitcoin tanked to $15,100, but it has recovered since then and trades around $15,400. Most high and mid-cap altcoins have outlined substantial gains and have reduced BTC’s dominance to below 64%. Bitcoin Price Slides But Recovers After peaking at nearly $16,000 last week, Bitcoin has struggled with maintaining such a...Read More
A few days ago, a mysterious Twitter user claimed to have found the magic formula to crack Monero. Fireice_UK shared a web address that “revealed” personal information of several Monero users, even including their sexual preferences. “Anonymous” cryptocurrency #Monero broken. https://t.co/M2tDXFzpLb You can now check how many paedophiles thought it is private today. 100 new...Read More
The milestone comes as TVL across all DeFi protocols hits a record high of $13 billion according to Defi Pulse. So far this month, over $2 billion has been added to DeFi protocols in terms of dollar value crypto collateral, but some of that may be attributed to the increase in Ethereum prices. In terms...Read More
Cory Bernardi, an Australian politician, recently said that he became a bitcoin faithful in the last few years and he believes BTC demand is getting stronger. Bitcoin continues to find its way to the heart of mainstream politics across the world as former Australian Senator Cory Bernardi reveals today in a tweet that he has...Read More
European soccer giant Bayern Munich enters the world of now-trendy virtual football. The German sports club is to follow other famous soccer teams in Sorare – an Ethereum-based fantasy soccer digital platform. In The Virtual Company Of Over 100 Other Soccer Clubs FC Bayern Munich is among the most prominent German sports teams in the...Read More
The decentralized platform aimed at lowering risks, costs, and access to DeFi dubbed Union has raised nearly $4 million from several well-known industry giants. The project plans to utilize the funds to develop and launch a set of tools that will further reduce the DeFi risk levels. UNION Raises $3.9M In a press release shared...Read More
A popular Bitcoin analyst and trader pointed out that Bitcoin has historically headed towards massive price surges once it closed higher than the previous monthly high. As a result, BTC could face up to a 1,000% price pump soon if it closes November at or above its current price. BTC To Pump By 1,000% Soon?...Read More
A former Microsoft software engineer found guilty earlier this year has been sentenced to nine years in prison for stealing more than $10 million in Bitcoin. The 26-year old Ukrainian used accounts and passwords of other employees and the services of various Bitcoin mixers. Nine Years In Prison For Stealing $10M In BTC As reported...Read More
Bitcoin went on a wild ride yesterday when news of a COVID-19 vaccine broke out, but has calmed since then and currently trades at around $15,300. The leading alternative coins have also cooled down as Ethereum sits around $450 and Ripple at $0.25. Bitcoin Calms After Increased Volatility The primary cryptocurrency demonstrated high fluctuations in...Read More
