Despite briefly dipping to $10,660, Bitcoin has slightly increased in value since yesterday and trades above $10,800. At the same time, Ethereum has spiked by about 2% to above $360, while more volatility is evident from lower and mid-cap altcoins. Bitcoin To Above $10,800 After an unsuccessful attempt to conquer $10,800 yesterday, Bitcoin headed south...Read More
Craig Wright, the self-proclaimed Satoshi Nakamoto, has seen another failure in his ongoing legal battle against the popular cryptocurrency proponent going by the Twitter handle Hodlonaut. The Supreme Court in Norway rejected Wright’s jurisdiction appeal. CSW Vs. Hodlonaut: The Backstory Craig Wright has attracted lots of attention to himself, especially after claiming on numerous occasions...Read More
Yesterday The Verge published an elaborate article portraying a picture of Justin Sun’s leadership at BitTorrent post the peer-to-peer file-sharing site’s acquisition by the TRON foundation. Sun later responded to the ‘false-claims’ made by TRON/BitTorrent’s ex-employees in the article with ‘An Open Letter to Anyone Who Cares to Read’ on Medium. Claim: Megalomaniac Leader; Response:...Read More
Venezuela’s cryptocurrency story continues as the country’s President Nicolas Maduro has presented new use cases. A recent report informed that the South American nation is studying the possibility of using digital assets in trades alongside the national Petro. President Maduro has presented new anti-sanctions law in the Constituent National Assembly. In a recent speech, he...Read More
French authorities have arrested 29 people allegedly operating a sophisticated network of funding jihadists and al-Qaeda members with cryptocurrencies. The police suspected that the network has been active for over a year and has funded terrorist organizations for hundreds of thousands of euros. French Police Arrests 29 People According to the report, France opened an...Read More
The highest judicial institution of the Pakistani province of Sindh has requested the federal government alongside the Federal Investigation Agency (FIA) and the State Bank of Pakistan (SBP) to submit a detailed reply on the ban on cryptocurrency dealing in the country, local media reported Wednesday. The Ban The court hearing is coming after it...Read More
“Will you shut up, man?” “You graduated either the lowest or the next lowest in your class, don’t ever use the word ‘smart’ with me!”, “Maybe you could inject some bleach in your arm.”, “It’s hard to get any word in with this clown.” …no, this is not an argument between two heated-up highschool teenagers...Read More
New York-based cryptocurrency exchange Gemini has made it possible for its users to engage in shielded Zcash (ZEC) withdrawals. Following the news, the price of Zcash surged 6%. The 33rd-largest crypto by market capitalization is up 110% year-to-date (YTD). Confidential Zcash Withdrawal Now Available on Gemini According to a blog post on Tuesday (September 29,...Read More
The token powers a cross-chain DEX called Polkastarter, which was launched in Uniswap yesterday, Sept. 29. The platform was announced earlier this month when it was touted another Ethereum killing interoperable DeFi protocol powered by the high-throughput Polkadot ecosystem. POLS Volume Surges Today’s announcement has focused on the volumes of the new POLS token, which...Read More
After marking another price increase from $10,640 to $10,860, Bitcoin has slowed down around $10,750. Most larger-cap alts have remained relatively calm on a 24-hour scale. Binance Coin is once again the exception and BNB nears $30. Bitcoin Trades Around $10,750 As Bitcoin failed to reclaim $11,000 yesterday, the asset headed downwards and dipped to...Read More
Filb Filb is arguably one of the most reputable Bitcoin traders in the field. His attention to detail is obvious, and he’s known for his precision and accuracy when charting cryptocurrencies for his audience. He’s got a following of almost 50,000 people on Twitter, while his Telegram trading journal has more than 14,000 users in...Read More
Twitter chief Jack Dorsey is not letting up on his Bitcoin (BTC) and blockchain evangelism, describing the novel tech as the future of the microblogging platform. Twitter on the Blockchain Appearing at the Oslo Freedom Forum 2020, Dorsey remarked: “Blockchain and bitcoin point to a future, and point to a world, where content exists forever,...Read More
The owner of a cryptocurrency exchange has been recently convicted in a transnational scheme of defrauding people through an online auction fraud. Court says the scam reached a multi-million dollar scale. At Least 900 Americans Victimized As per a recent report, people who suffered from the fraud were probably more than 900 American citizens. According to...Read More
The Aave Money Market DeFi protocol is now about to be more decentralized than ever. In an announcement published on its official blog on 25th September 2020, the team reported on the successful launch of the Aave Governance on the mainnet. This means that users of the protocol will now be able to vote on...Read More
One is called the difficulty ribbon, and it has just broken out of the green buy zone for the first time since March in terms of compression. The metric was reported by analytics provider Glassnode, which added that historically, these had been periods characterized by a positive momentum indicating significant price increases. #Bitcoin Difficulty Ribbon...Read More
Yearn Finance founder Andre Cronje has been busy conjuring up new concepts to bring DeFi to the masses, and his latest brainchild is an ecosystem called Eminence, which targets the gaming world. Gaming tokens and economies have been tried before with the likes of Enjin Coin (EJN) and a couple of others. The latest non-fungible...Read More
After failing to reclaim the $11,000 level again, Bitcoin got rejected and dipped below $10,700. Most alternative coins have followed BTC’s move downwards, and the market cap has lost about $6 billion since yesterday. Bitcoin Fails At $11,000 In the past few days, Bitcoin made a few attempts to challenge the coveted $11,000 line but...Read More
Brazil is about to revolutionize its banking system. In a little more than a month, the country will say goodbye to an infrastructure that made payments a nightmare even though Brazil boasts one of the most thriving economies in the world. Such is the potential Brazil has to offer, that Ripple chose that country to...Read More
The University of Cambridge’s third Global Cryptoasset Benchmarking Study is here. Highlights from the report point to an almost 200% growth in the number of cryptocurrency users over the last two years. The extensive digital asset market study by Cambridge also revealed that year-on-year growth in all segments dropped to 21 percent in 2019 from...Read More
Newly aggregated data suggests that the hackers that recently compromised KuCoin’s hot wallets may have taken more than the estimated $150 million, as per the exchange’s report. Considering the updated numbers, the KuCoin hack would be the third-largest in history, with approximately $280 million stolen. The KuCoin Hack: $280M Taken Instead Of $150M? As CryptoPotato...Read More
Validator participation in Ethereum 2.0’s Medalla testnet is on the rise. And with the growing number of them, the number of staked test ETH is about to close in on a new high of Almost two million test ETH tokens, that are now staked on Medalla. This comes amid the launch of the Optimism Layer...Read More
Grayscale has enlarged its Bitcoin Trust, as 17,100 BTC were added to Grayscale’s funds at current prices, as the investment is worth approximately $186 million. Grayscale BTC Trust. Data by Bybt Crypto AUM Approaches $6 Billion The total assets under management (AUM) for all Grayscale Investments crypto funds totaled $5.8 billion according to its last...Read More
Bitcoin has continued to gradually increase in value and even came close to challenging $11,000 earlier today. Including some impressive gains from altcoins. The total market cap has increased by $10 billion since yesterday’s dip. Bitcoin Closing Down On $11K? As reported yesterday, the primary cryptocurrency hovered mostly between $10,650 and $10,750. Shortly after, however,...Read More
Layer 2 scaling developers at the Plasma Group have recently announced the launch of their Optimistic Ethereum testnet, which will be deployed on projects to test much needed scaling solutions. Essentially, Layer 2 scaling involves taking work off the root chain to process data and transactions faster. The team has built a system called OVM,...Read More
The popular digital asset exchange Huobi Group has compiled a study exploring the investment profiles of cryptocurrency traders in emerging markets. It concluded that digital assets such as Bitcoin and Ethereum have become “the first point of entry to financial management for many individuals.” The majority of the survey’s participants came from Europe, Asia, Africa,...Read More
ARK Investment Management LLC thinks that bitcoin is an asset with one of the most attractive risk-reward profiles. In a recent analysis, the New-York based investment advisory firm made a pretty optimistic call regarding BTC’s growth. Bitcoin’s network valuation could balloon to $1 – 5 trillion in the next 5-10 years. From $200 Billion Today...Read More
Although Bitcoin has been trading mostly in the five-digit territory for the past two months, the retail interest towards the asset seems to be declining. Data from Google Trends reveals that the “Bitcoin” searches are at their lowest levels since the COVID-19 crisis emerged during March 2020. Bitcoin and Google Trends 2020 Edition The Google...Read More
Bitcoin has remained relatively calm since yesterday, however, couldn’t overcome the following marked descending trend-line on the 4-hour chart, just around $10,800. The situation among larger-cap altcoins is rather similar, except for Binance Coin (BNB), which has climbed to the 6th position. Bitcoin Can’t Break Above $10,800 In the past 24 hours, the primary cryptocurrency...Read More
A few hours ago, the Asian exchange KuCoin announced that it suffered a hack that caused millions of dollars in losses. A hacker, or a group of hackers, gained access to the platform’s hot wallet and stole more than $150 million in Bitcoin, Ethereum, and other cryptocurrencies. The funds held in a hot wallet are...Read More
Although China still categorizes Bitcoin and other cryptocurrencies as illegal, several state-owned media outlets purportedly ran reports describing them as the best-performing assets since the start of the year. Bitcoin And Crypto Run On Chinese Media A popular state-owned media under the name Xinhua News Agency set the tone yesterday by citing a Bloomberg report...Read More
