Bitcoin continued heading upwards, but it couldn’t challenge the $12,000 line. Bitcoin Cash’s 10% increase is among the most impressive from the larger-cap alts, while some lower-cap altcoins have been surging by double-digits. Bitcoin Aims At $12,000 Bitcoin was steadily progressing towards $12,000 in the past 24 hours. After yesterday’s low of $11,580, bulls took...Read More
Over the year so far, Bitcoin has demonstrated interesting correlations with legacy markets. During the crash, largely-induced by the spread of the novel coronavirus and for a period after that, the cryptocurrency was trading in line with the stock market. Now, however, it appears that Bitcoin is largely perceived as a safe haven as it...Read More
Bitcoin’s network is known for a lot of things, and low transaction fees are undoubtedly one of them. Less than an hour ago, we saw another example of this as upwards of $1 billion worth of BTC was transferred from one address to another for a fee of $4 at current rates. $1 Billion Worth...Read More
The large cryptocurrency asset manager Grayscale Investments has filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for its Grayscale Ethereum Trust. Should the application be successful, the ETH Trust will be the second company product designated as a digital asset investment vehicle reporting to the SEC after the Grayscale...Read More
By working together with the US Federal Bureau of Investigation (FBI), German law enforcement agencies have seized nearly $30 million worth of Bitcoin and Bitcoin Cash from two men allegedly running a large pirate streaming website called Movie2K. Movie2K’s Backstory The pirate streaming website began operating in 2008 and ran until 2013. In that timeframe,...Read More
Top Japanese financial bureaucrat Ryozo Himino thinks that promoting cryptocurrency trading will not necessarily accelerate technological innovation. Rather it will spark increased speculative trading, the regulator said. Himono has, therefore, cautioned against the same. Deregulating Bitcoin & Cryptocurrencies Will Fuel’ Speculative Trading’ As per a Reuters article, the Japanese Financial Services Agency boss has shared...Read More
The Chinese central bank digital currency (CBDC) could be approaching its long-anticipated launch as new reports indicated that multiple local commercial banks have begun conducting trials of a digital wallet application linked to the CBDC. Chinese Banks Test Digital Wallet App For CBDC In the latest turn of events regarding China’s future digital currency, a...Read More
Ethereum Classic has been in the wars again with a second 51% attack within a week. This incursion has brought the security of the network under the spotlight again, though ETC prices remain largely unmoved at the time of writing. Earlier today, August 6, Etherchain.org tweeted that its Ethermine affiliated mining pool had disabled ETC...Read More
Bitcoin has recovered some of its dominance over the market in the past 24 hours after breaking above $11,600. At the same time, large-cap altcoins have calmed and even taken a hit, but fluctuations are evident among lower-cap alts. Bitcoin Moves Ahead As CryptoPotato reported a few days ago, Bitcoin’s price chart was forming a...Read More
Grayscale Investments has been loading up on digital assets for a while now, more so when prices have been depressed. Its Bitcoin Trust enables investors to gain exposure to the price movement of BTC through a traditional investment vehicle. This is a bonus for institutional investors seeking to expand their portfolios but not wanting to...Read More
Lawyers for the estate of Dave Kleiman claim Craig Wright and his ex-wife, Lynn Wright, again attempted to defraud the courts by lying about Ms. Wright’s role in her ex-husband’s former firm, W&K Info Defense Research. Craig Wright Contradicts Courts Again? Craig Wright’s counsel had built part of a legal argument on the claim that...Read More
The popular cryptocurrency exchange OKEx will launch a peer-to-peer trading platform in India today. Local users will be able to purchase digital assets with Indian rupees (INR) with zero transaction fees. OKEx Opens A P2P Platform In India According to a study compiled by OKEx and Coinpaprika earlier this year, the Supreme Court decision to...Read More
Dave Portnoy is arguably one of the most influential and somewhat controversial legacy market traders out there. Portnoy made major headlines last month after saying that the legendary investor Warren Buffett is “washed up.” He has regularly been posting videos where he’s supporting the merit that stock markets “always go up” and, at times, claiming...Read More
The financial crisis prompted by the COVID-19 pandemic has highlighted the various investment approaches initiated across different age groups. According to a new JPMorgan analysis, elderly generations have turned to more traditional assets such as gold and bonds, while younger people have gone for Bitcoin. Old For Gold, Young For Crypto Bloomberg cited the latest...Read More
Ampleforth (AMPL) is one of the projects in the decentralized finance (DeFi) space that took the community by a storm, despite being on the market for over a year. Over the past couple of months, AMPL managed to become arguably one of the most widely-discussed protocols, largely because of its quick exponential growth. Now, however,...Read More
Jack Dorsey’s Square noted that its cryptocurrency-friendly mobile payment app Cash App had registered its best quarter during Q2 2020. Nearly half of the $1,92 billion total revenue came from the company’s Bitcoin trading service. As a result, Square shares have pumped after hours following the record numbers. Cash App’s Record BTC Revenue Square published...Read More
A few hours ago, the Opyn DeFi platform discovered a vulnerability in one of its ETH Put contracts, which enabled an attacker to make off with $371,000 worth of crypto assets. The Ethereum based decentralized insurance platform allows users to protect themselves from risks they may face in decentralized finance markets. It operates with an...Read More
During yesterday’s trading session, gold’s futures contracts and shortly after the spot price broke above the coveted $2,000 level for the first time. In the cryptocurrency market, Bitcoin remains relatively calm, while some altcoins are fluctuating with another all-time high charted by Chainlink. Cryptocurrency Price Movements After yesterday’s unsuccessful attempt to overcome the $11,500 resistance,...Read More
The Coke One North America (CONA) aims to utilize Ethereum’s Baseline Protocol in a new project to manage supply chains across different bottling suppliers. Coca Cola to Create Botting Harbor with Ethereum-based Network According to a report from Monday (August 3, 2020), CONA established a project called “Coca-Cola Bottling Harbor,” which will leverage the Baseline...Read More
On Sunday, Bitcoin hit the all-time high against the Turkish lira (TRY). It has to do with the recent Bitcoin rally and the declining Turkish fiat currency, which fell to a record low against the euro. Bitcoin’s Safe-Haven Capability Is Noticeable in Turkey Cryptocurrency bulls are waiting for Bitcoin to update its all-time high, but...Read More
Bitfinex will be awarding $400 million for the successful recovery of bitcoins lost in the infamous August 2016 hack. The offer is also open to the hackers themselves who pilfered around 120,000 BTC, worth $1.3 billion (at today’s rates). Bitfinex: Help Return 120,000 BTC Worth $1.3 Billion, Get $400 Million In an official announcement today,...Read More
Bitcoin’s price increased by about 22% over the past couple of weeks. Its gains were greater, but there was a sudden correction during the weekend. In any case, it’s safe to say that volatility is back in the market, and with it, the interest is also increasing. In fact, data from Glassnode shows that the...Read More
The second-largest cryptocurrency by market cap has been enjoying a massive bull run as of late. Following the massive increase in its value over the past few months, over 90% of ETH holders are now in a state of profit, recent data revealed. ETH’s Ongoing Bull Run Ethereum’s price was stuck in a range between...Read More
The United States Department of Justice (DOJ) has filed a complaint against an alleged cryptocurrency Ponzi scheme to forfeit over $7 million in Bitcoin and Tether. The administrator of the scam called the “Banana Fund” has used some of the raised funds for personal benefits, including purchasing a house. DOJ Against Banana Fund Ponzi Scheme...Read More
Forty-year-old Russian computer expert, Alexander Vinnik, allegedly supervised and operated a Russian cryptocurrency exchange called BTC-e from 2011 to 2017. The alleged fraudster is also wanted by Washington and Moscow, according to statements from his lawyer and recent reports. Extradition Tussle: France, Russia, and America Vinnik was arrested in Greece in 2017 at the request...Read More
Green dominates most of the cryptocurrency market with some impressive gains from Ripple, Tezos, and Chainlink as LINK even marked a fresh all-time high. Bitcoin’s unsuccessful attempt to conquer $11,500 has pushed the asset down to $11,300 Altcoins Rejoice, LINK ATH Speculations for а revived altcoin season emerged today as the majority of alts have...Read More
San Francisco-based Ripple has just released its quarterly report indicating that token sales, and it’s on-demand liquidity platform (ODL), RippleNet, have shown solid growth in Q2. The company said that it sold $32.55 million of XRP during Q2 2020, a 1,760% jump over the first quarter’s terrible sales figures, or $1.75 million. Ripple’s Q2 Report...Read More
Ethereum’s next target is $500, according to BitMEX co-founder and CEO Arthur Hayes. He expressed his amazement about ETH’s surge to $400, calling for the continuation of the rally. Ethereum Breaks Above $400 For First Time Since August 2018 On Sunday, Ether hit the highest level in two years, breaking above $400 for the first...Read More
The ongoing decentralized finance (DeFi) boom has pushed the popular cryptocurrency exchange Huobi to establish a DeFi-oriented platform. Dubbed Huobi DeFi Labs, it aims to enhance the company’s operations in the sector and will be led by a Wall Street veteran – Sharlyn Wu. Huobi DeFi Labs Established According to the announcement from earlier today,...Read More
If 2017 was the year where initial coin offerings (ICOs) went parabolic, then 2020 is perhaps the year where products within the field of decentralized finance (DeFi) are all the rage. With the emergence of numerous propositions, such as flash loans, where people can borrow money without having to post collateral as long as they...Read More
