Bitcoin’s price has been trading in a very tight range for a while now. The cryptocurrency seems unable to break out in any directions, while in the meantime, altcoins are popping massively. This has led to a 3% decrease in Bitcoin’s dominance, which measures the share of BTC relative to the entire market capitalization. However,...Read More
Bloomberg reports that the People’s Bank of China (PBC) intends to begin testing its central bank digital currency (CBDC) on several platforms operated by the food delivery giant backed by Tencent Holdings – Meituan Dianping. China’s CBDC On A Food Delivery Platform Citing people familiar with the matter, Bloomberg informs that the large Chinese web-based...Read More
Darrel “Bubba” Wallace, who is the only African American to win one of NASCAR’s top three national touring series, is apparently going for victory carrying the Bitcoin logo on his car. The New Look Consists Of BTC and Cash App Logos In a recent post, Twitter CEO Jack Dorsey brought the spotlights to the NASCAR...Read More
BitMEX’s parent company, HDR Global Trading Limited, has established a new holding company structure – 100x. As BitMEX will fall under the new structure, the organization noted that it would enable the platform more freedom to develop new features and opportunities for clients. A New Structure Above BitMEX HDR Global Trading Limited is the company...Read More
Ethereum is currently undervalued and is poised to increase in the long-term, potentially reaching market cap parity with Bitcoin, some analysts claim. Ethereum Might Be Bullish In the Long-Term As Ethereum is getting closer to its 5th anniversary, some market onlookers are waiting for its revival, especially amid the context of the awakening altcoin season....Read More
The first signs of decoupling became evident during yesterday’s trading session as the most prominent US indexes market 1-2% gains, while Bitcoin refused to follow and remained firmly in its $9,100 – $9,300 range. On the other hand, the altcoin market sees lots of double-digit price increases and has reduced BTC’s dominance to 62.3%. News...Read More
The US Department of Justice (DOJ) arrested a Houston resident for allegedly fraudulently accessing over $1.1 million of Paycheck Protection Program (PPP) loans and using it to buy cryptocurrency. The Suspect Took PPP Loans on Behalf of 2 Companies On Tuesday, Times Record News reported that Joshua Thomas Argires, 29, was taken into custody by...Read More
There has been very little action on crypto markets over the past 24 hours. The majority of high cap coins are cooling off again following minor movements over the weekend. Bitcoin is no exception, remaining range-bound as the tedium continues. BTC managed to top $9,300 again a few hours ago but has since declined back...Read More
According to a recent report, two promoters of the massive cryptocurrency scam OneCoin have been found killed in Mexico. One of them joined the infamous Ponzi scheme in 2017 and was particularly active in distributing misleading information and deceiving victims in the LATAM region. OneCoin Promoters Killed The report indicates that Mexican authorities found Oscar...Read More
After revealing its plans to enter the cryptocurrency debit card segment last week, Binance has officially debuted its Binance Card for users based in the United Kingdom and European countries, the blockchain behemoth told CryptoPotato on Tuesday. According to the release, the debit card allows holders to make crypto payments at more than 60 million...Read More
Following the announcement that BZRX token, the native cryptocurrency of DeFi project bZx, will be listed for trading on UniSwap decentralized exchange, reports suggest that a trader made more than half a million dollar within 30 minutes of trading the token. How It Happened On Monday evening, Security engineer Roman Storm took it to Twitter...Read More
Ethereum-based cryptocurrency lending system, Compound (COMP), is on the verge of touching the $1 billion mark in crypto loans. This comes amidst total USD funds locked in Defi surpassing $2 billion. DeFi’s Most Popular Lending Token Hits the Billion Dollar Mark According to the official Compound website, the total valuation of borrowed crypto assets under...Read More
The third co-founder of the alleged cryptocurrency scam project Centra Tech, backed by celebrities such as Floyd Mayweather and DJ Khaled, is reportedly planning to plead guilty to duping investors into committing more than $25 million in its initial coin offering (ICO). The Third Centra Tech Inc’s Co-Founder Pleads Guilty According to the report from...Read More
Abra has come under fire from U.S. regulators for offering illegal swaps to U.S. retail investors. This sets an alarming tone for the decentralized finance field, which is currently booming. SEC and CFTC Fine Abra $300k According to a press release by the U.S. Securities and Exchange Commission (SEC) on Monday (July 13, 2020), Abra...Read More
India saw a rapid increase in cryptocurrency trading amid the lockdown period, and after the Supreme Court overturned the Reserve Bank of India’s decision to ban crypto businesses, the Hindu reports. India’s Crypto Trading Volume May Be Up to $30M Per Day The strict social distancing rules, which were adopted at the end of March,...Read More
Despite speculations that miners may abandon ship following the 2020 Bitcoin halving, the network’s security has been primarily increasing, and the hash rate reached a new ATH days ago. In response, the network increased the mining difficulty earlier today by almost 10%, reaching a fresh all-time high as well. Bitcoin’s 10% Difficulty Enhancement Upon creating...Read More
Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic. With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin. Lebanon: How...Read More
A recent report informs that Singapore has developed a fully functional blockchain-based payment network allowing faster and cheaper international settlements. The team behind it, including investment giant Temasek and US multinational bank JP Morgan, is finalizing technical details for the prototype, and the final product should arrive soon. Singapore Taps Blockchain For A Payment Network...Read More
Cryptocurrency markets have remained in consolidation over the weekend with little movement from the high cap coins. Total market capitalization has increased slightly to $274 billion, but in general, things have remained in consolidation. Bitcoin prices dipped to a weekend low of $9,150 (Bitstamp), but things had recovered slightly during Monday’s first hours of trading....Read More
Without any shred of doubt, today’s spotlight in the cryptocurrency market is entirely on Chainlink (LINK). The price for the token surged with about 40% to reach $8.480 on Binance and shatter all perceived resistances on the way up. Chainlink (LINK) Price Explodes All eyes are focused on Chainlink (LINK) as its price increased by...Read More
Ethereum has seen its active addresses count explode by nearly 150% since the start of the year. Its addresses are also massively outperforming Bitcoin’s despite being up by 50% YTD. Ethereum Outperforms BTC In New Active Addresses According to data provided by the blockchain monitoring company Messari, the number of Ethereum active addresses year-to-date has...Read More
Trading in financial markets can be a profitable but also dangerous endeavor. It requires knowledge, skills, and experience no matter the market traders are employing. Of course, gaining experience could be related to actually registering losses but it could also help to learn from traders with a long history in the field. CryptoPotato recently had...Read More
Poloniex, one of the veteran cryptocurrency exchanges, will be joining the derivatives party. The venue has launched Poloniex Futures – a platform that allows traders to use BTC perpetual swaps with USDT as collateral and up to 100x leverage. Poloniex Joins the Bitcoin Futures Party According to an official release dated July 11th, Poloniex has...Read More
Craig Wright, the man who claims to be Bitcoin inventor Satoshi Nakamoto, says Bitcoin is not and was never intended to be, censorship-resistant. According to Wright, who wrote in a blog post from July 10 titled What is Censorship Resistance, the common assumption that Bitcoin holders are protected from economic censorship is nothing but a...Read More
The Bitcoin Gold network reportedly underwent a ‘long-chain attack,’ also known as a 51 percent attack. But the development team claims that it promptly fended off the hostile takeover. The team also supplied mining pools and crypto exchanges with the latest version of BTG Core. Bitcoin Gold Dev Team Thwarts Network Takeover Attempt On Friday,...Read More
The lack of substantial price movements from Bitcoin during the past 24 hours, while simultaneously altcoins and, DeFi tokens, in particular, rise, means that BTC’s dominance over the market continues to decline to its yearly low. Altcoins And DeFi On The Rise The altcoin market indicates several impressive gainers throughout the past 24 hours. Above...Read More
Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday. BTC/USD, Bitstamp. Source: TradingView The move has kept...Read More
Nearly 90% of cryptocurrency investors worry about what will happen to their funds in case they pass away, a new study revealed. However, less than 25% of participants noted that they organized a comprehensive plan regarding their digital asset will. Cryptocurrency Funds After Death The digital asset field differs from traditional finance in various forms....Read More
One out of four men, alleged in a $722 million Ponzi scheme, has pleaded guilty on his charges before а U.S. District Judge. The Romanian programmer Silviu Catalin Balaci, 35, faces a penalty of prison and a fine for a long-running cryptomining fraud with partners. Defrauding Investors Of More Than $722M Balaci was arrested earlier...Read More
In a recent interview with Real Vision boss Raoul Pal, Kraken CEO Jesse Powell said some startling things. According to him, Bitcoin’s anonymous creator Satoshi Nakamoto may have foreseen a bigger financial crisis than 2008’s Great Recession. Jesse Powell: ‘Satoshi Saw a Bigger Bubble Coming’ The second to last talk of Real Vision’s exclusive ‘The...Read More
