The last few days have been catastrophic for traditional financial markets and pretty damaging to the cryptocurrency field as well. Major global indices are charting tremendous losses while the crypto market cap lost more than $30 billion in the past week. Major Indexes Chart Serious Losses Over the course of just a few days, major...Read More
Traditional financial markets are plunging today amid fears of the spreading coronavirus. While indices and stocks tumble across the globe, gold is increasing as investors turn to it as a safe haven. It reached its highest point since 2013. Amid this uncertainty, it’s interesting to see where Bitcoin’s price will go next. Stock Markets Plummet...Read More
With Bitcoin’s price increase in 2020, so does the interest in futures trading. A few days ago, for instance, CME recorded one of its best trading days with over $1 billion in daily volume. Other significant names in Bitcoin Futures trading, including BitMEX and Binance, are also noting impressive volumes lately. CME Bitcoin Futures Volume...Read More
It has been almost two weeks since the Trinity wallet attack, which has seen IOTA’s transaction coordinator halted. The fiat on-ramp was exploited by a hacker who leveraged the vulnerability to access IOTA’s Trinity wallet software, which was integrated with MoonPay. From there, funds were stolen from Trinity wallet users, with total losses believed to...Read More
Bitcoin’s total supply gets distributed among more addresses as its network matures over time. At the same time, some notable altcoins have up to 95% of their total supply held by several large addresses. This information came from a report gathered by the popular monitoring resource – coinmetrics. By examining numerous variables of data, the...Read More
In what could turn out to be one of the most serious SIM-card hacks in history, someone has reportedly stolen $45 million worth of Bitcoin and Bitcoin Cash from a single whale investor. Hacker Gets Away With Reported $45 Million According to a Reddit post from February 22nd, which is now deleted, an investor, who...Read More
Financial and monetary authorities in Japan are accelerating the process of creating their own digital currency. The Ministry of Finance, the Bank of Japan, and the Financial Services Agency have held an undisclosed number of meetings to establish a clear vision before eventually launching a central bank digital currency (CBDC). Japan Prepares For A Bank-Backed...Read More
Facebook’s potential upcoming global cryptocurrency project, Libra, has received positive news from Shopify. The Canadian multinational e-commerce giant announced today that it would join the Libra association to create a safe and accessible payment network. Shopify To Cooperate With Libra Almost immediately after its announcement in mid-2019, Libra became a target of regulators across the...Read More
The last week was action-packed for Bitcoin but also for altcoins. The entire market was on a wild ride, seeing notable gains and sharp declines. First things first, Bitcoin charted a Golden Cross for the first time this year. The 50-days moving average crossed over the 200-days moving average. Last time this happened, the price...Read More
Using centralized cryptocurrency trading platforms and custodians comes with a certain amount of risk as investors rely on the expertise of the exchange’s management team. Over the past eleven years since the creation of Bitcoin, there have been many reports of crypto exchanges that have either gone bankrupt or pulled an exit scam, leaving traders...Read More
The unregulated cryptocurrency bookmarkers are becoming a significant threat in the gambling world, said Hong Kong Jockey Club executive, Tom Chignell. He warns that such markets provide more room for race-fixing, and authorities should monitor and act accordingly. Unregulated Cryptocurrency Bookmakers Pose A Threat Hong Kong Jockey Club is one of the oldest racing establishments...Read More
The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona. Testing The E-Krona Recently reported by local news, the Riksbank is ready to launch a group to examine...Read More
YouTube becomes an important video-sharing platform for the cryptocurrency community by the day. More and more people are starting to produce quality content, covering the field in its numerous aspects. If you’ve been following Bitcoin-related videos on YouTube, there’s a high chance that you’ve heard and stumbled upon MMCrypto’s channel. It’s among the fastest-growing channels...Read More
The Israeli Attorney General, Dr. Avichai Mandelblit, has stated that banks in the country should not stop providing banking services to crypto-related customers and firms despite such recommendations from the Central Bank of Isreal. Mandelblit is at the mass-media headlines these days because of another major reason – Israel’s Prime Minister Benjamin Netanyahu’s latest investigations....Read More
Brendan Blumer, the CEO of Block.one – the publisher of EOS, has said that Bitcoin isn’t money and that it never will be. However, he believes that it’s the “next generation of gold.” His tweets came as a response to Peter Schiff, who once again bashed Bitcoin. Bitcoin Is The “Next Generation Of Gold” Brendan...Read More
Since the new decade had started, Bitcoin is showing bullishness. The cryptocurrency started 2020 below $6800 and skyrocketed to $10,500 just days ago. However, Bitcoin gave us another reminder of its cruel volatility. After reaching almost $10,300 as of yesterday’s high, just as Europeans went to sleep, Bitcoin started its show. In a little more...Read More
Interest rates across the globe are going to zero, and it’s bullish for Bitcoin, according to Morgan Creek Capital Management Founder and CEO, Mark Yusko. He also noted that the recent price drop should not bother investors, and they should focus on purchasing more. Zero Interest Rates Good For Bitcoin Yusko recently spoke in a...Read More
Following Bitcoin’s relative stability around the $10,200 price mark, the cryptocurrency had suddenly crashed to $9,200 in a matter of just 50 minutes. This sudden crash comes a day after Bitcoin was making an impressive increase of $700, ranging from $9600 to almost $10,300. Today, shortly before 22:00 UTC, Bitcoin had lost almost $1,000 of...Read More
Tether, the company behind the most widely-used stablecoin, has minted over $60 million worth of USDT. It’s interesting to see if this will have any positive impact on Bitcoin’s price, given the fact that the infusion comes right after BTC surged upwards of $700 in 24 hours. 60,000,000 New USDT Minted Earlier today, the popular...Read More
Today, a news report from Reuters has mentioned, once again, that the blockchain industry continues to develop at an unprecedented speed, and that regulators need to get themselves caught up to speed, or risk behind left behind in the dust. In fact, the report suggests that many of the world’s Central Banks are becoming increasingly...Read More
Leading cryptocurrency exchange, Binance has suspended almost all of its services, including trading, withdrawal, and deposits, to conduct unscheduled system maintenance, according to an official announcement from the exchange. The message on Binance, as of writing these lines Binance Futures Not Affected As per the notice, the services that have been paused are “deposits, withdrawals,...Read More
The leading cryptocurrency exchange in the United States, Coinbase, has been approved as the very first “pure-play” crypto-related company to become a Visa principal member. Supposedly, this would allow the exchange to further improve its customer experience. Coinbase Becomes Visa Principal Member According to an official release, the San Francisco-based cryptocurrency exchange has managed to...Read More
The Irish High Court ordered an alleged drug dealer to forfeit $56 million worth of Bitcoin to the Criminal Assets Bureau (CAB). The decision came after the Court ruled that Clifton Collins purchased the digital asset with his drug profits. Over 5,500 BTC Forfeited A local news outlet reported earlier today that Clifton Collins from...Read More
The space of Decentralized Finance (DeFi) took a serious hit in the past week as decentralized lending protocol went through two subsequent attacks. The compromised funds amount to a little less than $1 million. The First Attack On bZx – February 14th The first attack happened on block 9484588, timestamped February 15th, according to the...Read More
As of Monday, February 17th, 2020, U.S. presidential candidate, Micheal Bloomberg, and his campaign team have published a formal financial reform plan, aimed at strengthening the U.S. economy and helping it recover from the “the damage Trump has done” following the financial crisis of 2008. Amongst dozens of other financial recommendations, the formal proposal also...Read More
More than 4,000 BTC will be auctioned today by the United States Marshals Service (USMS). The procedure will happen with sealed bids where the highest bidder gets the bitcoins. All of the bitcoins included in the auction have been forfeited in different federal criminal, administrative, and civil cases. $40 Million Worth of BTC To Be...Read More
A rare bullish signal took place this week. The Golden Cross, as it’s commonly referred to, is a phenomenon that happened despite the price of Bitcoin dropping from $10,500 down to its current level at around $9,800. Historically, this has caused BTC to surge in value in the mid-term. Bitcoin’s Most Recent Golden Cross Bitcoin...Read More
Peter Schiff is a popular economist, financial broker, and a recognized author. He’s also a well-known nocoiner who has bashed Bitcoin for quite some time now. In one of his latest tweets, however, he conceded, saying that the cryptocurrency can, indeed, rise in value, despite failing to serve its purpose as money. Peter Schiff Concedes...Read More
The start of the new week came as a sad one for traders as the bears take over the cryptocurrency market, correcting Bitcoin price to below the $9600 region. At the time of writing, the coin is trading at $9,627. The current volatility in the market could be tied to the ongoing selling pressure and...Read More
As IOTA continues to investigate and examine the flaws in its native desktop wallet, which led to multiple thefts of users’ funds, the Foundation behind the project said today that they had released a “safe version” of the Trinity Wallet. Trinity Mobile Wallet Not Safe For Now While the attack only affected the Trinity Desktop...Read More
