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
Disclaimer: The findings of the following article analyze the present volatility in the market after Bitcoin’s recent breach of $11,500 After perfectly moving in line with the rest of the crypto-market, Bitcoin, the world’s largest cryptocurrency, finally registered a rally of its own after BTC surged over the crucial $11,500-mark. While many expected BTC to...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
The entire cryptocurrency market saw increased volatility over the past week and has been witnessing tremendous ups and downs in terms of the price action. As the largest crypto, Bitcoin bid adieu to the kangaroo market, many other assets also broke away from their sideways movement and rallied in the market. As the week ended,...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 dreaded consolidation of Bitcoin finally ended as the price of the asset began going higher. The asset had an eventful week as it crossed $10k and stayed above it for the first time since August 2019. This rise in price was from $9,88 to a peak witnessed at $12,030. However, a sharp fall to...Read More
Bitcoin is certainly enjoying its ‘purple-patch’ period at the moment. Alongside strong price movement and trading at a higher range, its fundamental metrics are witnessing new milestones as well. According to blockchain.com, the number of unique addresses in the Bitcoin network is currently on a steep incline since the start of 2020. Source: Blockchain After...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 cryptocurrency space can be very competitive with every coin striving to make use of the growing volatility to its benefits. The largest cryptocurrency, Bitcoin has been witnessing great volatility and it has proved to be a double-edged sword for the crypto as it fell by over 10% within an hour after a tremendous spike....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
In less than two weeks, Ledger has suffered a data breach and has a new vulnerability. The latter is a bug that allows the hacker to spend Bitcoins while the user spends altcoins. The vulnerability was exposed by Liquality developer Mohammed Nokhbeh who stated that the Ledger, “…presents misleading transaction confirmation requests indicating the selected...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
Bitcoin market witnessed large sell-off taking place within an hour on 2 August. This selling pressure caused the price of BTC to dip from $12,100 to $10,559. However, the asset immediately bounced back in the following hours and was valued at $11,148 at press time. Traders have been taking advantage of this bullish market. As...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
July marked the first month of the Q3 2020 and after an unenthused period in the market, Bitcoin and Ethereum made huge strides in the final 9-days of the month. According to Deribit’s Institutional Newsletter, Bitcoin and Ethereum registered a price jump of about 22% and 48%, respectively, creating a stir in the derivatives market...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
The struggle with $9,000 and even the $10,000 levels were taxing on bitcoin but the journey ahead might not be the same. The bull run of 2016-17 blew past the ATH of 2013 bull run. Hence, we can assume that $20,000 will not be a huge level of resistance. As for the important level, the...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
In the last 950+ days, bitcoin has encountered the $9,000 level a few hundred times. Undoubtedly, this level seems like the one that matters the most, not just for its “Vegeta memes” but also due to the technical reasons behind it. More often than not, the most popular reason given for “why bitcoin tests this...Read More
‘Bitcoin’ and ‘Ponzi schemes,’ at one point were used interchangeably. When the cryptocurrency first started making waves early in the previous decade, all everyone could talk about was the price. Only a few years after Bitcoin was more than just a ‘pet project’ in a small cypherpunk circle, it skyrocketed to $1,000, giving its early...Read More
What saw Bitcoin recover from $4,000 to $9,000 in Q2 2020 is now returning, much to the dismay of other macroeconomic assets. Two weeks ago, prior to the breakout which took Bitcoin over $12,000 for the first time over a year, the worry for the markets was a rising tide of slumping volatility. Between early...Read More
The larger coin market is awash in green as Bitcoin held above $11,000 for the second straight day, after its 8 percent hourly drop on the weekend. Top altcoins like Ethereum and XRP have seen massive surges. The highest gaining coin in the top-10, however, is Chainlink with a 10.7 percent 24-hour gain. Caught 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
The latest twist regarding the notorious Twitter hack from July indicated that the 17-year old alleged mastermind of the entire operation owns over $3 million worth of Bitcoin. Graham Ivan Clark faces 30 criminal charges, and his bail was set at $725,000. Twitter Hacker Owns $3.3M Worth Of BTC As CryptoPotato reported in mid-July, unknown...Read More
The relationship between Bitcoin and Ethereum has always been an intriguing one. They are, undoubtedly, two of the market’s most important crypto-assets due to their dominance in the space. Although Ethereum is quite far behind in terms of market cap, in terms of technology, may argue that the altcoin is miles ahead. Owing to the...Read More
After ascending all the way to $12,000 on 1 August, Bitcoin registered its most significant daily pullback since the 8.24 percent drop on 10 June, with BTC depreciating by 10.57 percent yesterday. While such movement did see Bitcoin’s rally stop in its tracks, over the past few hours, the crypto-asset seemed to hold on to...Read More
With the cryptocurrency’s price recovering from yesterday’s crash, Bitcoin finds itself in a pickle with an important resistance preventing its march higher on the charts. With over a billion dollars in positions liquidated, the Open Interest and the volatility have all dried up. While BTC’s price has been slowly trying to head higher, despite it...Read More
