By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, July 21st, the BTC rate is growing. The cryptocurrency is generally trading at 9307.56 USD. On D1 of BTC/USD, the picture has not changed much since last week. The pair is still trading at the upper border of the descending channel between 100.0% and 61.8% Fibo. Another...Read More
Decentralized finance (DeFi) is all the rage in 2020 as projects in the field continue to explode. The total value locked in lending protocols has skyrocketed throughout the year. And while there are plenty of exciting projects, one seems to stand out with its unique approach. The project in question is Ampleforth (AMPL). It addresses...Read More
The leading digital asset management company Grayscale Investments has received approval from FINRA for public quotations for two more of its cryptocurrency products. Consequently, shares of both Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) have become the first publicly-quoted securities in the US deriving value from Bitcoin Cash (BCH) And Litecoin (LTC)....Read More
The UK’s HM Treasury, who acts as the ministry of economy and finance, said it might give the Financial Conduct Authority (FCA) a free hand to monitor advertisements issued by unauthorized firms, including those related to cryptocurrency. HM Treasury Proposes that FCA Supervise Cryptocurrency Promotions As of today, finance companies that are not under the...Read More
Recent research has indicated that Ethereum has ‘blown past Bitcoin’ in terms of daily settlement value, which is a testament to how much economic activity has increased on the network. Ethereum Beats Bitcoin on Economic Activity Messari researcher, Ryan Watkins, recently posted his findings stating that a quarter ago, Ethereum had just about reached parity...Read More
The DeFi ecosystem has come a long way since 13 March. After tumbling all the way down to $571 million in Total Value Locked (TVL) from a high of $1.28 billion on 15 February, all hope for its future seemed lost. This was one of the reasons why no one could foresee the explosive growth...Read More
The narrative of an “altcoin season” is spreading like wildfire, and rightly so. Since the start of June, Bitcoin has been extremely stagnant with respect to its price-performance. However, while it is doing so, other digital assets in the market have been lifting their game. In the past, Bitcoin would command a greater dominance on...Read More
The recently concluded quarter, Q2 of 2020, was a tale of two halves. In the first half, Bitcoin noted massive recovery after its worst crash in 7 years in March, while in the second half, the cryptocurrency saw unnerving consolidation, which has continued till today. What is peculiar during this phase was while the price...Read More
With Bitcoin’s volatility drying up, the other side of the grass does look greener; the other side being “DeFi.” With yield farming caching on, Bitcoin volumes are recording a stark decline on the charts. Between Bitfinex, Bitstamp, Gemini, and Kraken, the total average weekly volume has gone from being a little below 1.3 million BTC...Read More
Several cryptocurrency proponents on Twitter have reported that the largest telecommunications company in Argentina called Telecom has become a victim of a ransomware attack. Despite being unknown so far, the perpetrators have demanded a $7.5 million ransom to be paid with the privacy coin – Monero (XMR). Telecom Hacked For Monero? Founded in 1990, Telecom...Read More
Bitcoin might be trending on Twitter, but on its charts, it’s more of the same. Since hitting the $9,000 mark over two months ago, and despite numerous seismic events, including the halving, a massive derivatives expiry, and a Twitter hack, Bitcoin is still trading in the same range. Looking at the short-term chart of the...Read More
Owing to the relative youth of the cryptocurrency market, it is often accused of lacking in maturity. Even with institutional investors rushing in, there are grounds for arguing that the Bitcoin-led market is not completely mature. A reason why such doubts exist is due to the inherent volatility of the market, one where a cryptocurrency...Read More
Darknet transactions are so intrinsic to the Bitcoin ecosystem that to think of Bitcoin without such transactions would be to violate the core features of what makes the cryptocurrency truly decentralized. Even though it has been many years since the infamous Silk Road, Bitcoin’s first prominent e-commerce use-case, darknet transactions using the cryptocurrency have only...Read More
On July 15 several prominent Twitter accounts were hacked and a fraudulent Bitcoin campaign and address propped up as part of a coordinated attack. Among the celebrities targeted were Elon Musk, Jeff Bezos and Barack Obama. This high-profile scam saw the hackers make 12.86 BTC or $118,000. While this grabbed headlines in crypto and traditional...Read More
Defining Bitcoin and cryptocurrencies in mainstream terms has never been easy. After all, how can it ever be? Cryptocurrencies are revolutionary, they were never meant to be confined to the traditional definition of concepts. The example of how difficult it has been to define cryptocurrencies in legal terms is a case in point. However, whenever...Read More
Twitter, the social media platform that substitutes for Presidential proclamations these days, was hacked a few days ago, with a host of accounts hijacked to promote a Bitcoin giveaway scam of sorts. This wasn’t the first time someone has hacked into a Twitter account. However, what caught the eye of news media across the world...Read More
Clark Moody, the creator of the first real-time Bitcoin market data website, recently recollected the BTC market’s history over the last ten years. He pointed out that if the first BTC buyer held onto their holdings, they would have made a humongous 18.4 million percent return on his investment. It’s also worth pointing out, though,...Read More
Bitcoin is not acting like a cryptocurrency when its volatility is sinking and it’s highly correlated with the stock market. And right now, both those things are happening. Since the beginning of May, the cryptocurrency which lost 50 percent of its value in a 15-hour window earlier in the year, is trading in a surprisingly...Read More
The twitter hack sure garnered a lot of attention to the largest crypto asset, Bitcoin. However, the incident did not manage to shake it out of its price slump. Even though the price dipped by a little and reached its immediate support at $9k, the BTC market continued its stagnated journey. This noted the 24th...Read More
Australia-based Jiu-Jitsu champion Craig Jones said he was one of the many who missed their chance to cash in their purchased Bitcoin after the 2017 ATH. The professional fighter had bought his crypto assets in 2015 but apparently lost the advantage of the all-time high value after mislaying his coins. Losing His Bitcoin In a...Read More
The more obscure the market, the more obscure the currency used is not true for the darknet. The underbelly of the underbelly of the internet, the darknet is that part of the deep-web which is beyond the reach of traditional browsers and search engines. Within this darknet lies a slew of digital markets where all...Read More
For most people, Bitcoin is a short bet. Beyond those who look to the cryptocurrency as a means to evade state-controlled finance, Bitcoin is quick-fix or a quick-hit investment, traded on the short-term, owing to its massive volatility and leverage offered. This reality is playing out as we speak. Since the beginning of May, Bitcoin...Read More
The Indian cryptocurrency industry wanted to begin a conversation with regulatory bodies to share their understanding of the space and provide counsel in framing the guidelines for it. In a conversation today Subhash Chandra Garg, the Chairman of the Indian Inter-Ministerial Committee [IMC] noted that crypto can be regulated as a commodity and not as...Read More
With respect to regulatory oversight, the cryptocurrency market has progressed quite a lot over the past few years. The work of the Financial Action Task Force [FATF] is a notable example, with the FATF coming up with the Travel Rule over a year ago. It recently concluded its third meeting to review the progress made...Read More
Wednesday, July 15th, 2020, will forever be remembered as the day Twiter became a puppet in the hands of a mischievous hacker. Twitter was hacked. And the accounts of some of the most prominent people in crypto and the world were compromised and used to steal Bitcoin in giveaway scams. Experts Share Their Opinions Although...Read More
Despite many in the community speculating that the altseason may finally be here and Bitcoin may soon lose its starring role, most of the crypto-market continues to be dictated by the price movement of the world’s largest cryptocurrency. The fortunes of altcoins such as Ethereum Classic and Dogecoin are a case in point. Bitcoin [BTC]...Read More
While the perpetrators of the infamous Twitter hack from a few days ago remain unknown, popular cryptocurrency proponent Cameron Winklevoss believes that “we do know who continually hacks the US dollar – the Fed.” The Fed Hacks The USD? During the past few days, the world’s attention is focused on the bold Twitter hack, which...Read More
For the industry’s Bitcoin miners, 2020 hasn’t turned out to be the year they had hoped for. With the mining reward cut in half and the price still stuck well below $10k, a rise in price for the king coin would be a welcome change. However, saying so could be deemed to be a simplification...Read More
In an effort to find a temp solution to deal with yesterday’s attack, Twitter has apparently made it impossible for users to post Tweets containing strings of letters and numbers in order to avoid any scam “giveaway” from sharing their cryptocurrency wallet addresses. Something Went Wrong: Twitter Blocks Wallet Addresses Indeed, when I tried to...Read More
On 16 July, many all across the world saw in horror as one of the most sophisticated hacks in recent memory unfolded before their eyes. This episode saw Twitter accounts of many prominent personalities, from Barack Obama to Elon Musk and Warren Buffett, hacked, all advertising a giveaway that was clearly a scam that involved...Read More
