Cryptocurrencies like Bitcoin represent a new asset class that has the lowest correlation to traditional assets, as well as one the best annual performance records. This is the conclusion of blockchain-oriented hedge fund Pantera Capital, which recommends investors to diversify portfolios by allocating a share of it to cryptos. Bitcoin Has Almost No Correction to...Read More
A new scam related to Bitcoin ATM has come into our notice. Winnipeg authorities identified a fraudulent scheme that tricks gullible victims into sending Bitcoin to a different address. Scammers post an Out of Order message on ATM. The message says that ATM software is under development. It further warns the user not to deposit...Read More
A firm backed by billionaire investor Alan Howard is planning to start a crypto fund worth a billion dollars.Financial Times reported that London-based Elwood Asset Management is working on a venture that would design cryptocurrency portfolios for institutional investors. The financial news service cited Elwood’s chief executive Bin Ren who said their platform would ensure...Read More
Bitcoin price surprises the market by slipping below $10K levels on August 28. Crytpo analysts trace Bitcoin whales moving massive BTC tokens ahead this week. On Wednesday, August 28, Bitcoin price showed a sudden downward movement crashing below $10,000 levels in just a few minutes. The BTC movement surely took the crypto investors by surprise...Read More
View Bitcoin is on track to test $9,000, having dived out of a narrowing price range earlier this week. The cryptocurrency is likely to end August on a negative note, having suffered losses in July and January. BTC may suffer a deeper price drop over the next few months, possibly to the 200-day moving average...Read More
In any financial trading space, market sentiment plays a huge role in deciding the outcome or direction of the price over a certain time period. In the cryptocurrency ecosystem, market sentiment is even more evident and sometimes, it is more important than the fundamental properties of the coin itself. Bitcoin, the world’s largest cryptocurrency, usually...Read More
For both those involved in Bitcoin and traditional markets, all eyes have been on the world’s central banks over the past year. Many analysts claim that whatever the world’s leading monetary authorities decide to do with the economy will dictate the direction for global markets, and, potentially, the fate of the current fiat economic hegemony.Related...Read More
UK asset management firm Elwood plans to develop a giant $1 billion bitcoin and cryptocurrency investment venture, it says. Elwood Expands Cryptocurrency Exposure Quoted by the Financial Times on August 30, Elwood, which is owned by billionaire Alan Howard, revealed it wants to funnel cash into crypto hedge funds. The company is no stranger to...Read More
Bitcoin investor, trader and cryptocurrency celebrity hailing from England, Peter McCormack is about to file a lawsuit against Craig Wright, Calvin Ayre and Jimmy Nguyen on account of forgery and fraud. Recently we reported on Craig Wright’s losing the Kleiman case. However, it seems that karma surely is a b**** especially for a person who...Read More
It is important to have the option of replenishing your assets by buying crypto with a credit card or through exchanges. The assets should be secure and transferable. The only correct answer is this: the one that serves your needs. For me, the most important things in a cryptocurrency wallet are the support of all...Read More
Add another fiat on-ramp to your crypto shopping list. Initially rolled out to residents in California, Washington, and Illinois, the ShortHop “exchange of exchanges” is now expanding to eight additional states. ShortHop, owned by Velocity Markets, taps into eight different OTC desks and exchanges, allowing greater liquidity and efficiency for its customers. The service is...Read More
Bitcoin proponents have rallied round to denounce gold bug Peter Schiff after he said the cryptocurrency has proven it is not a safe haven. Schiff: Bitcoin Failed ‘Again’ In a Twitter debate on August 29, Schiff used the sudden weakness in the Bitcoin price to suggest it was an unreliable alternative investment to assets such...Read More
Samsung’s Blockchain Keystore which is available on the company’s range of Galaxy S10 phones as well as Note 10, has included support for Bitcoin as well as more than 30 other cryptos. The app also supports more than a few DApps as well. A few months ago in March, Samsung launched its new Galaxy S10...Read More
When crypto markets fall hard in a few hours panic usually sets in. A torrent of sell orders usually floods the market until Bitcoin price finds support. This is exactly what happened yesterday, but zooming out will provide an opportunity to breathe as not all is as bad as it seems. Bitcoin Takes a Breather...Read More
Major economic oppression and manipulation by governments and central banks is what drove a band of cypherpunks to create Bitcoin a decade ago. That financial storm is worsening which has generated an even greater need for a decentralized form of money. As ex-congressman Ron Paul points out, the FED should not exist.End The FED, Buy...Read More
Berlin-based Bitwala enables customers in European countries to buy, sell, and store bitcoin via the Bitwala banking app. With Bitwala, bitcoins are booked directly via a multisignature wallet. The app claims that the account opening will take only 60 minutes. In addition to this, there is a Mastercard Debit card. Cash withdrawals from 40 million...Read More
An interactive bird feeder that will take your crypto to release food for birds is still live on YouTube at press time. | Source: YouTube/Mr. Dove Bitcoin may not be for the birds afterall. An interactive bird-feeder which is being live-streamed via YouTube allows users to feed birds with cryptocurrency donations. Despite Bitcoin being the...Read More
The Electric Coin Company (ECC), the for-profit company that supports the development of the zcash cryptocurrency has issued its Q3 transparency report, revealing it has so far avoided layoffs during the bear market despite financial losses. According to the report, the company ran an average a monthly deficit of 30 percent in Q1. The ECC...Read More
Anti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week. The sustained reservations echo the message of July’s open letter from the House of Representatives to Facebook, calling for a halt on Libra’s ongoing development. While many view...Read More
UK billionaire Alan Howard’s Elwood is reportedly making major investments in crypto hedge funds. | Source: Shutterstock A new crypto venture is on the horizon, boasting a $1 billion treasury and a mentor that Forbes in 2013 listed as “one of the 40 highest-earning hedge fund managers.” The unnamed platform is a part of Elwood...Read More
Cryptocurrency exchange Binance has said that it will learn from the regulatory issues that have plagued Facebook’s proposed Libra digital currency. In an interview, Aug 29, Binance co-founder He Yi claimed that the company will engage with regulators from day one regarding its Venus stablecoin project. He also confirmed previous rumors that Venus will be...Read More
Jumanji the video game doesn’t need your money nor time as the latest Fortnite ripoff. | Source: Shutterstock Video game adaptations of Hollywood movies have a sketchy track record as haphazardly-assembled money-makers offering the bare minimum in terms of game play and art-style. Going by a new game play trailer released yesterday, developer Outright Games’...Read More
Hedera Hashgraph, a distributed ledger technology (DLT) platform, announced that it will offer open access to its mainnet beta starting Sept. 16. According to Hedera Hashgraph’s official blog post published on Aug. 29, the open access beta test will be a period of free public access, during which developers will be able to build decentralized...Read More
Bitcoin price extended its decline and traded towards the $9,300 level against the US Dollar.The price is currently correcting higher, but it is likely to struggle near $9,600 and $9,760.There is a short term breakout pattern forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is...Read More
Malta-based crypto exchange Binance wants to spur greater research in open-source blockchain development. To that end, the exchange unveiled Binance X on Thursday, announcing that it was funding more than 40 developers conducting research into open-source crypto software. Binance X also hopes to facilitate collaboration in the Binance ecosystem by providing resources to projects in various...Read More
Bitcoin (BTC) has been absolutely hammered over the past two days. In fact, some 36 hours ago, it was trading at $10,200; now, the cryptocurrency is sitting snug at $9,500.Related Reading: Altcoin Market Is Failing to Produce Utility, Only Bitcoin Can Become MoneyThis dramatic sell-off, which comes after the cryptocurrency traded in the low-$10,000s for...Read More
A top United Nations (UN) official said cryptocurrencies are making international efforts to combat terrorist financing, money laundering and cyber-crime “exceptionally difficult.” Neil Walsh, chief of the Cybercrime and Anti-Money Laundering arm of the UN’s Office on Drugs and Crime, said that the anonymizing and pseudo-anonymizing attributes of cryptocurrencies provide a “new layer of secrecy...Read More
According to local media news reports, police officers in the customs department of China’s northeastern province, Jilin, have recently stopped a cross-border deal involving drugs paid for by using Bitcoin. According to the customs officers, buying drugs with cryptocurrencies has become a new trend and poses many difficulties to Chinese law enforcement agencies. On 16...Read More
Criminals are still drawn to Bitcoin. The world’s leading cryptocurrency lacks anonymity and privacy. Even so, it is often used as a tool to hide monetary transactions. The first six months of 2019 have been rather telling in this regard. Over $4bn worth of Bitcoin has been stolen from investors during this period alone. Criminals...Read More
Cutting through the squiggly lines of technical analysis, here are three very simple reasons why you should NOT be buying any Bitcoin in the short term. | Source: Shutterstock Bitcoin’s recent drop below $10,000 split an already fractured cryptocurrency community into two distinct camps. On one side are the optimists who believe Bitcoin’s drop to...Read More
