A year after China banned local fiat on-ramps for crypto exchanges, Chinese traders continue to drive the market forward by using the dollar-pegged stablecoin tether (USDT). “Crypto trading businesses are restricted from accessing banking services in China, but they are thriving nonetheless,” Dragonfly Capital Partners co-founder Alexander Pack told CoinDesk. Traders generally work around such...Read More
Much of the crypto market may have flipped sentiment to being bearish on Bitcoin after yesterday’s dump that bled out over $20 billion from the total crypto market cap.The post appeared first on NewsBTCRead More
Grayscale Investments, a cryptocurrency asset manager reported its Assets under management [AUM] tripling from $926 million to a whopping $2.7 billion, in its Q2 report. Grayscale products like Grayscale Bitcoin Trust and Grayscale Digital Large Cap Fund reported 178.8% and 147.6%, respectively in returns, this quarter. Source: Grayscale Investments The company noted a strong quarter...Read More
Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019. Cryptojacking on the rise McAfee Labs posted their report on the company’s website on Aug. 28. According to the report, crypto jacking — installing and running a cryptocurrency miner without user...Read More
After breaking below $10,000 yesterday, Bitcoin has faced a significant influx of selling pressure that has sent its price reeling down towards the lower-$9,000 region. This sell-off has drastically altered the overall market sentiment and came shortly after BTC made a failed attempt to surge towards $11,000.Some major Bitcoin bulls are still expressing confidence that...Read More
PNC Financial Services Group, Inc, a Pittsburgh, Pennsylvania-based bank holding corporation has successfully processed its first cross-border payments for clients’ using Ripple’s blockchain solution, RippleNet, according to a Fintech Futures report on August 29, 2019. PNC Joins DLT Bandwagon Per sources close to the development, PNC Treasury Management has become the first U.S. bank to...Read More
Yesterday’s crypto market carnage saw over $20 billion in USD value wiped out from the total crypto market capitalization. The dump affected nearly all crypto assets, including Ethereum, EOS, and Litecoin – even Bitcoin, which has maintained support despite altcoins collapsing around it.The post appeared first on NewsBTCRead More
A code vulnerability that could have forced computer shutdowns was found on Tuesday in the second most popular ethereum client. Parity connects over 3,000 computer servers around the globe to the ethereum blockchain network. On Thursday, Parity Technologies, the startup responsible for building and maintaining the ethereum client, released updated code to fix the bug. Only...Read More
Totle, a solution for accessing the crypto decentralized exchange (DEX) market, has announced new important upgrades to the Totle Swap application. By using smart-order-routing technology, Totle automatically finds and acquires the best price across DEXs for ERC-20 swaps. Read below for more information on the enhancements: Swaps are Ranked Totle now ranks the quality of...Read More
Recently, the crypto market fear and greed index hit its lowest point in history, despite Bitcoin price trading above $10,000 and at that point had yet to break down. The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate.While even altcoins did...Read More
Investors have swung wildly between risk-on and risk-off postures, as Sino-U.S. trade tensions rise and fall. While crypto-volatility is still too strong for most investors to stomach, there could be a more reliable refuge for investor value. At present, equities-averse money has very few places left to go.The Swiss National Bank recently intervened to dampen...Read More
Hut 8, one of the largest public Bitcoin mining farms by operating capacity, has released its financial report for the second quarter of 2019. The mining firm recorded a tremendous surge in its net profit and overall revenue for Q2, with the net profit for the firm reaching $33.7 million Candian dollars while the overall...Read More
The bitcoin price suffered a painful crash this week, but bulls shouldn’t imagine the worst is over. This dump isn’t finished – not even close. | Source: Shutterstock By CCN Markets: The bitcoin price suffered a massive setback on August 28th, crashing through support at $10,000 before testing the low $9,000s. We warned that this...Read More
Carnage and fear have returned to the crypto market in a big way, now that Bitcoin price has dropped from the trading range it has been locked in over the last 3 months. It’s caused even the most bullish crypto investors to consider bearish scenarios.The trading range that’s now in Bitcoin’s rearview mirror eventually formed...Read More
As bitcoin prices continue to post strong rallies, traders are looking at higher potential valuations for BTC/USD on a long-term trend basis. Not surprisingly, many of these projections deal with important psychological levels that may be likely to guide market activity. By most accounts, market valuations in BTC/USD have had a strong year. Bitcoin has...Read More
Major phone operator China Telecom has released a white paper on blockchain-powered smartphones in the 5G Era. China Telecom introduced the white paper at the China International Intelligent Industry Expo on Aug. 27, according to a report by local finance news outlet Sina. Existing troubles In the document, China Telecom pointed out the potential benefits...Read More
Bitcoin has lost almost 7% during the last 24 hours, according to Coinmarketcap data, taking analysts by surprise. Here are main reasons why the cryptocurrency is testing new support levels right now. CME’s Bitcoin Futures Bitcoin’s latest crash, which started on Wednesday afternoon, sent prices below the $9,500 level for the first time since July....Read More
Sygnum, a cryptocurrency company that claims to develop an integrated solution that enables its clients to securely issue, store, trade and manage blockchain-based cryptoassets, is seeking for a banking license from the Monetary Authority of Singapore (MAS), to enable it to offer brokerage, tokenization and other crypto-related services to qualified investors in the region, reports...Read More
Cryptocurrency markets are in the midst of a significant sell-off, with top digital assets losing over five percent in value over the past twenty-four hours. As the Bitcoin price has now fallen through two key support levels, analysts are predicting further losses, with BTC likely to fall below $9,000. Cryptocurrencies experienced a sharp drop at...Read More
The UN’s cyber czar blamed Bitcoin and other crypto assets for making it significantly harder to fight child sexual exploitation and other crimes. | Source: Twitter (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: A senior UN official, Neil Walsh, claims that Bitcoin and other cryptocurrencies have made the task of fighting money...Read More
Bitcoin is very much different than any other form of currency you know. It is a virtual form of currency that is very popular and attractive. What makes it fascinating is the fact that Bitcoin cannot be obtained in physical form. It is stored virtually and exists in the online world only. If you want...Read More
Background Founded in July 2011 by Jesse Powell (Present CEO), Kraken is renowned to be one of the most widely accepted and oldest cryptocurrency platforms. Kraken, which has its base in San Francisco, was officially launched as an exchange platform in September, 2013. One of the landmark achievements of this platform was in 2014 when...Read More
Bitwala, a German-based bitcoin enabled banking platform available in the EU, today announced the launch of new apps for iOS and Android. Berlin-headquartered Bitwala enables customers in 31 European countries to buy, sell, and store bitcoin. Bitwala is the only banking service presently active in the European Economic Area offering a current account with a...Read More
Hedera hashgraph, the super-fast blockchain network, will open Mainnet Open Access from September 16th, 2019. Under this project, any developer can start building dApps on Hedera’s platform. Developers can also run mirror nodes that provide access to all consensus decisions. Hedera claims Open Access beta will allow up to 10,000 transactions each second. Bitcoin and...Read More
Binance launched an initiative platform to help developers leverage Binance infrastructure for their ideas and projects. There are 3 themes of this program – Learn, Collaborate and Grow. Learn provides official third party resources for information. Collaborate provides tools and channels to develop the infrastructure. Grow refers to different Binance programs already designed. Binance has...Read More
Bitcoin developers have created a multi-signature (multisig) user interface for both hardware wallets and full nodes to enhance Bitcoin Wallet security. Wallets protected by multisig technology need more than one private key to access the wallet. Thus it is less likely to breach the security as no single party possesses all the information to access...Read More
The Bitcoin price has seen a downward fall below $10,000 within a span of half an hour. The steep fall in the BTC price has also affected the crypto market and some of the well-known crypto enthusiasts and investors. The BTC price fell drastically to $9,400 giving a weekly low. Analyzing this price fluctuation, the...Read More
Bitcoin has dropped towards the $9,300 level for the first time in the last 30 days as investors continue to explore traditionally perceived safe-haven assets against global market risks.The benchmark cryptocurrency plunged by $950 within a matter of a few hours. The move downhill coincided with the expiration of CME bitcoin futures contract, which typically...Read More
Court proceedings against defunct Canadian Bitcoin exchange QuadrigaCX will focus on people in Ontario, say liquidators. EY: ‘Few Ties’ Keep Bitcoin Case In Nova Scotia In a court document filed this week, Ernst & Young (EY), the accounting giant acting as the exchange’s bankruptcy trustee, petitioned for a relocation of their case. Currently taking place...Read More
Bitcoin price fell sharply on Thursday’s trading to land around the $9,500 level. | Source: Shutterstock By CCN Markets: The bitcoin price crumbled overnight, breaching the psychological barrier of $10k and dropping as low as $9,334 on Coinbase. The fall marked a nine percent collapse in a matter of hours, wiping out a total of...Read More
