Margin trading has taken the cryptoverse by storm lately, with Malta-based Binance recently introducing margin trading for a number of cryptocurrencies on its platform. A number of other exchanges have also followed its lead. However, margin trading comes with a lot of risks, and if there is not enough liquidity on the exchange, whales can...Read More
US authorities are on the trail of a duo of Canadian bitcoin scammers who are still at large. | Source: Shutterstock By CCN Markets: Two Indo-Canadians are facing fraud and money laundering charges in the U.S. after they ripped an Oregonian off their Bitcoin worth over $200,000. In a statement, U.S. Attorney in the District...Read More
Bitcoin began an impressive price surge minutes after China announced that it would slap additional tariffs on US goods.Beijing said late Friday that it would increase taxes on $70 billion worth of US imports of between 5 and 10 percent. That progressed its already worsening trade dispute with Washington which last week had announced a...Read More
The altcoin action continues today as the majority of the market is in the green. Meanwhile, Bitcoin has stabilized over $10,000 while continuing to lose some of its dominance. Cryptocurrency Market Situation. Source: Coin360 Nevertheless, good news keep coming for Bitcoin – this time from Albion. In a landmark decision, the British law firm Stewarts managed...Read More
Craig Wright, An Australian-born computer engineering expert and the driving force behind cryptocurrency Bitcoin SV, is making headlines again. He once again attempted to prove that he is the pseudonymous person who authored the Bitcoin Whitepaper. On August 22, the most controversial figure in the crypto community Craig Wright – who has been proven to...Read More
Billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even the internet has had. | Source: REUTERS / Danny Moloshok (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Tech billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even...Read More
Developers will soon be able to test applications on a live version of blockchain interoperability protocol Polkadot. Kusama, an experimental and unaudited version of the $1.2 billion network, was launched on Friday at the tail-end of Berlin Blockchain Week. As highlighted in a blog post by Polkadot creator Gavin Wood, it will be somewhere between...Read More
Billionaire David Einhorn, who has been shorting Tesla stock for years, is demanding that Elon Musk resign amid Tesla’s solar panels fires. | Source: REUTERS / Carlo Allegri (i), EUTERS / Brendan McDermid (ii). Image Edited by CCN. By CCN Markets: Hedge fund billionaire David Einhorn is demanding that CEO Elon Musk resign amid allegations...Read More
Just recently, Amazon cloud service AWS experienced an outage which is causing a service disruption on several Asian cryptocurrency exchanges. Binance is one of the exchanges. In recent news, Amazon has experienced a cloud service outage which has caused several crypto exchanges, including Binance, to report problems. Binance is seeing international problems, the company CEO...Read More
Bitcoin forayed into the financial markets ten years ago and became a benchmark asset to a new wave of trading instruments now known as cryptocurrencies. But for South Africa’s richest woman Magda Wierzycka, it is not worth an investor’s dime.The co-founder & chief executive of financial services company Sygnia Asset Management said in an interview...Read More
The Food and Drug Administration (FDA) may incorporate blockchain to improve drug and medical products reviews and recalls. In a speech at the Office of the National Coordinator for Health IT Third Interoperability Forum, on August 22, principal deputy commissioner Dr. Amy Abernethy, said the FDA is looking to modernize the way health care providers,...Read More
The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction...Read More
The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl. FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of “convertible virtual currency” (“CVC”) in facilitating the black market. According to the...Read More
Bitcoin miners are turning very bullish on the cryptocurrency’s price, according to data analytics firm Skew Markets.The London-based cryptocurrency group explained that miners are increasing their capacity to mine bitcoins, a behavior which typically reflects their interest in boosting their incentives. And the reason why they want to accumulate as much as bitcoins as they...Read More
Bitmain firm, Bitcoin (BTC) mining giant is purchasing more crypto mining chips that could result in a surprising profit of $1.2 billion. Cryptocurrency mining giant Bitmain Technologies will boost its size by roughly 50% in the next six months behind a supreme hardware order as leaked by the nearest source. Bitmain Technologies Targets 50% Capacity...Read More
For the most part, investors abiding by traditional investment strategies have avoided Bitcoin (BTC) like the plague.Legendary investor Warren Buffett, for instance, once called the cryptocurrency “rat poison squared”, later explaining that there isn’t much inherent value in the project. Other notable players in finance and politics, including U.S. President Donald Trump, have echoed this...Read More
A blocked Bitcoin donation to help the fight against the Amazon Rainforest fires has become the latest publicity headache for BitPay. BitPay Fails To Resolve BTC Freeze According to a social media exchange on August 23, the embattled cryptocurrency payment processor is facing fresh criticism after it failed to allow a $100,000 Bitcoin 00 donation...Read More
Retail and institutional investors alike are increasingly turning to safe-haven assets like gold and bitcoin. | Source: Shutterstock By CCN Markets: As the fear of an upcoming global recession is continuously surging, the interest in safe haven assets, like bitcoin and gold, is growing too. And now a major Australian news publication deems the two...Read More
The week has ended with reclamation of five figure prices by bitcoin. Some of the altcoins have been marginally dragged up with it, but many including Ethereum are still looking extremely weak. Bitcoin Back Over $10k The past five instances bitcoin has dropped into four figures have been brief encounters. There is clearly a mass...Read More
The market chop has continued all week as Bitcoin has oscillated between $11k and the high $9k price ranges. It has not remained in four figures for long but analysts are tending towards bearishness in the short term.Bitcoin Buyers Still Below $10kFrom its low of $9,750 yesterday, BTC recovered to reclaim the $10k level pretty...Read More
A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stablecoins and exchange services from giants Binance,...Read More
According to expert predictions, the Bitcoin dominance registered on CoinMarketCap has been tweaked for liquidity. Forecasting that in reality, the dominance could cripple the survival of Altcoins. As the current value of Bitcoin hovers around $10,000, it’s dominance upsurges in correspondence. According to CoinMarketCap’s estimate as at Thursday, 5th August. BTC dominance was sitting around seventy...Read More
Cryptocurrency exchange Binance has confirmed user funds are not at risk after a reported technical problem began affecting withdrawals. According to CEO Changpeng Zhao, also known as CZ, the situation was being resolved on Aug. 23, while funds security was not compromised. “Funds are #safu,” he wrote on Twitter, employing a now well-known catchphrase he...Read More
Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest. According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be responsible for raising and managing the fund in partnership with SeedInvest’s senior leadership team. The partner will be...Read More
Many litecoin (LTC) miners working to secure the blockchain and compete for block rewards have been unplugging their machinery following the cryptocurrency’s recent “halving” event, network data shows. Litecoin’s mining difficulty – a coded-in measure of how hard it is to solve the mathematical puzzles used to write blocks on the network – has dropped...Read More
John Bollinger, the creator of the widely used Bollinger Bands, has revealed that he has been in the crypto market for over three years. In an interview with Forbes, August 22, 2019, Bollinger revealed he entered cryptocurrency because he saw that it operated with less noise than the stock market. Bitcoin in 2016 was reminiscent of...Read More
Bitcoin price is currently correcting higher above the $10,000 resistance against the US Dollar.The price is facing many key resistances near the $10,250, $10,300 and $10,400 levels.There is also a connecting bearish trend line forming with resistance near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is likely to...Read More
Cryptocurrency startup Pundi X has partnered with major Venezuelan chain Traki, who will now offer Pundi X’s blockchain-based point-of-sale devices for crypto payments. Pundi X announced the expansion in an official blog post on Aug. 20. The device, called XPOS, will reportedly allow Traki’s customers to pay with top cryptocurrencies Bitcoin (BTC) and Ether (ETH),...Read More
Brian Kelly is bearish on the bitcoin price in the short term but believes there is a generational buying opportunity coming in BTC/USD. | Source: CNBC/YouTube By CCN Markets: The bitcoin price might have broken back above the $10,000 level today, but one notable trader isn’t impressed. Speaking on CNBC, crypto investor Brian Kelly, who...Read More
[embedded content] CoinDesk traveled down to West Palm Beach on Aug. 5 to cover Craig Wright’s second sanctions and contempt hearing. Wright, the self-declared man behind bitcoin, failed to comply with a court directive to produce a full list of his bitcoin addresses acquired prior to 2014, as part of a $10 billion lawsuit brought...Read More
