Bitcoin’s price was advancing relatively well over the last couple of days but now things took a turn for the worst. The cryptocurrency went on to lose more than $400 of its value, at the time of this writing, in less than an hour. It was trading at almost $10,900 before plunging down to where...Read More
In a recent tweet, the popular Bitcoin proponent and permabull Mike Novogratz explained the reasons for which he got into it. He also said that if BTC’s price reached $100,000, he would donate most of his profits to charity. Mike Novogratz and Why He Got into Crypto and Bitcoin One of the things that make...Read More
Twitter CEO Jack Dorsey has openly criticized Coinbase CEO Brian Armstrong following a recent controversial post urging employees of the exchange to steer clear from political discussions. Dorsey, however, believes that the whole purpose of the cryptocurrency field is social activism. Armstrong Highlights The Coinbase Core Mission In a post shared over the weekend, Armstrong...Read More
Is the era of the transparent Monero approaching? The United States government hopes so. After several days of waiting, the IRS finally granted a contract to Chainalysis to develop a tool that will allow authorities to track privacy coins like Monero and second-layer solutions like Lightning Network. Cracking Monero is an Expensive Task According to...Read More
Despite briefly dipping to $10,660, Bitcoin has slightly increased in value since yesterday and trades above $10,800. At the same time, Ethereum has spiked by about 2% to above $360, while more volatility is evident from lower and mid-cap altcoins. Bitcoin To Above $10,800 After an unsuccessful attempt to conquer $10,800 yesterday, Bitcoin headed south...Read More
September has never been a particularly great month for Bitcoin’s price historically, and this year has cemented that fact. Assuming prices will remain where they are at the close, Bitcoin prices will be down 7.5% from the monthly open. Last year during September, the asset fell 13.5% and the year before that it was down...Read More
Venezuela’s cryptocurrency story continues as the country’s President Nicolas Maduro has presented new use cases. A recent report informed that the South American nation is studying the possibility of using digital assets in trades alongside the national Petro. President Maduro has presented new anti-sanctions law in the Constituent National Assembly. In a recent speech, he...Read More
The highest judicial institution of the Pakistani province of Sindh has requested the federal government alongside the Federal Investigation Agency (FIA) and the State Bank of Pakistan (SBP) to submit a detailed reply on the ban on cryptocurrency dealing in the country, local media reported Wednesday. The Ban The court hearing is coming after it...Read More
“Will you shut up, man?” “You graduated either the lowest or the next lowest in your class, don’t ever use the word ‘smart’ with me!”, “Maybe you could inject some bleach in your arm.”, “It’s hard to get any word in with this clown.” …no, this is not an argument between two heated-up highschool teenagers...Read More
After marking another price increase from $10,640 to $10,860, Bitcoin has slowed down around $10,750. Most larger-cap alts have remained relatively calm on a 24-hour scale. Binance Coin is once again the exception and BNB nears $30. Bitcoin Trades Around $10,750 As Bitcoin failed to reclaim $11,000 yesterday, the asset headed downwards and dipped to...Read More
Filb Filb is arguably one of the most reputable Bitcoin traders in the field. His attention to detail is obvious, and he’s known for his precision and accuracy when charting cryptocurrencies for his audience. He’s got a following of almost 50,000 people on Twitter, while his Telegram trading journal has more than 14,000 users in...Read More
Twitter chief Jack Dorsey is not letting up on his Bitcoin (BTC) and blockchain evangelism, describing the novel tech as the future of the microblogging platform. Twitter on the Blockchain Appearing at the Oslo Freedom Forum 2020, Dorsey remarked: “Blockchain and bitcoin point to a future, and point to a world, where content exists forever,...Read More
The owner of a cryptocurrency exchange has been recently convicted in a transnational scheme of defrauding people through an online auction fraud. Court says the scam reached a multi-million dollar scale. At Least 900 Americans Victimized As per a recent report, people who suffered from the fraud were probably more than 900 American citizens. According to...Read More
One is called the difficulty ribbon, and it has just broken out of the green buy zone for the first time since March in terms of compression. The metric was reported by analytics provider Glassnode, which added that historically, these had been periods characterized by a positive momentum indicating significant price increases. #Bitcoin Difficulty Ribbon...Read More
After failing to reclaim the $11,000 level again, Bitcoin got rejected and dipped below $10,700. Most alternative coins have followed BTC’s move downwards, and the market cap has lost about $6 billion since yesterday. Bitcoin Fails At $11,000 In the past few days, Bitcoin made a few attempts to challenge the coveted $11,000 line but...Read More
The University of Cambridge’s third Global Cryptoasset Benchmarking Study is here. Highlights from the report point to an almost 200% growth in the number of cryptocurrency users over the last two years. The extensive digital asset market study by Cambridge also revealed that year-on-year growth in all segments dropped to 21 percent in 2019 from...Read More
Bitcoin price has finally broken bullish out of a 3-day channel (orange) and making good progress towards the psychological $11,000 level above. The return of $9 billion to the global crypto market today has allowed BTC to return above $10,900 for the first time in 7 days and caused over $9 million worth of short...Read More
Newly aggregated data suggests that the hackers that recently compromised KuCoin’s hot wallets may have taken more than the estimated $150 million, as per the exchange’s report. Considering the updated numbers, the KuCoin hack would be the third-largest in history, with approximately $280 million stolen. The KuCoin Hack: $280M Taken Instead Of $150M? As CryptoPotato...Read More
Grayscale has enlarged its Bitcoin Trust, as 17,100 BTC were added to Grayscale’s funds at current prices, as the investment is worth approximately $186 million. Grayscale BTC Trust. Data by Bybt Crypto AUM Approaches $6 Billion The total assets under management (AUM) for all Grayscale Investments crypto funds totaled $5.8 billion according to its last...Read More
Bitcoin has continued to gradually increase in value and even came close to challenging $11,000 earlier today. Including some impressive gains from altcoins. The total market cap has increased by $10 billion since yesterday’s dip. Bitcoin Closing Down On $11K? As reported yesterday, the primary cryptocurrency hovered mostly between $10,650 and $10,750. Shortly after, however,...Read More
The popular digital asset exchange Huobi Group has compiled a study exploring the investment profiles of cryptocurrency traders in emerging markets. It concluded that digital assets such as Bitcoin and Ethereum have become “the first point of entry to financial management for many individuals.” The majority of the survey’s participants came from Europe, Asia, Africa,...Read More
ARK Investment Management LLC thinks that bitcoin is an asset with one of the most attractive risk-reward profiles. In a recent analysis, the New-York based investment advisory firm made a pretty optimistic call regarding BTC’s growth. Bitcoin’s network valuation could balloon to $1 – 5 trillion in the next 5-10 years. From $200 Billion Today...Read More
Although Bitcoin has been trading mostly in the five-digit territory for the past two months, the retail interest towards the asset seems to be declining. Data from Google Trends reveals that the “Bitcoin” searches are at their lowest levels since the COVID-19 crisis emerged during March 2020. Bitcoin and Google Trends 2020 Edition The Google...Read More
Bitcoin has remained relatively calm since yesterday, however, couldn’t overcome the following marked descending trend-line on the 4-hour chart, just around $10,800. The situation among larger-cap altcoins is rather similar, except for Binance Coin (BNB), which has climbed to the 6th position. Bitcoin Can’t Break Above $10,800 In the past 24 hours, the primary cryptocurrency...Read More
A few hours ago, the Asian exchange KuCoin announced that it suffered a hack that caused millions of dollars in losses. A hacker, or a group of hackers, gained access to the platform’s hot wallet and stole more than $150 million in Bitcoin, Ethereum, and other cryptocurrencies. The funds held in a hot wallet are...Read More
Although China still categorizes Bitcoin and other cryptocurrencies as illegal, several state-owned media outlets purportedly ran reports describing them as the best-performing assets since the start of the year. Bitcoin And Crypto Run On Chinese Media A popular state-owned media under the name Xinhua News Agency set the tone yesterday by citing a Bloomberg report...Read More
The Internal Revenue Service (IRS) seems to have found a way to block crypto tax evasion, following an update of its tax form. IRS: No Excuses for Crypto Traders According to the Wall Street Journal on Friday (September 25, 2020), the IRS is planning to alter its 1040 tax form. The revised tax form will...Read More
A recent report suggests that the amount of Bitcoin stored on exchanges is declining while BTC whales increase their holdings and that’s bullish for Bitcoin’s price. The paper also highlighted that investors have a much larger time horizon for their holdings now compared to previous years. Bitcoin Stored On Exchanges Drop In its latest report...Read More
In a dedicated live stream, KuCoin’s CEO noted that although why he cannot reveal how much of the company’s total assets were affected during the hack, the stolen fund amount is “small for KuCoin.” The exchange will cover all the losses with its insurance fund. The company first noticed the abnormalities at 2:51 AM, Sept...Read More
Bitcoiners in Venezuela don’t need the internet to send some Satoshis. Today, the crypto payments startup Cryptobuyer announced the successful launch of the first Bitcoin satellite node thanks to a collaboration between Cryptobuyer, Blockstream, and a team led by a crypto enthusiast named Aníbal Garrido. The initiative allows interacting with the Bitcoin blockchain without the...Read More
