Bitcoin worth roughly $500,000 was moved to one of Bitfinex’s hot wallets a couple of days back. This might seem like nothing but an ordinary transaction if it wasn’t for the fact that the BTC in question was mined back in May 2010, and it hasn’t been touched since. At the time, Satoshi Nakamoto, Bitcoin’s...Read More
Following the recent price decreases after the BitMEX and Donald Trump COVID19 news, Bitcoin has calmed and trades above $10,500. The situation with the altcoins is somewhat different as most continue struggling. Bitcoin Stays Calm After The Drops As reported yesterday, Bitcoin tumbled from $10,900 to about $10,450 in a matter of hours. The drop...Read More
To say that a lot has happened over the past seven days would be an understatement. Starting off with Bitcoin’s price, it’s currently trading at around $10,500, down $150 over the week. Everything was going relatively well for BTC. It peaked above $10,900, giving many people hopes that we will finally see a breach above...Read More
Bitcoin Over the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October. Unfortunately, Bitcoin...Read More
It pays to be a miner and process cryptocurrency transactions on a proof-of-work blockchain. The Ethereum miners know this especially well as they made a record $166 million last month from transaction fees. Bitcoin miners, however, could barely manage to scoop up $26 million. Ethereum Miners Made 6X More Money Than Bitcoin Miners in Sept...Read More
Bitcoin’s price continues to tumble in response to yesterday’s breaking news that the United States Commodity and Futures Commission (CTFC) and the Federal Bureau of Investigation (FBI) have both decided to take legal action against leading Bitcoin derivatives exchange, BitMEX. $18 billion has been wiped out from the global crypto market since the announcement, and over...Read More
Recent data revealed that cryptocurrency traders had withdrawn the first batch of 23,200 BTC (worth over $240 million) from BitMEX in the initial hours following yesterday’s developments. This substantial amount represented about 13% of all bitcoins held on the popular Bitcoin derivatives exchange. The Glassnode data indicated that this is the “largest hourly BTC outflow...Read More
The principal of a cryptocurrency escrow company, Jon Barry Thompson, has pled guilty in Manhattan federal court to commodities fraud. In 2018, he took over $3 million from one company and failed to deliver bitcoins worth that amount. Crypto Fraudster Pleads Guilty Thompson served as the director of Volantis Escrow Platform LLC and Volantis Market...Read More
Yesterday, the United States Commodity Futures Trading Commissions (CFTC) filed charges against BitMEX and its executive team, pressing both criminal and civil allegations. Its CTO, Samuel Reed, was arrested. The platform’s CEO, Arthur Hayes, and its cofounder Ben Melo are still under the radar. The news spread quickly throughout Crypto Twitter, and of course, the...Read More
Following a positive Covid-19 test result from one of Donald Trump’s closest aides, the POTUS himself took the test which produced the same result for him and the First Lady. He tweeted the news a couple of hours ago. Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process...Read More
Bitcoin was riding high around $10,900 before dumping below $10,500 following the controversial BitMEX news from yesterday. Most alts have copied the move downwards, resulting in a $15 billion loss for the market cap. Bitcoin Tumbles On BitMEX News As CryptoPotato reported yesterday, the US Commodity and Futures Trading Commission charged the owners of one...Read More
In a somewhat unexpected turn of events, the United States Commodities and Futures Trading Commission has pressed charges against the owner-operators of BitMEX for illegally running a cryptocurrency exchange and failing to comply with anti-money laundering regulations. As CryptoPotato reported earlier today, this had an immediate impact on Bitcoin’s price, which dropped by as much...Read More
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
