The US Department of Justice (DOJ) has indicted two Russian nationals for allegedly defrauding nearly $17 million worth of digital assets from cryptocurrency exchanges and their customers. Two Russians Allegedly Steal $17M In Crypto According to the DOJ’s official statement, the two Russians, Danil Potekhin (going under the username cronuswar) and Dimitrii Karasavidi (Dmitriy Karasvidi), ...Read More
Bitcoin surged intraday and topped at a new 2-week high of $11,100 but has retraced below $10,900 since then. Most altcoins recover from the recent losses, with Ethereum rising with 4% to about $380. Bitcoin To $11,100 And Back After trading at about $10,800 yesterday, it seemed that Bitcoin reacted positively to the US Federal...Read More
Within an hour of Uniswap launching its long-awaited UNI token and yield farming incentives, Ethereum started to grind slower under the pressure, and gas fees have surged as the transaction queue lengthens. Uniswap ETH Pools Launched The big draw for DeFi farmers is the four ETH based liquidity pools the Uniswap has just launched to...Read More
In the past month, the NASDAQ-listed company MicroStrategy bought $425 million worth of Bitcoin. CEO Michael Saylor brought out BTC’s unique qualities to serve as a hedge as the primary reason. However, not too long ago, Saylor’s opinion differentiated substantially as he claimed that Bitcoin’s “days are numbered.” MicroStrategy’s CEO expressed his rather adverse verdict...Read More
The Wyoming Banking Board has voted to approve an application for a special purpose depository institution (SPDI) charter of Kraken. In essence, Kraken has officially become the very first cryptocurrency exchange to become a newly chartered bank in the US since 2006, according to a NASDAQ report. This means that the exchange will get access...Read More
Ethereum bulls are currently trying to defend the 2019 high price at $364. The cryptocurrency is forming a descending triangle pattern on the 4HR charts. Against Bitcoin, ETH shows weakness as it starts to head back to the September support around 0.0329 BTC. ETH/USD – Etheruem Starts To Form Short Term Descending Triangle Key Support...Read More
They say crypto’s biggest appeal lies in how fast one can acquire ‘Lambos,’ fly ‘to the moon’ and get their ‘numbers to go up.’ The Lambo aspect is still relevant as folks are making insane money day in and day out. The other two, not so much. Although traders still bet on prices of Bitcoin,...Read More
Another day, another bad news for the people of Venezuela. Paxful has decided to stop supporting the country, giving users 30 days to withdraw their funds and preventing any new sign-ins. Throughout the day, users of the platform received an email, in which Paxful warned it had to “close its operations” in Venezuela after months...Read More
That is until today when the lead developer has submitted the first official proposal for the Phase 0 stage of the migration to Ethereum 2.0. Phase 0 EIP Submitted Ethereum developer Danny Ryan has submitted the first Ethereum Improvement Proposal (EIP) 2982 to the Github repository. This marks the first official step to getting Phase...Read More
Popular DeFi protocol Cream Finance’s staking mechanism has stopped working because of an input error in its smart contract, which has increased the distribution speed ten-fold. At the same time, the Cream Finance (CREAM) token continues plummeting in value and is down by 50% in the past 24 hours alone. Cream Finance’s Tech Problem The...Read More
Bitcoin continues with its steady increase and reached an intraday high of $10,900. On the other hand, most alternative coins are losing substantial chunks of value, and BTC has increased its dominance over the market. BTC Nears $11K The primary cryptocurrency has been performing somewhat positive in the past few days. BTC marked a fresh...Read More
Intercontinental Exchange’s bitcoin derivatives arm, Bakkt, posted a fresh all-time high today. The New York-based company that started in 2018 stated that the latest record in BTC futures trading activity on its platform is a 36 percent jump from its previous all-time high. This comes after Bakkt clocked almost $150 million in bitcoin futures volumes...Read More
Bitcoin is stealing all of the attention right now in the crypto market, with a 1.6% gain over the past 24 hours while most altcoins have plunged into the red. According to Coinmarketcap data, $8 billion was added to the market today from 10:00 to 13:45 (UTC+1) and then quickly evaporated 4 hours later. The...Read More
In July 2020, Pierce announced he would participate in the 2020 US Presidential elections as an independent candidate. He was recently nominated as a presidential candidate by the Independence Party of New York due to the new ballot threshold law that puts the party under threat. Interestingly, Pierce does not hope to win the upcoming...Read More
XRP continued to move sideways this week as it trades along the 100-day EMA, beneath $0.25. The bulls are slowly climbing, but it is quite negligible. Against Bitcoin, XRP dropped beneath the September support at 2275 SAT today as the sellers take control. XRP/USD – Bulls Push Above 100-days EMA Key Support Levels: $0.243, $0.235,...Read More
The decentralized data network Bluezelle is working closely with the Web3 Foundation in order to further its services and provide them to the Polkadot Ecosystem. This will supposedly deliver distributed storage solutions to projects that are building on top of Polkadot’s Substrate framework. Bluezelle Enters Polkadot Ecosystem According to a press release shared with CryptoPotato, the...Read More
The NASDAQ-listed company providing business intelligence and mobile software MicroStrategy has added $175 million worth of Bitcoin to its portfolio. The addition comes just a month after the firm purchased $250 million of the primary cryptocurrency. MicroStrategy Doubles Down On Its Bitcoin Accumulation As CryptoPotato reported a month ago, the Virginia-headquartered company developing software to...Read More
US-based money services businesses, including cryptocurrency companies, will soon be able to enjoy trimmed down regulatory processes. The Conference of State Bank Supervisors (CSBS) reportedly plans to unveil a new joint group of state regulators that will oversee all licensing. Simplified Regulation Processes For Crypto Firms In The US According to the Reuters report, the...Read More
Bitcoin buy liquidations on BitMEX surpassed twice the volume of sell liquidations. And with aggregated open interest and daily volumes ticking higher, Bitcoin futures markets are looking bullish. Options markets have not stayed back either on the ‘being bullish’ front.’ Could this mean that traders are going long on BTC? Will the top cryptocurrency make...Read More
The United States Commodity Futures Trading Commission (CFTC) has filed a complaint against four individuals for defrauding investors of $1 million through an alleged Bitcoin investment scheme. Dubbed Global Trading Club (GTC), it operated as a BTC trading robot for over a year. CFTC Goes After GTC’s Members The Commission’s statement named the four people...Read More
Former hedge fund manager and current CNBC TV host Jim Cramer has changed his mind on Bitcoin. Appearing on Anthony Pompliano’s podcast, Cramer gave the reasons for his change of heart. Cramer Changes His Mind on Bitcoin CNBC’s Mad Money host has previously had a somewhat erratic relationship with Bitcoin. Although he claimed in 2017...Read More
Bitcoin’s 3.5% increase led to its highest price level in about 12 days, while also increasing its dominance over the market. The top 10 coins by market cap see more rotations, as some alts have followed BTC’s move upwards. Bitcoin Tops At $10,840 As reported yesterday, the primary cryptocurrency had issues with the resistance at...Read More
Yam Finance catalyzed the DeFi food farming frenzy in mid-August as it was one of the first to launch high yielding liquidity pools. The offering at the time was an experimental elastic supply, ‘zero-value’ token as a reward for liquidity providers. Yield hunters flocked to the unaudited platform despite warnings from its founders about the...Read More
The Nigeria Securities and Exchange Commission (SEC) has released a proposed cryptocurrency regulation guideline while classifying crypto assets as securities. Crypto Regulations Underway According to an official release on Monday (September 14, 2020), the Nigeria SEC announced that the commission is looking at a three-pronged approach towards regulating the crypto industry. The SEC also stated...Read More
Swisscom Blockchain will begin work on a cloud-based security layer for Polkadot after it was awarded a development grant by the Web3 Foundation. The security solution will focus on providing an extra layer of security for users who stake coins on Polkadot’s Proof-of-Stake (PoS) network. Swisscom Awarded Web3 Foundation Grant The Web3 Foundation oversees the...Read More
Bitcoin’s price has finally broken above the $10,580 range high and is now surging towards the psychological $11,000 mark. The increase appears to have been caused by an influx of $12 billion flooding into the crypto market during the US trading session. This uptick in investment has helped lift the entire market back into the...Read More
Analyzing Bitcoin on-chain data and market behaviors, a collaborative report published by OKEx insight – the research division of OKEx crypto exchange – and blockchain data firm Catallact reveals that smart money investors and institutional players may have been buying BTC since the COVID-19 outbreak. On the Bitcoin blockchain, as the amount of BTC being...Read More
Etheruem saw a 6.3% price rise this week as it hits $375 today. The coin bounced 7% from yesterday’s low. Against Bitcoin, ETH reached as high as 0.0371 BTC during the weekend. It has since dropped to 0.0352 BTC. ETH/USD – Ethereum Bulls Attempting To Wake Up Key Support Levels: $364, $350, $336.Key Resistance Levels:...Read More
Bitcoin and cryptocurrencies present numerous advantages over the traditional financial systems, including faster transactions, while paying only a fraction of the cost. The decentralized nature, meaning a lack of central authority behind them, has attracted lots of fans, investors, and users over the past decade. However, this same feature could also display some serious issues...Read More
One of the world’s leading and popular Bitcoin derivatives exchanges, BitMEX, has installed Blockstream’s Bitcoin satellite system. It’s a way to download and to verify Bitcoin’s blockchain through a satellite without having to be connected to the Internet. Apart from the fact that one of the leading exchanges is showing open support for Bitcoin, this...Read More
