Ethereum had dropped 5% on the weekly. However, there is strong support built upon the $380 area. The last time ETH daily closed below $380 was 2.5 weeks ago. Overall in August, ETH is mainly trading in the range between $380 – $400 and must break this range to dictate the next direction for the...Read More
In a statement released an hour ago, the Chairman of the US Federal Reserve, Jerome Powell, revealed a serious policy shift aimed at average inflation targeting. As a result, the prices for gold, silver, and Bitcoin pumped collectively immediately after the announcement. However, all three assets have also decreased in a similar manner minutes after...Read More
Police have reportedly arrested a Russian man for an attempt to recruit an employee in Nevada to plant malware on a Company’s network. In return, he promised him up to $1 million in cash and Bitcoin. The Offstage Attacker Was Reportedly Part Of A Larger Organisation As per the published court documents, Egor Igorevich Kriuchkov has...Read More
Polkadot is growing in popularity, and this has been thoroughly reflected in its price. In a matter of days, the project managed to occupy the 6th spot of the top 10 largest cryptocurrencies, boasting a total market cap upwards of $1.05 billion. Now, a team of developers has announced that it’s building a trustless general-purpose...Read More
Seven US-based giant companies, namely Facebook Inc, Apple Inc, Amazon.com Inc, Microsoft Corp, Alphabet Inc, Tesla Inc, and Salesforce.com Inc, gained nearly $300 billion in total market cap during yesterday’s trading session on Wall Street. This only goes to show how small the digital asset field is compared to the giants, as their one-day combined...Read More
Bitcoin’s chart looks pretty interesting right now. On the 4-Hour BTC/USD, there is a clear bearish convergence forming between the 50 and 100 EMA lines for the first time since July 22. This typically signals that there’s more downside to come as short-term momentum drops in comparison to the longer-range momentum. However, looking more closely at...Read More
Empire Market, the largest crypto darknet marketplace, has abruptly shut down. No communication was issued from the admins who seem to have siphoned away with user funds amounting to around $30 million in BTC. From the looks of it, this appears to be a pretty massive exit scam. Empire Market Exit Scams With 2638 BTC...Read More
The Libra Association, the entity behind Facebook’s future Libra cryptocurrency, has appointed its second general counsel in three months. Previously acting as the general counsel at the Homeland Security Department, Stevan Bunnell has replaced Robert Werner as the new Chief Legal Officer. Libra Appoints A New CLO According to the Bloomberg Law report, Robert Werner,...Read More
Fidelity Investments, an asset management company with about $2.7 trillion of assets under management, will reportedly launch its first Bitcoin-only fund. The product is oriented toward family offices, registered investment advisers, as well as other institutions and will require a minimum investment of $100,000. Fidelity Puts Its Name to a Bitcoin Fund Fidelity Investments is...Read More
Even though Russia has had an unstable relationship with crypto, this has not stopped other industries from giving blockchain technologies a chance. The country’s largest state-owned bank has partnered with a major airline in a push to sell passenger tickets for tokens. Sberbank Partners with S7 Airlines S7 – Russia’s largest airline after Aeroflot –...Read More
Police in Seoul has forayed the offices of one of the biggest crypto exchanges in South Korea, Coinbit. Allegedly the firm has faked more than 99% of its trading volume. Coinbit Banks Over $85M According to a recent news report, authorities stormed the offices of the company early today. The suspicion is that Coinbit has...Read More
XRP dropped by a total of 7% yesterday as it reached as low as $0.27. The coin has since rebounded together with Bitcoin and the rest of the large caps. Against Bitcoin, XRP is forming a bearish triangle on the 4-hour chart, as it is getting closer to its apex (there is a higher chance...Read More
House democrats Josh Gottheimer and Emanuel Cleaver have reportedly asked the Trump administration to provide further details on the recent seizure of Bitcoin and other cryptocurrency assets from three terrorist organizations, namely al-Qaeda, Hamas, and ISIS. Further Information Asked For A BTC Seizure CryptoPotato recently reported that the US Department of Justice had seized over...Read More
DeFi tokens continue to flood the markets as developers are minting new coins and listing them on Uniswap every day. While this might present an earning opportunity for some, the number of the so-called ‘rug pulls’ is also on the rise. Investors need to be extremely careful and selective when it comes to the tokens...Read More
The cryptocurrency derivatives exchange FTX has purchased one of the most utilized cryptocurrency applications – Blockfolio for $150 million. As a result, Blockfolio will add a retail trading experience for its over 6 million users. FTX Buys Blockfolio After recently launching a DEX focused on DeFi trading called Serum, FTX continues expanding, acquiring the popular app...Read More
A newly-detected scam has been luring users into a Bitcoin scam, Abnormal Security reports. The cybersecurity firm informs that cybercriminals have been impersonating the popular Bitcoin Era trading platform to attract investors, while actually infecting their online devices with malware. Emails, Mimicking BTC Era Platform The automated scam emails, which many users have reportedly received,...Read More
A brief glimpse at the Bitcoin price chart over the past decade clearly shows that we are in what appears to be the early days of the fourth bull market cycle. The asset has experienced multiple boom-and-bust cycles in its brief history, and three can be clearly identified with tops and bottoms. 600 Days Into...Read More
The cryptocurrency market has lost $20 billion from its market capitalization, as the majority of cryptos in the red over the past 24 hours. Bitcoin’s current weekly low is at $11,100, while Ethereum reached the target of $370 as predicted by CryptoPotato. The giant blockchain, Polkadot, is trading around $5.40 after the DOT token was...Read More
Data from popular cryptocurrency monitoring firm reveals that institutional investors had a record-breaking number of leveraged short positions in Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). While this might imply a lot of things, it appears that smart money is leaning toward bearish developments in the market. Of course, there’s always the possibility...Read More
The UK Financial Conduct Authority, responsible for financial regulations in the country, is looking to introduce further legislation that includes cryptocurrency firms. Such companies operating on the island may need to submit annual reports on how they deal with financial threats and crimes. UK FCA Explores Further Crypto Regulations In its latest consultation report, the...Read More
The crypto space is experiencing another red day today as a further $13 billion disappears from the market. This exodus of investment has caused Bitcoin to unravel $300 in the last 4 hours or about $1,200 in the last week. While there are no apparent catalysts for the current decline, Federal Reserve Chairman, Jerome Powell,...Read More
The cryptocurrency derivatives trading exchange FTX has launched a Uniswap futures index combining the top 100 pools on the Uniswap platform. At the same time, the company’s recently released DEX dubbed Serum focused on the growing DeFi trend, continues with new developments. FTX Lists a Uniswap Index FTX announced the launch of the Uniswap futures...Read More
The American multinational giant bank JPMorgan Chase & Co has entered into a strategic partnership with the blockchain-based company ConsenSys. As part of the deal, ConsenSys will acquire the bank’s enterprise blockchain platform – Quorum. ConsenSys Acquires JPM’s Quorum As reported earlier by Reuters, the New York-based blockchain startup has acquired Quorum and plans to...Read More
Binance, Houbi, and OKEx have revealed that they will support Qtum’s new offline staking feature, enabling users of the world’s largest exchange to earn QTUM rewards simply for hodling. Binance’s decision to support Qtum staking is a significant boost for the smart contract network as it embarks on a new phase in its development. In...Read More
Ethereum marked another failed attempt to overcome the $400 resistance. From there, the way to below $390 was quick. The cryptocurrency has been declining since ETH hit a 2-year High at $450 last week. Against Bitcoin, Ethereum attempted to break the 0.035 BTC resistance today but got was rejected and now facing a huge support...Read More
MicroStrategy publicly announced its adoption of Bitcoin as a primary reserve asset earlier during the month. The trend has now caught up on more firms. Canadian businesses Snappa, and Middle-Eastern food joint chain, Tahinis announced the allocation of their cash reserves to BTC. Canadian Firms Snappa Allocate ‘Significant’ Cash Reserves to Bitcoin In a blog...Read More
One of the well-known crypto investors, Brock Pierce, announced his candidature for office as an independent contestant. Now, Pierce has also revealed that Akon, the award-winning rapper, who’s also known for his interest in cryptocurrencies, will be his leading strategist. The two notably relate well as Brock Pierce continues to express the respect he has...Read More
Two months ago, Yearn was one relatively unknown decentralized lending aggregator among many emerging projects in the DeFi sector. From less than $10 million in total value locked into the protocol, it has exploded by over 7,500% to today’s TVL levels of $763 million. What’s more, its native governance token YFI has seen similar gains...Read More
Bitcoin took another swing at $11,800 but it got rejected and retraced to its current level of about $11,680. Ethereum has returned above $400, while lower-cap alts continue to fluctuate massively. Bitcoin Tries $11,800 As CryptoPotato reported yesterday, $11,800 is a key resistance standing in the Bitcoin’s way upwards. The asset indeed attempted to overcome...Read More
After having his name involved in a Bitcoin impersonation scam, Ryanair CEO Michael O’Leary said that he never has and never will invest in the cryptocurrency. He went even further by referring to BTC as a Ponzi scheme, which he avoids like “the plague.” Ryanair CEO Involved In BTC Scam The CEO of the low-budget...Read More
