What a weekend it was for Bitcoin. The primary cryptocurrency had breached to the 5-digit territory and concluded over $1000 addition to its value just in the past seven days. In our most recent Bitcoin analysis from two days ago, we stated that: “In case of a breakout – we are likely to witness Bitcoin...Read More
Bitcoin used to show a higher correlation to the stock markets, especially amid the lowest point of the pandemic. However, it has taken a different route during the last few days. Bitcoin-S&P 500 Correlation Departs from ATH Typically, Bitcoin is regarded as an independent asset that often acts as a safe haven. Its fundamentals are...Read More
A recent report revealed that while 70% of organizations based in Mexico utilize cloud services, their networks are alarmingly exposed to external threats. Local companies have particularly complained that the number of cryptojacking cases has increased in the past year. Cryptojacking Rises In Mexico The so-called cryptojacking term relates to cases when an attacker gains...Read More
Ethereum saw a massive price increase over the past 24 hours, which allowed it to push above the $300 level. The cryptocurrency continued to drive upward from $300 today as it reached as high as $320 before dropping. Against Bitcoin, Ethereum created a fresh 2020 high as it reached 0.0317 BTC. ETH/USD: Break Above $300...Read More
Crypto security expert Harry Denley has done it again. The antiphishing professional, in association with Binance, helped a victim get back $10,000 worth of lost cryptocurrency. Previously ‘Helping Harry’ had recovered $4000 worth of stolen crypto funds for a user. Fake MetaMask and Uniswap UI Used for Stealing Crypto In his latest blog article, Harry...Read More
It appears to be obvious that the boring days of Bitcoin trading are over. The cryptocurrency went on a spree over the past week, gaining more than 10% and breaking the coveted $10,000 mark for the first time since June. Bitcoin Price Does it Again: Over $10,000 The past couple of weeks were fairly boring...Read More
Bitcoin continued its steady bullish move, and currently trading safely around the $9,700 mark, while Ethereum has breached above the $300 level. Other altcoins have also marked significant gains in the past 24 hours, thus reducing BTC’s dominance over the market towards the 60% dominance, which is a new year low. Altcoins On The Rise...Read More
The space of Decentralized Finance (DeFi) is undoubtedly where all eyes are right now. The value locked in lending protocol continues to surge, and it shows absolutely no signs of slowing down. Every day is riddled with exciting events. Today, one of the recently launched DeFi tokens, YFI, brings returns upwards of 35,000% to those...Read More
Rich Dad, Poor Dad author Robert Kiyosaki doubled-down on his vision that Bitcoin has the same role among young people as gold has among the elderly. He also noted that BTC and precious metals “make people smarter, richer, and stronger against Fed.” Bitcoin Will Make You Smarter And Richer: Kiyosaki The author of the New...Read More
Switzerland-based digital asset service company Bitcoin Suisse has successfully raised nearly $50 million in a Series A financing round. The company plans to utilize the funds to enhance its staking services and custodial solutions before initiating an STO. Bitcoin Suisse Raises $50M As CryptoPotato reported in May, Bitcoin Suisse AG planned to hold new funding...Read More
Bitcoin maintains its position above the $9,500 level, while some altcoins mark impressive gains. Rumors from Binance CEO CZ about an upcoming DeFi involvement send BNB upwards. At the same time, the US stock market indexes decrease in value a bit while gold broke above the coveted level of $1,900 per ounce. Gains In The...Read More
Quick recap: after almost a month of dull price action around the $9200 mark, Bitcoin finally managed to break out. Last Tuesday, we saw a mini-rally in BTC, while the price went up to the next marked resistance at the descending yellow line (shown on both charts below), which is also the $9650 resistance –...Read More
A US federal court ruled that Bitcoin is a form of “money” covered under the District of Columbia’s (D.C.) Money Transmitter Act. The conclusion is part of a criminal action involving the U.S. versus Larry Dean Harmon, who operated a Bitcoin mixing platform. U.S. Court Regards Bitcoin as Money in Charges Against Helix Operator In...Read More
This week, unlike many of the previous ones, was full of excitement on the entire cryptocurrency market. For once, Bitcoin woke up from its sleep and staged an impressive performance, gaining about 5% of its Dollar value. While this may not sound like a lot for a whole week of trading, it’s important to remember...Read More
Bitcoin Bitcoin saw a strong 4% price rise this week, which saw it hit the $9,500 level. The cryptocurrency started the week by trading at the lower boundary of a symmetrical triangle near the $9,000 support region. From there, it rebounded higher, which allowed Bitcoin to break above the triangle and exit the previous phase...Read More
ESPN Global has recently developed an online gaming platform with blockchain technology. The E-Sports Programming Network’s gaming environment will allow users to compete with each other in a variety of game battles and tournaments, where they’ll be able to win money. Players Can Make Payments Via Bitcoin According to a news report, the upcoming platform will...Read More
Russian chess grandmaster Garry Kasparov is a supporter of blockchain, cryptocurrencies, and Bitcoin in particular. In a recent interview, he outlined some of the digital assets’ merits, including increasing personal protection and allowing people to reclaim control over their finances. Kasparov Believes Bitcoin Is Here To Help Arguably the greatest chess player of all time,...Read More
Ampleforth (AMPL) was listed on the popular cryptocurrency derivatives and spot exchange FTX yesterday. While a spot listing is something that no one would question, FTX also listed AMPL for futures trading under their Perpetual contract. This raised more than a few eyebrows, mainly because of the cryptocurrency’s underlying mechanics and its impact on spot...Read More
Anthony Ghosn, the son of former Nissan boss Carlos Ghosn, revealed to prosecutors that he paid about $500,000 in cryptocurrency to one of the two men who helped Carlos break free from Japan. Carlos Ghosn’s Son Transferred Half a Million in Cryptocurrency Through Coinbase According to Reuters, US prosecutors said in a court filing that...Read More
The total market capitalization has lost about 4 billion of its value in the past few hours, and the question is if this is simply a correction or a trend reversal. At the same time, the precious metal market continues to soar with record gains, particularly silver. Crypto Market Retraces By $4B Volatility returned to...Read More
Ethereum co-founder, Vitalik Buterin, recently posted on the progress being made on the interoperability between the two Ethereum chains. Serenity will usher in a completely new blockchain for the platform, but there will be a transition period when both the new and the old will need to work together. Work on “the eth1 -> eth2...Read More
Satoshi Nakamoto — the pseudonymous Bitcoin (BTC) creator — may have mined over 1.1 million bitcoins if the details from a recent report are to be believed. Early Bitcoin miners like Satoshi were able to use CPUs to secure the network during the project’s infancy. The $10.9B Satoshi Stash According to a report by Whale...Read More
Ethereum saw an impressive 13% price surge today as the coin reached as high as $276. This allowed ETH to break out of the previous phase of consolidation and turn bullish. Against Bitcoin, Ethereum is attempting to create a fresh high-day closing candle for 2020. ETH/USD: Bullish Breakout Could Start Surge Toward $300 Key Support...Read More
Bitcoin peer-to-peer (P2P) trading volume in several countries, including India, Mexico, and Argentina, has hit all-time highs this week, according to data from LocalBitcoins and Paxful. Regular People in Developing Countries Are Actively Trading Cryptocurrency During the last two months or so, Bitcoin has been more stable than ever, fluctuating between $9,000 and $10,000. Binance...Read More
XRP increased by 4% today as the bulls climb back above $0.2. The coin was trading at the .382 Fib Retracement for the majority of July and bounced higher from there. Against Bitcoin, XRP is within an acute descending triangle as the buyers battle to remain above 2100 SAT. XRP/USD: XRP Bulls Finally Reclaim $0.2...Read More
The Bank of Lithuania has officially launched its blockchain-based digital collector coin called LBCOIN. Although bank officials clarified that it’s not a CBDC, they suggested LBCOIN could eventually lead to releasing a central bank digital currency. Bank Of Lithuania’s Digital Collector Coin As CryptoPotato reported recently, the central bank of the Baltic country had finished...Read More
The increased number of fake Bitcoin giveaways on YouTube involving various celebrities has pushed Apple Inc co-founder Steve Wozniak to file a lawsuit against the platform and the parent company – Google. Wozniak Sues YouTube Because Of Fake BTC Giveaways Fake Bitcoin giveaways are a growing threat in the cryptocurrency industry. Scammers begin live streams...Read More
Link resumed its bullish trend after breaking above a crucial resistance line. Buyers may continue the trend if the price increases above the current monthly high. LINK/USD: Link Starts Fresh Increase From $7 Key Resistance Levels: $8.2, $8.6, $8.9 Key Support Levels: $7.6, $7.3, $7 Last week, Chainlink almost hit $9 after breaking above a...Read More
The Syscoin Foundation announced that the Syscoin Ethereum Bridge would be used and explored by the stablecoin of the world’s largest exchange, Binance (BUSD). Per the agreement, BUSD will be available on Syscoin’s network. The stablecoin, issued by Binance and Paxos, pegged 1:1 with the US Dollar, is approved and regulated by the New York...Read More
On Wednesday, July 15, Twitter accounts belonging to prominent individuals, including Elon Musk, Barack Obama, Bill Gates, Jeff Bezos, and a number of crypto industry executives, were commandeered by hackers who allegedly gained access to internal content moderation tools. A scam was posted requesting Bitcoin to get double the returns. The news went global, and...Read More
