Recently emerged public documents indicate that the largest US-based cryptocurrency exchange –Coinbase – plans to sell blockchain analytics software to two US government agencies. At the same time, a Twitter poll suggests that almost 50% of participants would delete their Coinbase accounts. Coinbase To Sell Analytic Software To Government Agencies? The public records link the...Read More
After losing $35 on Tuesday, Bitcoin Cash slowly bounced back to about $256. Against Bitcoin, it is trading nicely above 0.026 BTC following a recovery from a four-week low. The mid-term target for BCH lies at 495 if it successfully breaks above the crucial $280 level. BCH/USD: BCH Charging Towards Key Resistance Again Key Support...Read More
Cryptocurrency intelligence company tracking crimes involving digital assets – CipherTrace – said in its latest report that crypto thefts, hacks, and frauds totaled $1.4 billion in the first five months of 2020. Cryptocurrency exchanges are becoming more aware of illegal funds coming from crimes and are implementing successful countermeasures, the firm added. $1.4B Worth Of...Read More
June started very violently for Bitcoin. On the first day of the month of June, the primary cryptocurrency recorded a 3-month high after touching the $10,500 resistance mark. However, the drop was even quicker, as Bitcoin price saw a free-fall to $9135 on Bitstamp, and even lower on BitMEX exchange. Over the past days, the...Read More
To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw...Read More
Bitcoin Bitcoin may have only seen a small 2.5% price surge over the last week of trading, but it was action-packed. On Monday, it surged from $9,426 and managed to rise as high as $10,430 to re-test the 2020 high. Unfortunately, it was unable to keep itself above $10,000 and dropped lower during the week...Read More
Ethereum’s hash rate has increased by nearly 30% since the start of 2020 to the current levels of 187,369 GH/s suggesting that miners are becoming more involved before the impending launch of Ethereum 2.0. ETH Hash Rate Rises In 2020 According to data from Etherscan, ETH’s hash rate started the year at approximately 147,405 GH/s....Read More
Ethereum surged by 15% over the past week of trading as it reaches $243. The coin broke above an ascending triangle pattern to end the consolidation during the week. Against Bitcoin, Ethereum has broken the upper boundary of a wide symmetrical triangle. Key Support & Resistance Levels ETH/USD: Support: $240, $225, $220. Resistance: $245, $250,...Read More
Cardano recorded 7% gains to reach $0.0917 in two days as bulls remain in charge The price is now facing a crucial resistance line on the hourly chart ADA/USD: Cardano Holds Weekly Support At $0.074 Key Resistance Levels: $0.0917, $0.095, $0.1 Key Support Levels: $0.082, $0.074, $0.07 ADA/USD. Source: TradingView Last week, Cardano saw an...Read More
Bitcoin is on course to reach and possibly break its all-time high level of $20,000 by the end of the year, says Bloomberg’s latest report. It adds that BTC has matured as an asset in the past several months, which is supported by the increasing number of similarities with gold and its performance during the...Read More
This week had been quite volatile, even for Bitcoin. After the primary cryptocurrency broke-up to the 2020 highs near $10.5K, followed by a quicker drop back below the same critical trend-line, BTC is left now at the same levels it was trading at for the majority of the past week. The bottom line is that...Read More
The President of the United States, Donald Trump, has tapped Hester Peirce for a second term as a member of the Securities and Exchange Commission (SEC) as her current one is set to expire on June 5th, 2020. Peirce is a vocal defendant of Bitcoin as she opposed the rejections of a Bitcoin-based ETF by...Read More
Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate – called AMERIBOR – could serve as a potential replacement to LIBOR. Blockchain Project To Replace LIBOR? The London Interbank Offered Rate (LIBOR) has a significant role in global finance. It’s utilized to...Read More
The inflow of Bitcoin to cryptocurrency exchanges more than quadrupled on June 2, when the Bitcoin price crossed above the $10,000 price range for the first time since February. Bitcoin Holders Trying to Sell at $10,000? Data courtesy of Glassnode reveals a sharp spike in the volume of Bitcoin transferred to exchanges during BTC’s rise...Read More
The man, known as Bitcoin Jesus, has urged people to start using cryptocurrencies instead of what he calls “police money,” if they want to show their opposition to a corrupt justice system. Founder and Executive Chairman of Bitcoin.com, Roger Ver, said in a YouTube video posted on June 3 that the best way to prevent...Read More
Trezor, the company offering hardware cryptocurrency wallets, announced a firmware update 1.9.1 for Trezor One and 2.3.1 for Trezor Model T devices. The introduction of the upgrades will fix a security vulnerability regarding SegWit transactions discovered three months ago. The Vulnerability In Question As today’s blog post from the company explains, Trezor requires the previous...Read More
XRP saw a sharp 4.7% price drop today as it trades at $0.204. The coin has been trapped within a descending triangle pattern for the past month with a support floor at $0.192. Against Bitcoin, XRP continues to trade at the 2-year lows as the buyers battle to defend it from slipping further. Key Support...Read More
Popular Japanese cryptocurrency exchange Coincheck informed that it became a victim of a data breach a few days ago. While the company said that all customer funds are safe, the perpetrators may have gathered users’ personal information and emails. Unauthorized Breach At Coincheck According to the statement from the Japanese platform, “a third party” had...Read More
Co-Founder and CEO of Blockstream Adam Back believes that Bitcoin could reach $300,000 in five years due to the current economic situation worldwide. In an interview, he also refuted the recent claims that he is the mysterious person behind BTC – Satoshi Nakamoto. Bitcoin To $300,000 By 2025? In his recent interview with Bloomberg, the...Read More
Elrond (ERD) gained about 25% against the US dollar over the last 24 hours. The bullish momentum follows the announcement that the project is launching a $40,000 reward program as part of its upcoming incentivized stress test. Elrond (ERD) Gains Almost 25% Despite the current red spread across the cryptocurrency markets, Elrond (ERD) is one...Read More
Recent Chinese reports informed of hidden Bitcoin mining rigs stealing electricity in the northern city of Daqing. Interestingly, the perpetrators were concealing their operation under two mysterious grave mounds in a relatively empty field. BTC Mining Operations In Hiding According to the recent report, a Chinese oil field company sent a tip to local police...Read More
Chinese Blockchain giant Neo will collaborate with the Korean-based project FLETA on the launch of a clinical trial data registry platform based on blockchain technology. Blockchain Technology in the Medical Field The clinical trial data registry is up to the test to make things easier and more secure, addressing eventual data manipulation in the medical...Read More
The celebration of Bitcoin bulls for bringing the price above $10,000 was nothing but shortlived as the leading cryptocurrency collapsed to $8,500 in less than five minutes. Bitcoin Nosedives to $8,600 on BitMEX Those who have been involved in the cryptocurrency field long enough probably know that there’s rarely a dull day with Bitcoin. In...Read More
The price increased by 7% to reach $265 today after facing tough resistance at $230 Bitcoin Cash is ready for a long-term move, but it would need to surpass crucial resistance at $281 Against Bitcoin, the price breaks away from a bearish zone after a 3% increase BCH/USD: BCH Is Slowly Rising Back Key Support...Read More
Ethereum surged by a total of 6% over the past 24 hours of trading as the coin breaks $250. Before this, ETH was struggling with the resistance at $244 – which has now become strong support. Against Bitcoin, Ethereum remains within a wide symmetrical triangle as it attempts to break the upper boundary again. Key...Read More
Recent data revealed that the number of Tether (USDT) transfers to cryptocurrency exchanges had reached an all-time high. Interestingly, this preceded the latest price increases within the cryptocurrency market. USDT Goes To Exchanges According to the data provided from the monitoring resource company, GlassNode, the number of Tether transfers to exchanges has been surging in...Read More
The United States government has recently added a top Venezuelan official to its list of most-wanted fugitives while offering millions of dollars as rewards to anyone who can provide useful information that would lead to his arrest. A Monday statement revealed that the U.S. Immigration and Customs Enforcement’s (ICE), a unit of the Homeland Security...Read More
Bitcoin surged above $10,000 for the first time since February, and it took the entire market with it. Altcoins are all flashing in green, as the total capitalization increased by more than $13 billion overnight. Now, a popular cryptocurrency trader pointed out that the chart of the total market cap went through the same pattern...Read More
Bitcoin managed to break the psychological barrier of $10,000 hours ago. During the price surge, however, the leading US-based cryptocurrency exchange, Coinbase, experienced technical issues and was not functioning for about an hour, again. Bitcoin Up, Coinbase Down As CryptoPotato reported earlier today, the primary cryptocurrency finally broke the $10,000 resistance level after several consecutive...Read More
The new month of June brings new vibes to the primary cryptocurrency. After five failed attempts to break the $10,000 resistance level and its descending trend-line during the month of May, it finally happened on the first day of June. Bitcoin price just broke the huge resistance and spiked to reach a high of $10,500...Read More
