According to new research, the recently alleged crypto asset Ponzi scheme PlusToken may be the largest in history. The study, conducted by Elementus, shows that around $2 billion worth of Ether (ETH) tokens were involved in the scheme.Given that the operation accepted payments in a range of other cryptocurrencies, as well as by the Ethereum...Read More
Bitcoin price has struggled to regain the same powerful bullish momentum it had starting in April through July, but crypto bulls also haven’t given up the fight and have managed to keep Bitcoin price from falling far below $10,000.The post appeared first on NewsBTCRead More
A scammer who sold people’s personal details on the dark web has been ordered to forfeit $1.12 million worth of Bitcoin. Grant West, also known as “Courvoisier “, gathered sensitive information about individuals using a phishing scam targeting a popular online takeaway ordering service and other well-known British retailers.The investigation and subsequent confiscation is the...Read More
There are always some odd developments in the cryptocurrency industry. Earlier today, a press release surfaced on Yahoo Finance. They claimed XRP was trading at over $9.35 on the Investing.com Index. That is quite interesting, considering the actual market value is a lot lower. Don’t get Your XRP Price Hopes up There is a very...Read More
Since the announcement of Facebook’s Libra cryptocurrency, the crypto market and even the tech sector has never been the same. It’s got regulators up in arms about Bitcoin, crypto assets are crashing, and the project may not ever even see the light of day. Even partners have started to abandon the project.The post appeared first...Read More
The crypto market is highly volatile and assets such as Bitcoin, Ethereum, and EOS experience wild price swings. On cryptocurrency margin trading exchanges, these wild price swings are further amplified by traders trading on up to 100x leverage.The post appeared first on NewsBTCRead More
One of the main drawbacks associated with the cryptocurrency market is its highly volatile price activity. The volatility was and still is, considered a major hindrance when it comes to the mass adoption of virtual assets. The introduction of stablecoins was meant to tackle this associated crypto-volatility. However, not all stablecoins operate the same way...Read More
Bitcoin began an impressive price surge minutes after China announced that it would slap additional tariffs on US goods.Beijing said late Friday that it would increase taxes on $70 billion worth of US imports of between 5 and 10 percent. That progressed its already worsening trade dispute with Washington which last week had announced a...Read More
Bitcoin forayed into the financial markets ten years ago and became a benchmark asset to a new wave of trading instruments now known as cryptocurrencies. But for South Africa’s richest woman Magda Wierzycka, it is not worth an investor’s dime.The co-founder & chief executive of financial services company Sygnia Asset Management said in an interview...Read More
Reports are emerging that the Trump Administration has taken another dig at digital currencies. As usual mainstream media outlets are running with the FUD, spouting stories of despair as Bitcoin does not bat an eyelid and continues its consolidation.China Targeted in Drug EpidemicTwo advisories were issued yesterday by the White House warning over the use...Read More
For the most part, investors abiding by traditional investment strategies have avoided Bitcoin (BTC) like the plague.Legendary investor Warren Buffett, for instance, once called the cryptocurrency “rat poison squared”, later explaining that there isn’t much inherent value in the project. Other notable players in finance and politics, including U.S. President Donald Trump, have echoed this...Read More
The market chop has continued all week as Bitcoin has oscillated between $11k and the high $9k price ranges. It has not remained in four figures for long but analysts are tending towards bearishness in the short term.Bitcoin Buyers Still Below $10kFrom its low of $9,750 yesterday, BTC recovered to reclaim the $10k level pretty...Read More
The blockchain revolution starting with Bitcoin had a great impact on the world, not just because it highlighted the importance of a decentralized financial system, but mainly because it highlighted how distributed systems can put power back in the hands of consumers. A recent study by Placeholder, a New York-based investment firm, compared cost structure...Read More
One of the biggest criticisms over the crypto market is due to its wild west environment where anything goes. It’s allowed for the sale of unregistered securities, scams, and much more.The post appeared first on NewsBTCRead More
Japan is a prominent country for blockchain and cryptocurrency activity. So much even that government officials are building a new type of infrastructure. It is labeled as the “SWIFT of cryptocurrency”, although living up to those expectations won’t be easy. This new network will be used on an international scale and aims to thwart money...Read More
At the end of 2017 and the height of the crypto hype bubble, investors seeking ‘the next Bitcoin’ bought up altcoins en masse after learning that many alts, such as Etheruem, Ripple, and Litecoin, had spiked over 1000% and outperformed even Bitcoin.The post appeared first on NewsBTCRead More
Any good investor, trader, or financial analyst – be it Bitcoin, crypto, or traditional financial markets – conducts due diligence such as fundamental analysis and technical analysis before and while taking a position, to minimize risk and maximize reward.The post appeared first on NewsBTCRead More
Ripple continues to build its ecosystem whenever possible. Particularly its RippleNet solution is of great interest to remittance providers. Numerous companies are already embracing this technology today. It now seems another name can be added to that list in the form of Xendpay. This further validates the technology stack on a global scale. What is...Read More
Bitcoin price is struggling to get back above $10,000 following recent bearish price action. Last week, Bitcoin dropped nearly $2,000 within 48 hours, and while there was a week of relief in between, the bearish sell pressure appears to have picked up steam once again.The post appeared first on NewsBTCRead More
Your favorite altcoin may be up 100% year-to-date, but make no mistake, Bitcoin is currently the alpha of the cryptocurrency pack.Related Reading: Bears in Charge as Bitcoin Price at Risk of November 2018 Style DumpSince Bitcoin dominance hit some 32% in early-2018, altcoins have underperformed. Dramatically. In fact, dominance for the leading cryptocurrency now sits...Read More
Bitcoin price cycles can be influenced by a number of factors, FOMO and public sentiment is one, and mining profitability and difficulty is another. Two separate Bitcoin data researchers have offered their insights as to why the current BTC market cycle still has a long way to go.BTC Mining Profitability and DifficultyOne measure of the...Read More
For the fifth time since its 2019 rally began, Bitcoin has dipped back into the four figure price range. The move has not been unexpected, however it is clear that this bull run has exhausted its supply of buyers for now. If BTC dominance declines, will it be a chance for the altcoins to shine?Bitcoin...Read More
Most cryptocurrency enthusiasts are not aware of Bitcoin supporting smart contracts. Despite what most may claim, Bitcoin has supported this technology for many years now. It has never been a popular option to explore, but it was still worth taking note of. Miniscript, a new smart contract language for Bitcoin, was introduced only recently. How...Read More
Belgium’s Financial Services Authority (FSMA) has added new warnings to its list of firms thought to be involved with crypto-related fraud. The financial watchdog has now alerted the nation’s investing public to a total of 121 different scam cryptocurrency-focused investment prospects since it started listing them in early 2018.The FMSA is one of the few...Read More
Throughout much of 2018, support at $6,000 acted as the absolute Bitcoin price floor, with each time bears pushed the price of the first-ever crypto-asset down to the range, it would reverse and rally – only to stop short of ever setting a new higher high.The post appeared first on NewsBTCRead More
SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants. The agency has reason to believe that it was officials at the facility that had installed the unauthorised hardware.The SBU alleges that the internet connection installed to facilitate the mining operation posed a significant security...Read More
Among the many reasons that make Bitcoin unique, is that it’s designed to be a global currency accessed by anyone, anywhere, without restriction. Because of this, the first-ever crypto asset is used across the world in different capacities, affected by culture, economic conditions, regulation, and more.The post appeared first on NewsBTCRead More
Bitcoin has long been pitched as the digital version of gold – a precious metal that’s long been used as a store of wealth, transfer of value, and features many of the attributes that Bitcoin is lauded for, such as scarcity.The post appeared first on NewsBTCRead More
Security token offerings are still a very niche market. While there is merit to this model compared to ICOs, investors have cooled off on blindly investing in tokens and assets. In Europe, things are not looking all that bad, despite some initial growing pains along the way. A healthy increase in successful tokenized projects shows...Read More
Following a strong rally back toward $11,000 that was stopped roughly $50 short, Bitcoin price has now broken back below $10,000 yet another time during the month of August.The post appeared first on NewsBTCRead More
