Bitcoin has dropped towards the $9,300 level for the first time in the last 30 days as investors continue to explore traditionally perceived safe-haven assets against global market risks.The benchmark cryptocurrency plunged by $950 within a matter of a few hours. The move downhill coincided with the expiration of CME bitcoin futures contract, which typically...Read More
Syrk released a cheat plan for Fortnite players. This was malware in disguise. Fortnite players were at a risk of their cryptocurrencies held as ransom. Additionally, if the players refused to pay the ransom, Syrk would delete system files after the set time completes. Emsisoft, a leading antivirus company has developed a decryptor for this...Read More
China’s Government and Central Bank just can’t seem to align on the proposed central bank digital currency (CBDC). On Tuesday, government-supported tabloid, Global Times, reported that the Central Bank called speculation on an upcoming launch ‘inaccurate speculation’. Then yesterday, it published an article suggesting that plans are gaining momentum, with a pilot-scheme in Shenzhen imminent....Read More
Photo: Christopher Michel / Flickr The XRP crypto has encountered a lot of bearish volatility lately. The token closely linked to the Ripple FinTech Company has made many analysts think that its bearish trend has resulted from Ripple selling a large number of tokens onto the markets every quarter. The third biggest crypto, XRP, registered...Read More
Nestlé to enforce full transparency has announced to pilot new blockchain technology in collaboration with OpenSC. OpenSC is an innovative blockchain platform that allows consumers to track their food right back to the farm. Initially, the program will trace milk from farms and producers in New Zealand to Nestlé factories and warehouses in the Middle...Read More
The Indian economy is experiencing severe economic slowdown not seen in many years, and cryptocurrency can potentially help. However, the government is considering a draft bill to ban cryptocurrencies, which could have undesirable consequences on the economy. Meanwhile, the Indian crypto community has already been enduring a banking ban by the central bank. Also read:...Read More
Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence of dedicated legislation. Switzerland, New Zealand, Japan and Estonia are a...Read More
The chairperson of the South Korean Financial Services Commission (FSC) has stated that he is in favour of a proposed reporting system for crypto exchanges operating in the nation. The regulations may serve to make digital currency trading platforms more transparent, as well as helping to protect against money laundering and other financial crimes.The proposal...Read More
China’s central bank has refuted media reports of it launching a state-backed cryptocurrency, according to Global Times, a government-affiliated news agency.Refuting media reports of launching a state-backed cryptocurrency in the coming months, #China‘s central bank termed them as “inaccurate speculation.” pic.twitter.com/Sb4tQVPD3G— Global Times (@globaltimesnews) August 28, 2019The People’s Bank of China (PBoC) called the coverages...Read More
BitTorrent Live(BLive) is launched on a TRON blockchain for testing purposes. BLive will enable users to create live video content, people can connect and earn BTT claims a blog post on August 27, 2019. BitTorrent Live has a gifting feature where people can tip with BTT and other cryptos, and broadcasters can earn cryptocurrency. BLive Alpha...Read More
Coinbase regularly engages with students and universities across the globe as part of recruiting efforts. In our second annual Coinbase Report on Higher Education, we again partnered with Qriously to ask students directly about their thoughts on crypto and blockchain, and tracked how they’ve changed in the past 12 months. In this year’s report, we...Read More
A 12-year-old, future unschooling advocate at an Occupy Wall Street protest learns about Bitcoin while running from the cops. He invests. Later, the independent Erik Finman will become the supposed “world’s youngest bitcoin millionaire” at age 18. That’s not where the story ends, though. The high school dropout has since gone on to launch education...Read More
The upcoming CME futures expiration set for Friday is expected to have a significant effect on the next bitcoin price action as the biggest cryptocurrency threatens to plunge below the $10,000 mark. In the past nine weeks, the Bitcoin price rally has stalled. Analysts believe that the crypto may suffer a severe pullback if the...Read More
China is inching closer to unveiling its first government-backed cryptocurrency, as the US administration continues to impose more economic sanctions on Chinese exporters. Despite a blanket ban on cryptocurrencies and related businesses, China, the world largest economy, is now reportedly getting ready to launch its government-backed stablecoin. The currency will be issued to seven institutions, according...Read More
According to Forbes, China’s central bank is ready to introduce their own cryptocurrency “China Coin” by November. As per the reports, The People’s Bank of China (PBOC) has been exploring the possibility to launch its own digital currency since 5 years to cut the costs of circulating traditional paper money and enhance the policymaker’s control...Read More
The vast cash hoard of Warren Buffett’s company, Berkshire Hathaway Inc., has been vaster only once before – just before the worst financial crisis since the Great Depression. Warren Buffett’s big pile of cash could act as a warning to other investors that stock market is becoming overvalued and that its crash is pretty near....Read More
Many Bitcoin enthusiasts have high hopes for the Lightning Network. For a technology which has been accessible for some time now, it seems there isn’t much growth to take note of. In fact, it appears things are slowly growing worse as more time progresses. This is good news by any means, yet the ship hasn’t...Read More
The superintendente of “Nacional de Criptoactivos (SUNACRIP) in Venezuela, Joselit Ramírez, has appeared on national radio to encourage people to use the Venezuelan state-backed crypto asset, the petro. Ramírez reminded listeners that the “Sistema Patria” was now online for simple, secure remittance payments.Last year, the government of Venezuela became the first on the planet to...Read More
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still...Read More
Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards that could send...Read More
Research by Messari has revealed that the top pro athletes and sports personnel can earn more if they are paid in Bitcoin which would result in rapid crypto mass adoption. One Los Angeles Chargers NFL player, Russell Okung, is pushing relentlessly for the league to adopt Bitcoin. He wants the payments for the players’ multi-million-dollar...Read More
Over the past week, Crypto Twitter has been ablaze with talk of a Bitcoin (BTC) crash.You see, the Moving Average Convergence Divergence (MACD) on Bitcoin’s one-week chart flipped red for the first time since November 2018 — when the cryptocurrency was plummeting from $6,000 to $3,000.Related Reading: Bitcoin (BTC) Surges 5% in Minutes, Rallies Past...Read More
Many signs indicate that the Indian economy is under grave stress, affecting nearly all sectors. “India’s economy is in a deep mess,” due to initiatives such as demonetization and GST, some lawmakers say, as they urge the government to handle the situation “which is intensifying on a daily basis.” Also read: Indian Supreme Court Orders...Read More
Cryptocurrencies aren’t just a niche investment category anymore. In the latter half of 2019, digital assets have managed to sit beside stocks, bonds, commodities, and other investment instruments as an important part of a holistic investment portfolio. Interestingly, digital assets are coming out on top. A resurgent awareness of cryptocurrencies has pushed their prices back...Read More
A lot of cryptocurrency and blockchain projects try to remain relevant. EOS has been an interesting case in this regard. It receives a lot of flack for allegedly being too decentralized. Recent statistics show there are plenty of block producers to go around. The following entities have all produced the most blocks on this network...Read More
Bitcoin has undoubtedly had a stellar 2019 so far. Year to date, the cryptocurrency has gained some 200%, rallying from around $3,500 to $10,000.Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTCWhile this market’s whales have undoubtedly benefited from this performance, data suggests that a good majority of BTC users are...Read More
In just around nine months, Bitcoin (BTC) will see its next block reward reduction — dubbed “halving”. Despite this rapidly approaching bullish event, however, the cryptocurrency market has stagnated, establishing a trading range.Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTCBut a model from PlanB suggests that should history repeat itself,...Read More
On August 23, Bitcoin.com released a new application called the SLP Dividend Calculator. The new platform allows users to build a transaction to make dividend payments to any Simple Ledger Protocol (SLP) token holder. Also read: How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash Testing the New SLP Dividend Calculator From Bitcoin.com...Read More
Governor of the Bank of England Mark Carney put forward the idea of replacing the U.S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and...Read More
Mark Carney, the Governor of the Bank of England delivered a speech in U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming claimed that USD is replaceable with a digital currency similar to Facebook’s Libra. Carney says “it’s far too expensive to send money cross-border, and there are huge financial inclusion issues related to that...Read More
