Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s price continues to experience pressure. Miners were known to withdraw from the mining industry when the price dropped in 2018, simply because...Read More
PayPal, the leader in online wallet payments, has filed a suit against the US Consumer Financial Protection Bureau (CFPB) over new rules requiring overly strict and constraining reporting for its digital wallets. Complaints of Unnecessary Reporting The CFPB has announced a campaign to regulate so-called prepaid cards, to avoid money laundering. In the lawsuit, filed...Read More
This week, Chainalysis announced the completion of a full AML solution applied on the Bitfinex exchange. The blockchain analysis is becoming the next frontier of verification, as the Financial Action Task Force (FATF) rules start to be unrolled from the summer of 2020. Regulators Worldwide Start Looking at Blockchain Activity Directly Chainalysis remarks that institutions...Read More
With 12 days to go until Christmas, the countdown is officially on! Check out these top crypto goodies that any self-respecting crypto HODLer wants to find in their stocking. 1. Cryptotag Zeus – Starter Kit What do you get for the crypto HODLer who has everything this Christmas? The chance to engrave his (or her)...Read More
The European Central Bank (ECB) should determine objectives for its digital currency taskforce by mid-2020, ECB President Christine Lagarde said during her first policy meeting. What’s the Purpose of a Digital Euro? Earlier today, the ECB’s Governing Council met to decide the benchmark interest rate and the monetary policy. After the event, new ECB President...Read More
Bitcoin miners held a stunning competition in 2019, lifting both the hashrate and difficulty to all-time highs. But it turns out for significant stretches, mining pools absorbed serious losses. Bitcoin Miners Undeterred by Falling Prices Most of the big miners this year produced coins at a loss due to unfavorable market prices. But this did...Read More
Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a research by CoinShares. Chinese Share of Bitcoin Hashrate Highest Since At Least 2017 Currently, Chinese miners control 66% of Bitcoin hashrate. The indicator refers to the Bitcoin-related computing power that...Read More
Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the company amid an ongoing power struggle. Bitmain Partners with Bitcoin Mining Consultants in South America In a press release published on Thursday (December 12, 2019), Bitmain announced...Read More
According to a recent statement by veteran trader Tone Vays, Bitcoin price is breaking one of its major supports, indicating that bad things are coming. Bitcoin price failed to impress in the second half of 2019, despite hopes that a late Q4 rally akin to 2017 might kick off. The summer, fall, and even the...Read More
One of the biggest mysteries in the Bitcoin world, aside from the real identity of Satoshi Nakamoto, is how much of it is being bought and sold on exchanges each day. As pointed out in a tweet from Messari founder, Ryan Selkis, the answer very much depends on who you ask. Bitcoin Volumes – Compare...Read More
Bitcoin and crypto derivatives behemoth BitMEX is being sued for $300 million for providing false equity information to a couple of early investors. According to recent reports, BitMEX is in hot soup, and so is the exchange’s founder, Arthur Hayes. The bitcoin futures company and its founder are facing a $300 million lawsuit, which accuses...Read More
Anyone who thought that the lead Satoshi Nakamoto impersonator, Craig Wright, would finally have accepted defeat and scurried off back into obscurity again by now, must be getting increasingly disappointed. Despite losing the well-documented Kleiman case back in August, Wright is still trying to wriggle out of paying the $658,000 legal fees. The (Highly Implausible)...Read More
Twitter and Square CEO, Jack Dorsey, has just announced that Twitter is funding a small independent team to develop an open and decentralised social media standard. The ultimate aim is for Twitter to then be a client of this new standard. Dorsey Brave New World Dorsey described the plans in a tweet thread earlier this morning, and...Read More
Africa’s first stablecoin, the Africa Stable-Coin(ABCD) is backed by Nigeria’s national currency, the Naira. Also, the fiat-backed crypto is built on Binance’s native blockchain, the Binance Chain. The crypto momentum in Africa doesn’t seem to die down. Budding startups are leveraging blockchain and decentralized ledger technology to create novel applications that will change the future...Read More
The decision of Circle, Inc. to spin off the Poloniex business and abandon the US market has led to an exodus of deposits from the market’s wallets. BTC and ETH Left the Exchange’s Wallets After Circle Acquisition The Bitcoin (BTC) and Ethereum (ETH) wallets of the Poloniex exchange were quickly emptied as traders moved their...Read More
In the last few months, media reported on several occasions that Singapore-based crypto exchange, Huobi, had processed a huge amount of PlusToken withdrawals. Crypto market data firm, Coin Metrics, has recently presented some on-chain data to back those findings. Data Confirms Huobi Has Been Used by PlusToken Scammers PlusToken was one of the greatest ponzi...Read More
Crypto exchange giant Binance is currently looking to expand its token trading pair listings for its US platform by as many as 18 new cryptocurrencies. Tron and Tezos On Binance Radar for US Crypto Exchange In a blog post published on Tuesday (December 11, 2019), Binance.US, the American arm of Binance announced that it was...Read More
German FinTech banking provider, solarisBank, today announced the launch of a new custodial platform for digital assets. As with the company’s digital banking products, the platform is API-accessible, and integrates into its partner’s own websites and apps. Fully Licenced Digital Asset Solution The new platform is run as a subsidiary of solarisBank, called solaris Digital Assets GmbH....Read More
Ross Ulbricht, even from prison, remains a true Bitcoin (BTC) believer. He predicts much higher valuations in the future, based on the model of the Elliott Wave. Elliott Wave Won’t Chart Clear Future Price for Bitcoin Ulbricht’s Elliott Wave theory post ties up stock market movements with observations on human psychology. Levels of interest and enthusiasm...Read More
According to recent reports, France just got a new crypto fund, known as Napoleon Bitcoin Fund, which consists purely out of cryptocurrency. Napoleon Bitcoin Fund Launches According to a recent publication by France’s Les Echos, the country recently got its first fully regulated crypto fund, dubbed ‘Napoleon Bitcoin Fund.’ The fund was created by a...Read More
Crypto practitioners who depend on Keepkey hardware wallets to store their coins ought to take a pledge of not discussing it in public. Kraken Warns Crypto Users The warning appears on Kraken’s latest blog post wherein it discusses a serious flaw in all of the Keepkey hardware wallets. The US exchange’s security research wing claims...Read More
Verge (XVG) is backtracking, erasing more than 15% of its price on Tuesday. XVG fell to $0.004, moving away from a recent spike. The Verge market price sank significantly on Tuesday, despite the still expected scheduled hard fork. The asset sank after a week of hiking higher, moving up by as much as 30% on...Read More
Mining companies may benefit from a growing market for Bitcoin (BTC) derivatives to finance and support their power-hungry operations. In 2019, despite price fluctuations, mining activity remains near all-time highs. Bitcoin Mining Turned into Large-Scale Business Mining is becoming large-scale business in 2019, with big pools and ASIC producers once again coming into the spotlight....Read More
London-based blockchain firm Saga announced the launch of its Saga token (SGA). The digital unit represents a global currency that complies with regulators’ requirements. Saga Advised by Nobel Prize Winner, Former Bank of Israel Governor The currency is backed by a basket of fiat currency to avoid high volatility. Thus, it acts like a stablecoin...Read More
Ethereum saw a major reduction in Google searches in the last few months, attracting less attention than ever before. Ethereum Less Popular Now Than When it Was $20 Ethereum (ETH), the second-largest cryptocurrency by market cap, is going through an interesting period as of late. A Trustnodes report indicates that the project has seen the...Read More
The Argentinian government has been hit with a Bitcoin ransomware attack. According to the latest information, the hacker demanded 50 BTC to withdraw the attack. For all the positive changes that cryptocurrencies have brought in the last few years, there are still those who would use them to harm others. A perfect example of this...Read More
The Matic Network (MATIC) token went through a crisis, erasing more than 50% of its price in the past day, to drop to $0.02. The price crash, however, follows a period of wild appreciation on a parabolic trend, as MATIC more than tripled its price and moved to a record above $0.04. Fears of Team...Read More
The next big bitcoin bull-run was supposed to be led by an incoming swathe of institutional money. Lured in by potential profits unheard of in traditional investment products, and reassured by trusted brands offering institutional-grade custodial solutions. So what happened? Patience Is A Virtue According to Bloomberg, the biggest investors are still on the sidelines biding their...Read More
The Coinjer scam is one of the latest cons to hit crypto-related social media recently. The scam primarily operates across Telegram channels and tricks people into coughing up bitcoin in order to receive more. The Coinjer Scam Promises BTC Rewards The Coinjer scam is a relatively small-scale attempt to syphon away Bitcoin (BTC). The scheme...Read More
The US partner of the Huobi exchange has decided to fold its business, due to low demand and liquidity. The HBUS platform will stop its operations after December 15. Huobi US Failed to Spark Trading Interest HBUS, the platform that was supposed to replace the international Huobi service for US traders, was launched just months...Read More
