Since yesterday, Bitcoin’s price movement has been flowing downward in a series of waterfalls, with some sideways movement in between. The daily close yesterday being rejected at the two-year moving average at around $7529 caused Bitcoin to flip from being slightly bullish to majorly bearish, causing a flurry of liquidations on BitMEX Bitcoin longs. Source: BTCUSD...Read More
Canadian tax authorities’ approach to crypto-assets might discourage the country’s citizens from using digital assets, as things like double taxation remain an issue. While the US still struggles to bring regulatory clarity to the world of cryptocurrencies, its neighbor, Canada, currently faces taxation issues. The country was quick to introduce crypto taxes as early as...Read More
Not so long ago, crypto exchanges came under fire for allegedly facilitating wash trading and trade volume manipulation. Following Bitwise’s report about exchanges faking volumes, popular data site, CoinMarketCap faced backlash for reporting false volumes. TradingView’s General Manager, Pierce Crosby explained spoofing in the equities market is similar to creating fake volumes in the crypto...Read More
In a recent interview, Henry Arslanian gave his opinion on the future of crypto markets and why he believes that more institutional investors are about to arrive. As 2019 is approaching its end, many are looking back to what the crypto industry has accomplished this year. However, a topic that is just as interesting, if...Read More
At least six crypto Youtube channels have reported in recent hours that their content is being removed under the site’s “harmful and dangerous” policy, with one popular channel claiming Youtube pointed to a “sale of regulated goods.” Chris Dunn is one of these, whose channel has over 200k subscribers and has had multiple videos removed...Read More
According to Vision Hill Group, a trend notably observed throughout 2019 has been the major shift of crypto-asset from a currency sentiment, towards utilization of tokens for financial applications and utility. Bitcoin‘s portrayal as a store-of-value has been one of the most popular narratives in 2019 as other assets such as Ether carved a different utility...Read More
The launch of Bakkt, launch of Galaxy Digital’s brand new BTC funds, Fidelity‘s bitcoin product and TD Ameritrade’s bitcoin trading service on the Nasdaq via its brokerage platform marked some of the marquee events over the past 12 months, but according to Vision Hill’s recent report, constructive participation is yet to enter the space. Capital...Read More
In another boost for the XRP ecosystem, Bitrue, a Singapore-based cryptocurrency exchange announced that it will soon list 27 new XRP pairs on its platform. With XRP as the base pair, the first 14 coins to be paired with it will be opened for deposits and withdrawals starting on 23rd December. The official blog post...Read More
Tokens that emerged from Initial Exchange Offerings (IEOs) have demonstrated a poor performance this year, according to BitMEX research. Most IEOs Have Failed Despite Bitcoin Surge In May of this year, BitMEX published its first piece of research on IEOs, concluding that the market was doing much better than initial coin offerings (ICOs). In fact,...Read More
While 2020 is just around the corner, everyone from the cryptocurrency industry has been speculating Bitcoin’s price movement for the next year. Former Wall Street trader and a prominent influencer in the industry, Tone Vays joined the bandwagon and went on to reveal what 2020 has in store for Bitcoin. Over the past few months,...Read More
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot of ‘Benjamins’ all over the world” and emphasized the strength of the currency...Read More
Cryptocurrency exchange, Binance, has announced a Christmas ‘Give Away’ of a Tesla Cybertruck and $50k of TROY tokens. Of course, ‘Give Away’ might be a slightly misleading description, as receiving the truck will require a shed-load of TROY trading (and trading fee spending) on Binance. Binance Give Away: Terms And Conditions Apply Binance announced its Christmas...Read More
A question that has been debated since the Dot.com bubble is the emergence of the online marketplace. One of the most publicized flameouts of the internet bubble was Pets.com, an online pet store. Soon after its IPO in 2000, that raised $82 million, the company ran out of money and joined the list of some...Read More
“Privacy is not something that I’m merely entitled to, it’s an absolute prerequisite” ~ Marlon Brando Privacy in itself is a spectrum; the meaning differs from one person to another. There are people who are absolutely fine with being completely surveilled on, there are people who are okay with partial surveillance, and there are also...Read More
Funds from the recent theft from the Upbit exchange are on the move, according to a Whale Alert tweet. A transaction of 2,000 Ethereum shows that the hacker keeps trying to obfuscate the whereabouts of the funds. Ethereum Taken from Upbit Moved to Multiple Smaller Wallets The Upbit hack at the end of November took...Read More
In the latest update, Bakkt has just appointed Mike Blandina as the CEO of Bakkt, the crypto venture, majorly backed by ICE. Adam White will now serve as the President of the company. This news was revealed following the departure of founding CEO Kelly Loeffler, who was appointed to the United States Senate to fill...Read More
Ripple’s ODL corridor to Australia was tested for over a year before its CEO, Brad Garlinghouse announced the gateway will go live Via FlashFX, an Australian Exchange. However, the ODL service has been noting minimal transactions, pointing out that the corridor has not been activated yet. Meanwhile, Flash FX expanded its ODL service to the...Read More
A bitcoin trader who promised massive returns by investing in his BitMEX fund, has allegedly made away with more than $380,000 in BTC in what appears to be an exit scam. Bitcoin Scammer Drops Parting Joke According to Twitter handle ‘stealthbomber21,’ a bitcoin trader with the moniker ‘hitsXBT’ has defrauded investors in his Bitmex $BTC...Read More
The Cyprus Securities and Exchange Commission (CySEC) has blacklisted four FX brands, for unauthorised trading of FX and crypto. According to reports, the brands misleadingly claimed affiliation with Bdswiss Holding, which is licensed and regulated in the country. CySEC Clamps Down On Unauthorised Brokers The latest entities to be added to CySEC’s caution list are Nervic Fx...Read More
Karem Albayrak, a self-proclaimed hacker who somehow got access to 300 million iPhones, pleaded guilty to blackmailing Apple. 150 Iphone Accounts Deleted Per Minute Back in March 2017, The Hacker News and many other news media published reports of a hacker threatening to remotely wipe 300 million iPhones, unless Apple pays the ransom. The hacker...Read More
Upbit, a South Korean exchange woke up to a major hack on 27 November, resulting in the loss of $51.7 million worth of Ethereum. Ever since the hack, many exchanges came forward to freeze the movement of the stolen funds; however, that has not stopped hackers from trying to move these funds to various unidentified...Read More
Popular YouTube cryptocurrency analyst, Alessio Rastani, yesterday posted a new vlog giving an update on his ‘wildcard’ scenario for Bitcoin. Had recent BTC price drops crushed it, and if so then what comes next? What’s The Wildcard Scenario? As Bitcoinist reported at the end of July, Rastani bucked the bullish trend at the time by proposing a contrarian ‘wildcard’...Read More
According to recent information, China’s e-yuan will roll out in early 2020, and it will be very cautious, initially only focusing on consumer spending. Recent reports regarding China’s upcoming cryptocurrency claim that Beijing is preparing to launch the so-called ‘e-yuan’ in early 2020. This will be the world’s first digital sovereign currency. However, the reports...Read More
Staking seems to be doing rounds in the cryptocurrency industry and the CZ led platform rolled out Binance Staking back in September. The platform started off staking services for just Algorand’s ALGO and Stellar’s XLM; the platform has witnessed the addition of several other currencies ever since. More recently, Binance’s research platform shared a post...Read More
Ethereum Foundation officially announced that the network will be undergoing a scheduled upgrade on block number 9,200,000 for Muir Glacier. This upgrade which follows Istanbul is expected to be activated on the mainnet around January 01, 2020, at Block number 9,200,000 Ethereum Foundation’s tweet read, “[IMPORTANT] Upgrade your nodes for the Muir Glacier upgrade happening...Read More
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed. Reactions to the announcement are varied,...Read More
Several analysts speculated that the sideways movement Bitcoin has been displaying was nothing but a mere set back; venture capitalist, Tim Draper, however, is bullish about the king coin as he reportedly said that the price of Bitcoin could go to a high of $250,000 in the next two years. Discussing the same, Fundstrat’s Tom...Read More
Unlike traditional ones, cryptocurrency wallets store a lot of relevant information such as the secure private key used to access Bitcoin addresses and carry out transactions, etc., And while there are many ways in which users can store their Bitcoins, it’s important to fully understand the drawbacks of each type of wallets. With the growing...Read More
It’s almost the end of the year, and this end would also mean that Bitcoin would successfully be stepping into its 11th year of existence. Over the decade, the largest cryptocurrency has gone through the phase of being a digital currency that’s used by criminals to a currency that has been viewed as a store...Read More
Indian economy has been surfing troubled waters for quite some time. Several proposals have been made by economists and taxpayers across the country to resolve the situation. The Indian government, although it has embraced the idea of “digital India”, isn’t really convinced about the entire concept of cryptocurrency, while being cautious about blockchain. The government...Read More
