In the cryptocurrency space, major assets like Bitcoin, Litecoin, and Bitcoin Cash are generally focused on transactions or payments. However, Ethereum, the 2nd largest virtual asset in the market, also has its own platform where users are able to create their own decentralization applications [dApps]. One category of dApps that have been gaining mass traction...Read More
Noted cryptocurrency exchange, Bitbns, is in the news after it announced yesterday that traders in the UAE would be able to buy and sell on the platform using AED (United Arab Emirates Dirham). We know you all have been waiting for this moment for so long; so have we. Today, our efforts have come to...Read More
The U.S-China trade war has left both nations’ economies in a state of distress, accelerating geopolitical tension. However, several analysts speculate that the ongoing trade war between two of the world’s largest economies has been beneficial to Bitcoin. Bitcoin’s entry into the monetary world was during a period of economic recession and the coin’s resistance...Read More
Bitcoin’s volatility has drastically decreased over the last few weeks as price action unfolds close to key support at $9,400. This key support line creates the bottom of the asymmetrical triangle stemming from $14,000 down to $9,400 mentioned in a previous analysis on Bitcoin. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we...Read More
This year, cryptocurrencies seem to have lured huge private tech companies like Facebook, JP Morgan, and Fidelity into the cryptocurrency market. The latest addition to this list is instant messaging service, Telegram, and it is set to launch its very own cryptocurrency “GRAM” very soon. On 1 September, the messaging giant will debut testing its...Read More
Despite the hysteria over the identity of Satoshi Nakamoto, it doesn’t matter who he is because bitcoin transcends any individual. | Source: Shutterstock There has been a barrage of media coverage in recent weeks over the identity of Satoshi Nakamoto, the mysterious inventor of bitcoin. The coverage hit a fever pitch this week due to...Read More
An XRP evangelist is calling for a fork of the cryptocurrency to prevent Ripple from dumping coins on investors for profits. Let’s Fork XRP Every quarter, Ripple publishes a report showing the sales figures for the tokens within the preceding three months. Critics say the company is dumping these tokens for profits while the value...Read More
Craig Wright hasn’t been ordered to pay $5 billion to the Kleiman estate – yet. But if it comes, will he relinquish the Bitcoin fortune? | Source: Oxford Union/YouTube Dave Kleiman’s estate might have a difficult time reclaiming its alleged half of Craig Wright’s $10 billion Bitcoin fortune – and not just because critics say...Read More
Compeititon is the currency of success in the crypto-community, and the proponents of one virtual asset often draw out comparisons with others to establish their own supremacy. Charlie Lee seems to have fallen in the the same group as in a recent Twitter thread, the creator of Litecoin re-ignited the Dash-Litecoin debate after taking a...Read More
If you’re wondering why your favorite altcoin is still ranked at three-hundred-something, you’re probably not alone. Market capitalization is a complicated measurement: when a ranking factor is easily gamed through wash trading (essentially the practice of trading against oneself) to create artificial volume, the rankings can be skewed. However, one of the leading sources of...Read More
This ridiculously simple Bitcoin scam is stealing funds from crypto ATM users, using nothing more than a single piece of paper. | Source: Shutterstock Many devious scammers will go to extreme lengths to steal your hard-earned crypto funds. However, one Canadian fraudster devised a lucrative Bitcoin scam that’s decidedly more low-tech. It involves a single...Read More
All that glitters is not gold; it might be Bitcoin The tussle between digital gold and tangible gold is one for the ages. One rising from its fallen ‘standard’ for the global financial order, and the other born from the debris of financial collapse. Bitcoin and Gold have charted similar paths, yet from the traditional...Read More
A new tool for crypto hedge funds is in the works. This will provide accurate investment choices for these institutional members of the crypto-verse. Billionaire Alan Howard is the mastermind of this innovation. Superstar Hedge fund manager Alan Howard has decided to create a unique enterprise which will forever change the crypto space. Created by...Read More
If I got an XRP each time someone asked me about the price, I might have become a successful hodler! Addressing the elephant in the room -the question of XRP’s price swings in short-term; surprisingly the grass is green on this side of the coin as key indicators point towards a trend reversal. August was...Read More
Bitcoin’s blockchain produced new historic records this week as the cryptocurrency’s technical health increasingly contradicts its lower price. Bitcoin Hashrate Hits 83 Quintillion As data from monitoring resource and wallet provider Blockchain.com confirms, it was Bitcoin’s 00 hashrate leading the charge, hitting 83.5 quintillion hashes per second on August 29. That number is BTC’s best...Read More
On Friday, August 30, the Twitter page of the founder, Jack Dorsey, was hacked. Following this the hacker posted a few harsh words on his Twitter page but later the tweets disappeared and the page suspended. The hacker accessed Jack’s account through SIM card swap. Then, he used SMS message from it to control the...Read More
Twitter and Square CEO, Jack Dorsey, had his personal Twitter account hacked this week. Whilst in control of the account, the hackers posted a bizarre stream of messages including racial slurs and a bomb threat. Dorsey has been very vocal in his support for Bitcoin, so what impact could this have? What Does A Twitter Hack...Read More
New data reveals Bitcoin’s true value is way less than you probably think – but that’s not necessarily a bad thing for BTC. | Source: Shutterstock Bitcoin’s reported $172 billion market cap may be a point of pride for cryptocurrency enthusiasts everywhere, but how accurate is it as a measure of Bitcoin’s worth? Not much....Read More
Cardano’s Shelley has been one of the most anticipated development projects for the virtual’s asset ecosystem. IOHK’s Charles Hoskinson has released a series of updates, with regards to the progression of the project in his recent AMA. It was reported earlier that Shelley’s testnet program would be categorized into three phases and according to Hoskinson,...Read More
Ex-Amazon employee, arrested last month over Capital One data breach, has also been accused of hacking over 30 more companies. In addition to stealing data, Paige Thompson allegedly used the compromised servers to mine cryptocurrency. Hacking The Hand That Feeds You The FBI arrested Thompson at the end of July, concerning a massive data breach...Read More
The Electric Coin Company’s privacy-focused coin, Zcash, was in the news lately after the San Francisco-based cryptocurrency exchange, Coinbase, announced that it no longer supported the altcoin for UK customers. The exchange did not disclose any details for the delisting of the coin, which in turn led to several speculations by the crypto-community. A recent...Read More
Bitcoin Price Analysis (BTC/USD) BTC/USD pair is today correcting gains from yesterday’s massive fall that dropped its price down below the $10,000 level. However, the pair’s price is today, trading between support level $9381.81 and resistance level $9573.84. Additionally, the RSI indicator moved from the oversold level and is currently heading towards the positive area....Read More
According to some reports, Telegram Open Network (TON) will be compatible with Ethereum. The company is set to release the code to run a node on the Telegram Open Network (TON) on Sunday. It seems that Telegram messenger is planning to begin public testing of its long awaited blockchain, TON (the Telegram Open Network) on...Read More
Litecoin is facing death by the cross. Litecoin’s 2019 has taken a sharp U-Turn. Hailed as one of the top gainers among large-cap cryptocurrencies in the market, the fifth largest coin is staring down at an imminent bearish run. The digital silver’s massive gains of 2019, which took it to a 320 percent price high...Read More
Photo: Shutterstock However, it shows that most of the profitability has been gathering around the last three years, where Bitcoin had reached both its most profitable and its most unprofitable price point. Although the largest fall was to somewhere around $3000 it needs to be considered that hash rate and mining complexity were up and...Read More
Photo: Shutterstock When cryptocurrency mining became the talk of the crypto sphere, a lot of holders went into it without having to think about the cost of setting up the expensive equipment required to mine coins. Not only was the equipment for mining expensive, but it also generated a lot of heat whilst consuming large...Read More
People’s Bank of China (PBOC) central bank digital currency (CBDC) will allegedly be backed 1:1 by renminbi fiat as well as follow a two-tiered structured system with the bank, commercial banks, and retail market participants. This week China fixed the daily midpoint rate for the yuan at levels that haven’t been seen for more than...Read More
Set Protocol, an Ethereum DeFi project, has announced that it will be deploying their own 50 day moving average strategy. It is designed to rebalance when the price crosses the 50 SMA technical indicator, and it does so automatically. The strategy involves selling into the USDC stablecoin during an economic downturn and ETH buyback during...Read More
The news of Tron CEO Justin Sun’s much-awaited lunch with Warren Buffett created a lot of waves within the Tron community today after it was revealed that it is still on its course. Another positive development is that TRX got listed on IDAX exchange, a move which will boost the token’s presence in the market....Read More
The twelveth largest coin by market cap in the cryptocurrency market, Monero is well known for its privacy and anonymity features. The coin was recently in the news after being listed on Binance’s margin trading platform. In more good news for the privacy coin’s active community, Monero [XMR] was added as a payment option on...Read More
