On Aug. 29, MorningStar Japan, a subsidiary of financial services giant SBI Holdings, announced that it will offer its shareholders dividends in the form of XRP tokens. According to the statement, the Japanese company will offer 30 XRP to its shareholders if they hold a minimum of 100 shares by Sept. 30. Shareholders will receive...Read More
Well, Bitcoin (BTC) decided to take the bearish path, or maybe larger players that shape the market made the choice for it. The ascension from the narrowing pennant proved to be a fakeout and a tweezer top at $10,278 was followed by a sharp reversal all the way to the bottom of the larger bull...Read More
A new research report from crypto exchange Binance says China’s digital currency will most likely be a two-tiered system replacing notes and coins in circulation. The report, issued yesterday, claims the People’s Bank of China (PBOC) central bank digital currency (CBDC) will be backed 1:1 by renminbi fiat as well as follow a two-tiered structured...Read More
Blockchain software development firm Parity released an update for its Ethereum (ETH) node software which fixes a vulnerability present in some instances. Remote node crashing vulnerability In a blog post published on Aug. 29, Parity announced the release of an update for its Ethereum node software fixing the Remote Procedure Call (RPC) vulnerability. Per the...Read More
BTC price slid as low as $9,320 Investor in “extreme fear” as monthly chart looks ugly Following Bitcoin, Altcoins plunge, wipes out almost $20 billion from the market cap Just yesterday, we have been reporting how the Bitcoin price clock is ticking and commentators have been expecting Bitcoin to finally make a move. And Bitcoin...Read More
Bitcoin (BTC) price fell below $9,500 on Aug. 29 as the largest cryptocurrency’s sudden bearish move continued to bite. Market visualization. Source: Coin360 Bitcoin price must finish week above $9,533 Data from Coin360 painted a gloomy picture for day traders Thursday, BTC/USD having lost 8% in the past 24 hours. The turbulence began late on...Read More
View Bitcoin risks falling to $9,000 in the next 24 hours, having dived out of a narrowing price range on Wednesday. A violation there would expose the next support lined up at $8,500. The breakdown looks legitimate as it is backed by a surge in selling volumes. The daily chart indicators are also reporting bearish...Read More
A new individual claims he is Satoshi in risible PR stunt Liquidity analysis pegs Bitcoin’s market dominance beyond 90% Japanese Amazon launches cryptocurrency wallet and exchange Original faketoshi, Craig Wright loses Kleiman lawsuit Yes, as we can all see, the price of bitcoin dropped over $550 in a matter of hours on August 28th to...Read More
EY, the Big Four accounting firm appointed to work on the QuadrigaCX crypto exchange bankruptcy case, wants to move the proceedings from Halifax to Toronto. Local news outlet The Star reports on Aug. 28 that EY has asked a Nova Scotia Supreme Court judge to move the case to Toronto. The firm states that the...Read More
Academic interest in crypto and blockchain is increasing across the board, according to a study from Coinbase published Wednesday. The crypto exchange looked at the world’s top 50 universities (according to the U.S. News & World Report ranking) and found that 56 percent have blockchain or crypto classes available. Last year, Coinbase found 42 percent to...Read More
French police have shut down a massive botnet that has been used for Monero (XMR) cryptojacking. Cryptojacking backed by “massive firepower” BBC News reported the development on Aug. 27. According to the police, the botnet was distributed by sending virus-laden emails with offers for erotic pictures or fast cash, and further propogated through infected USB...Read More
Facebook recently declared its plans to join the digital market by 2020. The move which has about twelve countries on board will see the tech giant create its own online currency named Libra. The Global coin is already ahead of other cryptocurrencies such as Ethereum and Ripple among others. But the currency must overcome a...Read More
Bitcoin’s price slid more than $600 in 30 minutes, falling back below $10,000 on Wednesday. Beginning at 17:50 UTC and lasting until 18:20 UTC, BTC witnessed a large pullback from $10,200 to $9,600, followed by a small bounce near $9,740, providing temporary support. Bitcoin opened the day at just under $10,200. Over the trading day,...Read More
Bitcoin (BTC) price held above $10,000 for a third day on Aug. 28 as a fresh period of sideways trading endured through the week. Market visualization. Source: Coin360 Eerie calm descends over Bitcoin markets Data from Coin360 painted a fairly unremarkable picture of Bitcoin markets on Wednesday, the largest cryptocurrency trading in a narrow corridor...Read More
A group of bitcoin enthusiasts just ran, biked and swam across Europe, all to promote the cryptocurrency they believe is leaving a powerful, positive mark on the world. The first “Satoshi Freeathlon” officially finished this weekend, in which a group of seven bitcoin enthusiasts flexing their athletic abilities by journeying from Switzerland’s “Crypto Valley” in...Read More
Views Bitcoin’s interaction with the 100-period moving average on the daily and weekly charts have provided strong regions of support in the past and may do so again. Exhaustion caused by low levels of total daily volume and market activity raises doubts about the direction for the mid-term. Should the bulls lose the on-going stalemate...Read More
Non-custodial and multi-cryptocurrency wallet provider Button Wallet is launching a free testing service on the Telegram Open Network (TON) in a bid to drive crypto adoption among Telegram’s 300 million users. The client application is offering a giveaway 6.6 testnet gram tokens — the native currency of Telegram’s TON blockchain platform — for users that...Read More
Major crypto exchange Binance will launch its first crypto lending product on Aug. 28, 2019. According to an official announcement on Aug. 26, holders of Binance Coin (BNB), Ethereum Classic (ETC) and Tether (USDT) will be able to lend their assets and earn interest through Binance’s new service called Binance Lending. The services will be...Read More
A new piece of ransomware called Syrk will encrypt files on your hard drive while deleting entire folders if the ransom is not paid. The malware is based on the open source Hidden-Cry program, an encryptor that appeared online last December and has been the basis for many bits of malware over the past year. Image via...Read More
The Ethereum Foundation (EF) announced that over $2.46 million in grants will be given to finance Ethereum 2.0 development. In a post published on the official blog on Aug. 26, EF announced that it has “granted financial awards to various client development teams. The teams in question are tasked with creating Test Networks (testnets) compatible...Read More
The industry news outlet, The Block Crypto has noticed that the BitMEX Insurance Fund has increased to holding over 31,300 bitcoins or approximately $314 million. Notably, the increase has been for about 50.7% since what it was at the beginning of the year. The exchange that accounts for the highest amount of Bitcoin trading of...Read More
The Bitcoin (BTC) network passed a new milestone this week, as new data revealed the extent of altcoins’ losses. According to data aggregator Coinmetrics.io on Aug. 25, so-called realized market cap has become the latest indicator flashing bullish for Bitcoin. Realized Bitcoin market cap surpasses $100 billion record Realized market cap, an alternative calculation of...Read More
View Bitcoin’s weekly moving average convergence divergence histogram has turned bearish for the first time in seven months. Even so, sellers need to observe caution as that indicator had trapped bears on the wrong side of the market during the 2015-2017 bull run. A bull revival, however, would be confirmed if and when prices find...Read More
Bitcoin (BTC) price was consolidating $10,000 support on Aug. 23 after successfully shunning four figures during the day’s trading. Market visualization. Source: Coin360 Bitcoin delivers firm bounce off $10K Data from Coin360 show a newly strengthened Bitcoin managing to stay above the $10,000 marker, which it had crossed four times over the course of the...Read More
Crypto advocates have long asserted that anonymity is one of the most promising elements of distributed ledger technology. This issue is becoming far more significant as governments and regulators are now beginning to give serious examination to the blockchain space. What some see as one of the greatest strengths of cryptocurrency others consider both a...Read More
United States boxing legend Mike Tyson has denied a connection with the cryptocurrency project Fight to Fame, which is suspected of financial fraud. He announced it in a Twitter post on Aug. 15: “I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight...Read More
Sunday, Aug. 25 — Most of the top 20 cryptocurrencies are seeing moderate gains on the day while Bitcoin (BTC) circles around the $10,100 mark. Market visualization courtesy of Coin360 Bitcoin price is up by 1.67% on the day, trading at around $10,135 at press time, according to Coin360. Looking at its weekly chart, the...Read More
Over the past few days, a number of Libra-related announcements have been made — only, they weren’t from Facebook, the Libra Association, Calibra wallet or any other party involved in its development. First, top crypto exchange Binance announced a project called “Venus” — coincidentally, another astrology-themed name — which will focus on developing “localized stablecoins”...Read More
The veteran investor and crypto expert Anthony Pompliano says that the day is not that far when due to the scarcity of liquidity many (in fact most as per him) of the Altcoins will leftover. Anthony Pompliano, Morgan Creek Digital VC fund’s partner and co-founder, a master at investments in cryptocurrency, usually named as ‘Pomp,’...Read More
Nowadays, it seems everyone is bearish on Ethereum and its Ether token (ETH) except for Placeholder VC partner Chris Burniske, who, earlier this week, made the case for why he believes ETH/USD is a great long-term investment. According to Burniske, the oft-cited narrative that the implosion of the ICO market led to Ether losing its...Read More
