Recently, Matter Labs published a blog post which expanded on recent advances in zero-knowledge proofs, and their vision for ZK Sync, a trustless scaling and privacy solution based on ZK Rollup for Ethereum. The post mentioned how ZK Sync was designed to bring a VISA-scale throughput, enabling thousands of transactions per second while keeping funds...Read More
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying to surpass upper resistance, skeptics think crypto prices...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
Mark Cuban attacks bitcoin and says that the cryptocurrency has zero chance to become a reliable currency. Cuban made his billions by investing early in the internet. It would seem that the billionaire has the wrong idea on the security and value of the top cryptocurrency. Mark Cuban caught the attention of the cryptocurrency community...Read More
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges. Also...Read More
The last few months have been eventful for Binance, the Malta-based cryptocurrency exchange. From launching several new additions to its platform to expanding into several new countries, Binance has been setting a standard for other cryptocurrency exchanges. Recently, Changpeng Zhao aka CZ, Founder and CEO of Binance, appeared in an interview to discuss the many...Read More
The broader cryptocurrency market appears vulnerable to further losses on Wednesday, as Bitcoin and other major cryptocurrencies slipped back into negative territory for the month. Bitcoin fell back to its lowest trading level since Dec. 4, after the BTC/USD pair broke through the $7,300 support barrier. Binance Coin was worst performer inside the top 10...Read More
Over the past few weeks, Bitcoin (BTC) has finally started to slow, establishing $7,000 as support and $7,800 as heavy resistance; the cryptocurrency hasn’t broken above or below those boundaries for over 10 days.Analysts say that this tightening price action is much like a spring coiling, implying that Bitcoin will soon see a large price...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
Co-founder & Partner at Morgan Creek Digital, Anthony Pompliano is a Bitcoin Proponent and has a strong faith in BTC. As per his latest tweet, Pomp claims that “Bitcoin is a pension that actually works.” Interestingly, Pomp had urged pension funds to buy bitcoin this same time last year. He had submitted to the post...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
On December 10, Switzerland-based firm Amun AG announced the company’s base prospectus has been approved by the Swedish Financial Supervisory Authority (SFSA). The ETP provider said it has extensive plans to expand its digital asset ETPs throughout Europe, while Sweden shows “strong demand” for these products. Also read: Wisdomtree’s Physically Backed Bitcoin ETP Goes Live...Read More
December 2019 has not been very welcoming to the bulls in the market. Many major cryptocurrencies have lost enormously under the market’s bearish pressure, including Bitcoin [BTC], which has lost about 4.55% of its value since the beginning of December. Following its lead, many cryptos have met a similar fate. This was reflected by Coin...Read More
Many Initial Coin Offerings (ICOs) have been and are frauds. The state enables this con game in various ways, including the establishment of accredited investors and the regulation of businesses that sell equity. Shut off from the most lucrative aspects of investment, average people rush into the few sources of profit still available to them....Read More
A legendary long term bitcoin price technical indicator could pave the way for brighter days ahead next year. Bitcoin Price Poised For Big Move The short term picture for BTC is pretty grim. Since its peak this year the digital asset has corrected 47% to current prices. A few hours ago bitcoin price dipped again...Read More
The Bitcoin Bull, John McAfee got into a candid chat with videographer friend Robert King discussing Bitcoin. In the chat, John put forth his point of view on how Bitcoin is the new world currency. As per his statement, Fiat currency or Gold/Silver has no backing whereas Bitcoin is backed with a Proof-of-Work. He also...Read More
Bitcoin price failed to stay above the $7,400 support and declined recently against the US Dollar.The price is trading below $7,280 and it could even decline below the $7,160 support.There is a major declining channel forming with resistance near $7,240 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair remains at...Read More
Ross Ulbricht, serving life without parole for allegedly running the Silk Road marketplace, hasn’t allowed his detention to deprive him from monitoring bitcoin’s price action. In a new blog series titled Bitcoin by Ross, Ulbricht reveals that he is closely attuned to BTC’s price movements, and shares some suggestions as to where the market might...Read More
Italy, one of the world’s largest economies, has faced plenty of financial challenges in the past decade. That’s probably one of the reasons why cryptocurrencies have been faring better there than in other European countries. Italians love cash but are also warming up to its decentralized digital alternative. The number of businesses accepting crypto payments...Read More
On December 8, the U.S.-based coffee firm that uses cannabidiol (CBD) in its product, Crazy Calm, launched a promotion that aims to send $5 per order to the charity EatBCH. The founder of Crazy Calm, Matt Aaron, also detailed that the startup wanted to leverage the payment processor Shopify but the company closed their account...Read More
Bitcoin has been caught within an unrelenting bout of sideways trading within the $7,000 region in the time since it bounced from lows of $6,500 in late-November. This consolidation period has made it increasingly unclear as to where BTC will go next.One potential factor that could provide some insight into what type of movement is...Read More
American businessman and investor Mark Cuban believes that Bitcoin has “no chance” of becoming a reliable currency. Amongst other criticisms, the billionaire believes the digital asset is too difficult to use for the average person.Naturally, Bitcoin’s staunchest proponents disagree. Some have said that Cuban sounds like a critic of the early internet. Others have offered...Read More
Mark Cuban has made a fortune by investing in innovative technologies, but this doesn’t mean he loves everything new that comes along. Case in point is cryptocurrency as the billionaire has made his disdain of virtual currencies clear. In an interview with Forbes, he said there is “no chance” that Bitcoin will ever be used...Read More
$100,000 has long been a popular Bitcoin (BTC) price target amongst cryptocurrency investors and analysts, but there is much debate as to whether or not this is a realistic target for the cryptocurrency.Although the calls for an imminent $100k Bitcoin keep pouring in, there is a limited number of events that could catalyze this type...Read More
The CEO of a digital currency exchange in the UK has set himself an incredibly bizarre challenge. People have been donating to Pete Wood of CoinBurp as he attempts to raise money for a homeless charity by saying the word “crypto” 100,000 times.Wood is live streaming the challenge via YouTube with public addresses displayed for...Read More
The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged associate who was found guilty of laundering $400 million has asked a New York judge for more time to process an acquittal motion. Additionally, according...Read More
Recently, Philip Gradwell, Chief Economist at Chainalysis, a blockchain data analytics company, spoke at a Meetup in London about token economics in on-chain analytics. During his talk, Gradwell spoke about both on and off-chain data, how they can be linked together, and gave some insights based on their analysis of Bitcoin and other cryptocurrencies’ data....Read More
The price of the second-largest cryptocurrency by market cap, Ethereum, may be down as much as 90% from its all-time high price of over $1,400, but ICO investors are still up over 400x on their initial investment.The post appeared first on NewsBTCRead More
Bitcoin price has been steadily falling, locked in a downtrend over the course of the last few months, taking the price of the cryptocurrency to roughly 50% of the year’s high of $14,000.After the latest sustained drop, Bitcoin has been consolidating in what now appears to be a bear pennant chart pattern formation, which suggests...Read More
