A widely-followed economist says suppressing bitcoin price can kill the cryptocurrency. Research supports this assessment as retail traders still dominate the market share. The strong correlation between bitcoin and Google searches point to the vulnerability of retail traders to price manipulation. Alex Kruger, an economist and trader, took to Twitter to share his thoughts on...Read More
Bitcoin had its hands full dealing with the bearish market, while DeFi gained popularity and provided significant earnings in mainstream finance. However, according to the report provided by Token Analyst, hodling Bitcoin [BTC] or Ethereum [ETH] garnered more revenue compared to crypto lending. The report highlighted the difference in returns offered by investing $1,000 at...Read More
Managing Partner and Head of Research at Fundstrat Global Advisors, Tom Lee, recently made an appearance on CNBC‘s ‘Street Signs Asia‘ segment to talk about Bitcoin price movements in the future. Lee also spoke about why he thinks Bitcoin will touch $25K by 2022. According to Lee, for an industry that’s over a decade old,...Read More
Pemex is required to pay the Bitcoin ransom within two weeks or face paying double after. About 5% of the computers have been affected by the DoppelPaymer software. The oil giant’s billing systems are the most impacted and could lead to delays in paying salaries. The hackers who hit Mexico’s state oil giant Pemex earlier...Read More
Chinese State Media Praise Bitcoin as a “Successful Application of Blockchain” Blockchain fever overruns the people’s republic Bitcoin propaganda comes as China preps to launch digital currency in 2020 China has taken yet another step towards fully embracing Bitcoin, calling it “The First successful application of blockchain technology.” The entirety of the people’s republic has...Read More
Bitfinex, which shares co-founders with the Tether stablecoin, is once again attracting controversy over the manipulation of the Bitcoin price. Per a paper published by the University of Texas Professor John Griffin and Ohio State University’s Amin Shams, Bitcoin’s run to a record high near $20,000 in 2017 was caused by a single market whale....Read More
Bitcoin, also known as “digital gold,” has outperformed gold every year since 2011. Given the large discrepancy in the market capitalization between bitcoin and gold, bitcoin has more potential to grow over the short to medium term than gold. So far into 2019, contrary to popular belief, bitcoin has failed to demonstrate the characteristics of...Read More
Bitmain, a leading bitcoin miner, has secretly filed for an IPO that is sponsored by Deutsche Bank, a German multinational company, as reported by Tencent News. The company has been struggling to bounce back since crypto winter. The black swan event dampened demand for cryptocurrency mining machines, causing profitability to plummet. The reported secret filing...Read More
Hackers have breached the computer network of South Africa’s commercial capital Johannesburg in an attempt to ransom the city for Bitcoin. Consequently, the city has shut down its website and suspended all e-services as a ‘precautionary measure’. At the time of writing the city’s website was still inaccessible. The city of Johannesburg’s official web portal...Read More
The bitcoin price has plunged by nearly 10% on Wednesday to fall near a 5-month low. After flirting with a move to the upside above $8,000, the leading cryptocurrency dropped sharply below to just under $7,500. Bitcoin price chart | Source: TradingView Other major-cap cryptocurrencies also followed Bitcoin’s spiraling crash by falling between 4% and...Read More
The more prevalent bitcoin ransomware attacks become, the merrier it gets for insurance firms that offer cyber-liability insurance coverage. The City of Baltimore has become the latest example of this emerging trend. According to The Wall Street Journal, city officials on Wednesday authorized the purchase of cyber-liability insurance coverage worth $20 million. The Maryland city...Read More
It’s safe to come out now, says Andreas Antonopoulos, the threat posed to bitcoin by Google’s newfound “quantum supremacy” is “zip, bupkis nada.” In one of his typical Q&A sessions, blockchain expert and author, Antonopoulos shared his thoughts on the supposed jeopardy BTC faces from Google. Spoiler alert: he isn’t concerned. According to Antonopoulos, Google’s...Read More
Bitcoin’s fall from grace over the last few days has emboldened bears to come out of hiding. Calls for a plunge to $7,000 and below are overwhelming social media channels. It appears that in one bearish push, all the hard work that the bulls put in this year has gone out of the window. The...Read More
The bitcoin price (BTC) fell by more than 23 percent against the U.S. dollar in the past week, triggering a fierce correction in the cryptocurrency market. Since falling to $7,700, the bitcoin price has recovered to $8,200, critically avoiding a steep drop to the low $7,000 region to test low-level supports in the short term....Read More
Conspiracies concerning the manipulation of bitcoin futures may now have some grounds, as researchers claim to have found a “striking systematic trend” between BTC price action and futures expiry dates. Cries of foul play surrounding CME’s bitcoin futures contracts are almost as old as the derivatives themselves. For months, the expiration date of the cash-settled...Read More
Arthur Hayes, the CEO of BitMEX, the most widely utilized BTC margin trading platform, has opined Satoshi Nakamoto, the creator of bitcoin, is likely dead. “I think they’re already dead,” said Hayes about Satoshi, adding that he does not believe the identity behind the creator of bitcoin will ever be revealed. Satoshi is said to...Read More
Warren Buffett isn’t much of a bitcoin fan. He’s called it rat poison squared, a gambling device, delusional, and a seashell with no inherent value. But, if he wanted to, he could become the biggest bitcoin whale of them all. Buffett could buy two-thirds of the existing BTC supply… in cash. Warren Buffett’s investment firm...Read More
The results of a cryptocurrency survey conducted by the Dutch banking group, ING, revealed a significant lack of appetite for Facebook’s Libra, and its designated use case: Sending payments across social media. Taking 15,000 Europeans, from 15 distinct countries, the survey collated Europe’s sentiment around digital currencies. Questions ranged from the future of cryptocurrencies to...Read More
North Korea’s notorious state-sponsored hacker team Lazarus Group – the one responsible for stealing more than $500 million from Bitcoin exchanges around the world – has finally been sanctioned by the Trump administration. This is over a decade since the outfit was created by the rogue state. In a press release, the Office of Foreign...Read More
In an age where Google, Facebook and the NSA are known to be harvesting as much as our communications as they can, many people are concerned that online privacy now only exists in the history books. One project trying to address this is the metadata-shredding platform Elixxir, led by cypherpunk innovator David Chaum, which now...Read More
There are big differences in Bitcoin prices across platforms, and arbitrage is a technique that can help traders capitalize on this #CT_sponsoredRead More
Digital currency provides unprecedented abilities to spy on and control what people do, and having that power in the hands of a few people is very dangerous. The Big Tech monopolies of Silicon Valley are building a future where your every action is monitored, and giving Facebook control over what you can and can’t do...Read More
