Ransomware extortionists get counter-offered to zero. | Source: Shutterstock When ransomware attackers targeted the city of New Bedford, Massachusetts, two months ago demanding $5.3 million in Bitcoin, they must have felt very confident when turning down a counter-offer of $400,000 that the city presented. That feeling probably turned to regret soon thereafter as it has...Read More
Huobi University, the research and education arm of cryptocurrency exchange Huobi, announced its collaboration with the University of Gibraltar on various blockchain initiatives. On Sept. 5, Houbi Group, the parent company of both Huobi University and Huobi exchange, announced what the firm describes as its “first formal collaboration with a Western university.” As Cointelegraph reported...Read More
Photo: Shutterstock Why? Because all purchases are online and these payments need to be very fast to process, just that is one of the main characteristics of cryptocurrencies. Now let’s see, is it really worth the effort? Development of the Videogame Industry The gaming industry is no longer a niche arena for a certain age...Read More
Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to the new LinkedIn’s list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while...Read More
Bakkt Warehouse custody opened yesterday, as clients were able to deposit Bitcoin funds into the accounts. However, minutes after the tweet announcing the opening, the price of Bitcoin dropped by $700 — a classic example of buying the rumor, selling the news. Let’s take a look at the charts to see where the market is...Read More
Bakkt picked a tough day to begin securing assets, but it’s still been on bitcoin’s highlight reel in 2019. | Source: Shutterstock Bakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community’s collective heads. Today the bitcoin futures exchange made one giant...Read More
The Takeaway: Crypto lending startup Celsius raised $50 million in a token sale in 2018. Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking in crypto collateral. BitGo confirmed to CoinDesk that it held $1 billion worth of crypto deposits from Celsius over the past year. CEL tokens...Read More
Scalability is an issue that has been used against Bitcoin for a long period of time. Bitcoin currently lords over the market with a dominance of 70.9 percent at press time, but people from the community continue to raise arguments against its inefficiency to facilitate faster transactions. The world’s largest cryptocurrency hasn’t been quiet either....Read More
China’s upcoming digital currency is reportedly going to be very similar to Libra in terms of network design, but it will take a more holistic approach to find harmony between money-laundering prevention and anonymous payments. EJ Insight reports that the country initially set up a research team to launch a digital currency back in 2014,...Read More
Bakkt picked a tough day to begin securing assets, but it’s still been on bitcoin’s highlight reel in 2019. | Source: Shutterstock Bakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community’s collective heads. Today the bitcoin futures exchange made one giant...Read More
The hype surrounding the imminent launch of Bakkt’s physically settled Bitcoin futures platform may not be unwarranted, as it now appears that some of the biggest BTC whales in the market are transferring their massive holdings into Bakkt’s warehouse custody solutions.Assuming that the platform’s launch is met with great utilization, it is highly probable that...Read More
Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value...Read More
Friday, Sept. 6 — The Bitcoin (BTC) price is holding around the $10,400 price mark after the largest cryptocurrency got rejected in its attempt to break $11,000. Market visualization. Source: Coin360 Bitcoin was well on its way to the $11,000 price mark, hitting an intraday high of $10,895 when it lost $400 in less than an...Read More
Bitcoin price has been consolidating since June, after it was rejected from former bear market resistance at $13,800 – stopping Bitcoin’s parabolic advance short of retesting its previous all-time high of $20,000.The post appeared first on NewsBTCRead More
Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. With such a wide reach, Apple’s move to crypto, similar to Facebook, will be a huge...Read More
The much-anticipated, fully-regulated Bitcoin exchange and custody offering from Bakkt looks on track to make good on its previously-announced launch date later this month. The company has just announced that its Warehouse custody solution is now open for customer deposits and withdrawals.The Bakkt platform seeks to make investing in Bitcoin more friendly to institutional investors...Read More
Lithuanian blockchain startup DappRadar, a platform for discovering and analyzing blockchain-based decentralized applications (DApps), announced it raised $2.33 million in seed funding. $2.33 million to expand services On Sept. 5, DappRadar announced the closing of a $2.33 million seeding round, which was led by Naspers, a South African-based global internet and media group, with participation...Read More
When we talk about an open playing field in the Bitcoin ecosystem, price predictions on the asset’s future generate the most attention. Bitcoin has been around for little under a decade, and the limited time-period often leads to contrasting predictions. Personalities in the space are often predicting the price based on different factors, as the...Read More
Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment. Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release...Read More
September 6, 2019 21 Views This past Thursday, dapp.com closed a $1 million Pre-A Investment round led by Hashed, a South Korean blockchain VC firm, and Du Capital. Dapp.com provides data analytics for decentralized app products built on blockchains such as ethereum, EOS, tron, steem, and others. In a statement, Dapp.com Founder and CEO, Kyle...Read More
Overnight Bitcoin (BTC) was able to incur a significant amount of upwards momentum that sent it shooting past its previously established resistance level around $10,800, and any extension of this upwards momentum is highly likely to send the crypto into the $11,000 region in the very near-future.This upwards momentum has also allowed Bitcoin to begin...Read More
Bitcoin price has posted positive returns every quarter this year till date. Last time this happened, we saw BTC hit $20,000 in 2017. Is bitcoin preparing to repeat history then? Bitcoin Hit Green in All Quarters This Year Bitcoin is quietly inching towards the $11,000 price mark, as the contents of this piece are being...Read More
The crypto bros are a smart bunch. They know a thing or two about cryptography; they know how money is moved electronically across the world; and they know more than most about multiple interlocking positive feedback loops. But more than anything else, they know how to spin a “this is good for crypto” story when they see...Read More
Bitcoin price is closing in on $11,000 after a period of extreme volatility. Last week, the crypto asset fell below $10,000 in what many are calling a bear trap, and quickly bounced from lows around $9,400 back up the current price of $10,900 where it is currently trading.Along the way back up, yet another CME...Read More
Over the last few months, there’s been a lot of attention directed toward destinations like Slovenia, North Queensland, Japan, and Venezuela which capture the largest number of bitcoin cash merchants worldwide. Another region that’s seen a massive influx of BCH adoption is Keene, New Hampshire, a place that’s widely known for its lack of taxation,...Read More
It may be the official end of summer, but this week has been a bumper one for the Bitcoin price. Spot markets appear to be reacting to bullish news that institutional involvement is increasing. A SIMETRI Research analysis (below) highlights that if Bitcoin successfully passes $11,000, the market might see a retest of $15,000. Following...Read More
Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin. As Bloomberg reported on Sept. 5, lobbying disclosures filed earlier this week revealed that William Hollier, the president of legislative and regulatory counseling firm Hollier Associates LLC, began lobbying for Facebook on blockchain policy, among other matters,...Read More
Facebook stock is tanking and puncturing Nasdaq in its spiral. | Source: REUTERS/Leah Millis/File Photo Facebook stock (FB) plunged after a nine-state antitrust investigation was announced against the social-media monopoly. As of this writing, Facebook is the worst-performing stock in the Nasdaq. Facebook tumbled 1.9% shortly after the attorneys general of eight states and the...Read More
