Bitcoin (BTC) Bitcoin price managed to increase by a total of 5.58% over the past 7-days of trading after rebounding from the support at $8,550 provided by the downside 1.618 Fibonacci Extension level. After bouncing, the cryptocurrency managed to travel higher as it broke the $9,000 level in yesterday’s session to reach $9,150 today. From...Read More
A group of angry victims of insolvent Chinese cryptocurrency exchange, FCoin, has reportedly gone after the family members of CEO Zhang Jian to get refunds for their missing funds, according to local reports. FCoin Users Not Impressed Some of the affected users had formed several Rights activist groups since the CEO first announced that they...Read More
With Ethereum (ETH) price consolidating over the last couple of weeks, top holders of the second largest cryptocurrency have been filling their bags with more coins, according to new data from Santiment, an on-chain metrics provider. According to the report, the largest 100 Ether wallet addresses have started accumulating higher percentages of the token’s total...Read More
The situation between TRON and Steem continues to raise controversy in the cryptocurrency community. The famous crypto proponent John McAfee recently shared his opinion on the matter, saying that Justin Sun is trying “to collect water with a sieve.” McAfee: Communities Cannot Be Purchased The former anti-virus software tycoon, John McAfee, has been a regular...Read More
A day after the Indian Supreme Court removed the ban on cryptocurrency usage, the interest in the country has been spiking. While the nation prepares for the following steps, the leading Indian cryptocurrency projects, such as Matic Network and WazirX, are already feeling the positive effects. Removes The Negative Sentiment Amongst The Average Indian The...Read More
Starting tomorrow, March 5th, the popular U.S. cryptocurrency exchange Kraken will be adding Tron’s native currency – TRX. The platform will initially provide four trading pairs, and trading will begin shortly after enabling deposits and withdrawals. Kraken Adds TRX The U.S.-based cryptocurrency exchange announced the news earlier today. At approximately 14:30 UTC on March 5th,...Read More
After overheating for months to pie-in-the-sky valuations, the stock markets are finally cooling down. Coronavirus may have been the catalyst, but market analysts worth their salt knew the correction was looming. The Buffett Indicator (the total market cap of the US stock market divided by US GDP) has surpassed the pre-Great Recession and pre-Dot Com...Read More
The pressure from the regulator on Facebook’s potential cryptocurrency project Libra has pushed the social media giant to alternate its plans. A recent report indicated that Facebook and its Libra partners are considering redesigning the acceptance of multiple currencies once the project is launched. New Plans For Libra When announced in June 2019, Libra attracted...Read More
Bitcoin’s hash rate just hit another new all-time high of 136 EH/s, an indication that miners are not backing out despite the recent selling pressure which led to a slump in the price of BTC last week. Miners Are Bullish On Bitcoin Data on Blockchain.com suggests that Bitcoin’s hash rate has been increasing steadily since...Read More
After last week’s plunge of over $1,500, Bitcoin rattled its 2020 positive run. The question remained if the $8,500 critical support level could hold the downfall, and, so far, it has. The largest cryptocurrency dipped below it to $8,440, but it managed to recover quickly. At the time of this writing, Bitcoin is trading at...Read More
All financial markets went through a severe downfall last week. The most popular indexes – S&P 500, the Dow Jones, Nasdaq, etc. – dropped with more than 10% in what history says it’s one of the worst trading weeks ever. In times of uncertainty, investors generally turn to safer options. Gold is considered to be...Read More
A recent report claims that criminals primarily use cryptocurrencies for money-laundering in Latin America. Most countries in the region lack serious security measures leading to exuberant thefts executed by organized criminal groups. LATAM’s Dark Side Compiled by the cyber intelligence company IntSights, the report went in-depth on Latin America’s involvement with illegal financial activities. More...Read More
Blockchain and cryptocurrencies expanded their presence and usage in 2019, says JP Morgan. The giant American multinational investment bank filed a comprehensive report regarding the performance of the technology and digital assets in 2019. Bitcoin Adoption Two years after the bank’s CEO, Jamie Dimon regretted calling Bitcoin a “fraud,” JPM issued a 74-page document that...Read More
Bitcoin lost a serious chunk of its Dollar value this week. Down about 12% over the past seven days, the cryptocurrency is currently trading at around $8,700. It’s essential to see where it goes from here. From above, there’s the 200-days moving average at $8,800, which has now turned to resistance. Bitcoin hasn’t closed a...Read More
The bloodbath on the traditional financial markets continues. While the S&P 500 continues to plunge, the interesting thing about the recent declines is that they were quick and violent. In fact, reports have it that the S&p 500 staged its quickest correction in history. Global Markets Continue To Tumble Global financial markets continue to suffer...Read More
Bitcoin’s correlations with gold and the traditional financial markets have been challenged in the past several days. However, some members of the community believe that it needs to separate itself entirely to continue growing. Bitcoin Compared To Gold And Stocks The largest cryptocurrency has a compelling history when compared to other assets. For instance, it...Read More
Global stock indexes continue to tumble, as the spreading coronavirus shows no signs of slowing down. With Italy reporting numerous confirmed cases, the virus is already spreading through Western Europe as well. The markets failed to recover, even after the President of the United States, Donald Trump, attempted to reassure that they are taking the...Read More
Finnish Customs seized 1,666 bitcoins several years ago during major drug busts. The digital asset’s value has grown with almost 2,000% since then, and the authorities are wondering what they could do with all the bitcoins. Finland’s Seized Bitcoins Back in 2016, police raids in Finland were a common sight. The notorious black market, the...Read More
The last few days have been catastrophic for traditional financial markets and pretty damaging to the cryptocurrency field as well. Major global indices are charting tremendous losses while the crypto market cap lost more than $30 billion in the past week. Major Indexes Chart Serious Losses Over the course of just a few days, major...Read More
Traditional financial markets are plunging today amid fears of the spreading coronavirus. While indices and stocks tumble across the globe, gold is increasing as investors turn to it as a safe haven. It reached its highest point since 2013. Amid this uncertainty, it’s interesting to see where Bitcoin’s price will go next. Stock Markets Plummet...Read More
With Bitcoin’s price increase in 2020, so does the interest in futures trading. A few days ago, for instance, CME recorded one of its best trading days with over $1 billion in daily volume. Other significant names in Bitcoin Futures trading, including BitMEX and Binance, are also noting impressive volumes lately. CME Bitcoin Futures Volume...Read More
It has been almost two weeks since the Trinity wallet attack, which has seen IOTA’s transaction coordinator halted. The fiat on-ramp was exploited by a hacker who leveraged the vulnerability to access IOTA’s Trinity wallet software, which was integrated with MoonPay. From there, funds were stolen from Trinity wallet users, with total losses believed to...Read More
Bitcoin’s total supply gets distributed among more addresses as its network matures over time. At the same time, some notable altcoins have up to 95% of their total supply held by several large addresses. This information came from a report gathered by the popular monitoring resource – coinmetrics. By examining numerous variables of data, the...Read More
In what could turn out to be one of the most serious SIM-card hacks in history, someone has reportedly stolen $45 million worth of Bitcoin and Bitcoin Cash from a single whale investor. Hacker Gets Away With Reported $45 Million According to a Reddit post from February 22nd, which is now deleted, an investor, who...Read More
Financial and monetary authorities in Japan are accelerating the process of creating their own digital currency. The Ministry of Finance, the Bank of Japan, and the Financial Services Agency have held an undisclosed number of meetings to establish a clear vision before eventually launching a central bank digital currency (CBDC). Japan Prepares For A Bank-Backed...Read More
Facebook’s potential upcoming global cryptocurrency project, Libra, has received positive news from Shopify. The Canadian multinational e-commerce giant announced today that it would join the Libra association to create a safe and accessible payment network. Shopify To Cooperate With Libra Almost immediately after its announcement in mid-2019, Libra became a target of regulators across the...Read More
The last week was action-packed for Bitcoin but also for altcoins. The entire market was on a wild ride, seeing notable gains and sharp declines. First things first, Bitcoin charted a Golden Cross for the first time this year. The 50-days moving average crossed over the 200-days moving average. Last time this happened, the price...Read More
Using centralized cryptocurrency trading platforms and custodians comes with a certain amount of risk as investors rely on the expertise of the exchange’s management team. Over the past eleven years since the creation of Bitcoin, there have been many reports of crypto exchanges that have either gone bankrupt or pulled an exit scam, leaving traders...Read More
The unregulated cryptocurrency bookmarkers are becoming a significant threat in the gambling world, said Hong Kong Jockey Club executive, Tom Chignell. He warns that such markets provide more room for race-fixing, and authorities should monitor and act accordingly. Unregulated Cryptocurrency Bookmakers Pose A Threat Hong Kong Jockey Club is one of the oldest racing establishments...Read More
The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona. Testing The E-Krona Recently reported by local news, the Riksbank is ready to launch a group to examine...Read More
