A woman based in the United States island-state of Hawaii has lost nearly half of her entire life savings, in a crypto mining-related Ponzi scheme.The post appeared first on NewsBTCRead More
The cryptocurrency exchange known as Bitfinex is often the playground chosen for many whale traders, who take up large positions in Bitcoin and other cryptocurrencies using leverage to amplify their returns.The post appeared first on NewsBTCRead More
Financial cryptographer. Cypherpunk. Inventor of Ricardian contracts and early utilizer of triple-entry accounting systems, which would later be exemplified in Bitcoin. Ian Grigg may have claimed that Satoshi was a team effort and is now dead, only living on in bitcoiners everywhere, but some seem to think it’s him. In this installment of “the many...Read More
This week, just as bullish crypto investors and traders began to lose hope that Bitcoin could prevent a fall further to new lowers, a powerful reversal may have started, reviving sentiment across the crypto market.The post appeared first on NewsBTCRead More
As 2019 approaches its end, many are sharing their views on what 2020 and the future of Bitcoin may look like. Fundstrat’s Head of Research, Tom Lee, seems to be very optimistic. The end of the year for crypto usually means the time when prices are surging, although this seemed more and more unlikely in...Read More
Germany remains a very interesting region when it comes to cryptocurrencies. Local officials are seemingly intent on regulating this industry early next year. Given the new regulations introduced in the EU, that doesn’t come as too much of a surprise either. More Crypto Problems in Germany Due to these guidelines, the German Banking Act and...Read More
It doesn’t happen all that often to see bitcoin gain positive recognition. For some reason, Spain’s Cyber Security Institute deems it safer than bank-based payments and transactions. The new infographic by Spain’s CSI paints an interesting picture. Bitcoin is a Solid Payment Method Most of the fraudulent financial activity occurs through traditional payment methods. This...Read More
Bitcoin’s bulls have lost the overwhelming strength they incurred yesterday when they propelled BTC off of its recent lows of $6,400, as the crypto has now lost nearly all of the momentum that it incurred during the course of this fleeing rally.It is important to note that this recent rally marked an ardent defense of...Read More
Institutions have long been looked upon by Bitcoin and crypto investors as a mysterious force that would help catalyze the next major bull run. Throughout 2019, however, there was much less brazen institutional involvement than was previously expected, which greatly disappointed embattled investors.In spite of this, a recent report from a digital asset management group...Read More
Making cryptocurrencies more useful and usable is a key challenge. Simplex has come up with a way to integrate bitcoin in Telegram, albeit not with a traditional mindset. More specifically, this feature allows users to buy and sell bitcoin over Telegram. Simplex Makes Buying Bitcoin Easier All users need to do is interact with the...Read More
Yesterday was an overwhelmingly bullish day for the cryptocurrency markets, with Bitcoin posting a large surge from its lows of $6,400 that led Ethereum (ETH) and most other major altcoins to climb as much as 10%.This upwards momentum was somewhat fleeting however, and Ethereum’s retrace from its recent rally may stem from the ongoing sale...Read More
A little bit of drama involving cryptocurrencies can generate a cascading effect. In Australia, a viral video demonstrating a TravelByBit double-spend attack has many retailers worried. The viral video shows only how this particular payment processor is affected. A Troublesome Development for TravelByBit TravelByBit supports both Bitcoin and Bitcoin cash at this time. However, it...Read More
Bitcoin price may be dropping deeper into a downtrend over the course of the last few months, but the first-ever cryptocurrency is actually much closer now to fair market value than it has been throughout the year.The post appeared first on NewsBTCRead More
Alexei Navalny, Russia’s leading critic of the current Kremlin administration, has attracted a serious amount of cryptocurrency in the form of anonymous donations for his corruption-combatting NGO. The digital coins collected since the beginning of this year have amounted to well over $700,000 at current prices. Also read: Russian Tax Authority Registers Crypto as Part...Read More
DeFi, or decentralized finance, is an essential part of an open financial system. DeFi tools are censorship-resistant, unbiased, and available to anyone with a smartphone. That’s why for this winter’s hackathon, we focused on bringing DeFi to the world. Hackathons are a critical part of Coinbase’s culture. They’re a great opportunity for anyone to pursue...Read More
The cryptocurrency market is has a wild west atmosphere, rife with hackers, cybercriminals, and scammers galore.The post appeared first on NewsBTCRead More
Lacking any central authority for either issuance or custody, Bitcoin has often been described as resistant to confiscation. Recent news out of Hong Kong highlights the importance of such qualities, particularly in an increasingly divided world.Authorities in the Chinese Special Administrative Region have frozen almost US$9 million of donations received by protesters in Hong Kong....Read More
A sudden bounce back led bitcoin to register its biggest daily gain in seven weeks.Earlier this week, the cryptocurrency had fallen by up to 9.91 percent on Coinbase exchange.The latest push upwards flashes an interim bullish setup.Bitcoin on Wednesday surged by more than 10 percent to register its biggest daily gain since October 25.The leading...Read More
Billionaire Tim Draper recently spoke about emerging technologies, especially blockchain and crypto, revealing what he expects will come in years to come. The year 2019 is at its end, and the next decade is ready to begin. However, while the new decade means a new beginning for a lot of people, it also means a...Read More
Most of the developments in the crypto industry appear to go by unnoticed. Kraken has been on a very aggressive acquisition spree throughout 2019. The most recent acquisition comes in the form of Circle Trade. Kraken Keeps Picking up Smaller Companies Prior to that development, however, Kraken had already taken control of three other firms....Read More
It would appear that the ICO industry has ground to a complete halt. Instead, the IEO business model now takes center stage, albeit the returns aren’t always guaranteed. Most people who invest in an IEO do so for the potentially high returns. Not Every IEO Guarantees Returns After all, it is an easy and quick...Read More
Bitcoin’s bullish response to its capitulatory overnight drop to lows of $6,400 has now resulted in the cryptocurrency incurring a significant amount of bullish momentum that has allowed BTC to break back into the $7,000 region.This bullish response came about after BTC tapped a key support line when it visited these recent lows, and the...Read More
The cryptocurrency markets have been caught in the throes of immense volatility over the past few days, with Bitcoin plummeting to lows of $6,400 earlier this morning before posting a strong rally back up towards $7,000.With the exception of Bitcoin’s recovery today, this volatile price action has primarily favored sellers. The ongoing downtrend may be...Read More
When a lead developer of a cryptocurrency project steps down, there is often some confusion. In the case of Monero and Fluffypony, there is very little to be concerned about. In a recent post the Monero Core Team made a crucial announcement. Small Big Changes for Monero It explains how Fluffypony will no longer be...Read More
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations of...Read More
Cryptocurrency scams and Ponzi Schemes seem more prolific in Asia and Africa One Ugandan scammer by the name of Samson Lwanga was recently arrested. In Africa, virtually everyone wants to make extra money as quickly as possible. Another Ugandan Ponzi Scheme Shuts Down It is for this reason that scams and Ponzi Schemes are so...Read More
It seems that cryptocurrency is the most overhyped trend for both founders and employees at startups. The information comes from First Round Capital’s annual State of Startups report.Also receiving a disproportionate amount of interest from both groups were artificial intelligence/machine learning and virtual/augmented reality.Optimism for Crypto Doesn’t Match Reality, According to Startup Founders and EmployeesFirst...Read More
Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S. Financial Crimes Enforcement Network (FinCEN) and is currently approved to operate in 44...Read More
People who believe bitcoin is currently in a bull market just because it avoided a drop below $6,400 are wrong, according to Alex Krüger.The prominent market analyst made bold comments about halving, an event that would reduce the bitcoin mining reward from 12.5 BTC to 6.25 BTC effectively from May 2020. Krüger refuted popular price...Read More
Ripple’s native asset XRP fell into an extreme negative area this Wednesday as investors pulled billions of dollars out of the entire cryptocurrency market.The XRP-to-dollar exchange rate established an intraday low of $0.174 on BitStamp around 1300 UTC. That brought the pair down by 4.39 percent from the market open. At the same time, the...Read More
