Pantera Capital, a hedge fund and investment company have invested in Polkadot and at minimum three other initiatives which are focused on scalability. Other projects adopted by Pantera are Origin, BloXroute, and Filecoin. The purpose of the collaboration is to find lasting solutions to major scalability problems being confronted within the crypto ecosystem, and all...Read More
Despite the hysteria over the identity of Satoshi Nakamoto, it doesn’t matter who he is because bitcoin transcends any individual. | Source: Shutterstock There has been a barrage of media coverage in recent weeks over the identity of Satoshi Nakamoto, the mysterious inventor of bitcoin. The coverage hit a fever pitch this week due to...Read More
Craig Wright hasn’t been ordered to pay $5 billion to the Kleiman estate – yet. But if it comes, will he relinquish the Bitcoin fortune? | Source: Oxford Union/YouTube Dave Kleiman’s estate might have a difficult time reclaiming its alleged half of Craig Wright’s $10 billion Bitcoin fortune – and not just because critics say...Read More
This ridiculously simple Bitcoin scam is stealing funds from crypto ATM users, using nothing more than a single piece of paper. | Source: Shutterstock Many devious scammers will go to extreme lengths to steal your hard-earned crypto funds. However, one Canadian fraudster devised a lucrative Bitcoin scam that’s decidedly more low-tech. It involves a single...Read More
New data reveals Bitcoin’s true value is way less than you probably think – but that’s not necessarily a bad thing for BTC. | Source: Shutterstock Bitcoin’s reported $172 billion market cap may be a point of pride for cryptocurrency enthusiasts everywhere, but how accurate is it as a measure of Bitcoin’s worth? Not much....Read More
Ex-Amazon employee, arrested last month over Capital One data breach, has also been accused of hacking over 30 more companies. In addition to stealing data, Paige Thompson allegedly used the compromised servers to mine cryptocurrency. Hacking The Hand That Feeds You The FBI arrested Thompson at the end of July, concerning a massive data breach...Read More
According to a recent report, a leading financial institution PNC has become the first bank to provide international remittances service in the United States using RippleNet after it remitted $4.3 billion as revenue in the first quarter of 2019, and had $385.9 billion in average assets. The bank now uses Ripple’s chain of banks and...Read More
A report finds that 4 out of the top 5 Google results for Bitcoin QR code generators link to websites hosted by scammers. | Source: Shutterstock An analysis of Bitcoin QR code generators reveals the precarious state of basic security in the cryptocurrency sphere. A report from ZenGo shows four out of the top five...Read More
China has rubbished reports going rounds in a section of the media that its Central Bank Digital Currency (CBDC) is all set for a launch after nearly half a decade of thorough research and development. A Chinese state-owned media outlet “The Global Times” took to Twitter to deny a widely-circulated Forbes report that the People’s...Read More
China is not launching a central bank-backed crypto in November, says China’s state media outlet the Global Times. | Source: REUTERS / Dado Ruvic China is not launching a central bank-backed crypto in November. That’s what Chinese state media outlet the Global Times said, in refuting a Forbes report. Central bank calls report ‘inaccurate speculation’...Read More
Bitcoin (BTC) functionality was officially integrated into Samsung S10 models, with the features currently being available in a few countries. Tech giant Samsung has completed the integration of Bitcoin into its Blockchain Keystore Software Development Kit (SDK). The newest Galaxy Note 10 will also have the new feature. The announcement for the feature was officially...Read More
Several Bitcoin Lightning Network projects have been found to carry vulnerabilities that can potentially cause the loss of crypto funds for their users. Projects that are running Lightning Network nodes have received instructions to upgrade their clients as soon as they can. This warning is also applied to those using the popular Éclair crypto wallet....Read More
Bitcoin SV is up over 5 percent on Friday’s trading, leading a stuttering crypto market recovery. | Source: Shutterstock Bitcoin SV (BSV) is delivering better returns than rival assets this Friday even after its founder Craig Wright’s embarrassing loss in a recent courtroom battle. As of 11:00 GMT, the BSV-to-dollar exchange rate was trading more...Read More
Terror groups are increasingly using Telegram to raise cryptocurrency, a think tank has claimed. | Source: Shutterstock The privacy-focused instant messaging app Telegram – that is launching its blockchain in October – is reportedly used by terrorist groups to raise funds in crypto for their cause, a recent study shows. Supporting terrorists by donating car...Read More
An interactive bird feeder that will take your crypto to release food for birds is still live on YouTube at press time. | Source: YouTube/Mr. Dove Bitcoin may not be for the birds afterall. An interactive bird-feeder which is being live-streamed via YouTube allows users to feed birds with cryptocurrency donations. Despite Bitcoin being the...Read More
UK billionaire Alan Howard’s Elwood is reportedly making major investments in crypto hedge funds. | Source: Shutterstock A new crypto venture is on the horizon, boasting a $1 billion treasury and a mentor that Forbes in 2013 listed as “one of the 40 highest-earning hedge fund managers.” The unnamed platform is a part of Elwood...Read More
Cutting through the squiggly lines of technical analysis, here are three very simple reasons why you should NOT be buying any Bitcoin in the short term. | Source: Shutterstock Bitcoin’s recent drop below $10,000 split an already fractured cryptocurrency community into two distinct camps. On one side are the optimists who believe Bitcoin’s drop to...Read More
The motive behind the development of a central bank digital currency (CBDC) by the People’s Bank of China which is also known as the Central Bank of China, is currently under investigation by analysts from Binance Research. If the cryptocurrency is created, it will make China the first major country in the world to issue...Read More
The Ethereum issuance of Tether (USDT) is quickly becoming the most utilized version of the stablecoin – and pushing Bitcoin and Omni out of the game. | Source: Shutterstock Tether (USDT) transactions on the Bitcoin blockchain are losing ground to Ethereum at an ever-increasing rate. Ever since the Tether stablecoin was issued on Ethereum in...Read More
The bitcoin price suffered a painful crash this week, but bulls shouldn’t imagine the worst is over. This dump isn’t finished – not even close. | Source: Shutterstock By CCN Markets: The bitcoin price suffered a massive setback on August 28th, crashing through support at $10,000 before testing the low $9,000s. We warned that this...Read More
The UN’s cyber czar blamed Bitcoin and other crypto assets for making it significantly harder to fight child sexual exploitation and other crimes. | Source: Twitter (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: A senior UN official, Neil Walsh, claims that Bitcoin and other cryptocurrencies have made the task of fighting money...Read More
The court proceeding of shutdown Canadian crypto exchange QuadrigaCX has relocated the case to focus on the users based in Ontario. Ernst & Young (EY) the accounting firm that serves as the exchange’s bankruptcy trustee, appealed to relocate their case. The case is currently being handled in Halifax, Nova Scotia, but they want to move...Read More
XRP is down 5 percent on the day and has seen a significant retreat this year. | Source: Shutterstock By CCN Markets: To say that Ripple (XRP/USD) is a laggard would be a huge understatement. The cryptocurrency has been in a long downtrend ever since it posted an all-time high of $3.30 in January 2018. It...Read More
The Binance exchange has announced that it has launched a developer-focused platform, called “Binance X,” which will further the crypto adoption movement. Binance X will serve as a learning and collaboration platform for developers looking to get into the blockchain ecosystem. The project will also help developers get involved with Binance’s own solutions such as...Read More
South Korean exchange Bithumb has announced a new committee which will evaluate the cryptocurrencies listed on the platform on a monthly basis. The new committee called “the Listing Eligibility Deliberation Committee,” will take into account certain factors, such as 24-hour trading volume, base market capitalization variations and project backing. “The specific conditions for the delisting...Read More
Bitcoin price fell sharply on Thursday’s trading to land around the $9,500 level. | Source: Shutterstock By CCN Markets: The bitcoin price crumbled overnight, breaching the psychological barrier of $10k and dropping as low as $9,334 on Coinbase. The fall marked a nine percent collapse in a matter of hours, wiping out a total of...Read More
French authorities recently disabled a botnet server which infected 850,000 other servers across 140 countries with a cryptojacking virus. The French cybersecurity revealed yesterday that shut down a botnet force comprising of 850,000 servers which operated mostly in Latin America. The main server of the operation was located in France and infecting computers with Monero...Read More
When the financial crisis hits, is filling the crypto wallets safer than hoarding the gold, papers, or cans? Hopefully, recognizing the cause of the crisis will point to the safe ground. Nowadays, the US and China trade war can trigger the crisis due to its enormous impact on worldwide production costs. Furthermore, Coca Cola raising the...Read More
Bitcoin and the wider crypto market are taking an absolute beating on Thursday. | Source: Shutterstock Following an abrupt drop from $10,277 to $9,700 in the bitcoin price on August 28, the dominant crypto asset has continued to demonstrate weakness in its short term trend. The bitcoin price has dropped by more than $1,000 in...Read More
Today Bakkt revealed that one of the most important pieces of the puzzle is in place. They are days away from securely custodying bitcoin for clients. | Source: Shutterstock For months we didn’t hear a peep out of Bakkt, and now the NYSE owner-backed exchange won’t hush and it’s music to the ears of the...Read More
