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
In an incredible and slightly confounding turn of events, Bakkt’s bitcoin Futures volume has soared as much as 796% to a new all-time high (ATH). This is a far cry from previous volumes and a bullish sign of revival for Bakkt following its lackluster beginnings. Launching some two weeks ago, Bakkt day one performance showcased...Read More
As Facebook continues in the effort to launch its Libra cryptocurrency, the social media giant is likely to rely more heavily on paid lobbyists and the persuasion powers of its senior executives. Mark Zuckerberg prefers closed-door approach In a leaked audiotape of a Facebook town hall released by The Verge, the co-founder and CEO of...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
Reports indicate that the U.S. dollar will have the largest representation in the basket of currencies that will underpin Facebook’s forthcoming Libra cryptocurrency, sparking renewed fears that the greenback’s reserve-currency status will be upended by the social media network. Dollar Will Dominate Libra’s Basket of Currencies According to Spiegel Online, the U.S. dollar will make...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
Bertrand Perez, the general director of the Libra Association, has expressed confidence that Facebook’s stablecoin will launch during 2020. Speaking to French publication Les Echos, Perez indicated that while the Libra Association is expecting talks with regulators to continue, the project is slated for launch during the second half of next year. Perez also stated...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
Switzerland’s financial regulator has indicated that Facebook’s cryptocurrency project Libra will be required to meet additional requirements besides getting a payment system license prior to starting operations. In a press release, the Swiss Financial Market Supervisory Authority (FINMA) stated that the various services planned by Facebook’s cryptocurrency initiative had necessitated extra requirements being imposed: Due...Read More
Bitcoin price makes a retreat on Sunday’s trading. | Source: Shutterstock The bitcoin price dropped from $10,968 to $10,252 over the weekend within a two-day span by more than six percent against the U.S. dollar. Bitcoin price dropped by more than six percent since weekly high at over $10,900 (source: coinmarketcap.com) Previously, when the bitcoin...Read More
An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: Shutterstock Many armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance,...Read More
Bitcoin price fell sharply on Saturday after failing to break beyond $11,000. | Source: Shutterstock The bitcoin price abruptly dropped by more than five percent $10,949 to $10,204 in the past 24 hours at a point which technical analysts described as a critical moment for bitcoin. The bitcoin price has dropped by more than $500...Read More
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
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
Bitcoin bull John McAfee wants to resolve his disagreement with the South China Zombie Research Centre over their “zombie ICO” partnership. | Source: REUTERS/Alexandre Meneghini Bitcoin bull John McAfee wants to resolve his dispute with the South China Zombie Research Centre over their “zombie ICO” partnership. China Zombie threatened to file a $100 million lawsuit...Read More
Binance Coin has surged twice as fast as any other cryptocurrency over the past year, including bitcoin. Here’s why BNB is leading the pack. | Source: REUTERS / Darrin Zammit Lupi Binance Coin suffered one of its worst losses this year on May 7th after hackers took off with 7,000 bitcoins. The heist cost cryptocurrency...Read More
Switzerland’s central bank is running scared over its control on monetary policies in the face of stablecoins pegged to foreign currencies. | Source: Shutterstock; Edited by CCN Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path...Read More
Bitcoin could be on its way to $20,000 next year if a historical trend repeats itself once again, according to crypto trader Josh Rager. | Source: Shutterstock Crypto trader Josh Rager is a noted bitcoin bull known for his ambitious price targets. He is now predicting that the price of the flagship cryptocurrency could surge...Read More
Someone just moved $1 billion in bitcoin to an unknown wallet. | Source: Shutterstock On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. A $1 billion bitcoin transaction processed with a $700 fee (source: blockchain.com) The Token...Read More
Facebook’s crypto scheme appears to have spurred regulators to take the social media giant’s privacy scandals more seriously. | Source: REUTERS / Aaron P. Bernstein Following reports earlier today that dozens of state attorney generals were set to officially commence antitrust investigations into Big Tech behemoths Facebook and Google, New York Attorney General Letitia James...Read More
Bitcoin is looking at a fresh yearly high if support sticks, analysts have claimed. | Source: Shutterstock Since September 2, within four days, the bitcoin price has recovered from $9,500 to $10,700, rising by well over 10 percent against the U.S. dollar. The bitcoin price on a steady recovery since early September (source: coinmarketcap.com) As...Read More
China’s state digital currency is coming. | Source: Shutterstock China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank. Relaying the several key attributes of China’s new central bank digital currency (CBDC) Mu Changchun, deputy director...Read More
Bitcoin price has gained this week but what’s behind the move? | Source: Shutterstock This week brought a small reprisal for bitcoin price and the broader cryptocurrency market as it witnessed $20 billion added to its total market cap by late Tuesday. This was also reflected by an approximate 10% gain for BTC alone; so...Read More
Source: REUTERS / Alexandre Meneghini (i), Shutterstock (ii). Image Edited by CCN. A Chinese crypto project that allegedly paid 2020 U.S. presidential candidate John McAfee $4.5 million to promote the Initial License Offering (ILO) of its Zombie Coin has now threatened to sue the influencer for $100 million. According to the firm behind the CZcoin...Read More
The NSA has revealed plans to create a quantum resistant crypto. It’s not the first time the agency has taken an interest in cryptocurrency. | Source: Shutterstock The U.S. National Security Agency (NSA) is going from crypto surveillance to crypto creation. According to Bloomberg reporter William Turton, the agency is developing “quantum-resistant crypto.” Anne Neuberger,...Read More
