Russian Court: Bitcoin Theft Not a Crime NewA Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies. St. Petersburg’s Petrogradsky District Court has announced the verdict…
Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange NewThe bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26. Ebang is now the second mining rig manufacturer to have a U.S. initial public offering (IPO) by selling company shares. Since the initial sale on opening day, Ebang’s Nasdaq-listed “EBON” is down 11.5%. So far, the…
Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Investors to Eat up Entire New Supply NewA recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the new supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving in 2024 could see retail accounting for…
‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network NewDuring the last few days, a number of cryptocurrency supporters have been discussing Paul Sztorc’s Drivechain project, also referred to as “Drivenet.” The Drivechain project has been a work in progress for years now, and just recently Sztorc published a new version of the Drivenet software. On June 29, the Bitcoin proponent John Light tweeted…
Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful Competition NewPeer-to-peer (P2P) crypto exchange Localbitcoins has reported that 2019 revenue rose 10% to $29.6 million from $27 million a year ago. For the year, operating income fell 6% to $19.9 million from $21.2 million the year before. Localbitcoins did not provide detail about net profit. The Finnish marketplace said about $2.8 billion in volume was…
$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank AccountsGovernments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 million bank accounts. The Organisation for Economic Co-operation and Development (OECD) said on Tuesday that…
A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought CryptocurrenciesThe UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK cryptocurrency exchanges. UK Regulator’s Crypto Survey The Financial Conduct Authority (FCA), which…
Cardano (ADA) Is Forming the Signal That Preceded a 75% Crash: Analyst NewDespite Bitcoin’s stagnation, Cardano (ADA) has performed extremely well over recent weeks. Data from crypto research firm Messari shows that the leading altcoin is up 150% since the start of the year. This is a much better performance than almost all top-50 cryptocurrencies, save for a few outliers in the DeFi space. A full-time trader,…
Bitcoin Flashes Same “Consolidation” Fractal That Sent Its Price to $20K NewBitcoin price is trending inside a lengthy consolidation pattern after rallying by up to 170 percent in the second quarter. As calls for a breakdown move grow, independent market analysis firm TradingShot has released a bullish outlook for the cryptocurrency. It expects the BTC/USD exchange rate to break bullish, citing two eerily similar fractals that…
Bitcoin Spots Errors in US Jobs Report Way Ahead of Wall Street NewBitcoin closed its Thursday trading session in red even as an optimistic June employment report boosted risk-on sentiment. The cryptocurrency’s losses contrasted gains on Wall Street, showing first signs of decoupling after weeks of strong positive correlation. At the same time, the plunge showed Bitcoin second-guessing the US economy’s recovery amid rising COVID cases. Did…
Bitcoin Indicator That Predicted March’s 60% Drop Is Bearish Again NewBitcoin is seemingly stuck in no man’s land. As this outlet has covered extensively, the cryptocurrency has been caught between a crucial support and a crucial resistance; every time BTC attempts to break past $8,500 or $10,000, it is rejected. There is a growing sentiment that down will be the direction that Bitcoin eventually breaks,…
It’s “Do or Die” for Bitcoin After Being Rejected at a Crucial Technical Level NewBitcoin’s buyers attempted to spark a rally yesterday but were stopped short when it was rejected at $9,300 The crypto has since been trading directly beneath this level, struggling to garner any further buying pressure This resistance coincides closely with a critical technical level that buyers have been struggling to surmount It does appear that…
Three Simple Reasons Why Ethereum Won’t Benefit from DeFi’s Growth NewDeFi-related tokens have been caught within an intense bull market over the past several weeks, with many posting 100%+ gains This growth has been fueled by return-hungry investors looking to take advantage of “yield farming” This trend isn’t fading as fast as some analysts expected and could continue strong in the months ahead Although built…
Here’s Why Bitcoin’s Next Big Move May Occur in the Next 2 Days NewBitcoin and the aggregated crypto market have once again extended their multi-week bout of sideways trading The benchmark digital asset has continued trading sideways in the lower-$9,000 region, with most altcoin’s closely tracking its price action This may not last for too much longer, however, as one trend seems to indicate that BTC is gearing…
Singapore’s Huobi launches Chainlink (LINK) node, aims to bolster the DeFi market NewHuobi, one of the world’s largest crypto exchanges by market cap, is now running a Chainlink (LINK) node on its Wallet service, the firms announced in a release Thursday. The post Singapore’s Huobi launches Chainlink (LINK) node, aims to bolster the DeFi market appeared first on CryptoSlate.
Charles Hoskinson: Cardano’s code is the “highest quality” seen in the crypto space NewIt has been an exciting week for Cardano, with the ongoing rollout of the Shelly public mainnet electrifying the ADA community and sending the token’s price rocketing higher. The post Charles Hoskinson: Cardano’s code is the “highest quality” seen in the crypto space appeared first on CryptoSlate.
DeFi-favorite Ethereum wallet MetaMask gets Version 8 update, new features NewPopular non-custodial wallet MetaMask announced it will roll out a Version 8 update for the wallet in the coming weeks, promising increased privacy, a better UI, and other user-centric features. The post DeFi-favorite Ethereum wallet MetaMask gets Version 8 update, new features appeared first on CryptoSlate.
VC argues DeFi isn’t a bubble as Chainlink, Compound and more go parabolic NewIf you’ve followed the crypto market over the past months, you’ve likely noticed what many others have: a majority of the best-performing altcoins are based on decentralized finance (DeFi). The post VC argues DeFi isn’t a bubble as Chainlink, Compound and more go parabolic appeared first on CryptoSlate.
Fund strategists: The internet’s craziest traders will bring volatility back to Bitcoin NewBitcoin, and the cryptocurrency market, has largely traded in a tight price band since an initial rise in early-2020. Fund managers have taken note and are actively considering BTC as a hedge against global markets. The post Fund strategists: The internet’s craziest traders will bring volatility back to Bitcoin appeared first on CryptoSlate.
Cardano starts off first day of Shelley Virtual Summit with 5 new announcements NewCardano’a parent company IOHK started off the Shelley Virtual Summit with 5 major announcements, unveiling some of the innovations that were made possible by the public mainnet launch of Shelley, including its identity solution PRISM, a new model for governance on Voltaire, as well as a $20 million fund aimed at dApp development on Cardano.…
Ethereum co-founder says “rollups” will power ETH 2.0 to 100k TPS NewThe transaction per second (TPS) metric is informally considered the standard for the scalability of any blockchain. The post Ethereum co-founder says “rollups” will power ETH 2.0 to 100k TPS appeared first on CryptoSlate.
BItcoin’s Sudden Drop to $9k Coincides With Fed’s Balance Sheet Contraction NewBitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session. The latest price correction coincided with the Federal Reserve’s balance sheet contraction that strengthened the US dollar. S&P 500 remained closed on Friday for the Independence Day holiday. The past 24 hours saw Bitcoin breaking its short-term positive correlation…
U.K.’s FCA: Number of British Investors Buying Bitcoin Doubled in 1 Year NewThe U.K.’s Financial Conduct Authority (FCA) says the number of British people buying Bitcoin doubled in a year. In a research paper, the authorities said 2.6 million people bought cryptocurrencies at some point. In large part, the FCA’s stance towards crypto assets remains neutral. The regulatory body said that it believes many bought Bitcoin as…
Research: Bitcoin Volatility Reaches 1-Year Low, May Hint Big Move is Near NewThe volatility of Bitcoin dropped to around 50% last in the first quarter of 2020. By the end of the quarter, BTC saw volatility spike to nearly 200%, as its price dropped below $3,600.
Three Important Reasons Why Ethereum Could Tumble Below $220 NewEthereum failed to continue higher above $233 and declined sharply against the US Dollar. ETH is now trading below the 100 hourly SMA and it could continue to move down. Ethereum broke the key uptrend support level near $228 and the 100 hourly simple moving average. The price is likely to resume its decline unless…
Kyber Network (KNC) Rallies To New 2020 High: Here’s Why $2 Seems Possible NewKyber Network token price rallied above $1.500 and traded to a new 2020 high against the US Dollar. KNC price is currently consolidating gains and it could continue to rise towards $2.000. Kyber Network gained traction in the past few days and its token price surged above $1.000 against the US dollar. The price traded…
Bitcoin Faces Another Rejection And It’s Vulnerable to a Drop Below $9K NewBitcoin was rejected once again near the $9,300 resistance against the US Dollar. BTC is currently recovering, but it remains at a risk of more downsides below $9,000. Bitcoin topped near $9,302 and declined more than $300 in the past few hours. The price is now trading well below $9,200 and the 100 hourly simple…
Tesla CEO Elon Musk Says He Isn’t “For or Against” Ethereum NewEvery few months, Tesla’s chief executive Elon Musk comments on Bitcoin, Ethereum, or another cryptocurrency. In May, he commented on Bitcoin to J.K. Rowling, the author of the Harry Potter series. Responding to the author’s assertions that she doesn’t understand the leading cryptocurrency, Musk wrote: “Pretty much, although massive currency issuance by government central banks…
Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027 NewA report claims that the global food industry could save over $100 billion annually by implementing blockchain and IoT technology.
Vulnerability in Ravencoin Creates Extra 1.5% of Maximum Supply for Hackers NewAn issuance vulnerability resulted in the creation of an extra 5% of Ravencoin’s current supply.
OneCoin Marketing Scam Operator Fined $72,000 in Singapore NewA Singapore man was fined $72,000 for operating a multi-level marketing scheme linked to the Ponzi scheme OneCoin.
Chinese Supply Chain Innovator to Develop Blockchain System for SMEs NewThe Binance China Blockchain Institute has partnered with a state-level enterprise to jointly develop new digital infrastructure for small and medium enterprises in the country.
Set Your Alarms: Most Bitcoin Is Now Traded During These Hours NewThe start of trading in New York appears to impact Bitcoin volatility much more than other stock markets.
Bitcoin 90-Day Active Supply Soars to Pre-2017 Bull Run Level: Report NewAn on-chain metric which has been declining since 2017 is now signaling a bullish trend, analysts from Stack Funds say.
Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin NewWhile shares in Riot Blockchain and Hive Blockchain eclipse Bitcoin’s YTD gains, other mining firms have not fared so well — with Canaan crashing nearly 70%.
Bitcoin Cash Analysis: Crucial Resistance Nearby, Can The Bulls Make It? NewBitcoin cash price declined sharply below $220 and traded close to $205 against the US Dollar. The price is currently correcting higher, but it is likely to face hurdles near $225. There is a key bearish trend line forming with resistance near $224 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase)....…
Kirobo Introduces New Reversible Crypto Transaction Technology NewOne of the biggest problems with bitcoin transactions is that they are not reversible. If money is sent to the wrong address, the receiver may not be noble enough to give the funds back. An Israel-based startup known as Kirobo is looking to change all that. Kirobo Is Looking to Change Transaction History The company...…
Yassine Elmandjra: Bitcoin Will Soon Be a Global Currency NewSome of the biggest investors in the world – like Paul Tudor Jones – have stepped forward at some point this year to speak their praises for bitcoin. Now, a new investor – a major face behind Tesla, the Elon Musk-owned car company – is claiming that bitcoin could potentially serve as the world’s first...…
Crypto Trading Woes: What They Are and How UpBots Solves Them NewEveryone who has ever tried their hand at cryptocurrency trading knows that the whole process is much more difficult than it appears at first glance. There is a certain learning curve, which varies on a case-by-case basis, but there are tools that can help you flatten it almost completely. Many aspects of cryptocurrency trading give...…
Will This Year’s Third Quarter Be Negative for Bitcoin? NewBitcoin has remained relatively stable over the past few weeks, but according to Emmanuel Goh – co-founder and CEO of crypto data analytics company Skew – the currency is entering the third quarter, which means its volatility could potentially increase very soon. Bitcoin Doesn’t Experience Good Things in Third Quarters Goh suggests that in the...…
EOS Price Analysis: Trading Near Make-or-Break Levels At $2.45EOS price remained in a bearish zone and extended its decline below $2.225 against the US Dollar. The price traded as low as $2.182 and it is currently correcting higher towards the 55 simple moving average (4-hours). There is a significant bearish trend line forming with resistance near $2.450 on the 4-hours chart of the...…
Litecoin (LTC) Price Analysis: Bulls Facing An Uphill Task At $42.50Litecoin price extended its decline and it even spiked below $40.00 against the US Dollar. LTC price is now correcting higher towards $42.50 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $42.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The...…
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Bitcoin’s Price Correlation With S&P 500 Hits Record Highs NewBitcoin's correlation with the S&P 500 is somewhat erratic, but the relationship has just got stronger. That may not be bad news.
E-Gold Claims US Officials Buried Key Report in 2008 Landmark Crypto Ruling NewA court filing alleges federal government suppression of an OFR review led to crypto businesses being defined as money transmitters.
Crypto Investment App B21 Expands to India NewThe Gibraltar-based company said the move was prompted by rising consumer interest and trading volumes in the nation after a ban on banking services for cryptocurrency firms was lifted.
Cardano Developer IOHK Launches $20M Fund for Ecosystem Startups NewThe cFund will invest anywhere between $250,000 and $500,000 into startups and small businesses using Cardano or IOHK tech initiatives.
Singapore Man Fined $72K for Promoting Crypto Ponzi OneCoin NewPolice said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.
Swiss Bank InCore Enables Euro On-Ramp for Crypto Exchange Kraken NewThe move comes at a time when traders are seeking alternative sources of capital value during an "uncertain macroeconomic climate."
There Are More DAI on Compound Now Than There Are DAI in the World NewThe amount of DAI deposited on Compound skyrocketed by more than $140 million on Thursday – somehow exceeding the total amount of DAI in existence.