Ethereum is Breaking its Correlation with Bitcoin, and It’s a Bad Thing for Bulls NewEthereum’s recent price action has been closely tied to that of Bitcoin in the time since it faced a rejection at its recent highs of $290, with its inability to further extend its parabolic uptrend signaling that bulls may not be as strong as they were previously thought to be. Further adding to this bearishness…
No, Ethereum Didn’t Just Print an Extremely Bearish Double Top Pattern NewOn Tuesday, the crypto market mounted a strong recovery, with the prices of Bitcoin, Ethereum (ETH), and other digital assets strongly bouncing off the weekend lows. At Tuesday’s local peak, BTC was trading 8.4% higher than the weekend low of $9,500. And Ethereum had rallied some 20 or so percent from the weekend low. While…
Six Hours of Unexplained Binance Downtime: Are Your Funds Really Safu? NewAccording to a tweet from the CEO of Binance, Changpeng Zhao, the well-known cryptocurrency exchange has suddenly paused its trading due to what is being called “unscheduled maintenance.” The tweet did not explain much more than that, but Binance has been facing issues for the past few weeks, infuriating their users. Due to the nature…
An Abundance of These Hidden Signs Show Bitcoin is About to See Explosive Momentum NewBitcoin has found some notable stability above $10,000 following yesterday’s massive rally that allowed BTC to surmount the resistance it was facing between $9,600 and $10,000. Its recent bounce does suggest that bulls have some significant strength. The course of its recent uptrend has also allowed the cryptocurrency to build some technical strength, and analysts…
This Small Crypto May Be Poised for a Rally to Fresh All-Time HighsThe uptrend seen by the aggregated crypto market throughout January began altering into a full-blown “altseason” in early February, when Bitcoin’s break above $10,000 allowing multiple cryptos including Ethereum, Chainlink, and Tezos to see massive rallies. Now, analysts are noting that Tezos could be gearing up for a massive movement towards its all-time highs, with…
Bitcoin Just Bounced at a Key Level, Signaling Further Gains are ImminentBitcoin and the aggregated crypto markets have seen some turbulence over the past couple of days, with bears gaining firm control over the entire market after BTC broke below $10,000 this past weekend. Analysts are now noting that things may not be as bearish as they seem, as Bitcoin has been able to bounce at…
Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum NewDuring the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also Read: Market Update: Bitcoin Halving…
Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC’s 41% Premium NewCryptocurrency markets have seen fresh gains on Wednesday after the slight pullback that started two days prior. Most of the top 10 digital currencies by market cap have gained between 4-8% and the entire market valuation of all cryptos has hovered between $295-300 billion. Also Read: Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding App…
How to Mine Bitcoin in 2020 NewBitcoin mining is a great way to earn cryptocurrency while providing a valuable service to the global network of users. Miners can set up a hardware operation by themselves or join forces with a large venture via cloud mining. If you are looking to enter this field in 2020, here is what you need to…
Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling NewA report published February 7 and authored in part by Blockstream researcher Christian Decker found that the BTC Lightning Network is “evolving towards an increasingly centralised architecture.” Proponents of LN say this is not a problem, and even critics of the network point to the necessity of properly defining — and not deifying — “decentralization.”…
Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin RegulationsThe 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett…
‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by StimulusFor a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number of wealthy people in the world spiked in 2019. The…
Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding App FlipstarterOn February 15, a user on the read.cash blog site announced the development of a new Bitcoin Cash fundraising project called Flipstarter.cash. The developers behind the platform highlighted the recent questions people have been asking about voluntary funding of the Bitcoin Cash commons. The Flipstarter team plans to release an application that allows people to…
Friend of BTC Mike Novogratz Has Laid Off 13 Employees NewIt’s one thing to say that bitcoin and crypto in general are doing well, but crypto-based companies? That could be an entirely different story, and Mike Novogratz may be proof of that. Mike Novogratz Is Laying Off Staff Members Novogratz is famous for building Galaxy Digital, a commercial crypto bank. It was announced that the...…
Future Samsung Phones to Come Equipped with Digital Wallets NewSamsung, the South Korean conglomerate and maker of smartphones, is becoming one of the biggest cryptocurrency and bitcoin supporters throughout the globe. Samsung Is Doing a Big Thing for Crypto The company – which at press time, accounts for nearly 20 percent of the world’s total smartphone sales – has begun releasing its new 5G...…
Filmmaker and Broadcaster Suggests a $400K Figure for Bitcoin NewBitcoin is jumping back to last week’s territory. Bitcoin Is Once Again Surging Up The world’s number one cryptocurrency by market cap gave everyone a bit of a freak out over the past few days when it fell from the $10,000 ranged it had so prominently reached to about $9,600, dropping by about $800 in...…
Wholesale Trading with Low Fees for Big Volume Traders on Remitano NewRemitano Wholesale: Enjoy our Airdrop Program up to 20,000 USD Remitano has recently launched Remitano Wholesale – a trading solution for large volume traders on Remitano with one of the lowest trading fees on the market at 0.1%. Traders will be able to save up to 90% on transaction fees when trading on Remitano, one...…
Cardano (ADA) Price Analysis: Fresh Increase Above $0.065 Likely NewADA price found support near the key $0.0560 and $0.0550 levels against the US Dollar. The price recently recovered and climbed above the $0.0600 resistance area. There is a key contracting triangle forming with resistance near $0.0640 on the 4-hours chart (data feed via Kraken). The price must climb above the $0.0640 and $0.0650 resistance...…
Bitcoin Price Analysis: BTC Primed For More Gains Above $10,500 NewBitcoin price corrected lower and tested the $9,500 support area against the US Dollar. The price is back in a positive zone and it recently rallied above the $10,000 resistance. There was a break above a major bearish trend line with resistance near $10,040 on the 4-hours chart of the BTC/USD pair (data feed from...…
North Korea Has Been Upping Its Attempts to Garner Crypto Since 2017North Korea has been upping its attempts to garner cryptocurrency through internet fraud since 2017, according to a new report. North Korea Has Been At It All This Time A spike of roughly 300 percent in illicit crypto activity has occurred since that year say researchers at the intelligence firm Insikt Group. Their new report...…
Tim Draper Invests $1 Million into ‘Digital Court’ Blockchain Project NewBillionaire investor Tim Draper has invested a million dollars in Aragon, a blockchain-based startup aiming to facilitate the creation and management of DAOs, and create the first digital jurisdiction. Aragon wants to decentralize power by creating a blockchain-based court system for community members to settle disputes. Tim Draper Adds to His Crypto Portfolio The legal…
SEC Forces Crypto Company to Return ICO Funds to Investors NewThe U.S. Security and Exchange Commission (SEC) has ruled that startup Enigma MPC violated federal securities laws when it conducted the ENG token ICO. The company must refund investors and pay a fine. SEC DECLARES ENG TOKENS AS SECURITIES The ICO took place in November, 2017 and raised approximately $45 million dollars. ENG is an…
How Does Bitcoin Distribution Compare to Wealth Inequality? NewWhen Bitcoin first came out more than a decade ago, it promoted a sense of equity and fairness that hasn’t been typical for the traditional financial system. However, the current distribution of coins shows that the gap between Bitcoin poor and rich is even more dramatic. Bitcoin Cannot Address Wealth Inequality Bitcoin has always seen…
US SEC to Decide on Last Remaining Bitcoin ETF in 1 Week NewJake Chervinksy, GC for Compound Finance, tweeted this morning about his pessimistic sentiment towards the Wilshire Phoenix Bitcoin ETF approval. The SEC has denied various prior ETF applications, and has voiced underlying concerns about Bitcoin market manipulation, despite commissioner Hester Pierce’s dissention with the agency’s recent decisions. A Bitcoin ETF is probably not happening in…
Mt. Gox Victims Could Soon See 88% of Losses Returned NewFortress Investment Group, a Mt. Gox creditor, has increased its offer to victims of the infamous Bitcoin exchange hack. In its newest offer to victims, Fortress offered $1300 per bitcoin or an estimated 88% of account value at the time of the hack. But will the offer be accepted this time? Are Mt. Gox investors…
RippleNet Partner Expands Remittance Network With Austrian Post Deal NewRemittance provider and RippleNet partner, Ria Money Transfer, has expanded its network through a partnership with Austrian Post’s bank99 subsidiary. The link up means that Ria will begin to offer its services through an additional 700 Austrian Post branches and partner locations. Bringing International Remittances To Austrian Post Office’s ‘bank99’ is Austrian Post’s new banking and…
ACX Crypto Exchange Gets Penalized By Australian Blockchain Body NewThe self-governing body Blockchain Australia removed ACX.IO from its list of partners, following trader complaints that the market operator has gone unresponsive. Blockchain Australia Removed ACX.IO, Global Blockchain from List of Constituents Blockchain Australia finally removed the ACX.IO exchange from its site after reports of missing funds. The exchange, which announced an audit in January,…
Enjin Platform Hits Mainnet: A No-Code Tool for Virtual Economies on Ethereum NewThe young Ethereum ecosystem is blooming, its recent traction powered by the rise of various sectors of innovative projects that leverage the smart contracts platform as foundational infrastructure. Crypto lending and decentralized exchanges have proven to be the most popular of these sectors to date, but they’re far from the only arenas of note. One…
The IRS is Calling Upon Crypto’s Upper Echleon Amid U.S. Crackdown NewIt appears the United States isn’t kidding when it comes to cracking down on crypto. The Internal Revenue Service (IRS), the tax-enforcing agency for the U.S., revealed that it will be convening with some of the crypto industry’s most important firms and “advocates” to discuss the taxation of digital currencies. IRS Ramps Up Crypto Efforts…
Mainstream Expansion: BitGo Buys Harbor Security Token Platform NewPalo Alto-based BitGo, one of the cryptoeconomy’s largest digital asset services firms, just made a decisive pivot toward the mainstream. On February 18th, BitGo announced that it had acquired Harbor, a tokenized securities platform that’s counted major venture capital firms like Andreesen Horowitz among its backers. The terms of the new deal were undisclosed, but…
2020 Election Campaign: Bloomberg Unveils Crypto Regulation Plans NewBillionaire Democratic Presidential aspirant Mike Bloomberg has included crypto regulations and other virtual currency-related matters as part of his financial reform policies. Bloomberg’s policy statements center around simplifying the current regulatory landscape for cryptocurrencies in the U.S. while proposing rules for crypto taxation and initial coin offerings (ICOs) among others. Several U.S. crypto and blockchain…
Bitcoin Rapidly Slingshots Past $10,000: What is Next? NewFortunately for bulls, this weekend’s pullback then subsequent consolidation resolved upward, with Bitcoin on Tuesday rapidly retaking the $10,000 level. At Tuesday’s peak, the price of the cryptocurrency hit $10,300, though it failed to break through this level when it tested it twice. Regardless of the short-term resistance, analysts have been impressed by the 8.4%…
Despite Second DeFi “Attack” Ethereum Bulls are Eyeing $300 Target NewThere’s no doubt that decentralized finance (DeFi) has been central to Ethereum over the past year. Speaking to me, Jon Jordan of DappRadar remarked that DeFi is arguably the blockchain’s first-ever “killer use case,” not digital kitties, on-chain gambling, or the issuance of initial coin offerings: DeFi certainly is the first category of dapps to…
Trade360 Review: Online Trading Platform With CrowdTrading NewIf you’re currently in the lookout for an online trading platform, have you considered the merits of Trade360? The CySEC regulated broker allows you to buy, sell, and trade heaps of asset classes. This includes the likes of stocks, currencies, indices, ETFs, and commodities. You can view what your fellow Trade360 members are buying and…
Data shows Ethereum is becoming more distributed over time as demand rises NewA recent report reveals that Ethereum is becoming widely distributed, which could be a direct result of a spike in demand for this cryptocurrency. Ethereum looks fundamentally strong On Feb. 18, Coin Metrics, a crypto market and network analytics provider, released the latest version of its “State of the Network” report. There, the firm highlights…
Strix Leviathan: the crypto quant fund that’s beating the market with a differentiated investment approach NewCareer dotcom entrepreneur and serial bootstrapper Jesse Proudman is the co-founder of Strix Leviathan, a quantitative hedge fund that’s beating the market through software and systematic investing. Like so many entrepreneurs, Proudman may have found his initial concept as a reward for past struggles. Before his last company Blue Box was acquired by IBM in…
Korean crypto company Contents Protocol to shut down and refund 27000 ETH NewContents Protocol, a Korean crypto startup focused on content exchange, announced that it will shut down due to a lack of business prospects and regulatory uncertainties. In a rare bout of professionalism and solidarity, the company will be refunding their investors, distributing just under 27,000 ETH on a pro-rata basis. Korean content exchange protocol shutting…
Data shows investors bought huge amounts of Ethereum this week, sparking joy for rally NewThroughout the past month, Ethereum has outperformed most major cryptocurrencies to become one of the best-performing assets amidst a strong bitcoin upsurge. Since Feb 1, within just 19 days, the Ethereum price has increased by 60 percent against the USD, from $185 to $280. What’s pushing the Ethereum price up? According to global markets analyst…
The U.S. government’s approach to crypto regulations hinges entirely on the 2020 electionThe United States government underneath President Trump has taken an aggressive approach to the crypto markets, with the President himself claiming that he is “not a fan of” Bitcoin, while the Treasury secretary claimed that the lack of regulations surrounding the nascent technology constitutes a “national security” issue. This hostile approach certainly hasn’t done much…
Cardano (ADA) sees huge YTD network activity growthThe Cardano (ADA) network has seen its network activity steadily rise this year, with metrics such as the number of daily active addresses, the total number of addresses, and the number of transactions all going up. According to data from IntoTheBlock, the network reached its ATH with almost 10,000 active addresses on Feb 12, which…
Craig Wright now claims Bitcoin is his intellectual propertyCraig Wright claimed that Bitcoin is his intellectual property and that all of those that infringed on it (i.e. Bitcoin Core developers) are about to be legally prosecuted. The self-proclaimed Satoshi Nakamoto outlined other equally ridiculous ideas in his blog post, including that all nodes and miners in the Bitcoin network are his personal agents.…
Fresh 2020 Highs Inbound: XRP Paints Highly Bullish Technical Pattern NewThis past week XRP saw an incredibly bearish retrace after struggling to maintain its position within the lower-$0.30 region, with its drop from its 2020 highs of $0.34 leading the crypto to plummet all the way to lows of $0.28 before finding any notable support. Now, however, the recent bullishness seen within the aggregated market...
XRP Falls Under 27 Cents in Crypto Market Flash Drop NewXRP has been like a rocket ship ready for a moon mission, with crypto speculators predicting an immense rally against the dollar and Bitcoin. But either XRP is refueling its jets before more upside or has just taken a detour back into a selloff, as the price of the number three cryptocurrency by market cap...
Ethereum Nosedives to $250 in Massive Crypto Market Dump NewThe number two cryptocurrency by market cap, Ethereum, just experienced a massive dump alongside many other major crypto assets, including Bitcoin and the rest of its altcoin brethren. Is the 2020 crypto rally finally finished, or is this just another opportunity to buy the dip across the crypto market before further upside in the days...
US a Major Bitcoin Miner Again; How Layer1’s Launch is Bullish for BTC NewThe Texas Bitcoin mining facility by Layer1 has gone live for the first time today. The all-in-house US Bitcoin mining initiative is seeking to address Chinese dominance of the cryptocurrency’s mining activity. Layer1 is hoping to expand rapidly from this initial launch. By the end of 2021, it plans to command as much as 30...
Bitcoin Craters to $9,300, Liqudating $120 Million in BitMEX Longs NewIt seems that Bitcoin’s plunge has accelerated since our last price update posted just minutes ago. We wrote our last update when the cryptocurrency was trading at $9,900 after sustaining a 2% drop in a few minutes’ time. Now the cryptocurrency is trading for $9,600, falling as low as $9,300 just minutes ago as of...
Bitcoin Plunges Below $10,000 After Harsh Rejection: Is this It for Bulls? NewOver the past few minutes, Bitcoin has plunged lower, just now losing the key $10,000 price level, falling through it as if was not much more than a piece of soggy letter paper. At the plunge’s worst, the cryptocurrency traded as low as $9,850 (on some exchanges), falling nearly 5% from the local top at...
These Simple Factors Suggest a Massive Bitcoin Rally is Brewing NewThe aftermath of yesterday’s massive Bitcoin rally has highly favored the cryptocurrency’s bulls, as BTC has now been able to stabilize above a key macro support level that is likely to further bolster its price action in the weeks and months ahead. Importantly, bull’s ardent defense of the mid-$9,000 region further supports the notion that...
US Bitcoin Miner Aims to Repatriate 30% of Hash Rate Citing National Security NewNew US Bitcoin mining outfit Layer1 has launched operations and aims to ‘repatriate’ 30% of the hash rate for the sake of ‘national security’
HSBC to Drop 35,000 Jobs and Invest in Digital Finance NewBanking giant HSBC plans to terminate about 35,000 of global jobs while doubling down on disruptive technology
EU Securities Regulator Flags Risks of Big Tech's Entry Into Financial Services NewThe ESMA, the EU’s financial governing body, noted several risks of big tech companies entering the financial space as part of a 2020 report
Ethereum Price Aims for $300 But M-Top Could Reverse the Trend NewEthereum price looks to set a new 2020 high but the loss of momentum is opening a door for bears to reverse the rally
Tim Draper-Backed Startup Launches Blockchain Browser to Avoid Censorship NewUnstoppable Domains is rolling out a blockchain-based browser to simplify access to the decentralized web
Former Ripple Business VP Takes Role at Major Bank Standard Chartered NewKahina Van Dyke, a former executive at Ripple and Facebook, has taken on a major role in managing the institutional clients of major bank Standard Chartered
Bitcoin Gold Is Held Captive by Whale With Almost Half the Supply NewBTG markets are being manipulated by a Bitfinex whale, an analyst argues
Bitcoin Slides Back Below $10K Amid Quick Bearish Sell-Off NewBitcoin has dipped back below the psychological area of support near the $10,000 level amid a 20 minute bearish sell-off.
OpenNode Finds Way for Retailers to Turn Fiat Payments Into Bitcoin (Using Apple Pay) NewBitcoin-loving retailers can now receive BTC from customers paying in fiat.
US Court Tells Telegram and SEC to Focus on ‘Economic Realities’ of Gram Token Sale NewIn his first public comments on the case, federal judge P. Kevin Castel called on Telegram and the SEC to consider the "economic realities" of the case such as the gram token’s secondary market.
Everything You Ever Wanted to Know About the DeFi ‘Flash Loan’ Attack NewHere's a plain-English breakdown of the bZx attacks and their broader implications for the budding DeFi markets.
Gemcoin Founder Agrees to Plead Guilty to Fraud, Tax Evasion for $147M Scheme NewSteve Chen agreed to plead guilty to tax evasion and conspiracy to commit wire fraud in connection with the $147 million Gemcoin scheme.
On-Chain Activity Suggests Bitcoin Price Volatility Will Continue, Thanks to ‘Whales’ NewBitcoin’s price volatility spiked in January and could further increase over the near term because “whales” have begun accumulating coins.
EU Official: We Can’t Regulate Libra Without More Details NewThe European Union is still trying to figure out what to do about Libra, according to a new memo.