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Bitcoin is on the verge of invalidating a critical bullish technical pattern. The analogy surfaced after the cryptocurrency broke below the pattern’s support level. A prominent analyst sees the latest downside move to extend itself towards Bitcoin’s 200-day moving average. origin »
It’s been a tough past few days for Bitcoin. After plunging approximately $1,000 in 24 hours, the cryptocurrency has yet to decisively bounce. The lack of recovery has led some to suggest that BTC is primed to move under $9,000. origin »
Five individuals have been identified by Indian police as likely involved with a crypto investment scam that has operated since 2017. origin »
Ever since the coronavirus pandemic began, bitcoin has been on a rollercoaster ride. While the BTC price has been trying to push higher, in May, miner rewards were cut into half to 6.25 BTC. After miner inflow was reduced by 50%, there have been reports of Grayscale’s GBTC Bitcoin Trust buying the digital currency at […] origin »
An official report released by Ziglu on June 15, 2020 confirms the launch of crypto marketplace and exchange, Ziglu after a $6.6 million seed round funding from friends and other angel investors. According to CEO of Ziglu, Mark Hipperson, the exchange is aiming to bring to its customers the best, cheapest and fastest ways to […] origin »
After a four day wait, the Ethermine mining pool, in charge of verifying the abnormal multi-million transaction fees charged to send Ethereum last week, will distribute the funds to the miners. This follows the lack of response from the account holder who made the transaction. origin »
The first half of June hasn’t been a good one for bitcoin. Opening the month around $9,500 to see a pump and dump of more than a thousand dollars, the world’s leading cryptocurrency has been slowly making its way downwards that had it falling below $9,000. origin »
Famous crypto exchange OKEx and peer-to-peer (P2P) marketplace Paxful have just closed a new partnership to offer its customers new fiat on-ramps. In a statement from Monday, Paxful said the new move will also bring benefits to its own users, as it provides ease of access and better liquidity. As per the same statement says, […] origin »
Daily Ethereum gas usage continues to be at its all-time high after seeing an increase of 58% since the beginning of the year. Currently, it is hovering above the 60 billion mark. During the 2017 bull run, the Ethereum gas usage spiked significantly, surging 3413%. origin »
Bitcoin (BTC) is increasingly gaining its fame as a favorable replacement to the current fiat backed monetary systems. One of the latest top personality to speak on the potential of BTC posing a threat to the current financial world is top selling author and financial analyst, Max Keiser. An interview by Max Keiser on RT […] origin »
“It's been a disappointing year for Bitcoin,” writes Bloomberg editor, Joe Weisenthal in his Monday newsletter. 2020 continues to be a tragic year, the world struggling with the coronavirus pandemic, its economic impact, and protests worldwide. origin »
U. S Treasury Secretary, Steve Mnuchin, has ruled out the possibility of a second lockdown despite a spike in new COVID-19 cases within the United States. This comes as Wall Street and Asian markets dipped towards the end of last week in fears of possible second wave. origin »
With the next crypto bull run on the horizon, investors have speculated that Ethereum will be one of this cycle’s best investments. As reported by Bitcoinist previously, Chris Burniske, a partner at Placeholder Capital, said that he thinks Ethereum could rally to $7,500 in the coming years: “If BTC goes > $50,000 in the next cycle, and ETHBTC returns to its former ATH, then expect to see ETH > $7,500. To the mainstream ETH will be […] origin »
Will bears break the next support level of XRP soon? origin »
The founder of AVA Labs Emin G?n Sirer has revealed his attitude on Proof-of-Work mining and explained why he took the side of Bitcoin Cash instead of Bitcoin in 2017 origin »
If there's one thing that Roger Ver and Adam Back can agree on, it's their disdain for Craig Wright origin »
The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar. origin »
Check out this week’s Bad Crypto podcast.
origin »On June 12, 2020, the former CEO of Mt Gox, Mark Karpeles, tweeted about the notorious Craig Wright, the man who claims to be Satoshi Nakamoto. Karpeles and a number of crypto community members, assert that Wright’s legal team from London has been sending documents to certain individuals. origin »
A Spacex bitcoin scam has frequently appeared on Youtube, claiming to give away BTC. Its promo video features the recent Spacex launch with two NASA astronauts and an interview with Spacex and Tesla CEO Elon Musk. origin »
“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. origin »
The website Kycnot.me has compiled a list of cryptocurrency exchanges that do not require identity verification to preserve the independence of crypto. origin »
Japan's minister of finance questioned crypto terminology, a company joined the Japan Security Token Association and more headlined news from Japan this past week. origin »
JPMorgan’s strategists have reportedly found bitcoin’s market structure to be more resilient than those of currencies, equities, Treasuries, and gold. In a new report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class. origin »
To become truly decentralized, blockchain projects should remove dependency on the centralized cloud providers used as their data storage. origin »
Researchers have concluded that the recent Ether transfers that spent over $5 million in gas fees are the result of hackers trying to extort a compromised exchange. origin »
Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. origin »
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