The US Commodity Futures Trading Commission has unveiled its strategic plan for the years 2020-2024. The US regulator plans on developing a comprehensive regulatory framework for the digital currency industry, among other goals. Cryptocurrencies have been a tough sector for regulators to regulate, with many taking a wait-and-see approach. Now the CFTC has revealed its […]
Coinspeaker AMZN Stock Up 1.79% in Pre-market, Amazon May Become Most Valuable CompanyAmazon’s performance in today’s pre-market further solidifies its bid to surmount other companies as the world’s most valuable brand.AMZN Stock Up 1.79% in Pre-market, Amazon May Become Most Valuable Company
Cryptocurrency exchange Cashaa says it has lost 336 bitcoin (worth around $3.1 million) to hackers. The London-based platform has now ceased all crypto-related transactions, including withdrawals and deposits, as investigations into the breach get underway. In a tweet on July 11, Cashaa claimed that the hacker attacked one of its Blockchain.com wallets, which is used […]
Prominent crypto analyst and influencer Crypto Bitlord says Bitcoin (BTC), Ethereum (ETH) and XRP are on the verge of a rally that will put the 2017 bull market to shame. In a tweetstorm, Crypto Bitlord tells his 120,000 Twitter followers he believes it’s only a matter of time before Bitcoin takes out psychological resistance of $10,000 en […]
Dent is a data exchange platform that was created on the Ethereum blockchain network. It has no central network like other cryptocurrencies and it allows users of Dent to purchase mobile data. Users of Dent can also share data of their own accord through a system on the platform. Smart contracts which operated on the […]
via CoindeskAccording to Glassnode, there are now just 103 addresses holding at least 10K Bitcoin (BTC-USD) - that's the lowest amount since May 2019, and down 8% over the last 2.5 months.At current prices 10K Bitcoin would be worth nearly $100M.The knee-jerk reaction to that information seems bearish, i.e. "whales" lightening their stakes might not be great news. But GSR Markets' Richard Rosenblum opines that the data suggests crypto markets are becoming more decentralized, and that's a bullish trend.Coindesk takes note of a rise in lower-value Bitcoin addresses of late, with 2,155 now holding at least 1K coins in their accounts, up 3% since April. Also on the rise are those accounts holding at least one coin in their account, not to mention those holding fractions of coins.Bitcoin this morning continues its extreme flatline action of the last few weeks, currently changing hands at $9,260.
Bitcoin has for months maintained a market dominance of over 60%. Because of this, altcoins have been unable to hit their stride in the form of a full-blown rally. While several coins have on occasion recorded high gains, as a whole, altcoins are still lagging with most underperforming. But in recent days, altcoins have been […]
Despite a brutal bear market that shook out most investors, Ethereum is fundamentally stronger than ever. David Hoffman, the CCO of RealT and a podcaster in the industry, accentuated this in the tweet below. The tweet notes that a number of Ethereum’s usage metrics and use cases are at all-time highs, despite the meager price action. Almost everything is at ATH's on Ethereum ðŸ“ˆ ~Assets~Stablecoins – $8BValue in DeFi – $2.2BDAI – $186MBTC – $135MTokenized […]
Coinspeaker Rossari Biotech IPO Opens for Subscription: Should You Invest?Rossari Biotech is going for an IPO. Its equity shares will be listed on the NSE and BSE. The likely date of listing is July 23.Rossari Biotech IPO Opens for Subscription: Should You Invest?
Coinspeaker Fidelity Takes Over 10% in Bitcoin Mining Company Hut 8Fidelity holds about 10.6% stake in Canadian Bitcoin mining firm Hut 8, according to a regulatory filing Fidelity’s investment in Hut 8 is significant since the asset management giant is known to be mining BTC since 2014.Fidelity Takes Over 10% in Bitcoin Mining Company Hut 8
According to local press reports, the Ministry of Public Security said ten individuals had been arrested, and over $15 million have been seized from a crypto scam that sold counterfeit tokens. Arrests were made in the city of Wenzhou in connection with the crypto scheme. The crypto scam is thought to be the first of its […]
Coinspeaker Qualcomm Set to Invest $97 Million in India’s Reliance Jio PlatformsAfter raising billions from high-profile companies, Reliance Jio is set to receive $97 million from Qualcomm, to “roll out” 5G infrastructure services.Qualcomm Set to Invest $97 Million in India’s Reliance Jio Platforms
Coinspeaker Cloud Services Company Rackspace Files for IPO after $4.3 Billion Buyout in 2016This is not the first time Rackspace goes public. Back in August 2008, the company had its public debut. With an upcoming IPO, Rackspace hopes to grow and cover its debts.Cloud Services Company Rackspace Files for IPO after $4.3 Billion Buyout in 2016
A FUD regarding Bitcoin miner ‘death spiral’ had been surfacing the crypto community as the halving was underway. However, the latest charts suggest otherwise as hash rate hits an all-time high. Miner’s Miles Away From ‘Death Spiral’ The first and the largest cryptocurrency, Bitcoin was programmed to undergo a process called the “halving” once, every
Quick TakeThere is currently $1.75 billion locked in 10 lending protocols, which represents a 244% YTD growthCompound has 40% of the total value locked, followed by Maker with 36%, Aave (11.0%), and InstaDApp (10.4%)There is about 3.3 million ETH, 2.95% of the total ETH in circulation, locked in lending protocolsThe share of non-ETH assets locked in lending protocols has been rising sharply in recent months
The U.S. Secret Service awarded a contract to Coinbase in May 2020 in exchange for a license to use the company’s analytics product according to public record. Coinbase Analytics Back...
Chainlink hits a fresh All-Time High as its smart contract-based blockchain platform extends its services in all the dimensions possible. In one such recent news about Chainlink’s integration for a smart way of interaction through SMS messaging with the help of the Conflux Network. Here, Chainlink will be a throughput for a messaging gateway using …
Coinspeaker Hong Kong Dollar Suddenly Appears Vulnerable, Threat from Trump Administration Looms OverRecent reports suggest that the Trump administration has been mulling to revoke the USD-HKG peg and reduce the supply of U.S. dollar to Hong Kong after China forcefully imposed a national security law in June.Hong Kong Dollar Suddenly Appears Vulnerable, Threat from Trump Administration Looms Over
World Blockchain Summit is geared up to gather the most influential voices in the global blockchain and crypto community this July. Singapore, 06 July 2020: Having hosted multiple high-level conferences across the world, World Blockchain Summit (WBS) has established itself as World’s biggest and most-elite Blockchain & Crypto Summit series. While it has proven itself …
Coinspeaker TSLA Stock Up 3% in Pre-market as Tesla Lowers Price for Its Model Y by $3000Tesla has reduced the price of its Model Y SUV by $3,000 after cutting prices of the Model 3, Model S and Model X up to $5,000 in May. Meanwhile, TSLA stock is 3% up in the pre-market.TSLA Stock Up 3% in Pre-market as Tesla Lowers Price for Its Model Y by $3000
Every day, cryptocurrency scams are growing in their numbers and Bitcoin appears to be top on the list, likely because of its popularity. In the first 6 months of 2020, $25 million have been lost to Bitcoin scams, and the numbers are expected to increase drastically. This booming market is awarded the perks of little […]
Coinspeaker WeWork Chairman Confirms Positive Cash Flow Is Due in 2021, Year Ahead of ScheduleWeWork has experienced a rather turbulent period but now it is expected that already in 2021 it will start getting profits.WeWork Chairman Confirms Positive Cash Flow Is Due in 2021, Year Ahead of Schedule
Coinspeaker Poloniex Launches Futures Exchange with Up to 100x LeverageThe new futures arm of Poloniex will offer support for Bitcoin perpetual swaps with USDT as collateral, with 100x leverage.Poloniex Launches Futures Exchange with Up to 100x Leverage
According to a recent report, Singapore has developed a blockchain-based payment network that will see the Monetary Authority of Singapore, Temasek, and JP Morgan working together.
Institutional capital flow into Bitcoin has decreased since its last attempt to break above $10,000. The “lack of interest” has led to a concerning drop in the Chicago Mercantile Exchange’s (CME) Open Interest Money Flow index, according to analysts at Phi Deltalytics. The last two plunges of a similar scale followed at least three months of bearish correction. Bitcoin is losing its institutional clients, according to a technical indicator that measures the money flowing into […]
The Ontology Network is proud to announce the listing of its native token ONT on Phemex, one of the fastest-growing crypto exchange platforms, which is the brainchild of more than eight ex-executives of the Morgan Stanley group. An official Twitter post was released by Ontology to broadcast the news about its latest achievement.
Chainlink (LINK) has been expanding its value in the last 7 days, but yesterday, the coin printed a massive 20% increase in value vs. the previous day’s price. Today, LINK breached past $8.53, a new all-time high, which means the coin has received an almost 40% increase in value in the last few days. The […]
There has been little action on BTC markets over the weekend but a major technical indicator has just flashed a buy signal indicating that there could be a bigger move ahead for the king of crypto.
Despite already legalizing cryptocurrency, the Malaysian Security Commission sounded a note of caution against the usage of Crypto Automatic Teller Machines (Crypto ATMs). With the digital asset becoming a mainstream currency, certain issues are catching the attention of the regulators like Initial Coin Offerings ICO’s, with many regulators warning against fraudulent ICO’s and the latest […]
Stellar lumen price started a strong increase above the $0.0880 and $0.0950 resistance levels against the US Dollar. XLM price traded to a new monthly high at $0.1008 and it is currently consolidating gains. There is a major breakout pattern forming with resistance near $0.0950 on the 4-hours chart (data feed via Kraken). The pair...
A group of crypto influencers is offering their take on Bitcoin’s future, as well as the future of the global macro economy. In a new episode of What Bitcoin Did podcast, Nic Carter, Tuur Demeester, Robert Breedlove and Alex Leishman agree that a widespread economic shift is brewing around the world, which will ultimately benefit […]
It appears as if most banks and other legacy financial institutions are at loggerheads with Bitcoin. However, Morgan Creek Digital Co-founder Jason Williams says major banks are quietly buying Bitcoin and don’t want the public to know about it. He adds that they are ensuring the price doesn’t go up by not speaking about the […]
Ripple price rallied above the $0.2000 resistance before correcting lower against the US dollar. The price is currently trading above the $0.1980 support and the 55 simple moving average (4-hours). There is a crucial breakout pattern forming with resistance near $0.2000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair...
The king of cryptocurrencies, bitcoin (BTC) has extended its consolidation phase at around the $9,200 region, following a critical rejection at $9.5K earlier this week. Both the bulls and the bears seem to have reached a deadlock, with neither party managing a strong move in either direction. The cryptocurrency is also nearing the lowest levels […]
Singapore authorities revealed that they have developed a blockchain-payment network that would enable faster and cheaper international settlements. According to the Reuters report, the blockchain project is ready for commercial rollout. The final phase of the blockchain-based payments project dubbed “Project Ubin” saw the Monetary Authority of Singapore team up with state investor Temasek and […]
Bitcoin expects to face turbulent times this week as its dependence on macro fundamentals grow. S&P 500 earnings and the next fiscal stimulus bill are among the most influential catalysts that could drive the cryptocurrency lower. Nevertheless, it may retain its yearly bullish bias based on technical factors. The new week poses a big test for Bitcoin investors who are flying blind since its “halving.” The cryptocurrency is treading flat inside a $300 trading range […]
A recently revealed blockchain platform called Release is aiming to revive the otherwise corruption-ridden agriculture and fishing industry through supply chain transparency and efficiency, an official press release announced on July 12. Social commerce, the social media-influenced subset of electronic commerce, has witnessed a considerable surge in popularity amid a rise in mobile technology demand. […]
Ripple continues to narrow down at $0.20 after multiple rejections at the descending trendline. XRP/USD poised for declines targeting $0.19 as observed with the deteriorating technical picture. Ripple (XRP) is slowly easing into consolidation after hitting a wall at $0.21 in last week’s impeccable trading. The weekend session was characterized by sideways trading not only
Volatility starts to make a comeback into the crypto market following a weekend session dominated by consolidation. BTC/USD bulls are focused on breaking the resistance at $9,300; a move that would pave the way for gains above $9,400. Bitcoin price has refused to budge and remains in consolidation in spite of a breakout above descending