Bitcoin Price Looks North After Passing $6.4K Resistance
Bitcoin (BTC) is teasing a decent bullish move, having cleared crucial resistance a few hours ago. The leading cryptocurrency moved past $6,400 earlier today, signaling that bearish exhaustion – as indicated by Tuesday’s spinning bottom candle – is paving way for a corrective rally. Notably, the positive price action was preceded by a solid defense […]
The $20 Million Bitcoin Miner Being Hailed as a Bitmain Rival
After CoinDesk revealed the China-based crypto mining giant was planning an initial public offering (IPO) for September, the company has faced a wave of perhaps unprecedented scrutiny. On social media, allegations emerged Bitmain was everything from insolvent to presenting a rosy outlook for its financials, all the while investors linked to the funding effort backed […]
SEC Suspends Trading in Bitcoin and Ethereum Exchange-Traded Product
The regulator pointed to “a lack of current, consistent and accurate information” in the two crypto investment vehicles issued by Swedish firm XBT Provider AB following their entry into the US market last month. The U.S. Securities and Exchange Commission (SEC) on Sunday issued an order to halt the trading in Bitcoin Tracker One (CXBTF) […]
India Crypto Exchanges: Supreme Court Hearing to be Inconsequential
While expectations and fears are mounting on an imminent Supreme Court decision about the regulator’s ban concerning cryptocurrency trade in India, the big day may not exactly be a defining one for the future of bitcoin in the country. Other questions and bypass-routes will snowball (or hairball) no matter which way the ruling swings. Crypto […]
Bitcoin Price Stabilizes at $6,400
From August 8 to August 26, for more than three weeks, Bitcoin had been relatively stable in the $6,500 to $7,000 region, demonstrating small volatility. However, from August 27 to early September, as Bitcoin started to see some major movements on the upside, the cryptocurrency market began to demonstrate extreme volatility. As seen on September […]
Why Bitcoin Dropped by Over 10%
Over the past two days, the valuation of the cryptocurrency market has plunged to $201 billion as Bitcoin lost 13 percent, moving closer to its yearly low at $192 billion. Since Sept. 6 when the price of Bitcoin dropped by more than 10 percent within a one-hour period, the cryptocurrency market has been on a […]
New York Man Pleads Guilty to $1.8 Million Ether Robbery
A New York man has pleaded guilty to kidnapping and robbery charges in connection with the theft of $1.8 million worth of ether. Manhattan District Attorney Cyrus Vance said in a statement published on Wednesday that Louis Meza, who was accused of kidnapping an unnamed individual in New York last year and stealing their ether […]
Bitcoin to Hit $20k in 2018
Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $20,000. In an interview with CNBC, Lee stated that over the past year, Bitcoin, which has failed to show a correlation with the broader financial market […]
Bitcoin’s Next Big Software Upgrade
Bitcoin may be hard to use even with consumer-friendly tools, while running its core infrastructure is even harder. However, this isn’t stopping efforts to change that. The global, volunteer developer group behind the most popular implementation of the software, Bitcoin Core, is soon to debut its 17th major software release, one which puts to code […]
Apple Abruptly Orders Coinbase Wallet to Remove Crypto Collectible
It seems iPhone users won’t have access to the crypto collectible craze anytime soon. The news comes after forthcoming video game War Riders was featured on the Coinbase Wallet iOS app and then quickly withdrawn. In War Riders, players drive around an apocalyptic wasteland, building up armies of vehicles – vehicles represented by non-fungible tokens, or NFTs, on […]
Venezuela Shatters Bitcoin Trading
Trading between Bitcoin and the Venezuelan Bolivar (VES) has beaten all records to pass 500 million for the first time last week. Data from Coin Dance, which tracks volumes on P2P platform Localbitcoins, confirms that the seven days ending August 25 saw BTC/VES achieve volumes never seen before. The results come the same week Venezuela […]
Crypto Exchange Giant Huobi Gains Controlling Interest in Public Firm
Crypto exchange giant Huobi has completed the purchase of majority shares of Hong Kong-based investment holding company, Patronics Holdings Limited (PHL). The development will see Huobi take over interest in an aggregate of 215,576,000 Shares, representing approximately 71.67% of the issued Shares as at the date of completing the transaction. Earlier this month, by the […]
NetCents Crypto Credit Card to Help Increase Mainstream Adoption
NetCents cryptocurrency credit card will be accepted at 40 million merchant locations globally in an effort to directly compete with Visa and Mastercard. The company will also integrate its loyalty programme with its crypto credit cards to encourage and reward users for spending digital currencies. NetCents Technology, a Canada-based payments processing company, has unveiled its […]
It’s Getting Harder to Pump Up Prices in Cryptocurrency Markets
It’s getting hard to pump amid the dump in the $209 billion cryptocurrency market,Bloomberg reports August 24. At least that appears to be the case when you look at Tether, one of the most-traded digital assets and also one that’s allegedly been used to manipulate the price of Bitcoin. Over half a billion dollars of Tether […]
Ernst & Young Have Acquired Cryptocurrency Software
Ernst & Young has acquired a software developed by a Silicon Valley-based startup called Elevated Consciousness in order to manage investments executed in cryptocurrencies. The software in question is called Crypto-Asset Accounting and Tax (CAAT). It was bought by Ernst & Young’s Americas Tax Innovation Foundry with the intention to facilitate their clients in investing […]
The Number Of Crypto Users In Ireland Has Grown 300% Over 4 Years
The Irish people seem to have developed quite a taste for cryptocurrencies. According to a report released by Red Flag and Amarach Research, roughly 120,000 Irish citizens are already crypto owners. That’s a far cry from the measly figure of 4 years ago when very few people even had an idea what cryptocurrencies stand for. […]
GPU Manufacturing Giant Nvidia Leaves Crypto Mining
Media accounts are leaning toward blaming a supposed lack of interest in cryptocurrency as the reason US chip behemoth Nvidia has backed out of the mining industry. It was only a little over a year ago the company hoped to make an impact in the space. Whether it’s the industry losing steam or the simple […]
Drug Dealer Busted for Smuggling LSD from the Dark Web with Bitcoin
Indian police in the south Indian city of Chennai (formerly Madras) have busted a drug dealer who allegedly procured synthetic drugs from the dark web before smuggling them into the country. During the bust, police seized LSD and ecstasy from 32-year-old Nikhil Tiwari who authorities believe is part of a wider network that acquires drugs […]
