Mike Novogratz: Bitcoin is ready to grow again
Bitcoin bull Mike Novogratz thinks the cryptocurrency is poised for major growth. “You’re seeing now institutions moving in,” the founder and CEO of Galaxy Digital told CNN international correspondent Paula Newton on CNNMoney’s “Markets Now” on Wednesday. Novogratz pointed out that exchanges and big companies are starting to take the cryptocurrency more seriously. “Starbucks and […]
Chinese Middle Class is Diversifying Their Investments with Cryptocurrencies
Less than 10% of China’s new middle class is placing crypto eggs in their wealth management baskets, according to the 2018 White Paper on the New Middle Class. This is the first time that the annual report is including Bitcoin and other cryptocurrencies as an investment option. The paper—published by famed financial writer and university […]
Bitcoin Price Could Crash to $100
There’s something about a prolonged cryptocurrency market downturn that leaves bears jockeying to be the one to twist the final knife in bitcoin’s battle-scarred back. The latest jab comes from Marek Paciorkowski, a financial market analyst at Polish forex platform Aforti Exchange S.A. Speaking in an interview with Romanian financial publication Business Review, Paciorkowski speculated […]
Bitcoin Price Volatility Hits Lowest Level In Nearly 2 Years
A three-month long bitcoin price squeeze (BTC) could be nearing an end, with a key volatility indicator reaching its lowest level for 21 months. The leading cryptocurrency has charted lower price highs and lower price lows (pennant) since the end of June and the lack of strong direction bias has both bulls and the bears […]
Coinbase Has Announced a New Listing Process
Coinbase has revamped its policy for listing new cryptocurrencies, replacing an ad hoc process with one the startup hopes will rapidly expand the range of assets traded on its exchange. Announced Tuesday, the new system allows almost anyone to submit a cryptocurrency through an online form for evaluation under the company’s digital asset framework. Those […]
Ripple Tanks 15% as Crypto Market Deletes $13 Billion
˜XRP, the native currency of Ripple, has plunged by 15 percent as $13 billion was wiped out of the crypto market. Volume of Bitcoin has declined from $5.3 billion to $4.2 billion within a 24 hour period, while the volume of Ripple dropped by more than 60 percent from $2 billion to $800 million. Even […]
Japanese Financial Watchdog Launches Investigation Following $60 Million Exchange Hack
The Financial Services Agency (FSA) of Japan has launched an investigation after $60 million worth of cryptocurrencies were allegedly stolen from local crypto exchange Zaif. According to the report, the FSA has sent its staff to Tech Bureau — Zaif’s parent company based in Osaka — to verify whether the company will be able to […]
Bitcoin Core Upgrade ‘Critical’ for Everyone, Urge Developers in Bug Disclosure
Bitcoin Core developers published a “full disclosure” of the vulnerability affecting several implementations of the Bitcoin (BTC) client Friday, September 21, repeating calls for all nodes to upgrade to the latest version as a priority. In addition to technical details about the bug, known as CVE-2018-17144, the disclosure explains how developers dealt with the threat […]
Singapore Central Bank Refutes Fake Articles
Singapore’s de facto central bank issued two warnings over two fake news websites Tuesday, September 18, after articles were published with “fabricated comments” about crypto from Chairman and Deputy Prime Minister Tharman Shanmugaratnam. The sites, Gulf Weed Crab and Positive Bath Hour, which feature hoax news stories on seemingly random topics, had claimed Shanmugaratnam was […]
20% of Coinbase Trades are Made by the Cryptocurrency Exchange Itself
When trading on a cryptocurrency exchange, investors have little-to-no information about the person trading against them, that is, the person on the other side of their buy and sell orders. Subject to the geographic restrictions of the exchange, that could be someone who lives in your neighborhood, or it could be someone who lives on […]
Asian Demand High for Bitcoin Futures
Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. Wilson discussed his observations on cryptocurrency trading trends and his view on the future for the technology. Referencing […]
China’s Crackdown Insufficient to Enforce Crypto-ban
The debate on whether the central authorities can ever regulate the cryptocurrency industry intensates further with the launch of a Chinese crypto-startup. In a right-in-your-face stunt, InVault begins offering its cryptocurrency custody services last week in China despite the mainland ban. The Shanghai startup proposes to attract cryptocurrency exchanges as its primary clients, believing they […]
Your Crypto-Weary Soul
If bear markets terrify you, take some advice from an experienced economic researcher and editor at Forbes who bought Bitcoin for $14. Things are far more serious when you’re charged for Bitcoin’s price oscillations: You think you have been through hard times with crypto this year? Let me tell you a few stories. To set […]
What Is the Most Crypto-Friendly Travel Destination?
Backed with continuing adoption, crypto holidays have become a reality. At this point, flights and hotels all around the world can be booked with Bitcoin (BTC). Still, some cities are more ready to accept your BTC — and major altcoins — than others, depending on the local infrastructure and crypto-related policies. According to data from Coinmap, currently there […]
Grin Is Hard Forking Every Six Months to Keep ASICs Off the Network
The Grin community is trying to keep ASICs away – but only for the next two years. Best known for implementing MimbleWimble, which refactors and in turn, improves both the privacy and scalability of its blockchain, the developers of Grin recently released a technical roadmap that looks to keep the powerful mining hardware from being used on its […]
BTC/USD Upside Held Near $6500
Bitcoin on Saturday crossed above the $6,500-mark but lacked further upside momentum near the psychological resistance. The BTC/USD kickstarted the day forming higher lows towards 6475-fiat. The Asian trading session witnessed consolidated action within a narrow range defined by 6520-fiat to the upside and 6477-fiat to the downside. A breakout action appeared only during the […]
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 […]
UK Regulator’s Chief ‘Won’t Rule Out Roles’ for Cryptocurrencies
The chief executive of the United Kingdom’s primary financial regulator has called for a balanced approach in nurturing the benefits while narrowing out the risks of cryptocurrencies. In a speech during the regulator’s Annual Public Meeting on Tuesday, Financial Conduct Authority (FCA) chief Andrew Bailey outlined four specifically chosen operational risks that figure within the […]
