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K-pop and Charity Kingpin Denies Crypto Scam Reports


A K-pop impresario who also heads a UN-affiliated charity has denied accusations linking him to a cryptocurrency fraud campaign that allegedly saw him target some of the biggest stars in South Korea’s entertainment. Lee Wook is head of the W Foundation, a charity aligned with the UN’s climate...

Bitcoin And Altcoins Flirt With Key Supports Amid Sell-off


After struggling to surpass the USD 7,200 resistance, bitcoin price started a downside correction. BTC/USD broke the USD 7,000 support and it is currently struggling to stay above USD 6,850. Any further losses may perhaps push the price towards the key USD 6,550 support zone. Similarly, there was...

Lendf.Me Attacker Screws Up, Returns All the Stolen Funds


The person(s) that attacked Lendf.Me, the lending protocol in the "decentralized finance protocol" dForce network - actually returned the money they had stolen, allegedly because they broke the number one rule in hacking: don't reveal your identity. As reported yesterday, Lendf.Me...

Mining Difficulty Might Reach All-Time High Before Bitcoin Halving


Bitcoin (BTC) mining difficulty just saw its biggest rise in six months and it's estimated it'll reach an all-time high in two weeks. Bitcoin mining difficulty, a measure showing how hard it is to compete for mining rewards, just went through another adjustment, and the numbers were close to what...

Crypto Listing and Delisting Announcements: Week 16


Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know...

Beijing District to Use Blockchain-powered ID Solution + More News


Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news Beijing’s Haidian District says it will use a blockchain-powered ID solution that will allow authorities to process...

Crypto Market Sentiment Ends Its Winning Streak; Bitcoin Back to Neutral


The market sentiment cut its string of gradual, week-per-week growth. After four weeks of minor upward movements, and last week's break into the 5-6 score level with a sentscore of 5.27, this Monday the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins dropped...

Is This 1999 Forum Message from a Young Satoshi Nakamoto?


Have internet users uncovered the young Satoshi Nakamoto – developing the concepts he would later immortalize forever in the Bitcoin (BTC) white paper? The white paper was published in October 2008, but internet users appear to have recently unearthed a post on the Cypherpunks cryptography forum...

Bitcoin Mining Difficulty Set For Biggest Jump Since Mid-September


After a historic crash in March and partial recovery, Bitcoin (BTC) mining difficulty is set to see its biggest jump since mid-September last year, threatening to push more miners out of the market less than three weeks before the BTC mining reward halving. Another mining difficulty adjustment...

Ethereum, Tezos Start New Week as Top Weekly Performers


The two major smart contract platforms Ethereum (ETH) and Tezos (XTZ) are both seeing a strong performance of their native tokens, each rising by almost 20% over the past 7 days before correcting some of their gains on Monday. In what has been a stellar week for ETH, the second most valuable...

'Huge Blow' to DeFi as Hackers Exploit Known Vulnerability


The DeFi (decentralized finance) industry just suffered another blow that reminds us that DeFi is still very much uncharted territory. What makes it worse is that the vulnerability used has reportedly been known. A blockchain security company PeckShield offered a detailed look into the attacks...

Liquid CAD: Canadian Dollar Payments on the Liquid Sidechain


Disclaimer: The text below is a press release that was not written by Cryptonews.com. PEER-TO-PEER PREPAID PAYMENTS BY BULL BITCOIN Liquid CAD is a non-custodial prepaid payment system denominated in Canadian dollars. Units of Liquid CAD (L-CAD) consist of vouchers issued on the Liquid Network...

Bitcoin And Altcoins Remain in a Positive Zone


This past week, there was a steady increase in bitcoin price above the USD 6,850 resistance area. BTC/USD even surpassed the USD 7,000 level, but it struggled to accelerate above the USD 7,200 resistance area. It is currently (08:30 UTC) consolidating gains and likely preparing for a fresh increase...

Chinese Central Bank Makes it Official: Digital Fiat Tests to Begin


The Chinese central bank, the People’s Bank of China (PBoC), has officially confirmed a number of digital currency testing reports – and has indicated that testing will soon begin in the country’s capital, Beijing. The PBoC has also rushed to insist that a digital yuan rollout will not spark...

The Benefits of Crypto


Disclaimer: The text below is a sponsored article that was not written by Cryptonews.com journalists. What is crypto? I know that most of you have already heard about crypto but there are still some people who have some blind spots about this topic. Cryptocurrency can be used online for goods...

Hopes and Strategies In Play As Miners Prepare For Bitcoin Halving


The Bitcoin (BTC) halving is fast approaching, and already miners are swooping into action. Some are phasing out older mining hardware, while others are preparing to take equipment offline if the bitcoin price falls below certain thresholds after the halving. But while the halving will obviously...

Why BCH and BSV Halving Data Is a Poor Indicator for Bitcoin Forecasts


Johnson Xu is the Chief Analyst at TokenInsight, a token data and rating agency. _____ We are moving ever closer to Bitcoin (BTC)’s third halving, while the coronavirus pandemic continues to disrupt the global economy, creating a ripple effect across the global financial market. The forthcoming...

How Ethereum Could Help The Global Economy Recover From A Recession


Ethereum (ETH) has a role to play in the recovery from a coronavirus recession. While the global economy is still waiting for the worst effects of mass lockdowns, layoffs, and losses, Ethereum and its ecosystem of financial platforms are waiting in the wings to make the eventual recovery easier....

Predicted Market Crash, Foretold Market Explosion, and 20 Crypto Jokes


The Cryptoverse brought us quite a few interesting stories this week. Lower USD interest rates, combined with the inflation and crypto volatility could bring greater demand for stablecoins and cryptocurrencies, and while Silk Road founder predicts that there will soon be another market crash before...

A Bright Side to the Dark Web


The dark web typically conjures up thoughts of criminal activity. While there are undoubtedly unsavory characters leveraging the darknet for illegal pursuits, there are also virtuous uses of the “hidden internet.” As reported, per data from blockchain analytics provider Chainalysis, over USD...

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