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Who Are the Bitcoin Whales and What Are They Good For?
11.5.2019
Source: iStock/Marie-Elizabeth Mali
Not much is known about the Bitcoin whales. Sure, we know they're holders of large quantities of Bitcoin, but beyond a few names most of us are in the dark as to who exactly they are and what functions they have within the BTC ecosystem.
As reported in May, there...
The Crypto Fun Side: Collection of 20 Memes and Jokes
11.5.2019
Although news of hacks are hardly fun, the crypto community is well-known for taking everything in stride and having a few jokes at their own expense. Even if the market somehow collapsed, you could bet you’d see loads of jokes about it, even from people who were painfully hit by it, as this...
What is This YoubiKey Device Binance CEO is Talking About?
11.5.2019
YoubiKeys. Source: Twitter/@Yubico
It was a crazy week for Binance: first, there was the 7,000 BTC hack, which was followed by heated debates about Bitcoin block reorganization, and finished with mutual public apologies.
Now, the major cryptocurrency exchange is working on new security measures....
New Altcoin Season: Is It Coming Anytime Soon?
10.5.2019
As Bitcoin dominance in the crypto market grows, another altcoin rally may be just around the corner, and tightly tied to the price movements of BTC, some industry players estimate. Although there are disagreements as to what that tie really looks like, some argue that it is only a matter of time...
New Stage of the Binance Hack Drama - Appologies for 'Dirty' Words
10.5.2019
First, the Binance hack happened, then, the idea of rolling back Bitcoin transactions prompted heated debates, and now, when everyone has cooled down, apologies have started to come in.
“Given how much I talk, I sometimes say the wrong stuff, dirty words like “reorg”, for which I apologize”, said...
US Congressman Wants to Outlaw Crypto, Cryptoverse Fires Back
10.5.2019
Brad Sherman. Source: Twitter/@BradSherman
US Congress Representative Brad Sherman once again making waves in the crypto world - he called for a bill yesterday which would “outlaw cryptocurrency purchases by Americans so that we nip this in the bud.”
In a just 1:11-minute-long clip circulating...
Bitcoin Cruising Higher: Ethereum, BCH, LTC Could Follow Soon
10.5.2019
There was a sharp upward move in bitcoin price above the USD 6,200 and USD 6,300 resistance levels. It seems like there is no stopping BTC bulls and the price could even clear the USD 6,400 resistance area. On the other hand, most altcoins struggled to follow bitcoin and remained confined in...
Bitfinex Makes Bold but ‘Unaudited’ USD 404 million Profit Claims
10.5.2019
Bitfinex operator iFinex has made some new financial claims in the white paper for its forthcoming initial exchange offering (IEO) – stating that its platform made a whopping USD 404 million in net profits last year (24% more than in 2017) and paid dividends while they are still struggling...
Traffic Violators – Japanese Police Are Coming for Your Crypto!
10.5.2019
Cryptocurrency owners in Japan, beware – pay your parking fines on time, or the police will take your tokens!
That appears to be the message after police in the Gifu Prefecture seized over USD 3,600 worth of cryptocurrencies from a man who had accrued years’ worth of late fees on parking violations...
Who Remains in the Unhacked Exchange Club After Binance Drama?
9.5.2019
In the light of the recent Binance's BTC 7,000 hack, the circle of established and unhacked cryptocurrency exchanges is shrinking. Although crypto exchange hacks are nothing new, the recent hack shows that even the most popular and seemingly trustworthy exchanges aren't immune to hackers. Despite...
French Giant SocGen Chose Ethereum for its Digital Token Experiment
9.5.2019
Major traditional financial companies are quietly experimenting with digital tokens. This time, it's French giant Societe Generale Group (SocGen.)
In April, Societe Generale SFH, a subsidiary of SocGen, sold EUR 100 million, or USD 112 million, of covered bonds (debt backed by mortgages) in...
Novogratz Challenges Roubini, Will Bitcoin Be ‘Loved’ or ‘Denounced’
9.5.2019
Nouriel Roubini. Source: a video screenshot, Bloomberg
There was an amusing challenge issued during a panel discussion at the SALT 2019 conference in Las Vegas yesterday, when Michael Novogratz, CEO of Galaxy Digital, a crypto-focused merchant bank, said to professor of economics at New York...
Bitcoin Rallies, Altcoins Trade Sideways
9.5.2019
After yesterday’s downside correction, bitcoin price found support near the USD 5,750 level. BTC restarted its upward move and broke the USD 5,850 and USD 5,920 resistances. The bulls took control, pushing the price above the USD 6,000 barrier. The price even broke USD 6,100 and traded to a...
Facebook Makes Cryptocurrency Ad U-Turn Amid Token Launch Speculation
9.5.2019
Social media giant Facebook says it will change its stance on ads for cryptocurrency and blockchain technology-powered solutions, less than a year and a half after it effectively closed the door to crypto ads.
Facebook’s unequivocal ban, imposed in January 2018, did not last long. In June 2018,...
Bitcoin Moves Above USD 6,000, For How Long? (UPDATED)
9.5.2019
After briefly spiking above the USD 6,000 level earlier in May, the most popular cryptocurrency, Bitcoin touched USD 6,100 on Thursday morning (UTC time). (Updated on 06:50 UTC: price information has been updated, a new comment (in bold) and other reactions have been added.)
At pixel time,...
Bitstamp Snatches Coinbase Insider as Operator Sale Looms
9.5.2019
Cryptocurrency exchange Bitstamp has appointed Hunter Merghart, Coinbase’s former chief of trading, as the new head of its American operations.
Hunter Merghart. Source: Twitter, @HunterBM
Merghart’s track record includes the development of Coinbase’s over-the-counter (OTC) trading operations,...