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Gold/USD Analysis: Gold Proves to be NO Exception as it Records Over 5% Dip


Just when we thought that Gold is the safest haven amidst the market crash that’s happening due to Coronavirus, the former extended its dip and has recorded almost 2% loss after the previous day’s weakened session. Interpreting the global crises to end up with funding and liquidity problems,...

Bakkt Raises USD 300M from Microsoft's M12 and PayU Among Others


Bakkt, a physically-settled Bitcoin futures trading platform, has completed a multi-million-dollar fundraising round, bringing the total raised capital to USD 482.5 million. Bakkt has closed a Series B fundraising round, raising USD 300 million, with participation from investors, including some...

Bitfinex Onboards Fulgur Alpha, USD 280M Crypto Hedge Fund


In an attempt to increase liquidity for institutional crypto investors, major crypto exchange Bitfinex, a sister company of stablecoin issuer Tether (USDT), has announced that it has onboarded a multi-million-dollar crypto hedge fund called Fulgur Alpha. The exchange says in the press release that...

Bitcoin Drops Below USD 5,000, Altcoins Start Fresh Decrease


This week started with a fresh increase in selling pressure on bitcoin below the USD 5,500 resistance area. BTC/USD broke a couple of key supports near the USD 5,200 and USD 5,000 levels to enter a bearish zone. It seems like there are chances of more losses below USD 4,800 and...

Friday 13 Strikes: Crypto Exchange Employee Makes USD 82,000 Fee Gaffe


Friday 13 proved to be an unlucky day for a South Korean cryptocurrency exchange, and for one staff member in particular – with an employee error at Coinone leading to the platform apparently frittering away some USD 82,000 worth of ethereum (ETH) in fees on a transaction worth a fraction of...

Panic Attack: Bitcoin Crashes to USD 6,000, Altcoins Bleed More


The downturn in the crypto market just accelerated. As of press time on Thursday (10:50 UTC), bitcoin traded at USD 6,000, down more than 15% over the past 24 hours. The move occurred amidst erratic trading in digital assets, with price reaching as low as the USD 5,500 level before recovering. The...

Chinese Blockchain Pilot Processes USD 56m Worth of Int’l Trade


A blockchain-powered trade finance platform developed by China’s foreign exchange regulator has already processed cross-border payments worth USD 56.36 million and completed export financing totaling USD 460 million as part of a year-long pilot in selected areas of the country. Chongqing...

Indian Rupees Breaks All-time Low Against USD, Crosses INR 73 to a Dollar


The Indian Rupees is currently at the lowest value against the US Dollar as the USD soared up to INR 73.77 on Wednesday. The value has been crashing continuously for the past couple of weeks, and India’s position doesn’t seem to be improving anytime soon. This is a worrying situation for...

USD Coin and Tether Issuers Expand Their Services + 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. Stablecoins news Major crypto financial services firm behind the USD Coin (USDC) stablecoin, Circle, has released a new set...

Bitcoin Back Above USD 8k, Analysts Say Virus Fears Did Impact Price


Source: iStock/da-kuk While crypto may be an uncorrelated asset class, one analytics firm says that the virus fears had an “undeniable effect” on cryptocurrency prices, following the massive sell-off in both stocks and crypto on Monday. However, on Tuesday, markets turned green as bitcoin (BTC)...

IOTA Co-founder to Repay Hack Victims USD 2M as Network Prepares to Reopen


David Sønstebø, the Co-founder of IOTA, stated that he will personally repay the victims of the recent attack on the network and that the mainnet will be back up tomorrow, March 10. Following the alleged messages shared on IOTA Discord a few days ago, Sønstebø has confirmed to Cointelegraph that...

It’s Too Early to Revise USD 20K per Bitcoin Prediction - BitPay CCO


Source: iStock/Bychykhin_Olexandr Following warnings in January that “unforeseen incidents” may occur and potentially affect bitcoin (BTC) price, the Chief Commercial Officer (CCO) of major crypto payment processor BitPay, Sonny Singh, now says that the Coronavirus could be such an incident....

Bitcoin Returns Above USD 9,000, Tezos Leads the Rally


The most popular cryptocurrency, bitcoin (BTC) has returned above the USD 9,000 mark on Thursday, while tezos (XTZ), the 10th most valuable cryptoasset by market capitalization, is again seeing double-digit gains today following an improvement in overall sentiment in the broader crypto market. At...

The USD 500bn Card Didn't Help Ripple, XRP 'Stays in the Crosshairs'


U.S. District Judge wasn't persuaded by the argument that the continuance of the case against Ripple, an American blockchain company focusing on payments technologies, would mean turning the broader USD 500 billion XRP market on its head, and the case continues. As reported in January, Ripple...

Justin Sun Sees Bitcoin at USD 100K by 2025, Holds 'A Lot' of ETH and XRP


Justin Sun. Source: a video screenshot, Youtube, Praxis Media Group Bitcoin (BTC) and most altcoins are in for a bull run in the next five years, said Justin Sun, founder of Tron (TRX), also sharing that he has quite a diversified portfolio. As a guest on CNN, talking with Julia Chatterley,...

Hedge Fund Increases Mt. Gox Creditor Offer to USD 1,300 per Bitcoin


The New York-based hedge fund Fortress Investment Group has upped its offer as it looks to buy up creditor claims from Mt. Gox, the cryptocurrency exchange that monumentally collapsed in 2014, leaving thousands of bitcoin (BTC)-holding customers out of pocket. Per Bloomberg, the hedge fund has made...

Japanese Food Firm Execs Took Wild USD 2.7m Shitcoin Gamble – Police


Police believe that the senior management of Japanese food retailer Kefir took a desperate gamble on the cryptocurrencies market in an eleventh-hour bid to save the company from bankruptcy in 2018 – allegedly sinking millions of investors’ dollars into a so-called shitcoin. Nine executives at...

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