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Bitcoin Price Tumbles Below USD 6.7K, Major Altcoins Bleed More

25.11.2019
After trading sideways during the weekend, the most popular cryptocurrency, bitcoin (BTC) took another hit in the early hours on Monday (UTC time), dropping below USD 6,700. At pixel time (05:23 UTC), trades at c. USD 6,682. It's down by 7% in the past 24 hous and by 22% in the past week...

Cardano's Charles Hoskinson: USD 4bn Stellar Burn Was ‘Insanity’

22.11.2019
Charles Hoskinson. Source: a video screenshot, Youtube, Real Vision Finance Cardano (ADA) chief Charles Hoskinson has hit out at the Stellar Development Foundation (SDF)’s recent decision to burn 55 billion XLM tokens – worth some USD 4 billion at the time. Hoskinson stated that the move...

South Korea to Make Government-led USD 383m Blockchain R&D Drive

22.11.2019
The South Korean government will stump up USD 383 million worth of funding for Seoul-led blockchain research incentives over the next six years. Per a report from ZDNet Korea, the country’s Ministry of Science and ICT plans to utilize the funds to develop original blockchain technology, with...

Watch Thieves Stealing USD 4K from Bitcoin ATM; Leaving USD 50K Behind

21.11.2019
Source: a video screenshot, Youtube, Castanet News Two men walk into a grocery shop and commit a Bitcoin (BTC) ATM robbery. No, not a joke, but actual news, and – in a twist of irony – an unfavorable example of crypto / blockchain adoption. Apparently, BTC ATM’s have become commonplace enough...

Bitcoin Cash Prices Enjoy Short-lived Recovery on USD 200m Fund News

21.11.2019
Roger Ver. Bitcoin Cash was briefly the only token in the green among the top 10 cryptocurrencies by market capitalization today – likely boosted by news of the launch of a new USD 200 million fund. The token’s chief proponent, Roger Ver, announced yesterday that Bitcoin.com would be launching what...

Bitcoin Mining Equipment Giant Canaan Fails to Raise USD 100 Million

21.11.2019
The second largest producer of Bitcoin mining equipment, China-based Canaan, has finally completed its initial public offering (IPO) after the third attempt, raising less than estimated. While many have estimated that the company will raise USD 100 million at a USD 1.6 billion market...

Several Hundred XRP Accounts Linked to "Dirty" USD 400 Million

20.11.2019
About USD 400 million worth of Ripple (XRP) has been found to be tied to illicit activity and several hundred XRP accounts are responsible for this, according to Elliptic, a London-based blockchain analytics startup. "We began researching XRP more than a year ago and have already identified several...

Bitcoin May Dip Below USD 7K Before Post-Halving Rally - Tone Vays

18.11.2019
There will be a bull run, but not next year, says crypto analyst Tone Vays. And before we get on that road, Bitcoin (BTC) may drop below USD 7,000 before the mining reward halving, he adds. “At the moment, I still see lower prices,” said Vays in a recent interview with Block TV. “I still think...

Cashaa Launches USD Bank Accounts for Cryptocurrency Business Firms

16.11.2019
Serving as one of the best banking platforms for fiat as well as digital currencies, Cashaa has announced that it will soon support U.S dollar bank accounts designed specifically for cryptocurrency-based businesses. The Bitcoin banking giant has clarified that the facility will be provided to...

The Road to USD 25K is 'Easy': Double Bitcoin Users, says Tom Lee

15.11.2019
To hit USD 25,000 per bitcoin (BTC), we need to find a way to double the current number of active BTC users, according to co-founder and the Head of Research at Fundstrat Global Advisors, Tom Lee. In an interview with CNBC today, Lee argued that BTC will hit USD 25,000 by 2022, which is the number...

BitOrb Exchange Raises $6.4 Million

14.11.2019
The BitOrb Exchange has successfully secured its funding round, raising a total of USD 6.4m. The round was led by the W-Rex Algo Trading Platform a product of the Wota Group.Additionally, the Wota Group will act as a strategic partner and help the BitOrb Exchange grow its network of traders, user...

Chinese Crypto Heavyweights Canaan, OneConnect Aim for USD 100m IPOs

14.11.2019
Two Chinese blockchain, crypto heavyweights are targeting the American market – with both filing applications to launch USD 100 million initial public offerings (IPOs) with regulators. Per a filing lodged with the United States Securities and Exchanges Commission (SEC), crypto mining equipment...

This Transparent Trader Among the Best on BitMEX, Handles USD 1B Daily

13.11.2019
Source: iStock/da-kuk Alameda Research, a quantitative trading firm and parent company of cryptocurrency derivatives exchange FTX, finds that anonymity can be sacrificed for a marketing opportunity. The firm decided to have its trading performance posted on BitMEX exchange's leader board under...

8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap

12.11.2019
Source: iStock/st_lux A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term. The Seoul court ruled...

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