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Bitcoin, Ethereum and Altcoins Lose Steam, Correct Lower
7.4.2021
Bitcoin price struggled to clear the USD 58,000 resistance zone. As a result, BTC reacted to the downside and traded below the USD 57,000 support. It is currently (12:00 PM UTC) showing signs of more losses and it could drop below USD 56,000.
Similarly, most major altcoins are declining. ETH...
Binance Boss CZ Only Has Eyes for Bitcoin and BNB
7.4.2021
Changpeng Zhao. Source: Instagram, Binance
Changpeng “CZ” Zhao, the head of Binance, one of the world’s biggest crypto exchanges, said that his crypto portfolio is made up entirely of bitcoin (BTC) and his own company’s binance coin (BNB).
In a Twitter post, Zhao wrote that while Binance “holds...
Bitcoin price slides 5% as second day of losses costs Ethereum $2K landmark
7.4.2021
A sea of red greets traders on Wednesday as blame shifts to leveraged long traders and the need to liquidate their positions
Ripple Wins Discovery: Judge Grants Access to SEC Internal Records on Bitcoin, Ether, XRP
7.4.2021
Ripple Labs has reportedly won discovery from the U.S. Securities and Exchange Commission (SEC). The court has ordered the commission to produce internal records relating to discussions of whether XRP tokens are similar to bitcoin and ether, which are currently not classified as securities. Ripple...
Coinbase would have earned $2B just buying Bitcoin with its seed money
7.4.2021
The largest cryptocurrency's 200% CAGR presents a serious challenge to even the most successful crypto business strategies
UK Bitcoin mining revenues soar but China hogs 75% of ‘blood coin’ production
7.4.2021
U.K.-based Argo Blockchain just did record revenues, but a new report suggests 75% of Bitcoin mining still takes place in China, where “blood coin” is made
Goldman Sachs CEO believes Bitcoin regulations are set for a 'big evolution'
7.4.2021
Goldman Sachs CEO David Soloman has forecast a big evolution in how the U.S. government regulates cryptocurrency
Hackers Target Github Server Infrastructure to Mine Cryptocurrencies
7.4.2021
Github services is under investigation after a series of reports on attacks against one of its infrastructures by running unauthorized crypto mining apps. Cybercriminals allegedly exploited some security flaws that could have been exploited to mine cryptos illicitly. Attacks Exploit ‘Github...
BTC Slips As Coinbase Sees 15% User Growth At Best, Focuses on Altcoins
7.4.2021
The price of the most popular cryptocurrency, bitcoin (BTC), corrected lower following the much-anticipated announcement of Coinbase's results.
At 05:02 UTC, BTC trades at USD 57,576 and is down by 2% in a day and a week.
The US-based major crypto exchange, that is preparing for a direct listing...
DEX Barter Smartplace Launch: A New Era of NFT Trade
7.4.2021
At Barter Smartplace, collectors can use barter exchange as the best way to build a collection. Trade coins for paintings, sculptures for digital art, a 1960s car for a collection of several gold coins, and many more exchange options are now available through barter. What Is Barter Smartplace?...
Bitcoin and Ethereum Stuck In Range While Altcoins Rally
7.4.2021
Bitcoin price failed to stay above USD 59,000 and corrected lower. BTC traded below the USD 58,500 and USD 58,000 support levels. It is currently (04:00 UTC) trading above USD 57,000 and it is seemingly preparing for the next major move.
Besides, most major altcoins are slowly gaining pace. ETH...
BitMEX's Arthur Hayes Surrendered and Released as Planned
7.4.2021
Arthur Hayes. As expected, former CEO of major crypto derivatives exchange BitMEX, Arthur Hayes, surrended in the US on April 6 and was released on USD 10m bond.
He appeared before a federal judge in Honolulu, per Bloomberg report.
As reported, per earlier agreement with law enforcement, Hayes...
North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report
7.4.2021
A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers...
Bitcoin-Pegged Token Crafted by Binance Swells, BTCB Now Commands $2.3 Billion Market Cap
7.4.2021
Over the last twelve months wrapped or synthetic bitcoin projects have swelled a great deal. The digital token called wrapped bitcoin, for example, has 141,503 WBTC in circulation today, but the token called the Bitcoin BEP 2 (BTCB) has gathered some steam. Currently, there are 39,719 BTCB out...
At Least 10 South Korean Crypto Exchanges’ ‘Survival Not Guaranteed’
7.4.2021
More South Korean crypto exchanges are almost certain to fold in the months ahead, regulators and industry insiders have claimed, with just five months left before some of the toughest policing measures in the world come into force.
Per Fn News, regulatory sources familiar with the matter claim...
NBA Team Sacramento Kings to Offer Players the Option of Getting Salary Paid in Bitcoin
7.4.2021
The Sacramento Kings, an American professional basketball team, will offer everyone in its organization the option of getting their salary paid in bitcoin. This includes all players, according to the NBA team’s chairman, Vivek Ranadivé. The Sacramento Kings to Offer Salaries in Bitcoin...
Nexo Sued for ‘Unlawful’ Liquidation of Clients’ Collateral XRP Amid SEC’s Ripple Lawsuit
6.4.2021
Crypto lending firm Nexo is facing a class-action lawsuit filed by an XRP investor for “unlawfully” suspending the use of the cryptocurrency as collateral without giving notice to clients and subsequently liquidating the tokens. This happened following the lawsuit filed by the U.S....
What Is Student Coin and Why It Already Raised Over $28 Million
6.4.2021
Student Coin is a platform that allows users to easily design, create, and manage personal, corporate, NFT, and DeFi tokens. The launchpad for the project already raised over $28 million and the sale is going to end on 30th of April, 2021. What Is Student Coin The Student Coin project is an example...
Lifestyle and Entertainment Company Playboy Plans to Launch NFTs With Nifty Gateway
6.4.2021
Playboy the American men’s lifestyle and entertainment magazine created by Hugh Hefner is joining the non-fungible token (NFT) craze. While the company used to mint Playboy collectible keys for fans to gain access to the mansion, Playboy now plans to offer collectibles in the cryptographic...
Collect Taxes More Effectively to Avoid ‘Debt Trap’ Chaos, Warns IMF
6.4.2021
The IMF’s Managing Director, Kristalina Georgieva. Source: A screenshot, Instagram/the_imf
Global financial chiefs have suggested that they may look to more aggressive tax collecting measures in advanced economies as a means to dig the world economy out of a “disturbing” impending coronavirus...