Search
Another Blow To Bitcoin Miners Comes This Sunday
27.11.2020
Bitcoin (BTC) mining difficulty is expected to rise again in two days, the most since September, cutting into the profit margins of BTC miners right after a strong market correction this week.
Major mining pool BTC.com estimates that the mining difficulty, which is the measure that shows how hard...
OECD Says It Is Working on Crypto Tax Reporting Standards for 2021
27.11.2020
The Organisation for Economic Co-operation and Development (OECD) looks set to adopt an international set of standards that will change the way crypto taxes are reported – and the body is ready to apply the same kind of tax standards as it uses to police conventional finance in its efforts to...
Cryptocurrency and Safety Money, Bitcoin Vault Breaks Stereotypes
27.11.2020
Cryptocurrency theft has boomed over the past couple of years and this is no hoax. Over USD 1.40 billion was stolen in the first five months of 2020. If thefts continue to rise at this rate, 2020 may well become the second-costliest year in the history of crypto – lagging slightly behind last...
$100 Million Liquidated on Defi Protocol Compound Following Oracle Exploit
27.11.2020
Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin. An apparent error or malicious attack to the Dai-dollar-peg data...
Bitcoin and Altcoins Recovery Facing Hurdles
27.11.2020
Bitcoin price extended its decline below the USD 17,500 and USD 17,000 levels. BTC even traded below USD 16,500 before the bulls took a stand near USD 16,250. The price is currently (05:00 UTC) trading above USD 17,000, but it is facing many hurdles near USD 17,350 and USD 17,500.
Similarly, there...
Renowned Finance Youtuber Andrei Jikh Invests Over $100K Into Cryptocurrencies
27.11.2020
The popular Youtuber Andrei Jikh published a video this week to his 978,000 Youtube subscribers explaining that he invested over $100,000 into crypto assets. Jikh details why he spent the funds on digital assets and he plans to share his investment experience in another video. Andrei Jikh is...
Venezuelan Retailing Heavyweight Starts Accepting Bitcoin, Altcoins
27.11.2020
Rattan Plaza. Source: A screenshot, Instagram/rattanplaza
Rattan, a popular shopping outlet in Venezuela, has become the latest retailer in the country to announce it will start accepting payments in bitcoin (BTC) and a number of altcoins.
Per a tweet from media outlet Criptolugares that...
Spending Sats: A Look at This Year’s Bitcoin Black Friday Deals
26.11.2020
Every year the shopping holiday called Black Friday allows consumers to get better deals on products and services. On November 24, the day also known as ‘Bitcoin Black Friday’ will provide crypto users access to deals when they purchase items with digital assets like bitcoin. Due to...
Ideaology’s IEO Ushers the Launch of Blockchain Platform for Innovators
26.11.2020
PRESS RELEASE. DUBAI, UAE – Ideaology is proud to announce its IDEA token pre-sale on December 1, 2020. The pre-sale event is an initial exchange offering (IEO) on P2PB2B exchange. Users will have a chance to purchase IDEA tokens with a 22% discount before the IDEA token public sale....
Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin
26.11.2020
Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect...
Russia To Give More Rights To Crypto Owners + More News
26.11.2020
Russian prime minister Mikhail Mishustin. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Russian Prime Minister Mikhail Mishustin said that the country will recognize digital...
Oxford and Cambridge Universities to Face off in Crypto Trading Duel
26.11.2020
The rivalry between students from the UK’s universities of Oxford and Cambridge is about to take on a crypto bent.
Their history of (usually friendly) antagonism dates back centuries, perhaps as far as to 1209 when, per Cambridge records, a group of Oxford scholars fled from hostile townsfolk...
Market Update: Crypto Prices Drop Fast, Bitcoin Loses $2K, Correction Considered Healthy
26.11.2020
The price of bitcoin and a great number of digital assets plunged in value during the early morning trading sessions on November 26, 2020. Bitcoin’s price dropped from a high of $19,319 on Wednesday evening only to lose over $2,000 during the course of the morning hours (EST) on Thursday...
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate
26.11.2020
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed...
The Bitcoin Playbook: Double-Digit Rally -> Double-Digit Selloff -> Pump Again
26.11.2020
After a double-digit rally, a double-digit selloff in the crypto market followed today - with altcoins taking the strongest hit, as is usual in this already tested crypto market playbook.
So, the news this morning is that everything is per usual - nothing new under the crypto sun. As we have seen...
Reddit Users Fume at Details of PayPal Crypto ‘Lockout’ Case
26.11.2020
A Reddit user has claimed they have been “permanently banned” from the PayPal platform “due to cryptocurrency buy/sells being treated as ‘item sales.’”
Per a thread created by the Redditor, the PayPal customer claimed that they wanted others to be aware of what they called an “ignorance-fueled...
Coinbase CEO Warns of 'Rushed' Wallet Regulation, Bitcoin Drops Below USD 17K
26.11.2020
Brian Armstrong. The CEO of US-based major crypto exchange Coinbase, Brian Armstrong, caused quite a stir in the Cryptoverse when he warned that the outgoing Trump Administration is still not done with crypto regulation, possibly dealing it a massive blow as they exit the White House. Some...
South Korea’s Banking Giant to Co-create ‘Crypto Bank’ for Exchanges
26.11.2020
South Korean banks are rapidly stepping up their crypto game, with Kookmin (KB), one of the biggest commercial banks in the country, co-creating a “digital asset management company” with a number of the nation’s leading blockchain players that will safeguard the bitcoin (BTC) holdings of corporate...
ZK International Subsidiary xSigma Introduces New Defi Project
26.11.2020
PRESS RELEASE. xSigma Corporation, a wholly owned subsidiary of ZK International Group (NASDAQ:ZKIN), was launched in 2018 as a blockchain research and development lab to solve real-world infrastructure challenges. After two years of intensive research into smart contracts and other...
Bitcoin Slides Below USD 18,000, Altcoins Take Stronger Hit
26.11.2020
Bitcoin price failed to clear the USD 19,500 zone and started a sharp decline. BTC broke many supports near USD 19,000 and USD 18,800 to move into a bearish zone. The price declined over 5% and it is currently (05:00 UTC) trading below USD 18,000.
Moreover, there was a sharp decline in most major...