Search
Bitcoin and Altcoins Continue To Fail Near Major Range Highs
29.9.2020
Bitpanda Secures USD 52m For Its Expansion In Europe
29.9.2020
Competition in the European crypto exchange market is about to become more heated as Austria-based digital investment platform Bitpanda said it secured a USD 52m investment to support its expansion in the old continent.
The company said it closed "Europe’s largest Series A funding round...
Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand
29.9.2020
Ebang International Holdings Inc., the Chinese maker of bitcoin mining hardware, reported a net loss of $6.96 million during the first six months of this year, down from $19.07 million a year ago, as demand fell due to the coronavirus pandemic. Revenue plunged 51% to $11.04 million from $22.35...
Bitcoin’s Big Believers: 6-Digits ‘Inevitable,’ BTC Has a Better Chance of Going to $100K Than Zero
29.9.2020
For a number of years now bitcoiners have predicted that the price of bitcoin will surpass its all-time high from 2017 and many believe it will rise to the $100k or six-digit price range. This week bitcoin enthusiasts discussed the possibility of the crypto asset reaching $100k at great length....
It Pays to Play the Long Game in Crypto – and Here’s the Proof
29.9.2020
A ground-breaking report on the crypto industry has uncovered evidence that suggests firms that hang on for the long haul are more likely to turn a profit.
These were the findings of a report by the Cambridge Centre for Alternative Finance, authored by Blandin et al, which surveyed some 500 crypto...
Token Projects to Recover $130M from the Kucoin Hack, Devs Condemned for Centralization
29.9.2020
The cryptocurrency community has been discussing the Kucoin hack as a great number of ERC20 projects have frozen, paused, or reversed their smart contracts after the hack. Estimates say that at least $129 million ERC20 tokens affected are considered “safe” from the hacker’s...
Mark Cuban Wants an Expiration Date on Stimulus Checks: Critics Says Proposal Is Right out of a Banana Republic Playbook
28.9.2020
U.S. billionaire Mark Cuban wants the next stimulus check to come with an expiration date in order to force Americans to spend the funds. The businessman believes this “use it or lose it” approach would benefit the U.S. economy as it promotes spending instead of saving. Cuban argues...
Bitcoin News Roundup for Sept. 28, 2020
28.9.2020
With bitcoin's record-breaking run above $10,000 and Twitter talking blockchain strategy, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
‘Fishing’ The Buffett Way: Fund Eyes BitPay, Kraken Shares, Buys Discounted Bitcoin
28.9.2020
Warren Buffett. A US-based blockchain and cryptoasset-focused investment fund has reportedly returned 93% this year by “fishing where no one else is fishing,” compared with an industry average of 57%.
The Off The Chain Capital LLC fund specializes in buying crypto-related assets “at fire-sale...
Crypto Market Sentiment Slips Within Neutral Zone, Bitcoin Alone on Top
28.9.2020
The combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization has dropped below 5, to the current 4.98/10, as shown by crypto market sentiment analysis service Omenics. Last week it stood at 5.22 following a minor rise.
Seven coins have...
OpenBazaar Temporarily Saved From Becoming ClosedBazaar
28.9.2020
The Haven app. Source: a video screenshot, OB1
The decentralized marketplace OpenBazaar has reportedly been saved from having to shut down after an anonymous donor has agreed to cover the costs of operating the platform until “at least the end of the year.”
The marketplace, which allows users...
Bitcoin Struggles Near USD 11,000, Altcoins Showing Positive Signs
28.9.2020
Bitcoin price moved into a positive zone after it settled above the USD 10,550 inflection zone. BTC even broke the USD 10,800 resistance level and it is currently (08:30 UTC) struggling to clear the key USD 11,000 resistance zone. A clear break above USD 11,000 could start a fresh rally towards...
Defi Token Exposed as Pump and Dump Scam in Leaked Telegram Chat
28.9.2020
A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless...
Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days
28.9.2020
During the last seven days, Grayscale Investments purchased 17,100 BTC or $182 million worth of bitcoin using today’s exchange rates. The company’s bitcoin position is now close to 450,000 BTC worth roughly $4.7 billion. The Grayscale Bitcoin Trust (GBTC) is a very popular investment...
Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold
27.9.2020
Galaxy Digital CEO Michael Novogratz explains why it is a dangerous time to be in the stock market right now, leading up to the U.S. presidential election. While bearish on the dollar, Novogratz is bullish on bitcoin and gold but thinks that bitcoin has more upside than gold. Dangerous Time to...
$2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to Americans
27.9.2020
A new stimulus package costing about $2.4 trillion is being prepared in the U.S. that includes a second round of stimulus checks for Americans. Since the first coronavirus stimulus package was signed into law, talks of further relief aid have stalled. This new proposal aims to restart the stimulus...
Kucoin Hacker Leverages Uniswap to Dump Vast Number of ERC20 Tokens
27.9.2020
Since the recent Kucoin hack, the crypto community has been waiting for the hacker to move funds. During the early morning hours (ET) on Sunday, a number of people noticed the Kucoin hacker started to move a large amount of ether and ERC20s to connect with the decentralized exchange (dex) Uniswap....
Crypto-Fueled Market Openbazaar to Close Shop Unless OB1 Raises Community Funding
27.9.2020
On September 25, the creators of the decentralized marketplace, Openbazaar, announced that unless the project can gather community funding, the supporting services like seed nodes and the API wallet will shut down. The firm behind the project, OB1 is also removing the Haven app from the iOS...
Cryptojacking: A Rising Threat to All Internet Users
27.9.2020
The cryptocurrency revolution steadily marches on. While it has yet to completely reshape the financial and other systems of everyday life, crypto acquisition and usage grow yearly. There is so much to love about cryptocurrency. From its decentralized and democratic nature to the higher levels...
Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On
27.9.2020
The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply...