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Bitcoin Below USD 7,000 Again, Altcoins Struggling to Recover
13.4.2020
In the past 3-4 days, there was an increase in selling pressure on bitcoin after it broke the USD 7,200 support area. BTC/USD traded below the USD 6,850 support and it could continue to move down towards the USD 6,550 and USD 6,200 support levels in the near term.
Similarly, almost all major...
China’s Research Institute Updates Crypto Ranking, Review Affected by Pandemic
13.4.2020
China’s Center for Information and Industry Development has published its latest crypto project rankings as the country continues to battle the coronavirus pandemic. A total of 37 crypto projects were evaluated and ranked overall this month as well as in three separate categories. Also read:...
Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder’s Indictment
13.4.2020
Manhattan prosecutors from the New York Southern District Court (NYSD) have unsealed indictment charges against Onecoin cofounder Sebastian Greenwood. The documents allege that Greenwood, alongside his accomplices Ruja Ignatova the ‘Crypto Queen’ and her brother Konstantin Ignatov...
80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany
12.4.2020
Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares...
Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout
12.4.2020
Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve...
Spain’s Lawmakers Plan to Provide Basic Income to Low-Income Residents
12.4.2020
Spain is preparing to provide universal basic income (UBI) to low-income individuals due to the wrath of the coronavirus, the country’s minister for economic affairs Nadia Calviño recently explained. There’s no set date yet for the UBI program, but Spain’s officials said they...
The Vacate Manifesto: How Today’s Technology Can Solidify Abolitionist Goals
12.4.2020
20 years ago the cypherpunks of the new internet era came up with vast ideas describing privacy, anonymity, and encryption. Some of them brought these ideas to practice. ***The following is a featured manifesto written in 2015 by Jamie Redman that first appeared on the website notbeinggoverned.com...
JPMorgan, Bank of America, Deutsche Bank Predict Major Recession
11.4.2020
Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global...
Free Market Think Tank FEE Now Accepts Bitcoin Cash Donations
11.4.2020
The oldest free market think tank in the United States, the Foundation for Economic Education (FEE) has announced the 501(c)3 educational foundation now accepts bitcoin cash (BCH) for donations. The libertarian organization promotes sound economic theory, publishes books and articles regularly...
Developer Launches Noncustodial Bitcoin Cash-Powered Authorization Platform
11.4.2020
Seven days ago, a crypto software developer announced a new web service called Signup.cash, which provides individuals and organizations with the ability to create web-based applications for Bitcoin Cash (BCH). The engineer and team members who developed the new platform for BCH stressed that...
Bitcoin’s Third Halving: Survey Shows 50% of Miners Expect a Price Increase
10.4.2020
The block reward halving for BTC is 32 days away and crypto businesses and mining operations are steadily preparing for the event. Today, Bitcoin’s hashrate is hovering just above 100 exahash per second (EH/s) and one year after the 2016 halving, the digital asset’s price and hashrate...
Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compliant ‘Hashpower Contract’
10.4.2020
During the first week of March, news.Bitcoin.com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York. The Greenidge plant operates 7,000 bitcoin miners and on April 8, the firm revealed the sale of...
Number of Bitcoin Whales Hits 2 Year High as Accumulation Accelerates
10.4.2020
The number of Bitcoin (BTC) whales with at least BTC 1,000 (USD 6.9 million) in their wallets has reached its highest point in more than 2 years, or almost 1,850 entities, according to a new research.
Also, the number of whales active in the market during an “accumulation phase” has not been this...
April Loves Bitcoin, But Watch for Capitulations and COVID-19 - Kraken
10.4.2020
While April has historically been the second-best performing month for bitcoin (BTC), investors should watch for the possible miner and/or holdler capitulation and how the world is dealing with the COVID-19 pandemic-triggered economic crisis, according to analysts at major crypto exchange...
Bitcoin Evolution: Wanna Make $1 Million in 2 Months Like Prince Harry and Meghan Markle? It’s a Scam
10.4.2020
A bitcoin investment scheme has reportedly claimed that Prince Harry and Meghan Markle are making millions using a “wealth loophole” and have urged everyone to check out Bitcoin Evolution. However, this is a sales tactic by a known scam, claiming that some members earned their first...
Bitcoin Drops Below USD 7,000, Altcoins Follow
10.4.2020
After multiple failures to clear the USD 7,400 resistance area, bitcoin price reacted to the downside. BTC/USD broke the USD 7,250 and USD 7,120 support levels to move into a short term bearish zone. BTC is down more than 5% (08:30 UTC) and it could continue to move down.
Similarly, most major...
The Bitcoin Fund Completes IPO, Now Trading on Canada’s Leading Stock Exchange
10.4.2020
The Bitcoin Fund, managed by 3iq, has completed an initial public offering and has begun trading on the Toronto Stock Exchange (TSX). It has been a long road for 3iq and The Bitcoin Fund since their filing was first rejected. After a hearing, a commissioner with the Ontario Securities Commission...
Craigs Wright’s Lawyers Slam Court Order Based on 'Personal Attacks'
10.4.2020
Craig Wright’s lawyers have made a very colourful objection to a magistrate’s order that he hand over a cache of documents
Bitcoin.com Games Invites You to Celebrate Easter With a 3-in-1 Promotion
10.4.2020
In what seems to be one of the most springtastic events of the year, Bitcoin Games has decided to celebrate this Easter with a new 3-in-1 promotion, Happy Easter, where users can play and win egg-static prizes. As spring and Easter mark a season of renewal, the latest amusement from Bitcoin Games...
Hundreds of Darknet Listings Are Selling Masks and PPE Products for Bitcoin
9.4.2020
According to a recent research report written by the blockchain surveillance firm Elliptic, there’s been a massive influx of darknet market (DNM) vendors selling personal protective equipment (PPE) like masks and coronavirus test kits. The spike in medical equipment sales on the invisible...