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Ponzi Accused of USD 2B Heist & BTC Crash, Analysts Disagree


In the past couple of days, the Cryptoverse was filled with discussions about an alleged Chinese ponzi scheme selling bitcoin and causing a crash, but according to cryptocurrency analyst group TokenAnalyst, that may not be the reason. Dovey Wan, a founding partner of California-based investment...

Argentina’s Peso Collapse Shows Governments Shouldn’t Control Money


Whenever bitcoin experiences a sharp drop or volatility, mainstream media analysts jump to declare that cryptocurrency isn’t stable enough to be considered money. The double-digit crash of the Argentine peso in one day, simply due to an election in the country, can be said to prove the same...

Investors to Get Bitcoin Refunds from Poloniex for May Flash Crash


Poloniex has announced that it will be covering the losses incurred by investors during the flash crash that took place in May. The trading fees will be credited to lenders who lost big funds in the May market slump that involved the dubious digital currency ClAMS.  As per the official blog post...

Poloniex Begins Bitcoin Refunds to Investors Impacted by CLAM Crash


In their attempt to repay the lenders impacted by the market crash back in May, the U.S.-based cryptocurrency exchange Poloniex said it will soon start crediting trading fees to lenders. Just two months ago, the exchange, owned by major crypto company Circle, faced a backlash from the community...

The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn


“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those...

Deutsche Bank Collapse Could Crash Global Financial Markets


German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of...

Crypto Markets See Double-Digit Crash, Bitcoin Dips Below USD 10,000


Source: iStock/hocus-focus After a short term recovery last week, when bitcoin price reached USD 13,000 again, it dropped over the weekend dipping even below the psychologically important level of USD 10,000 for c. 10 minutes on Monday morning (UTC time). Only a few coins from the top 100 are...

Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes


On Wednesday, June 26, the price of BTC came close to reaching $14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when...

Crypto Volatility Jumps as Market Crash Coincides with Coinbase Outage


Bitcoin (BTC) once again showed its volatility that coincided with an outage that lasted just under an hour at exchange platform Coinbase . (Updated on 13:21 UTC: updates throughout the entire text.) BTC had been soaring at prices of over USD 13,800 on June 26 when an outage of Coinbase’s website...

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