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Bitcoin Primed for More Gains Whereas Altcoins Bleed


After yesterday’s rise, bitcoin price extended gains above the USD 12,500 and USD 12,800 resistance levels. BTC/USD even broke the USD 13,000 resistance and traded close to the USD 13,150 level. On the other hand, most major altcoins, including ethereum, ripple, bitcoin cash, EOS, litecoin,...

Singapore Builds Global Crypto Hub, Says Head of Binance Singapore


Recent steps by Singaporean authorities prove their plan to make this island city-state “a global hub for both cryptocurrency trading and blockchain innovation,” David Kao, Head of Binance Singapore, told Cryptonews.com, as the third trading platform of major crypto exchange Binance publicly...

Bitcoin Dominance Climbs Almost 20% in a Month, Price Hits USD 13,000


Bitcoin dominance surpassed 65% today, or the level last seen in April 2017, as the price of the most popular cryptocurrency hit USD 13,000 for the third time this year. At pixel time (06:17 UTC), bitcoin trades at c. USD 12,993 and is up by 2% in the past 24 hours, by 14% in the past week and...

Facebook Defends Libra in the U.S. Senate, Has No Plans for India


Social media giant Facebook is working to ease concerns by lawmakers in Washington, D.C. about its new cryptocurrency project Libra, co-launched with 27 partners. Also, the company confirmed it has no plans for India for now. In a letter to the Committee on Banking, Housing, and Urban Affairs...

Electronics Giant LG and Unicorn Might Launch Crypto Businesses


East Asia’s cryptocurrency scene could soon welcome two new big-hitting players – in the form of South Korean mobile finance provider Toss and electronics giant LG. Per a report from Newsway, Toss is one of three mobile finance companies hoping to win approval for securities trading from the South...

IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users


A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts...

Kakao's Klaytn Sacrifices Decentralization to Beat Ethereum on Speed


There seems to be a blockchain marketing battle happening as South Korean giant Kakao claims that its recently launched permissioned blockchain platform Klaytn is up to 15 times faster than Ethereum, which is a permissionless blockhain. Moreover, the South Korean platform announced today a batch...

Good News Failed to Cushion CELR and BTT Price Drop


Despite some expected but still positive news coming the way of Celer Network (CELR) and BitTorrent (BTT), the prices of both tokens continue to drop. Celer Network announced the launch alpha-mainnet, Cygnus in yesterday’s Twitter post. In their Medium post, Celer Network explains that this...

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