Updated: 100 Million Tether [USDT] were earlier moved to an unknown wallet and another 400 Million USDT is reported to be minted from Tether treasury. The movement of 100 Million USDT was followed by a decent pump in Bitcoin price, reaching a local high of $39,833 at the time of reporting. Is it just a
It has become painfully obvious for thousands of cryptocurrency traders today that centralized exchanges control their assets and can shut off access at their whim. A couple of hours ago one of the largest crypto asset exchanges in the world suspended withdrawals rendering thousands of people with no access to their funds. Withdrawals of digital
Apple often receives criticism for its stringent App Store guidelines that the company puts into place to insulate its users with the best experience. Developers of applications have to adhere to high standards and requirements or else see their submissions rejected. A similar approach is being proposed by the developers of the Kava blockchain to
Bitcoin saw a contraction in September of 2020, declining nearly 9%, as the dollar gained ground. The dollar benefited from risk aversion and profit-taking in riskier assets, despite a decline in US treasury yields. The technicals in bitcoin versus the greenback, reflect consolidation, but as investors begin to accumulate positions, there is a possibility that
Since its inception over a decade ago, cryptocurrencies like bitcoin have experienced quite a bit of a bumpy ride. The value of the first crypto, bitcoin, has gone from $0.06 in 2010 to just above $10,000 per bitcoin (BTC) in 2020. The exponential growth has evolved into the birth of other cryptocurrencies such as Ethereum
Whether it’s digital identity, voting, real estate, government, energy, healthcare or financial services, blockchain technology offers tremendous potential. And that potential, promised for so long by blockchain proponents, is starting to be realized. As an example, Dutch startup Circularise, a decentralized information storage and communication platform, has just received €1.5 million ($1.8m) of funding via
Almost a third of Brits are embracing the lockdown as a chance to improve themselves with new skills, training and qualifications, according to research by investment platform eToro. A quarter are studying with the aim of boosting their current or future career opportunities, while others are using the extra time at home to explore ways
If the coronavirus first appeared to be purely a health crisis, the last few weeks have demonstrated that it’s anything but. The global stock market has plummeted, and many sectors currently deemed non-essential are facing mass closures, wreaking havoc across industries including travel, hospitality, and retail. The crypto markets haven’t escaped unscathed either, reflecting the
Over the past three or four days there has been wild talk in cryptocurrency regulation as India, France and South Korea all witnessed pro-crypto regulations set in place. The three countries are part of the five top countries making waves in blockchain and crypto regulation in 2020 so far. 5. Panama One of the favorite
As the Ethereum Classic community celebrates its first anniversary since the unfortunate 51% attack, there is a feeling around the market that the 250% spike since Dec. 23 is just the beginning for the “Original Ethereum”. After a considerable while away from the mainstream crypto media, Ethereum Classic (ETC) – the original Ethereum – is
In light of the recent comments of Coinbase CEO, Brian Armstrong, on the promise privacy coins’ shows in 2020, including Monero (XMR) and ZCash (ZEC), we look at the challenges that face the world of privacy coins and why global adoption is still a long way off from happening. Before starting on why mainstream adoption
As we celebrate a quite successful 2019 in the crypto industry and enter the new year with new hope, hacks and scams across the industry remain a problem we have to face in 2020. Centralized exchanges and custodial wallets were the most targeted institutions across 2019 with investors losing over $500 million in the process.
Japan is one of the world leaders in blockchain development and blockchain communities as aspiring projects crop up every day in the supposed “Satoshi’s country of origin”. Japan became one of the first countries (if not the first) to regulate cryptocurrency activities including exchanges, institutions and funds giving businesses a definite framework to work with.
As 2019 comes to an end after a bumpy ride through the year, we compile some of the top stories that caught the crypto community attention. Here are my top three picks of the stories that shaped the cryptocurrency world. 1. Announcement of Libra At the height of the 2019 bull momentum in June, which
The United States national debt has now crossed $23 Trillion. Furthermore, debt per the United States citizen sums up to $69, 724. In a way, central banks are paving way for the smooth transition of Bitcoin into traditional finance. While traditional finance enjoys the trust of the major US population, Bitcoin is here to stay.
The global outlook on cryptocurrency is fast-changing and subsequently giving rise to a large number of crypto custody solutions. The services are aimed at institutional investors and firms who seek to secure their crypto assets. Interestingly, the European sub-continent has established a firm ground when it comes to providing crypto-custody solutions. Increasing Demand for Crypto
Jared Tate, Founder of Digibyte had recently alleged that Binance Team asked for an exorbitant amount of funds to list Digibyte on Binance. Here is the entire story behind the whole debacle which ensued. DGB Community Members Accused Of Being Chinese Spies The Binance Digibyte controversy started with DigiByte refusing to pay Binance’s listing fee.
Political and Economic Factors have time and again affected Bitcoin’s Price and the demand for cryptocurrencies, the latest one being no-deal Brexit. While the exact effects continue to be debated and delved upon, let us have a look at some of the politico-economic events influencing the demand of cryptocurrencies and Bitcoin price. No Deal Brexit