The Bitmain civil war continues. Ousted co-founder of the the company, Micree Zhan has responded to the event with an open letter to the employees, sharing that he will return to the company soon and restore “normal order in the company”. Micree Zhan is Embarrassed The Bitmain drama came to light in the last week
China’s National People Congress has passed the “crypto law”. The news was shared by Dovey Wan, founding partner of Primitive Crypto. Cryptographic Law to Come in Effect Starting January 2020 The 14th meeting of the Standing Committee of the 13th National People’s Congress was held on the 26th and the committee voted to pass the
“Hell no,” says Twitter Founder Jack Dorsey on joining the Libra Association. He also added that Libra is not a cryptocurrency. In a recent interview with Buzzfeed, the Founder of Twitter and Square Inc. noted that Facebook was “completely incorrect” to label Libra as cryptocurrency. Joseph Lubin, the co-founder of Ethereum, also criticized Mark Zuckerberg
In a recent update, leading exchange Binance announced support for staking. However, the initiative received flack from the crypto community and has also been accused of going against the spirit of decentralization. Are Users in For Maximum Benefits? Binance CEO, Changpeng Zhao (CZ) recently via a tweet announced support for staking. Some of the coins which
There have been several speculations around the price of Ethereum lately. Several analysts have said that the top altcoin has lost its long-term potential. Among them is the Bitcoin supporter Max Keiser who believes that Ethereum will go down to $90. However, a well known Chinese crypto influencer has recently expressed her bullish stance on
Reportedly, the Chinese state-backed cryptocurrency project is due to for launch “in the coming months.” However, in a quick response on to the news on Forbes, a Chinese source confirm otherwise. According to a former employee of Bank of China, and now an independent researcher, Paul Schulte, China will initiate the cryptocurrency plans with seven
An AWS malfunction has affected several Asian exchanges causing massive price instability and other operational issues on the platforms. Bitcoin trade orders got executed at $10 on an Asian exchange while some cryptocurrencies including BAT, EOS and ETH were selling at thousand-fold premiums. Binance, KuCoin Affected The problem was first highlighted by Binance CEO, Changpeng
The recent revelation on the movement of Bitcoin from PlusToken’s account has received confirmation from the blockchain analysis of Bitcoin. Pickshield inc., a blockchain security company that also provides research on existing projects reported that more than 5000 BTC was moved from associated PlusTokens account. Dovey Wan Brings Attention to PlusToken Accounts on Twitter Dovey
The narrative of the correlation of Bitcoin’s growth to the rising tension between the US and China has been flourishing. Moreover, the assumption that the Chinese are increasing the buying pressure is also significant. However, Dovey Wan, a crypto-analyst, who shared her insights on this rhetoric, has countered this opinion. According to Wan, “the actual amount
Reportedly, Chinese investors in EtherDelta have been accused of “a major scam.’ EtherDelta was a crypto trading platform founded by Zachary Coburn in July 2016. The platforms allow the trading of Ethereum and ERC-20 tokens. Notably, the launch of the exchange happened during the period when ICOs and ERC-20 tokens were creating a lot of hysteria.
Bitcoin [BTC] is closed the week at $10,600, which acted as a positive indicator for traders. The price briefly broke towards $10,300, however, it closed at 10,600. This was essential as the death-cross that seems on the 4-hour chart is yet to yield. Moreover, if it doesn’t, Bitcoin could move higher in a continued bullish
Bitcoin was just recognized as a legal ‘virtual property’ in China. At the hearing of the first property infringement case in China’s Hangzhou Internet Court, Bitcoin was recognized as “virtual property.” According to the court’s order, Bitcoin holds the attributes as property – valuable, scarce and disposable. We should recognize it as a virtual property.
The President of the United States spoke about Bitcoin [BTC] and cryptocurrencies for the first time via a twitter thread. While any trader would anticipate a big move in Bitcoin, his unbiased views hardly caused any change in Bitcoin price. Furthermore, it has turned the belief of a Bitcoin supported stronger than ever. Asiff Hirji,
Bitcoin dropped 30% following a pullback after reaching the yearly high near $13800. The Pullback in price was stretched till $9600 and instantly reversed its direction to trade above $10500, it later also broke the $11,000 mark. The price of Bitcoin at 4: 00 hours UTC on 3rd July 2019 is 11,364. It is trading
The crypto-community and even its critics or gold buffs are both looking up to the epic battle between American Economist, Nouriel Roubini and BitMEX CEO, Arthur Hayes. The Asia Blockchain Summit at Taipei is hosting the event. Nouriel is a professor at the NYU and has strongly advocated against Bitcoin and cryptocurrency since 2013. As
The criticism and the negative response that Facebook is receiving over its’ cryptocurrency announcement is considerable. Nevertheless, a spokesperson for Facebook told the media that it “is something that we expected and welcome.” The regulators and finance watchdogs all over the world are strongly refuting the project at the moment, leading with the US Government’s hearing
Bitcoin broke above the iconic $10,000 level and has steeply moved towards $11000. The price of Bitcoin [BTC] at 3: 30 hours UTC on 22nd June 2019 is $10,779. Another 5% rise will drive the market capitalization above $200 billion. Gold broke 5-years high as traded above $1400, gaining 4.54% on a weekly scale. Bitcoin
Facebook made its cryptocurrency announcement on 18th June 2019. In less than 24 hours, Governments around the world asked for a review or a temporary suspension of the project. The Social Media Giant has been called upon to clear the concerns that regulatory watchdogs have. Moreover, the cryptocurrency has created news all around the world.
The cryptocurrency markets have seen a lot of changes since the inception of Bitcoin in 2008. Initially, duplicates of Bitcoin were created, then an era of smart contract platforms unleashed a whole new space for Initial Coin Offering. Numerous offerings were issued during late 2016 and 2017, which was part of the reason for the
Bitcoin whale transactions are a common occurrence in the space, mostly with Exchanges managing their wallets. Nevertheless, when a single block on the ledger conducts a $4 billion transaction, it will inevitably pop some eyes. Also Read: Whales Holding Large Amounts of Bitcoin are Responsible for Bull Market On 11th June, Bitcoin Black Bot reported about