Bitcoin has been on a downtrend for the last three months $30k continues to be the support area to watch for Bitcoin on a macro level This level also coincides with the 0.618 Fibonacci Retracement Level of Bitcoin’s push from $9,400 to the recent all-time high of around $64,800 A failure of $30k could lead …
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FaZe Clan, a Los Angeles-based professional electronic sports (esports) organization, today announced that it has fired its member FaZe Kay as well as suspended three more players—Jarvis, Nikan, and Teeqo—who were involved in promoting cryptocurrency token Save the Kids (KIDS). “We have made the decision to remove Kay from FaZe Clan, and have suspended Jarvis, …
One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving “transaction transparency.” Bithumb Bans Employee Bitcoin Trading – Will Monitor for Individuals Who …
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Law enforcement officials in Ukraine have closed down a cryptocurrency mining farm that was minting digital coins using stolen electricity. The facility had more than 150 mining rigs that have been confiscated during a raid in Chernihiv region. Authorities in Ukraine Seize Over 150 ASICs From Crypto Mining Farm The Security Service of Ukraine (SBU) …
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A leading crypto analytics firm is assessing the state of Bitcoin (BTC) and Ethereum (ETH). According to Santiment, the amount of Ethereum held by crypto exchanges is now at its lowest level in more than two and a half years. ADVERTISEMENT “Ethereum holders continued to make history by lowering the percent of ETH held …
Crypto and blockchain enthusiasts take pride in belonging to a community that is working on the future of financial systems. Yet, the community is innately fragmented thanks to multiple blockchains working independently of each other. The dream of mass adoption of blockchain and decentralized finance faces a major hurdle: a lack of interoperability. Meanwhile, decentralized …
Continue reading “Trustless bridges may be the key to blockchain interoperability”
Bitcoin (BTC) has recorded its biggest mining difficulty drop of nearly 28% on July 3, but one model suggests that the BTC price will not bottom until October. In a series of tweets on July 2, investment manager Timothy Peterson flagged the relationship between Bitcoin price and hash rate as arguable evidence that the dip …
Ethereum investors have resumed their pattern of moving ETH out of crypto exchanges The percent of Ethereum held on exchanges has dropped below 18%, its lowest since November 2018 and a 31 month low Roughly 971,616 Ethereum has left crypto exchanges in the last 30 days Over 6 million Ethereum worth $13 Billion is now …
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An anonymous Bitcoin (BTC) developer, who goes by the pseudonym Cøbra has blocked access to the Bitcoin white paper and suspended downloading of the Bitcoin Core software for UK users on Bitcoin.org, “an informational site dedicated to help educate and facilitate the understanding of Bitcoin.” The restriction was ordered by London’s High Court, which ruled …
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Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force. The exchange would be among the first wave of exchanges implementing this automatic Travel Rule compliance system. Binance Implements Ciphertrace’s …
Bitcoin, the leading crypto asset in terms of market capitalization, has seen the cryptocurrency’s network hashrate drop considerably during the last two weeks. On Saturday, July 3, the network’s mining difficulty will see the largest epoch drop in history as the difficulty is set to slide by more than 27%. Bitcoin Difficulty Expected to Drop …
The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough look at Bitcoin” and that Salvadoran president Nayib Bukele …
The Central Bank of Russia (CBR) has set out to examine the risks associated with cryptocurrency investments. The regulator is going to conduct a dedicated study with the participation of major banks and payment processors operating in the Russian market. CBR Adds Crypto to Its Survey Program for 2021 Russia’s central bank, known as Bank …
Popular trader Credible Crypto thinks one large-cap altcoin that some are counting out could see new all-time highs in the coming months. The pseudonymous analyst tells his 222,000 Twitter followers that Litecoin (LTC) could capitalize on the final “legendary” leg of the current bull run. ADVERTISEMENT “Seeing a lot of people saying LTC had …
HodlX Guest Post Submit Your Post The debate surrounding the benefits and disadvantages of a cashless economy gained momentum over the past decade. Proponents of going cashless gained new supporters since the Covid-19 pandemic began – and cybercriminals are rejoicing. Online orders and contactless payments soared as lockdowns across the globe kept people at home. Cybercrime …
