The self-proclaimed Satoshi Nakamoto and Bitcoin SV proponent, Craig Wright, has won a legal battle claiming copyright infringement on the part of bitcoin.org for hosting the Bitcoin whitepaper. Wright won by default after the website’s pseudonymous owner, “Cøbra,” chose not to mount a defense. Bitcoin.org must now remove the whitepaper and display a notice referring …
Continue reading “Craig Wright wins default judgment, Bitcoin.org must remove Bitcoin Whitepaper”
Ethereum investment products have experienced a record outflow of $50 million this past week, signaling bearish sentiment among institutional investors. According to the CoinShares’ “Digital Asset Fund Flows Weekly” report, Ether products have now experienced outflows for three consecutive weeks, with $64.3 million leaving the sector since the week ending June 6. Despite the drawdowns, …
Continue reading “Institutions turn bearish on ETH as record $50M exits Ether investment products”
Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting the platform lost $5 million in a hack. Last week, Cointelegraph reported that AfriCrypt — an asset manager purporting to offer daily returns of up to 10% that …
Binance’s U.K. customers are currently unable t use the popular local payments provider, Faster Payments, to withdraw British pounds (GBP) from the exchange. On Monday, June 28, a notice on the Binance website declared that GBP withdrawals via Faster Payments had been “suspended for maintenance,” according to the Financial Times. Faster Payments is a payment …
Continue reading “Binance suspends popular fiat ramp for U.K. customers amid regulatory crackdown”
Bitcoin (BTC) Fluctuates in a Price Range as Bitcoin Poises for Uptrend– June 28, 2021 For the past 48 hours,BTC/USD – Daily Chart Buy Bitcoin Now Since June 23, BTC’s price has been struggling and retesting the $35,000 resistance zone to break above it. On June 23, buyers were repelled as the crypto fell to …
A Paraguay official changed course on what was an unprecedented development in crypto circles: That of the Latin American country legalizing Bitcoin as legal tender on the back of a similar move in nearby El Salvador. But the sentiment has now proven short-lived as Carlos Rejala, a Paraguayan congressman rectified the statement in an interview …
Continue reading “No, Paraguay is NOT legalizing Bitcoin, Congressman confirms”
Developer Ross Nichol is publicizing plans to reform the fee policy on controversial meme token Dogecoin. With Dogecoin’s monumental rise in value this year, network fees have also risen. In turn, this has led to an unnecessary dis-incentivization of on-chain transactions. To counter this problem, devs are looking at fee policy changes which will see …
Continue reading “Dogecoin (DOGE) developer proposes 50x reduction in fees, wins Elon Musk approval”
Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. Risk of …
JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market …
A fee change proposal for Dogecoin has been submitted and Tesla CEO Elon Musk says that it is “important to support” it. “This document proposes a new fee structure and policy for Dogecoin Core, to be gradually deployed to the network over multiple software releases,” said the Dogecoin developer who submitted the proposal. Elon Musk …
Continue reading “Elon Musk Says ‘Important to Support’ Dogecoin Fee Change Proposal”
The host of the “Mad Money” show, Jim Cramer, has bought ether after dumping almost all of his bitcoin. “I like ethereum because people actually use it much more to be able to buy things,” he said, emphasizing that “It’s more of a currency.” Jim Cramer Prefers Ethereum to Bitcoin Jim Cramer was asked about …
Ark Investment Management has become the latest firm to file for a Bitcoin exchange-traded fund (ETF). According to a June 28 filing with the United States Securities and Exchange Commission (SEC) submitted in partnership with European exchange-traded product issuer, 21Shares, the ETF would be listed on the Chicago Board Options Exchange’s (CBOE) BZX Exchange and …
Continue reading “Cathie Wood’s Ark Invest teams up with 21Shares to file for Bitcoin ETF”
One small-cap crypto newcomer is defying the widespread downturn that’s hammered Bitcoin and the altcoin markets at large. The global payments infrastructure platform Celo (CELO) has soared more than 50% in the past week, as larger assets like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and Cardano (ADA) remain in the red on their weekly …
Although bulls made a show of force in the morning trading hours, Bitcoin (BTC) price is still pinned under the $35,000 resistance and unable to flip the 20-day moving average to support or secure a daily close above the level. Data from Cointelegraph Markets Pro and TradingView since rallying to $35,400 on June 28, Bitcoin …
Continue reading “Bears back off, but Bitcoin price still wavers below $35K”
Elon Musk, the at-times controversial SpaceX founder and stop-and-go crypto supporter, voiced his support late Sunday for a set of major updates to the Dogecoin (DOGE) blockchain. The changes would drastically redesign the cryptocurrency’s software architecture and alter its token economics. The popular “joke crypto” appears to be gearing up to become a serious utility coin …
Continue reading “Elon Musk tweets his support over proposed Dogecoin changes”
