Bitcoin (BTC) and most major altcoins sold off along with global equity markets and crude oil on Nov. 26. The markets were roiled on news of a new coronavirus variant detected in South Africa that is worrying scientists due to its large number of mutations in the spike protein. The sharp fall has resulted in …
Continue reading “Price analysis 11/26: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB”
Scammers are using compromised YouTube accounts to steal millions of dollars in crypto from unsuspecting viewers, according to a new report. The cybersecurity firm Tenable says digital thieves are employing a savvy blend of fake celebrity endorsements and trending cryptocurrencies to reap illicit gains through fake giveaway events. Analyst Satnam Narang says the scammers are …
The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighboring countries announced similar initiatives. According to a Friday Bloomberg report, Bank of Tanzania Governor Florens Luoga said on Thursday that Tanzania was planning to follow Nigeria’s example in rolling out its own CBDC. …
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DappRadar, a popular platform that provides analytics and portfolio tracking for the decentralized application (DApp) and nonfungible token (NFT) markets, has announced an upcoming company restructuring to a decentralized business model, in addition to releasing a native governance token, RADAR. Founded in 2018, the site currently boasts over 4 million global users, 600,000 of which …
Continue reading “DappRadar pivots business model to DApp store with native token”
There is no denying the fact that the crypto market has grown from strength to strength over the course of 2021, as is best highlighted by the total capitalization of the industry recently hitting the $3-trillion mark, albeit for a relatively brief period of time. That said, stablecoins, a class of cryptos that have their …
Continue reading “Stablecoin issuers poised to be banks of the future on road to adoption”
In a report aimed at assessing threats to Cloud users, Google’s Cybersecurity Action Team said that some attackers are exploiting “poorly configured” accounts to mine cryptocurrency. On Wednesday, the Google team said out of 50 analyzed incidents that compromised the Google Cloud Protocol, 86% were related to crypto mining. The hackers used the compromised Cloud …
Cryptocurrency analyst and trader Michaël van de Poppe is warning traders against buying Decentraland (MANA), The Sandbox (SAND) and Elrond (EGLD) at their current prices. Van de Poppe tells his 148,000 YouTube subscribers that following the “epic runs” of these three altcoins, it’s time for investors to take profits in Decentraland, a virtual-world blockchain; Elrond, …
Ethan Lou is a journalist turned Bitcoin miner turned two-time author whose latest book, Once a Bitcoin Miner: Scandal and Turmoil in the Cryptocurrency Wild West, is a modern western recount a gloomy millennial’s rebirth in the wild west of crypto — complete with scammers, party drugs and a North Korean crypto conference. “Want to …
Continue reading “Acid, Bitcoin mining and a bad trip to North Korea”
Bitcoin (BTC) stemmed some of its losses as Wall Street opened on Nov. 26 after concern over a new COVID-19 variant spark a global market sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Pfizer gains as coronavirus panic sets in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ending its downturn at just above $53,500 …
At least one out of four cryptocurrency investors in Japan had an experience of holding nonfungible tokens (NFTs), according to a new survey. Major Japanese crypto exchange BitBank conducted an online survey diving into the NFT investment trends in the Japanese cryptocurrency market. Releasing the survey results on Nov. 25, BitBank said that it polled …
Continue reading “26% of crypto investors in Japan tried out NFTs: Survey”
Basic Attention Token (BAT) rallied to a new record high on Nov. 26 even as global markets plunged in tandem on fears about a highly mutated variant of Covid19 detected in South Africa. BAT’s price surged over 30% on Friday to reach $1.88 for the first time in history, with its market capitalization rising to $2.74 …
The Taproot update will reduce Bitcoin fees, improve privacy, and allow for more complex crypto applications. Bitcoin’s long-anticipated “Taproot” upgrade has arrived, as developers and miners activated the relevant code on Sunday, Nov. 14 at 5:15 UTC. Taproot Adds Several New Features Taproot adds several powerful features to Bitcoin. Most notably, it allows developers to …
Continue reading “Bitcoin’s Taproot Upgrade Arrived Alongside an All-Time High”
A popular crypto analyst is detailing a set of new predictions for two large-cap crypto assets. The trader, pseudonymously known as Smart Contracter, tells his 184,000 Twitter followers that Binance Coin (BNB) will likely hit a new all-time high (ATH) well before Bitcoin (BTC) surges above its current record high of $69,044. “BNB [is] going …
Bank of England governor Andrew Bailey has expressed concerns over El Salvador’s adoption of Bitcoin (BTC) as legal tender after President Nayib Bukele announced the launch of Bitcoin City. Bailey argued that El Salvador’s decision to adopt Bitcoin as a currency was alarming because consumers are likely to suffer from the cryptocurrency’s extreme volatility. Trading …
Continue reading “Bitcoin too volatile to be adopted as legal tender, says BoE chief”
Bitcoin (BTC) may be down 20% from all-time highs, but this is a golden opportunity to “buy the dip,” analysts argue. Black Friday is living up to its name in crypto this year as both Bitcoin and many altcoins are trading at their lowest in six weeks. Misgivings over $53,000 floor After an overnight sell-off …
Continue reading “Bitcoin offers ‘Black Friday deal’ with sub-$55K BTC price — Just like 2020”
