Bittrex to carefully review the facts of a 24M STEEM transaction from an unknown Steem account, co-founder Richie Lai says. Soon after an unknown entity “rescued” $5.7 million worth of STEEM tokens from a “New Steem” hard fork seizure, Bittrex confirmed that the funds reached their account. The crypto exchange now faces a difficult decision […]
Continue ReadingIn a world without electricity and the Internet, Bitcoin would find alternatives to flourish, argues Andreas Antonopoulos. What if the world was hit with another major disaster, but this time, it included global electrical failure? Would Bitcoin (BTC) survive, would it thrive, what about the banks? — We have the answers. Bitcoin consumes massive amounts […]
Continue ReadingMillions more Americans posted unemployment status last week, but does that mean anything for Bitcoin? More than two million Americans requested unemployment compensation for the first time last week, which may or may not affect Bitcoin. Recording its seventh consecutive week of decline, last week hosted 2.44 million new unemployment claims, CNBC said in a […]
Continue ReadingAlbania passes new comprehensive law written by the Minister of Finance and Economy to regulate crypto activities. Albania’s Parliament signed a bill into law on May 21 plenary session a legal framework for cryptocurrencies. The law, “On Financial Markets Based on the Technology of Distributed Ledgers,” first appeared before the Committee of Economy in October […]
Continue ReadingExchange and cryptocurrency price aggregator CoinMarketCap is introducing new measures to combat fake volumes as part of a continuous iterative approach. CoinMarketCap has announced a new, iterative approach to provide credible exchange rankings following extensive community feedback and criticism. As part of an announcement made on May 13, the cryptocurrency price aggregator is set to […]
Continue ReadingTraders fear Bitcoin could be entering a new bearish trend after the price dropped below $9,000 earlier today. The price of Bitcoin (BTC) dropped to as low as $8,900 on May 21 following a strong rejection of the $9,800 level. Traders say BTC’s breakdown from the $9,200 support level may lead to a renewed downtrend. […]
Continue ReadingLocal authorities reopen the case against lenders who reportedly refuse to work with cryptocurrency firms. Brazilian banks that have denied service to cryptocurrency companies are now being scrutinized by local authorities, according to a recent report from Folha de São Paulo. On May 20, the Administrative Council for Economic Defense, or CADE, voted to reopen […]
Continue ReadingNow that the Bitcoin block reward has been halved, BTC’s hash rate and transaction fees are feeling the impact. Things haven’t quite been the same since the Bitcoin (BTC) halving. A substantial number of miners have pulled the plug on their equipment due to the halved reward. Consequently, transaction fees are now considerably higher, the […]
Continue ReadingTravala.com’s proprietary token joins the list of crypto assets accepted by cryptocurrency payment processor, CoinGate. Travala.com’s proprietary token (AVA) joined the list of crypto assets accepted by cryptocurrency payment processor, CoinGate. According to an exclusive announcement sent to Cointelegraph on May 21, CoinGate has integrated Travala.com’s native AVA token into its payment system — reportedly […]
Continue ReadingOnly seven weeks after leaving Coinbase’s legal team, Brian P. Brooks will be taking over at the U.S. Treasury’s banking-focused bureau. Per a May 21 announcement from the United States Office of the Comptroller of the Currency (OCC), former chief legal counsel at Coinbase Brian P. Brooks will step in as the head of the […]
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