In an open letter to other investors, Sonic Zhang says Bankorus’ co-founder has revealed that the firm is all but bankrupt. The largest shareholder in Overstock-funded blockchain wealth management startup Bankorus has claimed that the firm has no money left. In a statement issued on Oct. 6, Sonic Zhang said that previous funding deals for […]
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Major cryptocurrencies are incurring losses on the day as Bitcoin slips lower below $8,000 to trade near $7,800. Sunday, Oct. 6 — Cryptocurrency markets are slipping downward today, with Bitcoin (BTC) trading under $8,000 and altcoins seeing notable losses on the day. Market visualization courtesy of Coin360 After slipping below the $8,000 price point, Bitcoin […]
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Bitcoin Price Continues to Fall as $7,120 Looks like Critical Support to Stave off Bear Market 2.0 This week isn’t looking good for Bitcoin (BTC) as the price continues to decline after reaching a high of $8,540 on Oct. 1 down to $7,870 on Oct. 6. This continued decline was anticipated in last week’s analysis, […]
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Several Brazilian cryptocurrency firms are under investigation in Cointelegraph’s weekly digest of news from the country. Brazil saw another week of reports on alleged cryptocurrency scams as the Sao Paulo Court ordered to block the assets managed by Unick Forex, while another firm was reported of promising 400% returns through a cryptocurrency investment scheme. Here […]
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PayPal pulls out of the Libra Association, crypto markets fail to recover, and Mark Cuban says he’d rather have bananas than BTC. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more […]
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Stablecoins backed by fiat money — what is their goal and which ones do investors prefer and for what uses? Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind […]
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Will the first signs of recovery in altcoins sustain or turn out to be a dead cat bounce? Let’s study the charts. Fundstrat Global Advisors co-founder Tom Lee believes that Bitcoin does well when the S&P 500 market index moves up. Though Bitcoin might act as a macro hedge against global turmoil in some instances, […]
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The majority of crypto traders are overexposed to digital assets and lack balance in their portfolios. In situations such as these failure to plan is a plan for failure. The crypto market has extremely low barriers to entry, meaning anyone with an internet connection, a smartphone or a computer and a bit of starting capital […]
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Cointelegraph travelled to South Korea to meet a new generation of crypto entrepreneurs. In the last few decades, South Korea has been among the fastest developing countries in the world. It is currently the planet’s third-largest crypto economy, after the United States and Japan. Cointelegraph traveled to Korea to meet a new generation of crypto […]
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Bitcoin’s price falls under the $8,000 mark while the top 20 cryptocurrencies are seeing mixed movements on the day. Sunday, Oct. 6 — The top 20 cryptocurrencies are seeing mixed movements on the day while Bitcoin’s (BTC) price dips under the $8,000 mark by press time. Market visualization courtesy of Coin360 Bitcoin’s price is currently […]
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