The supply of Tether has surpassed $12 billion and this will likely only make traders more bullish on the price of Bitcoin and alternative cryptocurrencies. The market capitalization of Tether (USDT) surpassed $12 billion as of Aug. 14, according to cryptocurrency market analytics firm Coinmetrics. Meanwhile, some believe the rapidly-rising valuation of the dominant stablecoin […]
Continue Reading
“Decentralized technology that creates programmatic consensus to seamlessly fix inefficiencies and increase opportunity? I think it may prove to be unstoppable.” Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This […]
Continue Reading
The Winklevoss Twins apparently think that space mining is just around the corner. The Winklevoss Twins suggested that Bitcoin (BTC) is a better investment than gold because the metal’s supply will increase after Elon Musk starts mining asteroids. In an interview with internet personality and Barstool Sports founder David Portnoy, the Winklevoss Twins claimed that […]
Continue Reading
Craig Wright will not pay legal costs for a suit against Hodlonaut until a Supreme Court appeal is decided. Craig Wright, a self-proclaimed Bitcoin (BTC) creator, is apparently not required to pay legal fees for a failed libel suit against the Twitter crypto enthusiast known as Hodlonaut. In an Aug. 14 email to Cointelegraph, Wright’s […]
Continue Reading
The $150,000 worth of Bitcoin was allegedly being used to launder money gained through fraudulent support loan applications on behalf of dummy businesses. A U.K. woman has been arrested in possession of £115,000 ($150,000) of Bitcoin (BTC), according to a Metropolitan Police report. The cryptocurrency is alleged to be the proceeds of a fraudulent scheme […]
Continue Reading
CryptoQuant warns that a sell-off from Poolin may accentuate downward Bitcoin price pressure in the short term. Bitcoin (BTC) may have recovered to $11,700 but miners could soon spark a price plunge, data warns. In an update on Aug. 14, on-chain monitoring resource CryptoQuant identified a spike in mining pool outflows. BTC price: CryptoQuant expects […]
Continue Reading
Ripple CEO Brad Garlinghouse says the network is working as planned. Ripple (XRP) CEO Brad Garlinghouse has responded to criticism from New York Times technology reporter Nathaniel Popper after news surfaced that Santander Bank is still hesitant to use the company’s native token XRP. Popper took aim at Garlinghouse, citing statements by the CEO in […]
Continue Reading
Two more South Korean banks are looking at crypto custody options. South Korea’s Woori and Shinhan banks have just announced their intention to introduce “crypto-asset services”. That means that four of the country’s top five banks, holding a combined value of more than $1.2 trillion in assets, are now poised to introduce crypto services. Each […]
Continue Reading
Bitcoin price is consolidating into a tighter range as traders prepare for a third attempt on the $12K level. After recovering 6.3% from a drop to $11,200 on Aug. 11, Bitcoin (BTC) price appears to be gearing up for a third run on the $12K mark. This comes after a week of bullish news which […]
Continue Reading
A NYC attorney has been ordered to pay a crypto investment firm more than $5M after prematurely releasing most of its funds set aside to buy Bitcoin. A federal judge has ruled that a New York attorney is responsible for repaying a crypto investment firm after he prematurely released escrow funds set aside for buying […]
Continue Reading