The price of XRP soared to as high as $0.92 in mere minutes on Coinbase only to crash by 30% immediately after. XRP price spiked to over $0.90 on U.S. cryptocurrency exchange Coinbase on Nov. 24 only to crash back down by roughly 30% in seconds. This was the highest price level since May 2018. […]
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Coinbase has suffered multiple outages since March, often coinciding with volatile Bitcoin trading days. Coinbase appears to have a capacity problem. Users have pointed out for years that when Bitcoin and other crypto assets are especially volatile, the exchange sometimes goes offline without warning. These outages can prevent customers from buying or selling their crypto […]
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Several key metrics hint at a Bitcoin price pullback, but this may be offset by other conflicting factors. A pullback in the price of Bitcoin (BTC) is likely, based on several on-chain data points, namely the Spent Output Profit Ratio (SOPR) indicator, stablecoin inflows, stacked sell orders at $19,000, and the Crypto and Fear Index. […]
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When all eyes are on Bitcoin, exchanges sometimes suffer difficulties. With a new all-time price high in sight for Bitcoin, crypto exchange Poloniex recently went offline. “Poloniex is currently unavailable due to an unexpected issue,” the exchange’s customer support Twitter page said on Friday. “We are investigating the issue and will keep you updated here […]
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The fraudulent mobile app has already received over 100 downloads. A fraudulent mobile application claiming to be the Uniswap exchange has reportedly stolen money from an investor, offering an important reminder of the scams that still pervade the nascent cryptocurrency industry. Alex Saunders, founder and CEO of the Australia-based Nuggets News, recently reported that one […]
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New rule-making aims to stop “creeping politicization of the banking industry,” says OCC head. Per a Friday announcement, the Office of the Comptroller of the Currency, or OCC, is looking for public comments on rule-making that would stop banks from denying services to businesses based on sector. In the words of Comptroller Brian Brooks, “Blanket […]
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Data show Bitcoin whales have set large buy orders in the $17,000 to $17,200 zone in order to protect the current BTC rally. According to analysis from Edward Morra, a popular Bitcoin trader, Coinbase and Bitfinex exchange now have major buy orders above $17,200. The emergence of major buy walls is important because on Nov. […]
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BlockShow 2020 at Singapore FinTech Festival to reflect on achievements of blockchain and how the mainstream finance industry is starting to accept blockchain and digital currency tech. BlockShow has unveiled the speakers for the upcoming cryptocurrency-related event taking place in Singapore in December. As previously announced, the Singapore FinTech Festival, or SFF 2020, is organized in […]
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Bitcoin mining revenue has topped $20 million per day, its highest level this year. Key on-chain metrics such as Bitcoin mining revenues have returned to pre-halving levels according to recent research. Data from analytics provider, Glassnode, suggests that revenue from Bitcoin mining is now back at the same levels it was as when block rewards […]
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The addition of the Coinbase co-founder to Fireblocks’ board followed a $30 million funding round. Digital asset security platform Fireblocks announced that it would be adding Fred Ehrsam to its board following a recent funding round. In a Nov. 18 statement, Fireblocks said that Ehrsam, co-founder of crypto exchange Coinbase, would be joining the firm […]
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