Bitcoin sees $7,150 for a fleeting moment before climbing down to the mid-$6,000s, but traditional markets remain in deep trouble. Bitcoin (BTC) was gearing up to crack $7,000 on March 20 as the cryptocurrency’s miraculous turnaround produced almost 90% weekly gains. Cryptocurrency market daily overview. Source: Coin360 Data from Coin360 and Cointelegraph Markets showed BTC/USD […]
Continue ReadingDoes Bitcoin have no intrinsic value? Blockchain experts and government officials seem to disagree vastly on the issue. In early March, the Bank of England’s governor-designate, Andrew Bailey, said that Bitcoin has no intrinsic value. He controversially stated that any investor that holds Bitcoin should be prepared to lose all of the money. Bailey said, […]
Continue ReadingThe former Bakkt CEO and current Republican senator Kelly Loeffler has been criticized for dumping stock immediately after a private Senate hearing on coronavirus. Kelly Loeffler, the former CEO of Intercontinental Exchange subsidiary Bakkt and current Republican senator from Georgia, reportedly sold millions in stock within days of a Senate Health Committee hearing on the […]
Continue ReadingTSG announced Q3 2019 had been particularly good to them, with investors like Square Enix giving $2.01 million to the blockchain-based game. After recently announcing a third presale of their coveted game’s virtual spaces, The Sandbox (TSB) revealed they have quite a number of big-name backers. According to a March 20 press release by Animoca […]
Continue ReadingIn an exclusive interview with CT, a senior member of the Japanese government discusses the urgent need to implement a digital yen. Even amid the financial turmoil caused by the coronavirus outbreak, countries are continuing to consider the adoption of a central bank digital currency (CBDC). In an exclusive interview with Cointelegraph Japan, Kozo Yamamoto, […]
Continue ReadingAn evolving list of finance policies and practices suspended due to Coronavirus and their meaning for cryptocurrencies. By this point, everyone knows that Coronavirus, also known as COVID-19, has wreaked havoc on the world economy. The ongoing pandemic On March 13, crypto markets saw an unprecedented collapse alongside the worst day in the traditional markets […]
Continue ReadingScammers are impersonating the World Health Organization to get COVID-19 donations in Bitcoin, cybersecurity firm Sophos reports. As the number of global coronavirus cases grows each day, online scammers are turning to cryptocurrencies like Bitcoin (BTC) to steal money under the cover of the global pandemic. According to cybersecurity firm Sophos, some online perpetrators are […]
Continue ReadingHuobi Pool, a crypto mining arm of Huobi, says its operating revenues surged 547% in 2019, jumping from $53 million in 2018 to $320 million. Huobi, the fourth-largest cryptocurrency exchange by daily trading volume to date, saw significant progress in its crypto mining business in 2019. Huobi Pool, a cryptocurrency mining arm of Huobi, says […]
Continue ReadingThe Alliance listed collateralized 1:1 tokens with their respective stable currencies via Bittrex Global. The Universal Protocol Alliance (UPA) officially announced that the Universal Dollar (UPUSD), the Universal Euro (UPEUR), and the Universal Protocol Token (UPT) have been listed on Bittrex Global, offering a lower fee structure for UPT holders. The Alliance stated that the […]
Continue ReadingThai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia. Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia. As the first non-bank institution in Thailand to sign on to RippleNet, DeeMoney already processes inbound transfers […]
Continue Reading