By CCN.com: This week is looking to end on a positive note for bitcoin, as the cryptocurrency clawed its way above $4,100, adding $1 billion to its market cap in the process. Bitcoin Price Cracks $4,100 as Bullish Sentiment Grows The bitcoin-to-dollar rate established an intraday high at $4,103, up 2.24-percent since Friday’s opening price.
VKontakte (also known as “VK”), which is Russia’s version of Facebook, is planning to issue its own cryptocurrency. The project is currently under development, but a final decision has not yet been made. The social media firm wants to create a cryptocurrency that all its users can implement, according to Russian news website RNS. VKontakte
Under pressure for being months behind schedule, the Central Bank of Iran finally published a draft framework on the legality of cryptocurrencies in late January and welcomed feedback. While some see the totality of the framework as a step forward, most members of the burgeoning local crypto community are unhappy with much of the specifics.
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The Bitcoin price volatility in March is approaching its lowest levels on record, which could precede the next prolonged bull run, says one analyst. Lowest Bitcoin Volatility on Record Bitcoin is on the verge of recording its least volatile month, according to a report by Marketwatch. Citing Dow Jones market data, the report outlines that
Analysts have been anticipating the implications of the Internet of Things (IoT) for several years. However, there have been two main impediments to its success: capacity and security. But now, the introduction of a new technology could change that. This year, major carriers like AT&T and Verizon will be introducing 5G, the latest generation of
As prime minister of between 2014 and 2016, Matteo Renzi was an unmitigated disaster for Italy. Fortunately, his incompetence and socialist ideology ensured that Italians not only showed him the door but also left his Partito Democratico (Democratic Party) politically annihilated. Now, the has-been is nostalgic of a bygone age when elites and globalists were
Litecoin’s (LTC) price has doubled in the first three months of 2019 to register its best first-quarter performance on record. The fourth-largest cryptocurrency by market capitalization is currently trading at $61, representing a 100 percent gain on January’s opening price of $30. It clocked a six-month high of $64.20 earlier this month, according to Bitfinex
By CCN.com: Another day, another John McAfee tweet pumping a cryptocurrency project that has alarming red flags. The latest dubious crypto token is called Apollo, an “all-in-one” cryptocurrency with supposedly-private transactions. Crypto Developers Call Out McAfee-Linked Apollo However, according to crypto development firm Jelurida, Apollo’s so-called privacy features promoted are not so private after all.
Tron founder Justin Sun stirred up controversy this week by promising to give away a Tesla to one lucky Twitter follower who retweeted his post. Now, according to a statement issued Friday, he’s giving away two. A video of the random selection identified a Washington, D.C.-based account, @uzgaroth, as the initial winner. However, Sun promptly followed
On Friday, economist and global markets analyst Alex Krüger said that the crypto bear market has been over for more than three months and if bitcoin breaks out of the $4,200 resistance level, it will mark the end of the 15-month bear trend. “The crypto bear market has been over for three months now. BTC
Kazuhiro Tokita, representative director, board member and president at Japanese cryptocurrency exchange DeCurret, unveiled a new cryptocurrency payment system during a business presentation in Tokyo on March 27. Cointelegraph Japan reported on the presentation the same day. The new system would enable the SUICA payment card issued by the East Japan Railway Company (JR East),
Facebook is moving into cryptocurrency, aiming to create some type of stablecoin that will make it possible for users within its gargantuan network to transfer value to each other. Why Facebook doesn’t simply use an existing cryptocurrency is, of course, a mystery. Facebook’s Not Going Full Crypto Facebook should have just added general support for
South Korean crypto exchange Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack it suspects was an insider job. The company confirmed in statement on Saturday that it first spotted an “abnormal withdrawal” of the cryptocurrency through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29. The exchange
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Analysts were congratulating cryptocurrency merchant bank Galaxy Digital CEO Mike Novogratz March 28 after share performance rocketed. Galaxy Among ‘Best Crypto-Related Performers’ Data from Bloomberg and other sources confirm something of a renaissance for Galaxy, which as recently as the end of last year had seen its fortunes decline dramatically. At press time, GLXY was
Bithumb was hacked for the second time in less than a year as attackers managed to steal 3 million EOS coins and 20 million XRP. The subsequent laundering of the $21 million dollar haul was then tracked in real time by a twitter analyst, as the hacker swapped the tainted coins for other cryptocurrencies on
David Weisberger is co-founder and CEO of CoinRoutes and a veteran of building trading desks and financial technology businesses. The opinions expressed in this article are his own, and do not reflect CoinDesk’s position. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market, with news and views
The chance of Bitcoin (BTC) recovering to its former five-digit highs this year is unlikely, a trading expert told MarketWatch on March 29. While 2018 was a bear year throughout, in November a massive sell-off saw the valuation of major coins crash by double-digit percentages, with Bitcoin dropping below $5,600 for the first time that
The Securities and Exchange Commission (SEC) has once again proven its inability to make decisions regarding a cryptocurrency exchange-traded fund (ETF). This time, the helpless victim waiting on the sidelines is Bitwise, which initially filed for its ETF two months ago in January. A section of the Securities and Exchange Act of 1934 states that