Crypto news

Despite the bloodshed of this Monday, cryptocurrencies are still arousing the interest of the mainstream audience, and Vitalik Biterin, the creator of Ethereum, is aware of the great responsibility involved in developing a product that could revolutionize the world of finance… Especially if it comes with the responsibility of becoming your own bank.In a blog post dated January 11th, Vitalik spoke about the importance of developing methods that allow users to recover their wallets’ private...

The recent bitcoin selloff and the dip of the world’s number one digital currency by market cap has several analysts and industry experts flooding the space with comments and ideas regarding where the asset will go from here, and some of them – which are surprisingly coming from Mark Cuban – are rather positive.Mark Cuban: BTC Will Survive the Present OnslaughtIt’s a bit of a shock to see Mark Cuban say anything good towards bitcoin considering he’s been a bit on the bearish side in recent...

When it comes to bitcoin, it’s quite possible to be right in the middle. You don’t have to be Warren Buffett, where no matter how high the coin goes, you can’t send any compliments towards it. You also don’t have to be Tom Lee, who is often praising the currency and predicting big things for it – even when its traversing the doldrums. You can be right at the center of a bitcoin argument, and proof of that exists in “Bond King” Jeffrey Gundlach.Jeffrey Gundlach: I Don’t Like Where BTC IsIn a...

Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%.Fidelity Doubles-Down On Investing In A Crypto FirmBloomberg reported in February last year that Fidelity International had acquired a $14.2 million stake in BC Technology Group Ltd. – the operator of one...

Well, it looks like all good luck can’t last forever. Bitcoin, the world’s number one digital currency by market cap, has taken a serious stumble, having fallen back to about $33,000 at press time after spending most of the weekend trading at the $40,000 range.Bitcoin Decides to Step BackThe currency has risen to unprecedented levels, and with these spikes comes some serious repercussions that are potentially coming in the form of a new selloff, which typically tends to happen whenever...

Jeffrey Gundlach, the CEO of DoubleLine Capital and so-called “Bond King,” warned that the primary cryptocurrency could be in a massive bubble. He based his view on BTC’s recent performance that included a parabolic increase and a large crash just yesterday.The Bond King Sees BTC As A BubbleIt’s safe to say that bitcoin initiated a significant bull run in early October when it dabbled with the $10,000 price tag. In the following months, BTC more than quadrupled its value to an all-time high...

The CUDOS exclusive token listing event has just commenced on BitMax, with the project seeing a stellar investor response. CUDOS announced the public listing event after the recently-concluded private sale, where 655,555,555 tokens were made available. As part of the BitMax token listing, 166,666,667 tokens are being offered to the public. The figure represents 1.67% of the total CUDOS tokens available.CUDOS token allocationPrivate sale – The CUDOS private sale was conducted from October to...

[PRESS RELEASE – Please Read Disclaimer]DMEX stands for Decentralized Mining Exchange. It is a decentralized trading platform for cloud mining power. DMEX is building a cloud mining power trading platform for the average users so that they could enjoy the freedom for participation, transparency in incomes, and liquidity in assets. In order to realize this mission, decentralization is the key. DMEX platform does not rely on third-party suppliers to construct the cloud mining market. Instead,...

Central District Court in California sentenced GemCoin founder Steve Chen to 10 years in federal prison. Chen has been announced guilty of being the mastermind and leader of a $147 million crypto Ponzi scheme that involved mining and digital currency fraud, and tax evasion.Over 70,000 Investors Defrauded with Gemstone-backed CryptoAccording to the US Department of Justice, 63-year-old Californian Steve Chen and a team of conspirators have masterminded the fraudulent endeavor that remained...

[PRESS RELEASE – Please Read Disclaimer]Singapore, January 12, 2021 — Scalable smart contract platform TomoChain has released details of its forthcoming Zorro upgrade. Set to occur at block 30,915,660, on or around January 22nd, the activation of Zorro will enhance the Proof-of-Stake blockchain with an upgraded EVM.“The arrival of Zorro is an important milestone in our ongoing development,” said TomoChain founder and CEO Long Vuong. “I am confident that the new features and functionalities it...