Crypto news

Instagram accounts of Maltese residents were attacked recently by hackers. The online intruders specifically insisted on a Bitcoin ransom from the users in order to restore their access. Hackers Insist on Bitcoin Bitcoin and most of the cryptocurrencies keep their rally as their prices escalated in the past few months. Many companies and influential individuals either invested in them or recognized their potential. However, the skyrocketing value of bitcoin and altcoins also...

Just prior to his anticipated “SNL” appearance, it appears Elon Musk was once again the subject of a Twitter-based bitcoin scam that saw several of his social media followers getting BTC-related spam in their message feeds. It Looks Like an Elon Musk Twitter Account Was Compromised It seems like Elon Musk and his followers just cannot catch a break in this department. Musk is constantly the subject of several crypto based social media scams. For the most part, it looks...

Last February, Elon Musk – the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla – announced that while he was a big fan of Dogecoin, there would be a serious problem with it should there only be a small concentration of wallets holding most of the available units. Now it looks like that worry is becoming a reality. Dogecoin Has Grown, and Some May Be Getting Greedy Dogecoin has shot up by more than 12,000 percent in the last year alone,...

The boxing icon Floyd Mayweather plans to join the NFT craze by launching his digital collection on May 26th ahead of his fight with Logan Paul. IronBend combined forces with Reality Gaming Group and Zytara Labs in order to release the Mayweather non-fungible tokens. Floyd Mayweather Joined The NFT Club Floyd Mayweather – one of the greatest fighters of all time – partnered up with IronBend, Reality Gaming Group, and Zytara Labs to release an exclusive NFT collection ahead of...

E-commerce giant eBay has become the first in its industry to catch the non-fungible tokens (NFT) mania, as the company is now allowing the sale of NFTs on its platform. According to Reuters on Tuesday (May 11, 2021), eBay said that it would enable the sale of NFTs for digital collectibles such as video clips, images, or trading cards on its marketplace. Meanwhile, the ability to list and sell NFTs would be open only to whitelisted sellers. This could mean that the platform...

Arnold Schwarzenegger – the star of films like “The Terminator” and “Predator” – has said he does not own any cryptocurrencies as he does not understand them. The actor and former California governor has spent a lot of time with Warren Buffett over the years, and this could potentially be why crypto is not on the Austrian’s roster of investment options. Schwarzenegger Doesn’t Invest in Digital Currency Schwarzenegger has made a name for himself over the past few decades...

Software & analytics company Palantir has announced that they will be accepting Bitcoin as a payment method. Palantir will also consider purchasing Bitcoin or other cryptocurrencies to store on their balance sheet. Thiel Bets Big on Bitcoin Peter Thiel, the co-founder of Palantir (and, notably, PayPal), has been a long-standing cryptocurrency advocate. The company announced that it now accepts BTC for payments and even considers adding it to its balance sheet. As early as...

The automatic market maker (AMM) running on top of Ethereum, Balancer, announced that Version 2 of its platform is already live. It promises lower gas costs, a redesigned interface, and an enhanced user experience. Balancer V2 Arrives Built on Ethereum, Balancer is a DeFi protocol enabling users to trade ether and ERC-20 tokens in a trustless, permissionless environment. By providing liquidity to a Balancer pool, they can also earn a portion of the trading fees paid to the...

[PRESS RELEASE – Chiang Mai, Thailand, 11th May 2021] Shield Finance, a multi-chain DeFi insurance aggregator that will deploy across the Polkadot, Ethereum, Binance Smart Chain, and Solana blockchains announced today the completion of their private fundraising rounds, having successfully reached the hard cap amount of $780 000. Private Investors. Shield Finance’s potential combined with its seasoned team attracted immense support from industry innovators including Master...

Bitcoin is down almost 5% today as the primary cryptocurrency broke below a rising wedge formation. BTC reached as high as $59,600 yesterday, touching the upper boundary of the wedge. However, the steep dive started from there. As mentioned yesterday, bitcoin was trading inside a rising wedge pattern, which in most cases tends to break to the downside. This is what happened this time as well. After breaking toward the bearish side, BTC continued to plummet but managed to find...