Crypto news

British banks are making it increasingly difficult for their customers to get involved with crypto, citing particular concerns related to security and exposure to fraud. According to a report by the British newspaper The Times, TSB bank is reportedly about to ban its customers from buying crypto with funds managed by the bank. TSB is reportedly concerned about an “excessively high” fraud rate related to crypto exchanges operating in the country. TSB Could Be Cutting Ties With...

With China suddenly becoming an anti-bitcoin mining state, many are wondering where all the country’s present operations will relocate to. Some say Texas, while others suggest Wyoming. Either way, many China-based crypto mining firms need a new home, and America is looking better and better every day of the week. Bitcoin Miners in China Are Having to Leave Soon China has always had a rather up-and-down relationship with cryptocurrency. The country banned both initial...

29-year-old crypto billionaire Sam Bankman-Fried believes that it would be rather easy for crypto miners to resort to green energy to potentially extract new coins from the blockchain. Sam Bankman-Fried: Miners Can Turn to Green Energy without Hurting Their Industry One of the big arguments hitting the crypto industry as of late is that crypto mining is somehow harmful to the planet. There are reports strewn about suggesting that bitcoin mining requires more energy than...

Teresa Jackson – a retired teacher from Portishead, Somerset – lost her savings in an online scam. A mysterious ”financial advisor” persuaded her to stake £120,000 in a bitcoin investment scheme advertised on Instagram. Universal Credit Instead of Multiplying Her Money The UK’s national reporting center for fraud and cybercrime sounded a note of caution that crypto investing could be a hazardous operation. Action Fraud and Citizens Advice informed about the case of Teresa...

Neil Patrick Harris is the latest celebrity to express love and enthusiasm for bitcoin. So much so that he is now serving as the new spokesperson for Coin Flip, a leading crypto ATM firm. Neil Patrick Harris Is a Big Crypto Fan Harris is well known for playing lead roles in television programs such as “How I Met Your Mother” and “Doogie Howser, M.D.” However, what many do not know about the young star is that he is an avid crypto trader and investor. He entered the...

The Q4 2019 and Q1 2020 crashes were both preceded by a death cross and signified that the tides in the market are about to shift in a big way. Why Does a Death Cross Work? The death cross indicator has been reliable in both the stock and crypto markets – it predicted 4 major crypto crashes, as well as the 1974 and 2008 stock market collapses. When a bull market ends, short-term momentum (indicated by the 50-day moving average line, or 50MA) starts to slow down. The Death...

Hedge fund CFOs expect the investment trends to change in the next few years, including adding cryptocurrencies to their portfolios. A recent study revealed that they are significantly more willing to enter the digital asset market as one in six anticipate a 10% or higher allocation. Hedge Funds to Enter the Crypto Space? Cryptocurrencies have been regarded as a rather speculative form of investment for years, but the COVID-19 pandemic and the world governments’ actions...

The troubles of customers using the services of the popular cryptocurrency wallet Ledger continue. After the security issues last year, users have now complained about receiving fake Ledger replacement devices that actually aim to steal their digital asset holdings. Fake Ledger Replacements Founded in 2014, Ledger develops hardware wallets enabling cryptocurrency investors to store their assets on offline devices. The company has enjoyed significant growth in the past several...

The weekends continue to bring adverse price developments for bitcoin as the asset fell to a six-day low of $35,000. The situation with the alternative coins is similar, with ETH dumping to $2,200 and BNB below $340. The total market cap is down by $100 billion in a day. Bitcoin Slips to 6-Day Low The workweek was going well at one point for bitcoin, which spiked to and above $40,000. The bulls drove the asset to a new 3-week high at almost $41,400, but they failed to keep...

People in the UK are more interested in Bitcoin and crypto today than in any other year, including 2017, when the digital asset boom was at its peak. According to a UK’s Financial Conduct Authority survey, about 78% of adults have now heard of cryptocurrencies, and more than 2.3 million people in the UK hold or have owned cryptocurrencies at some point. Crypto is a Serious Investment The way British people think about crypto has changed dramatically. The FCA mentions that...