Crypto news

A recent report informed of a new type of malicious operation that has been active for over a year and has targeted thousands of cryptocurrency users. Dubbed ElectroRAT, it’s written from scratch to work on various operating systems and promoted via dedicated forums and marketing campaigns.A New Threat For Crypto UsersThe cybersecurity company Intezer issued a report describing the latest threat for cryptocurrency users. It reads that the firm discovered the operation in December 2020, but it...

Social Capital CEO Chamath Palihapitiya sees bitcoin eventually expanding into a six-digit price territory. The former Facebook executive also doubled-down on his belief that BTC is an insurance policy that will thrive in the current times of economic uncertainty, but it will grow to something “much more important.”$200K Per Bitcoin; PalihapitiyaThe founder of the venture capital firm Social Capital has been a long time bitcoin supporter. He admitted last year that his first BTC purchase came...

[PRESS RELEASE – Please Read Disclaimer]As interest explodes in anonymous peer-to-peer (P2P) lending and decentralized finance (DeFi), two tech companies are teaming up to build out a project to provide zero-knowledge proof (ZKP) oracle data to smart contracts.LibertyPie offers a non-custodial, permissionless, and autonomous P2P exchange and DeFi protocol designed to provide users with a completely anonymous platform for buying and selling select cryptocurrencies instantly and securely.To...

Following another all-time high and a wildly volatile day, bitcoin has retraced slightly and calmed around the $40,000 price mark. Most large-cap alternative coins have also lost some steam, but some lower- and mid-cap ones have skyrocketed in the past 24 hours.Bitcoin Stalls Beneath $40KThe past several days have been quite bullish for the cryptocurrency. After it dipped briefly beneath $28,000 on Monday, bitcoin went on a roll. It reclaimed the $30,000 tag almost immediately and continued...

There is no denying that institutions and the big players have been the catalyst for this current crypto market cycle and that notion has been reaffirmed by Morgan Stanley’s latest acquisition.According to reports, Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year.The move signifies a growing interest in crypto assets from major banks which are clearly paying more attention to the space.Boom!Morgan Stanley just...

Square has made quite a name for itself in the bitcoin space these past few years. The company – along with its bearded CEO Jack Dorsey – has repeatedly served as an advocate for the world’s number one cryptocurrency by market cap, going so far as to purchase roughly $50 million in BTC last October and serving as one of the few institutional platforms to come out and offer its support publicly.Square Is Set to Make a Lot of BTC-Related DoughIt can be argued that Square contributed to the...

The Grayscale Bitcoin Trust now holds of a rather solid portion of the world’s total BTC units.Grayscale Is a Major Bitcoin ManagerChief executive officer Michael Sonnenshein commented in a recent interview that thanks to newfound respect for BTC amongst institutional traders, the Grayscale Bitcoin Trust presently manages a record three percent of the world’s total BTC thanks to an increase in activity from its professional clientele.In 2020, companies such as Square, MicroStrategy, Stone...

The Vietnamese financial institution will reportedly initiate the provision of letters of credit (L/C) on the blockchain, aiming at better and safer transactions for its clients.Becoming a “Happy Digital Bank”Vietnamese bank HDBank has announced it will issue letters of credit (L/C) using blockchain technology. According to a recent report, the major financial institution will pioneer the local digital market by becoming the first in the county to offer the L/C using blockchain technology.A...

Bitcoin has hit another all-time high. The currency – which just yesterday was trading for around $35,000 per unit – has added another $4,000 to its price and is now trading for around $39,000. This, ultimately, is a slight pullback from where the currency was during the early morning hours after it hit a whopping $40,000 per unit for the first time in its short yet significant history.Bitcoin Has Surged Again!The surge came with a few repercussions such as Coinbase crashing for the umpteenth...

Over the past seven days, Bitcoin gained more than $11,000 to break above the coveted mark of $40,000. Meanwhile, the entire cryptocurrency market cap surged above $1 trillion for the first time in history.The week started off with bitcoin’s price trading around $29,000, but no one was expecting what happened next. Day after day, BTC continued charting new highs until, finally, it broke above the coveted $40,000 mark yesterday. The current all-time high sits at $42,000The move-up was also...