Crypto news

2020 was a tough year for crypto, but it seems like the last few months are trying to compensate hodlers for the bad times. And now, the Office of the Comptroller of the Currency is bringing more good news to the crypto space.A recent regulatory proposal issued by the OCC seeks to ensure that crypto businesses enjoy the same facilities when it comes to having a bank account as any other legitimate endeavors.No More DiscriminationIn short, the OCC wants to end with the silent discrimination...

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Bitcoin continues to solidify its position as a potential tool for hedging one’s wealth, according to most analysts. The world’s number one cryptocurrency by market cap garnered this newfound reputation during the early days of the COVID pandemic, and it doesn’t seem to be letting up anytime soon.Bitcoin Has a Swelling ReputationThe idea has emerged in recent months that bitcoin is somehow safer and more stable, even, than assets like gold, and far stronger than the U.S. dollar, which is...

It’s happened again, folks. Another cryptocurrency exchange has confirmed a hack. This time, the alleged victim is the trading platform Liquid, which said in a statement that it’s still investing the specifics of the attack including how much was potentially compromised and who might be responsible.Liquid Is the Latest Subject of a CyberattackIn a blog post, the company’s man in charge Mike Kayamori mentioned what occurred:“On the 13th of November 2020, a domain name hosting provider that...

Ignoring all known rules of gravity, Bitcoin has taken for the skies, and it shows absolutely no signs of slowing down. This week the cryptocurrency is up by another 14% and is currently trading just about 6% below its all-time high of around $20,000 reached in December 2017.The week started off fairly calmly, and some were even thinking that there is a correction incoming. This wasn’t the case, as right after the weekend, BTC started moving… up. It breached its former high on Wednesday and...

[PRESS RELEASE]Palo Alto, CA, Nov. 20, 2020 – KIRA, a decentralized finance technology company, has announced several new investors who participated in KIRA’s Private Sale (which closed in August, 2020), including Digital Finance Group, SNZ Holding, Rarestone Capital and Cabin VC.Over the last few months, KIRA also welcomed several strategic partners, including Math Wallet, Orion, Mantra DAO, BlockParty and Swingby. KIRA will enable these partners to stake any asset type, where tokens and...

BitcoinBitcoin went through another powerful 15% price surge this week, which saw the cryptocurrency climbing over $18,000 and reaching as high as $18,800. It was trading at $16,400 last Friday, and it struggled to break this resistance over the weekend.This change on Monday, when Bitcoin started to surge higher. It quickly managed to push above $17,000 and break the resistance at the 2018 High at $17,186. The bull run continued higher throughout the week until resistance was found at around...

Bitcoin is trading for around $17,800 at the time of writing, though the world’s number one cryptocurrency by market cap had initially spent the early parts of this morning trading above the $18,000 mark, thus suggesting that the currency has the power to rise further.Could Bitcoin Beat Its Old Record?The asset is presently undergoing a slight correction, having lost a few hundred dollars and settling at a lower price, though to be fair, this has happened a few times with the currency....

Bitcoin price continues its parabolic intraweek rally with a surging breakout from the bullish pennant we discussed in yesterday’s analysis. Since the opening of the traditional markets on Monday, BTC has risen by an eye-watering 17%.With the leading crypto asset now holding at around $18,700, it’s only 5% shy from getting back to its all-time high set on December 17, 2017 – 1,069 days ago.Looking at the global crypto picture, a further $21 billion has entered the market in the last 16...

Masayoshi Son, the founder, and CEO of the giant Japanese multinational conglomerate SoftBank Group, has lost millions from buying Bitcoin high and selling it low. In a recent speech, he also admitted that he doesn’t understand how the cryptocurrency works, but he believes some digital asset will have a role in the future.SoftBank CEO’s Unsuccessful Bitcoin InvestmentThe 63-year old Japanese billionaire and philanthropist recently spoke about his regrets, especially financial misfortunes,...