Crypto news

Most of the cryptocurrency market is retracing on a 24-hour scale despite increasing in value intraday. Bitcoin surged to nearly $10,500 but is back below $10,300, while Ethereum dips to $360.Bitcoin Stopped At $10,500The positive news for the primary cryptocurrency is that its price remains in the five-digit territory. In fact, Bitcoin even increased towards its previous 2020 high at $10,500 yesterday. However, the bears stopped it before having the chance to conquer it. Ultimately, BTC...

The Digital Currency Group (DCG) just got a whole lot bigger and is now a global enterprise with its latest purchase of Luno, a digital currency exchange based in the UK.Luno Is Now a Part of the Growing Digital Currency GroupDCG is already a major firm considering it owns the institutional crypto trading platform Grayscale. Just a few months ago, the company posted more than $1 billion in trades for its second quarter, meaning that customers had to be trading more than $300 million each...

Binance is willing to go big in the world of DeFi and is investing heavily in promoting its own ecosystem in a clear attempt to take some of the spotlights off Ethereum.During an online panel at The World of DeFi summit, Changpeng Zhao (CZ), the CEO of the world’s largest crypto exchange by trading volume, announced the creation of a $100 million fund to promote DeFi projects running on the Binance Smart Chain.“To bootstrap or to kick off the Binance Smart Chain, and to invite all the...

Despite the recent price swings and Bitcoin losing nearly $2,000 of value in a week, the number of addresses containing at least 1 BTC has marked a new all-time high. Also referred to as “wholecoiners,” those network addresses have reached 823,000.BTC ‘Wholecoiners’ At ATHThe data analytics company Glassnode recently published information regarding the so-called wholecoiners. Meaning, network addresses containing at least one whole coin of the primary cryptocurrency.Bitcoin Price/Number of...

Bitcoin regulation has always been a rather controversial subject. On the one hand, the cryptocurrency is designed to stand alone and give people the chance to garner financial independence. However, if there is no regulation whatsoever for the world’s number one digital currency by market cap, things could wind up very bad with the space, and cybercrime and other malicious activity could continue to meander throughout the arena without limits.Steven Parker: Bitcoin Must Be Regulated...

Bitcoin rose Thursday after it was announced Jim Cramer would be investing in BTC.BTC/USD bulls cheered as Anthony “Pomp” Pompliano made the announcement.The CNBC “Mad Money” host is the latest high-profile investor to jump on the cryptocurrency bandwagon.Jim Cramer is the newest high-profile “bitcoiner.” Anthony “Pomp” Pompliano has managed to convince the “Mad Money” host to buy the major cryptocurrency after years of skepticism.Bitcoin Rises After Cramer AnnouncementCramer’s relationship...

As of late, bitcoin has not been the crypto space’s top performing coin. In fact, over the past few weeks, BTC has lost roughly $2,000 from its price, falling from about $12K to the low $10,000 range. According to San Francisco-based digital trading exchange Kraken, things could potentially get a lot worse for the world’s number one digital currency by market cap.Kraken: Things Will Not Be Good This SeptemberIn a recent report, Kraken reminded all traders and investors that September is,...

Two significant NetWalker ransomware attacks have surfaced in the past week. After Argentina’s official immigration agency suffered a hack demanding $4 million in Bitcoin, a recent report revealed that Pakistan’s largest power producer was compromised. The perpetrators demand up to $7.7 million in BTC.$7.7M In BTC Demanded From Pakistan Power ProducerThe cybersecurity website Bleeping Computer reported earlier that the sole electricity provider for Karachi, Pakistan, namely K-Electric, has...

ETH bulls penetrated above a symmetrical triangle pattern, as the price rose from $350 to over $370 as of writing these lines.Against Bitcoin, ETH rebounded from the 0.0329 BTC support to resistance at 0.0361 BTC, which is the current daily high.ETH/USD – Ethereum Penetrated Above The Symmetrical TriangleKey Support Levels: $364, $350, $340.Key Resistance Levels: $380, $400, $410.After finding support at the $324 level over the past week, Ethereum was forced into a short period of...

Politicians in the Swiss senate passed a new set of financial law reforms on Thursday, September 10. The “blockchain act” will provide a clear legal framework regarding cryptocurrency trading and how it relates to securities laws, according to a new report.The proposed legal reforms were agreed upon unanimously by the Swiss House of Representatives in the summer and could come into effect by early 2021. The new laws are expected to give Switzerland the most advanced blockchain regulatory...