Crypto news

Bitcoin used to show a higher correlation to the stock markets, especially amid the lowest point of the pandemic. However, it has taken a different route during the last few days.Bitcoin-S&P 500 Correlation Departs from ATHTypically, Bitcoin is regarded as an independent asset that often acts as a safe haven. Its fundamentals are different from those driving the stock market. Nevertheless, the oldest cryptocurrency was caught following the American flagship index known as the S&P 500...

The price of Ethereum has been surging over the past few days largely due to the recent price jumps experienced by bitcoin, the world’s leading cryptocurrency by market cap. However, the Ethereum jump can also potentially be traced to a recent announcement made by payment processing company Visa that it would put much of its focus towards stable currencies in the coming months.Visa Is Making Stable Coins MainstreamEthereum is the world’s second-largest cryptocurrency by market cap after...

Charles Edwards – the digital asset manager at Capriole – says the price of bitcoin could easily shoot up to $20,000 if U.S. banks put in at least one percent of their assets into crypto.Charles Edwards: Banks Can Make BTC Hit $20,000This may be asking much from banks, but one percent, for the most part, isn’t much, and it looks like interest in bitcoin has been increasing over the past several months between both retailers and institutional players alike, so perhaps the figure he’s...

A recent report revealed that while 70% of organizations based in Mexico utilize cloud services, their networks are alarmingly exposed to external threats. Local companies have particularly complained that the number of cryptojacking cases has increased in the past year.Cryptojacking Rises In MexicoThe so-called cryptojacking term relates to cases when an attacker gains unauthorized access to a mobile device or a computer to mine or mint cryptocurrencies. According to a recent research...

Ethereum saw a massive price increase over the past 24 hours, which allowed it to push above the $300 level.The cryptocurrency continued to drive upward from $300 today as it reached as high as $320 before dropping.Against Bitcoin, Ethereum created a fresh 2020 high as it reached 0.0317 BTC.ETH/USD: Break Above $300 Sets Fresh 2020 Highs For ETHKey Support Levels: $300, $297, $287.Key Resistance Levels: $320, $333, $342.Ethereum saw an impressive 31% price surge over the past week of trading....

Crypto security expert Harry Denley has done it again. The antiphishing professional, in association with Binance, helped a victim get back $10,000 worth of lost cryptocurrency. Previously ‘Helping Harry’ had recovered $4000 worth of stolen crypto funds for a user.Fake MetaMask and Uniswap UI Used for Stealing CryptoIn his latest blog article, Harry Denley, a security and antiphishing expert at cryptocurrency management firm MyCrypto recounted an incident where he intercepted $10,000 worth of...

It appears to be obvious that the boring days of Bitcoin trading are over. The cryptocurrency went on a spree over the past week, gaining more than 10% and breaking the coveted $10,000 mark for the first time since June.Bitcoin Price Does it Again: Over $10,000The past couple of weeks were fairly boring when it came to Bitcoin’s price action. After all, the cryptocurrency remained trapped in a very tight range for most of July.This saw the Bollinger Bands squeezing very tightly, which is...

Bitcoin continued its steady bullish move, and currently trading safely around the $9,700 mark, while Ethereum has breached above the $300 level. Other altcoins have also marked significant gains in the past 24 hours, thus reducing BTC’s dominance over the market towards the 60% dominance, which is a new year low.Altcoins On The RiseThe second-largest cryptocurrency by market cap has kept its decisive move forwards running. Ethereum traded at $235 on July 21st, but it seems that its essential...

It looks like payment companies such as Visa, Mastercard and PayPal are singing a different – and more positive – tune when it comes to cryptocurrencies.Companies Like Visa Are Having a Change of HeartIn the past, said companies and cryptocurrencies haven’t always gotten along. The reasons are wide and varied, with a big one being that many digital assets have not earned the trust that other payment platforms have received. For example, credits cards have arguably proven themselves over the...

The recent stimulus plan brought forth by the United States has garnered some mixed reactions, but according to Tyler Winklevoss – co-founder of the Gemini Exchange in New York – the move has brought about the prime environment for bitcoin buyers.Tyler Winklevoss: Bitcoin Is Looking Pretty Good Right NowAt press time, bitcoin is just over $9,500, which is a slight drop from where it stood just yesterday. Still, the currency has been on the rise over the past 72 hours ever since it was...