Crypto news

Bitcoin vanity addresses centered on tech celebrities such as Elon Musk and Bill Gates are rather prominent at the time of writing, with those centered on Musk having collected more than $2 million in stolen funds and those regarding Gates having collected roughly $100,000 in stolen money.Crypto Scams Don’t End for Elon MuskA bitcoin vanity address is a crypto address that incorporates an actual word or name. As we all know, cryptocurrency addresses tend to be rather long and complicated....

Bitcoin recently received a notable acknowledgment from a massive global automotive brand. In a celebratory video for the 50th birthday of one of its most prominent models, the British car manufacturer Land Rover included the creation of the BTC network as a significant event in the past 50 years.Land Rover Acknowledges BitcoinHeadquartered in Coventry, the UK, Land Rover has become a globally recognizable car manufacturer with its premium and luxury sport utility vehicles. One of the most...

Former national security adviser John Bolton is releasing a tell-all book about President Donald Trump this coming election.Donald Trump Attacks BTCIn the book, Bolton allegedly claims that Donald Trump wanted to “go after” bitcoin since the year 2018. For the last two years, Trump allegedly was looking to go after the cryptocurrency space and hit it hard with massive regulatory tactics that would bring unregistered crypto activity to its knees.The book – entitled “The Room Where It Happened”...

According to a new publication of the Federal Reserve Bank of New York, Bitcoin is not a new type of money. The authors argue that it’s a new type of exchange mechanism, capable of supporting money transfer.The well-known economist and author Peter Schiff backed up the claims, reiterating that once savers lose confidence in it, they will return to gold.Bitcoin is Not a New Type of Money, Fed SaysAccording to Bitcoin’s whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System, BTC is a...

The past 24 hours saw Bitcoin losing an important support level at $9,400. At the same time, the entire market continues to slowly bleed out, as it has been doing for the past few days.Bitcoin Price Below $9,400As CryptoPotato reported yesterday, Bitcoin continues to trade within a range between $9,200 and $9,500 for the last week, except for the wick to $9,000 on June 15th.There’s a symmetrical triangle pattern in play that emphasizes this narrow range, hinting that the price is currently...

Nomura Holdings, one of Japan’s largest financial companies, has launched a Bitcoin custodial service for traditional investors through a joint venture with hardware wallet provider Ledger and investment company CoinShares.Digital Asset Custody Solution For InstitutionsThe partners have been working together to develop the digital asset custodian dubbed Komainu since 2018, and it was officially launched on Wednesday. The venture describes itself as the first regulated digital assets custody...

According to a recent report, the majority of all mined bitcoins are held by long-term investors, while only 19% is utilized for trading.Although professional traders are roughly only 4% of the market, they are largely responsible for significant price developments, the research added.BTC HODLers On The RiseThe cryptocurrency monitoring company Chainalysis recently posted its latest report exploring the behavior of Bitcoin investors. More specifically, it examined their approach to “what are...

The price of Compound (COMP) tokens is seeing a massive surge amid a manic week for the decentralized finance (DeFi) project, which included a listing announcement by U.S. crypto exchange giant Coinbase.Compound TVL Crosses $400M TVL MilestoneWith the number of lenders on the Compound protocol increasing rapidly, data from DeFiPulse shows the project crossing the $400M mark in total value locked (TVL). Barely a week ago, this figure stood at $100 million. Compound becomes the second lending...

Well, well, well… It looks like after years of needless fear and concern, institutional players have a stronger presence in the crypto space than we originally thought.Institutional Players Need to Work Hard for Crypto to GrowIt has often been stated that institutional players are necessary if the cryptocurrency space is going to ever serve as a legitimate and mainstream financial marketplace. For crypto to ever rank amongst cash and credit cards, professional traders must have a hand in how...

Civic Technologies – a startup based in San Francisco – is developing a new blockchain application that will allow people to prove to their employees that they don’t have COVID-19.Civic Technologies Looks to Blockchain to Battle CoronavirusCOVID-19 – or the coronavirus, as its more commonly called – first came about in December of 2019. Developed allegedly in a Chinese lab, the virus spread like mad throughout several regions of the world including Europe, the United States and other parts of...