Crypto news

Bitcoin and crypto traders alike have always been intrigued by the mystery surrounding Satoshi Nakamoto, the pseudonymous trader behind the creation of the world’s number one digital currency.Maybe Keeping Nakamoto Hidden Is BestWho is he? How did he get the idea, and is he still alive or has he passed on? These are all major questions that several bitcoin enthusiasts have likely asked themselves over the years, but according to several analysts and industry experts, it might be best not to...

The most widely used US-based cryptocurrency exchange Coinbase went down during Bitcoin’s latest surge above the $10,000 mark. After a few days of discontent from the community, the company recently published a statement claiming that the unusually high traffic prompted technical difficulties. Traffic Brings Down Coinbase As CryptoPotato reported recently, the US-based exchange went offline for nearly an hour when Bitcoin conquered the coveted $10k level. Unfortunately for Coinbase, this was...

The coronavirus lockdown has caused many people to see bitcoin in a different way, including residents of Russia.Russia Seems to Love BTCThe country has had a very mixed relationship with cryptocurrency. Assets are often traded in secret as government officials have not taken to digital assets the way other nations have. The country has also long considered a ban on digital currency trading, believing it leads to criminal activity such as money laundering.Now that everyone is stuck at home...

According to an analysis by the popular blockchain data company Glassnode, Bitcoin miners are selling a lot less at the current price rate. While this might look like a positive sign at a glance, it might also suggest that the current rate simply doesn’t satisfy their profitability criteria.Bitcoin Miners Selling LessData from the well-known cryptocurrency monitoring resource Glassnode reveals that Bitcoin miners have been selling substantially less BTC at the current rates.In fact, after the...

The Federal Reserve of Philadelphia believes that central bank digital currencies (CBDCs) could significantly impact global finance. In a recent paper, the Fed even suggested that digital currencies could replace commercial banks if they manage to tone down any associated risks.Fed Philadelphia Pro-CBDCIn its comprehensive report on the matter, the Fed examined the potential merits and drawbacks of CBDCs in an ever-digitalizing world.“The introduction of a CBDC can represent an important...

It looks like venture capitalist Tim Draper has positive sentiment towards the Libra cryptocurrency and its founder Mark Zuckerberg.Tim Draper Sticks Up for Mark ZuckerbergTim Draper has made a real name for himself in the crypto space. He won a huge chunk of Ross Ulbricht’s bitcoin stash in an auction in 2014 and has often offered huge praise for the digital asset. In addition, he has loaded the space with wild – yet intriguing – predictions, stating that the currency would reach the...

The team behind the popular privacy-oriented Brave browser found itself in the middle of a tweetstorm after it became public that the browser autocompletes verbatim in its address bar to add an affiliate code from which the company generates income.The Affiliate BrowserA popular cryptocurrency commentator took it to Twitter to reveal that the Brave browser has been automatically completing certain domains to add a referral code.So when you are using the @brave browser and type in...

Anybody expecting a big surge in bitcoin will probably have to wait considerably longer, say many analysts.Bitcoin May Stay As It Is for a WhileAt the time of writing, the world’s number one digital currency by market cap has dropped to about $9,600, roughly $100 less than where it stood just 24 hours ago. The halving took place just under a month ago, and many saw the currency reaching new peaks a few weeks or even a few days after this was slated to occur.Sadly, this isn’t quite the case....

Recently emerged public documents indicate that the largest US-based cryptocurrency exchange –Coinbase – plans to sell blockchain analytics software to two US government agencies.At the same time, a Twitter poll suggests that almost 50% of participants would delete their Coinbase accounts.Coinbase To Sell Analytic Software To Government Agencies?The public records link the popular cryptocurrency exchange with the Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS)....

The bitcoin price has stabilized somewhat over the past few days, but it looks like in many ways, the world’s number one digital asset by market cap is still enduring a struggle.Bitcoin Has to Reach the Five-Figure RangeThis seems to be the sentiment of most crypto analysts, who claim that $10K appears to be one of the biggest hurdles for the coin. The mark is proving to be a heavy resistance point for the currency, as the asset initially rose above this mark about 72 hours ago only to fall...