Crypto news

BitcoinBitcoin may have only seen a small 2.5% price surge over the last week of trading, but it was action-packed. On Monday, it surged from $9,426 and managed to rise as high as $10,430 to re-test the 2020 high.Unfortunately, it was unable to keep itself above $10,000 and dropped lower during the week to land at the $9,426 support. It has since bounced higher as it trades at $9,668.Looking ahead, if the buyers continue, the first level of resistance to overcome lies at $9,815. This is...

Ethereum’s hash rate has increased by nearly 30% since the start of 2020 to the current levels of 187,369 GH/s suggesting that miners are becoming more involved before the impending launch of Ethereum 2.0.ETH Hash Rate Rises In 2020According to data from Etherscan, ETH’s hash rate started the year at approximately 147,405 GH/s. Almost immediately it increased by 10%, and since then it has continued with the same positive trend. At the time of this writing, the hash rate is at 187,369 GH/s,...

Bank Frick adds first stablecoin to its range of tradable and custodial crypto assets with USDC Europe’s leading blockchain bank is adding a stablecoin to its range of tradable and custodial crypto currencies for the first time. With immediate effect, Bank Frick offers professional market participants and wealthy private clients the trading and safekeeping of the USD Coin (USDC). Trading takes place within the fully regulated environment...

Legendary researcher and prominent figure in Bitcoin’s community, Sergio Demian Lerner, believes that Satoshi Nakamoto won’t ever use his bitcoins because of his altruistic intentions.Satoshi Won’t Use His CoinsSatoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to have mined 1.1 million BTC back when the network was first launched.A well-known researcher, Sergio Demian Lerner, who is also the designer of the second layer Bitcoin protocol RSK, discovered privacy flaws in...

Popular Lebanese-American essayist and economist, Nassim Nicholas Taleb, recently revealed that he has closed his Coinbase account. Taleb, who is also a former options trader and a risk analyst, complained that the US-based exchange was uncooperative in resolving some technical issues. Taleb Closes His Cloinbase Account Apart from being a well-known economist, Taleb is also the author of The Black Swan. It describes impossible-to-predict adverse events in all areas of life and how people...

Bitcoin cash price is following a bullish path above the $250 level against the US Dollar.The price is facing a major hurdle near the $268 and $270 levels.There is a major bullish trend line forming with support near $254 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to accelerate higher if there is a clear break above the $268 resistance zone.Bitcoin cash price is trading in an uptrend above $255 against the US Dollar. BCH/USD is likely to clear the...

The mystery surrounding the identity of bitcoin’s anonymous creator – Satoshi Nakamoto – continues, and now people have found a new candidate to point the finger at. According to many analysts within the space, bitcoin’s inventor is allegedly a man named Adam Back.Is Adam Back the Creator of BTC?Last month, a YouTube channel known as “Barely Sociable” – which enjoys more than 400,000 subscribers at press time – released a video that was approximately 40 minutes long. This video claimed that...

Akon City, the futuristic city to run on renewable energy and the Akoin cryptocurrency, has awarded a $6 billion contract to KE International. Announced by the famous singer and producer Akon, the city should have its first two phases finished by 2029.Akon City Awards $6 Billion ContractWhile most community members regarded the rumors about the futuristic-cryptocurrency themed Akon City initially as somewhat sarcastic, Akon himself made it official after finalizing the agreement earlier this...

MV Index Solutions GmbH (MVIS) has joined hands with Crypto Compare – a digital asset data firm – to launch a new index that will offer an hourly, updated bitcoin price in USD.Crypto Compare Launches New BTC-Monitoring ToolTraders and investors in the crypto space should know by now that bitcoin, while popular and significant, is among the most volatile assets around. Just yesterday, the currency rose to $10,100 after trading at $9,500 for a few days – only to come crashing down and lose...

Bitfinex has responded to the latest amendments in the ongoing class-action lawsuit leveled against Bitfinex and Tether, calling the entire case, “baseless.”Bitfinex/Tether Denounce “Baseless” LawsuitGeneral Counsel for Bitfinex, Stuart Hoegner, labeled the lawsuit an “unproven conspiracy theory.” He said in an official company announcement on June 4:“The plaintiffs’ allegations remain untethered to either the facts or the law. They conflate perceived correlation with causation in an effort...