Crypto news

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...

After losing $35 on Tuesday, Bitcoin Cash slowly bounced back to about $256.Against Bitcoin, it is trading nicely above 0.026 BTC following a recovery from a four-week low.The mid-term target for BCH lies at 495 if it successfully breaks above the crucial $280 level.BCH/USD: BCH Charging Towards Key Resistance AgainKey Support Levels: $266, $281, $352Key Resistance Levels: $235, $222, $200BCH/USD. Source: TradingViewFew minutes after our previous analysis on Tuesday, Bitcoin Cash lost almost...

According to the Russian-based cybersecurity firm Kaspersky, the first three months of 2020 have seen an increased number of cryptojacking of computers for cryptocurrency mining.A report from the company said that the highest percentage surge had been spotted in South-east Asia.Cryptojacking Attempts On The RiseThe term cryptojacking is used when an attacker gains unauthorized access to a computer or mobile device to mine (or mint) cryptocurrencies. Typically, the perpetrator plants a...

Cryptocurrency intelligence company tracking crimes involving digital assets – CipherTrace – said in its latest report that crypto thefts, hacks, and frauds totaled $1.4 billion in the first five months of 2020.Cryptocurrency exchanges are becoming more aware of illegal funds coming from crimes and are implementing successful countermeasures, the firm added.$1.4B Worth Of Frauds In 2020 So FarAccording to the paper dubbed Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report, the...

June started very violently for Bitcoin. On the first day of the month of June, the primary cryptocurrency recorded a 3-month high after touching the $10,500 resistance mark.However, the drop was even quicker, as Bitcoin price saw a free-fall to $9135 on Bitstamp, and even lower on BitMEX exchange.Over the past days, the volatility had decreased, along with the declining amount of trading volume. Keeping in mind also the RSI indicator, which is also indecisive around the 50-neutral area.All...

Poloniex exchange has announced Binance Coin (BNB) & Binance USD (BUSD) stablecoin to be available for trading on the veteran exchange.As of writing these lines, BNB & BUSD wallets are now open for deposits, and users can trade BNB/USDT, BNB/TRX, BUSD/USDT, BNB/BUSD, BTC/BUSD, and BTC/BNB. Notably, this will be the first BNB/TRX pair outside of Binance. Did anyone say Justin Sun?BUSD and BNB’s Rise In PopularityBUSD is a Price-stable, USD-pegged digital asset that was launched in...

Recently, it was reported that the bitcoin price briefly rose above $10K, only to lose about $600 just a few moments later. It appears this move has had monster-sized effect on BitMEX, a trading exchange based in Seychelles in Africa.BitMEX Sees Heavy Buy Liquidations Following the BTC SpikeThis move ultimately caused approximately $133 million of buy liquidations on the trading platform. This is the highest number since October of last year. Buy liquidations occur when those taking part in a...

Bloomberg is predicting that the rest of the year for bitcoin will be quite solid.Bloomberg: BTC Should Keep on SpikingThe publication has issued a report stating that something would need to go “really wrong” for bitcoin to come crashing down the way it did in 2018. While the world of bitcoin is always very up and down, and it’s nearly impossible to predict what will happen, exactly, Bloomberg is confident that the currency is going to reach new highs by the time 2020 is ready to say...