Crypto news

It’s funny that someone who’s so rich wouldn’t know anything about bitcoin or cryptocurrency, but that seems to be the case for bestselling author J.K. Rowling, who’s won multiple awards and garnered worldwide fame for her Harry Potter book series.J.K. Rowling Doesn’t Understand BitcoinRowling has a net worth of approximately $1 billion, which means she’s a wealthy person. The author has sold more than 500 million books across the world, primarily from her Harry Potter series. These books...

Zcash (ZEC) was recently the subject of a research paper which aimed to explore the extent to which the privacy coin is used for illicit or criminal purposes.Funded by Electric Coin Co.(ECC), the company behind Zcash, the analysis carried out by the RAND Corporation and concluded that Zcash was not regularly used for illegal means.However, the critical findings offered up by RAND Corp are non-committal, vague, and incredibly illogical in light of Zcash’s status as an apparently untraceable...

According to a new study, the assents under management (AUM) of cryptocurrency-focused hedge funds had doubled in 2019 compared to 2018.Despite some challenges in the field, Bitcoin remains the most frequently traded digital asset, with Ethereum and Ripple following.Institutional Investors Come For CryptoAccording to the report citing the survey compiled by PwC and the digital asset investment company Elwood Asset Management Services Ltd, cryptocurrency funds have increased their AUM to more...

XTZ is facing resistance at $2.7, and it could resume its uptrend if this price level breaks up.The price is currently sitting at the 27000 SAT support area after forming a lower high around 28000 SAT against Bitcoin.Tezos could start decreasing if the price drops below the current holding support.XTZ/USD: Tezos Facing Crucial Resistance Line Key Resistance Levels: $2.7, $2.89, $3.07Key Support Levels: $2.375, $2.06, $1.88XTZ/USD. Source: TradingViewSince our previous analysis, Tezos has...

Ethereum increased by 2.5% over the past 24 hours, and it reclaimed the $200 level again.The cryptocurrency previously rebounded from a rising trend line, which allowed it to get over the $200 level this week.Against Bitcoin, ETH managed to rebound from the 0.021 BTC support to reach 0.0213 BTC.Key Support & Resistance LevelsETH/USD:Support: $200, $187, $180.Resistance: $211, $220, $225.ETH/BTC:Support: 0.021 BTC, 0.0208 BTC, 0.02 BTC.Resistance: 0.022 BTC, 0.0225 BTC, 0.023 BTC.ETH/USD:...

[PRESS RELEASE – Please read disclaimer]The Quppy contactless payment app now supports mobile phone recharges in over 140 countriesQuppy, a three-year-old European fintech project, has integrated instant mobile phone top-ups in over 140 countries. Recharging your mobile phone and those of your relatives and friends has never been that easy and fast. You simply have to fill in the number or chose it from your contact list and state the exact recharge amount.The Quppy Team has decided to...

The popular entrepreneur and billionaire Elon Musk recently revealed how much BTC he holds. In a Twitter thread initiated by Harry Potter’s author, J.K. Rowling, that quickly went viral, Tesla’s CEO chipped in, saying exactly how much of the cryptocurrency he owns.Elon Musk Owns 0.25 BTCFriday was undoubtedly a big day for Crypto Twitter. The author of Harry Potter, J.K. Rowling, asked the community to explain Bitcoin to her.A number of influential individuals, including Binance CEO Changpeng...

Following the official halting of Telegram’s TON blockchain project, Co-founder of Qiwi Group Sergey Solonin has decided to loan his $17 million investment back to the company, according to a recent report by Forbes RU.$17 Million Investment Stays In TelegramThe past several weeks have been particularly challenging for Telegram’s blockchain project called TON. Firstly, the prolonged legal battles with US authorities led to missing the April 30th, 2020, deadline to launch the network and to...

Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets.The New Chinese Threat: WOTOKENAccording to local reports, the trial began on May 14th in the People’s Court of Binhai Country, Yancheng City, against six defendants allegedly operating the WOTOKEN project. More specifically, the...

The Libra Association has added another member to its long list of governing firms. This time, the addition comes in the form of Temasek Holdings Pvt. Ld. In Singapore. The company is a state-owned investment firm and will assist in all future decision-making when it comes to Facebook’s official currency.Libra Sees Temasek Join UpIn a statement, the Association explains:Temasek, a global investment company headquartered in Singapore, brings a differentiated position as an Asia-focused...