Crypto news

Darn it, bitcoin was doing so well as of late! Now it looks like the world’s number one cryptocurrency by market cap has taken another nosedive.Bitcoin Has Fallen Into Oblivion… AgainAt the time of writing, bitcoin has fallen by roughly $500 in the past 24 hours. Just yesterday, the currency was trading as high as $6,700, but now it has seemingly fallen to as low as $6,250. That’s a slip of roughly seven percent. What could have caused such a dramatic fall in such a short period?While it’s...

As Congress went back and forth regarding the latest $2 trillion stimulus package designed to help America out during these strenuous times, many lawmakers suggested the idea of a digital dollar to potentially get things moving in the right direction.The Digital Dollar Has Failed… Or Has It?The digital dollar would have been an extension of USD. Instead of receiving paper checks in the mail, American citizens would instead receive digital funds as a means of ensuring that they did not handle...

The development funding state of Bitcoin Core is at a healthy level, according to a report compiled by BitMEX Research. They came to this conclusion by examining the leading organizations and individuals funding open-source Bitcoin and Lightning development.A Healthy Funding State of Open-Source BTC DevelopmentThe BitMEX research team based the report on publicly available information and speaking to specific individuals, who were willing to share their details. Thus, they concluded which...

A new fraud involving Bitcoin QR code generators has seen more than $45,000 worth of BTC stolen from victims in the last month alone. At least nine websites deceived users into entering their Bitcoin addresses and converting them into a QR code image, which ultimately sent the coins into the scammer’s account.Beware: Bitcoin QR Code ScamsGenerally, Bitcoin QR codes replace the lengthy BTC addresses consisting of numbers and letters. By sharing the code, users can request a payment from...

Ethereum continues to struggle as it remains beneath $130 today with a small decline.The cryptocurrency fell below the ascending triangle consolidation pattern, bringing in another bearish scenario for ETH.Against Bitcoin, Ethereum managed to rebound from support at 0.0201 BTC to climb back above 0.021 BTC.Key Support & Resistance LevelsETH/USD:Support: $128, $120, $110.Resistance: $135, $140, $150.ETH/BTC:Support: 0.021 BTC, 0.0201 BTC, 0.0196 BTC.Resistance: 0.0215 BTC, 0.022 BTC,...

Dan Morehead CEO & Co-Chief Investment Officer of Pantera Capital, a crypto hedge fund, says the Bitcoin price is set to surge during this economic crisis. In fact, Morehead predicts the Bitcoin price could reach a new all-time high within 12 months. That would be a truly astonishing turn of events, but not entirely out of the cards.The Great Recession and 2008 financial crisis gave rise to Bitcoin in the first place. After watching the financial system critically fail, some computer...

From the beginning of its inception, Bitcoin was worth cents but had indestructible inner value. In the darkest days of humanity, only rare things will have value. Bitcoin and other cryptocurrencies can become the vaccine from the financial crisis.Due to the coronavirus attack and democracy constant fail across the globe, banks now can dump your data to anyone. The corporations and governments are taking away more rights under the cover of safety measures. However, total exposure to social...

It seems that Samsung range of smartphones might be the first of many to hit the market in the years to come owing, among other things, to blockchain and crypto adoption by the company.For some time, competition between tech giants has been predominantly focused on smartphone specifications and improving features such as camera specs, screen size, and resolutions. However, Korean technology giants Samsung, the creators of the Galaxy smartphone range could potentially become one of the most...

The Singapore-based blockchain company, Algorand Foundation, has launched an application called IReport-Covid to help the fight against the novel COVID-19. Users can fulfill a survey, which will soon be publicly posted on the Algorand blockchain to ensure free and constant access.Blockchain App Against COVID-19At the time of this writing, the number of confirmed coronavirus cases is exceeding 600,000. The death tolls are close to 30,000, and the effects are not slowing down. In attempts to...

It’s been reported by some analysts that bitcoin demand is likely to go up in the coming weeks due to the current economic and market conditions, though some sources claim the opposite, and believe there will be a stronger desire for traditional financial services and institutions.Some Want Tradition Over BitcoinDuring the last few weeks, several traders sold off their bitcoin and crypto stashes along with their stocks, metals and other assets as a means of attaining cash. During times of...