Crypto news

It has been almost two weeks since the Trinity wallet attack, which has seen IOTA’s transaction coordinator halted.The fiat on-ramp was exploited by a hacker who leveraged the vulnerability to access IOTA’s Trinity wallet software, which was integrated with MoonPay. From there, funds were stolen from Trinity wallet users, with total losses believed to total around $2 million.Until the IOTA Foundation announced that it had been forced to pause the network in the wake of the hack, MoonPay was a...

Bitcoin’s total supply gets distributed among more addresses as its network matures over time. At the same time, some notable altcoins have up to 95% of their total supply held by several large addresses.This information came from a report gathered by the popular monitoring resource – coinmetrics. By examining numerous variables of data, the paper outlines the wealth distribution of some popular cryptocurrencies.BitcoinNaturally, the report begins with the largest cryptocurrency by market...

XRP increased by a small 3% over the past 24 hours as it rebounded at $0.27 to climb back above $0.28.This price increase is driven by Bitcoin making its way back toward $10,000.Against Bitcoin, XRP reversed at 2820 SAT as it battles to climb back above the 100-days EMA.Key Support & Resistance LevelsXRP/USD:Support: $0.27, $0.265, $0.26.Resistance: $0.289, $0.3, $0.31.XRP/BTC:Support: 2800 SAT, 2710 SAT, 2650 SAT.Resistance: 2900 SAT, 3000 SAT, 3115 SAT.XRP/USD: Ripple Reverses At $0.27...

Proof of Keys was a concept first introduced by Satoshi Nakamoto, the legendary figure behind the birth of bitcoin, but it’s now being promoted further by the likes of Trace Mayer, the host of the “Bitcoin Knowledge” podcast.Mayer: Proof of Keys Is What Keeps BTC in the Hands of the PeopleFirst discussed when bitcoin was released to the public over ten years ago, the concept behind proof of keys involves getting rid of all the trust issues in the monetary space by having people interested in...

Square is utilizing the new video-sharing app Tik Tok to spread the word to young people about bitcoin and cryptocurrency.Square and Tik Tok Work to Make BTC MainstreamSquare is run by Twitter CEO Jack Dorsey, who has always been a huge advocate of BTC. In the past, Dorsey has stated that bitcoin could become the world’s “single” cryptocurrency, and in 2018, stated that this was likely to be the case within a period of ten years.He has also commented that bitcoin is on the verge of becoming...

Imagine you run an illegal business in which people pay for your marijuana with bitcoin and other forms of crypto. Where would you hide all that money? Where would you put it?Marijuana and Bitcoin Don’t Always Go TogetherClifton Collins in Ireland recently found himself facing this dilemma. Collins garnered as much as 55 million pounds in bitcoin units from an illegal cannabis business he had been running for as long as 15 years. All these bitcoins came with specific codes that would allow...

Famous American entrepreneur and cryptocurrency proponent, John McAfee, recently spoke of the implementation of privacy coins. He believes that criminals are using them because of their technological value, and authorities cannot keep up.Privacy Coins Used By Criminals: McAfeeAside from being a successful businessman, John McAfee is also a well-known Bitcoin proponent. Until recently, at least, when he changed his stance towards the largest cryptocurrency. He went from a bold $1 million...

“All the Banks Are Broke,” and they’ve only got worse. Quantitative easing forever? The threat of cryptocurrencies will disrupt the financial sector.  A video from 2013 depicting a European minister’s tirade against the global banking system has recently re-emerged and gone viral. Gaining massive traction within the crypto community, the speech is now more relevant than ever — and central banks know it. “All the Banks Are Broke” Within an impassioned speech, British politician and former...

Elon Musk’s SpaceX is going to raise an impressive sum of $250 million. It will help to add around $3 billion to the company’s valuation and bring it to the level of $36 billion.SpaceX is seeking to raise $250 million. The new funds sought reportedly will be valued at $220 per share. Sources indicate that this new valuation after raising funds would be at $36 billion. This will be an increase from $33.3 billion. The funding round is expected to close in the second week of the next month....

Etheruem has seen a sharp 8% price fall over the past week, bringing the price for the coin down to $260.The cryptocurrency was unable to break resistance at $285, causing it to roll over and drop.ETH also declined against BTC after failing to overcome resistance at 0.0278 BTC.Key Support & Resistance LevelsETH/USD:Support: $255, $250, $235.Resistance: $270, $285, $290.ETH/BTC:Support: 0.026 BTC, 0.0256 BTC, 0.025 BTC.Resistance: 0.0278 BTC, 0.0288 BTC, 0.030 BTC .ETH/USD: Ethereum...