Crypto news

“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...

In what could turn out to be one of the most serious SIM-card hacks in history, someone has reportedly stolen $45 million worth of Bitcoin and Bitcoin Cash from a single whale investor.Hacker Gets Away With Reported $45 MillionAccording to a Reddit post from February 22nd, which is now deleted, an investor, who appears to be the founder of Dreamhost, Josh Jones, became the victim of an alleged SIM-swap attack.Popular industry commentator and founding partner at cryptocurrency asset fund...

Dow drops 280 points, stocks down thanks to coronavirus panic in the U.S. investors pour cash into treasuries and gold. Market analysts predict corporate and personal income fall in the next months. Favipiravir needs tests to cure coronavirus.Chinese people are fighting the virus in a closed source model and many people keep their concerns regarding the coronavirus spreading. The Dow Jones Industrial Average falls, and experts claim that stagnation is coming.COVID-19 is not as deadly as some...

The drama surrounding the alleged drug dealer who had to forfeit $57 million worth of Bitcoin continues. The Irishman has supposedly lost the private keys for all twelve accounts where he distributed all of his bitcoins. Thus, local authorities cannot access the funds.Not Your Keys, Not Your BitcoinThe Irish High Court ruled Clifton Collins to forfeit $56 million of Bitcoin assets a few days ago, as Cryptopotato reported. The Court decided that he purchased all coins with his drug profits....

Financial and monetary authorities in Japan are accelerating the process of creating their own digital currency. The Ministry of Finance, the Bank of Japan, and the Financial Services Agency have held an undisclosed number of meetings to establish a clear vision before eventually launching a central bank digital currency (CBDC).Japan Prepares For A Bank-Backed CryptocurrencyA recent local report informs about the meetings held by the BOJ, the FSA, and the MOF. Per the document, the country’s...

On February 21, the Malta Financial Service Authority made an official post about the Binance exchange office address. The cryptocurrency market received a hit.A bunch of news media was referring to Binance as to ‘Malta-based exchange’. The fact is that nobody saw that office of Binance situated in Malta. Some crypto journalists like Cryptomedication were asking people in Telegram chats for months: Where is Binance’s office? So far, cryptocurrency enthusiasts had nothing to answer.Despite the...

Facebook’s potential upcoming global cryptocurrency project, Libra, has received positive news from Shopify. The Canadian multinational e-commerce giant announced today that it would join the Libra association to create a safe and accessible payment network.Shopify To Cooperate With LibraAlmost immediately after its announcement in mid-2019, Libra became a target of regulators across the world. While they were clamping down, Facebook’s cryptocurrency project quickly lost steam. Even though...

Bitcoin has been experiencing heightened volatility over the past few weeks, and it’s likely due to the reemergence of whales according to one source.The Whales Are Back in the PictureBitcoin whales are individuals who house several million dollars-worth of cryptocurrencies in their digital wallets. Often, they possess so much in a single account that the slightest maneuver of money could potentially cause the entire industry to suffer a shift of some kind. Usually, the cryptocurrency...