Crypto news

UK’s Revenue and Customs agency is ready to invest up to $130,000 towards the development and implementation of a new “cryptoanalysis” tool. According to a recent report, the United Kingdom’s tax authority, HM Revenue and Customs (HMRC) is looking for, “vendors to showcase their capabilities by demonstrating their expertise in the field of crypto-asset tracing.”The new software tool will be used to help the tax authority trace several types of cryptocurrency transactions, which are stored...

Despite moving in the opposite direction, Ripple’s XRP maintains channel pattern across its trading pairs.XRP is bullish against the US Dollar but waiting to make or break the channel.Against Bitcoin, XRP is losing momentum as the 2512SAT level is under bearish threat.XRP/USD: XRP Finds Slight Support At $0.23, Can This Level Hold?Key Support Levels: $0.21, $0.20, $0.186Key Resistance Levels: $0.251, $0.26, $0.28Starting with a positive move in the year 2020, XRP has witnessed a significant...

Yesterday, SpaceX CEO Elon Musk made a very important announcement. According to the CEO, SpaceX will be able to send NASA astronauts to space sometime before the first half of 2020 is over. After concluding a successful test of the Crew Dragon capsule, Musk spoke to the press about the mission. But as plans move forward, the unanswered question on the minds of most is, will 2020 be the year for SpaceX IPO?Watch live as SpaceX tests Crew Dragon’s in-flight launch escape capabilities...

Despite many criticisms against Segregated Witness (Segwit) since its implementation in 2017, the Bitcoin scaling solution continues to see an increased number of bitcoin transactions over the years. Segwit Sees Serious IncreasesData from Segwit.space, a platform that monitors the adoption of Segwit, revealed that it had achieved a new landmark as the transaction volume on the protocol now amounts to over 56% of all transactions on the Bitcoin network.SegWit Transactions. Source:...

For a brief period early yesterday morning, bitcoin was trading over the $9,000 mark. This is the first moment bitcoin has struck such territory in over two months.A Bitcoin Soft Fork Is ComingNow, however, the world’s number one cryptocurrency by market cap is trading for a measly $8,600. While this isn’t necessarily bad – especially when considering where the currency has traded before – it does mark a $400 drop for the digital asset in approximately 24 hours, and many are wondering if it’s...

Ever since the geopolitical tensions in the Middle East where top Iranian military commander Qassem Soleimani died, the incident is the main explainer for why gold reached six-year highs. Now when in the recent days the Swiss Franc is surging, Goldman Sachs Co-Head of Global Foreign Exchange Zach Pandl believes it could be because it may be being used as a proxy for gold. He says that CHF follows gold in terms of price swings. Pandl said that on Monday morning it was trading around...

Changpeng Zhao advocated for storing your crypto assets on a trusted centralized exchange after Peter Schiff lost access to his BTC holdings. Last year, Binance was hacked but the exchange covered all losses. There are still numerous reasons why you should store your own coins. Not your keys, not your coin. This is a phrase commonly tweeted by hardcore crypto investors. It means that if you don’t control the keys of the wallet, you don’t control the cryptocurrency....

The cryptocurrency market was particularly volatile in the last few weeks. Bitcoin SV stands tall today with a serious increase of over 20% in the past 24 hours alone. At the time of this writing, BSV trades at around $307.BSV has been on a rollercoaster throughout the past seven days. On January 15th, it reached a new all-time high of $413. At that time, news broke that Wright doesn’t have access to the private keys needed to access 1.1 million bitcoins, part of the popular Tulip Trusts....

Easily one of the world’s richest people, Bill Gates says charity is the best way to spend his money. According to the entrepreneur and philanthropist, there really is no better way to spend the amount of money a billionaire makes.In a recent CNBC report, Bill Gates says that figuring out the best way to spend a ton of wealth can be pretty challenging. The report suggests that this could be a lot more challenging than the benefit of being able to buy anything you want with the...

Oxfam International in a recent report has highlighted how deeply inequality affects the global economy. The charity says that the disparity in wealth distribution, especially as it relates to gender, is a huge problem. Oxfam also adds that this situation is worsening and needs to be curbed.Wealth DisparityThe report, called “Time To Care” exposes a few facts about the global economy. For example, 2019’s richest 2,153 people in the world were richer than the poorest 4.6 billion people...