Crypto news

Bitcoin is better than the banking system for a ton of reasons. You go to your neighborhood ATM to take out money that belongs to you, but the bank that has kept your deposit to disperse loans charges you a fee for using the ATM. And that fee has only increased with time: In the midst of all of this greediness of the banking system, cryptocurrencies such as bitcoin are our only ray of hope. Banks have become greedier The establishment might shun bitcoin for being an unregulated and...

The bitcoin price fell below $8,000 during a low volume weekend as traders foresee a steeper drop to lower support levels. When the bitcoin price was initially hovering at around $8,500 following a strong recovery, technical analysts anticipated a rebound to the $9,000 area. However, subsequent to a noticeable dip in volume, the bitcoin price failed to demonstrate a short term trend reversal to the upside. Sub $7,000 possible for Bitcoin says trader According to a cryptocurrency technical...

FeaturedCEO of BiKi.com Southeast Asia, Ethan Ng, has been invited to speak alongside industry specialists at the prestigious Codex World’s Top 50 Innovators in London. This year, speakers include top specialists from NASA, Oracle, and IBM. Presently leading the progressive trading platform in its globalization efforts, Ng will provide the following exclusive insights into the crypto space.The Crypto WinterIn 1998, Nick Szabo theorized about “Bit Gold,” a digital currency that requires proof...

Cryptocurrency exchange Bitfinex announced on Saturday, Oct 5, that it expects to be prosecuted by an unknown party in a ‘meritless and mercenary lawsuit’. The Hong Kong-based exchange which has been embroiled in a number of controversies apparently got wind of a damning report and is looking to quell any negative press ahead of its publishing. “Bitfinex is aware of an unpublished and non-peer reviewed paper falsely positing that Tether issuances are responsible for manipulating the...

The past days had been boring for the crypto traders, whereas the price of Bitcoin is ‘stuck’ between a tight range of $8,000 to $8,400.However, Bitcoin just plunged below $8K one more time, marking $7920 as the current daily low (Bitstamp). What does it mean? Is Bitcoin finally leaving the significant $8K support area searching for new lows?By looking at the declining daily volume candles, together with the steady but stable recent Bitcoin price action, we can assume that a stronger move...

Freelanex, a next generation blockchain focused on empowering freelancers globally, has officially announced an upcoming IEO that will take place during two rounds from October 10 through November 14th on P2PB2B and Shortex.Freelanex is unique as it is looking to build one of the most robust ecosystems for freelancers and employers, with a full-service approach. Using smart contracts, a trustless system will be put in place to ensure contracts are honored and terms are met. Employee...

BitMax.io, an industry leading digital asset trading platform, announced that there has been significant misrepresentation of facts and allegations against BitMax.io and its team in the follow-up to its delisting decision of DeepCloud AI (DEEP). This announcement is intended to help users to gain full transparency in the accuracy and completeness of key facts around this matter.First, DEEP project provided false information to both BitMax.io and investor communities regarding private /...

Tom Lee of Fundstrat fame is back in the news again. This time, he’s explaining why institutional players have been so reluctant to get involved in digital assets.Lee: Crypto’s Not Big Enough for InstitutionsIn a recent interview, Tom Lee explains:There’s a mechanical issue for crypto in terms of infrastructure that’s needed, but there’s probably also a size of market issue.He believes that cryptocurrency might be “too small” for institutional players, who are used to investing in major...

Despite the recent turn of events, despite bitcoin once again falling into the $8,000 range, the currency is still 2019’s best performing asset according to a new report.Bitcoin Is Still at the Top of Its GameThe currency shocked enthusiasts this April when it spiked to the $5,000 range. Many traders and investors thought that day would never come. After all, 2018 had been filled to the brim with humiliating losses that ultimately caused the coin to lose more than 70 percent of its overall...

Apple CEO Tim Cook doesn’t appear to be a fan of Libra… or Facebook, for that matter.Tim Cook: Only Countries Should Be in Control of CurrenciesWhile he didn’t single the two enterprises out specifically, he did speak out against companies that were looking to “create their own currencies.” At press time, all one can really think about is Facebook’s venture into the crypto space through its new coin Libra, which has enjoyed a mixed reception since the beginning of the year when it was first...