Crypto news

This week, Bitcoin saw a small correction from the previously seen bearish trend in November. The cryptocurrency managed to rise by a total of 7.67% to reach the current trading level of $7,768. Bitcoin has a long way to recover, and for this market to be considered bullish again, we would need to see the coin break above the November highs at $9,600. If Bitcoin was to drop back beneath $7,000, we could then consider the market as bearish. Bitcoin now faces initial resistance at $7,915. Above...

Update: Though it was informed by media that Coinbase which is one of the world’s largest cryptocurrency trading exchanges had acquired one of the most innovative digital assets brokerage firms Tagomi for the sum of $150 million, the exchange has denied this information.As Coinbase VP of communications Rachael Horwitz noted, all this news is “100% false.”Earlier sources indicated that a deal had already been in the works and it is only recently that both parties decided to finalize the...

The monthly Bitcoin Futures Contracts of CME Group are set to expire today, as it’s the last trading Friday of the month. With the recent volatility, the volume of BTC futures contracts has also been on the rise at CME, as it hits the highest number in the last month. Meanwhile, Bitcoin has been on the rise in the past 24 hours just before the contracts are about to expire.CME Group Bitcoin Futures To Expire TodayAccording to the contract specifications, the cash-settled Bitcoin Futures on...

Traders are bearish on bitcoin after a 53% retracement.There may be more pain on the horizon but HODLers shouldn’t get shaken out.Bitcoin touts unique features that make the cryptocurrency an attractive long-term investment.Bitcoin’s price has corrected by as much as 53% from the 2019 high of $13,880. Investor sentiment has turned extremely bearish. A few weeks ago, the idea of bitcoin trading at $5,000 was unthinkable. Today, many are calling for $5,000 to be the bottom of this downtrend. A...

The United States Patent and Trademark Office has awarded one of the most prominent crypto exchanges in the country, Coinbase, a patent that portrays a mechanized framework that identifies and detects non-compliant client accounts on the platform.Filed on Nov. 19, the patent describes the significant improvement made to improve the level of security as regards customer account authorization, thereby explicitly identify the ones associated with dealing in criminal behavior.Coinbase has been...

While it has been known for a while now that Germany has been all for national cryptocurrencies, Europe’s largest economy has made a step further by introducing a new law that will allow banks to hold cryptocurrency assets in their custody. Sources indicate that the German Bundestag (its Federal parliament) has passed a bill allowing banks to hold cryptocurrencies for their clients as custodians rather than using external custodians or subsidiaries which would have been specially created for...

New data demonstrates that Mexican XRP/peso trading volume on Mexico’s Bitso-based digital money exchange hit a record high this month.This expansion is because of the association between Ripple and MoneyGram, which shows that it is as of now moving around 10% of its Mexican peso currency exchange volume through Ripple’s XRP-based installment arrangement, known as ODL.Ripple’s dedication of $ 50 million in value financing for MoneyGram was at long last finished and a second $20 million...

IDAX’s many problems continue to stroke suspicion.The exchange finally admits “the truth”.Is this all a cover-up for an exit scam?In a story reminiscent of the QuadrigaCX scandal, crypto exchange platform, IDAX Global, has no idea where its CEO is, plus, he holds the exchange’s private keys… Oh boy, it’s been a pretty lousy week for crypto exchanges; first Upbit reveals a $50 million hack, and now it turns out that IDAX might be in trouble as well.IDAX: The Story So FarThese past few weeks...

Cryptocurrency is good in that transaction information is forever recorded on the blockchain in the public domain and therefore Bitcoin can be trusted. At the same time, there are no records about your transactions in the databases of banks and government organizations in order to increase Bitcoin Privacy. But in fact, anyone can track how much and what you spent your digital assets on, and then use this information to harm you.Danger of Blockchain TransparencyBitcoin seems to be initially...

First of all, Happy Thanksgiving y’all. Be thankful for your life, your family and, hopefully, your wallets. Hope you had a nice dinner and it prepared you for the Christmas holidays.  However, today is Black Friday and even though it should remind us on the awful things done to the slaves in the U.S. back in time, it should remind us that, except this should never happen again, we could use this date to do something good – for someone, or for us (‘cause you have to love yourself,...