Crypto news

The second-largest cryptocurrency, Ether (ETH) went through a sudden flash crash on popular exchange Poloniex. It saw its price dropping down with 20% in an instant, allowing those who had placed orders along the way to benefit from the quick recovery.ETH Flash-Crashed On PoloniexFlash-crashes tend to take place every now and then on the cryptocurrency market. Just now, Ether (ETH), the second-largest altcoin went through a sudden steep drop which saw its price being reduced by as much as 20%...

When will people learn that they shouldn’t be “mining on the job?” Unless you’re employed as a bitcoin miner, you should wait until you’re on your own time to engage in such activity.Mining Can Be a Tricky – and Sometimes Illegal – BusinessThat’s what one Russian engineer is learning this week. Denis Baykov, a worker at the Federal Nuclear Center in Sarov, has been fined roughly 450,000 rubles (about $7,000 USD) for utilizing a supercomputer inside the nuclear facility in which he works to...

The main net of Band Capital, a decentralized finance network, began on Monday, September 30, and customers will now have access to the startup’s new decentralized application Bit Swing, which offers bitcoin binary trading options.Band Capital Is Live for Crypto TradersThe company is backed by a venture capital firm known as Sequoia India, and this is interesting in that India has had a very mixed relationship with cryptocurrency. The nation has repeatedly banned activity surrounding crypto,...

Venezuela’s President Nicolas Maduro openly admitted that his policy is definitely pro-crypto – especially regarding Bitcoin and Ethereum. He said Venezuela’s government will use cryptocurrencies as a “method for free national and international payments.”Let’s not forget that the U.S. imposed sanctions that have largely isolated the country from the global financial system, causing one of the world’s most severe economic crises and forcing statesmen and executives to use a whole new network...

Bayern LB, one of Germany’s top banks, has published a report in strong support of bitcoin superseding gold, predicting a price of $90,000 per BTC post bitcoin’s halving in 2020. Within a report entitled, “Is bitcoin outshining gold?” the bank’s researchers delved into the stock-to-flow ratios of gold and bitcoin, specifically regarding the impact of reduced supply on asset value. The Stock-to-Flow Model A stock-to-flow (SF) ratio is an analytical method commonly used within commodities,...

The prevalence of underbanked people in the United States is a cause for concern. Currently, eight percent of 115 million households in the United States alone are underbanked or don’t have access to banking services such as checking accounts, savings, loans, or lines of credit. This prevalence is driven largely by high fees, inconvenience, and a distrust of traditional banking systems. While there’s no fast or easy solution to America’s underbanking issue, could cryptocurrency ATMs be the...

The People’s Bank of China (PoBC) announced they are nit against PayPal’s desire to acquire a 70% equity state in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.). With this step, Paypal is becoming the first international entity that will be offering its online payment solutions in China.GoPay mostly works as a provider of a number of payment products for various industries including cross-border commerce, aviation, tourism, etc.According to the information revealed by the company,...

German bank WEG is paving the way for retailers to begin accepting crypto payments in the year 2020.WEG Helps Institutions Say “Yes” to CryptoWEG Bank is owned by both the blockchain firms Nimiq and Token Pay, as well as by the Litecoin Foundation. In an interview, CEO Matthias von Hauff says that the establishment is beginning to accept applications from companies and businesses that are interested in accepting crypto in the future. He says:You don’t have to be a customer of the bank. All we...

We saw a week of action throughout the entire crypto market. Bitcoin’s price plunged, painting the entire market red. Of course, altcoins also plummeted against the USD but remained relatively stable against Bitcoin. The whole market seems to be under a lot of stress, at least according to the Fear & Greed Index:Wall Street, on the other hand, continues to rise as bond markets have seen significant drops. Despite predictions of a collapse in the capital markets, key indices keep on...

Après l’autoportrait de Delacroix et La Liberté guidant le peuple, le peintre muraliste Pascal Boyart revisite aujourd’hui le Radeau de La Méduse de Théodore Géricault pour en faire un hommage à Bitcoin. Pour qui est attentif à la forme du bateau qui arrive au loin, l’allégorie est transparente : Après la tempête de la crise financière les naufragés du système bancaire hèlent le nouveau paradigme qui...