Crypto news

There’s never a dull moment in crypto, as Bitcoin has once again shown that it is highly volatile. The leading coin, whose price has consolidated in the $8,000 region since late September and traded as low as $7,300 within the last three days, has made a bullish reversal, racing as high as $10,350 on Bitstamp in just one day.This came as a surprise to many, as some analysts had predicted a Bitcoin Death Cross, which was thought to portend a dip to $6,000 before a possible bull turn, but as...

The volatility in the cryptocurrency market has always been talked about. This week proved it once again with significant price actions. The price plunged several days ago to its lowest levels since May 2019, and just in the last 24 hours – a missile lunch, a skyrocket, there are no more words: Bitcoin sees over 40% daily increase (!).Just up until a week ago, Bitcoin price appeared to be ‘boring’ with only a few moves in each direction, trading for almost a month around the $8,000 region....

Bitcoin has had an extremely volatile week, a throwback to the frenzied trading the asset was previously associated with. The world’s largest cryptocurrency hit a 5-month low earlier this week. A massive rebound has seen nearly 30% gains overnight, pushing closer to $10,000. There’s a reason why HODL (hold on for dear life) is a popular trading strategy in cryptocurrency. Battle-tested crypto enthusiasts understand that the big money investors are out to get their bitcoin at dirt...

The following is proof that work hours should be devoted to work. Andrei Rybkin, a former Russian nuclear scientist, has been sentenced to three years in prison for mining bitcoin utilizing a plant’s computing power.Rybkin: Heading to JailAside from serving time behind bars, Rybkin will have to pay a fee of more than $3,000 (about 200,000 rubles) to court authorities. Sentenced on Thursday, Rybkin is one of three people that were potentially involved in an illegal mining network that...

Bitcoin prices which have been sliding for the past few days recovered slightly after President Xi Jinping was reported to have made statements that support the Chinese use and adoption of Blockchain technology. Sources indicate that the statements credited to the President of the World’s second-largest economy were first reported by Chinese media sources.Speaking on Thursday at the 8th collective study of the Political Bureau of the Central Committee in Beijing Xi said:“[We must] clarify the...

From now on, Binance cryptocurrency exchange will use 3Commas automation tools to leverage the two leading companies’ respective strengths across the cryptocurrency platform and facilitate transactions. The full functionality of 3Commas will be provided at no charge to all new Binance accounts registered directly from the 3Commas website.This is the first time in Binance history that an outside service has been entrusted with creating accounts, accepting deposits, and making withdrawals....

A lot of people don’t like Libra. We’ve already established that, but now Jack Dorsey – the CEO of both Square and Twitter and arguably as big a social media conglomerate as Mark Zuckerberg – is taking aim at the project, claiming that Libra isn’t even a cryptocurrency.Dorsey: We’ll Never Join with LibraOne social media CEO is attacking the other, and Dorsey – while speaking at a Twitter News Summit in New York City – explained that Libra could be just a “gimmick;” a false and phony project...

The bitcoin price zoomed higher on Friday, reversing its punishing losses from earlier in the week. Following a 14% rally, BTC now boasts a market cap of more than $150 billion. Some observers have connected the move to Chinese President Xi Jinping’s recent comments on blockchain. Despite a wave of bearish calls on social media in recent weeks, the bitcoin price is bucking the trend on Friday. The flagship cryptocurrency has skyrocketed back above $8,000 to set a two-week high at...

Over the years, Facebook has had more than its fair share of problems that revolve around the privacy and authenticity of the content found on its platform. There have been many cases of reported breaches causing private data of many of its users to fall into the hands of others, without the users’ consent. There have also been stories surrounding the dissemination of a lot of false or harmful information and even advertisements, on Facebook.On Wednesday, during a biting hearing for...

In the past, we’ve reported that AT&T has been the subject of lawsuits in that it allowed its employees to take part in SIM-swapping attempts, so hackers could gain access to potential cryptocurrency holders’ phones. A new case has emerged today that sees the phone company at the center of an $18 million lawsuit.AT&T Is at the Center of a Crypto Fight… AgainThe plaintiff is Seth Shapiro of Torrance, California. Shapiro describes himself as an “Emmy-winning media and technology...