Crypto news

The cryptocurrency markets have seen a turbulent couple of days after Bitcoin plummeted beneath its 3-month consolidation pattern, dropping as low as $8,345 and dragging the rest of the cryptocurrency market down with it. Binance Coin has suffered significantly after decreasing by a total of 30% over the past 7 days.BNB fell by another18% today and it currently sits at around $15.48. The market is trading at some strong support, but the magnitude of the recent move is hard to ignore and may...

ICOs were undoubtedly a hot trend back in 2017 and 2018 during the parabolic bull market and the subsequent selloff. Ever since then, their prominence has stalled and a recent report shows why that might be. Remarkably, 640 out of 2,000 reviewed ICOs haven’t added or written a single line of code in 2019, and in some cases, the lack of activity is even more alarming.ICO Projects Lie DormantA report from Coincodecap which looked at over 2,000 cryptocurrencies revealed that 32% of them hadn’t...

For the first time in the nation's history, United Kingdom police will auction off approximately $662,000 in criminally-confiscated bitcoin (BTC).The seized BTC will be auctioned off by Wilsons Auctions — starting Wednesday — on behalf of U.K. authorities. The Ireland-based auction house will reportedly sell all of the bitcoin to the highest bidders and has not set any reserves.The confiscated coins, themselves, were seized by the Eastern Region Special Operations Unit (ERSOU) from a criminal...

Fidel, a fintech startup based in the United Kingdom – which provides developers with a functional application programming interface (API) for building new offers on networks belonging to major card companies – has just successfully pulled in $18 million in its recently concluded Series A funding round.The funding round was led by two venture capital firms based in the U.S., QED Investors and Nyca Partners. Other participants include 500 Startups, Horizons Ventures, Commerce VC, Citi...

Photo: Marshal Lion Group / LinkedinMarshal Lion Group is a company that dared to transfer its achievements in fiat finance to the blockchain platform. The company has been operating since 2015 in the non-bank lending market. During this time, more than 10 thousand satisfied customers made up the company’s portfolio. But there could have been even more of them, if not the well-known problems: the need for guarantees, intermediaries, the involvement of third parties, lengthy coordination and...

The bitcoin price collapsed in the last 24 hours, shedding $1,500 in a dramatic selloff. The plunge hit altcoins even harder, wiping a total $38 billion off the cryptocurrency market capitalization. As panic spreads across the market, a little-known trading indicator called the ‘fear and greed index’ flashed red. At a reading of 15, it indicates ‘extreme fear’ in the cryptocurrency market - the lowest in more than a month. But to some investors, this signal might indicate a buying...

Boston Dynamics announced that it is introducing its first major market to the world for sale. The company has been talking since June about a public release of its Spot robot dog that was previously known as SpotMini. On September 24, the company published some highlights of what is to be expected from their latest project.The robot is not going on sale immediately but companies with good ideas and deep pockets can get one. Thus, the odds of spotting a Spot in the wild...

An American banking giant JPMorgan Chase & Co has decided to help poor American communities. With this purpose, the largest US bank will invest $25 million in FinTech start-ups that help Americans with a low level of income be more financially healthy.According to Karen Keogh, JPMorgan’s head of global philanthropy, this money will be spent on the development of products that could help people in communities like Harlem:“We’ve long believed that fintech coupled with in-person coaching and...

On the evening of Tuesday the 24th of September, Speaker of the United States House of Representatives, Nancy Pelosi, made a formal announcement of an official impeachment enquiry, opened against U.S. President Donald Trump. If the proceedings are successful and Trump gets impeached, he’ll be the third president impeached after Bill Clinton who was impeached in 1998 and Andrew Johnson, impeached in 1868. However, away from the politics and inner workings of the government, what could this...

Stockbroker, financial commentator, and gold proponent Peter Schiff’s disdain for bitcoin is well known. The gold bug hasn’t held back in his criticism of the flagship cryptocurrency, calling it a “Ponzi Scheme” earlier this year. He now seems to be taking sadistic pleasure as the price of bitcoin is crashing, and he is rubbing it into crypto bulls with a gloomy price forecast. Peter Schiff suggests that the bitcoin price rally is over According to Peter Schiff’s tweet, he believes that the...