When the Crypto Twitter community reacts, it does so in a big way. And when the guys from the Bitcoin neighborhood unite, there’s nothing to stop them, especially when it comes to criticizing traditional financial institutions —whether they’re crypto-friendly or not. If this seems hard to believe, ask PayPal, who had to deal with significant criticism after publishing something about Bitcoin that was not swallowed easily by the Crypto Twitter community. What PayPal Did In...
Read More »Bitcoin Breaks Above $16K For The First Time Since January 2018: The Crypto Weekly Market Update
Bitcoin is up by a total of around 5% this week. However, the most interesting part is that it finally broke above the coveted $16,000 mark for the first time since January 2018. This time, however, things are looking a lot more stable. BTC had a few attempts at $16,000 and managed to convincingly break through today. Ironically, it’s Friday the 13th so there goes the myth of bad things happening on this date. At the time of this writing, the price is trading at above $16,200...
Read More »Crypto Price Analysis & Overview November 13th: Bitcoin, Ethereum, Ripple, Chainlink & Cardano
Bitcoin Bitcoin saw another 4% price hike this week, which had it breaking above the $16,000 level to reach as high as $16,491 today. The coin has since dropped slightly to trade at $16,135 at the time of writing. Last week, the coin had surged into the $16,000 level, which caused it to roll over and drop into the $14,850 support last Saturday. Bitcoin managed to rebound higher from there as it started to climb on Sunday. The coin did not return to $16,000 until Wednesday,...
Read More »Hackers Demand Bitcoin Ransom Following New Wave of Attacks
A group of researchers has located a new type of ransomware attack called Pay2Key executed against several Israeli and European companies. The perpetrators have requested the ransom to be paid with bitcoins, which the researchers have followed the funds to an Iranian cryptocurrency exchange. A New Ransomware Attack On Israeli And European Firms The updated research from the cybersecurity company CheckPoint reveals several that firms based in Israel have complained about being...
Read More »Coinbase To Facilitate Bitcoin Payments For Select U.S. Passport Services
Bitcoin payments for passport services? You read that, right! In a first, a nearly 50-year-old U.S based passport and visa processing firm, Peninsula Visa, will now be accepting BTC for select passport services. Coinbase’s crypto payments arm, Coinbase Commerce, will be assisting the company in the same. Peninsula Visa Is Now Accepting Bitcoin For Passport Services In an official press release, Peninsula Visa announced its plan to integrate bitcoin payments for selected...
Read More »Bitcoin Dominance At a 5-Month High as Altcoins Take a Beating (Market Watch)
Bitcoin marches confidently towards new yearly highs while most alternative coins have failed in pursuit. Consequently, BTC’s dominance over the market has climbed above 65%. Red Dominates The Altcoins On a 24-hour scale, most alternative coins have either decreased in value or remained stagnant. Ethereum initiated a leg up towards $470, but the bears didn’t allow any further increases. In fact, they drove ETH’s price south, and the second-largest cryptocurrency struggles at...
Read More »PayPal Enables Eligible US Customers to Buy, Sell, and Store Bitcoin
The giant online payment processor announced yesterday that all “eligible PayPal account holders in the US can now buy, hold, and sell cryptocurrency directly with PayPal.” The update of the original statement reads that users can interact with digital assets from their PayPal application or through their desktop accounts. The cryptocurrency community remains split in its opinion-whether this is actually good for Bitcoin in the long run. From one side, people believe that...
Read More »Bitcoin Taps $16,500 as All-Time High Comes Into Play
During Friday morning’s Asia trading session, Bitcoin reached its highest price since January 2018 as it topped out at $16,490 according to Tradingview.com. The massive move has built upon November’s momentum adding a further 5% to the king of crypto over the past 24 hours. This week alone, BTC has made 7% and since the beginning of the month less than a fortnight ago, it has cranked 20% outperforming nearly every other traditional asset class. Chart – tradingview.comBTC...
Read More »Russia Seeks Imprisonment for Undeclared Bitcoin and Cryptocurrency Transactions
In the latest turn of events, the Russian Ministry of Finance has taken a harsh stance wrt cryptocurrency regulations. Crypto holders on not disclosing their digital assets (worth 45 million rubles or more) at least twice in a period of three years stand to face a jail term of up to three years. This, however, is an amendment from a previous version. Russian BTC And Crypto Holders Could Face Jail Term As per the latest update on Bitcoin and cryptocurrency regulation, Russia’s...
Read More »BitMEX To Enhance Its Trade Surveillance and AML Capabilities Following CFTC Fiasco
The popular Bitcoin derivatives exchange BitMEX has taken a step towards improving its trade surveillance and AML efficiency endeavors by collaborating with Eventus Systems. Founded in 2013, Eventus is a global provider of multi-asset trade surveillance and market risk solutions. BitMEX will integrate the cloud-based version of the Eventus Validus platform with its already existing processes in the upcoming weeks. As a result, the exchange will “be able to more efficiently...
Read More »