Tag Archives: btcusdt

The most widely used US-based cryptocurrency exchange Coinbase went down during Bitcoin’s latest surge above the $10,000 mark. After a few days of discontent from the community, the company recently published a statement claiming that the unusually high traffic prompted technical difficulties. Traffic Brings Down Coinbase As CryptoPotato reported recently, the US-based exchange went offline for nearly an hour when Bitcoin conquered the coveted $10k level. Unfortunately for Coinbase, this was...

According to an analysis by the popular blockchain data company Glassnode, Bitcoin miners are selling a lot less at the current price rate. While this might look like a positive sign at a glance, it might also suggest that the current rate simply doesn’t satisfy their profitability criteria.Bitcoin Miners Selling LessData from the well-known cryptocurrency monitoring resource Glassnode reveals that Bitcoin miners have been selling substantially less BTC at the current rates.In fact, after the...

Cryptocurrency intelligence company tracking crimes involving digital assets – CipherTrace – said in its latest report that crypto thefts, hacks, and frauds totaled $1.4 billion in the first five months of 2020.Cryptocurrency exchanges are becoming more aware of illegal funds coming from crimes and are implementing successful countermeasures, the firm added.$1.4B Worth Of Frauds In 2020 So FarAccording to the paper dubbed Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report, the...

June started very violently for Bitcoin. On the first day of the month of June, the primary cryptocurrency recorded a 3-month high after touching the $10,500 resistance mark.However, the drop was even quicker, as Bitcoin price saw a free-fall to $9135 on Bitstamp, and even lower on BitMEX exchange.Over the past days, the volatility had decreased, along with the declining amount of trading volume. Keeping in mind also the RSI indicator, which is also indecisive around the 50-neutral area.All...

To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw an insane amount of both short and long positions getting liquidated.Interestingly enough, all of this comes as the legacy markets are flying. The S&P 500 is up almost 6% this week alone, while Nasdaq 100...

Recently released court documents from the ongoing Ira Kleiman vs. Craig Wright trial reveal the self-proclaimed inventor of Bitcoin may also have invented an early prototype of the iPhone.In Craig Wright’s legal deposition from March 16, 2020 – released June 2 – the self-titled Satoshi Nakamoto told the opposition counsel he had used an iPhone as early as 2006. The trouble is, the first iPhone wasn’t released until June 2007.The line of questioning related to email correspondence between...

Ethereum’s hash rate has increased by nearly 30% since the start of 2020 to the current levels of 187,369 GH/s suggesting that miners are becoming more involved before the impending launch of Ethereum 2.0.ETH Hash Rate Rises In 2020According to data from Etherscan, ETH’s hash rate started the year at approximately 147,405 GH/s. Almost immediately it increased by 10%, and since then it has continued with the same positive trend. At the time of this writing, the hash rate is at 187,369 GH/s,...

Legendary researcher and prominent figure in Bitcoin’s community, Sergio Demian Lerner, believes that Satoshi Nakamoto won’t ever use his bitcoins because of his altruistic intentions.Satoshi Won’t Use His CoinsSatoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to have mined 1.1 million BTC back when the network was first launched.A well-known researcher, Sergio Demian Lerner, who is also the designer of the second layer Bitcoin protocol RSK, discovered privacy flaws in...

Popular Lebanese-American essayist and economist, Nassim Nicholas Taleb, recently revealed that he has closed his Coinbase account. Taleb, who is also a former options trader and a risk analyst, complained that the US-based exchange was uncooperative in resolving some technical issues. Taleb Closes His Cloinbase Account Apart from being a well-known economist, Taleb is also the author of The Black Swan. It describes impossible-to-predict adverse events in all areas of life and how people...

Akon City, the futuristic city to run on renewable energy and the Akoin cryptocurrency, has awarded a $6 billion contract to KE International. Announced by the famous singer and producer Akon, the city should have its first two phases finished by 2029.Akon City Awards $6 Billion ContractWhile most community members regarded the rumors about the futuristic-cryptocurrency themed Akon City initially as somewhat sarcastic, Akon himself made it official after finalizing the agreement earlier this...