Tag Archives: Cryptocurrency News

Venezuela’s President Nicolas Maduro has openly declared his regime’s love for cryptocurrencies like Bitcoin and Ethereum. The controversial politician on Tuesday said his government is using cryptocurrencies to access national and international payment infrastructure. He confirmed that Venezuela’s finance minister and central bank are close to introducing “new instruments.” It would give every Venezuelan access to “national and international payments through the central bank’s accounts.”...

Despite the recovery of the bitcoin price by $700 in the past 48 hours, traders like DonAlt expect a deeper correction in the short term. The bitcoin price dropped to the $7,000 region twice in the past week, dipping to as low as $7,688 on September 30. While bitcoin attempted to break above important support levels following its recovery to $8,500, it has not been able to sustain upside momentum. Deeper correction possible for bitcoin From its yearly high at around $14,000, a pullback to...

MMA fighter and crypto aficionado Ben Askren has poured fuel onto the flames of the ever-raging argument between bitcoin and gold. Askren recently created a Twitter poll asking one simple question: If you were given $10,000 gift that you couldn’t touch for a decade, what would you rather the gift in – gold, bitcoin, or U.S. Treasury bonds?  Surprisingly, the results came in nearly exactly apportioned, with bitcoin gaining 50%, gold 41%, and, perhaps more predictably, U.S. Treasury bonds...

Cryptocurrency investors were left holding the wrong coin after a mix-up over ticker symbols on the Binance DEX. But this simple ticker debacle inadvertently revealed some highly suspicious details about the listing process on the Binance DEX. UPX Ticker Mix-Up on Binance DEX The founders of uPlexa say the UPX ticker symbol is, and always has been, unique to their project. However, Binance DEX recently listed a token by the name of UDAP, which also uses the UPX ticker symbol. At least two...

September brought a painful reckoning to the cryptocurrency market, ushering in a brutal bitcoin price crash that wiped thousands of dollars – and months of progress – off the asset’s hard-fought recovery. To make matters worse, bitcoin’s terrifying technical picture is leading analysts to augur even sharper losses in the coming weeks, with longtime skeptics like Peter Schiff gleefully forecasting complete meltdowns. John McAfee: Watch Game of Thrones, Not Crypto Price Charts John McAfee...

The battle cry of the cryptocurrency industry has been one of decentralization, or one without any centralized authority. It is this distinguishing feature that sets the blockchain space apart from other sectors and cryptocurrencies like bitcoin from other assets. No central bank, bankers, or government controls it, and unless your Nouriel Roubini it’s hard not to appreciate this push toward democracy and decentralization. When the industry begins to compromise, that’s when the crypto...

Peter Schiff, the chief executive of Euro Pacific Capital and Chairman of Schiff Gold, is an outspoken bitcoin hater. His animosity against the top cryptocurrency can be traced as far back as June 21, 2011. In his very own radio show, Schiff fervently expressed how bitcoin had no intrinsic value. He said, Intrinsically, the bitcoin itself has no value. It only has value as a medium of exchange so long as people are willing to accept it. The talk show host then proceeded to emphasize the...

Amidst the crypto rout that has seen bitcoin hit three-month lows, the XRP price is swimming against the tide. In the last 24 hours, the no. 3 cryptocurrency has registered gains of 7%. Per CoinMarketCap, XRP has appreciated by roughly 7% to reach $0.2577 per coin, making it the biggest gainer among the top ten cryptocurrencies. XRP price chart. | Source: TradingViewDespite the jump, the XRP price is still below the monthly high of $0.3225 recorded on Sept. 18. The XRP price has also fallen...

Binance appears to be using its TRX stockpile to vote for itself as a TRON Super Representative and then scoop up the majority of the TRON block rewards. The TRONSCAN website reveals the No.1 TRON Super Representative (SR) to be Binance’s recently launched staking address. After launching mere days ago, the Binance address has already acquired 60% of all the votes in the TRON ecosystem. Just a few days after launching, Binance’s staking wallet has become the No.1 Super Representative on the...

Tech billionaire and Shark Tank personality Mark Cuban launched a savage takedown of bitcoin in a Wired video this weekend. He reeled off a list of well-trodden criticisms of the cryptocurrency, comparing it to baseball cards and slamming its ‘lack of intrinsic value.’ In a truly bizarre statement, he said he’d rather own bananas than bitcoin. Last time I checked, bananas weren’t the best-performing asset of the decade. Billionaire Mark Cuban: Bitcoin has ‘no intrinsic value’ Cuban began...