Tag Archives: Cryptocurrency News

SEC Chairman Jay Clayton suggests that a bitcoin ETF may be approved once price-manipulation concerns are addressed. | Source: REUTERS / Brendan McDermidSEC Chairman Jay Clayton says the agency is inching closer to finally approving a bitcoin ETF. However, he warns that more work needs to be done to deter price manipulation and ensure a transparent market.Clayton made the assertions during a CNBC interview with Bob Pisani (video below). Pisani asked if we're any closer to seeing a bitcoin...

Bakkt CEO Adam White said that his firm's "Bitcoin Warehouse" will be revolutionary "like the...ATM." | Source: ShutterstockLast week, Bakkt opened its "Bitcoin Warehouse" for the storage of customer deposits and withdrawals ahead of its Bitcoin Daily & Monthly Futures launch later this month. Now, Bakkt CEO Adam White is waxing poetic about the revolutionary effect he expects it to have on the financial industry when it goes live on September 23.Today our Warehouse opens for customer...

When crypto giant Ripple sent 100 million XRP to Jed McCaleb, the transaction did more than just make its long-departed co-founder $26 million richer. | Source: ShutterstockWhen crypto giant Ripple sent 100 million XRP to Jed McCaleb over the weekend, the transaction did more than just make the project's long-departed co-founder $26 million richer. It also sent the so-called "XRP Army" into a tizzy.Why Ripple Is Paying XRP to a Rival Cryptocurrency's FounderMcCaleb, who had a messy breakup...

Bitcoin price makes a retreat on Sunday's trading. | Source: ShutterstockThe bitcoin price dropped from $10,968 to $10,252 over the weekend within a two-day span by more than six percent against the U.S. dollar.Bitcoin price dropped by more than six percent since weekly high at over $10,900 (source: coinmarketcap.com)Previously, when the bitcoin price initially made its way to $10,900, a level that has been considered to be a heavy line of resistance since early August, some technical...

An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: ShutterstockMany armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the widely-followed analyst cryptoamd is expecting the dominant cryptocurrency to dump below $10,000 and then be tapping resistance of $10,500. That’s the trader’s short-term...

Bitcoin price fell sharply on Saturday after failing to break beyond $11,000. | Source: ShutterstockThe bitcoin price abruptly dropped by more than five percent $10,949 to $10,204 in the past 24 hours at a point which technical analysts described as a critical moment for bitcoin.The bitcoin price has dropped by more than $500 overnight against the USD (source: coinmarketcap.com)As the bitcoin price initially made its way to $10,900, traders anticipated the dominant cryptocurrency to break...

Ransomware extortionists get counter-offered to zero. | Source: ShutterstockWhen ransomware attackers targeted the city of New Bedford, Massachusetts, two months ago demanding $5.3 million in Bitcoin, they must have felt very confident when turning down a counter-offer of $400,000 that the city presented. That feeling probably turned to regret soon thereafter as it has now emerged that the U.S. city did not bid up.According to Mayor Jon Mitchel, instead of offering more, the city decided to...

Bakkt picked a tough day to begin securing assets, but it's still been on bitcoin's highlight reel in 2019. | Source: ShutterstockBakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community's collective heads. Today the bitcoin futures exchange made one giant leap toward its official launch by opening up Bakkt Warehouse Custody, which is the arm of the business that will keep big investors' funds safe...

Bitcoin bull John McAfee wants to resolve his disagreement with the South China Zombie Research Centre over their "zombie ICO" partnership. | Source: REUTERS/Alexandre MeneghiniBitcoin bull John McAfee wants to resolve his dispute with the South China Zombie Research Centre over their "zombie ICO" partnership.China Zombie threatened to file a $100 million lawsuit against McAfee. In an angry tweetstorm, China Zombie claims McAfee trashed them in a white paper they had hired him to write to...

Binance Coin has surged twice as fast as any other cryptocurrency over the past year, including bitcoin. Here's why BNB is leading the pack. | Source: REUTERS / Darrin Zammit LupiBinance Coin suffered one of its worst losses this year on May 7th after hackers took off with 7,000 bitcoins. The heist cost cryptocurrency exchange giant Binance a total of $40 million.Four months later, it appears that everyone has forgotten about the security breach. Binance is just as popular as ever, and its...