Tag Archives: Cryptocurrency News

Binance CEO CZ has retracted accusations that a sudden 3% flash crash was deliberately and maliciously executed by a market maker. | Credit: Shutterstock.com Earlier today, Binance’s futures platform suffered a flash crash of nearly 3 percent in a matter of just seconds. Initially, Binance CEO Changpeng Zhou (CZ) took to Twitter to announce that the flash crash had...

Many claim that bitcoin is the "new gold." However, BTC is not correlated with any asset, including gold. Hence, it's a good hedge. | Source: Shutterstock The U.S.-China trade war, the Hong Kong protests, and now the attack on Saudi Arabian oil producer Aramco – these events add more pressure to financial and commodity markets that already look overextended; stocks...

A $10 billion wealth advisor predicts the next Fed rate cut will launch the bitcoin price to a new yearly high. There's just one problem. | Source: Jim WATSON / AFP (i), Jan von Uxkull-Gyllenband/Shutterstock (ii). Image Edited by CCN. The Federal Reserve will hold its next policy meeting tomorrow, and analysts predict that the US central bank will adopt its second...

Is Ripple decentralized or not? One expert weighs in. | Image: Shutterstock Ripple fans adamantly preach that the cryptocurrency runs on a decentralized network. A quick search of the term “Ripple Decentralized” on Twitter reveals hordes of accounts claiming that “The Standard” is decentralized in nature. Many are even ganging up in an attempt to prove their point....

PayPal's days of high-commission and conversion fees won't go on for long. | Source: BigTunaOnline/Shutterstock Facebook set the cat among the pigeons earlier this year when it revealed its cryptocurrency project – Libra. CEO Mark Zuckerberg scared the living daylights out of governments and private corporations alike with his ambitious project that aims to make...

China and the Philippines are working to uncover a cryptocurrency scam involving hundreds of Chinese nationals. | Image: Shutterstock 277 Chinese Nationals have been arrested following a raid led by the Philippine Bureau of Immigration in Pasig city on Sept. 11. Crypto Scam Targets Philippines Acting on a tip from China, the Philippines is investigating hundreds of...

Over two dozen central banks will question Facebook over its stablecoin crypto Libra in Switzerland today. | Source: Shutterstock Facebook is set to go through another round of extreme questioning as it goes ahead with the plans to launch its controversial cryptocurrency Libra. The tech giant will face representatives of twenty-six central banks, including the Federal...

The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. Trade Tosser Tweet | Source: TwitterWhile a quick short might be profitable now, one trader believes that the rally from $3,000 to almost...

Venezuelan President Nicolas Maduro is pushing for Petro adoption, but locals are buying bitcoin in record amounts. | Image: Shutterstock The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. According to Decrypt, Bank of...

A U.K.-based contemporary artist has just sold his best collection for 490 bitcoin. | Image: Shutterstock. United Kingdom-based contemporary artist, Lincoln Townley, has announced the sale of a 19-painting collection to a Singaporean investor in exchange for 490 bitcoin (BTC). Speaking with CCN, Townley stated that the deal was made when BTC was priced at...