Tag Archives: Cryptocurrency News

XRP was performing better Bitcoin and the rest of the top rivals on Monday as investors/speculators anticipated bullish outcomes from an upcoming Ripple event. XRP price leads the cryptocurrency market’s gains on Monday | Source: TradingView.com, CoinbaseThe third-largest cryptocurrency by market capitalization established an intraday high of $0.2936 as of 0616 GMT. The move uphill brought its daily gains up by 5.73 percent, as calculated from the opening price. At the same time, XRP stole...

In a recent interview on Anthony Pompliano’s Off The Chain podcast, Brad Garlinghouse, the CEO of Ripple, provided unprepared answers to questions sourced from crypto Twitter regarding the operations of Ripple and XRP, Ripple’s XRP sales, and the cryptocurrency ecosystem broadly. Garlinghouse recounts discovering Bitcoin and cryptocurrency while attending the Dialog conference – a two-day “thought retreat“ organized by Peter Thiel and Auren Hoffman, in 2012. Despite subsequently investing...

Bitcoin’s status as an uncorrelated asset is about to be revoked, as a scarily close relationship to the price of avocados implies that the digital currency may be about to fall off a cliff. The Bitcoin-Avocado Connection Bitcoin’s performance of late has left a little to be desired, and strangely so has the price of avocados. This relationship was pointed out in a profoundly insightful tweet by Bloomberg’s financial Journalist, Tracy Alloway. A graph depicting the price of Hass avocados...

It’s safe to come out now, says Andreas Antonopoulos, the threat posed to bitcoin by Google’s newfound “quantum supremacy” is “zip, bupkis nada.” In one of his typical Q&A sessions, blockchain expert and author, Antonopoulos shared his thoughts on the supposed jeopardy BTC faces from Google. Spoiler alert: he isn’t concerned. According to Antonopoulos, Google’s quantum prowess focuses on a range of issues, and deciphering cryptography is not among them. “What is the effect on mining and...

The Russian Central Bank has never been a fan of cryptocurrencies. Central bank governor Elvira Nabiullina has adopted a hardline stance against cryptocurrencies in Russia, so her latest statement regarding the fate of a national cryptocurrency in the country doesn’t come across as a surprise. Russian central bank head disses cryptocurrencies, again Russian news outlet Tass reports that Nabiullina doesn’t think that Russia needs a national cryptocurrency. The agency quoted the central...

French company Keplerk has confirmed that consumers will once again be able to buy Bitcoin at one of more than 5200 tobacconists countrywide. Buy €50, €100 or €250 worth of Bitcoin at your local French tobacconist | Source: TwitterAccording to a press release, customers can only purchase Bitcoin coupons in flavors of €50, €100, or €250. Cryptocurrency remains a technical beast for many French citizens who have little knowledge about digital wallets, keys, or exchanges. And although...

In what can only be described as a virtual slap in the face, the Chinese mobile payment platform, Alipay, strongly rebuked bitcoin exchange giant Binance for attempting to implement Alipay as a fiat on-ramp. Did Alipay Reverse Its Bitcoin Ban? New payment options for peer-to-peer (P2P) crypto trading on Binance’s mobile app came to fruition yesterday, as exchange boss Changpeng “CZ” Zhao emphatically unveiled the news on Twitter. The new function allows for mobile users to engage in P2P...

In an incredible and slightly confounding turn of events, Bakkt’s bitcoin Futures volume has soared as much as 796% to a new all-time high (ATH). This is a far cry from previous volumes and a bullish sign of revival for Bakkt following its lackluster beginnings. Launching some two weeks ago, Bakkt day one performance showcased a tepid day-one volume of just 72 BTC. Given the hype and anticipation around the launch, this left a lot to be desired. Since then, the daily volume has fluctuated...

It’s not every day that you see people reveal how much they make per hour on social media. It’s even more unusual for someone to post their hourly rate to the tune of thousands of dollars. Yesterday, we witnessed an atypical spectacle when crypto trader Tone Vays charged someone $2,400 or 0.3 BTC for an hour of his time. The widely-followed analyst shared on Twitter a screenshot of a conversation he had with someone on LinkedIn. In a tweet, Vays name-dropped Bill Gates and Elon Musk while...

For the first time since 2014, the Internal Revenue Service (IRS) has issued guidelines for calculating tax liabilities on hard forks; but it seems to raise more questions than it answers. The document attempts to explain how tax obligations arise from chain-splits; however, the IRS omitted guidance for those who do not wish to receive cryptocurrencies related to a hardfork. What the Fork? The IRS defines tax liabilities as arising as soon as the forked cryptocurrencies come into existence...