Tag Archives: Cryptocurrency News

China's state digital currency is coming. | Source: ShutterstockChina's incipient digital currency will apparently "bear similarities" to Facebook's own proposed cryptocurrency and is intended to protect China's 'monetary sovereignty', according to a superior within China's central bank.Relaying the several key attributes of China's new central bank digital currency (CBDC) Mu Changchun, deputy director of the People’s Bank of China’s payments department, elaborated upon the emerging...

Bitcoin price has gained this week but what's behind the move? | Source: ShutterstockThis week brought a small reprisal for bitcoin price and the broader cryptocurrency market as it witnessed $20 billion added to its total market cap by late Tuesday.This was also reflected by an approximate 10% gain for BTC alone; so what was behind the rise?Bitcoin price action this week | Source: TradingViewIn somewhat atypical fashion, the week started on a good note, with bitcoin swelling by $700....

Source: REUTERS / Alexandre Meneghini (i), Shutterstock (ii). Image Edited by CCN.A Chinese crypto project that allegedly paid 2020 U.S. presidential candidate John McAfee $4.5 million to promote the Initial License Offering (ILO) of its Zombie Coin has now threatened to sue the influencer for $100 million.According to the firm behind the CZcoin cryptocurrency project, South China Zombie Research Centre (SCZRC), the cryptocurrency influencer has reneged on the terms initially agreed upon....

The NSA has revealed plans to create a quantum resistant crypto. It's not the first time the agency has taken an interest in cryptocurrency. | Source: ShutterstockThe U.S. National Security Agency (NSA) is going from crypto surveillance to crypto creation. According to Bloomberg reporter William Turton, the agency is developing “quantum-resistant crypto.”Anne Neuberger, Director of NSA’s new Cybersecurity Directorate says that the agency will propose hardware and software standards again....

Bitcoin basher Mark Mobius raised concerns over the security promised by blockchain technology while calling it "a very high-risk situation." | Source: REUTERS / Danish Siddiqui (i), Shutterstock (ii). Image Edited by CCN.Mobius Capital Partners LLP founder and emerging markets fund manager Joseph Bernhard Mark Mobius has raised concerns over the security promised by blockchain technology — first made famous by Bitcoin (BTC) — while calling it "a very high-risk situation."Mark Mobius:...

The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: ShutterstockOver the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders are quick to notice the coin’s growing weakness.A pseudonymous trader named Escobar has closed short-term long positions. While doing so, the...

Bitcoin ticker symbol "BTC" saw a sudden spike in interest on Google, but could the search engine results be manipulated? And why? | Source: ShutterstockInterest for "BTC" has exploded to a new record on Google Trends as search results for bitcoin's ticker symbol skyrocket.The phenomenon started around August 30, when "BTC" searches suddenly went parabolic. As shown below, the search term is currently conferring a value of "100," denoting that it has reached peak popularity, based on partial...

The Hurricane Dorian relief effort has teamed up with an unlikely ally in the Bahamas: Bitcoin, along with a helping hand from Coinbase. | Source: Wikimedia Commons (i), AP Photo / Gillian Flaccus (ii). Image Edited by CCN.The Hurricane Dorian relief effort has teamed up with an unlikely ally to help the Bahamas recover from the devastation wrought by the storm: Bitcoin.Coinbase & Bitpay facilitate Bitcoin donations for Hurricane Dorian recoveryThis has become possible after Lend a Hand...

In a sign of its growing maturity, bitcoin is nearing a 3-month period with a bottom at $9000. | Source: ShutterstockThe bitcoin price has held above $9,000 for a record 81 days, a feat it couldn’t manage even during the monster bull run of 2017. Although BTC remains around 50% below its all-time high, the price is arguably stronger and more resilient than ever as it consolidates around $10,000.The bitcoin price has held above $9,000 for 81 days, longer than the epic bitcoin 'bubble' of...

The European Union's AntiTrust Chief is scrutinizing Facebook's much-publicized crypto, Libra. | Source: ShutterstockEU regulators are investigating if the Facebook Libra "cryptocurrency" poses a threat to competition by being a potential monopoly.Margrethe Vestager is the outgoing antitrust chief of the European Union. She's gravely concerned that Libra could violate antitrust laws.EU: Facebook Libra must not stifle competitionTo address this, Vestager says European regulators are examining...