Tag Archives: Cryptocurrency News

Burundi's central bank has enforced an outright ban on crypto trading. | Source: ShutterstockBurundi’s Central Bank has completely banned crypto trading in the country, specifically mentioning bitcoin, ethereum and a handful of other cryptocurrencies.The East African nation is also warning that “strong measures could be taken” against traders who flout the ban, in a statement to Bloomberg.  The Central Bank of Burundi admitted in a statement that it couldn’t offer protections for crypto...

Samsung's flagship Note 10 is getting a special crypto edition in South Korea. | Source: REUTERS/Toby MelvilleSamsung launched the KlaytnPhone in South Korea on Thursday, a spinoff of the Galaxy Note 10 equipped with blockchain apps and a cryptocurrency wallet.It furthers Samsung’s position as the most crypto-friendly smartphone maker, putting it lightyears ahead of rival Apple. Thus far, the company has added blockchain support in a variety of models, integrated cryptocurrency payments into...

Crypto startups Coinbase and Ripple have dropped from top-10 positions to No. 28 and No. 29, respectively, on LinkedIn's 2019 top 50 startups list. | Source: Shutterstock; Edited by CCNDespite being a relatively new sector, the blockchain and cryptocurrency space can this year boast of having two crypto startups, Coinbase and Ripple, in the LinkedIn’s 50 hottest U.S. startups of 2019 to work for. In the professional social network’s third annual Top Startups ranking, blockchain payment...

BitMEX accuses Binance of plagiarism, but it's not long before the two bitcoin exchange giants kiss and make up on Crypto Twitter. | Source: Reuters (i), Distributed/YouTube (ii). Image Edited by CCN.Binance and BitMEX shared a social media bro hug after the latter publicly accused its fellow cryptocurrency exchange of plagiarizing documentation featured in its recently-launched crypto derivatives testnet.On Wednesday, the BitMEX Twitter account ribbed Binance over its testnet launch,...

Bitcoin's the best bet for a cryptocurrency, says Twitter CEO Jack Dorsey. | Source: Photo by Prakash SINGH / AFPAs Facebook's Mark Zuckerberg faces a firestorm of criticism for his Libra project, another prominent social media billionaire is staying on the side-lines. Jack Dorsey made it very clear in an interview with the Sydney Morning Herald that he has no plans to launch a Twitter cryptocurrency, instead preferring to advocate for Bitcoin as the currency of the internet.Jack Dorsey...

Though other cryptocurrencies will likely go through periodic pumps, bitcoin is the only crypto with real and lasting value, according to Peter Brandt. | Source: ShutterstockAre you holding cryptocurrencies other than bitcoin? If so, you might want to overhaul your portfolio.That's because an expert in classical charting principles warns that buying altcoins is not a wise investment decision.Not now, not ever.Altcoins Are 'Lead' to Bitcoin's 'Gold'Earlier this week, Peter Brandt took to...

Bitmain, the world's largest maker of bitcoin mining equipment, has been named the third hottest startup to work for in China. | Source: ShutterstockChina has held the crown for being the home of some of the largest makers of bitcoin mining equipment for years now. According to LinkedIn, one of these bitcoin mining rigs has emerged as a favored destination for job seekers in the world’s second-largest economy.Per CNBC citing a report by the Microsoft-owned professional social network,...

The correlation with bitcoin price is becoming obvious. | Source: ShuttertockBitcoin (BTC) started this week off in good spirits, citing an impressive rise of around 8%. Interestingly, analysts are attributing some of this action to the close of the Chicago Mercantile Exchange (CME).Bitcoin's 8% rise this week which left a gap in the CME futures chart | Source: TradingViewOn Labor Day, September 2, the CME closed up shop. Far from the typical bloody Monday the cryptocurrency markets...

Bitcoin has had a volatile year and the clouds are gathering for stormy end to 2019. | Source: ShutterstockToo many people focus on bitcoin’s wild highs and fluctuating daily price. A better metric to look at is the monthly low points.By tracking the lows, you see the steady accumulation of bitcoin. This is the foundation of the market and it’s getting stronger.The chart below tracks the bitcoin price, overlayed with a red line marking the monthly low point. It’s a steady, upward curve of...

An illegal crypto mining operation involves hijacking multiple internet cafes, bribery and some 100 million yuan in crypto. | Source: ShutterstockFifteen Chinese individuals have reportedly been arrested for their involvement in an illegal cryptocurrency mining operation that hijacked the bandwidth of scores of internet cafes to mine approximately 100 million yuan (nearly $14 million) in cryptocurrency.The operation involved the bribery of over 9,000 internet cafe administrators who infected...