Tag Archives: News

Switzerland's central bank is running scared over its control on monetary policies in the face of stablecoins pegged to foreign currencies. | Source: Shutterstock; Edited by CCNSwitzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra.This was revealed by the chairman of the governing board of the Swiss...

Bitcoin could be on its way to $20,000 next year if a historical trend repeats itself once again, according to crypto trader Josh Rager. | Source: ShutterstockCrypto trader Josh Rager is a noted bitcoin bull known for his ambitious price targets. He is now predicting that the price of the flagship cryptocurrency could surge 100% in 2020 if a historical pattern repeats itself once more.Bitcoin price could set a new record above $20,000Rager cites a pattern that was last seen in 2015 and 2016....

Someone just moved $1 billion in bitcoin to an unknown wallet. | Source: ShutterstockOn September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee.A $1 billion bitcoin transaction processed with a $700 fee (source: blockchain.com)The Token Analyst team traced some of the 94,500 bitcoin to the address of Huobi Global, a major cryptocurrency exchange, but the origins of the rest of the holdings remain...

Facebook's crypto scheme appears to have spurred regulators to take the social media giant's privacy scandals more seriously. | Source: REUTERS / Aaron P. BernsteinFollowing reports earlier today that dozens of state attorney generals were set to officially commence antitrust investigations into Big Tech behemoths Facebook and Google, New York Attorney General Letitia James confirmed that at least one of the companies would indeed face government scrutiny.Unsurprisingly, it's the one that...

Bitcoin is looking at a fresh yearly high if support sticks, analysts have claimed. | Source: ShutterstockSince September 2, within four days, the bitcoin price has recovered from $9,500 to $10,700, rising by well over 10 percent against the U.S. dollar.The bitcoin price on a steady recovery since early September (source: coinmarketcap.com)As bitcoin stabilizes above an important resistance level at $10,000, technical analysts anticipate the asset to establish a basis for the next...

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:...