Tag Archives: News

One of the most popular court cases in the crypto industry is the one between the Kleiman estate and Bitcoin SV founder, Craig Wright. The case, however, took a new turn recently, when a certain document filed on Oct. 30 in the Southern District of Florida, revealed that Wright has pulled out of the settlement already negotiated, claiming that he’d be unable to finance it.Before now, the plaintiffs had somewhat suspended active pursuance of the case because it had already begun to focus more...

China, that surprises the world non-stop, has come up with a new development: three institutes in Shijiazhuang, Hebei Province in North China, have finished working on blockchain-based identification system for cities. This initiative is a significant part of the smart city infrastructure.As Global Times has reported, the new system suggests assigning a specific identification code to cities all over China and strives to achieve better connection and data sharing between different parts of...

Over the last few months, the rising tensions due to the escalating U.S.-China trade war has left global investors in worry. Several analysts have also raised fears of possible recession by the next year.However, some of the indicators still suggest that the U.S. stock market is all poised for a massive rally before the end of 2019. In its latest article, CCN mentions some of the strong indicators that can support the market rally ahead. Some of the powerful indicators include “positive...

Ripple price started a downside correction after tagging the $0.3150 resistance against the US dollar.The price is currently consolidating above the $0.2850 support area, with a few positive signs.There is a major bearish trend line forming with resistance near $0.2980 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price must surpass the $0.3000 barrier for a fresh increase in the coming sessions.Ripple price is facing a major hurdle near $0.3000 against the US...

At press time, bitcoin is trading for just over $9,100.Bitcoin Has Had a Strange WeekTo say it’s been a wacky week for the world’s leading cryptocurrency would be something of an understatement. The currency has pulled in both bearish and bullish behavior from all angles, jumping beyond the $10,000-mark last weekend after a nasty period of trading in the mid-$7,000 range, to suddenly settling nearly $1,000 below its weekend high.The currency has incurred other little surges here and there...

Crypto scams are an everyday thing, it seems. If you dabble in crypto, you are putting yourself at risk to one extent or another. For people in Brazil, however, it’s being reported that this danger is somehow considerably larger than one might expect.Are Crypto Scams in Brazil the New Norm?Brazil is the largest country in South America, and one of the largest countries in the world. It’s also a huge cryptocurrency haven. This has both positives and its negatives. On one hand, it exposes a lot...

How many times must it be said? If you’re going to run a cryptocurrency exchange, you must make sure that you’re using top-rated security measures to keep everyone safe. This is what BitMEX, based in Seychelles, Africa, is learning right about now.BitMEX Under FireBitMEX was compromised over the weekend, leading to all its customers’ email addresses being exposed. The good news is that this is one of the few instances of a crypto exchange being compromised where money is not taken. That much...

A cryptocurrency exchange in Zimbabwe known as Golix is under fire after its CEO allegedly lost the private keys to the company wallet, thereby preventing customers from withdrawing their funds.What’s the Trouble with Golix?Twanda Kembo, the founder and primary executive of the Golix exchange, says he lost the password to the company’s cold storage unit in May of last year. Wow… So, it didn’t occur to you to inform your customers six months ago when this happened? You decide to wait until...

Do you hate transaction fees? If you’re like everyone else, you probably do. Transaction fees are part of the financial process. When you transfer money to secondary hands, there’s a third party or financial services company that must verify the transaction and do the moving. They garner fees for their services and ensure everything occurs normally.Transaction Fees Are Causing Serious IssuesTransaction fees on the blockchain, however, are an ugly addition to what should have been a completely...

Well, Bakkt has been around for over a month. Despite a slow start, it looks like the crypto trading platform has easily rebounded and is now trading in the millions in terms of the number of bitcoin futures contracts.Bakkt Can Work in “Other” WaysAnd yet, there are some analysts that don’t seem to think this will make bitcoin and cryptocurrency mainstream. How can this be? For years, the primary argument behind Bakkt is that it will bring institutional traders to the playing field. This will...