Tag Archives: social

Shortly after suspending withdrawals and deposits to its platform, the crypto lending service Cred has filed for Chapter 11 bankruptcy protection.  CryptoPotato reported in late October that the US-based platform had temporarily suspended all funds inflows and outflows while assisting law enforcement agencies in investigating an “incident.”  According to an official announcement from this past weekend, Cred INC. has “commenced a voluntary Chapter 11 case in the United States...

Despite briefly tanking following the results of the US Presidential elections, Bitcoin has reclaimed the $15,000 mark and registered its third-highest weekly close. The altcoins have also recovered yesterday’s losses, and the market cap has jumped back to $440 billion. Bitcoin’s Third-Best Weekly Close Bitcoin peaked at a new yearly high on Friday as the uncertainty of the US elections grew. However, once the results came in, meaning that the 46th US President will be Joseph...

The official election of Joe Biden as the 46th US President resulted in a sharp nosedive for Bitcoin and the rest of the cryptocurrency market. While BTC dumped to a low of $14,350 at its Saturday’s lowest, the total market cap lost nearly $30 billion at one point yesterday. Biden’s Election Drove BTC Down? The past week has been quite impressive for Bitcoin. The primary cryptocurrency entered the election day on November 3rd at about $13,300. The uncertainty that followed...

The uncertainty seems to have come to an end: Biden is the new president of the United States after winning the decisive electoral votes of Georgia and Pennsylvania. At this moment, Biden has 290 votes out of the 270 needed to win the presidency, while Trump has only 214. And with only 34 votes in dispute, the chapter is practically closed. Biden vs Trump 2020 electionsBitcoin’s Sell The News In Reaction to Biden Winning The new president was quick to change his Twitter bio...

The French multinational giant will be integrating Blockchain and Big Data technologies for the company’s digital transformation. The defense and aeronautics enterprise will also use novice technology to comply with NATO standards. A Step Towards Digital Transformation As per a recent report, Thales will be integrating Big Data and blockchain in a new management system, which will lead to the digital transformation of the headquarters’ Production and Maintenance center. The...

A recent report examining the number of successful hacks on blockchain networks, exchanges, and even wallets concluded that attackers had stolen more than $13 billion in the past eight years. The paper noted that the EOS network had experienced the most breaches, while the malicious actors have taken the most funds from wallets. 330 Blockchain Attacks; 2019 Was A Record-Breaker The document compiled by the VPN provider Atlas VPN reads that the total amount of attacks on...

After increased volatility that took Bitcoin to $16,000 and $15,200, the cryptocurrency has calmed and trades around $15,500. The altcoins have surged in the past 24 hours as Ethereum is above $450, while Ripple is north of $0.26. Most impressively, Yearn Finance’s YFI token increased by around 100%. Bitcoin Calms After Record Days The primary cryptocurrency has been marching confidently in the past several days. This led to consecutive yearly records and its highest price...

This week was wild for Bitcoin. Starting at around $13,500, the cryptocurrency went on to shatter the high set back in 2019 and surge to as much as $16,000 just today. It’s interesting to note that this happens despite the fact that retail investors are yet nowhere to be found, according to data. It appears that the current rally is driven mostly by institutions. All of this takes place while the 2020 US Presidential Elections are still ongoing. Of course, Bitcoin’s path is...

Bitcoin has been surging in the past few weeks to consecutive yearly highs. Speculations emerged within the community if or when BTC will even surpass its 2017 ATH of nearly $20,000. At the same time, though, most alternative coins seemed to be dragging behind their leader. Bitcoin’s dominance highlights this – a metric that surged by nearly 7% in less than a month. As such, it would be compelling to follow how altcoins have performed in relation to Bitcoin before, during,...

Tyler Winklevoss, the co-founder of the US-based cryptocurrency exchange Gemini, believes that the US stimulus packages are a “code for buy Bitcoin.” The former business partner of Facebook founder Mark Zuckerberg commented on a speech by the US Federal Reserve Chair Jerome Powell. Cameron and Tyler Winklevoss. Image Source: CNNIn it, Powell said that the “current economic downturn is the most severe in our lifetime, and it will take a while to get back to the levels of...