The bitcoin price on Wednesday recovered as much as 2.45 percent after reports indicated that Fidelity would launch its crypto custody service as soon as March. Fidelity Crypto Launch Brings out the Bulls At 18:00 UTC, the bitcoin-US dollar exchange rate (BTC/USD) was trading at $3,443 on crypto exchange Coinbase, down 0.6 percent from its…
Month: January 2019
“We are tired of people asking us about target prices.” This was Tom Lee towards the end of 2018., the co-founder of Fundstrat Global Advisors and one of the most prominent cryptocurrency price analysts. He famously predicted Bitcoin would end 2018 at $25,000. Despite Lee’s claim to fame being his ability to predict stocks and…
Vinny Lingham, a general partner at crypto fund Multicoin Capital and the CEO at Civic, has said that if the Bitcoin price drops below $3,000, it will face serious problems. In an event in which the Bitcoin price plunges to the $2,000 region — breaking a major support level at $3,000 — the investor said…
Crypto Market Cardano founder Charles Hoskinson says the crypto market is following the same pattern that Amazon paved in its early days. In a new interview with Cointelegraph, Hoskinson compares crypto’s 2017 bull run to Amazon’s run-up before the dot-com bubble burst. As for when the crypto market will recover, Hoskinson thinks it could take…
Going…Going…Down… What started as a positive week, ended in disappointment for cryptocurrency prices. On Saturday, the market cap jumped over $3 billion in less than an hour. However, the positive momentum was short-lived. The following day, the market lost nearly $5 billion (~3.8 percent) in about the same amount of time. Over the week, the…
Ripple CEO Brad Garlinghouse and Ethereum co-founder Joseph Lubin engaged in a friendly debate on decentralization at the World Economic Forum in Davos. In a back and forth between the two blockchain and crypto leaders, Garlinghouse questioned just how decentralized Bitcoin and Ethereum really are due to mining pools and the fact that the majority…
A Samsung insider posted a picture allegedly showing a bitcoin wallet on a Galaxy S10. Is it legit? | Source: Shutterstock By CCN.com: BGR, a U.S.-based technology publication, reported that a Samsung insider leaked images of the new Galaxy S10 model equipped with a native Bitcoin wallet. The Galaxy S10 has not yet been released…
John McAfee, co-founder of McAfee Crypto Team and CEO of Luxcore and founder of McAfee Antivirus, speaks at the Malta Blockchain Summit in St Julian’s, Malta November 1, 2018. REUTERS/Darrin Zammit Lupi By CCN.com: John McAfee announced Tuesday afternoon in a video tweet that he and his wife have been indicted by a grand jury…
In today’s world, everyone wants everything in a hurry. The faster, the better. In the world of digital payments, a major competition is underway between the blockchain and PayPal. The blockchain is the relative newcomer, while PayPal has been around for about two decades. Here’s a look at some of the pros and cons of…
Saudi Arabia and the United Arab Emirates have announced further plans to launch a digital currency that will help their cross-border transactions. The cryptocurrency is one of seven joint initiatives, including a financial awareness youth training program, initiated by the Executive Committee of the Saudi-Emirati Coordination Council held over the weekend. The proposed cryptocurrency will…
2018 was a dramatic year for the crypto industry and cryptocurrency news sites have documented all the greatest triumphs, tribulations, trends and controversies. Let’s take a look at how the coverage has changed in 2018. Using the CryptoCompare API we collected metadata (title, category topics, date, time and publication) on 64,605 articles from 25 news sites over…
By CCN.com: As the eurozone economy slows down and the European Central Bank (ECB) run out of ways to fuel the market, market strategist Russell Napier has said the euro may be in trouble. Speaking to FT, the analyst firmly stated that the global monetary system is beginning to show serious vulnerabilities, noting that the…
Over the last 24 hours, the crypto market has rebounded slightly by $5 billion, from $120 billion to $125 billion following a promising breakout of the Bitcoin price above $3,700. The unforeseen strong movement of Bitcoin could lead to the short-term recovery of other major crypto assets and low market cap cryptocurrencies in the upcoming…
Mr. Crypto’s Wild Ride Looking at the starting and ending market caps of this week, you may think that it was a relatively uneventful seven days. The market shed less than two percent of value, placing the total market cap at around $122B. However, the middle of the week saw the market plummet nearly five…
Bitcoin is gearing up for prime time at local grocery stores across the US. In addition to Cornflakes, Coca-Cola, apples and postage stamps, customers can buy Bitcoin from coin machines. Coinstar, which owns and operates the kiosks that sound like Vegas slot machines as they convert your jugs and jars full of pennies, nickels and…
Binance froze funds suspected to be associated with the Cryptopia crypto exchange hack. Binance has frozen some of the funds that were stolen from crypto exchange Cryptopia during the high-profile hack that occurred earlier this week. Binance Puzzled Why Hackers Keep Sending Funds to its Exchange Binance CEO Changpeng Zhao announced the news in an early…
The first bank to use the XRP-powered payment solution xRapid is touting its new partnership with Ripple. “Euro Exim Bank has joined Ripple, connecting banks, payment providers and digital asset exchanges via RippleNet to provide clients one frictionless experience to send money globally. Operating collaboratively with Ripple and selected counterparts, we are implementing both xCurrent…
Global banking giant HSBC used blockchain technology to settle $250 billion worth of foreign exchange trades in 2018. Using their private blockchain platform “FX Everywhere,” HSBC processed three million transactions, roughly 150,000 payments, reports the Financial Times. Richard Bibbey, acting global head of currencies, says the technology allows HSBC to “conduct thousands of foreign exchange…
In a recent episode of the Keiser Report on RT, host Max Keiser says he’s not surprised that the US government fined Wells Fargo a mere $575 million for committing bank and credit fraud. The Wells Fargo scheme involved the creation of millions of fake customer accounts. According to Keiser, “Fraud runs the American economy. Without fraud,…
Bitcoin fell below $3,500 as $5 billion was wiped out of the crypto market, and major digital assets like Ethereum recorded a six percent drop against the U.S. dollar. The 4.8 percent drop in the combined valuation of all cryptocurrencies in the global market comes after a strong sell-off on January 11. Bitcoin Weakness Expected…
