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CRYPTOCURRENCY

Report: Crypto Bear Subdued, Accumulation Grows

Report_ Crypto Bear Subdued, Accumulation Grows

Digital assets fund manager Adamant Capital has published a new report which gives fresh evidence that the cryptocurrency winter is slowly giving way to a crypto spring, with the crypto bear market now approaching its final stages. This phase, according to the report, should now usher in Bitcoin to within the USD 3,000 to USD 6,500 range of trading, maintaining …


China Firm Mines Bitcoin Secretly, End up Losing $23 Million

China Firm Mines Bitcoin Secretly, End up Losing $23 Million

A Chinese company has sold off its subsidiary at only 10% of the original valuation after suffering losses from suspected secret cryptocurrency mining activities amounting to some USD 23 million. Huatie HengAn, the subsidiary of listed Chinese company Huatie, was reported by local media outlet 8BTC as having been sold for USD 2 million. Just one year ago, it had …


Coinbase Adds Latin America and Southeast Asia to Its Expanding Client Base

Coinbase Adds Latin America and Southeast Asia to Its Expanding Client Base

US cryptocurrency exchange giant Coinbase is to add 11 new markets in Latin America and Southeast Asia as part of its current global expansion programme. This is hot on the trail of its expansion in the UK market seeing revenue growth of 20% to USD 173 million, and the recent announcement of its new Coinbase card. In 2018, the exchange …


John McAfee Claims $1 Million Bitcoin Prediction Based on Math

John McAfee Claims $1 Million Bitcoin Prediction Based on Math

John McAfee’s explanation for his USD 1 million Bitcoin price by the end of 2020 is all down to mathematics, according to the high flying tech mogul. A recent McAfee Tweet offering to the market suggested that it would be “mathematically impossible” that one BTC will be less than USD 1 million “by the end of 2020”. A brave claim …


2020 Democratic Presidential Candidate Andrew Yang Hits Out at BitLicense

2020 Democratic Presidential Candidate Andrew Yang Hits Out at BitLicense

Pro-Bitcoin Presidential Candidate Andrew Yang is calling for more clarity in regulating cryptocurrencies slamming BitLicence as “onerous”. BitLicence, the business license of virtual currency activities issued by the New York State Department of Financial Services, has again come under fire in the 2020 Democratic presidential candidate’s latest comments. Yang is an American entrepreneur, philanthropist and the founder of Venture for …


RBI Sandbox to Promote Fintech, Blockchain, Excludes Crypto

RBI Sandbox to Promote Fintech, Blockchain, Excludes Crypto

The Reserve Bank of India (RBI) has rolled out what it termed a ‘Draft Enabling Framework for Regulatory Sandbox,’ that will serve as a requirement guide for the burgeoning fintech sector. In 2016, in response to the rapidly growing fintech space, the RBI set up a committee (Inter-Regulatory Working Group on FinTech and Digital Banking in India) tasked with the …


Mueller Report Makes Bitcoin Link to Russian Interference in 2016 US Election

The much-anticipated Mueller Report on interference in the 2016 US Presidential Election claims that Russian intelligence used Bitcoin to secure computer infrastructure for hacking purposes. The ‘Report On The Investigation Into Russian Interference In The 2016 Presidential Election’ suggested that there is evidence that Russia attempted to smooth the path for Donald Trump by using hacking to target Hilary Clinton’s campaign …


Big Corporates Investing in Blockchain with Wait ‘N See Approach

Big Corporates Investing in Blockchain with Wait 'N See Approach

PitchBook data recently compiled for Reuters shows that both corporate funding and venture capital investments are still behind blockchain tech, although trust in cryptocurrency has still yet to become a feature of large company investment. Corporate investment in Bitcoin is seen very much like the Holy Grail of the cryptocurrency industry, and to date, the big money is aimed at …


Kraken Joins Other Exchanges in Delisting Bitcoin SV for “Toxic” Behavior

Kraken Joins Other Exchanges in Delisting Bitcoin SV for "Toxic" Behavior

Major US cryptocurrency exchange Kraken has decided to delist Bitcoin SV (BSV) after polling its clients on Twitter over the past few days. In a largely expected move given the response by other major exchanges, Kraken stated that BSV’s behavior was not in keeping with what it regards as ethical. The California based exchange’s official press release stated that BSV …


Romanian National Bank: Crypto Won’t Fulfill Basic Roles of Currency

Romanian National Bank_ Crypto Won’t Fulfill Basic Roles of Currency

“Cryptocurrencies won’t replace the currency issued by central banks,” says an official of the Romanian National Bank, Daniel Daianu, as reported by news outlet Business Review. In a conference on Tuesday, Daianu who was more pro digital currencies issued by central bank than decentralized currencies emphatically talked about the important roles of state-backed institutions such as the banks and other …


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