Several metrics show that Bitcoin’s social and trading sentiment is still low. This is despite its price breaking more than $11,000 a couple of hours ago. On-chain analytics provider Santiment has announced that Bitcoin’s weighted social sentiment is at its lowest level for two years. The metric considers the overall volume of Btc mentions on …
Bitcoin’s social and trading sentiment is still low Read More »
Financial giant Goldman Sachs recently appointed Mathew McDermott as its new head of its cryptocurrency options worldwide. He was previously a managing director responsible for its internal funding operations. The 46-year-old veteran of traditional financial markets came in place of Justin Schmidt, a MIT-educated former crypto trader. Schmidt ran the firm’s digital assets team since …
Goldman Sachs is Looking into Full Integration of Blockchain Read More »
Thailand today approved trading platform ERX. The addition drives licensed crypto exchanges to six while crypto platforms stand at 13. The kingdom’s support to cryptocurrency makes it ideal for exchanges in the Southeast Asian region. However, with growing popularity of cryptocurrency comes the security threat. Thousand scams recorded worldwide take place in Asia, raising an …
Cryptocurrency Grows in Asia alongside Security Threats Read More »
Ethereum had its major price breakout a week ago. The cryptocurrency went past the $300 resistance level, above its price to beat of $250. ETH/USD currently trades at $320, securing its spot as one of the strongest crypto pairs in the market. The $365 high in 2019 is bright for the resurging ether. The US/ETH …
Ethereum Breaks Resistance but Gas Fee Remains High Read More »
Litecoin moves in an ascending triangle since its recorded low in March, drawing swing highs and lows. Today, the digital silver finally broke the resistance level after Bitcoin hit the $10,000 price mark. LTC currently trades at $53.46, recording a 10.33% increase for the day and a trading range from $47 to $53. This drives …
As when we thought that importance of Bitcoin rests solely on not paying for transaction costs, another of its dark usage arises. The decentralized platform is made accomplice in another underground activity. The clean escape worth $500,000 funded via BTC, ex-Nissan’s chairman Carlos Ghosn fled Japan, leaving no breadcrumb trail. BTC pledges to the anonymity …
$500K of Bitcoin Used for Ghosn’s Unprecedented Escape Read More »
Ethereum price jumped 17% during the week, following two months of drought and stagnation. Ether (ETH) soared to $280 today, and a rally to $300 is bright, investors say. The December 25 expiry also climbed to $720 threshold. The surge is due to the rise of decentralized finance apps shortly termed as DeFi in recent …
Smart Contract Giant, Ethereum, is Up from the Red Read More »
The second largest blockchain network is itching to update. As Ethereum 2.0 nears its due date, the crypto market is basking in its pre-market glory. In fact, clients with non-crypto wallets have staked more Ether (ETH) than those with crypto wallets. About 77% or 6.8 million ETH staked belongs to those who don’t have cryptocurrencies …
Ethereum Nears Upgrade, But It’s Too Early to Transition Read More »
International digital payments company PayPal sent a letter to the European Commission early this week. The letter confirmed the market’s speculation: the platform is looking into getting into the cryptocurrency space. PayPal is reportedly urging for the EC to establish rules and definitions for companies entering the market. The letter also said that it had …
PayPal Confirms Its Preparation for Cryptocurrencies Read More »
A man in Houston was taken into custody after allegedly using about $1.1 million in government loans to buy cryptocurrency. He had taken money from the Paycheck Protection Program, possibly using the loan for paying personal expenses. The Unites States Department of Justice announced the alleged fraud on Tuesday in a criminal complaint sent on …
Fraud Uses $1.1 Million in COVID-19 Funds for Cryptocurrency Read More »
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