CRYPTOCURRENCIES

bitcoin's price

Bitcoin’s social and trading sentiment is still low

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 …

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Goldman Sachs is Looking into Full Integration of Blockchain

Goldman Sachs is Looking into Full Integration of Blockchain

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 …

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Cryptocurrency Grows in Asia alongside Security Threats

Cryptocurrency Grows in Asia alongside Security Threats

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 …

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$500K of Bitcoin Used for Ghosn's Unprecedented Escape

$500K of Bitcoin Used for Ghosn’s Unprecedented Escape

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 …

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Ethereum Nears Upgrade, But It’s Too Early to Transition

Ethereum Nears Upgrade, But It’s Too Early to Transition

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 …

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PayPal Confirms Its Preparation for Cryptocurrencies

PayPal Confirms Its Preparation for Cryptocurrencies

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 …

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Fraud Uses $1 1 Million in COVID-19 Funds for Cryptocurrency

Fraud Uses $1.1 Million in COVID-19 Funds for Cryptocurrency

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 …

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