The response to the Covid-19 pandemic has been ruthless on the global economy and during the last six months, traditional stocks and commodities have felt extreme market volatility. Coinshares published a comprehensive report this week in regard to how bitcoin performed during the coronavirus outbreak. The seven-page study highlights how bitcoin’s rebound to pre-Covid price […]
Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June 19, the total amount of BTC transferred out
After the famous bull market of 2017, the cryptocurrency market experienced a very long and harsh bear market. Whilst this makes for a complicated period for investors, it’s not a complete tragedy; even if prices have been disappointing, fundamentals, on the other hand, have never been so strong. The blockchain universe has never been as
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying the central bank is already using the CBDC
Canadian blockchain upstart BlockCrushr alleges that ConsenSys stole proprietary technology after it participated in ConsenSys’ Tachyon accelerator program. Canada-based fintech firm BlockCrushr has filed a lawsuit in New York accusing blockchain tech company ConsenSys of stealing trade secrets. BlockCrushr claims that ConsenSys launched an Ether (ETH)-based recurring payments platform called ‘Daisy Payments’ one day before
Hackers were able to get away with posting fake Bitcoin giveaways on various Twitter accounts thanks to high level internal admin access. Crypto scammers responsible for what could be the largest ever hack on Twitter were able to succeed because individual employees have high levels of access to information and control on the platform. In
Aave has raised $3 million from Framework Ventures and Three Arrows Capital to grow its ecosystem through staking and governance. Leading DeFi protocol Aave has raised $3 million from Framework Ventures and Three Arrows Capital. The investment firms purchased $3 million of Aave’s native token LEND at $0.10 per token, a stake which is now
Data concerning the owner of a website associated with today’s wholesale Twitter account hacks has leaked online. Internet sleuths have converged on the website ‘CryptoForHealth.com’ which was associated with the widespread Twitter account hacks that began on July 15. The earliest incarnations of the scam saw the accounts of numerous crypto luminaries purport to partner
DeFi earnings fell in Q2 as MakerDAO dropped the savings rate and Synthetix began reporting its actual earnings. The DeFi industry may be booming this year, but a new report shows earnings have fallen despite a huge surge in token prices. The second quarter token report from Bankless, a DeFi focused newsletter from Mythos Capital
Crypto Twitter has taken aim at the Twitter hack, suggest there is more to this attack than meets the eye. Earlier this morning, a large-scale Twitter attack took over some of the most powerful verified Twitter accounts including Joe Biden, Elon Musk, Bill Gates, Kanye West, Kim Kardashian, Wiz Khalifa, Warren Buffett, Mike Bloomberg, Barack
A user has hidden message in transactions to the Bitcoin wallet associated with the Twitter hack. Some of the largest and most influential Twitter accounts in the world were hacked earlier today to promote fake Bitcoin giveaways. But eagle eyed Reddit users have spotted a series of hidden messages in transactions sent to the Bitcoin
The Japanese online securities company Monex has revealed the launch of cryptocurrency-based contract-for-difference (CFD) services that went live on Wednesday. The new derivatives products offered by Monex will include bitcoin, XRP, ether, and bitcoin cash pairs with 2x leverage. Japanese digital currency exchanges are getting into leverage products as the firm Monex has revealed a
The popular digital currency trading platform, Bitfinex must deal with the New York Office of the Attorney General (NYAG) over the alleged hiding of over $800 million in client and corporate funds. The NY state Supreme Court’s Appellate Division overruled an appeal on Thursday, after the company put forth the argument that tether (USDT) was
The billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own less bitcoin. Novogratz’s statements follow his recent advice last month when he said investors should “watch gold and bitcoin.” Michael Novogratz is a well known investor and was a hedge fund
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi. Balaci pleaded guilty to a superseding information charging him with
The Shariah Advisory Council of Malaysia’s securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country’s population are Muslims, many of whom have been reluctant to trade crypto in fear that it might not be Sharia-compliant. Shariah-Compliant Crypto Trading The Shariah Advisory Council
Animoca Brands, the firm behind noted NFT-powered games The Sandbox and F1 Delta Time, has reported record revenue amid the COVID-19 lockdown. Animoca Brands, the firm behind blockchain-powered games The Sandbox, F1 Delta Time, and Crazy Defense Heroes, has reported unaudited revenue for the first four months of 2020 of $7.34 million amid the COVID-19
Brave has found a major partner in Japan to explore the growing Japanese market with. BitFlyer, the biggest crypto exchange in Japan in terms of trading volume, has announced a partnership with Brave, the privacy-protecting browser. According to the announcement, BitFlyer and Brave will develop “a crypto asset wallet for Brave browser users”. No further
Australian comedian Jim Jefferies revealed he bought one Bitcoin for roughly $10K on the Robinhood trading app for a laugh. Australian comedian Jim Jefferies has amassed a larger stack of Bitcoin than billionaire Elon Musk. In a June 30 episode of Jefferies’ podcast I Don’t Know About That, the comedian revealed to “Invest Diva” Kiana
Chainlink CEO Sergey Nazarov and Interwork Alliance President Ron Resnick are optimistic that enterprise adoption is speeding up. Enterprise adoption of smart contracts and blockchain technology is coming to a head soon, according to Chainlink CEO Sergey Nazarov and Interwork Alliance President Ron Resnick. The pair were members of a Unitize 2020 panel earlier today
