cryptocurrency

Multiple United States congresspersons recently expressed their displeasure at the OCC’s focus on crypto this year. Brian Brooks, the former Coinbase executive turned leader of the U.S. Office of the Comptroller of the Currency, or OCC, recently received a letter from multiple members of Congress expressing concerns over his crypto-heavy leadership. The letter, from Stephen […]

Bitcoin and several altcoins are showing signs of breaking above their overhead resistance levels, which suggests bulls remain in control. Billionaire investor Stanley Druckenmiller became the latest famous name to disclose a Bitcoin position. Although Druckenmiller did not specify the quantity he had purchased, he did say that Bitcoin will outperform gold a lot more

A new WEF report touts blockchain technology as a cornerstone of environmental sustainability. The World Economic Forum (WEF) believes blockchain represents a core element of sustainable digital finance — a new paradigm that combines emerging technology with environmentally-conscious business models. In a new report published Wednesday, UBS executive Karin Oertli lists blockchain technology along with

Bitcoin price is showing resilience above the $15,000 level, and history suggests a broader rally may occur in December. Historically, when a Bitcoin (BTC) monthly candle closes above previous candles, the digital asset has seen a prolonged rally. Atop this high time frame pattern, Bitcoin’s monthly candle in September closed above $13,000 for the first

How many Big Macs does 1 Bitcoin buy, and why is this important? Measured in Big Macs, Bitcoin’s (BTC) purchasing power is approaching its highest level since the 2017 bull market, offering yet another indicator of the digital currency’s rapid appreciation. The global Bitcoin purchasing power index, or PPI, which measures how many McDonald’s Big

Even though wallet operators have a large role to play in protecting funds, customers also need to educate themselves to avoid phishing scams. As the global crypto economy continues to prosper, with Bitcoin (BTC) currently occupying the $15,500 region, questions regarding the overall safety and security of digital assets continue to persist, especially in the

The solution is centralized, but time is pressing. As the launch date of Ethereum 2.0 approaches, an important issue in the staking mechanism is starting to be discussed in the community: the one-way nature of stake deposits. Prospective stakers in Ethereum 2.0 Phase 0 will not be able to withdraw or transfer their stake until

After reaching a new 2020 high, Bitcoin traders are fighting to flip $14,100 to support and Ethereum is attempting to do the same to the $400 level. Today Bitcoin (BTC) price briefly pushed through the $14,100 resistance to achieve a new 2020 high at $14,259 before pulling back to retest $14,100 as support.  Although this

$2.5 million private funding round will be used to develop first “mass-market” digital collectibles platform. Digital collectibles platform Terra Virtua announced Nov. 4 that it had completed a $2.5 million private funding round, attracting support from funds such as Woodstock, NGC Ventures, and AU21 Capital. The investment raised will be used to further develop what

Is the DeFi bubble over? Bitcoin network activity spike may indicate that attention is shifting towards crypto’s largest asset. The DeFi bubble seems to be slowing down in the last months of 202, with fees and confirmation times retreating back to less formidable levels. “ETH fees are way down suggesting the DeFi madness has abated

The first day of December is likely to be the launch date. Ethereum 2.0 Phase 0 has now been formalized for launch at some time around Dec. 1. The deposit contract is live and can collect the necessary funds to trigger staking. An update by the Ethereum Foundation released on Wednesday explains how the genesis

Both the 2016 and 2020 U.S. elections have seen little volatility in the price of Bitcoin, but the major multi-year resistance at $14K may finally break if history repeats itself. While most investors and traders anticipated massive volatility to occur through the election hours, little has happened. Bitcoin’s price is still relatively stable and hovering

Altcoins took a serious hit as Bitcoin dropped below $13K today, meanwhile, BTC’s macrostructure remains bullish. The equity markets across Europe closed deeply in the red and the U.S. markets are also witnessing intense selling pressure as investors fear a rise in COVID-19 cases could stall the fragile economic recovery. This increasingly negative sentiment has

The pandemic is not stopping Peru’s lawmakers from testing ways of regulating the crypto industry. A Peruvian regulator authority said on October 26 that studies currently performed on local crypto exchanges will keep on going despite the COVID-19 pandemic, as the country is looking to find ways to regulate the national crypto industry. According to

Only two decentralized exchanges on the list receive high cybersecurity scores. 14 out of 25 decentralized exchanges, or DEXs, score poorly in terms of cybersecurity, according to a recent report.  Source: CER. CER’s criteria included several factors such as whether a DEX underwent security audit, the availability of bug bounties and if it had proper

But don’t call it a CBDC, says central bank reps. Amid a global race toward central bank digital currencies, or CBDCs, Cambodia officially launched a blockchain-based platform for digital money transactions called Bakong.  “Bakong, a payment and money transfer service through banks or microfinance institutions, was established under the initiative of the National Bank of

Though the hearing did not focus on solutions, open source looks like a real way of addressing the committee’s concerns about transparency and accountability. In a hearing before the Senate Commerce Committee on Friday, the CEOs of Facebook, Twitter and Google’s parent company, Alphabet, faced a veritable firing squad in what has become bipartisan hatred based

Tech evangelists Alex and Don Tapscott believe blockchain will “rewrite the economic power grid and the old social order.” According to tech evangelists Don and Alex Tapscott, blockchain technology will prove itself the most disruptive technology of the next decade. “We now have an Internet of value that can give us another opportunity to rewrite

The CEO of Minds thinks that others will follow suit. Alternative social media platform Minds is now letting users permanently save their content on the Arweave platform, which ensures that nobody can ever delete it once published. Minds users can choose to publish their content on the “permaweb” with no payment or additional setup required.