04-APR-2020

4 months ago

Litecoin continues on its uptrend as NEO, DigiByte stay on course – via AMBCRYPTO
It has been established by now that the altcoins are recovering from their losses in March. Although they are doing so at their own pace, most alts have begun to go on an upward run. Litecoin, NEO, and DigitByte are some of these alts, with each of these coins maintaining steady support levels on their charts.

4 months ago

Banks might collapse due to expected mass defaults due to Corona Virus – via Coinnounce
According to the Bloomberg report, some 30% of Americans with home loans, which are about 15 million households, could default if the US economy stays hobbled by shutdowns for the next few months. In the United Kingdom, renters are being hit hard due to no support from the government unless they were and are in a PAYE job where 80% of the wages are guaranteed. Despite the government’s announcement of several stimulus packages, people are finding it difficult to get through the shutdown period.

4 months ago

Bitcoin Bulls Continue to HODL as Optimism Returns – via CRYPTOBRIEFING
The economic principle of supply and demand determine Bitcoin’s price. Those who “HODL,” or hold BTC, take a portion of circulating supply off the market until they are willing to sell. In the span of two days, Bitcoin crashed from just below $7,000 to $3,900. This was a result of multiple factors, the primary of which being failed oil talks between Russia and OPEC. As a result, the S&P 500, to which Bitcoin is now highly correlated, fell by a whopping 9.5%. This is steep by stock market standards and triggered industry-wide circuit breakers to halt trading.

4 months ago

Bitcoin trading into USDT tripled in March as USDC, PAX surged too – via AMBCRYPTO
Following Bitcoin’s massive flash crash last month, the cryptocurrency market was reeling for a long time, with many altcoins heading downwards. However, this was not the case with stablecoins. In response to the growing volatility in the king coin’s price, crypto-traders flocked into the stablecoin market in a bid to hedge the current storm, with the most popular and controversial stablecoin, Tether, continuing to dominate the figures.

4 months ago

Bitcoins worth $300,000 recovered by ‘Breaking Zip Encryption’ – via Bitcoinist
A cryptographer has posted an article discussing how he cracked an encrypted zip file to recover a lost hoard of Bitcoin keys. This story underscores the need to keep keys safe, and always remember passwords.

4 months ago

Jake Chervinsky On Whether ICOs Are Scams – via CryptoDaily
In 2018, Jake joined Kobre & Kim, a boutique law firm that specifically looks into all fraud and misconduct cases. Speaking to CD, the lawyer spoke on Initial Coin Offerings (ICOs), which have been a controversial thing in the space these past few years. Some have made fools of people and stolen their money which has seen a lot of them being labelled as scams before they get a chance to announce it.

4 months ago

Stellar, Nano, Huobi Token gear up for yet another bullish swing – via AMBCRYPTO
Bitcoin’s recent price surge has undoubtedly been positive for much of the altcoin market, with many continuing to closely follow the king coin’s price movement. After establishing a series of highs over the past few weeks, the altcoins’ technical indices have continued to favour the bulls.

4 months ago

How Blockchain Has Invaded China – via CryptoDaily
CB insights is a New York-based research company and have recently released a report that shows start-ups in China are starting to increase their blockchain-related investments on a massive scale. The report was released early this month on the 11th of March and highlights that in 2015, many deals were made from the United States-based companies who accounted for just over 50% of the technology growth in blockchain. When you compare this to China and they’re companies, they were representing only 2%. Now though, the tables have turned.

4 months ago

Voyager Completes Its Acquisition of Circle Invest – via SLUDGEFEED
New York-based crypto brokerage firm Voyager (CSE:VYGR) announced this week that it has completed its acquisition of Circle Invest, Circle’s retail-focused investing app business, for a 4% stake in the startup and cost reimbursements. According to the announcement, Voyager has officially added Circle Invest’s users to the growing Voyager community of now over 200,000 users.“On Friday, we successfully converted more than 40,000 Circle Invest accounts to Voyager, finalizing our product line acquisition and strategic partnership with Circle Internet Financial,” stated the Voyager team.

4 months ago

New “crypto Ponzi scheme” involves crypto trader – via Cryptopolitan
The latest buzz is around a new crypto Ponzi scheme where over 100 investors were scammed for more than $35 million by three alleged crypto traders. Per the announcement published by Q3 Investment Recovery Vehicle, representing the swindled investors has accused those three alleged crypto investors of scamming the victims by promising to provide them with a winning trade formula.

4 months ago

8,502 BTC Wired by OKEx and Anonymous Wallets – Where Will BTC Price Move Next? – via U.TODAY
As is clear from the data shared by the Whale Alert Twitter bot, over the past seven hours 8,502 BTC was moved between the OKEx exchange and several digital wallets with unregistered owners. At the current market rate, that amounts to $57,499,026. Four various anonymous wallets were involved in these transactions as lumps of the 8,502 BTC were moving to and from OKEx: 1FxTMDC83eANndBeJaxcCtW9nPnY9yS9iU

4 months ago

DeFi platforms note sharp decline in outstanding debt; current value at $133.6M – via AMBCRYPTO
The Decentralized Finance [DeFi] market, having over $1 billion in TVL across DeFi applications in February, was hit significantly by the market crash of 12-13th March. In fact, at the time of writing, this figure had fallen to $673.7 million. Even one of DeFi’s leading platforms, MakerDAO, was hit significantly by the market crash. As Ethereum’s price was slashed by almost 22%, DeFi loan liquidations worth $5 million were triggered. Ever since then, the outstanding debt on the platform has been declining.

4 months ago

European Union highlights the advantages of blockchain technology – via Cryptopolitan
The European Union (EU) highlighted the advantages of blockchain technology as part of the organization’s social services digitization campaign to help keep Europe afloat with the upcoming trends. According to a report published recently by the European Foundation for the Improvement of Living and Working Conditions (EuroFound), the adoption of blockchain solutions in the services sector is still at its infancy. The report by the EU agency noted that the same case applies to the health and social care sectors, regarding the adoption of the flagship technology.

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