US travel management company CWT paid 414 Bitcoin, worth $4.5 million, to hackers who stole sensitive corporate files and reportedly knocked 30,000 computers offline. Crypto exchange Binance CEO said, “Again, not bitcoin’s fault, but as we inevitably evolve into a more digital civilization, all businesses new and old will need to Read more…
The correlation between Ethereum and Bitcoin has dropped off, data from Skew shows. It could suggest that the market is maturing as it enters a new phase. Researchers at Skew said: “Short-term correlation between Bitcoin and ether is dropping further. Is this officially the end of a nearly three years long Read more…
Today is the first day of August, and this means that a few hours ago, the monthly candle of July closed. A surprising fact is that only once in its history, Bitcoin had recorded a monthly close higher than yesterday’s – and that was during December 2017 – the peak Read more…
On Friday, Vladimir Putin, Russia’s president, signed one of the two digital assets bills into law, Russian media outlet RIA reports. The new law was passed by Russia’s parliament, Duma, last week and states that firms can provide virtual securities on blockchain platforms provided they are well registered with the country’s central bank, Read more…
In addition to all the positive news surrounding the crypto markets, 2020 might become the last year Bitcoin is ever valued at under $10k as shall be explained. According to Bitcoin analysis done by Timothy Peterson of Cane Island Alternative Advisors, BTC’s value can be modeled using Metcalfe’s law. As earlier Read more…
Bayesian trader Peter Brandt has said Bitcoin is ready to see a gigantic growth, and the leading cryptocurrency would hit a new all-time high and then rise to $50,000. The commodity trader made the assertion at the time Bitcoin first tested the $10,000 resistance level and went below the mark Read more…
The key cryptocurrency pairs collectively opened higher and then strengthened to start the new week. Bitcoin (BTCUSD) broke the 10,000 mark four times and recorded 10,200, for an intraday increase of more than 3%; Ethereum (ETHUSD) opened higher at 310.01 and recorded a rise of more than 5% to 326.60; Litecoin (LTCUSD) opened higher at 46.93 and rose Read more…
The cryptocurrency market has been stuck in a rut for quite some time now, with most of its major cryptos choosing to consolidate their positions. In fact, Bitcoin, the world’s largest cryptocurrency, has been noting a kangaroo market of sorts, one wherein it has been jumping between its immediate resistance and Read more…
Protecting one’s privacy with Bitcoin doesn’t come easy. The Bitcoin Blockchain permanently records and displays all transactions publicly, this makes it possible for almost anyone to track and view your transaction details for any wallet address. This was the case with the nefarious hackers who infiltrated Bitfinex and led the infamous hack Read more…
A US federal court ruled that Bitcoin is a form of “money” covered under the District of Columbia’s (D.C.) Money Transmitter Act. The conclusion is part of a criminal action involving the U.S. versus Larry Dean Harmon, who operated a Bitcoin mixing platform. U.S. Court Regards Bitcoin as Money in Read more…