Fascination and enthusiasm for Bitcoin is running red-hot. And it’s not hard to see why. On the pretext of pandemic panic, the U.S. Federal Reserve is printing and spending $41 billion a day. Altogether, the Fed and other central banks will create more than $6 trillion in new money in 2020. This Read more…
When trade volume peaks, the Bitcoin and Ethereum networks become congested. The team at Xpring has researched this phenomenon and concluded that traders opt to transfer funds using XRP during such periods of congestions. The conclusion is similar to one made by Weiss Ratings back in July of 2018. The Read more…
Dirty money You’ve been warned An Australian woman was arrested by police Thursday for laundering close to AUD$5 mln with the help of Bitcoin over the course of three years. She was reportedly at the helm of an unregistered digital currency exchange in New South Wales that first appeared in the investigators’ Read more…
Following Bitcoin’s third block halving on May 11, users removed 23,540 Bitcoins (BTC) from online exchanges. This appears to indicate heightened levels of confidence in the asset. It also continues the recent trend of users moving their coins to wallets they control, and away from major centralized exchanges. In the two months since Black Thursday, the Read more…
Kraken, the San Francisco-based cryptocurrency exchange, has released its monthly report on the current state of the crypto market. The report stated that the hash rates of Bitcoin and the spread in the epidemic are two important factors before the upcoming ‘halving’. Kraken analysts think that if the epidemic decreases Read more…
Mining Bitcoin is a finite process, with a cap of 21 million Bitcoins set by Bitcoin’s creator. This is to not say that mining will cease anytime quickly. In fact, it’s estimated that new cash will be created till the year 2140, with a halving going down each 210,000 blocks. Read more…
Winklevoss brother’s founded cryptocurrency trading exchange Gemini will list Basic Attention Token (BAT) token May 5th, 2020 at 12 PM ET. Tyler Winklevoss broke the news to the world via his twitter handle citing this is as Gemini’s effort towards making a better internet. BAT Token Listed At Gemini, Is Read more…
The world’s leading cryptocurrency exchange, Binance, is reportedly under attack. According to a report from Coinness, the Co-founder and CMO of the exchange, Yi He, notified about the attacks in a WeChat group. On social media, a recent mailer from the exchange sent in Chinese text has had users suspect a phishing Read more…
The lack of uniformity among different jurisdictions’ cryptocurrency laws makes it difficult for crypto exchanges seeking to expand to new markets. While some countries are embracing and fostering innovation, others are more hostile to Bitcoin (BTC) and other cryptocurrencies. Further exacerbating the difficulty is the lack of regulatory certainty in Read more…
Malta-based cryptocurrency exchange, OKEx’s parent firm, OK Group, has announced investment into a blockchain firm in Wuhan, China to the tune of 10 million RMB. According to the announcement on April 8 via China’s state news network, Xinhuanet, the investment has been in deliberation since late 2019. With the completion of the Read more…