Ever since hitting the $14,000 level earlier this year, bitcoin has attracted massive selling. Traders in the third and currency quarter are busy taking profits by leaving their Long positions or going Short altogether. The result is a cryptocurrency which is now down by more than 40 percent from its year-to-date top. Bitcoin’s failure to…
The United Nation Children’s Fund (UNICEF) became the latest high-profile organization to sink its feet deep into the bitcoin ecosystem. The global nonprofit this week announced that it would setup a new cryptocurrency wing. The so-called fund would allow them to accept donations in multiple cryptocurrencies, including bitcoin and ether. The announcement saw UNICEF openly…
The Security and Exchange Commission (SEC) has turned down yet another bitcoin exchange-traded fund (ETF) application. The securities regulator said in a response filed Thursday that applicants Bitwise Asset Management and NYSE Arca cannot offer Bitcoin ETF services to investors in the US. It noted that the duo could not resolve issues that were raised…
Players in the financial and technology sector have different opinions about bitcoin. For skeptics, the cryptocurrency is reminiscent of Holland’s notorious Tulip bubble of 1637. They generated a wild, speculative mania and disappeared, leaving behind pretty flowers and wrecked investors. Meanwhile, for supporters, bitcoin is the internet: a symbol of decentralization that reached its full…
DuckDuckGo, a privacy-focused online search platform, recently conducted a study to find out the opinion of the general public about the importance of data privacy. Results showed that nearly 80 percent of the 1,114 US respondents took measures to regulate privacy on social media over the past year. One-quarter of them went as far as…
Bitcoin and altcoins appear as the solution to the ongoing geopolitical tensions between Hong Kong and China. The demand for decentralized currency is growing day by day in these countries, proving how fragile cash has become for common folks. Hong Kong Banking System Is Paralyzed Videos posted on the internet paint a sharp picture of…
Ripple’s XRP led intraday gains on Monday after rising 10 percent on a 24-hour adjusted timeframe, according to data provided by CoinStats’ cryptocurrency portfolio management app. The third-largest cryptocurrency by market capitalization outperformed the benchmark Bitcoin, as well as the rest of the top altcoins. Bitcoin, in particular, trended in positive territory but its gains…
Researchers have found a strong correlation between benchmark cryptocurrency bitcoin and its spin-off stablecoin Tether, according to a Bloomberg report. Blockchain data forensic firm TokenAnalyst found that Tether’s issuance of fresh dollar-pegged tokens coincided strongly with the bitcoin price rally. On a day, the asset rose by as much as 70 percent right after Tether…
Bithumb Global announced it would work with the Indian Government to launch a regulated Bitcoin exchange. It also showed interests in promoting the cryptocurrency trade among the uninformed Indian investors. Bithumb co-founder and managing director, Javier Sim, announced the company’s further initiatives in the Indian commercial space. The statement implied partnerships with native Indian cryptocurrency…
The newly formed Crypto Rating Council is already facing criticism for its role in categorizing cryptocurrencies. Tyler Gellasch, executive director at Healthy Markets, observed that some members of the council might have stakes in the cryptocurrencies under evaluation. That could unduly influence their assessment of the asset in concern. “A group of private companies jointly…
