Bitcoin Has Hit the Bottom: Why it is Unlikely to Fall Below $6,000

After rising to $6,700 on fiat-to-crypto exchanges and achieving $7,700 on Bitfinex, Bitcoin has stabilized at $6,500. Over the past 48 hours, the volume of Bitcoin has risen from $3.2 billion to $7 billion at its peak, but has since dropped to $4 billion. In a two-day period, BTC has shown a 25 percent increase

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Bitcoin Trades at $300 Premium on Bitfinex as Tether Faces Panic

As Tether faces credibility issues in the cryptocurrency market, holders are taking a 5 percent haircut as they exchange the stable coin for other cryptocurrencies, including Bitcoin, on the Bitfinex exchange. The increased fear that each token issued may not be backed by one U.S. Dollar has resulted in a premium of up to $300 on

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Police: Dispute over Bitcoin Account Led to Connecticut Home Invasion

Two women have been arrested in connection with a March home invasion in Killingly, CT, where victims were not only robbed but also allegedly pistol-whipped and attacked with an electric cattle prod. The incident, police said, was the tragic culmination of a dispute involving a bitcoin account. Incident Details Apparently, the home invasion occurred because

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African Cryptocurrency Exchanges Forced to Step up Security

African Digital Currency Exchanges Step up Security to Safeguard Investor FundsCryptocurrency exchanges in some of Africa’s biggest bitcoin markets have been forced to rethink their security to thwart persistent attacks from hackers, a trend that has troubled trading platforms all around the world. Also read: Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey The Worst Yet to Come for African Exchanges Exchanges in the […]

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Debunked: How Nouriel Roubini Failed to Attack Crypto with Cherrypicked Data

Recognized economist Nouriel Roubini, a professor at Stern School and NYU, recently launched a series of attacks against the crypto sector. All of the False Claims Roubini Made He claimed Bitcoin is a Ponzi scheme, Ethereum co-creator Vitalik Buterin amassed a wealth of a billion dollars by creating a pre-mined blockchain network, and said public

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Norwegian Man Brutally Murdered Following In-Person Bitcoin Trade

A Norwegian man was brutally stabbed to death shortly after completing an in-person cash-for-bitcoin exchange, and investigators believe that the two events may be linked. According to Norwegian news organization TV 2, the stabbing occurred on Monday morning at the 24-year-old victim’s apartment in Majorstuen, an affluent neighborhood in Oslo, likely between 7:50 am and

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Centralized Cryptocurrencies Dominate Market, But What About Bitcoin?

A new report reveals that the majority of cryptocurrency and blockchain projects are centralized. Majority of Cryptocurrencies Can Be Classified as Centralized, Securities Cryptocurrency research firm CryptoCompare released its annual Cryptoasset Taxonomy Report, and their findings reveal that only 16% of cryptocurrencies are fully decentralized. The remaining cryptocurrencies reviewed are either centralized, or only semi-decentralized,

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Two US States Issue Cease and Desist Orders Against Five ICO Issuers

Two US States Issue Cease and Desist Orders Against Five ICO IssuersThe U.S. states of Colorado and North Dakota have independently issued cease and desist orders against companies promoting initial coin offerings in their states. Their tokens are potentially fraudulent securities offerings, according to the two states’ securities commissions. One scheme promises a return of 10 percent per month and claims to be pegged to the […]

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UK-Based Global Security Firm G4S Announces Crypto Custody Solution

Multinational security company G4S has announced that it has been working on a custody solution for cryptocurrencies. The firm is the latest in a long list of those seeking to address one of the largest perceived problems in the digital asset space – secure storage. G4S to Join Goldman Sachs, Bakkt, and Others in Crypto

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