Cryptocurrency

Blockchain-powered event betting company Augur says that users of its REP cryptocurrency need to migrate their tokens once a new version of the platform is available starting July 28. According to an announcement posted to the platform’s website on June 29, Augur v2 will launch on the Ethereum (ETH) mainnet at the end of next

We recently reported that the Balancer DeFit protocol suffered a $500,000 attack. Less than 24 hours later, a second attack claimed about $2,300 worth of Compound tokens (COMP). Hao, an engineer at DeBank, tweeted that an attacker was able to fool the Balancer system into thinking he was owed a significant portion of the COMP

Over the weekend Bitcoin price (BTC) dropped below $9,000 for the second time in 7 days but the weekly close was relatively uneventful. As covered by Cointelegraph, buyers quickly stepped in to buy the dip at the $8,800 support on June 27 and at the time of writing the price is pushing toward $9,100.  Crypto

Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland. Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland.  “When we 1st launched

Binance just completed its largest upgraded on June 28, making the world’s largest crypto exchange faster, announced founder and CEO Changpeng Zhao, or CZ. Anticipating the next bull run  The trading platform has reportedly re-wrote all code and switched the matching engine to a new programming language. It’s said to be the biggest upgrade in

Despite seeing substantial growth in popularity, topping Google search trends amid the recent halving, the coronavirus pandemic and mainstream coverage, the cryptocurrency industry has somewhat been left out of the advertising world by online ad networks, social media platforms and even national governments.  In 2018, Facebook banned cryptocurrency advertising amid the initial coin offering hype.

A Russian national behind the cybercriminal enterprise Infraud Organization has pleaded guilty on June 26 to racketeering conspiracy, due to his role as a co-founder and admin of the dark web-based carding portal which generated profits over $568 million. According to the announcement made by the U.S. Department of Justice, or DOJ, 33-year-old Sergey Medvedev,

Over the last few years, I gained over $12 million dollars investing in cryptocurrencies. I did not take a single profit until they maxed out at a hundredfold at the very peak of the market in December 2017. The timing was perfect, I nailed it. However, I only took a small percentage of those gains

On June 26, Judge Kevin Castel signed the final judgment in the SEC v. Telegram case, which will require Telegram pay back $1.2 billion to investors in their ICO for the failed Telegram Open Network.  Cointelegraph reported on the final judgment proposed yesterday. What has changed is the approval of the court, putting an end

The LKS Foundation is an Italian non-profit foundation that aims to promote initiatives that use the principle of sharing information through blockchain technology and spread the culture of fintech to innovate in sectors such as crowdfunding, ICO, and decentralized finance technologies. The Foundation’s President, Federico Olivo, is chairman and co-founder at Vistra SRL, a company

Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network. The $186 million transfer came from a known Ethereum address and was later split into 50 different transactions,

Bitcoin (BTC) skeptics such as Peter Schiff and Mark Cuban will all buy “huge” amounts of the cryptocurrency, Max Keiser promises. In a tweet on June 26, the famously outspoken RT host said that he “100% guarantees” that some of Bitcoin’s biggest naysayers will ultimately flip bullish. “They’ll go all-in with huge buys” Gold bug

A number of analysts have suggested the meteoric price performance of the Compound Governance Token (COMP) may have been orchestrated using derivatives. After initially changing hands for approximately $80 each upon its June 18 listing on Poloniex, COMP quickly rallied 500% to post highs above $380 June 21 as news of a Coinbase listing appeared

This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days.  There have been moments of euphoria as the price briefly broke the $10,000 level earlier this month, but recently emotions have become slightly bearish as

Bitcoin (BTC) being 95% correlated with the S&P 500 may haunt traders this week as one analyst warned a 400-point crash could soon hit.  In the latest episode of his Trading Bitcoin YouTube series, Tone Vays focused on Bitcoin falling in line with stocks.  Bitcoin decoupling in jeopardy BTC/USD dipped on June 25 as markets

The price of Bitcoin (BTC) dropped below $9,000 from $9,660 within seven hours. The 7% plunge comes as $55 million worth of long futures contracts were liquidated on BitMEX. Four factors are likely behind the sudden decline in the price of the top cryptocurrency by market capitalization. Namely: stocks sliding, selling pressure from miners, an

Sveriges Riksbank, Sweden’s central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country’s own such asset — the e-krona.  “The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central bank digital currencies (CBDC) and the e-krona,” Riksbank’s June 18, 2020 report said in

After spending months in lockdown, countries across the world have begun lifting stay-at-home orders enforced due to the coronavirus pandemic. Yet as countries look to reopen, and students and employees return to schools and offices, there is a fear that coronavirus cases will spike. In an attempt to ease these concerns, a number of blockchain

The Bitmain power struggle continues as Micree Ketuan Zhan, one of the co-founders of the crypto mining giant and its largest shareholder, has reportedly made an offer to purchase shares controlled by his fellow co-founder Jihan Wu and others for $4 billion. According to a letter provided to Chinese media outlet Jinse on June 21,

The South Korean government recently announced their intention to impose a tax on cryptocurrency, leading to backlash. Korean Yonsei University economist, Sung Tae-yoon, warned that the decision to tax crypto capital gains may slow the technology’s emerging market, according to Koreatimes on June 21.  Sung said that taxing the crypto market while it is still

Bitcoin (BTC) has been showing strength in recent days as the price rallied from $9,300 to as high as $9,800. However, more strength is seen from Ethereum’s Ether (ETH) — the second-ranked cryptocurrency by market capitalization — as this cryptocurrency rallied from $225 to $246. Let’s look at the ETH charts as Ether has been

Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor. In a June 18 interview on the YouTube channel Thinking Crypto, Adam Traidman, CEO of SBI Ripple Asia—a subsidiary of Japanese financial services giant SBI Holdings—Ripple has started to roll out its On-Demand Liquidity (ODL) solution in

Are you interested in purchasing Bitcoin? If so, it’s essential to understand the potential security risks surrounding it. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target.  Here’s what you need to know. Wallets Carry Risks Cryptocurrency enthusiasts use both hot and cold wallets to store their Bitcoin. A hot wallet has

Decentralized Finance (DeFi) has been a rapidly growing sector in the crypto space and although the volume of the DeFi ecosystem yet to surpass that of the general crypto market, the new way of lending and saving has garnered positive media coverage and “praise”.  DeFi shows great promise and the market is starting to reflect

Bitcoin (BTC) investors should buy BTC when whales do one thing in particular — bull runs begin several months later. That was the latest insight from Ki Young Ju, CEO of on-chain analysis resource CryptoQuant, who revealed that when whales withdraw Bitcoin from exchanges, it’s time to enter the market. Analyst: Buy BTC before whale

The investment guru who said Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually.  In an interview with the Asahi publication AERA dot on June 19, investor Jim Rogers said cryptocurrencies including Bitcoin (BTC) “will be in decline eventually and everything will go to zero.”  “Those

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Should Bitcoin traders stay bullish if BTC price corrects to

Ether (ETH) options are having a fantastic year, with open interest on Deribit — the largest market for these options — having surged 315% to $158 million over the past two months, breaking the $150-million barrier for the first time ever.  Even though Ether first came about only to serve the users of the Ethereum

Unlike traditional financial markets, crypto exchanges are largely unregulated, and virtually every Bitcoin (BTC) and crypto trader is familiar with various stories detailing the degree to which certain aspects of crypto market price action is manipulated.  Despite this, many traders feel like there is little they can do to avoid the whims of whales and

An eventful week for Bitcoin this week. It ended down nearly 5 percent but at one point, things were looking much worse. A collapse to $8,900 sparked talk of a three-month correction—which could be exacerbated by the expiration of more than 100,000 Bitcoin options next Friday.  So far at least, the correction appears to have