Category: Cryptocurrency News

The Takeaway Facebook’s Libra white paper includes a brief but potentially seismic nod to digital identity standards. With 2 billion users worldwide, Facebook may be able to succeed where others have failed in jump-starting a globally accepted digital ID. Some identity experts say this is even more important than the cryptocurrency, but others question how much control Libra would give users and find its approach overbearing. Buried in Facebook’s Libra white paper are two short sentences hinting that the project’s Read more …

The people questioning bitcoin’s success have almost used up all their reasons, because, for the first time in more than a year, the price of the token has reached $12,600 and will hopefully go beyond that. Bitcoin Has Been Pronouced Dead 300 Times Co-founder and managing partner of Nexo, a digital currency lending firm, Antoni Trenchev during an interview stated that bitcoin has been pronounced dead several times. To be exact: 90 times last year and over 300 times in Read more …

Elon Musk’s SpaceX had another high-profile launch early Tuesday morning. SpaceX’s Falcon Heavy spacecraft launched from Florida in a critical test of its ability to deploy two dozen satellites in three different types of orbits within a limited time frame. If one is going to be a circus entertainer and carnival barker, one best have the greatest show on earth. Elon Musk put on a great show last year when SpaceX launched its Falcon Heavy rocket and also managed for Read more …

Digital asset markets have been on a tear lately, gaining $68 billion in five days. Currently, there’s over $100 billion in global trade volumes and crypto bulls don’t seem to be letting up any time soon. Also Read: How to Find a Bitcoin Cash Meetup Near You The Cryptoconomy Captures $368 Billion Cryptocurrency markets have seen incredible gains over the last few weeks and between a few small corrections, prices continue to rise. The price of bitcoin core (BTC) has Read more …

Imgur, a popular image hosting site, revealed it has received $20 million in venture equity from Coil, a micropayments tool for content creators. In addition to the funding, Imgur has agreed to build Coil into its platform, which receives 300 million monthly users, to provide micropayments to users who view content, according to a report from TechCrunch. The partnership will also be marked by a forthcoming premium Imgur membership with exclusive features and content for Coil subscribers. A $5 per Read more …

The government of Iran will be cutting off electricity for crypto mining until a new policy for energy prices is approved, said reports from local news agency Iran Daily. An Iran Ministry of Energy official, Mostafa Rajabi MASHHADI, publicized that the country experienced a 7% increase in electricity consumption in the past month. He pointed out how unusual the surge is, paralleling it with similar periods in recent years. “… a bulk of that unusual increase is because of the Read more …

Bitcoin IRA, a firm that offers crypto for individual retirement accounts (IRAs), is partnering with BitGo to offer full insurance plans on these accounts.  BitGo announced that its custody arm, BitGo Trust, has prepared a $100 million fund in cold storage to be used for this insurance. Bitcoin IRA as a whole has made $350 million in IRA crypto asset transactions since the company’s launch in 2016. Although the cold storage reserves that BitGo has dedicated to this insurance will Read more …

Throughout May 2019, United Kingdom-based nonprofit organization Oxfam International executed a month-long trial that saw MakerDAO’s DAI stablecoin distributed as a means of exchange among citizens of Vanuatu. The Oxfam initiative, named UnBlocked Cash, was conducted in partnership with MakerDAO, ConsenSys and Australian tech startup Sempo. The Australian government also supported the program. Tsunamis, cyclones and volcanic eruptions comprise a constant concern for the citizens of Vanuatu, with WorldRiskReport describing it as the world’s most at-risk nation to natural disaster Read more …

As its bid to improve its crypto data offering continues, CoinMarketCap is snapping up a firm building technology said to provide a “true price” for cryptocurrencies. In a move that marks its first ever acquisition, CoinMarketCap said in press release Wednesday that it is purchasing Hashtag Capital, a startup developing algorithms that analyse “all points of available liquidity” in order to more accurately reflect an asset. Hashtag had originally been an absolute returns crypto trading fund, and began working on ways to create better quality markets Read more …

The price of bitcoin is racing higher day after day, and it looks like the good times won’t be ending anytime soon. A clutch of analysts and traders believe that the price of bitcoin could hit new highs in the coming days or months, and brokerage firm eToro has joined the chorus. Simon Peters, an analyst at eToro, estimates that the bitcoin price could hit new all-time highs in a matter of two weeks at the most. In an email Read more …

BitPay has revealed that it has processed over $37 million in cryptocurrency-denominated donations since 2017. Charitable organizations that accept bitcoin donations through BitPay may be able to broaden their donor bases to those who use cryptocurrency, while the processor protects them from the price volatility that can occur with bitcoin transactions.  The Power of Bitcoin Donations The Tony Hawk Foundation (THF), for instance, is the latest major nonprofit charity to accept cryptocurrency donations through BitPay. THF, established in 2002 by Read more …

The European Union Agency for Law Enforcement Cooperation (Europol) announced in a press release that it has detained six individuals that were involved in a $27 million crypto scam. The release states that Europol worked together with two U.K.-based law enforcement agencies, the National Crime Agency (NCA) and the South West Regional Cyber Crime Unit. The investigation also involved collaboration with the Dutch police and Eurojust, an E.U.-led judicial agency. According to Europol, the crypto scammers were five men and Read more …