Category: Cryptocurrency News

A major financial institution getting involved in cryptocurrencies is usually big news. With the prolonged US government shutdown hampering a number of long awaited crypto funds, large investment companies are seeking alternative ways to enter crypto markets. Fidelity Crypto Custody Coming According to Bloomberg Fidelity Investments is planning to launch its Bitcoin custody services in March. The mutual fund giant is hoping to ease the fears that institutional investors may have about the highly volatile and somewhat technical world of Read more …

Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018. Like TSMC, who provide chips to Bitmain, they prominently attribute some of their losses to the downturn in demand for cryptocurrency. Less demand amounts to less need for mining, which subsequently lessens the demand for mining hardware. Co-president Jason Wang said: Looking into the first quarter of 2019, we anticipate further deceleration in customers’ wafer demand, due to a softer than Read more …

Crypto markets level out after two days of dumping, EOS, Tron, Cardano regaining, Stellar still sliding. The crypto market free fall that started on Monday has slowed up mid-week. That is not to say that further declines are not around the corner, in fact quite the opposite, another dump is expected on Friday. Total crypto market capitalization is still very low, below $114 billion. Bitcoin is struggling to overcome new resistance levels that strengthen every time it falls. The current Read more …

News A recently released report confirms a well-known observation – crypto-focused events are still largely male-dominated, not only in terms of registrants in general but also speakers. According to another finding, almost half of the attendees at the studied forums came from the U.S.   Also read: Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests Crypto Industry Events Remain Male-Dominated The research conducted by event software platform Bizzabo covers 100 conferences across 15 countries. These are all events visited Read more …

Bitcoin price traded to a new monthly low towards $3,340 and later recovered against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $3,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may start a short term rebound if there is a proper break above $3,450 and $3,480. Bitcoin price dipped to a new yearly low and later recovered against the US Dollar. BTC could decline once again if Read more …

The US tax season has begun, and this might finally be the year to declare your bitcoin and crypto-assets. Sure, bitcoin taxes can be complicated, but research suggests that 61% of holders don’t realize they can write off last years losses as a tax deduction. Bitcoin? What Bitcoin? 3 years of solid (53 percent in 2015) to phenomenal (1245 percent in 2017) growth, have seen bitcoin gains conveniently overlooked on many tax returns. But with bitcoin losing over 70 percent of Read more …

Elementus, the blockchain data science firm which initially figured out that the Cryptopia hackers had gotten away with about eight times the amount reported, has another bombshell report regarding Cryptopia. The hackers who originally made off with some $16 million worth of crypto tokens have struck again after a 15-day hiatus. Elementus previously noted that many Cryptopia wallets were still vulnerable to attack. Elementus CEO Max Galka writes: Among the wallets affected are the 1,948 at-risk wallets https://github.com/elementus-io/cryptopia-hack we identified Read more …

Ripple price remained below the $0.2900 and $0.2950 resistance levels against the US dollar. There are two bearish trend lines in place with resistance near $0.2900 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of more losses as long as it is trading below the$0.2900 and $0.2950 resistance levels. Ripple price is facing a lot of hurdles on the upside against the US Dollar and Bitcoin. XRP/USD is likely to Read more …

Reviews On Jan. 17, the blockchain and cryptocurrency company OB1 released Openbazaar version 2.3 which provides users with the ability to use a multi-currency wallet within the marketplace. Since then, there’s been a large number of added listings and an increased amount of people trading cryptocurrencies in a peer-to-peer fashion. Also read: Inspired by Unwriter’s Apps, BCH Developers Create Fountainhead Cash Experimenting With Openbazaar Version 2.3 and the New Multi-Currency Wallet With Openbazaar 2.3 now out, I decided to explore the Read more …

ETH price stayed below the $107 resistance level, with bearish signs against the US Dollar. There is a major bearish pennant formed with resistance near $106 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate losses below the $100 level if there is a bearish break below $103. Ethereum price is forming a bearish continuation pattern against the US Dollar and bitcoin. ETH/USD remains at a risk of more losses as long as it is Read more …

Two weeks after it first reported a hack, New Zealand-based cryptocurrency exchange Cryptopia is still compromised by cyber criminals, according to a blog post from blockchain infrastructure firm Elementus on Jan. 29. The exchange suspended services after detecting a major hack that reportedly “resulted in significant losses” on Jan. 15. Cryptopia stated that the hack occurred the previous day on Jan. 14. The platform initially stated that it was undergoing unscheduled maintenance, issuing several brief updates before disclosing the breach. On Read more …

Economy & Regulation Iran is exploring various options, including holding negotiations with other countries to introduce cryptocurrency in global trade, as the Islamic state moves to sidestep U.S. economic sanctions. Mohammad-Reza Modoudi, the acting head of Iran’s Trade Promotion Organization (TPO), said the country was negotiating the use of cryptocurrency in its financial transactions with eight countries. Also read: Cryptocurrency is Providing a New Lucrative Revenue Stream for Governments Negotiations Aim to Dismantle U.S. Dollar Hegemony Speaking to local Tasnim news Read more …