Category: Cryptocurrency News

After an extended period of sideways trading, Bitcoin (BTC) experienced a large downwards swing yesterday that caused the cryptocurrency to break below it previously established support level in the low-$3,500 region. Although this drop seemed significant, BTC has found support in the $3,400 region, and it is still holding steady well above its 2018 lows that are likely to act as a strong level of support if they are visited in the near-future. Bitcoin Holds Above Support Around $3,000 Last Read more …

A health startup tied to a public cryptocurrency is using overstated language about some of its industry relationships and its affiliation with crypto exchange Coinbase as it seeks to sell tokens to investors, a CoinDesk investigation has found. Mexico City-based Doc.com, which offers an app that provides healthcare and psychology consulting to underprivileged communities, also features a built-in wallet for the startup’s cryptocurrency, MTC. The venture-backed startup raised over $1.8 million in an initial coin offering (ICO) in 2018, then Read more …

The bitcoin price on Tuesday continued to pursue its downward trajectory, albeit finding decent support at one of the downside targets. The climate is not favorable for establishing long-term positions, but a few well-timed day trades can help you make the most out of the market’s recent bearish turn. Bitcoin Price Not Favorable for Long-Term Trades BTC/USD opened the Asian trading hours at $3,433, down 0.43 percent from yesterday’s high. The pair fell as much as 2.87 percent as the Read more …

Major United States-based firearms marketplace GunBroker.com will integrate a new stablecoin dubbed “FreedomCoin” as a payment method, according to a press release from the coin’s developers, Jan 29. Blockchain startup ICOx Innovations announced the coin today as a “new regulatory compliant corporate currency.” According to the firm’s press release, the token will be used to make purchases on GunBroker.com — reportedly the world’s largest website for hunting and sport shooting firearms. The site has reportedly 4.7 million customers and sees Read more …

Security A new report alleges that just two groups of hackers dominate the majority of cybercrime directed against cryptocurrency exchanges. Together, these groups have responsible for stealing about $1 billion of cryptocurrency so far. Also Read: Arwen Enables Self-Custody for Traders of Centralized Exchanges The Most Lucrative of All Crypto Crimes Digital surveillance company Chainalysis has released its latest “crypto crime” report, claiming to identify two groups responsible for the majority of hacks in the field. Its findings were obtained Read more …

American investment firm Fidelity, which administers over $7.2 trillion in client assets, will purportedly launch its Bitcoin (BTC) custody offering in March, Bloomberg reports on Jan. 29 Citing unnamed sources familiar with the matter, Bloomberg states that this is the next step in a plan that started in October 2018, when Fidelity announced the launch of a new company, Fidelity Digital Asset Services. The new company will purportedly offer custody and trade execution services for digital assets, targeting institutional investors Read more …

Yesterday, much like any other day, I received dozens of press releases from blockchain companies and crypto public relations firms, the bulk of which were anything but newsworthy. However, given my personal interest in hunting and shooting sports, one immediately piqued my interest: GunBroker will start accepting cryptocurrency payments. Major Firearms Marketplace Embraces Cryptocurrency GunBroker, for non-shooting sports aficionados, is one of the most popular online platforms for third-party firearm sales. Using the platform, buyers and sellers throughout the United Read more …

The two most recognisable names from the Bitcoin Satoshi’s Vision (BTCSV) side of the Bitcoin Cash hard fork that occurred last November are adamant that the cryptocurrency agreed upon by the market as the original Bitcoin (BTC) chain is going to plummet in price. In fact, Craig S. Wright and Calvin Ayre are so bearish on the digital asset that they state that the price is going to eventually bottom out at zero. The primary reason cited for the expected Read more …

The majority of financial advisors believe that Bitcoin will increase in price over the next half-decade.  This finding comes from a Bitwise Asset Management’s and ETF Trend’s inaugural “Bitwise/ETF Trends Survey of Financial Advisor Attitudes Towards Cryptoassets,” which surveyed more than 150 financial advisors — including independent broker-dealer reps, financial planners, and wirehouse reps — last month. As reported in a press release, cryptocurrencies and cryptoassets are very firmly (and unsurprisingly) on the investment radar. Nearly 80 percent of all respondents Read more …

Fidelity Investments’ new crypto custody service may officially launch in March. The storage component of Fidelity Digital Asset Services LLC (FDAS) is already live, with some assets under management, a person familiar with the situation told CoinDesk Tuesday. Bloomberg reported, in a story initially available only on its terminals, that Fidelity was aiming for March for a formal launch. “We are currently serving a select set of eligible clients as we continue to build our initial solutions,” the company said Read more …

Ukraine-based crypto exchange Liqui is shutting down its services, citing a lack of liquidity, Cointelegraph Japan reports today, Jan. 28. Liqui said it decided to close all accounts and stop providing services because it currently does “not see any economic point in providing” them in a statement posted on its official website, Jan. 28. The crypto exchange claimed that it has informed its clients about the issue, and stated that withdrawal of digital assets will be available within 30 days Read more …

Apple is set to report its first-quarter earnings after Tuesday’s closing bell. As it readies, it’s dealing with the fallout of a bug on its FaceTime app that was allowing people to listen in on others’ conversations. Not only did the bug make Apple look bad on Data Privacy Day, but it could have been discovered by a teen, whose mother tweeted relentlessly about the find as early as Jan. 20. Apple didn’t address the issue on its support site Read more …