Category: Cryptocurrency News

Prices of the privacy-focused cryptocurrency monero are at an all-time high and could keep on climbing, the price charts indicate. Monero (XMR) moved past previous record highs near $210 earlier today and was trading at the new lifetime high of $240.12 soon before press time. As per CoinMarketCap, XMR has appreciated 19 percent in the last 24 hours. Activity on social media indicates the investor community has taken note of cybersecurity pioneer and eclectic personality John McAfee’s upbeat comments on the Read more …

Bitcoin’s meteoric rise in value has been nothing less than spectacular, but it has also been volatile, which has had less-seasoned investor nervous, to say the least. Like any stock or market, rising prices are celebrated, but a bull run is two-sided. On the one hand, a massive rise in value makes some people incredibly rich. On the other hand, it could lead to massive correction where a large amount of people start to sell their stock. When that happens, the Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitfinex, the world’s largest bitcoin exchange with a $657 million daily trading volume, has vowed to pursue legal action against critics. In a statement provided to Coindesk, Bitfinex in-house counsel Stuart Hoegner disclosed the company’s decision to cooperate with law firm Steptoe & Johnson to challenge “bad actors” in the space that have allegedly provided “false information” to “agitate the cryptocurrency ecosystem.” “To date, every claim made Read more …

Following the announcement that the renowned Old Mutual Gold & Silver Fund will be investing funds in Bitcoin, RT’s Max Keiser says they’re a bit late to the party. The American broadcaster is arguably one of Bitcoin’s biggest advocates and has been bullish on his stance and predictions for the cryptocurrency’s future. Ned Naylor-Leyland, head of Old Mutual’s Gold & Silver fund, has been slow on the uptake of Bitcoin. With most of their investments in precious metals, the fund Read more …

Sandra Phlippen of AD Newspaper, owned by a Belgian private news company, in the Netherlands is imploring citizens to spend all their Bitcoin now in order to avoid the supposed inevitable crash. The Economist states that Bitcoin is building to a point where, when – not if – it crashes, it will be so big that it would destabilize the real world economy. The argument goes that Bitcoin is already a threat to government and undermines the central authority of banks in Read more …

Featured Bitfinex has come out fighting after weeks of being on the backfoot. The bitcoin exchange, which has parried stinging accusations from the anonymous critic Bitfinex’ed, has had enough and called in the high-priced lawyers. Steptoe & Johnson is the company tasked with tracking down anyone perceived to have libeled the Hong Kong-based exchange – and it’s got one particular Twitter account firmly in its sights. Also read: Bitfinex Faces Further Scrutiny Over Tether Liquidity Concerns Bitfinex v Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A People’s Bank of China (PBoC) official has stated that he thinks bitcoin will end up floating down a river as a dead body. Speaking at a financial forum in Shanghai, Pan Gongsheng, a deputy governor of the PBoC, spoke about the central bank’s September decision to crack down on domestic digital currency exchanges and initial coin offerings (ICOs). According to him, it was ‘scary to think about’ Read more …

Consortium startup R3 has launched its Corda distributed ledger (DLT) platform on the Amazon Web Services (AWS) marketplace. Allowing AWS users to develop and deploy applications for finance and commerce – or use existing “CorDapps” from R3 – Corda has become one of the first DLT solutions available on the marketplace, according to an R3 blog post. David E. Rutter, CEO of R3, said the news marks a “milestone” for enterprise blockchain technology. Rutter continued: “Corda’s strength comes from its vibrant ecosystem Read more …

We all know the famous expression “Ethereum to the moon”. Well this time around, someone decided to do something similar. The clothing company, Pressco, will send the first ever Ethereum sweatshirt to space. It has been a great year for the Ethereum cryptocurrency and its x55 growth will be celebrated. For this so-called “Space Mission,” there was a need to choose a piece of clothing that conveyed an idea of Ethereum. As Ethereum and other cryptocurrency-based T-Shirts are already everywhere, Read more …

Chinese Bitcoin and Blockchain Angel Investor Chandler Guo has announced he will release his own Bitcoin hard fork – called Bitcoin God (GOD). In a tweet sounding not unlike a parody of recent fork announcements in Bitcoin, Guo said his chain would fork off from Core Dec. 25, “to be symbolic of me giving candy to all Bitcoin Holders.” When asked whether the idea was a joke, Guo confirmed it was “real.” “The total amount will be 21 mln. No Read more …

A lot has been said about Bitcoin Cash ever since it was created. Many people see it as a threat to Bitcoin. Others see it as yet another altcoin with little use. Bitfinex has a very interesting definition of BCH, to say the least. This exchange claims it is the original promise of Bitcoin as peer-to-peer electronic cash. An interesting statement that will most certainly irk a lot of Bitcoin enthusiasts. There is no reason to think Bitcoin and Bitcoin Read more …