Category: News

Bitcoin’s Price May Rise after Congress Hearings on Facebook’s Libra Сryptocurrency

Investors hold their breath in anticipation of Congress Hearing on Facebook’s Libra set up for July 16-17. What’s in store for Bitcoin? David Marcus, the head of the department that manages Libra project at Facebook, will soon have to testify to the Senate Banking Committee and the House Financial Services […]

Crypto Analyst: Bitcoin Stock-to-Flow Predicts Leading Crypto Will Shatter $10 Million – BTC, Ethereum, XRP, Litecoin Forecasts

A crypto analyst known for applying the stock-to-flow ratio to Bitcoin has revealed a set of massive calls on where the price of BTC may be heading. Stock-to-flow is typically used to analyze precious metals, and calculates the current supply of a given commodity divided by the amount produced per […]

Bitfinex announces revenues from margin trading funds dedicated to LEO

Bitfinex was dragged into a controversy with Tether, the largest stablecoin, where the exchange was allegedly covering a loss of $850 million with Tether funds. The situation escalated in the community and Tether ended up dropping down to $0.96. The stablecoin quickly recovered its valuation but Bitfinex lost its standing […]

US Treasury Secretary Slams Bitcoin, Crypto and Libra As a ‘National Security Issue’

In a press conference on Monday, US Treasury Secretary Steven Mnuchin called Facebook’s controversial digital asset, Libra, along with Bitcoin and cryptocurrencies, a “national security issue.” Just days after President Trump came out swinging against Bitcoin and crypto, Mnuchin issued his own warning about the technology. “Cryptocurrencies such as Bitcoin […]

Can Trump Ban Bitcoin?: Here’s What Analyst Alex Kruger Alludes

On July 11th, the president of the United States went on a Twitter tirade speaking about his distaste for cryptocurrency, bitcoin, and Facebook’s Libra. Following this announcement, bitcoin prices remained unaffected. However, this past weekend has seen a downtrend with bitcoin even trading below $10,000. Crypto veteran analyst and trader […]

Binance Successfully Concluded Its Mainnet ’Galileo’ Upgrade

Binance has reported the successful completion of scheduled Binance Chain Mainnet ‘Galileo’ hardfork upgrade that took place at block height 20,300,000. The Binance Chain Mainnet has completed the upliftment of its testnet services right after the commemoration of its second anniversary. The number one cryptocurrency exchange by volume has recently […]

US Treasury Secretary Mnuchin Is ‘Not Comfortable’ With Facebook’s Libra

U.S. Treasury Secretary Steven Mnuchin agrees with his boss that crypto is for crooks. In a press conference Monday, Mnuchin voiced the Trump administration’s concerns with Facebook’s Libra and cryptocurrencies like bitcoin. Mnuchin’s statements come ahead of two hearings on Capitol Hill this week, in which Facebook blockchain lead David Marcus is expected […]

Set Protocol Launches Ethereum Trading Strategy Bots

Set Labs, San Francisco-based investment platform, unveiled an Ethereum-based financial trading instrument that captures crypto’s volatile attributes for the investor’s benefit. The “Trend Trading ETH 20 Day Simple Moving Average Crossover Set” uses a two year back-tested “moving average” to capture the momentum of price swings and limit losses in […]

Is Lightning Network’s ‘Justice’ stern enough for thefts that occur on Bitcoin’s 2nd layer solution?

Lightning Network, is so far, the best second layer solution that Bitcoin has witnessed in a very long time. BitMEX Research’s third article on LN dives deep into the punishment system for premature and non-informed closure of nodes. As seen in the image below, there are four ways a Lightning […]