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Another week, another round of Crypto Tidbits. At long last, Bitcoin and other large-cap cryptocurrencies are breaking higher. The market leader, for once, has posted a strong move over the past seven days, moving as high as $9,690. The pivotal $9,700 resistance was rejected — Bitcoin now trades for $9,650 as of this article’s writing. Yet analysts remain bullish that the move from the low-$9,000s indicates buyers are back in control. Chart of BTC’s price action over the past week from TradingView.com It’s important to note that Bitcoin’s macro volatility indicators…
While the winnings of a bank heist can be hard to track, it’s a different story for Bitcoin and crypto hacks. Unless hackers use mixing and privacy technologies, the coins they steal from exchanges and individuals can be tracked through the blockchain. This was recently shown to be the case with the BTC stolen from Bitfinex’s 2016 hack. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH Bitcoin From Bitfinex’s 2016 Hack Is Moving According to Whale Alert, an advanced blockchain tracker/analytics system, two…
Decentralized exchanges are generally liked for their transparency and lack of custody, reducing the trust requirements in their operators. Many centralized exchanges have been caught in a peculiar type of manipulation used to inflate their trading volumes. This was first highlighted by the Bitwise Report released in March 2019, which analyzed trading patterns on some of the platforms to conclude that up to 95% of reported Bitcoin trading volume at the time was essentially fake. One of the ways to inflate volume is the practice of wash trading, where a…
Bitcoin could be an integral piece to progressing the game of life, according to chess grandmaster Garry Kasparov. In a recent interview, the man widely considered to be one of the greatest chess players ever lauded Bitcoin, explaining that the decentralized digital currency is helping individuals to maintain personal privacy and liberty. He also explained that he believes it is only a matter of time before Bitcoin and other digital currencies garner greater mainstream adoption. Chess Grandmaster: Bitcoin a Solution to Out-of-Control Money Printing Garry Kasparov recently sat down with Forbes…
Swiss crypto financial services provider, Bitcoin Suisse completes its first financing round of $ 48 million (CHF 45 million). The completed Series A financing round now has Bitcoin Suisse’s 2019 pro forma equity totaling around $108 million. The financing round includes 16.4% of shares of BTCS Holding AG, consisting of 6.4% treasury shares and 10% newly issued shares. The authorized capital for the fully subscribed 10% capital increase was created at the extraordinary general assembly on June 30, 2020. Based on terms of the financing deal, Bitcoin Suisse is now…
It’s been an explosive past week for Bitcoin. After flatlining around $9,200 for weeks, the leading cryptocurrency surged as high as $9,690 on top exchanges during Thursday’s trading session. The cryptocurrency has since been rejected at that high, falling to $9,550 as of this article’s writing. This correction has not been welcomed. But Bitcoin stands to rally even further should it retest and surmount $9,700 in the near future, according to an analyst. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH Bitcoin Could…
Chainlink (LINK) is integrating with CenterPrime to bring a foreign exchange, or FX, rate data feed from the Korean banks to the DeFi space. “A breakthrough for Korean fintech industry” CenterPrime, a Hyperledger based project, has access to the Korean open banking API that streams FX rate data from several local banks. According to CenterPrime’s press release, this is a major milestone for the Korean fintech space. They noted: “This integration with Chainlink marks a major breakthrough for the Korean fintech industry. For the first time in history, applications will…
Following the parabolic rally that Chainlink saw just a couple of weeks ago, the cryptocurrency has been struggling to garner any significant momentum. Its price has remained stagnant, mostly trading below $8.00 as its buyers attempt to catalyze further buying pressure. Despite showing signs of near-term weakness, the cryptocurrency remains in firm bull territory over a mid-term time frame, as it is currently up from its 30-day lows of $4.40 that were set in late-June. Analysts are now cautioning against getting too excited about the cryptocurrency’s near-term outlook, however, as…