The Most Famous Financial Pyramids in the Crypto World

In addition to the obvious advantages in the form of anonymity, accessibility, ease of use and low cost of transactions, cryptocurrencies have some serious drawbacks that impede their global adoption. The main one is the connection between crypto and crime. Everyone who has studied this topic even superficially knows that Bitcoin (BTC) still remains a popular payment method among scammers and criminals on the darknet. Cryptocurrencies are very convenient tools for money laundering, evading taxes and cheating investors.  Today, I will talk about the most famous cryptocurrency pyramids, from which…

The Five Most Malicious Ransomwares Demanding Crypto to Watch Out For

As interconnectivity turns the world into a global village, cyberattacks are expectedly on the rise. According to reports, the tail end of last year saw a spike in the average amount of payments made to ransomware attackers, as several organizations were forced to pay millions of dollars to have their files released by malware attackers. Apart from the fact that the current pandemic has left many individuals and corporations vulnerable to attacks, the notion that cryptocurrencies are an anonymous and untraceable payment method has led many ransomware attackers to demand…

Crypto Tidbits: Bitcoin Stalls at $9k, Cardano Shelley, Elon Musk & Ethereum

Another week, another round of Crypto Tidbits. It’s been another boring week for the Bitcoin market. For all of the past seven days, the leading cryptocurrency has traded within 3% of $9,100, trading both above and below that level. Volatility indicators have continued to drop as a result of the consolidation, reaching crucial levels. Analysts expect this consolidation to break within the next few days and weeks as other markets, namely the S&P 500, establishes a trend as well. Chart of Bitcoin’s price over the past 10 days from TradingView.com Mike…

Here’s Why Ethereum’s Consolidation Could Result in an Explosive Move to $480

Ethereum has been consolidating over the past few days within the $220 region. Although on the surface its price structure seems similar to that of Bitcoin and its peers, it is important to note that it is currently stuck beneath its long-held trading range between $230 and $250. Its sustained bout of trading below this range is a grim sign, but analysts are noting that the crypto has remained above a couple of crucial technical levels. The ability to remain above these levels has led one analyst to set his…

Bitcoin and Ethereum Are a DeFi Double Act

Tensions between the Bitcoin and Ethereum tribes have been stirred by a trend that outsiders might see as a sign of harmony.  Throughout June, the amount of tokenized bitcoin on Ethereum, the bulk of it in WBTC, a special ERC2 token known as “wrapped bitcoin,” soared from 5,200 BTC to 11,682 BTC – now worth around $108 million – according to btconethereum.com. As is their wont, each faction described the growth of WBTC tokens, whose value is pegged one-to-one against a locked-up reserve of actual bitcoin, as proof of their…

Bloomberg Report: Active Bitcoin (BTC) Addresses Point Towards $12,000

In brief: The research team at Bloomberg has released the July 2020 Crypto outlook report.  The report explains that the number of active Bitcoin addresses points to demand that could push BTC to $12,000 in the near future. Furthermore, Bitcoin as an asset seems to be maturing based on the rising CME futures open interest.  Every month, the research analysts at Bloomberg release their highly informative Crypto Outlook report. The July edition was released yesterday, July 2nd and it highlights the growing demand for Bitcoin by investors and traders. By…

Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap

USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization. On July 3, 2020, USDC market cap broke the $1 billion threshold for the first time since the stablecoin was launched in October 2018. According to data from Coin360, the coin has seen sharp growth since March 2020. USDC, the second-largest USD-pegged stablecoin after Tether (USDT), is ranked the 17th largest cryptocurrency by market cap as of press time. USD Coin all-time chart. Source: Coin360 Announcing the news on Thursday, the…

Public Mint Rolls Out First Fiat Blockchain For Commercial Use – Blockchain News, Opinion, TV and Jobs

The creator of the first fiat-native public blockchain that allows people, companies, applications and banks to interact in frictionless new ways around money Public Mint, has opened up it’s doors to the commercial world. Public Mint, a programmable fiat blockchain that holds funds in insured banks and allows anyone to create their own digital money system of any size with or without a bank account, combines the best of the blockchain with secure, insured and regulated custodians of fiat funds. “The genesis of Public Mint was to allow regulated banks to…

Three Important Reasons Why Ethereum Could Tumble Below $220

Ethereum failed to continue higher above $233 and declined sharply against the US Dollar. ETH is now trading below the 100 hourly SMA and it could continue to move down. Ethereum broke the key uptrend support level near $228 and the 100 hourly simple moving average. The price is likely to resume its decline unless it surpass the $228 and $230 resistance levels. The bulls failed to protect this week’s ascending channel with support near $228 on the hourly chart of ETH/USD (data feed via Kraken). The previous support at…

Tech Entrepreneur Offers Bitcoin Bounty in Campaign Against Vox

Balaji Srinivasan has offered $1000 in Bitcoin to the first Twitter user who can get Vox’s technology news website Recode to retract a story about Silicon Valley’s ‘overreaction’ to COVID-19 in February. The former CTO of Coinbase made the offer on Twitter today. He specifically targeted Kara Swisher, the co-founder and editor-at-large of Recode. Srinivasan says he will give $1000 — or 0.11 BTC at the time of writing — to anyone who is able to provide “a timestamped reply from [Recode] agreeing to correct the piece” and a publication…