A recent article on Tesla resource website Evannex provides an insight into the same kind of market manipulation that the cryptocurrency industry is likely facing at present.Author Charles Morris details the consistent success that Tesla's electronic vehicles have had in the automotive industry and yet all the while the company consistently suffers at the hands of negative … [Read more...] about Tesla Article Echoes of Possible Crypto Market Manipulation
There is little question that something seriously strange is happening in the bitcoin market, which was devastated within a day. Within 24 hours BTC lost $1,000, around 15% of its value. There are two main theories to the crash. The first is the news of Goldman announcing that they would not be opening a crypto trading desk. The second, and far more likely, is that market … [Read more...] about Goldman and the USD 74 Million Short – Who Crashed the Bitcoin Market?
News has emerged that Alexander Vinnik, a Russian citizen, currently being held in a Greek jail suspected of heading up a cryptocurrency exchange that helped criminals launder billions of dollars, could prove to be an essential part of the Robert Mueller-led investigation into Fancy Bear, the name given to Russian military intelligence officers accused of influencing the 2016 … [Read more...] about Bitcoin Suspect Could Shed Light on Fancy Bear 2016 US Election Investigation
Following the Venezuelan decision to revalue its Bolivar to lose 95% of its value, bitcoin trading has risen to the highest levels on record. According to data from Coin Dance which tracks bitcoin trade volume, bitcoin trading is at all-time highs on P2P platform Local Bitcoins.In the weeks beginning the 18th and 25th of August, bitcoin trading was near 300,000,000 Bolivars … [Read more...] about Bitcoin Trading Highest on Record in Venezuela Amid Sovereign Bolivar Enforcement
Standing at $1.3 trillion, Bitcoin transactions have reached a higher value than PayPal’s in 2018. This means that more money has been passed between users of Bitcoin than users of PayPal. This is huge news for the industry, as it proves that cryptocurrency is, in fact, robust and valuable enough to beat conventional fiat platforms. Since the creation of Bitcoin, people have … [Read more...] about Bitcoin Transactions Surpass PayPal
Over the course of one single year, bitcoin mining has used twice as much electricity as the State of Qatar.A sovereign state with a population of over 2.5 million people uses half the electricity that bitcoin mining operations do over any given 12 month period.Let that sink in for a second. An unregulated industry Now, think about the current rules and regulations that we … [Read more...] about Bitcoin Mining and Crypto Pollution – Is Regulation the Answer?
One of the most common criticisms of bitcoin is its mining operations, which are held to consume more energy than the Republic of Ireland. BTC mining energy consummation and mining centralization issues are often cited as reasons why new generation cryptocurrencies are superior. But according to Dr. Katrina M. Kelly-Pitou Ph.D., of the University of Pittsburg, this fear is … [Read more...] about BTC Mining Consumption Fears Are Exaggerated by the Media
The cryptocurrency and blockchain sector is currently at a turning point, with some upcoming developments that present a potential for disruption in the near future.After months of declining value, many predict the cryptocurrency market value has reached 'the bottom,' and will soon begin a new bull run into 2019. However, the industry is faced with a few hurdles along the … [Read more...] about Crypto 2019: Issues with Potential for Disruption
On Wednesday the SEC rejected nine ETF applications including the ProShares Bitcoin ETF. The applications had been submitted by ProShares, Direxion, and GraniteShares with the decision on the ProShares ETF being due by yesterday at the latest. SEC Commissioner, Hester Peirce, took to Twitter yesterday to announce that the ETF decisions would be reviewed.The official … [Read more...] about Bitcoin ETF Decisions to Be Reviewed According to SEC Commissioner Hester Peirce
The SEC has just announced their decision on the ProShares bitcoin ETF. The SEC ruling states the reason for the rejection, is in part because of "the requirement that a national securities exchange’s rules be designed to prevent fraudulent and manipulative acts and practices." Most pundits were expecting the application to be rejected but with all markets, there are always … [Read more...] about ProShares Bitcoin ETF Decision Sealed
On August 20th, BlockFuse announced the creation of CoinMesh, an Integrated Development Environment (IDE) for litecoin and bitcoin app development. While there is much development going on in the DLT ecosystem, interoperability between blockchains and easy app deployment is going to take the industry to the next level. CoinMesh - the solution to litecoin and bitcoin app … [Read more...] about Bitcoin App Development Now Possible With New BlockFuse IDE
The Head of BitConnect India, Divyesh Darji, has been arrested in connection with a bitcoin investment scam. Ponzi scheme Indian CID swooped shortly after Darji arrived at Delhi airport from Dubai, with Inspector PG Narwade of the Criminal Investigation Department of Gujarat police commenting that "Darji was living in Dubai. A look-out circular was issued against him. The … [Read more...] about Head of BitConnect India Arrested in Connection to Bitcoin Investment Scam
The relationship between crypto and politics is dysfunctional but could be improving as news is surfacing that political candidates running for office in California could soon be accepting crypto donations.The news came out of a California Fair Political Practices Commission meeting on Thursday that discussed some issues relating to elections and the acceptance of crypto … [Read more...] about Political Candidates in California to Accept Crypto Donations?
Recent news of the Turkish Lira crisis has highlighted that volatility is not exclusive to Bitcoin and other cryptocurrencies.A drop of 16 percent on August 10th, which signaled an astounding 45 percent collapse since this time last year has seen a marked increase in bitcoin trade volume, which has prompted Turkish government officials to consider the idea of creating … [Read more...] about The Turkish Lira Crisis, and the Role Bitcoin May Play – Views From the Crypto Experts
Investors tired of waiting for a decision by the U.S. Securities Exchange Commission (SEC) on an upcoming bitcoin exchange-traded fund (ETF) now have an alternative - a bitcoin ETN.As reported by Bloomberg, Swedish company XBT Provider, a subsidiary of UK-based company Global Advisors Limited, has created an exchange-traded note (ETN) called 'Bitcoin Tracker One' that can be … [Read more...] about Forget the ETF, Trade BTC/USD Now With a Bitcoin ETN
If Wall Street can inspire a myriad of movies, a cryptocurrency movie shouldn’t be a strange or wildly overreaching concept. If you are a fan of movies and crypto, two American film producers have been discussing a crypto-inspired movie that will star acting legend, Kurt Russell.As crypto and art come together more and more, a cryptocurrency movie seems like the next logical … [Read more...] about American Film Producers Discuss Cryptocurrency Movie Starring Kurt Russell
Ex-Paypal CEO Bill Harris has never been one to hide his feelings when it comes to Bitcoin and cryptocurrency in general.At the end of April, he made claims that investors were “drinking the bitcoin Kool-Aid,” and maintained his long-held opinion that Bitcoin is nothing more than a scam. There’s no value according to Bill Harris Speaking to CNBC on their Fast Money segment, … [Read more...] about Ex-PayPal CEO Bill Harris Claims Bitcoin Is ‘Useless’ and ‘Ridiculous’
The leading provider of enterprise blockchain solutions and multi-cryptocurrency wallet Ethos has announced it is integrating with Simplex to enable altcoin and bitcoin purchases with credit cards and debit cards.Simplex is a FinTech firm, which provides online merchants with fraud-free payment processing. The company’s automated system facilitates online payment processing … [Read more...] about Ethos Announces Integration with Simplex Enabling Altcoin and Bitcoin Purchases with Credit Cards
We’ve all been there, that initial moment when we lay eyes on the key to our first crypto wallet with its complex combination of numbers and letters. Well, Crypterium believes they have a more user-friendly option.Headed up by CEO Marc O’Brien, a former CEO of VISA UK for six years, this blockchain-based startup is bringing an alternative method of transferring crypto to the … [Read more...] about Former VISA CEO’s Startup Crypterium Offers Way to Transfer Crypto via SMS
Ahead of the impending Bitmain IPO, it would appear the cryptocurrency mining giant is holding a massive, illiquid stock of bitcoin cash (BCH).Following up on a post back in March this year, a medium user has updated details from an investigation into risks related to the upcoming Bitmain IPO. Specifically, as predicted back in March, Bitmain could suffer huge losses as a … [Read more...] about Is the Bitmain IPO the Biggest Exit Scam Crypto Will Ever See?