blockchain

Breaking: Crypto Exchange Livecoin Announces Closure After Failing to Resolve Issues Post Hack

Livecoin, one of the largest Russian exchanges just announced that it will be closing down operations. The official announcement noted that the exchange could not recover from the financial and technical losses incurred due to a hack in December 2020. Thus they have decided to seize their operations and return the remaining funds to their
The post Breaking: Crypto Exchange Livecoin Announces Closure After Failing to Resolve Issues Post Hack appeared first on Coingape. …

blockchain

Litecoin price prediction: LTC to $200, analyst

TL;DR Breakdown Litecoin price prediction expects a rise towards $200. Litecoin must hold the crucial support found at the $100 mark. Strong resistance currently lies at the $147 mark. Strong support currently lies at the $129 mark. Following the cryptocurrency market, Litecoin price followed a descending channel since 14th January. The sharp downward trajectory does appear […] …

blockchain

DeFiMAGIC‌ ‌Demonstrates‌ ‌NFT‌ ‌Use‌ ‌Case‌ ‌on‌ ‌Ardor‌

2020 saw a surge in defi and non-fungible token (NFT) activity happening on Ethereum as excitement grew around the prospect of yield farming and investing in the new world of digital collectibles. Inspired by this growing interest, members of the Ardor community set out to develop DeFiMAGIC, harnessing the features of the multi-chain platform including […] …

blockchain

AC Milan to Launch ACM fan token with Chiliz

TL:DR Breakdown: AC Milan has signed a multi-year partnership with Socios.com Under the partnership, the Italian club will launch its ACM fan token. Since the past year, the cryptocurrency sports movement has been gaining traction as popular football clubs has joined to improve fan engagement. On Monday, the Italian professional football club, AC Milan, announced […] …

blockchain

Russian exchange, Livecoin terminates services after abrupt hack

TL;DR Breakdown: Livecoin has decided to close its business and repay users. The exchange was involved in a cyber-attack that took away their control of the platform. Livecoin, one of the long-running digital currency exchanges in Russia, has been forced to shut down its services after several attempts to regain control of the platform’s server. […] …

blockchain

Former U.S. Treasury Secretary Larry Summers Says Bitcoin (BTC) Is Here to Stay, Former Canadian PM Calls It Reserve Currency

Bitcoin (BTC) remains a hot topic of discussion among top delegates and institutions of the world. The former U.S. Treasury Secretary Larry Summers has recently endorsed Bitcoin saying that it is here to stay. During an interview with the Bloomberg Wall Street Week, Summers said: “I think some institution, like Bitcoin (BTC), is here to stay.
The post Former U.S. Treasury Secretary Larry Summers Says Bitcoin (BTC) Is Here to Stay, Former Canadian PM Calls It Reserve Currency appeared first on Coingape. …

Bitcoin Price Battles for $36K As Market Cap Reclaims $1 Trillion (Market Watch)

The crypto market cap reaches $1 trillion again as BTC recovered from its weekend slump, while BNB and LINK paint new records. …

blockchain

US Coinbase backs Bahrain-based crypto exchange

TL;DR Breakdown:  Rain Financial is now a Coinbase-backed crypto exchange. The exchange raised $6 million in a new funding round that included the US exchange and MEVP. The leading United States cryptocurrency exchange, Coinbase, is now backing one of the leading cryptocurrency startups in Bahrain, Rain Financial, following the company’s Series A funding round. Rain […] …

blockchain

Bitcoin exchange operator seeks compensation over banned bank accounts

TL;DR Breakdown: A Bitcoin exchange operator in Australia has filed proceedings against Westpac and ANZ. The banks were alleged to have closed his accounts lawfully, which affected the exchange operation. An Australian Bitcoin exchange operator and the trader has filed proceedings against two banking institutions in the country, namely Westpac and ANZ, according to a […] …

blockchain

Ripple price prediction: XRP towards $0.30, analyst

TL;DR Breakdown Ripple price prediction expects a rise to the $0.30 mark. Strong resistance currently lies at the $0.282 mark. Strong support currently lies at the $0.272 mark. Ripple secures new partnerships amidst SEC’s lawsuit. Ripple has been in the hold of strong bearish pressures since the beginning of the year and pressures do not […] …

blockchain

Mitsubishi to optimize energy trading on blockchain

TL;DR Breakdown: Mitsubishi is developing an energy trading system with Tokyo. The platform will use blockchain technology to facilitate transactions. Mitsubishi Electric, one of the core subsidiaries of Mitsubishi, announced on Monday the development of a new blockchain-based system geared towards energy trading. The blockchain system was developed in partnership with one of Japan’s largest […] …

blockchain

JPMorgan: $100 Million/Day Must Flow Into Grayscale Bitcoin Trust To Push BTC Above $40,000

JPMorgan analysts state that Bitcoin (BTC) can see a further downside if it fails to make a strong move upwards to $40,000. The analysts said that unless BTC registered a strong “break-out”, it can see consistent profit-booking at this stage. Nikolaos Panigirtzoglou, the lead strategist at JPMorgan said that they are currently keeping a close
The post JPMorgan: $100 Million/Day Must Flow Into Grayscale Bitcoin Trust To Push BTC Above $40,000 appeared first on Coingape. …

blockchain

Curve (CRV) erupts 50% higher in a day amid renewed DeFi interest

The majority of decentralized finance (DeFi) coins have seen extremely strong rallies since the start of 2021.
The post Curve (CRV) erupts 50% higher in a day amid renewed DeFi interest appeared first on CryptoSlate. …

blockchain

ETH supply ratio on a steady decline

TL;DR Breakdown ETH ratio of supply has dropped massively in recent times. Increased DeFi users would lead to more demand for the second-largest crypto asset. Ethereum’s ratio of supply has dropped massively. The ratio of supply is a metric used to measure the total available token on crypto exchanges. According to Santiment, the last time […] …

blockchain

Mt Gox compensation for victims to roll out soon

TL;DR Breakdown CoinLab set to compensate MT Gox victims Mixed feelings trail  CoinLab proposal Victims of the 2014 Mt Gox incident now have something to be hopeful about as help seems to be on its way. Following several postponements of Mt Gox compensation or rehabilitation for victims, CoinLab Inc., alongside Nobuaki Kobayashi, plans some form […] …

January’s Spotlight: Meet Cartesi (CTSI)

There have been various fundraising mechanisms in the cryptocurrency space that gained and then fell out of popularity over the years. Starting with ICOs (initial coin offerings), moving to IEOs (initial exchange offerings), and now IDOs (initial DEX offerings), the way in which projects raise funds has continued to evolve. Although currently ICOs are almost […] …

blockchain

Ripple legal strategy against SEC lawsuit revealed —Report

TL;DR Breakdown Ripple prepares defense for SEC lawsuit. The pretrial conference of the case is set for February 22. A new report has shown how Ripple is planning to defend the lawsuit filed against it by the Securities and Exchange Commission (SEC) of the United States. Yahoo Finance published the report. According to the lawsuit, […] …

blockchain

China’s BSN is building a Universal Digital Payment Network

TL;DR Breakdown China’s Blockchain Service Network (BSN) wants to build a universal digital payment network. The Asian country has taken bold steps towards embracing blockchain technology and digital currencies. China has begun working on a new blockchain initiative. The project, tagged Blockchain Service Network (BSN), is geared towards integrating international Central Bank digital currencies (CBDC). […] …

blockchain

Ethereum Rival NEAR Protocol Rallies 106% As DeFi Gains More Presence

Smart contracts facilitator and blockchain platform NEAR Protocol has gained 106% in the last month. The recent consolidation of the platform has attracted the attention […] …

Bitcoin Price Analysis: BTC Correction Is Not Over Yet, $30K Before $40K?

Another volatile weekend: the Bitcoin price is down by 7% over the past 24 hours after losing critical support at $36,000. Only three days ago, the cryptocurrency pushed over $40K but failed to close above the benchmark level. After failing at $40K, BTC started losing altitude on Friday as it broke beneath a short term […] …

blockchain

Bitcoin price dip below $34,000

TL;DR Breakdown Bitcoin price dropped below $34k in the last 24 hours. Almost $500 million crypto futures were liquidated. In the last 24 hours, almost $500 million cryptocurrency futures positions were liquidated when the Bitcoin price dropped below $34k. As of last night, the leading crypto asset saw its value increase by close to 7%. […] …

blockchain

Chainlink price prediction: LINK moves towards $18 support after rejection yesterday

TL;DR Breakdown  LINK/USD currently trades around $20   After a rejection yesterday, Chainlink continues moving lower  Strong support still around $18  Chainlink price prediction for next week is still bearish as the LINK/USD has exhausted itself. LINK currently trades around $20, with a market cap of $8.1 billion.  Cryptocurrency heat map by Coin360 Chainlink Price Prediction: […] …

blockchain

CBDC: Central Banks will do all to frustrate Bitcoin

TL;DR Breakdown Frank Giustra says that governments would stifle Bitcoin growth because of their CBDC projects. China launches a Digital Yuan ATM. Billionaire investor, Frank Giustra, has said that governments and central banks in the world will do all they can to stifle the growth of Bitcoin. In an interview with Daniella Cambone of Stansberry […] …

blockchain

31 Bitcoins Worth Over $1 Million Recovered From Jailed Hacker

The Indian police have reportedly recovered $1.1 million worth of Bitcoins from a 25-year-old jailed hacker, Srikrishna, who possessed the assets through fraudulent deeds. Srikrishna, a computer science graduate, who is also called Sriki among his peers, is allegedly a drug dealer and has been previously convicted and arrested over several criminal charges. Aside from […] …

blockchain

Mizuho Forecasts $2 Billion In Bitcoin Revenue For PayPal

Paypal introduced cryptocurrency to its platform last year in what turned out to be a major headliner in the world of crypto. Analysts predicted that the decision of the world’s largest payment processor to enable its users to buy and hold cryptocurrencies will provide the turning point required for crypto to go mainstream. By launching […] …

blockchain

Mizuho Forecasts $2 Billion In Bitcoin Revenue For PayPal

Paypal introduced cryptocurrency to its platform last year in what turned out to be a major headliner in the world of crypto. Analysts predicted that the decision of the world’s largest payment processor to enable its users to buy and hold cryptocurrencies will provide the turning point required for crypto to go mainstream. By launching […] …

blockchain

Bitcoin adoption: real applications and users would push BTC mainstream

TL;DR Breakdown Andrey Sergeenkov says real-world use cases would boost Bitcoin adoption. Bitcoin is now being used to hedge against inflation. Famous crypto trader and journalist Andrey Sergeenkov think that Bitcoin adoption would be driven by real-world use cases and not institutional investors. He made this known in a recent article he wrote on Cointelegraph. […] …