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

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

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

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 […] …

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

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

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. […] …

blockchain

Institutions Are Back, Grayscale Bitcoin Trust Purchases Nearly 10,000 Bitcoins (BTC) In Three Days

While Bitcoin (BTC) has been trading currently in downward pressure of around $36,250, institutions and whales have started accumulating once again. The Bitcoin (BTC) price is down by more than 10% over the last week, and Grayscale Bitcoin Trust (GBTC) has entered a buying spree once again. Over the last three days, Grayscale has accumulated
The post Institutions Are Back, Grayscale Bitcoin Trust Purchases Nearly 10,000 Bitcoins (BTC) In Three Days appeared first on Coingape. …

blockchain

Wall Street investor advises more investors to put a few percent into Bitcoin

A large narrative over the past few months is the introduction of institutional capital to the Bitcoin space.
The post Wall Street investor advises more investors to put a few percent into Bitcoin appeared first on CryptoSlate. …

blockchain

Michael Novogratz’s Galaxy Digital to Jump Into BTC Mining

The new BTC mining establishment will focus on offering expertise and financial services to crypto miners. It will also launch its own project to mine Bitcoin on a proprietary basis. …

blockchain

US legislator reintroduces crypto crime bill

TL;DR Breakdown Ted Budd reintroduces crypto crime bill Ted bill comes in wake of capitol invasion Towards putting an end to terrorist use of cryptocurrencies, Ted Budd, a US legislator, has reintroduced his Financial Technology Protection Act. The US legislator back in February 2018 and January 2019 introduced the bill as the house passed it […] …

blockchain

Bloomberg: Imperative for Bitcoin (BTC) to Surge If Ethereum (ETH) Has to Cross $1300

Bitcoin (BTC) and Ethereum (ETH) have slowly covered up the lost ground after their tumultuous price fluctuations on Friday, January 15. Off lately, the world’s two biggest cryptocurrencies have been moving in tandem with each other. Bloomberg analyst Mike McGlone writes that Ethereum (ETH) is currently eyeing levels above $1300 as long as BTC continues
The post Bloomberg: Imperative for Bitcoin (BTC) to Surge If Ethereum (ETH) Has to Cross $1300 appeared first on Coingape. …

blockchain

On-chain data shows millionaires are flocking to Bitcoin…and there isn’t enough for all

Demand for Bitcoin increased multifold in 2020.
The post On-chain data shows millionaires are flocking to Bitcoin…and there isn’t enough for all appeared first on CryptoSlate. …

blockchain

Bitcoin is a speculative asset that has conducted some funny business – ECB boss Christine Lagarde

TL;DR Breakdown Head of European Central Bank thinks Bitcoin is encouraging money laundering. Investor Mike Novogratz says banks are the most notorious facilitators of money laundering. As Bitcoin price generates more buzz each day, some top-level people like Christine Lagarde are yet to accept the fact that the top coin is here to stay. Christine, […] …

blockchain

Man Offers $72 Million To Search For Hard Drive With 7,500 BTC

James Howells, a 35-year old British Engineer, is reportedly on a hunt for his BTC hardware wallet that he had accidentally discarded in 2013 while doing some house clean-up. According to a South Wales Argus report, Howells had appealed to the councils of the city where he resides, Newport, to excavate a landfill site where […] …

blockchain

Bitcoin Gold: What’s the future of Bitcoin Gold

In 2009, Bitcoin (BTC) was introduced on the premise that everyone could participate in its mining process, which was the case until BTC gradually increased in value. As more people joined the train, the competition also increased effectively, which tipped the balance in the elite miner’s favor who had switched to a more sophisticated mining […] …

blockchain

Tether (USDT) Conspiracy Tosses Again As We Arrive at The D-Day of January 15

Today, January 15th is a crucial day for crypto market as the conspiracy around the use of USDT stablecoin by Tether and its alleged relationship with crypto exchange Bitfinex is catching up the heat. Tether is once again in the limelight because the stablecoin issuer has pumped an additional $4.2 billion worth of USDT coins
The post Tether (USDT) Conspiracy Tosses Again As We Arrive at The D-Day of January 15 appeared first on Coingape. …

blockchain

Miami mayor mulls diversifying city’s reserve to Bitcoin

TL;DR Breakdown: Miami mayor is considering investing the city’s funds in Bitcoin. This comes as part of the plan to make Miami a crypto-friendly territory. The first Miami-born mayor, Francis Suarez, is optimistic about the largest cryptocurrency, Bitcoin (BTC), and he’s looking to make the city a Bitcoin-friendly region. During an interview with FOX Business […] …

Bitcoin Stalls Below $39K As Polkadot Surges to $15 And Becomes 4th Largest Crypto (Market Watch)

While BTC remains below $39,000, Polkadot has stolen the show with a massive double-digit surge and a new all-time high of nearly $15. …

blockchain

Indian police seize $1 million Bitcoin from 25yo hacker

TL;DR Breakdown: The police in Karnataka have seized over $1 million worth of Bitcoin from a hacker. The culprit admitted to hacking crypto exchanges and online gaming platforms for money. In Karnataka, a state in India, the law enforcement agency has reportedly seized more than $1 million in Bitcoin (BTC) from a hacker who has […] …

blockchain

Canadian 3iQ Bitcoin fund has surpassed $1 billion AUM

TL;DR Breakdown: 3iQ Bitcoin fund AUM has surpassed another milestone level The growing demand for 3iQ Bitcoin fund and other related products show a rising interest in the leading crypto.  The growing market valuation of several Bitcoin (BTC) investment products indicates a steadily increasing level of interest and demand for the leading cryptocurrency among investors, […] …

blockchain

Breaking: Right-Wing Activists Received Large Bitcoin (BTC) Donations Before U.S. Capitol Riots

Just as the U.S. Congress lawmakers are working on impeachment proceedings on U.S. President Donald Trump, there’s a sensational revelation coming about last week’s riots that took place in the U.S. Capitol. As per an exclusive Yahoo News report, right-wing activists received payments in Bitcoin (BTC) a month before from foreign accounts. FBI’s retired assistant director
The post Breaking: Right-Wing Activists Received Large Bitcoin (BTC) Donations Before U.S. Capitol Riots appeared first on Coingape. …

blockchain

Alpha Alarm: The Bitcoin outlook

This analysis was brought to you by Alpha Alarm, a Substack newsletter featuring daily crypto analysis.
The post Alpha Alarm: The Bitcoin outlook appeared first on CryptoSlate. …

blockchain

The $1200 U.S. stimulus payment invested in Bitcoin in April is now worth $6,495

If the recipient of a United States stimulus payment in April invested the check into Bitcoin, the check would now be worth $6,495.
The post The $1200 U.S. stimulus payment invested in Bitcoin in April is now worth $6,495 appeared first on CryptoSlate. …

blockchain

What is the best Crypto Arbitrage tool?

What is Crypto Arbitrage? The basics of crypto arbitrage are simple: You buy one crypto on an exchange that offers the lowest price while trying to immediately sell on another exchange. This is arbitrage trade between exchanges and the main goal is to take advantage of price differences. The same can be and has been […] …

blockchain

Breaking news: Gemini Trust Co potentially going public?

TL;DR Breakdown Is this digital assets firm potentially going public? Billionaire brothers Cameron and Tyler Winklevoss have noticed a surge in popularity with cryptocurrencies, expressed interest in going public. BTC has been called the “door” to the world of cryptocurrency. Cameron and Tyler Winklevoss, billionaires and magnates in the Bitcoin industry, have freshly released a […] …