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. […] …

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

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

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

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

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 […] …

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

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

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. […] …

blockchain

Today in Crypto: Kraken Delists XRP, BlackRock Sells Major Stake in Chinese Telecom & More

The crypto world saw many ups and downs throughout the past week as Bitcoin price volatility saw a couple of major dips as well as recovery post the infamous Monday market crash of nearly $10k.  The top cryptocurrency is currently trying to consolidate its position above $37,000. Other major headlines of the day include, Kraken
The post Today in Crypto: Kraken Delists XRP, BlackRock Sells Major Stake in Chinese Telecom & More appeared first on Coingape. …

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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

Kraken suspends trading XRP

TL;DR Breakdown Kraken suspends XRP trading Only U.S users affected Like how crypto exchanges have been announcing that they would suspend trading XRP, San-Fransisco exchange firm Kraken joined the pack. The exchange firm fixed suspending XRP trade on its platform for the end of January (29th). However, only US residents would be affected. Kraken users […] …

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

Polkadot surpasses XRP to grab the 4th slot

TL; DR Breakdown Polkadot (DOT) is now the 4th largest crypto by market cap XRP could suffer a catastrophic blow if ruled a security The crypto market is shifting again, and this time, the charts are re-arranging as Polkadot moves up by one position. The top 10 largest cryptos (by market cap) have always been […] …

The Good Ol’ Fake Crypto Giveaway Scam Still Generates Over $500K a Week, Report

Yes, you may have lost money with the Bitcoin crash. But at least you didn’t give a fake Elon Musk half a million dollars in a crypto scam. …

blockchain

Just Like Ripple’s XRP; Biden’s SEC Chair Nominee Gary Gensler to go after More “Unregistered Securities”

While Ripple grapples with the SEC lawsuit against the company and its executives, more cryptocurrencies may be facing the same fate soon. Gary Gensler, the nominee for SEC chairmanship under Biden’s administration says there may be more unregistered securities like XRP out there, hence the need for stricter regulation of the space. Gensler who is […] …