Tag: bitcoin

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Bitcoin Drop Due to 13K BTC PlusToken Scam, Not Coronavirus — Analysts

As Bitcoin seriously underperforms over the weekend, concerns are rising that progress is being hampered by the PlusToken scammers. Bitcoin (BTC) began its sudden crash due to another giant sell-off from the PlusToken pyramid scheme, analysts are suggesting as BTC/USD lost $8,000 support. According to various online commentators citing Blockchain data, participants in the $2.9…
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China’s Central Bank to Inject $4.7M into Blockchain Trade Platform

China’s central bank has secured $4.7 million in funding for its blockchain trade platform over the next three years. The People’s Bank of China (PBoC) has secured $4.7 million in funding from China’s central government for its blockchain trade finance platform. The funding will be administered over three years and has been designated for research…
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Bitcoin and Altcoins Recovery Might Be Short-lived

This week started with a massive decline in bitcoin from well above USD 8,500. BTC/USD tumbled around 10% and it broke many supports near the USD 8,400 and USD 8,000 levels. The price is currently correcting higher, but upsides are likely to remain capped near USD 8,200 and USD 8,240. Similarly, almost all major altcoins…
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Ethereum-Based Card Game from Horizon Raises $5 Million

Horizon Blockchain Games announces a $5 million investment round for their digital trading card game SkyWeaver. Companies designing digital trading cards and online games are continuing to show their ability to rake in the big bucks in the blockchain world. According to TechCrunch, Horizon Blockchain Games raised $5 million in capital for their game SkyWeaver.…
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Classics Against Innovations: Can Venture Success Rate Be Outraced by Crypto?

What would you choose: the good old-fashioned venture capital investment, or the brand new technology that is yet to prove its right for existence? In a world where blockchain technology is rapidly breaking barriers and disrupting industries one at a time, the emergence of new models to replace classical crowdfunding ventures is just a matter…
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Silver Lining for Bitcoin Amid Global Market Panic, Altcoins Purge Estimated

As global stock markets saw massive sell-offs overnight, cryptoassets also fell sharply, with both bitcoin (BTC) and ethereum (ETH) recording double-digit losses over this past weekend. However, some industry observers claim that crypto’s mainstream moment as a utility may finally be here, but early-stage projects with limited adoption might become ghostowns. As of press  Read…
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PayPal CTO: Crypto Still Needs to Prove Itself to Catch On

Crypto developers must follow consumers closely if they want the industry to take off in a big way, Paypal’s chief technical officer has said. Crypto developers must follow consumers closely if they want the industry to take off in a big way, Paypal’s chief technical officer has said. Sri Shivananda — an eBay veteran who…
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Bitcoin Slides Another 10% but Don’t Break Out the $4K Charts Just Yet

Bitcoin price is taking a tumble below $8,200 amidst an impending record mining difficulty increase, which may provide some bullish respite for the BTC market. Bitcoin (BTC) bears are at it again, driving the price down nearly another 10% on March 8 during the weekend when volume is at its thinnest.  So is the pre-halving…
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Crex24 Exchange Accused of Hiding Hack From Customers

A small Estonian crypto exchange has come under fire for suspending 61 altcoin pairings and freezing customer funds without explanation. Users are accusing Estonian cryptocurrency exchange, Crex24, of hiding the scale of a hack from its users after suspending trade for several altcoin pairings.  Crex24’s members claim that the exchange has not given an explanation…
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Proving That Tether Manipulated Bitcoin 2017 Bull Run Won’t Be Easy

USDT remains the largest stablecoin by far and is listed on all the major exchanges and wallets. Sogani: “Any [court] decision will impact the industry directly.” The iFinex–Tether market manipulation lawsuit continues. Last week, Judge Katherine Failla of the Southern District of New York selected Roche Cyrulnik Freedman as interim lead plaintiff counsel, and four…
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