Saturday, November 28

Tag: Bitcoin

Cryptocurrency and Safety Money, Bitcoin Vault Breaks Stereotypes
Crypto, Crypto News

Cryptocurrency and Safety Money, Bitcoin Vault Breaks Stereotypes

Cryptocurrency theft has boomed over the past couple of years and this is no hoax. Over USD 1.40 billion was stolen in the first five months of 2020. If thefts continue to rise at this rate, 2020 may well become the second-costliest year in the history of crypto – lagging slightly behind last year’s record of USD 4.5 billion.Hackers Continue To Outpace DefendersAccording to CipherTrace, although cryptocurrency developers, wallets, and exchanges are working hard on strengthening their defenses, hackers continue to outpace them with their innovative tricks and tactics.Take what happened with Binance, the world’s largest exchange, back in May 2018. Over USD 40 million worth of crypto assets were stolen by hackers who used a lethal cocktail of phishing, viruses, and other attack ve...
Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies
Crypto News

Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies

Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies.Lithuania Sold Seized CryptocurrenciesThe State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of Lithuania announced Tuesday that it has sold the cryptocurrencies it confiscated in February and transferred 6.4 million euros to the state budget. The tax authority explained that this is the first time it has sold seized cryptocurrencies.Irina Gavrilova, Director of the STI Non-Payment Administration Department, commented:The whole process was new for the tax administrator, from the takeov...
XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher
Crypto News, Trading

XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher

During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well.At the time of publication, XRP is currently swapping for $0.677 per coin as it gained more than 25% during the early morning (ET) trading sessions on Tuesday. The coin holds the third-largest market valuation today with a current liquid market cap at around $22.55 billion.The market cap gives the XRP token a 4.02% dominance index rating out of the value from all the crypto assets in existence today ($563.91B). The XRP token price has more than quadrupled during the co...
Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations
Crypto News

Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations

If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance quite rapidly. While a few analysts believe the old adage “it could never happen here,” many economists expect the increase of rent controls and hyperinflation to ravage the U.S. and many other powerful countries.Countries That Allow Massive Stimulus Injections Will Face Serious Economic ImplicationsThe coronavirus outbreak was a great excuse for the world’s banking cartel to mint more promissory notes than any other time in history. In the U.S., Americans have seen $9 trillion in stimulus ...
SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value
Crypto News

SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value

The chairman of the U.S. Securities and Exchange Commission (SEC) has explained how the U.S. government is regulating cryptocurrency. He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system.How Bitcoin Is Regulated in the USSEC Chairman Jay Clayton explained how the U.S. government is regulating bitcoin during an interview with CNBC Squawk Box on Thursday.He began by responding to a comment made by JPMorgan CEO Jamie Dimon regarding bitcoin regulation. Dimon said that he was not a supporter of bitcoin because in his experience, the government “can regulate whatever they want when they feel like it.” Given the current bitcoin market capitalization of about $340 billion, Dimon asserted that “If it gets bigger and bigger ...
Genesis – What is Bitcoin?
Crypto, Videos

Genesis – What is Bitcoin?

https://youtu.be/OjMapgj-O0kInside the Cryptokingdom - Episode 1: Genesis - What is Bitcoin? We go back to the day Satoshi Nakamoto proposed a radical new form of electronic money. In the wake of a devastating financial crisis, an ecosystem would soon emerge across the globe.Storyline: The current hype about bitcoin and other cryptocurrencies as millions are made and lost make for great headlines, but misses the far more interesting story about the technology that allows them to exist blockchain.This series dives into the crypto-kingdom to understand the technology, and why we should all care about how it develops. Just as it’s difficult to do anything without the internet today, in 10 years we might very well be saying the same thing about blockchain.Some see it as a re...
73% Will Own Bitcoin by 2022, Survey
Crypto News

73% Will Own Bitcoin by 2022, Survey

Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years.Millionaires Don’t Want to Miss Out on BitcoinA new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them. The findings came as the price of bitcoin rallied past $18,000.Devere Group is a large independent financial advisory firm. The group asked more than 700 of its high net worth clients — those having more than $1 million in investable assets — who currently reside in the U.S., the U.K., Asia, Africa, the Middle East, East Asia, Australasia, and Latin America.“The pric...
Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust
Crypto News

Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust

Grayscale Investments has surpassed $10 billion in cryptocurrency assets under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins.Over $10 Billion Under ManagementGrayscale Investments announced Tuesday that it has surpassed a major milestone in cryptocurrency assets under management (AUM), which the total now stands at $10.4 billion. The company offers 10 cryptocurrency products, all of which are single-asset trusts except the Digital Large Cap Fund.Most of the funds are held in the Grayscale Bitcoin Trust (GBTC), which currently has $8.85 billion in assets under management, followed by the Ethereum Trust with $1.22 billion, and the Digital Large Cap Fund with $146.7 million. In addition, the company announced Mond...
Bitcoin.com Announces Partnership With Luxury Watchmaker Franck Muller
Crypto News

Bitcoin.com Announces Partnership With Luxury Watchmaker Franck Muller

PRESS RELEASE. Saint Kitts, November 17, 2020— Bitcoin.com, the go-to web portal for everything bitcoin, announced the launch of a new Franck Muller luxury watch called “Free the Money, Free the World.”The watch is the first ever Bitcoin Cash (BCH) Franck Muller “Encrypto” brand timepiece. The new watch is a limited edition BCH wristwatch that will sell for 9,900 EUR per timepiece and only 500 will be made available.The “Free the Money, Free the World” Franck Muller luxury watch was designed by Tyler Gallagher of Regal Assets and the cofounder of Bitcoin.com Mate Tokay. During the launch event, Gallagher said that he was thrilled to collaborate with the Bitcoin.com team.“This has been an exciting project and it is beyond an honor to work with Bitcoin.com, Mate Tokay, and Roger Ve...
Calling Tops and Bottoms: 2020’s Most Popular Bitcoin Traders and Analysts
Crypto News, Trading

Calling Tops and Bottoms: 2020’s Most Popular Bitcoin Traders and Analysts

Bitcoin and cryptocurrency trading is quite popular these days. With the price upswings and volatility in 2020, crypto traders have made and lost a lot of money. In the last few years, a number of digital currency enthusiasts have been attracted to professional traders and analysts routinely publishing technical analysis (TA) online. Crypto asset trading has exploded this year and there’s a great number of sophisticated traders sharing secrets, alongside short and long-term market outlooks.Digital currency traders can make a lot of money by calling the tops and bottoms by leveraging insight and technical analysis (TA). For instance, if a trader played their positions correctly they could have gained big time (358%) from the dip in mid-March (Black Thursday) up until this week’s 2020 ...