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The stock market closes on the weekends, but bitcoin never closes. And that’s probably why you see the industry constantly whipsawed by wild bitcoin price fluctuations. While you’re enjoying a relaxing weekend, crypto traders elsewhere are busy buying and selling. Since May, the flurry of weekend trading has accounted for 40% of bitcoin’s price gains […]
The post Bitcoin Price Spikes Fueled by Weekend Trading Surges: Report appeared first on CCN Markets
Craig Wright revealed that the private keys necessary to access a disputed $ 10 billion Bitcoin haul would be released next year. Wright claimed the keys were handed to a bonded courier, who was directed to deliver them in 2020. The revelations came during Wright’s deposition in the ongoing Kleiman trial, at one point during which […]
The post ‘Bitcoin Creator’ Craig Wright Almost Ended Up in Handcuffs: Report appeared first on CCN Markets
By CCN Markets: Facebook’s cryptocurrency Libra is expected to change the way payments are made across the globe when it launches next year, but there’s one market that the social media giant might be giving a miss – India. The Economic Times, India’s biggest business daily, reports that Libra will not be available in India, citing people with direct knowledge of the matter: “The social network’s digital wallet, Calibra, won’t be available in markets where “cryptocurrencies are banned or Facebook is restricted from operating in,” the person said. “Facebook has not filed any application with RBI (Reserve Bank of India) for
Japan’s Consumer Affairs Agency (CAA) has released its 2019 report and noted a significant spike in inquiries concerning cryptocurrency related issues last year. The report details a 70% increase in 2018 in regard to consumer queries largely stemming from exchange issues. Moreover, over the last two quarters of 2019, the Japanese yen paired with various cryptocurrencies like BCH and BTC has been climbing steadily, showing the country has a lot of demand for digital assets.
Also read: Policymakers Meet to Finalize Global Crypto Guidance – A Look at Standards G20 Supports
There’s a lot of debate over whether bitcoin mining is bad for the environment. Many bureaucrats and mainstream media pundits claim that mining is wasteful and bitcoin’s energy consumption cannot be ignored. However, these claims have been refuted in the past and on June 6, Coinshares published a report that details mining is not environmentally imprudent but rather 74.1% of the Bitcoin mining industry is “heavily” driven by renewable energy sources.
Also read: Report Insists ‘Bitcoin Was Not Purpose-Built to First Be a Store of Value’
There’s been furious debate over the last few years on whether or not Satoshi created Bitcoin to be a peer-to-peer cash system or a purpose-built store of value. Lately, a few BTC proponents claim that Satoshi deliberately built Bitcoin to be a store of value (SoV). Despite the SoV narrative, the cofounder of OB1, Samuel Patt, wrote an in-depth research report uncovering nearly “everything Satoshi ever wrote,” which makes him firmly believe Satoshi’s invention was really “built for payments.”
Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading
An ongoing scam that targets unsuspecting individuals with threatening emails claiming to have hacked webcam or smartphone camera footage of those individuals watching porn (and potentially masturbating) has allegedly netted almost $ 1 million in bitcoin (BTC). According to a recent report by Fortune, the scammers have sent millions of emails, often to people’s work emails, […]
SludgeFeed
Facebook (FB) is reportedly planning to launch its cryptocurrency, now dubbed GlobalCoin, in 2020. According to a recent report by BBC News, the social media giant is aiming to begin testing the new crypto by the end of 2019 with plans to launch in the first quarter of 2020. “Facebook is expected to outline plans in […]
SludgeFeed
Binance has told TechCrunch it’s launching margin trading “soon,” after the crypto exchange accidentally revealed the service in a tweeted image.
CoinDesk
Bitcoin’s (BTC) surge in price over the past few weeks has caught the attention of both hardcore cryptocurrency enthusiasts and mainstream investors alike. While the utility of Bitcoin has certainly increased in the past year, with advancements in both the overlying infrastructure and transaction efficiency, some institutions and analysts continue to tie its intrinsic value […]
SludgeFeed
Ethereum clients that still haven’t patched known vulnerabilities pose a security risk to the entire network, according to new research.
CoinDesk
Nestled in the exhibition room at this year’s Consensus conference, the U.S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know.
“The Whistleblower Office of the Commodity Futures Trading Commission (CFTC) is issuing this alert to inform members of the public about how they may make themselves eligible for both financial awards and certain protections while helping stop [sic] fraud and manipulation relating to virtual currencies,” a handout from the booth reads.
Research has shown that the number of on-chain Bitcoin transactions has risen dramatically throughout 2019, nearing the volume of Bitcoin’s peak in December 2017. Even so, transaction fees are a fraction of what they were around bitcoin’s all-time high, likely due to the continued uptick of SegWit transactions on the network.
These findings were published in the May 6 edition of digital asset publication Diar. Among other research related to DApp adoption on Ethereum, Diar found that fees rose 200 percent in April versus March. Still, fees are negligible compared to the $ 30 some users paid during the peak of bitcoin’s price climb at the end of 2017, and transaction times are 84 percent lower, as well.
Financial services giant Fidelity Investments, which manages more than $ 2.6 trillion in client assets, is reportedly gearing up to launch its institutional crypto trading service. According to a report published on Monday by Bloomberg, which cites an individual familiar with the matter, Fidelity is planning on rolling out OTC bitcoin (BTC) trading within the next few weeks. […]
SludgeFeed
Delphi Digital has returned with another installment of its unspent transaction output (UTXO) reports. Recalling its report from January of this year, the research firm says bitcoin’s market cycle is right on track. The prior report called Q1 as the bottom of the bear market, and this claim was later corroborated by Adamant Capital’s own evaluation.
As before, Delphi Digital’s evaluates UTXOs as presages of market buying and selling, and by extension, the future trajectory of the market. UTXOs is a technical way of describing the last time bitcoin was moved by looking at the last block a transaction was included in.
New York-based online brokerage firm E-Trade Financial Corp. has plans to launch trading services for digital assets, Bloomberg reports. Bitcoin and ether will be the first assets to be supported by E-Trade’s crypto trading service, but the firm has plans to list other assets in the future. This announcement comes on the heels of a report that TD Ameritrade is testing crypto trading on its platform.
A tweet by New York Times reporter Nathaniel Popper suggests that E-Trade is bowing to the pressure of its competitors, as a deluge of traditional financial service providers seem to be rushing into the crypto trading industry.
The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $ 6.1 million AUD ($ 4.3 million USD) lost to crypto criminals.
This marks a substantial rise from the $ 2.1 million AUD ($ 1.48 million) that was reportedly lost to scams in Australia back in 2017. The increase came even amid last year’s crypto winter, which saw virtually every digital asset in circulation lose a significant chunk of its value.
The government of India is said to be renewing its efforts to completely outlaw public cryptocurrencies, according to The Economic Times.
CoinDesk
An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U.S. presidential election, the Mueller Report claims.
The culmination of a two-year investigation, the “Report On The Investigation Into Russian Interference In The 2016 Presidential Election” details the findings that Special Counsel Robert Mueller and his team uncovered during their inquiry into whether or not the Trump campaign colluded with Russia to hamper Hillary Clinton’s 2016 run for the presidency. United States Attorney General William Barr claimed in late March that the investigation found no evidence of such collusion, and the U.S. Department of Justice (DOJ) released a redacted version of the full report on April 18, 2019.
QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order.
In January, the exchange announced that it was insolvent, owing clients roughly $ 250 million CAD, after Cotten died of septic shock while honeymooning with his wife, Jennifer Robertson, in Jaipur, India. Since Cotten’s death, the exchange filed for creditor protections in the Nova Scotia court system and the court has appointed a dual counsel in Miller Thompson and Cox & Palmer to represent clients who lost money to the exchange.
