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FBI Raises Alarm On Crypto Cyber Fraud, Says $42.7 Million Lost Since December

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The Federal Trade Commission (FTC) issued a consumer alert last month regarding the growing risk of crypto frauds. The FBI is now adding its voice to the chorus by issuing its own warning.

FBI Cautions Against Crypto Scam Apps

The agency is alerting banks and investors about an eight-month period of increased cybercrime activity involving phony bitcoin apps.

A report released on July 18 states that the Federal Bureau of Investigation has identified 244 victims in various crypto-related cyber crimes, with an estimated loss of $ 42.7 million.  Read more...

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Bitcoin Erases Losses As Fed Raises Interest Rates By 0.75% In Largest Hike Since 1994

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FOMC Chair Jerome Powell assured investors that the Fed is ‘not trying to induce a recession’ in the United States.

The Federal Open Markets Committee (FOMC) raised its target interest rates by 75 basis points on Wednesday, the largest rate hike since 1994.

The raise came in line with market expectations that foresaw a more hawkish committee in action as latest inflation figures came above expectations, marking a new 40-year high at 8.6%. FOMC Chair Jerome Powell, who also serves as chair of the Federal Reserve, had said in the beginning of May that the committee would enact a 50 basis point raise in June had market data such as the consumer prices index (CPI) come as expected.  Read more...

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Bitcoin (BTC) Chart Shows First Golden Cross Since 2015

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Cryptocurrency investors now have another reason to be bullish on Bitcoin (BTC) after one of the more bullish chart patterns formed on Tuesday. According to the BTC/USD chart, Bitcoin’s 50-day moving average has officially crossed above the 200-day moving average. The pattern is commonly known as a golden cross and is often viewed as an […]
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Whale Watch: Large Bitcoin Cash Holders Accumulate 1 Million BCH Since February

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Whale Watch: Large Bitcoin Cash Holders Accumulate 1 Million BCH Since February

In the last two weeks, cryptocurrency prices have seen significant volatility and during this time onlookers have noticed large bitcoin whale movements once again. Data stemming from blockchain analysis indicates that over the last 48 hours, unknown whale wallets moved over 20,000 BTC ($ 101 million), showing another large migration not seen since last February. Additionally, bitcoin cash whales have accumulated 1.1 million BCH in the last five weeks.

Also read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months  Read more...

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Bloomberg Analyst: Bitcoin (BTC) Most Overbought Since 2017 Rally

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Bitcoin (BTC) is currently having its best week in months after rallying over 20% to move above $ 5,000 for the first time since November. While Bitcoin moving above its 200-day moving average has been seen as a bullish sign by many, a recent report by Bloomberg indicates that the surge has pushed Bitcoin into overbought territory, […]
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Bitcoin at $5,000: What Has Changed Since 2017

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This article was originally published by 8btc and written by Olusegun Ogundeji.

Bitcoin has crossed the $ 5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019. This unfolding price scenario should not immediately be ruled out as a repeat of what happened in 2017. However, as the market reaction seems to be positive so far (given that bitcoin sits at $ 5,214 at the time of this writing), recent developments in the crypto space could be working to make today’s change different from 2017’s movement.  Read more...

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Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

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For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $ 200 billion, and ETH exceeding $ 100 billion.

Also Read: Report: Quadriga’s 6 Cold Wallets Have Been Without Funds Since April 2018

BTC Volume Surpasses $ 200 Billion for February

February saw the highest volume for BTC trade in one year, with BTC pairings generating nearly $ 206.37 billion in trade during the last 30 days.  Read more...

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TomoChain (TOMO) Is Up Over 160% Since Launching Its Mainnet in December

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TomoChain (TOMO), a proof-of-stake blockchain platform that features a 150-masternode architecture, has been on a tear since launching its mainnet in mid-December. Over the last 2 months, TOMO has surged from roughly $ 0.17 to $ 0.434491, representing a 163% increase. TOMO, which trades on KuCoin, YoBit, Hotbit and Gate.io, currently holds a $ 25.6 million market cap with a […]
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Privacy Coin Beam (BEAM) Has Rallied 90% Since Launching in January

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The price of Beam (BEAM) is now up around 90% in the past month as investors and miners begin to warm up to the new Mimblewimble privacy coin. To read this article you must be a subscriber Members can login here. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain access to exclusive content that’s […]
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Coincheck Registers 1.7M New Users Since Resuming Operations Last October

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Coincheck Registers 1.7M New Users Since Resuming Operations Last October

Coincheck has reported 1.73 million downloads of its mobile app since the Japanese cryptocurrency exchange resumed new account signups, withdrawals, deposits and limited trading in October. By the end of December, more than 900,000 of the new users had gone on to confirm their identities, in what looks like a remarkable comeback for an exchange that holds the dubious record of having suffered the worst hack in the short history of cryptocurrency.

Also read: Genesis Capital Processed $ 1.1B of Cryptocurrency Loans in 2018  Read more...

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European P2P Trade Posts Strongest Activity Since March 2018

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In recent peer-to-peer (P2P) market action, Latin American Localbitcoins trade has continued to show strength after producing record volume last month. In other news, P2P trade between the euro (EUR) and BTC has posted its strongest volume in 10 months.

Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay

European and South American Localbitcoins Markets Show Strength

EUR/BTC trade on Localbitcoins has recorded its strongest week since posting record trade when measured against fiat currency at the end of March 2018.

European and South American Localbitcoins Markets Show Strength  Read more...

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Exclusive: $630 Million Cryptocurrency Dash Releases ‘Biggest Upgrade’ Since Governance System

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By CCN.com: The Dash community has been banging its head against a wall for a while now. As its developers ramp up infrastructure to make mass adoption easier, it loses users in the process. Dash dropped from a number seven crypto in 2017 to 15th place over the last 12 months, losing 92% of value

The post Exclusive: $ 630 Million Cryptocurrency Dash Releases ‘Biggest Upgrade’ Since Governance System appeared first on CCN

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Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did

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Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the fork may have been defeated, rendering Bitcoin Cash as little more than just another altcoin. An examination of the available 500+ days worth of data on the bitcoin cash blockchain

The post Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did appeared first on CCN

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Here’s Why Waves (WAVES) Is up Over 165% Since November

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Waves (WAVES), a blockchain platform centered around a multi-currency wallet that features a decentralized exchange (DEX), has been on a major run since late-November, on the back of a series of significant announcements. On November 25, WAVES bottomed out at $ 0.96 and has since surged over 165% to $ 2.57, bringing the altcoin to a $ 257 million […]
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Ethereum Classic (ETC) Has Surprisingly Outperformed Ethereum Since Suffering 51% Attack

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Last week, Coinbase announced that it had suspended Ethereum Classic (ETC) following the discovery of what it claimed was a double-spend 51% attack. As part of its suspension, Coinbase halted all Ethereum Classic transactions, withdrawals and deposits. Despite the attack, Ethereum Classic has astoundedly outperformed its big brother, Ethereum (ETH), over the last 10 days. Since January 5, Ethereum […]
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Government Shutdown Doesn’t Stop Dow Jones from Seeing Best Start Since 2006

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The first seven sessions of trading have delivered the best start to a year for the Dow Jones Industrial Average and other stock market indices since 2006. Government Shutdown Continues, But so Does Dow Rally 800,000 workers went without pay on Friday due to the ongoing government shutdown. It’s now the longest in history with

The post Government Shutdown Doesn’t Stop Dow Jones from Seeing Best Start Since 2006 appeared first on CCN

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BREAKING: Norwegian Millionaire Missing Since October 31st, Husband Found Threat Note Demanding 9 Million Euros in Monero

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Anne-Elisabeth Falkevik Hagen (68) has been missing since October 31st last year according to the Norwegian Police. Her husband, Tom Hagen, is Norway’s 172 richest person according to Kapital. Serious threats have been made by what appears to be the kidnappers, which is why the police has kept a low profile since they started investigating

The post BREAKING: Norwegian Millionaire Missing Since October 31st, Husband Found Threat Note Demanding 9 Million Euros in Monero appeared first on CCN

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Circle Invest: Recurring Trade Volume Has Doubled Since September

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Circle Invest, the retail crypto trading platform for Circle, has reportedly seen significant growth in the total volume of recurring trades on the platform, as well as other key metrics. According to a recently published year-end report, more than 30% of all purchases on Circle Invest are recurring, and recurring trade volume has doubled since September. […]
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S&P 500 and Stock Markets Worldwide Close Out Worst Year Since 2008

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Stock markets worldwide, including Dow Jones, Nasdaq and the S&P 500, have posted disappointing yearly returns, with many indexes being compared to their performance during the financial crisis. The S&P 500 is down 6.2% for 2018, while the DOW Jones Industrial Average is down 5.6% for 2018. These numbers, compared to the financial crisis, where

The post S&P 500 and Stock Markets Worldwide Close Out Worst Year Since 2008 appeared first on CCN

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Why Amazon is En Route to End Q4 as Worst Quarter Since 2008 Recession

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Amazon is now the fourth largest company in the world behind Apple, Microsoft, and Alphabet (Google) after suffering its worst quarter since the 2008 recession. Merely three months ago, at the start of the fourth quarter of this year, Amazon was valued at $ 1 trillion. Currently, as of December 28, Amazon is valued at $ 680

The post Why Amazon is En Route to End Q4 as Worst Quarter Since 2008 Recession appeared first on CCN

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