Weekly trading volume for the world’s second largest cryptocurrency by market value, Ethereum (ETH), reached its highest notional value in over 17-months on the popular exchange Coinbase. In Coinbase’s two most popular ETH markets, ETH/BTC and ETH/USD, a combined total of 3,675,570 units of ETH changed hands from May 13 to May 19, which at
Last week, Ethereum (ETH) showed some near-term recovery against the US dollar with the ETH/USD pair forming a support base above $200 before showing signs of upside correction. On the other hand, Ripple (XRP) did not perform well last week with prices falling by over 7%, but in Monday’s session, the coin has been rather
Blockchain startup Lumachain has received $2.4 million in public funding from Main Sequence Ventures, a $165.6 million venture capital fund backed by the Australian government and the federal Commonwealth Scientific and Industrial Research Organisation. Lumachain’s newly-received funds will go toward staffing fees as well as international expansion, according to a report by local financial news
Monday, July 29 — crypto markets are seeing mild fluctuations, mixed red and green, while Bitcoin (BTC) is holding ground around the $9,600 mark. Market visualization. Source: Coin360 After a sharp fall on July 28 and a further correction to $9,250 the following day, the top coin has since recovered and stabilized around the $9,590
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The uncertainty regarding regulators is keeping the upside in check.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The sentiment in the crypto space is fragile. Even
The Litecoin halving is just a few days away. Even with this bullish catalyst on the horizon, the No. 4 cryptocurrency appears to be struggling against bitcoin. Litecoin (LTC/BTC) has posted four consecutive red candles on the monthly chart against bitcoin. The slump saw the coin’s value drop from the 2019 high of 1,893,900 satoshis
The Chinese central bank released on its website an infographic illustrating what is Bitcoin (BTC), how it works and why it’s valuable on July 26. A brief story: from Bitcoin to Libra The infographic illustrates the story of Bitcoin, starting with the publication of its whitepaper in 2008, the mining of the first 50 BTC
Oranco, a Chinese alcohol wholesaler and marketer that specializes in Fenjiu liquor and imported wines, is currently testing a blockchain solution to guarantee the authenticity of its products. According to a press release on July 26, Oranco subsidiary Fengyuang Huaxin Liquor Development partnered with the blockchain- focused company Guangzhou Silicon Technology (GSTC) almost one year
The United States Internal Revenue Service (IRS) is sending letters to crypto investors to apparently scare them into accurately reporting their crypto-related income. ‘Don’t Panic’ According to a Forbes report by crypto tax attorney Tyson Cross, published on July 26, a number of Cross’s clients have received a letter “6174-A” from the IRS, threatening “future
The head of a major Brazilian trade association, the Federation of Industries of the State of São Paulo (FIESP), said that Brazilians could start using crypto to evade taxes. Paulo Skaf, the president of the FIESP, expressed concern over the recent tax reform proposal by Brazilian President Jair Bolsonaro, Cointelegraph Brazil reports on July 25.
Thursday, July 25 — the crypto markets are seeing a strong surge of green, with altcoins posting the strongest gains and Bitcoin (BTC) breaking back above the psychological price point of $10,000. Market visualization. Source: Coin360 Having dropped to a four-figure price point in recent corrections, BTC is today up a solid 3.2%, bringing it
A new person has stepped forward and claimed to be Satoshi Nakomoto, the pseudonymous creator of Bitcoin (BTC). Debo Jurgen Etienne Guido made his claim in a letter filed with a federal courthouse in Florida on July 22. Guido addressed his letter to Judge Bruce Reinhart — the judge overseeing the ongoing Kleiman v. Wright
Wednesday, July 24 — Bitcoin (BTC) has dipped back below the $10,000 mark as the crypto markets are seeing near-total red. Market visualization. Source: Coin360 Having clung to its five-figure price point in recent days, a 3.2% drop on the day has brought BTC down to around $9.740 by press time. Earlier on its 7-day
Financial Services Commission (FSC) chairman Choi Jong-ku, a governmental official in South Korea who took a hard line on domestic Initial Coin Offerings (ICOs), has tendered his resignation. The Korea Times reported the chairman’s decision on July 18. “I recently tendered my resignation to President Moon Jae-in to widen the scope of his choice before
Cryptocurrencies are three times more popular among American millennials as a long-term investment as they are for Generation X. Crypto is Americans’ 7th most popular long-term investment According to the results of a nationwide Bankrate survey, published on July 17, 9% of millennials chose crypto as their top long-term investment option — roughly threefold the
Domain registrar company EnCirca has announced that it is accepting pre-registration applications for the Ethereum website extension, “.ETH”. EnCirca said that it will be accepting applications until August 10, in a press release on July 18. EnCirca also said that they were the first registrar approved by the Internet Corporation for Assigned Names and Numbers
Bitcoin (BTC) will be the ultimate benefactor from interest in Facebook Libra and cryptocurrencies, billionaire Tim Draper has said. Bridges to a ‘Bitcoin environment’ Speaking to CNBC in an interview on July 19, Draper, who is well known as a Bitcoin advocate, defended both Libra and Bitcoin against recent pressure from governments, particularly in the
Justin Sun, the founder of Tron and winner of the annual auction for a lunch with renowned investor Warren Buffett, has invited more notable figures from the crypto industry to attend. Earlier today, July 21, Sun invited the founder and CEO of trading platform eToro, Yoni Assia, to the lunch with the chairman and CEO
Bank of Thailand governor Veerathai Santiprabhob said that the institution is open to discussing Facebook’s Libra stablecoin with the company, local media Xinhuanet reported on July 19. Per the report, Santiprabhob made his remarks at the Bangkok FinTech Fair on July 19, pointing out that Facebook had already contacted the central bank many times. He
The Ethereum (ETH) team is actively looking for solutions that may help scale the blockchain network, as reported by Cointelegraph on July 15. Co-founder of Ethereum Vitalik Buterin is now considering third-party blockchains that have lower commission rates for transferring information. According to him, the Bitcoin Cash (BCH) blockchain could cope well with this task.
Energy network company E.ON has filed a patent application for a blockchain-based data collector with the European Patent Office. E.ON announced the patent filing on the company’s website on July 19. As per the announcement, the device in question makes use of sensors to collect user data, which the user can then choose to sell
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The bashing of Libra continues, with G7 finance ministers
Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, according to a press release shared with Cointelegraph on July 19. ‘Overwhelming demand’ for stablecoin diversification Listing of the Binance GBP Stablecoin (BGBP) confirms earlier indications that the major industry player had its sights on imminently issuing its own fiat-pegged assets, starting with a cryptocurrency
LibertyX, the firm that launched America’s first Bitcoin (BTC) automated teller machine (ATM), will add 90 new machines to its network. In order to expand the network, Boston-based LibertyX has partnered with independent ATM operator DesertATM, according to a report by global ATM market publication ATMmarketplace on July 18. As a part of the partnership,
Even a tweet of a Litecoin-hating influencer could not stop it from registering its most profitable day in three weeks. The world’s fourth-largest largest cryptocurrency established an intraday top of $95 after ballooning by more than 23 percent in the previous 24 hours. The surge appeared after American football team Miami Dolphins made Litecoin (Ticker:
Iranian authorities are wrestling with the rising number of citizens turning to Bitcoin mining and use as a means of coping with a sanctions-crippled economy. Iran’s minister for information and communications technology, Mohammad Javad Azari Jahromi, told the Associated Press (AP) that the country has become “a heaven for miners,” according to a July 18
Social media giant Facebook has reportedly not contacted Swiss regulators regarding the registration of its long-awaited cryptocurrency project Libra. On July 16, Hugo Wyler, a spokesman for and head of communication at the Swiss Federal Data Protection and Information Commissioner (FDPIC), told CNBC that the agency has not been contacted by the promoters of Libra.
Litecoin (LTC) has gained more than 14 percent in 24 hours, surging from a low of $77.60 on Tuesday to a high of $93.05, before dropping slightly to $90.09 where it is currently trading. A Wild Week for the Litecoin Price The move saw the litecoin price outpace its peers as the crypto market struggled
Bitcoin Price Clings to $9,500 Support Bitcoin (BTC) continued to trade down on July 17 after a further 10% fall sent the price of the largest cryptocurrency back below $10,000. Market visualization courtesy of Coin360 Data from Coin360 showed a problematic 24 hours for traders Wednesday, BTC/USD circling $9,600 after bouncing off lows at just