Changpeng Zhao (CZ), CEO of the largest cryptocurrency exchange, Binance, responds to allegations that their Shanghai office was raided last week. In an interview with Nugget’s News, CZ maintains that Binance does not run an office in China, while, at the same time, denying that the incident ever took place. The Block Maintains A Raid…
It appears that the crypto community is very easily riled these days. A 50% collapse in total crypto market capitalization in the latter half of the year may have something to do with it, while a recent interview on CNBC with Roger Ver has kicked of another bout of twitter tribalism over Bitcoin Cash. Bitcoin…
Bitcoin’s position within the lower-$7,000 region has been ardently defended by the cryptocurrency’s bulls over the past several hours and days, with the crypto’s overnight drop into the upper-$6,000 region being met with significant buying pressure that allowed BTC to post a sharp bounce to highs of $7,400. It is important to note that this…
One of the most popular online e-wallet services has just overhauled its cryptocurrency offering. From today, customers of Skrill will be able to exchange the various crypto assets the platform supports directly for Bitcoin. The expanded service is the latest example of a payments company offering some cryptocurrency functionality. However, modern financial services firms, such…
Because Bitcoin is a new, emerging technology unlike anything before it, it is difficult to give the speculative asset a meaningful value, and instead, market dynamics like supply and demand take over. One attempt to assign a fair market value to Bitcoin has been done through a highly-cited stock-to-flow model. However, Bitcoin price is now…
Zhou Xiaochuan, former governor of the People’s Bank of China (PBoC), believes that digital currency and blockchain should continue to be a focus for China moving forward, citing the use of the coins for domestic retail transactions as well as remittance payments. The PBoC’s Digital Currency Initiative Zhou Xiaochuan, one of the most influential monetary…
Bitcoin (BTC) has been caught in the throes of immense volatility over the past several days and weeks, with the cryptocurrency recently dropping to lows of $6,500 before posting a sharp bounce to $7,400. The momentum sparked by BTC’s bounce at $6,500 appears to be faltering, however, which could signal that it will soon drop…
The crypto market has been struggling for nearly two full years now to return to all-time high peak prices set back at the height of the crypto bull run, when Bitcoin reached $20,000 and became a household name and altcoins like Ethereum made investors filthy rich. During that time, Ethereum exploded to over $1,400 per…
If you were around in the crypto markets in 2017, you likely know the altcoin ICON (ICX). Two years ago, this cryptocurrency was literally all the rage, with many calling ICON the “Ethereum of Korea” amongst other optimistic titles. At the time, this made sense. The cryptocurrency had embarked on a parabolic run that made…
Gambling business mogul and Bitcoin SV proponent Calvin Ayre has just opened a decadent new headquarters on the island of Antigua. Ayre describes the new building as being the home of Bitcoin SV in the Caribbean. The Canadian entrepreneur’s new global headquarters appears to have pleased Antigua and Barbuda’s government. Prime Minister Gaston Browne described…