It is no secret that Chicago’s history is intertwined with finance. It therefore comes as little surprise that the city seems to be embracing the coming Bitcoin and cryptocurrency revolution too. Already home to proportionately large numbers of Bitcoin ATMs, Chicago is about to get a lot more, courtesy of Lux Vending. The decision was…
Ethereum rival smart contract protocol Tron recently announced that it would be working with established file sharing platform BitTorrent. The idea behind the partnership is to allow users to pay for an optimised service and other features using the newly created BitTorrent Tokens (BTT). Leading cryptocurrency exchange Binance has been working with Tron and BitTorrent…
Over the past couple of weeks, the crypto markets have experienced a persisting bout of sideways trading that didn’t allow for any major price action in the altcoin markets. Today, however, the typical crypto volatility returned in full force, sending most major altcoins and Bitcoin down significantly over the past 24-hour trading period. Today’s drop…
Following a long period of sideways trading, Bitcoin (BTC) has now broken down below its previously established support level around $3,500. Today’s drop appears to have allowed BTC to establish support in the $3,400 region, but further volatility could easily push it down towards $3,000, where the cryptocurrency has significant buying pressure. Analyst are conclusively…
Stablecoin Tether (Ticker: USDT) has replaced EOS to become the fourth largest cryptocurrency by market capitalization, showing weakness in crypto markets. The inclination follows the cryptocurrency market’s depressive performance this Monday. Over the last 24 hours, the price of all the top coins, including Bitcoin, Ripple, Ethereum, and others, trended in a negative region. Similarly,…
After miners, it is crypto exchanges that stand before the wrath of a bearish cryptocurrency market. Liqui, a small but a long-running crypto trading company, announced today that it would close down its operations. In a straightforward goodbye note, the Ukrainian exchange said that it was unable to provide liquidity to its customers. Therefore, it…
Bitcoin has undoubtedly come a long way in its ten-year history. And while “Bitcoin” has become a popular word in the world’s vernacular, Brian Armstrong, the chief executive at Coinbase and an advocate for an inclusive and decentralized financial system, has claimed that the project is still in its infancy. Who Is Brian Armstrong? Brian…
Crypto markets are dumping this Monday morning, Ethereum, BCH, Tron and Stellar in a hurt locker. Crypto market movements have been few and far between in recent weeks but the bears have awoken again today and markets are dumping. Almost $7 billion has been dumped in the past few hours to send total market capitalization…
This past December, cryptocurrency investors were delighted to hear that lawmakers had put forth a bill – aptly dubbed the “Token Taxonomy Act” – that would change the Securities and Exchange Commission’s 72-year-old definition of securities in order to exclude crypto. If passed, this bill would entirely alter how the industry is regulated going forward and…
Since Bitcoin (BTC) established a new all-time high in late-December 2017, the cryptocurrency market has faltered. Since that fateful month, the broader asset class has posted losses that would even make gamblers cringe, as the value proposition of cryptocurrencies has become misconstrued and nebulous at times. Yet, one industry insider claims that cryptocurrencies could be…