Another week, another of Crypto Tidbits. Bitcoin saw yet another tumultuous week in terms of price action. It fell by over 8% in one day, as bears managed to take control of the market. But, despite this downward price movement, this industry continued to trudge forward. Related Reading: Crypto Tidbits: Bitcoin Hash Rate High, Square…
For both those involved in Bitcoin and traditional markets, all eyes have been on the world’s central banks over the past year. Many analysts claim that whatever the world’s leading monetary authorities decide to do with the economy will dictate the direction for global markets, and, potentially, the fate of the current fiat economic hegemony.…
The price of bitcoin fell by $600 in just 30 minutes to take its value below $10,000. The flash crash resulted in around $10 billion being wiped from the cryptocurrency's overall value and has called into question recent positive price predictions. In the hours following the flash crash, which took place on Wednesday night, the…
Bitcoin has dropped towards the $9,300 level for the first time in the last 30 days as investors continue to explore traditionally perceived safe-haven assets against global market risks. The benchmark cryptocurrency plunged by $950 within a matter of a few hours. The move downhill coincided with the expiration of CME bitcoin futures contract, which…
Facebook has offered $10,000 to any hacker able to find a flaw in its forthcoming Libra cryptocurrency. The public bug bounty was announced in a blog post by Libra's head of development, Michael Engle, who said the prize is designed to uncover any weaknesses in the cryptocurrency's underlying blockchain before it launches next year. "When…
China’s central bank has refuted media reports of it launching a state-backed cryptocurrency, according to Global Times, a government-affiliated news agency. Refuting media reports of launching a state-backed cryptocurrency in the coming months, #China's central bank termed them as "inaccurate speculation." pic.twitter.com/Sb4tQVPD3G — Global Times (@globaltimesnews) August 28, 2019 The People’s Bank of China (PBoC)…
The ongoing bankruptcy proceedings against the now defunct crypto exchange QuadrigaCX may be moved to the city of Toronto to make investigations easier. The move would come at the request of the trustee overseeing the bankruptcy, Ernst and Young. QuadrigaCX went offline earlier this year following the death of its founder and CEO, Gerard Cotton.…
In just around nine months, Bitcoin (BTC) will see its next block reward reduction — dubbed “halving”. Despite this rapidly approaching bullish event, however, the cryptocurrency market has stagnated, establishing a trading range. Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC But a model from PlanB suggests that should history…
Belgium’s Financial Services Authority (FSMA) has added new warnings to its list of firms thought to be involved with crypto-related fraud. The financial watchdog has now alerted the nation’s investing public to a total of 121 different scam cryptocurrency-focused investment prospects since it started listing them in early 2018. The FMSA is one of the…
SBU (Security Service of Ukraine) detectives have discovered a cryptocurrency mining operation at one of the nation’s nuclear power plants. The agency has reason to believe that it was officials at the facility that had installed the unauthorised hardware. The SBU alleges that the internet connection installed to facilitate the mining operation posed a significant…