Chinese messaging giant WeChat has banned users from conducting cryptocurrency-related activities. But that could be bullish for the industry, at least according to Changpeng “CZ” Zhao. The Binance CEO said WeChat’s decision to ax crypto-based OTC trading activities was “a classic example of short-term pain, long-term gain,” adding that censorship will eventually attract more people towards the…
Bulls have control over the crypto wheel. In a miraculous move, Bitcoin (BTC) has surged past $6,000 after hitting $3,150 just months prior — a near-100% move in under half a year’s time. For some reason or another, however, analysts are divided about how this strong uptick will play out — in the short-term anyway.…
The past 24 hours have been extremely tumultuous for Binance, the largest Bitcoin (BTC) spot market per data from crypto startup Bitwise Asset Management. As NewsBTC reported on Tuesday in the wake of “unscheduled server maintenance,” the Malta-based cryptocurrency exchange was revealed to have lost 7,074 BTC, valued at $40 million, from its hot wallet…
Breaking news: Binance, a Malta-registered Bitcoin & crypto asset exchange that is one of the most well-respected in the market, has just revealed that it has been slammed by a “large scale security breach”. The platform reports a loss of 7,000 BTC, valued at $42 million at current values. Binance Security Breach Updatehttps://t.co/KY2J3jWpmn pic.twitter.com/JZtMsbI9fS —…
In March, NewsBTC sat down with Max Kordek, the founder of Lisk, to pick his brain about his project, the broader crypto and blockchain industry, and the future of Bitcoin. Related Reading: HTC Exec: Facebook Coin is like the Intranet, Bitcoin is like the Internet The Latest On Lisk NewsBTC: Thanks for sitting down with us.…
2018, by many measures, was the crypto ecosystem’s worse year yet. Digital assets, even Bitcoin (BTC), lost over 80% of their peak value on average; industry startups laid off chunks of employees or shut down entirely; and the words “crypto” and “blockchain” receded from the limelight, becoming a painful memory for those who “FOMOed” near…
NAGA, the Fintech company promoter of the NAGA Coin (NGC) and operator of the Social Investing Network NAGA announces the release of its crypto/fiat exchange NAGAX.com after an extensive beta period. NAGAX offers users fast and instant access to major cryptocurrencies as well as NAGA’s native currency – the NAGA Coin. The major USP of…
While the upward price pressure has slowed, resulting in Bitcoin (BTC) posting a mere 0.15% gain in the past 24 hours, some are sure that the cryptocurrency’s chart structure remains bullish. Murad Mahmudov, a founding partner at up-and-coming crypto fund Adaptive Capital, recently broke down his reasoning as to why BTC holding above the $5,500…
As the price of Bitcoin (BTC) and other crypto assets have boomed, so have the underlying fundamentals of this embryonic space. Reports have revealed that Ethereum (ETH) may soon transition to the early stages of Proof of Stake (PoS) integration, ensuring scalability is on its way. Ethereum Phase Zero Could Be Finalized In June In…
On Saturday, reports revealed that Bitfinex, one of the largest crypto exchanges in existence, unveiled official plans to sell $1 billion worth of an asset called LEO. While this seems innocuous, a leading analyst warns that it could be a detriment to Bitcoin (BTC). Related Reading: Bitfinex Premium Continues To ‘Rally’ Even After Bitcoin (BTC)…