Tag Archives: News

Bitcoin Bomb Threats, Romanian Fraud Arrests, Bitcoin Cash Continues to Plummet, Coinbase Integrates Paypal and More: This Week in Crypto

Advertisement Several Notches Above Ransomware An extortion scheme which sought to terrorize people into paying over BTC made global headlines over the course of the week. The threats happened worldwide, at a minimum being reported in the US, New Zealand, and Australia. The bomb threats demanded $20,000 in BTC in exchange for the terrorists to “give the command… Read More »

Facebook May Be Setting Its Eyes on Crypto. Hires 40 Ex-PayPal Members to Work on Blockchain Division

After consolidating itself as the leading company in the world of social networks, Facebook has decided to intensify its efforts to enter the world of crypto and blockchain technologies in an attempt to expand its business model. According to a report from the tech news portal Cheddar, Facebook has been quietly but resolutely focusing on research and development… Read More »

Donald Trump Hires Prominent Bitcoin Supporter Mick Mulvaney to White House Staff

Advertisement U.S. President Donald Trump has hired the prominent Bitcoin supporter Mick Mulvaney to be his new White House Chief of Staff. Donald Trump is one of the most polarizing people on Planet Earth and whether you love him or hate him, it is beneficial for the crypto industry to have a major Bitcoin advocate whispering sweet nothings… Read More »

Brazilian Football Club Atletico Mineiro Launch Crypto Token for Fans

Advertisement The latest football team to embrace cryptocurrency is the Brazilian football club Atletico Mineiro, who are amidst launching a crypto token for fans called ‘Galo Coins’. The relationship between the crypto industry and football is at an all-time-high as sports and crypto are a match made in heaven. As crypto looks to gain wider traction in the… Read More »

Blockchain Mining Benefits Beyond the Cryptocurrency Spectrum

Mining is an integral part of the cryptocurrency and blockchain technology narrative. However, the process of discovering, validating, and adding new blocks (mining) to the chain has the potential to do more than increasing the money supply of a particular cryptocurrency. Moving Past Cryptocurrency Mining Apart from being responsible for creating new tokens in a cryptocurrency blockchain that… Read More »

FAANG Stocks Lose Over $1 Trillion, More Than All Cryptocurrencies Combined

Facebook, Amazon, Apple, Netflix, and Google stocks have shed over $1 trillion in market capitalization from their all-time highs, marking an even bigger loss in dollar value than all cryptocurrencies combined in 2018. FAANGs Lose Bite Bitcoin and cryptocurrencies, in particular, are not the only bubble in town. Stocks of tech stalwarts like Google, Amazon, and Facebook, collectively… Read More »

BitUSD Divorces Wildly From $1 Target

Advertisement BitUSD logo According to recent market data, bitUSD, an elder stablecoin with a similar design and functionality to the Dai, is currently worth 30% less than the dollar it is intended to be worth. The way the design of BitShares, the platform on which BitUSD is issued, works is that if the network lacks liquidity for the… Read More »

Crypto Hedge Fund: No One Took us up on $1 Million Stock Market Bet

Advertisement Morgan Creek founder Anthony Pompliano has claimed that his company’s $1 million bet on stocks outperforming crypto over the next ten years has had no takers since it was put up more than a week ago. On December 9, CCN reported that Morgan Creek instituted a $1 million “Buffet 2.0” wager inviting investors and money management professionals… Read More »

Pro-Bitcoin Mick Mulvaney Joins Donald Trump’s Cabinet as Acting Chief of Staff

President Trump seems to be highly interested in the potential of blockchain technologies and the benefits of using cryptocurrencies for the country’s economy. Yesterday, he addressed the nation via Twitter announcing the appointment of Mick Mulvaney as the White House’s new acting Chief of Staff. Mulvaney joins the list of politicians with pro-Bitcoin orientations to whom Mr. Trump… Read More »

Litecoin ‘Flappens’ Bitcoin Cash By Market Capitalization

In February, Charlie Lee predicted a ‘flappening’ of Litecoin and Bitcoin Cash before the end of the year. Well, with just two weeks of the year left, the prediction came true, as Litecoin’s market cap overtook Bitcoin Cash. Natural Rivals In many ways, Bitcoin Cash was always a more natural competitor to Litecoin than to Bitcoin. From its… Read More »