January 2021 / 89 posts found

News of hack wipes out billions in bitcoin wealth – Crypto

by crypto journalist
A cyberheist at a little-known virtual currency exchange helped wipe billions of dollars off the value of bitcoin and other digital currencies. This content was originally published here.

Coinrail exchange: News of hack wipes out billions in bitcoin wealth

by crypto journalist
Hedge fund vet launches new crypto index A cyberheist at a little-known virtual currency exchange helped wipe billions of dollars off the value of bitcoin and other digital currencies. The price of bitcoin slumped more than 7% after South Korea’s Coinrail announced that it had been targeted by cyberthieves. In a statement Monday, the exchange said that it had a suffered a security breach in which hackers stole about 30% of its virtual currencies. Coinrail said it had temporarily suspended trading in digital currencies and was fully cooperating with investigators to try to track down the missing funds. The exchange […]

Buying Items and Services With Bitcoin: A Look at Crypto Asset Accepting Merchants in 2021 – Featured Bitcoin News

by crypto journalist
Buying Items and Services With Bitcoin: A Look at Crypto Asset Accepting Merchants in 2021 While the price of bitcoin and numerous cryptocurrencies have jumped in value, a great number of merchants have been willing to accept digital currencies for goods and services. These days a crypto proponent can buy literally anything with their crypto assets and some of these items are very unique and extraordinary. Crypto Spenders Can Build a Dream Home or Acquire Luxury Vehicles There’s an awful lot of things people can purchase in 2021 by using cryptocurrencies like bitcoin, ethereum, bitcoin cash, litecoin, and others for […]

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 15

by crypto journalist
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. As the Bitcoin rally picked up momentum, the volume also spiked higher. Bitcoin futures on CME made a new record as the number of traded contracts reached 33,700 on May 13, which was way higher than the previous record of 22,500 contracts that exchanged hands on April 4. While increasing volume is a positive […]

AI strawberries and blockchain chicken: how digital agriculture could rescue global food security | World Economic Forum

by crypto journalist
At the beginning, the Traditional teams were expected to draw best practices from their collective planting and agricultural experience. And they did – for a while. They led in efficient production for a few months before the Technology teams gradually caught up, employing internet-enabled devices (such as intelligent sensors), data analysis and fully digital greenhouse automation. In addition to AI and big data, blockchain is another popular tech for smart farming in China – especially relating to the safety of food. Chinese consumers have encountered watermelons that exploded from the misuse of a growth accelerator chemical; “lamb” made of rat […]

How One Bitcoin Options Trader Turned $638K Into $4.4M in 5 Weeks – CoinDesk

by crypto journalist
In the run-up to the 2017 market peak, stories abounded of traders who bought bitcoin in the spot market just a few months before only to cash out to the tune of hundreds of thousands, if not millions, of dollars. The days of tripling or quadrupling your money in just a week or two just by buying bitcoin may be behind us. But since those heady days of three years ago, the crypto derivatives market has taken up the mantle of being the place where astonishing returns can occasionally be had by taking huge risks.  On Oct. 30, someone (a […]

Bitcoin $10,000: Bitcoin Leaves Skeptics Behind While Blasting to Record $10,000

by crypto journalist
(Bloomberg) — Bitcoin surpassed $10,000 for the first time, bringing this year’s price surge to more than 10-fold even as warnings multiply that the largest digital currency is an asset bubble. The euphoria is bringing to the mainstream what was once considered the providence of computer developers, futurists and libertarians seeking to create an alternative to central bank-controlled monetary systems. While the actual volume of transactions conducted in cryptocurrencies is relatively small, the optimism surrounding the technology continues to drive it to new highs. Bitcoin has risen by more than 50 percent since October alone, taking off after developers agreed to […]

USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021 – Altcoins Bitcoin News

by crypto journalist
USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021 During the last two months, tether transactions have spiked considerably. More recently, however, USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. Despite a whole lot more ERC20-based tethers in the wild, the minted stablecoin using the TRC20 standard has seen a much larger transaction count all year long. Tether (USDT) is a dominant stablecoin and it is used on a great number of exchanges as the token is paired with nearly every digital asset that has a market value. […]

Believing, not seeing: Institutions still predict $100K Bitcoin price

by crypto journalist
Even though Bitcoin has struggled to reclaim its recent high of $42,000, projections of BTC reaching $100,000 still seem achievable to some. Despite Bitcoin price cooling off in recent days, with the premier cryptocurrency currently hovering around the $32,000 mark, it is still showcasing strong technicals as well as a thirty-day price gain of nearly 40%. Not only that, but even since its recent dip — which has seen the digital asset fall from its recently established all-time high of around $42,000 to its present value — the top crypto is still in the green over the last 12 months, […]

3 reasons why Ethereum price is still on track to top $2,000

by crypto journalist
After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22.  The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin price continues to trade in a slight downtrend. According to Cointelegraph, the increasing TVL and transaction volumes of the decentralized finance sector are behind Ether’s impressive surge. To determine whether the recent pump reflects a potential local top, we’ll take a closer look at on-chain flows and derivatives data. Exchange withdrawals point to whale accumulation Increasing withdrawals from exchanges […]