Bitcoin Still in the Middle of a Bear Market: Analyst

Bitcoin Still in the Middle of a Bear Market: Analyst

Advertisement Veteran Bitcoin analyst Willy Woo insists that bitcoin is still in the middle of a bearish trend. This contradicts the opinions of some experts who believe that the sell-off period has already come to an end, therefore expecting a bull ride to kick in. Market Behaviour and Speculators Since January 2018, bitcoin and the…

Cardano, Ripple 10% Surge, Bitcoin Volume up 26% to $4 Billion

Cardano, Ripple 10% Surge, Bitcoin Volume up 26% to $4 Billion

Advertisement Cardano (ADA) and Ripple (XRP) have surged by more than 10 percent in the past 24 hours while Bitcoin maintained stability, leading the recovery of the crypto market. Earlier this week, the valuation of the crypto market dropped to $190 billion, which led investors to worry about a potential fall to the market’s yearly…

Enough ‘Feeble Warnings’, Regulate ‘Wild West’ Crypto Market: UK Lawmakers

Enough ‘Feeble Warnings’, Regulate ‘Wild West’ Crypto Market: UK Lawmakers

Advertisement British lawmakers called for the regulation of the domestic cryptocurrency market which they claimed to be the “Wild West”, whilst insisting rules could help the UK become a “global centre for crypto-assets”. In a report published by the British Parliament’s Treasury Committee on Wednesday, lawmakers claimed investors are “afforded very little protection” from a…

Not Guilty: Accused Silk Road Lieutenant Gary Davis Pleads Innocence

Not Guilty: Accused Silk Road Lieutenant Gary Davis Pleads Innocence

Advertisement Gary Davis, charged with assisting Ross Ulbricht in running a drug trade worth more than $200 million on the Silk Road drug marketplace, has pleaded not guilty in a New York court to charges of conspiracy to distribute narcotics, computer hacking, and money laundering, according to The Times. Davis, who was extradited from Ireland stand trial…

Singapore Central Bank Flags Website Promoting Bitcoin Scam

Singapore Central Bank Flags Website Promoting Bitcoin Scam

Advertisement The Monetary Authority of Singapore (MAS), the country’s central bank, has issued a statement warning people about a website soliciting bitcoin investments that is using comments falsely attributed to Tharman Shanmugaratnam, the MAS chairman and Deputy Prime Minister. The statements attributed to Tharman on the website are misleading and false, MAS noted, except for…

Fidelity Investments Aims to Release Crypto Products by Year End

Fidelity Investments Aims to Release Crypto Products by Year End

Advertisement Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year. Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly…

Cryptocurrency Exchange Binance May Be Operating Unlawfully in NY: AG

Cryptocurrency Exchange Binance May Be Operating Unlawfully in NY: AG

Advertisement New York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the state’s Department of Financial Services (NYDFS) for potential violation of New York’s virtual currency regulations. The exchanges referred are Binance, Gate.io and Kraken. This was revealed in the Virtual Markets Integrity Initiative Report released earlier today by the Office of…

Shapeshift CEO: Bitcoin Drop Beneficial in Building Market Foundation

Shapeshift CEO: Bitcoin Drop Beneficial in Building Market Foundation

Advertisement According to Erik Voorhees, the CEO of popular cryptocurrency trading platform ShapeShift, the bear market of Bitcoin is crucial for building market foundation and infrastructure. He explained: “Bear markets are for builders. The calm, the quiet, the disillusionment. While the fickle and fair-weather peer around with nervous insecurity, the builders become the market’s foundation,…

Hong Kong Blockchain Fund to Finance Yen-Pegged Cryptocurrency

Hong Kong Blockchain Fund to Finance Yen-Pegged Cryptocurrency

Advertisement The founders of a $1.45 billion investment firm and a dedicated blockchain fund are teaming up to launch a new cryptocurrency whose value would be pegged to the yen. South China Morning Post reports that Grandshores Technology Group, a Hong Kong-based blockchain investment firm, is raising HK$100 million (US$12.7 million) to bootstrap the project,…

Ethereum, Ripple Surge by 10% Within Minutes, Abnormal Market Activity

Ethereum, Ripple Surge by 10% Within Minutes, Abnormal Market Activity

Advertisement The prices of Ethereum (ETH) and Ripple (XRP) have surged by more than 10 percent in the past five minutes, despite the lack of momentum of major cryptocurrencies like Bitcoin. A spike in the volume of both XRP and ETH was triggered at around the same time on Bitfinex, affecting other major cryptocurrency exchanges.…