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A new project for a stabilized cryptocurrency that works ‘like normal money,’ has received backing from Peter Thiel, Coinbase, Distributed Global, GSR.IO and 40 others Go to Source Powered by WPeMatico
At press time, the father of cryptocurrencies has not moved and remains at $6,700, which is where it has been for several days, now. This is both good and bad in a sense. On one hand, bitcoin refusing to grow in price or get any larger is never a good thing; the market comes to … Read more
All of the top ten cryptocurrencies by market cap have been hit by losses today, after news broke of the hack of the world’s sixth largest crypto exchange, Bithumb Go to Source Powered by WPeMatico
Goldman Sachs CEO has reiterated his optimism about Bitcoin adoption, comparing it to the early days of fiat paper money Go to Source Powered by WPeMatico
The Bank of International Settlements (BIS) has leased a chapter from its forthcoming annual report that delivers a critical appraisal of bitcoin and cryptocurrency. The report attacks virtual currencies from several main standpoints: claiming that cryptocurrencies do not effectively perform monetary functions due to price volatility, that the retail adoption of blockchain-based payment mechanisms would … Read more
Bithumb, South Korea’s largest crypto exchange announced on its website that between Tuesday evening and Wednesday morning, Korean time, 35 billion won (about 31.5 million USD) worth of cryptocurrencies vanished. Just a few hours later, the announcement was taken down, along with promises of compensation. At press time, it appears Twitter announcements of the heist … Read more
US Senate candidate Austin Petersen revealed his campaign received, and promptly returned, a giant amount of bitcoin this week, as the donation ran afoul of financing laws. Leading candidate for the Libertarian Party’s national chair, Joshua Smith, has made cryptocurrency a key part of his platform heading into the convention. Candidate for congress, coder Brian … Read more
Leading South Korean crypto exchange Bithumb, the world’s sixth largest, has been hacked Go to Source Powered by WPeMatico
Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June. … Read more
At press time, bitcoin is staying put at $6,700. The currency reached this “pinnacle” just 48 hours ago after rising to $6,500 from its recent low of $6,200. There isn’t a whole lot to be said about bitcoin, presently. Most sources and analysts are of the same sentiment – that the primary difficulties have been … Read more
