Cryptocurrency News

The Bank of Canada is going to hire an economist with a profound knowledge of financial operations and digital currencies. This is connected with the Canadian Central Bank Digital Currency (CBDC). According to the job announcement, the economist will be responsible for monitoring and analyzing the...

Recently launched Filecoin project is facing difficulties as miners use a token model for collective plugs, which isn't economically practicable. The long-waited Filecoin data storage project launched last week after 3-year since $250 M presale and ICO. A huge amount of Chinese FOMO advanced token...

On October 17, the Monero (XMR) developers reported on the successful network upgrade of the project. Fork Oxygen Orion was announced back in September this year. The team said in a statement that the updated version of the network would become more productive. It will integrate tools that increase...

Bitazu Capital establishing partner and crypto analyst Mohit Sorout thinks Bitcoin could rise to a new record high in 3 months when it gets out of the existing scope. The price of Bitcoin has been strengthening during the last months. According to Mohit Sorout's words, if the BTC breaks out...

At the end of this week, investment company Grayscale announced an increase in capital expenditure on ether (ETH). Its Ethereum Trust now has accumulated $ 869.7 million. In total, Grayscale manages digital assets totaling up to $ 6.3 billion. Recall that the company sent an application for...

After Bitcoin rose in price to $ 11,700, analysts from the Skew team recorded an increase in trading in BTC futures. Researchers have noticed a resurgence of open investor interest in the product. Trading activity is picking up this week on most futures platforms, signaling a return for...

Investments in the stablecoin Tether (USDT) continue to grow: the capitalization of this digital currency already exceeds $ 15 billion. Analysts from Bloomberg recently published a report predicting that USDT could knock out Ether (ETH) from the second-largest cryptocurrency in 2021. According to...

On October 16 OKEx suddenly stopped withdrawals. As it was reported, OKEx originator Mingxing Xu, also known as Star Xu, has been questioned by the police. The head of the company was asked nearly a week ago and hasn't attended to work for some time. The news comes shortly after OKEx delayed...

Investors continue to accumulate Ether (ETH), with buying gaining momentum over the past several months. Major players are most active. They buy altcoin and refuse to sell it even when the ETH price falls. For 12 months, more than half of the supply of Ether has not moved anywhere, according to the...

Mt. Gox crypto exchange is known for encountering the largest crypto hack ever. As stated, the exchange lost a total of 1.35 million Bitcoin in two hacks in 2011 and then in 2014. It was based in Shibuya, Tokyo. In 2014 the organization closed its website and exchange platform applying for...

One of the largest investment banks, JPMorgan, commented on earlier information about the decision of the IT company Square to invest in bitcoin. The financial giant believes this is another step towards popularizing the cryptocurrency industry. Recall that Square recently invested $50 million in...

The French Ledger, which is best known as a manufacturer of crypto hardware wallets for retail investors, has been actively promoting its Ledger Vault custodian solution, which targets institutional clients since last year. Ledger is currently offering this product to MicroStrategy, which invested...

Bank of England Governor Andrew Bailey is still extremely skeptical of Bitcoin. Last Monday, October 12, the head of the Central Bank at one of the events expressed concerns about the growing popularity of cryptocurrency. Bailey recalled that the use of BTC as a payment instrument poses threats to...

If the Democratic candidate Joe Biden becomes the president of the United States, then the phase of mass adoption of bitcoin will begin. They published a report later this week, which also says that if Biden wins the election, the likelihood of Bitcoin ETF approval is high. If a new team comes to...

Several online sources recently have spread the rumour that Italian businessman Flavio Briatore has recommended the use of Bitcoin systems and claim that he has made a fortune through Bitcoin Up. After the inquiry of journalists, it became clear that the entrepreneur had never suggested the use of...

The number of addresses with non-zero balance continues to grow in the Bitcoin network. That is evidenced by the latest data from the Glassnode service. In the middle of this week, it became known that 3.141 million wallets own 0.1 BTC or more. If you look at the graph provided by analysts, you...

One of the most successful technology companies Square informed about investing $50 million in bitcoin. The firm bought more than 4.709 coins. The owner of Square is Jack Dorsey, the CEO of Twitter and an enthusiastic supporter of BTC. The purchase made by Square forms nearly 1% of the company's...

In the fourth quarter of 2020, Bitcoin is expected to strengthen, but a large-scale expansion will begin next year. So says famous analyst Willie Wu, who posted on Twitter a series of posts in which he analyzed the medium-term prospects of the largest digital currency. The cryptocurrency market is...