Technology

Analysts at one of the world’s biggest bank, Citibank, have made an astonishing claim considering the source rather than the claim itself. Thomas Fitzpatrick, Managing Director at Citibank, says “the whole existence of bitcoin has been characterized by unthinkable rallies followed by painful corrections (the type of pattern that sustains a longterm trend).” This they

Nov 16, 2020 06:43&nbspUTC | Updated: Nov 16, 2020 at 06:43&nbspUTC By& Clark Bitcoin worth born below the conic on the 12-hour timeframe however traders are not career for a giant correction however.Over the weekend various traders discovered that Bitcoin (BTC) worth stone-broke its parabolic uptrend that had dated back to Sep. Technical analysts are bracing for a pullback because the dominant cryptocurrency eyes consolidation. Bitcoin may still see a powerful recovery when the weekly shut if there’s a continuation of the rally. however it might got to quickly go into the conic or risk a possible downward correction.Traders pinpoint $15,500 because the key level to

Alert tracking service Whale has once more spotted an Electrum-based malware fraud, by highlighting a payment done to an address being used by Electrum malware. As specified by a tweet, the transaction was concerned with 2.042 Bitcoin which is valued around $32,876 at that point.  🚔 A payment of 2.042 #BTC (32,876 USD) was just

It has been roughly seven months since the US government sent the first stimulus checks worth $1,200 to many citizens. Interestingly, that amount would now be worth nearly $3,000 if invested in Bitcoin as the asset price has significantly appreciated since then, unlike the dollar. Stimulus Checks: The History World governments were caught by surprise

When cryptos started taking over the trading market, crypto brokers became essential for every trader. Why are they so impactful and how? Many would think brokers are all the same. They know a lot about the trading market, and their job consists of analyzing news and patterns that occur. When cryptocurrency became a thing, another

The recent Blockchain 3.0 event (virtual) had Sergey Nazarov, the celebrated Chainlink founder in a detailed chat on the current and near-future situation in the crypto and blockchain space. He started with a discussion on smart contracts and especially stressed on how oracles could solve the blockchain data issues.  Oracles can prevent breakdown of services

Dorado Genesis and Crypto Mondays will be hosting their first ever event, The Future of the Internet and the Global Economy this Monday, according to a press release from the group. It will consist of cryptocurrency leaders getting involved together in a 3-hour online event, hosting in Puerto Rico, the release notes. It will take

Michael Sonnenshein, Managing Director at Grayscale Investments said in a tweet today that the Grayscale team has raked in over $115 million in bitcoin alone.  The exec also pointed out that this amount came to Grayscale all in a day,  yesterday, on 12 November. According to the tweet:  the @Grayscale team raked in over $115

PayPal enables US customers to buy, sell, and store bitcoin. – Coinnounce Password recovery 20 hours ago Last Modified date – November 13, 2020 The giant online payment processor Paypal announced yesterday that all “eligible account holders in the US can now buy, hold, and sell cryptocurrency directly with PayPal.” The giant online payment processor

The giant online payment processor announced yesterday that all “eligible PayPal account holders in the US can now buy, hold, and sell cryptocurrency directly with PayPal.” The update of the original statement reads that users can interact with digital assets from their PayPal application or through their desktop accounts. The cryptocurrency community remains split in

In brief Blockchain startup Kirobo has launched an Ethereum version of its “Bitcoin Undo button.” The service allows users to revert their transactions by using a password-based system. At launch, the “Ethereum Undo” supports only ETH transactions, with ERC-20 tokens to come. Israeli blockchain startup Kirobo, known for its “Bitcoin Undo button” that allows users

Puerto Rico-based blockchain and robotics firm Bots Inc has announced it is exploring its options with “a major law firm” to launch litigation against firms operating Bitcoin ATMs across the United States. Two weeks ago the company acquired a patent for protocols underpinning the operation of Bitcoin ATMs which it believes makes it eligible for

West Africa is home to an estimated 381 million people and counting. Unfortunately, the region was also found to be a hotspot for climate change, which will likely impact crop yields and food production while causing damage to its unique wildlife. At the same time, West Africa is well on its way to becoming the next

Lebanon’s central bank plans to launch a new digital currency in 2021 as part of a broader effort to combat a parallel economic and financial crisis that has engulfed the country. Central bank governor Riad Salameh told a gathering of officials Monday that “we must prepare a Lebanese digital currency project” as a way to shore

Cryptocurrency exchange Zebpay, which claims to have a user base of over 3 million users in India, is now exploring broader crypto market opportunities, such as digital collectibles. With its launch of a new marketplace called Dazzle, Zebpay has chosen to expand into the non-fungible token space. NFTs are unique but tradeable blockchain assets, which can be used

German soccer club FC Bayern Munich, which plays in the country’s Bundesliga, is entering the world of blockchain-based fantasy soccer. The Ethereum blockchain-based fantasy soccer game Sorare, which Bayern joined this week, already counts over 100 participant clubs, including high-profile names such as Paris Saint-German, Juventus, PSG, and Atletico Madrid. FC Bayern Munich is itself no stranger to

As the race for Central Bank Digital Currencies heats up, CoinDesk’s Markets Daily is back for your bitcoin news roundup! As rivals and allies move forward with their own CBDC plans, Japan will seriously consider a digital yen as part of this year’s policy agenda.  Now three Tencent-backed companies are setting themselves up to become

HDR Global Trading, parent company of derivatives trading platform BitMEX, has undergone a perhaps controversial rebranding. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests

Bitcoin was born in early 2009, in the aftermath of a financial crisis, but until this year it had never actually been through one. Here’s how that played out: Bitcoin plunged in March as the coronavirus pandemic spread, then quickly bounced back as market optimism returned along with trillions of dollars of monetary stimulus.  Now, cryptocurrency

With Tax Day fast approaching, CoinDesk’s Markets Daily covers all things IRS and crypto taxes on today’s show! Bitcoin is locked in a low-volatility squeeze similar to one seen ahead of a 40% price crash in November 2018. This time may be different. Have questions about filing your crypto taxes? CoinDesk dives into what we