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Crypto Downtrend Led Investors To Liquidate Over $432 Million

The overall financial market is discouraging this week, the NewsBTC writes. Stocks and cryptos are plummeting as anticipation of the upcoming rate hike grows. The latest CPI for August was a force that pushed the market towards the edge. The figure was higher than expected, increasing fear in the industry. As the Feds prepares to […]

Bitcoin Bulls Respond with a $150M Short Squeeze Above $53K

As the Cointelegraph announced, Bitcoin saw $150 million worth of short contracts obliterated within hours. Roughly $150 million worth of shorts were liquidated within a span of hours as the price of Bitcoin (BTC) rose from around $47,000 to over $53,000 on Monday. The cryptocurrency market as a whole saw a strong short squeeze, as […]

Avoid Hosted Crypto Wallets ‘At All Costs,’ Warns Elon Musk

As the Cointelegraph reported recently, one crypto wallet provider’s marketing interaction with Elon Musk has backfired with the Tesla CEO roundly criticizing the company. Freewallet, a hosted crypto wallet service known for offering standalone storage services for cryptocurrencies has seen its marketing attempt rebuffed by Elon Musk. Responding to Freewallet’s self-promotional message, Musk retorted: Hosted crypto […]

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, DOT, AAVE, SNX

Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000. As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC’s correction is over. MicroStrategy’s recent purchase of 314 Bitcoin at an average price of $31,808 is a mild sentiment booster […]

Bitcoin Price Triples in 2019 But Crypto Apps See Zero Rise in Downloads: Bloomberg

Bloomberg reports that despite the recent Bitcoin price surge, users’ interest in cryptocurrency apps is not growing yet, the U.Today wrote on June 29. Despite the massive rise of Bitcoin in 2019, during which the major currency added about 200 percent, it seems that things are not so good for mobile crypto apps as they see no […]

China’s Latest Crypto Rankings: EOS Retains Top Spot, Bitcoin in 12th Place

China updated its cryptocurrency rankings on May 23 — with eos retaining the top spot and bitcoin moving up three places, the CoinTelegraph writes. The government-sponsored index assessed each blockchain on three criteria: technology, application and innovation. Joining EOS in the top five was tron, ether, steem and ontology. Despite its dominance in the crypto industry overall, Bitcoin was in 12th place. While […]

Blockchain Use in Finance Still Faces Major Challenges: Chinese Researcher

The use of blockchain technology in the financial sector still face many challenges according to a major Chinese researcher, local news agency Sohu reports on April 12. Wei Kai, head of blockchain research at the China Academy of Information and Communications Technology (CAICT), described roadblocks to the technology’s further adoption at a 2019 meeting of the International Chamber of Commerce (ICC) Banking Commission. […]