Ethereum Volume Influenced by Twitter Activity, New Data Reveals

[ad_1] Ether (ETH) price lost more than 40% this week, even hovering around $100 on the day which is now being considered the new Black Thursday in crypto and traditional markets. In recent hours Ether has bounced back slightly to trade in the $120 to $130 range.Cryptocurrency market weekly overview. Source: Coin360However, in 2017 Ether and Bitcoin saw a great increase in prices and also in the number of tweets

Canaan Sued Over Alleged ‘Fake’ Deal, Stock Sees Historic Low

[ad_1] While the current climate seems uneasy for all cryptocurrency businesses, some of them have to deal with extra difficulties.Earlier this month, investors filed a class-action lawsuit against Canaan, a Nasdaq-listed cryptocurrency mining hardware producer. The case is largely based on a February report submitted by an analysis organization called Marcus Aurelius Value, which argued that the mining firm has made misleading statements regarding its financial health.The second-largest Bitcoin mining

Binance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education

[ad_1] Binance CEO Changpeng Zhao has announced that the company will launch a fiat gateway for South African users, allowing them to make Rand deposits. The announcement was made on day one of the Blockchain Africa conference being held in Johannesburg this week.CZ confirmed that South African traders would soon be able to make Rand deposits on the platform through the Binance website. This is part of an ongoing push

With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30%

[ad_1] Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. Grayscale’s trust has been one of the longest-running FINRA approved investment vehicles with bitcoin assets under management. On Feb. 5, GBTC shares climbed more than 10% that week and investors were also paying a 20-30% premium. Since then and after the market downturn on Thursday, GBTC shares are down 45% from

Bitcoin CME Futures Volume Dropped — Did Institutions Jump Ship?

[ad_1] Over the past two years Bitcoin (BTC) futures trading on CME (Chicago Mercantile Exchange) has grown in importance for institutional investors. However, a popular misconception among traders is to attribute an unwarranted amount of importance to futures market activity and its impact of spot prices. It is important to highlight that despite trading under the BTC ticker, CME futures are financially-settled and therefore does not involve the actual exchange

US Firm Plans $100 Million ICO to Fund Electric Vehicle Production in Africa

[ad_1] Alternet Systems Inc (ALYI), an energy storage, military application, and electric motorcycle firm, has entered into a new partnership to launch a cryptocurrency dedicated to funding electric vehicle projects in Sub-Saharan Africa, according to a March 11 announcement.While Alternet did not name the company it has partnered with, Alternet Systems revealed that the cryptocurrency has successfully been minted on the Ethereum blockchain.Alternet Systems plans $100 million ICOALYI plans to

How To Use Paxful in Ghana

[ad_1] Paxful in Ghana is one of the most used platforms for buying and selling bitcoin with mobile money and bank transfer. In this article, we look at how to use Paxful in Ghana. Getting Started With Paxful How To Buy Bitcoin With Mobile Money on Paxful in Ghana Paxful is a peer to peer bitcoin exchange that allows buyers and sellers to trade directly. The platform also comes with

Crypto Networks Stress Tested During Bitcoin’s Wild Week

[ad_1] Crypto valuations haven’t been the only casualties of this week’s market crash; crypto networks have also felt the strain. As onchain activity has ramped up in response to the market slump, fees have soared and the mempool filled on the BTC and ETH chains. Other crypto networks have operated smoothly, however, despite the pandemonium. Also read: Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike, Futures Slide Mempool

Major Bitcoin Influencer ‘Can No Longer Recommend’ Trading On BitMEX

[ad_1] Following the recent major bitcoin and cryptocurrency market crash, popular influencer WhalePanda tweeted that he could “no longer recommend” trading on BitMEX, following criticism of the platform’s handling of the situation. While prices plummeted, BitMEX, ‘very conveniently’ according to WhalePanda, went offline twice during peak trading, citing firstly a ‘hardware issue’ followed by a DDOS attack. The Smoking Gun Some traders and analysts suggested that there was no hardware

Italian Red Cross Launches Bitcoin Fundraiser to Combat Coronavirus

[ad_1] The Italian Red Cross and the Colli Albani Committee are raising donations Bitcoin and other cryptocurrencies to fight the country's coronavirus pandemic with the support of Helperbit, as announced on March 12.Goals of the new campaignProceeds from the campaign will reportedly be used to set up a second-level advanced medical post for pre-triage of COVID-19 cases in the country, and it is expected to reach a goal of €10,000