Business

Crisis Highlights the Need for Ethereum

[ad_1] Vitalik Buterin believes that Ethereum can play a role in a future global crisis as the glue that helps bind nations together.The Ethereum co-founder spoke at the Ethereal Summit 2020 on May 7 to The Defiant’s Cami Russo. Describing the current global crisis as more than just a financial one, Buterin said the levels of political discord and distrust between countries had highlighted the need for a network like
Business

As Bitcoin Tests $10K, Experts Answer: ‘Where to From Here?’

[ad_1] Ahead of Bitcoin’s third halving early next week, the markets have rallied to test the crucial $10,000 zone.While the halving has historically been seen as a catalyst for major shifts toward bullish momentum in the markets, Bitcoin enters this halving amid a global climate of extreme economic uncertainty, and on the back of a nearly 150% gain over less than two months.Cointelegraph spoke to several top crypto analysts to
EXCHANGES

Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million

[ad_1] Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well as growth in customer demand as a result of the decrease in the price of BTC,” Square said. It is the
Business

Hackers Threaten to Release Legal Secrets of World’s Biggest Stars

[ad_1] The private legal affairs of dozens of the world's biggest music and movie stars — Lady Gaga, Elton John, Robert DeNiro, and Madonna among them —  are at risk of exposure following a ransomware attack on a high profile New York entertainment law firm.Grubman Shire Meiselas & Sacks have reportedly been hit by the REvil ransomware (also known as Sodinokibi), with the attackers threatening to release up to 756GB
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Fear & Greed Index Suggests A Bull in the Bitcoin Market?

[ad_1] As indicated by Justin Kwo, an analyst director from Bexplus, Cryptocurrency trading is a game of nerves and it cannot withstand the emotional behavior. Traders keep on changing their minds with the sudden and strong market fluctuations. This behavior reflects their psychological instability and prevailing sentiment in a particular time zone. However, in the Bitcoin market, traders’ emotions will determine their trading behaviors, which, therefore, affects the future trend
BLOCKCHAIN

Crypto Investor Sues New York Teen for $71.4 million in SIM-Swap Saga

[ad_1] Investor Michael Terpin is suing a New York teenager for $71.4 in damages for allegedly stealing $23.8 million in cryptocurrency from him in 2018. It’s the latest legal action in a long running saga. Ellis Pinsky of Irvington, New York, along with his co-conspirators reportedly managed to snatch $23.8 million worth of cryptocurrency in a SIM swap from the plaintiff.At the time of the alleged crime, Pinsky was just 15
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Paul Tudor Jones, Halving & More: 4 Trends Behind Bitcoin’s Eruption to $10,000

[ad_1] After weeks of rallying, Bitcoin finally topped $10,000 today, ripping past this key level. Here’s a collection of what caused this move, which liquidated dozens of millions worth of BitMEX short positions. Chart from TradingView.com The Bitcoin Halving is Imminent The most notable catalyst behind Bitcoin’s rally is the block reward reduction or “halving,” In four days, the number of coins issued per block will get cut in half
EXCHANGES

Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears

[ad_1] On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as banks like the Federal Reserve flood the monetary system with stimulus by creating trillions
Business

Buried Report Reveals Factors Behind South Korea’s ‘18 Crypto Crackdown

[ad_1] A newly unearthed report from South Korea’s financial watchdogs has revealed the rationale behind the country’s 2018 crypto crackdown that played a featured role in ‘Crypto Winter’.Digital Today dug up the “2017 Anti-Money Laundering Annual Report” which showed the Financial Intelligence Unit had identified more than half a million crypto transactions in South Korea in 2017 related to illegal activities.The 519,908 crypto transactions were flagged by authorities as “suspicious”
Business

Bitcoin Hits $10K — Paul Tudor Jones Buys BTC Comparing it to Gold

[ad_1] Today Bitcoin (BTC) hit $10,000 after finally managing to break above a long-term descending trendline at $9,400. The break above the important psychological level comes as there are only 4 days left until the Bitcoin block reward halving and a strong sustained surge in purchasing volume shows retail traders are steadily piling into the digital asset.Crypto market weekly price chart. Source: Coin360Data from Cointelegraph Markets and CoinMarketCap shows that