EXCHANGES

Bithumb Recently Listed A Zimbabwean Cryptocurrency, What Is ZimboCash?

[ad_1] Global cryptocurrency exchange, Bithumb listed a Zimbabwean cryptocurrency called ZimboCash (ZASH) last week. In this article, we explore what the project is about and the impact it seeks to bring in the inflation hit country. From the information available about the project, ZimboCash is “developing a national decentralized currency network in Zimbabwe.” The project aims to provide a sound and fixed-supply alternative to the Zimbabwean national currency, which is
Business

CoinMarketCap Unveils Further Changes to Ranking System

[ad_1] Leading crypto data aggregator CoinMarketCap (CMC) has introduced new metrics ranking exchanges and market pairings based on a number of factors that are intended to reduce the impact of fake volume on the platform’s data.The changes build on others that were introduced recently that have proven controversial for benefiting CoinMarketcCap’s new parent company Binance.To flag suspicious volumes reported by exchanges, CoinMarketCap introduced its new ‘Confidence’ metric on May 29.
Business

2020 is a Write-Off, Let’s Try 2021 in Columbia

[ad_1] The Ethereum Foundation says it will not hold blockchain’s largest international conference Devcon VI this year and has moved the event to Bogota, Colombia in 2021 — although a precise date is yet to be announcedColombia is one of the top countries in crypto adoption in the world. Why the delay?In a statement the Foundation said it necessary to postpone the event until next year due to the global restrictions
BUY/SELL

Bitcoin Price Rallies to $9.6K as Record CME BTC Contracts Expiry Looms

[ad_1] Bitcoin (BTC) price continues to inch closer to $10,000, rallying 5.68% to reach $9,600 on May 28. After breaking out of the falling wedge pattern on Wednesday night, the top ranked cryptocurrency on CoinMarketCap pushed through $9,350, a level traders expected to present resistance and made a beeline for $9,500. Today’s rally brings Bitcoin price back to the $9,600-$9,800 zone where the digital asset traded from May 13 - May
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Bitcoin Isn’t Even in a Macro Bull Market Yet: Here’s Why One Is Imminent

[ad_1] Bitcoin has performed extremely well since the $3,700 lows. Data from TradingView suggests that from the lows, the cryptocurrency is up just over 150%. This price action has been undoubtedly impressive. In rallying 150%, BTC managed to outperform any other $100+ billion asset over that same time frame. Though this move hasn’t convinced analysts that Bitcoin is decisively in a bull market. Bitcoin Is Still in a Technical Bear
Business

Bitpay Shuns Lightning and Liquid, Says Actual Bitcoin Payments Still Dominate

[ad_1] Pioneering crypto payments service Bitpay has revealed that Bitcoin still overwhelmingly dominates payments and that it has no plans to use second layer solutions like the Lightning or Liquid networks.Bitcoin is often criticised as a payment method because it is slow — the network can process just a handful of transactions per second —  and expensive (the transaction fee recently topped $6) but it remains the preferred payment method
EXCHANGES

Bitcoin Futures is More Popular & Profitable After Halving?

[ad_1] With less than 2 weeks before the expected Bitcoin halving event, it performed a huge upward movement. However, with just 6 days away May 12, Bitcoin price declined sharply again and broken below $9,000. And after the event, Bitcoin price surged again. In theory, the value of the most prominent cryptocurrency should rise following the halving event since it means that new bitcoins would be harder to produce.  However,
EXCHANGES

These 2 Trends Shows that Wall Street is in a Bitcoin Buying Frenzy

[ad_1] Bitcoin has been subjected to unprecedented turbulence throughout the past few months, declining to lows of $3,800 before rocketing to highs of $10,500 This volatility hasn’t been enough to thwart large market players from foraying into the digital asset Macro investor Paul Tudor Jones has been one of the first traditional investors to publicly profess his interest in BTC, but data shows that he isn’t the only one on
Business

MIT Group Funding Shows Growing Crypto Trading Interest

[ad_1] Floating Point Group, or FPG, a startup delivering institutional crypto traders automation technologies, garnered $2 million of capital from several entities."It's becoming clear that sophisticated quantitative traders and platform developers are viewing the cryptocurrency markets as an exciting new opportunity," FPG CEO John Peurifoy explained in a May 28 statement. The funding goes toward expansion Algorand CEO Steve Kokinos, Seabury Global Markets, AngelList founder Naval Ravikant, and multiple others invested the money
Business

Analyst Who Helped Topple Crypto Child Exploitation Site Honored

[ad_1] Criminal analyst, Kim Reece, has been nominated as a finalist for the Samuel J. Heyman Service to America Medal for her efforts in shutting down a major child porn site. News of the nomination came on May 28.According to the announcement, Reece's work led to an international criminal investigation of the largest dark web child pornography site in the world. This site used cryptocurrencies to cloak payments for more