Safe Haven? Bitcoin’s Recent Rally Correlated With Gold And Silver

Over the year so far, Bitcoin has demonstrated interesting correlations with legacy markets. During the crash, largely-induced by the spread of the novel coronavirus and for a period after that, the cryptocurrency was trading in line with the stock market. Now, however, it appears that Bitcoin is largely perceived as a safe haven as it demonstrates a massive correlation with...

$1 Billion Worth of Bitcoin Just Sent For a $4 Fee

Bitcoin’s network is known for a lot of things, and low transaction fees are undoubtedly one of them. Less than an hour ago, we saw another example of this as upwards of $1 billion worth of BTC was transferred from one address to another for a fee of $4 at current rates. $1 Billion Worth of BTC Transferred for $4 Whale transactions...

Ripple’s $0.3 Sideways Action May End With a Huge Move (XRP Price Analysis)

XRP saw a strong 23.5% increase this week as it climbed as high as $0.321. The coin has dropped slightly as it trades at $0.30. Against Bitcoin, XRP reached as high as 2800 SAT before falling into the 2555 SAT support. XRP/USD: XRP Bulls Find Resistance at Bearish .886 Fib Retracement Key Support Levels: $0.3, $0.291, $0.28. Key Resistance Levels: $0.313, $0.321, $0.331. XRP saw...

Grayscale Files an SEC Form 10 For Its Ethereum (ETH) Trust

how to make a cryptocurrency 2
The large cryptocurrency asset manager Grayscale Investments has filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for its Grayscale Ethereum Trust. Should the application be successful, the ETH Trust will be the second company product designated as a digital asset investment vehicle reporting to the SEC after the Grayscale Bitcoin Trust. Grayscale ETH Trust Files...

$30 Million In BTC And BCH Seized By German Authorities And FBI

how to make a cryptocurrency 2
By working together with the US Federal Bureau of Investigation (FBI), German law enforcement agencies have seized nearly $30 million worth of Bitcoin and Bitcoin Cash from two men allegedly running a large pirate streaming website called Movie2K. Movie2K’s Backstory The pirate streaming website began operating in 2008 and ran until 2013. In that timeframe, Movie2K allegedly distributed nearly 900,000 copies...

Japan Expresses Concern Over Promoting Cryptocurrency Trading

how to make a cryptocurrency 2
Top Japanese financial bureaucrat Ryozo Himino thinks that promoting cryptocurrency trading will not necessarily accelerate technological innovation. Rather it will spark increased speculative trading, the regulator said. Himono has, therefore, cautioned against the same. Deregulating Bitcoin & Cryptocurrencies Will Fuel’ Speculative Trading’ As per a Reuters article, the Japanese Financial Services Agency boss has shared fresh thoughts regarding his stance on...

Chinese Commercial Banks Test A CBDC-Linked Digital Wallet

The Chinese central bank digital currency (CBDC) could be approaching its long-anticipated launch as new reports indicated that multiple local commercial banks have begun conducting trials of a digital wallet application linked to the CBDC. Chinese Banks Test Digital Wallet App For CBDC In the latest turn of events regarding China’s future digital currency, a Reuters report asserted that several large...

Bitcoin Price Analysis: BTC Fails to Retest $12K, is the Bull Run Over?

Bitcoin bulls look pretty tired right now. The leading cryptocurrency has printed the first lower high since July 21 and is currently stalling around the 0.786 Fibonacci level (white lines) at $11,743. We’ve also seen $4 billion exit the market in the last ten hours, which seems to suggest that some traders are cashing out of the bull run. Is this...

Ethereum Classic Suffers Another 51% Attack, Buterin Suggests Switch to PoS

Ethereum Classic has been in the wars again with a second 51% attack within a week. This incursion has brought the security of the network under the spotlight again, though ETC prices remain largely unmoved at the time of writing. Earlier today, August 6, Etherchain.org tweeted that its Ethermine affiliated mining pool had disabled ETC pool payouts after more than...

Bitcoin Price Stopped At $11,800, Altcoins Got a Hit (Market Watch)

Bitcoin has recovered some of its dominance over the market in the past 24 hours after breaking above $11,600. At the same time, large-cap altcoins have calmed and even taken a hit, but fluctuations are evident among lower-cap alts. Bitcoin Moves Ahead As CryptoPotato reported a few days ago, Bitcoin’s price chart was forming a bullish reversal pattern suggesting a possible...