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Twitter Massive Hack Attack Traced Back to Crypto Wallet Using BitPay and Coinbase

In the massive Bitcoin scheme that happened earlier this week, reputed coin exchanges such as Binance, Gemini, and Coinbase were targeted by crypto scammers, and officials have been hard at work investigating the digital trail that may lead back to the crypto scammers. Not only were these big-name cryptocurrency exchanges affected, but multiple celebrities and huge-time figures ranging … Continue reading Twitter Massive Hack Attack Traced Back to Crypto Wallet Using BitPay and Coinbase

Bitcoin is Superior to Cash, says MicroStrategy Chief Executive Following $250 Million Investment

MicroStrategy Chief Executive Michael Saylor said Bitcoin is “superior to cash” after the Nasdaq-listed data analytics firm sent shockwaves through the cryptocurrency world with a $250 million inflation hedge investment into Bitcoin. 2020 may be remembered as the year Bitcoin entered a stage of market maturity, after years of being regarded as a pump and … Continue reading Bitcoin is Superior to Cash, says MicroStrategy Chief Executive Following $250 Million Investment

Blockchain Capital Joins the Libra Association as Newest Governing Member

The Libra Association has announced Venture capital firm Blockchain Capital as its newest member. Blockchain Capital is a San-Francisco-based investment firm with deep expertise and reach in the blockchain sector. The company was founded in 2013, and since then, it has become one of the leading venture capital firms in the cryptocurrency and blockchain space. … Continue reading Blockchain Capital Joins the Libra Association as Newest Governing Member

Uniswap’s UNI Price Drops by 30%, but DeFi Protocol Still Winning

Uniswap’s very own governance token, UNI, dropped by more than 30% over the weekend, plummeting from its all-time high of $8.39, according to data from CoinMarketCap. Currently, it has fallen back to record $4.94 in pricing. UNI’s trading volume only trails behind BTC, ETH, USDT The trading volume for the governance token collapsed, falling from … Continue reading Uniswap’s UNI Price Drops by 30%, but DeFi Protocol Still Winning

Bitcoin is in a Temporary Low, Crypto Whales Buy the Dip

After enjoying a rollercoaster ride that saw it reach a high of $41,500, Bitcoin (BTC) has tumbled by 13.58% in the last 24 hours to trade at $35,368 at press time, according to CoinMarketCap. This downtrend has seen the crypto market lose around $170 billion after its market capitalization breached the $1 trillion mark. Technical … Continue reading Bitcoin is in a Temporary Low, Crypto Whales Buy the Dip

Holding onto Bitcoin Long Term is the Way to Go, says Crypto Analyst

Bitcoin (BTC) is up by 9.89% in the last 24 hours and is trading at $35,796 at press time after hitting an intraday low of $32,829. The leading cryptocurrency has enjoyed an incredible bull run in recent weeks that saw it breach the $41,500 level as greed and fear of missing out (FOMO) came into … Continue reading Holding onto Bitcoin Long Term is the Way to Go, says Crypto Analyst

Ethereum Mining Difficulty Has Reached an ATH

Ethereum, the second-largest cryptocurrency by market capitalization has attained a new mining difficulty all-time high of 4,745,167,085,193,270 according to Glassnode’s on-chain data. The Ethereum mining difficulty is a measure of how many hashes in statistical terms must be generated to find a valid solution to solve the next Ethereum block and earn the mining reward. … Continue reading Ethereum Mining Difficulty Has Reached an ATH

Bitcoin Provides a Check Against Economic Mismanagement, says US Politician

Ro Khanna, a United States politician representing California’s 17th congressional district since 2017 in the House of Representatives, has shared his opinion about Bitcoin (BTC). Khanna took to his Twitter handle to tout the digital currency noting among other things that the cryptocurrency “provides a check against economic mismanagement.” One of the underlying technologies behind … Continue reading Bitcoin Provides a Check Against Economic Mismanagement, says US Politician

JPMorgan Partners with DBS Group and Temasek to Develop Blockchain-Powered Trade Platform

Leading American bank JPMorgan has joined hands with Singapore-based investment company Temasek and DBS Group Holdings to create a blockchain-enabled foreign exchange settlement, trade, and payment platform for seamless cross-border transactions. Leveraging blockchain technology to curb trade frictions The company behind the new blockchain-powered platform will be called Partior. It will utilize blockchain technology to … Continue reading JPMorgan Partners with DBS Group and Temasek to Develop Blockchain-Powered Trade Platform

France Central Commission Proceeds CBDC-Backed Treasury Bond Trials

Banque de France, the Central Bank of France, commissioned a trial involving the settlement of treasury bonds using Central Bank Digital Currencies (CBDCs) in a blockchain-backed environment. Local media reported the trial is conducted by a consortium of 500 financial institutions led by Euroclear, also include counts Agence France Trésor, BNP Paribas CIB, Crédit Agricole … Continue reading France Central Commission Proceeds CBDC-Backed Treasury Bond Trials