Day: February 13, 2020

Cryptocurrencies have gained significant value over the last few weeks and it’s causing exuberance among digital currency proponents. Now a number of traders and influencers believe bitcoin and other coins are in bullish territory. Despite the surge to $13K last July and the deep pullback that followed, BTC investors and influencers have no issue believing that crypto is on the threshold of another bull market. Also read: XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins ‘Calling the Bull’ Is a Bold Move, But a…

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A number of XRP traders are complaining about massive liquidations on Bitmex as the price of XRP spiked and was brought down by 56% in a single candle. After the incident, well known traders with leveraged positions took to Twitter to complain about the upset as some investors were completely liquidated. Also read: Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger Traders Complain About XRP’s 56% Drop in One Candle XRP traders got extremely upset on Thursday when the price of XRP went from…

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The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Tuesday that bitcoin and other cryptocurrencies are “like a giant garbage dumpster.” He would rather his one-year-old daughter have a low yielding Treasury bond than a bitcoin, emphasizing that all that’s emerging from the crypto world “is burning garbage.” Also read: Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger Bitcoin and Crypto ‘a Giant Garbage Dumpster’ Minneapolis Federal Reserve President Neel Kashkari talked about cryptocurrencies, including bitcoin, at a Town Hall…

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U.S. Treasury Secretary Steven Mnuchin gave his testimony on cryptocurrency before the Senate Finance Committee on Wednesday. Mnuchin said crypto is a “crucial area” that the Treasury has spent a lot of time on. He also talked about stablecoins and announced that new crypto regulations focusing on transparency will be rolled out soon. Also read: Trump Views Crypto a Threat, Proposes Countermeasures in New Budget Mnuchin on Cryptocurrency Steven Mnuchin, U.S. Secretary of the Treasury, testified before the Senate Finance Committee on Wednesday regarding President Donald Trump’s budget for the…

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A report published by cybersecurity organization Insikt Group claims internet use in North Korea has grown significantly in the past three years. The group cites a “300% increase in the volume of activity to and from North Korean networks since 2017,” and part of this activity involves monero (XMR) mining. Insikt observes a tenfold increase in mining of the privacy coin by the DPRK since May 2019. Though the global internet is used only by elite parties in the communist nation, crypto is said to be mined in an effort…

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Coinbase has launched margin trading for users of its cryptocurrency trading platform, Coinbase Pro. Both individual and institutional investors in selected regions now have access to Coinbase margin trading. The company plans to expand access to more regions and provide more types of collateral assets. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin Coinbase Margin Trading Launches Digital asset platform Coinbase announced Wednesday that it has launched margin trading on Coinbase Pro, its cryptocurrency trading platform. The San Francisco-based company wrote: Today we’re excited to…

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Losing a phone or hardware wallet containing cryptocurrency is inconvenient, but it shouldn’t be fatal. Provided you’ve backed up your private key, recovering your coins is a simple exercise. Should you find yourself in such a predicament, however, there’s a few things you should know before reaching for your wallet recovery phrase. Also read: Zengo Is a Keyless Yet Noncustodial Bitcoin Wallet Recover Your Wallet the Right Way If you’re smart enough to store your bitcoin in a noncustodial wallet, you’re smart enough to make a backup. Whether you’re using…

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