Cryptocurrency markets could soon hit lower lows and continue their record bear market, investment and analysis firm Fundstrat Global Advisors warned in an email quoted by Bloomberg on Feb. 6. Writing to traders, one strategist at the firm, Robert Sluymer, forecast that on the basis of current performance, there was a chance Bitcoin (BTC) and
Shoppers of e-commerce giant Amazon would like to be able to purchase a wider variety of products, including cryptocurrency, according to a recent report published by a financial portal Investing.com. In the course of the survey, Investing.com reportedly surveyed over 1,000 Amazon shoppers in order to discover ordering frequency and the trust level customers have
Four banks in the Islamic Republic of Iran have developed a gold-backed cryptocurrency called PayMon, financial news website Financial Tribune reported on Jan. 30. According to the article, the crypto asset has been developed in cooperation with the Parsian Bank, the Bank Pasargad, Bank Melli Iran and Bank Mellat. Iran Fara Bourse, an over-the-counter (OTC)
Major United States crypto exchange and wallet provider Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal. The development was announced in an official blog post published on Feb. 5. As reported, Coinbase had first rolled out PayPal withdrawal support for U.S. users last month. The
Monday, Feb. 4 — crypto markets have continued trading sideways over the past 24 hours, while Bitcoin (BTC) has been reasonably stable over the past 7 days, according to data from CoinMarketCap. Market visualization from Coin360 The major cryptocurrency Bitcoin is up around 0.2 percent over the past 24 hours, and is trading at $3,470
More cryptocurrency mining malware continues to target major corporations, hijacking victims to mine altcoin Monero (XMR), new research warned on Feb. 5. Findings from the Special Ops team at United States cybersecurity company JASK reveal a modified version of trojan Shellbot has become increasingly prevalent since its debut in November last year. The perpetrators, the
The Philippines has introduced a new set of rules governing Digital Asset Token Offering (DATO), according to a press release published by the Asia Blockchain and Crypto Association (ABACA) on Feb. 4. The new regulations released by the country’s Cagayan Economic Zone Authority (CEZA) are reportedly designed to regulate the cryptocurrency industry and protect investors,
Tuesday, Feb. 5 — cryptocurrency markets are trading sideways and reporting mild losses. Bitcoin (BTC) is struggling to stay in the green, while other major coins are experiencing a downward trend. Market visualization from Coin360 The leading digital currency BTC is trading at around $3,468 at press time, having gained a modest 0.16 percent on
EOS.io, the company responsible for the development of fourth-largest crypto by market cap EOS, has handed over bug bounties for five critical vulnerabilities this year. Public activity on breach disclosure platform HackerOne revealed the bounties. On Jan. 10, $40,750 was awarded to five white hat hackers on the platform by EOS.io, and the day after,
Prosecutors will get the encrypted laptop of recently deceased CEO of major Canadian crypto exchange QuadrigaCX Gerald Cotten, Canadian broadcast network CBC reports Tuesday, Feb. 5. According to CBC, the laptop that might provide access to $190 million of QuadrigaCX customer funds will be given to lawyers. Moreover, the lawyers are considering selling the company
Phillip Potter, co-founder of Tether (USDT) and former Chief Strategy Officer of affiliate crypto exchange Bitfinex, has joined the advisory board of a new stablecoin clearing house project, Stablehouse.io. The news was shared with Cointelegraph in a press release on Feb. 5. Stablehouse.io, currently under development by crypto finance company XBTO, aims to act as
Andrey Kostin — the head of VTB, Russia’s second-largest bank — has compared cryptocurrency mining with counterfeiting, major Russian news agency TASS reports Monday, Feb. 4. While speaking to students who participated in an educational contest organized by major Russian tech corporation Yandex, Kostin said: “I am not a big fan of the crypto ruble.
Venezuelan leader Nicolas Maduro was sworn in for a second term on Jan. 10, amid tremendous hyperinflation, long-lasting political and economic crisis, and strict sanctions imposed by its former partner and oil purchaser: the United States. Since Maduro first took office in 2013, Venezuela has faced several brutal riots, including the “Mother of All Marches”
Monero (XMR) core developer Riccardo “Fluffypony’” Spagni has said he expects regulatory arbitrage to become an increasingly prevalent and impactful phenomenon in the crypto space in coming years. Spagni made his remarks during a panel at the annual “Innovate Finance” event, hosted by digital assets liquidity provider E8 Partners in Davos, Switzerland on Jan. 25.
Monday, January 28 — Bitcoin (BTC) lost 3 percent and altcoins shed up to one tenth of their value as bearish moves returned to cryptocurrency markets. Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 shows a downtrend at the start of the week, with BTC/USD losing support at $3,500. A sudden dip
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Jeff Schumacher, founder of BCG Digital Ventures, told