Breaking: UK bans sale of Bitcoin Ethereum and XRP derivatives to retail consumers

Breaking: UK bans sale of Bitcoin, Ethereum and XRP derivatives to retail consumers The market for crypto-derivatives, e.g. Bitcoin, Ethereum, XRP and other cryptocurrencies has taken a severe hit. The UK Financial Conduct Authority (FCA) has banned its trading for retail customers. In the official announcement, the regulator declared that the above products are “harmful” to consumers for 5 main reasons. […]

Bitcoin Halving: How the Miners are Faring So Far

Bitcoin Halving: How the Miners are Faring So Far On May 11, 2020, Bitcoin successfully executed its third block reward halving. Bitcoin halving events usually occur every four years, and the first and the second events took place in 2012 and 2016, respectively. Since miners’ rewards for verifying blockchain transactions are usually trimmed by 50% […]

SEC brings John McAfee to court over ICO promotion

The cybersecurity millionaire and former presidential candidate sees new additions to his legal woes. Update: The Justice Department reports John McAfee has been arrested in Spain for tax evasion and is awaiting extradition to the United States. On Monday, the U.S. Securities and Exchange Commission filed suit against John McAfee for allegedly promoting initial coin […]

ADVN Stock Exchange: Bitcoin May Surfer Major Price Crash before November

ADVN Stock Exchange: Bitcoin May Surfer Major Price Crash before November     The high correlation between Bitcoin and Gold’s trend in the past few weeks could mean a major price fall for BTC as prominent investor Clem Chambers warns imminent crash across all stock markets including Gold. The CEO of the London-based stock exchange […]

Bitcoin use rise in Egypt amid economic recession

People continue to turn to Bitcoin and other cryptocurrencies to boost their profits even amid a pandemic. As the COVID-19 pandemic pushed the Egyptian economy into recession and deepening unemployment, more and more Egyptians see the benefits of trading and mining Bitcoin as an alternative source of income. According to Al-Monitor, many Egyptians, particularly young […]

KuCoin CEO claims hacking suspects identified

They’ve already gotten the police involved. As the fallout from the hack on its platform continues, KuCoin said it has identified suspects and have now officially involved law enforcement in the investigation. KuCoin CEO Johnny Lyu tweeted on Oct. 3 that the exchange now has substantial proof that identifies who hacked the service on Sept. […]

Crypto ‘Is Now Finally Being Taken Seriously’ By Taxman

Crypto 'Is Now Finally Being Taken Seriously' By Taxman The major consulting company, PwC said that the increased interest in cryptoassets from tax authorities and other regulators shows that this asset class is now finally being taken seriously. (Updated at 14:59 UTC: the new last paragraph has been added). "What our research shows is that […]

Top 4 Risks DeFi Investors Face

Top 4 Risks DeFi Investors Face Impressive growth in the DeFi (decentralized finance) market since the start of the year has shown us that there is a high demand for yield-generating protocols, despite the risky nature of these new financial products. DeFi’s value proposition is easily apparent: borderless access to a host of financial services […]

Where is Blockchain Not Needed?

Where is Blockchain Not Needed? A consensus has built in the last few years that blockchain is going to continue to broaden its impact in modern society. Once tied exclusively to bitcoin, the technology has already become more widely useful, and most seem to expect that this trend will continue.   For our part, our […]

This data metric suggests the crypto market could soon see another altseason

This data metric suggests the crypto market could soon see another “altseason” The crypto market has taken a beating throughout the past few days and weeks, with sellers taking full control over altcoins as Bitcoin oscillates within a relatively wide trading range between $10,200 and $11,200. This has created an air of uncertainty amongst investors, […]