May 2021 | Page 9 of 125 | Last Cryptocurrency News Feed

3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week

Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap.There are several big reasons behind the strong uptrend of MATIC, including the growing hype around Polygon, Google BigQuery announcement, and Mark Cuban's investment.MATIC 1-day candle chart (Binance). Source:…

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The future of digital asset liquidity: Centralized or decentralized?

Last month, Bitcoin (BTC) reached above $60,000, highlighting the current frenzy around digital currencies. Following BTC, altcoins also saw substantial increases in value. All of this is music to the ears of long-term and short-term bull investors seeking increased gains, even with the current pullback and support of Bitcoin hovering around $40,000. However, despite all the…

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Privacy Coins Soar as Bitcoin Dipped Below $35K (Weekend Watch)

Bitcoin’s enhanced volatility resumed in the past 24 hours as the cryptocurrency fell to its lowest price level in five days beneath $35,000. Most alternative coins also experienced similar dips and increased BTC’s market dominance to above 43%. Bitcoin Dipped Below $35K After recovering from its most violent losses to $30,000, the primary cryptocurrency was…

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Using Hash Rate To Examine Bitcoin Price Dips

The bitcoin mining industry undergoes various capitulations upon the halving of block rewards, affecting bitcoin’s price.Mimesis Capital: Inside The Event Horizon, Report #17Why Hash Ribbons Predict Local Bitcoin Bottoms So AccuratelyTheory: When the bitcoin price hits a certain level, selling pressure starts to exponentially disappear.Bitcoin mining is a ruthless industry. Over the long run only…

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S.E.C. charges 5 for illegally promoting $2 billion Bitconnect Ponzi

The S.E.C. says five individuals "promoted a global unregistered digital asset securities offering." 3302 Total views 10 Total shares Three years and some unforgettable memes later, the Securities and Exchange Commission has announced that 5 individuals will face charges relating to promoting the Bitconnect Ponzi scheme. “The SEC's complaint alleges that these promoters offered and sold…

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SEC Charges Five Promoters of BitConnect Crypto Ponzi Scheme

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against five individuals in connection with BitConnect for promoting and selling unregistered securities. BitConnect is a notorious cryptocurrency Ponzi scheme that stole billions of dollars from investors, making it one of the biggest scams in the crypto industry. The SEC alleges that the…

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Regulators Cannot Actually Ban Bitcoin

There are various aspects of the technology that make an outright ban on bitcoin unfeasible.“You’d have to shut down the internet.” Hester Peirce, Commissioner to the U.S. Securities and Exchange Commission (SEC) on implementing a Bitcoin ban.Although Bitcoin’s market capitalization has surpassed $1 trillion, statements from governmental authorities and business leaders continue to fuel speculation…

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Stablecoin company earns record-level investment sum for a crypto outfit

Circle now hodls the record for receiving the biggest investment round taken in by a crypto entity. 2215 Total views 4 Total shares Crypto companies have been on the rise in tandem with the industry’s growth in recent years. A report from Forbes recently detailed a number of large investments into blockchain and digital asset…

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Vitalik argues that proof-of-stake is a ‘solution’ to Ethereum’s environmental woes

The stakes are high for the chain to transition, as those that don't risk getting 'left behind.' 1913 Total views 8 Total shares At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has…

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Bearish signals grow as Bitcoin price drops to $35K and traders ignore the dip

Bitcoin price hangs slightly above $35,000 while traders simply watch the dip from the sidelines. 9067 Total views 11 Total shares The cryptocurrency market faced a new wave of selling pressure on May 28 as Bitcoin (BTC) price dropped to $35,100 and traders seem generally disinterested in buy the dip ahead of the weekend.Despite the…