Analyst says strong DXY no good for Bitcoin price, urges leverage traders to be ‘careful’

Digital asset security specialist, Fireblocks, announced the development of a new multi-party computation, or MPC, algorithm on May 13. The algorithm is claimed to improve the transaction speed for secure digital asset transfer by 800%.Furthermore, digital asset custodians and vendors will be able to access and use the new protocol without cost. Fireblocks does not…

A cryptocurrency analyst has suggested that price manipulation was behind Bitcoin’s current (and previous) all-time highs, and that the $20,000 December 2017 price was “fake.” 2280 Total views 36 Total shares Cane Island Alternative Advisors’ Timothy Peterson has claimed that Bitcoin’s (BTC) near-$20,000 all-time high (ATH) in December 2017 was “fake.”In a tweet on June…

A recent report from the Canadian Digital Chamber of Commerce shows that salaries in the Canadian blockchain industry are amongst the highest in the country.Much needed legal clarityThe Chamber of Digital Commerce Canada released its October report on the country’s blockchain ecosystem, showing insights into the health of the industry, current strengths and legal needs…

The U.S. is slowly increasing its share of the Bitcoin hashrate. 2172 Total views 27 Total shares Although the majority of Bitcoin mining is still based in China, there are signs it is beginning to shift elsewhere.Chun Wang, the co-founder of one of Bitcoin’s largest mining pools, F2Pool, reported that China represented less than half…

Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term.

The U.K.’s Financial Conduct Authority (FCA) has said that crypto investment scams are increasingly targeting British investors, in an official warning published August 17. The watchdog warns that fraudsters often use celebrity images, slick websites or “prestigious” City of London addresses as a smokescreen through which to lure prospective investors. It adds: “Scam firms can…

Major South Korean bank KB Kookmin Bank is planning to integrate blockchain technology into its internal processes.As local news outlet Korea JoongAng Daily reported on Oct. 7, KB Kookmin stated that blockchain technology could provide a spectrum of benefits to the financial industry, including the issuance of digital tokens, funding, custodial services and trading.Taking a…

The protocol was at the center of some recent hacks and exploits in decentralized finance, including the alleged theft of $455 million by the North Korea-affiliated Lazarus Group. 823 Total views 6 Total shares The United States Treasury Department has added more than 40 cryptocurrency addresses allegedly connected to controversial mixer Tornado Cash to the…

For Vasily Shapovalov, the magnitude of the proof-of-stake transition could cause unforeseeable problems. 73 Total views 24 Total shares Crypto enthusiasts are finally getting some respite from the ongoing bear market as the price of Ethereum has increased 48% before the looming Merge upgrade that transitions the blockchain into one powered by proof-of-stake consensus. As…