Bitcoin long liquidations hit $300M as BTC price falls to $62K
A flash crash in Bitcoin price on shorter timeframes induces panic among leveraged long traders, but analysts believe it’s a short-term pullback.
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Dairy Queen opens NFT pop-up store in China
The pop-up nonfungible token store, co-sponsored by Weirdo Ghost Gang, will run until the end of the year. 264 Total views 2 Total shares Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China.According to a press release seen by Cointelegraph, the “Ice
BitMEX Observes Increase in Attacks on Accounts, Stresses Security Measures
Hong Kong-based peer-to-peer (P2P) cryptocurrency exchange BitMEX has reported an influx of attacks on user account credentials, according to an official blog post on June 11.In addition to covering a litany of best practices for user security, the cryptocurrency exchange stressed the importance of using two-factor authentication (2FA) in particular. The report summarizes 2FA as…
Fed’s Powell has no intent to ban Bitcoin or crypto
Powell testified before the House Financial Services Committee on Thursday on matters related to the economy and the Covid-19 pandemic. 789 Total views 17 Total shares Federal Reserve Chairman Jerome Powell believes the federal government needs to regulate the cryptocurrency market, but that a blanket ban on Bitcoin (BTC) and other digital assets is not…
Coinbase Earn Now Available to the Public in Over 100 Countries
Major crypto platform Coinbase has opened its Coinbase Earn program to the public in over 100 countries, according to a press release on May 17.As Cointelegraph reported, Coinbase first announced the program at the end of 2018 as an invite-only initiative. This pilot period let users earn cryptocurrency by learning about the ERC-20 token “0x”…
Philippine SEC Warns of International Ponzi Offering 300% Daily Returns
The Philippines Securities and Exchange Commission (SEC) warned of a crypto Ponzi scheme targeting Filipino, Australian, and European investors on March 30.The scheme, Bitcoin Revolution, comprises a classic Ponzi in which investors are offered exorbitant compounding daily returns on deposited funds.Bitcoin Revolution claims to have software that produces trades with a success rate of between…
IBM Patents Blockchain Implementation to Manage Data For Autonomous Vehicles
Multinational computing giant IBM is adding to its arsenal of blockchain patents with a new implementation to manage data and interactions for self-driving vehicles (SDVs). The patent was published by the United States Patent and Trademark Office on April 2.IBM — which has, according to the documents, previously filed extensive patents for various inventions related…
Blockchain, DLTs, and a Lot of Crypto-Bashing: Main Takeaways From Davos WEF
This year’s World Economic Forum (WEF) Annual Meeting has finished, and it’s time to recap the highlights. The forum — held in Davos, Switzerland, as per tradition — lasted from Jan. 22 to 25.Similar to the last year, cryptocurrencies were one of the major talking points in Davos. In general, it seems that the “Blockchain…
51 crypto firms withdraw licensing applications in the UK
The inability to satisfy Anti-Money Laundering standards set by regulators in the United Kingdom is reportedly forcing many crypto companies out of business. 2130 Total views 1 Total shares Strict Anti-Money Laundering laws in the United Kingdom appear to be constituting a major operational hurdle for crypto firms in the country.According to the U.K. Financial…