Bitcoin set for sub $50K correction in September: Analysts

The bankrupt crypto mining firm believes that the long-term benefits outweigh the immediate loss of handing over the machines. 342 Total views 2 Total shares Own this piece of history Collect this article as an NFTCrypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an…

Saturday, May 11 — most of the top 20 cryptocurrencies are reporting major gains on the day by press time, as bitcoin (BTC) breaks the $6,900 mark.Market visualization courtesy of Coin360Bitcoin is up over eight percent on the day, trading at $6,950 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin…

Ripple is looking to define its strategy regarding central bank digital currencies. 1654 Total views 15 Total shares Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs.According to a recent job posting by Ripple, the firm is seeking a senior director of central bank…

Galaxy Digital, a major cryptocurrency investment bank founded by ex-Goldman Sachs partner, Mike Novogratz, continued its 2018 trend by posting another net loss in Q4 of 2019.According to an official April 8 announcement, the company suffered a net loss of more than $32.9 million in Q4, with the company outlining “realized loss on digital assets”…

US Representatives Tom Emmer and Patrick McHenry gave Gary Gensler until the end of the month to answer questions about the SEC’s approach to crypto airdrops. 

MoonBeam wants Ethereum developers to feel comfortable on Polkadot. 927 Total views 13 Total shares The MoonBeam project is planning on setting up a custom parachain that emulates the Ethereum Virtual Machine environment, effectively recreating Ethereum (ETH) on Polkadot (DOT).Developers on Polkadot and some other interoperability projects usually need to set up an entire blockchain…

On Oct. 14, bulls flexed their muscles and showed their intent to push the price of Bitcoin (BTC) closer to its $65,900 all-time high. One reason for the move is the steady chatter about the possibility of a Bitcoin exchange-traded fund (ETF) being approved by the end of October. Data from Cointelegraph Markets Pro and TradingView shows…

The U.S. Department of Homeland Security (DHS) is seeking information about investigating and analyzing blockchains, including those used for privacy coins, according to a pre-solicitation notice published Nov. 30.DHS has released a proposal, which invites interested parties to comment and design applications for blockchain forensic analytics in respect to emerging cryptocurrencies. The proposal also calls…