Monthly Archives: March 2020

This Major Turkish Bank Is The Latest Binance Partner for Fiat-to-Crypto Transfers

Binance announced a partnership with Turkey’s major bank, and Changpeng Zhao told the details to Cointelegraph. Major crypto exchange Binance announced that their fiat on-ramp for Turkish Lira is live thanks to a partnership with major Turkish bank Akbank, Cointelegraph Turkey reported on March 2. Binance users from Turkey can now deposit and withdraw directly through money order or EFT, whether they have an Akbank account or not. “As one of the biggest banks in Turkey, Akbank is serving the crypto community since 2017,” Binance CEO Changpeng […]

More info

Institutional Custody Is Key as KPMG Estimates $9.8 Billion in Crypto Stolen Since 2017

Big Four accounting firm KPMG issued a new report on crypto assets, estimating that more than $9.8 billion in cryptocurrency has been stolen by hackers since 2017. Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 billion worth of crypto has been stolen since 2017. The findings revealed that lax security and poorly written code were responsible for most thefts. As institutional investors adopt Bitcoin (BTC) and Ethereum […]

More info

LocalBitcoins Hits a 7-Year Low of Weekly Traded Bitcoins

Popular P2P exchange LocalBitcoins traded 3,144 bitcoins during one week in February, which is the lowest since 2013. Popular peer-to-peer (P2P) crypto trading exchange LocalBitcoins saw a major decline in Bitcoin (BTC) trading volumes amid apparent user uncertainty. According to data from Bitcoin (BTC) statistics website Coin Dance, global Bitcoin trading volumes on LocalBitcoins exchange have touched a seven-year low during the week ending on Feb. 22. BTC trading volumes drop from 13K bitcoins in February 2019 to about 3K in 2020 During the weekly period, LocalBitcoins […]

More info

Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High

On Monday, March 2, miners processing blocks on the BTC network surpassed the network’s all-time high as the overall hashrate touched 136 exahash (EH/s). The record-breaking achievement happened despite the price of BTC dropping below the $9K region throughout the course of the last week. In four years’ time, BTC’s hashrate has risen over 13,500% and it doesn’t look like slowing up anytime soon. Also read: 13 Crypto Debit Cards You Can Use Right Now BTC’s Hashrate Between 136-145EH/s on Monday Since the innovative payment network Bitcoin […]

More info

Argentina Suspends Blockchain System to Register Companies Online

In a blow to adoption, Argentina has placed a 180-day halt on the blockchain-based digital system that lets new companies register in five minutes. The government of Argentina has announced that it is suspending the national blockchain-based mechanism to register new companies for a period of 180 days. The measure, according to statements made by Ricardo Nissen to La Nación, who is the head of the General Inspectorate of Justice (IGJ), seeks to reorder the registration of new companies so that the IGJ can participate in the […]

More info

Google Play Store Takes Down Crypto News Apps, Including Cointelegraph’s

Without explanation, Google’s Play Store has taken down a number of apps of cryptocurrency news outlets, including Cointelegraph’s and Coindesk’s. Google’s Play Store for Android smartphone apps seems to have taken an issue with reporting on cryptocurrencies and blockchain news, taking down several notable apps, including ours.  The newest block? As of 2:00 PM EST, apps of crypto news sites including Cointelegraph and Coindesk were unavailable on the Play Store. Screenshots of results returned for Cointelegraph and Coindesk Google did not contact Cointelegraph regarding the planned removal. […]

More info

Bitcoin Momentum Investing — Does Buy the Dump, Sell the Pump Work?

Data shows that buying the worst-performing cryptos on a daily basis can provide a better risk-adjusted-performance than just buying the best-performing cryptocurrency. This week as equities markets plummeted across the globe, Bitcoin (BTC) price also faced a sharp correction. Over the past week Bitcoin price has dropped $1,500 and currently trades at $8,454, a new four week low.  Since the start of the year Bitcoin and most major altcoins showed an impressive gain in price, leading analysts to suggest that a bull-run was brewing for 2020, an […]

More info

Cybersecurity Experts Warn Against Popular Phones and Losing Fingers to Criminals

Cybersecurity Experts weigh in on the most secure phone models and 2FA schemes, warn against biometrics. Speaking at the RSA Conference in San Francisco, cybersecurity experts Aaron Turner and Georgia Weidman discussed two-factor authentication and biometrics as means to securing one’s phone. Although they concur that the two-factor authentication is the way to go, there are certain caveats. Authenticator apps like Google Authenticator generally provide better security than SMS-based schemes, however, they are only as good as the devices running them. iOS v. Android — safest phones […]

More info

Marshall Islands’ Sovereign Digital Currency Will Be Based on Algorand

After revealing its planned digital currency back in 2018, the Marshall Islands chose blockchain firm Algorand as technology partner for the project. The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as technology partner for its national digital currency. After first revealing its planned digital currency — the Marshallese Sovereign (SOV) — back in February 2018, the Marshall Islands has taken a further step in the development by partnering with major blockchain startup Algorand. SOV supply will be algorithmically fixed to grow at 4% […]

More info

Price Analysis Mar 2: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

The bulls have succeeded in defending the 200-day SMA in most major cryptocurrencies. This is likely to result in a sharp relief rally in the next few days. After the rout last week, most asset classes have started the week with a rebound. The total crypto market capitalization has bounced from the recent lows of about $240.7 billion to $251 billion at press time. The strength of the rebound will confirm whether a bottom is in place or if this is a dead cat bounce after which […]

More info
1 2 3 4