Category Archives: Crypto News

Paypal’s Pornhub Snub Pumps Verge (XVG) by 33% on 168% Volume Surge

Verge (XVG) price has seen a 33% pump in the 24 hours following Paypal’s move to pull the plug on the adult entertainment website Pornhub. Verge (XVG) has seen a 33% pump in the 24 hours following Paypal’s move to pull the plug on the adult entertainment website Pornhub. XVG — whose creators struck a deal with Pornub back in April 2018 — has skyrocketed in value since the PayPal news broke on Nov. 14, as Coin360 data shows. XVG price 7-day chart. Source: Coin360 168% increase […]

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Bitcoin Price Back ‘On the Edge’ Says Trader After $8.8K Rejection

A sudden attempt to crack $9,000 resistance fell through on Friday, with Bitcoin coming full circle in less than an hour in brief volatility. Bitcoin (BTC) staged a dramatic breakout of its weekly trading corridor on Nov. 15, but selling pressure rejected an attempt to break $9,000.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin fails to break resistance at $9K Data from Coin360 shows BTC/USD suddenly moving upwards on Friday, hitting $8,800 in minutes from previous levels closer to $8,550.  The bullish momentum failed to last, however, […]

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Binance CEO: It’ll Be Hard for Nations to Outrun China on Blockchain

Changpeng Zhao, founder and CEO of crypto exchange Binance, says the Chinese President’s endorsement of blockchain will inevitably drive mass adoption of crypto. Changpeng Zhao, founder and CEO of crypto exchange Binance, says the Chinese President’s endorsement of blockchain will inevitably drive mass adoption of crypto. In an interview with Bloomberg Markets: Asia on Nov. 15, Zhao — better known by his industry moniker “CZ” — gave his perspective on the likely global impact of the recent intervention by President Xi Jinping. “We’re going to see a […]

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Samson Mow: Stablecoins Are a ‘Mid-Step Towards Hyperbitcoinization’

In a Cointelegraph BlockShow panel, the Blockstream CSO delivered a frank appraisal of the stablecoin space’s present and future. Stablecoin Tether (USDT) is clearly the preference among investors but will not see a retail use case, Samson Mow says.  The Blockstream CSO, who was speaking at Cointelegraph’s ongoing BlockShow conference on Nov. 15, noted that Tether’s first-mover advantage placed it in another league from the increasing number of other stablecoins on the market. Mow: Tether won’t be big in retail Mow made the comments during a panel […]

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Tom Lee: Like FAANG Stocks, BTC Will Hit $25K Due to ‘Network Value’

Fundstrat’s Tom Lee believes Bitcoin and other cryptocurrencies will hit major price valuations in the same manner that the tech behemoths did. Fundstrat’s Tom Lee believes Bitcoin (BTC) will accrue price value following a similar logic to the Silicon Valley tech titans. During an interview for CNBC’s Street Signs Asia on show on Nov. 15, Lee argued that cryptocurrencies “are network value assets” — and share this with the world’s most successful tech stocks. “Network value assets” Lee — a renowned Bitcoin bull, co-founder and Wall Street […]

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Bitcoin Cash Difficulty Volatile Ahead of Nov. 15 Hard Fork

Ahead of its hard fork, Bitcoin Cash sees suspicious hashing power sources cause a ruckus. An upcoming planned hard fork in Bitcoin Cash (BCH) will impose relatively simple technical changes to its consensus mechanism that will not split the chain, despite some turbulent undercurrents in the coin’s community regarding issues which have recently become difficult to ignore. Disloyalty and perhaps manipulation among miners, or just the possibility of such, has refocused the conversation ahead of the Nov. 15 fork.  These issues have gone unaddressed in the “planned […]

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This Blockchain-Based Social Media Network Is The First Apple Pay Approved DApp

With 15,000 users, Pepo is a social media product that wants to engage the crypto community. During day two of BlockShow Asia 2019, Pepo founder and CEO Jason Goldberg hosted a keynote to present his new product. With 15,000 users and more than 45,000 peer-to-peer transactions to its credit, Pepo aims to change the way people create content for the crypto community. “We are already among the biggest DApps in the world. We are now number 12, and we aim to reach the top really soon,” Goldberg […]

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Institutional Investors Want These 3 Things Before Jumping Into Crypto

Financial institutions are paying lots of attention to crypto, but they need a little more from it first. Institutional investors aren’t being overlooked at BlockShow Asia 2019. At a panel titled “Unlocking Yield In Cryptocurrency Assets — Encouraging Institutions To Enter The Industry,” a number of crypto leaders shared their thoughts on how to make emergent financial technology accessible to mainstream financial entities. Speakers included Jasper Lee, Managing Director at eToro Group Asia; Justin Chow, Head of Business Development Asia for Cumberland; Saharan Nair, Chief Business Officer […]

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Exclusive: SingularityNET Announces Its New PayPal Integration

The bridge between crypto and fiat is getting stronger. The bridge between crypto and fiat is getting stronger. Speaking on stage at BlockShow Asia 2019, Chief Scientist and CEO of decentralized AI marketplace SingularityNET Ben Goertzel announced new support for conventional PayPal transactions to support the purchase of the platform’s AGI tokens. “We’re excited about this. It opens the door for new ways to promote and grow the network,” Goertzel said. This move grants SingularityNET easy access to PayPal’s 286 million users. Earlier iterations of this marketplace […]

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Chinese Regulators Set to Push Inspections of Crypto Mining firms

Regulators in the Chinese autonomous province of Inner Mongolia intend to dispatch inspection units to assure the clean-up of local crypto mining companies. Regulators in the Chinese autonomous province of Inner Mongolia continue to crack down on the province’s crypto mining companies. The Global Times reported on Nov. 13 that northern China’s Inner Mongolia Autonomous Region is tightening its grip on crypto mining companies, as it intends to dispatch inspection units to assure the “clean-up and rectification of crypto token mining companies” in the region. “Crypto token […]

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