Monthly Archives: August 2019

US Freezes Maduro Gov’t Assets as P2P Bitcoin Volume Soars in Venezuela

In a major escalation against socialist president Nicolás Maduro, Donald Trump’s administration has frozen all Venezuelan government assets. In a major escalation against socialist president Nicolás Maduro, Donald Trump’s administration has frozen all Venezuelan government assets.  The United States’ hawkish move has been reflected in a new all-time-high for peer-to-peer trading volume on LocalBitcoins in the country. Trump takes on the ‘usurper’ As the Associated Press (AP) reported on August 5, the U.S. administration’s action took immediate effect this Monday, with President Trump citing Maduro’s ongoing “usurpation” […]

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Litecoin Halving Price Rally Fizzles Sub $100 But 97% Hash Rate Stays

Under one day since Litecoin’s halving, its hash rate appears to be as robust as ever, with hash rate at 97% of its pre-halving level. Under one day since Litecoin (LTC)’s halving, its hash rate appears to be as robust as ever. In a tweet posted on August 5 — just under 22 hours after the halving event —  Litecoin creator Charlie Lee noted that: “504 blocks have been mined since the halving. This is 1/4 of the way to the next diff change. 21.65 hrs has […]

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These 3 Macroeconomic Factors Are Driving Bitcoin Price Above $12,000

The United States, China and the fallout of their escalating trade war means Bitcoin is a perfect storm. Bitcoin (BTC) price has staged a remarkable rally in recent days, but the reasons behind it could mean higher prices stick around much longer.  With BTC/USD now at $12,200, here are the main reasons the cryptocurrency industry considers lie behind Bitcoin’s latest surge higher. 1. Global stocks are tumbling As Cointelegraph continues to report, the ongoing impact of the United States-China trade war is increasingly considered a boon for […]

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Currency War Erupts as US and China Bring Out the Big Guns

What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losing the value of their fiat savings. Also Read: US, EU and Japan Could Trigger ‘Cold Currency War’ by Debasing Fiat US vs China Trade War Heats Up The U.S. – China trade war has rapidly escalated […]

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Scam IRS Letters Trying to Trick Cryptocurrency Users to Pay Up

Scam letters purporting to be from the United States Internal Revenue Service are trying con cryptocurrency taxpayers and others out of their funds. Scam letters purporting to be from the United States Internal Revenue Service (IRS) are trying con cryptocurrency taxpayers and others out of their funds. According to a Forbes report published on August 5, bogus letters are attempting to capitalize on the public’s lack of familiarity with legitimate IRS correspondence and soliciting payments by using threats of enforcement action against them, among other tactics. F […]

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‘It’s Fantastic Tech’ — Hedge Funds Will Go Bitcoin, Says Consultancy CEO

Agecroft Partners’ Don Steinbrugge thinks the cryptocurrency will linger in portfolios. Bitcoin (BTC) lets investors hedge against inflation and will endure as part of portfolios, the CEO of consultancy firm Agecroft Partners has told mainstream media.  “It’s fantastic technology” Speaking to CNBC in an interview Aug. 6, Don Steinbrugge praised the cryptocurrency’s technology while discussing nontraditional investments. “It’s been an amazing run, it’s fantastic technology; some people are using it as a way to hedge against inflation,” he told the network. Steinbrugge was speaking within the context […]

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North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

State-sponsored attacks on exchanges and banks generated considerable revenue under sanctions, new report claims. North Korea has netted around $2 billion by hacking banks and cryptocurrency exchanges, according to the United Nations (U.N.). UN: Hacked crypto funds weapons of mass destruction In a confidential report acquired by mainstream media outlets including Reuters on Aug. 5, the U.N. Security Council North Korea sanctions committee said that hackers formed an essential part of government funding.  “Democratic People’s Republic of Korea cyber actors, many operating under the direction of the […]

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Bitcoin Price Reclaims $12k as Dominance Highest Since April 2017

Bitcoin currently controls 68.4% of the total crypto market cap, as bulls regain control. Bitcoin (BTC) price has retaken $12,000 in a final push following several days of intense upwards price action. Bitcoin 7-day price chart. Source: Coin360 Bitcoin bulls reverse multi-week downturn Data from Coin360 showed BTC/USD hitting $12,142 on Aug. 6, bringing its weekly gains to over 25%.  The pair is now trading at its highest since July 11, and comes amid continuing tensions in the trade war which began between China and the United […]

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Bitcoin Hovering Under $12,000 in Recent Surge, Major Altcoins See Green

Bitcoin is hovering under $12,000 while major altcoins are seeing minor gains on the day. Tuesday, July 30 — The number one cryptocurrency, Bitcoin (BTC), appears to have stabilized shy of $12,000 after quickly retaking $11,000 in a rally this weekend. Ether (ETH) and XRP are seeing slight gains at press time. Market visualization. Source: Coin360 Bitcoin is trading around $11,700 at press time, with a 3.3% gain on the day. Bitcoin shot up quickly to over $11,500 within about four hours on Sunday, Aug. 4, subsequently […]

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Trading Platform EToro Adds Support for Tezos Amid Price Surge

British exchange and trading social network eToro has listed Tezos, while the coin has seen a price surge of almost 50% on the week. EToro, a United Kingdom-based exchange and social network for investors and traders, has rolled out trading support for Tezos (XTZ) on Aug. 5. As eToro tweeted today, Tezos, the 16th-top cryptocurrency by market capitalization, is now available for trading on the platform. According to a press release, Tezos has become the 15th crypto asset to join eToro, following Bitcoin (BTC), Ether (ETH), XRP, […]

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