Monthly Archives: June 2021

Bitcoin drops below $36K as century-old financial model predicts big BTC crash

A push to $40,000-$42,000 won’t protect Bitcoin from risks of undergoing a major price decline later, suggests a century-old price prediction model created by technical analyst titan Richard Wyckoff. Overconfident Bitcoin (BTC) bulls would need to battle more than just Elon Musk as a price prediction model — created by technical analyst pioneer Richard Wyckoff more than 100 years ago — also goes against their wild upside predictions. Dubbed as Wyckoff Method, the model involves a five-phase approach to determine price trends that majorly involve investors’ psychological […]

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Bitcoin 2021 Miami continues with Tony Hawk, Kevin O’Leary and more

Saturday’s programming will also feature Bobby Lee, the former CEO of China’s first cryptocurrency exchange. Bitcoin 2021 Miami continues following Friday’s massive opening of the historic event. The events kick off at 9:00 am Eastern Time (1:00 pm UTC) with opening remarks by a Miami-Dade County commissioner. Cointelegraph will continue posting Bitcoin 2021 updates on Twitter as well as the YouTube channel. One of the key speakers for day two will be Tony Hawk, an American skateboarding icon and entrepreneur. Hawk made a major move into the cryptocurrency industry […]

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Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded

A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3.8 trillion won. Crypto Exchange Sued for Defrauding Investors South Korean cryptocurrency exchange V Global has been accused of fraud worth $3.8 trillion won ($3.5 billion). A class action lawsuit has been filed by 130 victims. Daegeon, a law firm representing the victims, said: “The 130 victims decided to file a […]

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Norton Crypto Mining: Antivirus Software to Mine Cryptocurrency

Norton has added a cryptocurrency mining feature to its antivirus software. Users will be able to mine ethereum while their computers are idle. Miners can track and transfer their crypto earnings into their Norton Crypto Wallet. Antivirus Software Can Mine Crypto Nortonlifelock (NASDAQ: NLOK), a global cybersecurity company, announced Wednesday the launch of Norton Crypto, a cryptocurrency mining feature on the Norton 360 platform. The company explained: Norton Crypto delivers a secure, reliable way for consumers to mine for ethereum … Once cryptocurrency has been earned, customers […]

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Social applications are the next big trend in crypto

The path for the social applications landscape is clear: Its future will be decentralized, private and secure. Last week’s tumultuous 30% crypto market dip and subsequent quick recovery left many wondering what comes next. Crypto circles aside, the conversation around the importance of building solid, broadly usable applications is louder than ever. Crypto will cease to be perceived as a casino on the edges of the internet when participation outweighs speculation.  An interesting dynamic we are seeing is that the conversations around the future of Web 3.0 […]

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Popular Philippine Mobile Wallet Gcash Explores Letting Users Buy, Sell, Store Cryptocurrencies

A popular mobile wallet in the Philippines, Gcash, is considering offering its users the ability to buy, sell, and store cryptocurrencies on its platform, which reportedly has 40 million users. The company’s CEO says 40% of Filipinos now have a Gcash account. Gcash Considers Offering Crypto Trading and Storage Services Philippine mobile wallet Gcash is exploring adding cryptocurrency to its portfolio of financial products and services, The Philippine Star reported this week, adding that the platform has over 40 million users as of the end of April. […]

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A new decade rising: 2021 has brought crypto to unparalleled heights

There is no need to fear: The cryptocurrency market in 2021 is much different than the market of 2017. Challenges stimulate progress. Technology, pretty much like life itself, cannot be static. Only dynamics stimulate positive changes. Amid the collapse of the cryptocurrency market in mid-May, many retail and institutional investors began to lose faith in the bright future of cryptocurrencies in general and Bitcoin (BTC) in particular. Corporations and institutions, whales, and early adopters converged in a single impulse — the internet was overwhelmed by a wave […]

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Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’

Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty” and “infectious” paper cash with the digital ruble that’s currently under development. Russia’s Kalashnikov Concern Looks Forward to Adopting the Digital Ruble The leading Russian gunmaker, Kalashnikov Group, would like to switch to digital currency settlements, owner Alan Lushnikov said during the St. Petersburg International Economic Forum. The event […]

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AquaGoat: Saving the Oceans One EcoCoin at a Time

AquaGoat is an ecological social cryptocurrency with a purpose: saving the planet’s oceans. AquaGoat aims to help fund and donate to initiatives focused on cleaning and protecting the planet’s oceans and waterways, all while generating income (yield-generation) and value to its holders. Since the project began on April 7, 2021, AquaGoat has donated to three charities: The Ocean CleanUp, an organization that develops new technologies to help rid the world of the ocean’s plastic; The Sea Shepherd Conservation Society, a group that engages in direct action campaigns […]

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Amundi Executive Pascal Blanque Calls Cryptocurrencies a Farce

Pascal Blanque, CIO of Amundi, one of the biggest asset managers in Europe, has stated that bitcoin and other cryptocurrencies are a farce, exposing its skeptical stance on the real value of cryptocurrencies. The investor stated that crypto assets are an expression of markets making bubbles and that investors should focus on other more logical assets. CIO of Amundi States Cryptocurrencies Are a Farce Pascal Blanque has declared that bitcoin and similar cryptocurrencies are a farce during a recent news conference, according to a report from Reuters. […]

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