Bitcoin (BTC) Price Rallies Above $30K, Will It Confirm This Key Level?
Bitcoin (BTC) seems to be arousing some confidence among its traders after the cryptocurrency recently rallied above $30,000. But Analysts are cautious about the recovery’s nature, with many warning that it could be a “dead cat bounce.” Bitcoin is currently trading at $31,500, up roughly 7% in the last three days. While it has recovered […]
Harvard Lecturer makes efforts to stop crypto lobbying in the US
Harvard lecturer Bruce Schneier an anti-crypto technology specialist makes move to stop crypto lobbying in the US, he said: “blockchain is not secure and really not decentralized”. Blockchain enthusiasts’ statements, according to Bruce Schneier, a Harvard lecturer, are “not true.” He went on to say that the technology isn’t safe and isn’t truly decentralized. Systems […]
Bahamian bank Capital Union shares Tether’s crypto strategy
Capital Union, a Bahamas-based bank that is said to own a percentage of the Tether (USDT) stablecoin issuer’s reserves, and a large variety of digital assets as part of its trading and custody services. A spokesman for Capital Union told Cointelegraph on May 31 that the bank has begun offering crypto trading and custody services […]
Veteran Short-Seller Warns Coinbase, MicroStrategy On This
Jim Chanos, a veteran short-seller, warned that Coinbase and MicroStrategy will likely see further declines this year. Chanos said in an interview with the Crypto Critic’s Corner podcast that Coinbase’s earnings on trading commission are too high when compared to traditional brokerages. He believes that Coinbase’s 1.5% trading commission margins will likely drop to 0.5% […]
All New LUNA Cryptocurrency Becomes Gambler’s Haven Due To Wild Price Swings
The new LUNA cryptocurrency has had a choppy ride since its launch due to its wild price swings, making it a speculator’s haven. Different crypto exchanges have been showing varying prices since the LUNA airdrop on Saturday. According to Kraken data, the new LUNA token began trading at $17 and then fluctuated between $30 to […]