Financial Industry News
Overnight, within merely hours, the valuation of the crypto market dropped by $28 billion as major assets in the likes of Ethereum and Litecoin fell in the range of 11 to 15 percent. Analysts have largely attributed the correction to a technical move given the 200 percent year-to-date gain of bitcoin since January. Market largely […]
Continue ReadingDue to human error and fat fingers, Tether accidentally printed $5 billion of its fiat-pegged cryptocurrency out of thin air. Oops. The mistake occurred when the Tether team was in the process of moving tokens from the Omni Layer to the Tron blockchain. What was meant to be a $50 million transfer became $5 billion […]
Continue ReadingSince the 13th of June bears have caused Binance Coin to pull-back down from the highs of 0.044 sats down to visible lows around 0.024 sats, resulting in a 45% correction. Short-term timeframes are starting to indicate that a potential reversal could play out over the coming days. BNB/BTC 4 Hour Analysis On the 4 […]
Continue ReadingBinance yesterday completed its eighth quarterly “burn” of BNB. With this move, the exchange follows its commitment to reduce the total token supply periodically. However, along with the obligatory token burn, Binance CEO Changpeng “CZ” Zhao announced that his company would relinquish its entire BNB allocation as part of its efforts to promote the growth […]
Continue ReadingLitecoin could help boost cryptocurrency to an even broader audience. On Friday, the foundation behind the world’s fourth-largest cryptocurrency announced a partnership with the Miami Dolphins. The deal makes Litecoin the official cryptocurrency of the American football team and enables cryptocurrency payments for select products. We are excited to announce Litecoin as the Official Cryptocurrency […]
Continue ReadingIt’s been over five months since the pre-registration for the first leg of ICONSENSUS began. The number of applicants continues to grow. Specifically, the nominees (there are currently 43 of them) have been registering to become Public Representatives, or “P-Reps”. While under the radar for a while, ICON is a South Korea-based blockchain project designed […]
Continue ReadingThe allure of Facebook’s Libra project has the Winklevoss twins willing to mend their fractured relationship with Mark Zuckerberg. Let’s be Friends Again Tyler and Cameron Winklevoss, both co-founders of the New York-based Gemini cryptocurrency exchange, appear to be offering an olive branch to Facebook CEO Mark Zuckerberg. As history tells, the Winkelvoss twins alleged that Zuckerberg […]
Continue ReadingThe price of Tron (TRX) fell as much as 9 percent on Monday after protesters furious at Justin Sun for allegedly remaining silent about a $30 million Ponzi scheme stormed the project’s Beijing offices. As of the time of writing, the Tron price stood at $0.034, down more than 5 percent from its daily high. […]
Continue ReadingVideo footage has emerged of police surrounding the office of TRON HQ in Beijing as the fallout from the recent $30 million “Wave Field” scam continues. Initial rumors suggested authorities were “raiding” TRON’s offices following allegations of TRON founder Justin Sun’s alleged culpability in the scam. However, that notion was quickly dismissed by Sun, and […]
Continue ReadingWhile bitcoin is struggling to take back $12,000 and resume its uptrend, other cryptocurrencies are flexing their muscles. One, in particular, is worthy of attention: Komodo. The privacy coin that enables fungible transactions has risen from lows of $0.61 in January 2019 to $1.55 as of press time. The crypto token has caught fire recently […]
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