Cryptocurrency Analysis and News Portal
After dropping 13% yesterday, bitcoin is once again on the ascent. Meanwhile, Janet Yellen has offered a more nuanced view of crypto and small Ethereum mining pools are organizing a campaign against a potential network upgrade.Top shelfMiners revolt!Eight Ethereum mining pools amounting to around 30% of the network’s hash power
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One of the tropes that observers commonly invoke to explain the forces behind the crypto markets’ surge at the end of 2020 and in early 2021 is that the process has been mainly driven by the inrush of institutional investment. While there are many good reasons to believe that the race
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Cryptocurrency seized by U.K. police during investigations will now be securely stored by digital asset manager Komainu.Under a new framework service agreement with the Derbyshire Constabulary on behalf of the National Police Chiefs Council (NPCC) Cybercrime Programme, Komainu will be responsible for providing a more “robust” means to store cryptocurrencies
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Janet Yellen thinks it is important that the U.S. considers the benefits of cryptocurrencies, alongside the potential for misuse.The Treasury Secretary nominee said that while cryptocurrencies can be used to finance terrorism and other illicit activities, they also have the potential to “improve the efficiency of the financial system” in
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Deposits from digital currency customers now make up nearly 16% of total deposits at New York’s Signature Bank. In an earnings call Thursday, Signature revealed that deposits from customers in the crypto industry now total $10 billion – twice that of California rival Silvergate Bank.“We’ve clearly become the preeminent player in that
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The U.S. government’s top investments watchdog flagged a series of unregistered cryptocurrency companies for apparently duping mostly international investors with false corporate information.Of the 28 suspect investment firms the U.S. Securities and Exchange Commission (SEC) called out Thursday, CryptoX found eight that appear to target would-be cryptocurrency investors. Some purport
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Bitcoin has plummeted by more than $11,000 from its recent FOMO-driven peak. Normally, the bearish momentum in the top cryptocurrency is enough to drag down the rest of the market, but select altcoins are holding up surprisingly well. One altcoin expert who has traded his way through multiple bear and bull
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Bitcoin has “a lot of similarities” with gold, and consumer fears of the cryptocurrency being stolen are fading, according to a new report from a unit of the bond-rating and investment-index firm Standard & Poor’s.“Concerns of bitcoin theft were rampant a few years ago,” Jim Wiederhold, associate director for commodities
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Bitcoin fell to lows last seen on Jan. 11. Some analysts point to Treasury Security nominee Janet Yellen’s ominous “concern” over crypto as the reason for the sell-off.The recent pullback has some formerly bullish analysts, such as Guggenheim, speculating on whether the cryptocurrency could retrace its 2021 gains in the
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Some of the largest and most risk-averse asset managers, including the likes of pension funds and endowments, are finally waking to crypto as an asset class, according to research released Thursday by trading platform eToro.The eToro-commissioned market research, which quizzed 25 big institutions about investing in crypto, comes on the
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