Cryptocurrency Analysis and News Portal
Lebanon’s national currency continues to shed value amid the country’s deepening monetary crisis, with unofficial reports indicating that the Lebanese pound, or lira, has lost 50% of its purchasing power in less than two weeks.On July 2, local crypto advocate Saifedean Ammous, author of The Bitcoin Standard, took to Twitter
Read More
It’s no secret that the crypto industry is rife with scams, hacks, and other nefarious activities, with the decentralized and private nature of many digital assets being conducive to these types of undertakings.The latest group to fall victim to one of these scams is a school within the University of
Read More
The Dow Jones rose on Friday but traded well off its highs in late afternoon trading. Stocks tumbled after a strong open, but Boeing supported the Dow. JPMorgan Chase is still pushing investors to buy the dip, while ING fears that retail strength could soon fade as pent-up demand wanes. The Dow Jones
Read More
Ransomware gang REvil, known for launching stolen data auctions on the dark web, is now leaking sensitive documents stolen from a US-based robotics company.According to an official blog post from REvil on June 11, the team has started leaking confidential data belonging to Symbotic LLC. The post noted:“You do not
Read More
The gold price hit a two-week low of $1,705, as the global economy slowly becomes more optimistic. Gold is unlikely to hit new highs if equities and real yields continue gains but may resurge if the economic recovery falters. Gold will likely remain strong in the medium to longer-term,
Read More
The majority of top traders on Binance Futures are longing Bitcoin (BTC), Ether (ETH), and 8 other cryptocurrencies. In fact, more than 50% of traders are long on 10 crypto assets despite the current decline in the price of BTC.According to Binance, the current futures positions over the past 24-hours
Read More
With bitcoin’s price losing altitude again, small investors appear to be seeking exposure to the top cryptocurrency by market value. Prices fell by 9.8% last week to register bitcoin’s biggest weekly decline since the second week of March, according to CryptoX’s Bitcoin Price Index. A two-week low of $8,630 was registered early
Read More
Bitcoin formed a super bullish Golden Cross on May 20, 2020.Nevertheless, the cryptocurrency plunged by up to 9 percent in a contrary move.Earlier in February 2020, Bitcoin’s Golden Cross formation had followed a 61 percent price crash.On May 20, 2020, Bitcoin formed a Golden Cross, a widely-tracked, long-term bullish indicator
Read More
The number of computers running the Bitcoin program fell to its lowest level in almost three years, according to data calculated by one prominent Bitcoin developer. Bitcoin’s total node count fell below 47,000 on Monday, a level not seen since 2017, based on estimates determined by well-regarded Bitcoin developer Luke Dashjr.
Read More
Unfortunately, it isn’t getting any better for Bitcoin investors after last week’s grueling crash. Over the past 60-odd minutes, after holding at $5,300 for hours on end, BTC has slid under $5,000 yet again, breaching this key price point for the first time since Friday’s capitulation event.Bitcoin’s weakness comes as
Read More