Category: Crypto Currency

The total value of all cryptocurrencies in circulation — a major bellwether for the health of the overall market — reached $2 trillion on Wednesday for the first time in almost three months, offering compelling evidence that buyers are back in control.  Measured by market capitalization, digital asset values peaked at $2.007 trillion on Wednesday,… Continue reading Crypto market cap returns to $2T for the first time since May

Bitcoin (BTC) challenged $46,800 on Aug. 11 as a weakening U.S. dollar added to bullish momentum. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Aiming for $50,000”? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $46,787 on Bitstamp Wednesday, a hair short of the previous day’s peak. Fresh from voting day on the… Continue reading US dollar downturn aids Bitcoin bulls before $50K BTC price showdown

In a strange twist of fate, two companies named Polygon are the source of a storm of confusion on Twitter as a video game community gets a unique introduction to Polygon’s blockchain technology. Crypto Scammers Hit Game-Related Feed Polygon, the rebranded layer 2 blockchain solution (previously Matic Network), has been mixed up with another identically… Continue reading Will the Real Polygon Please Stand Up — Spammers Wrongly Post Coin Drops on Video Game-Related Feed – News Bitcoin News

United States lawmakers will soon destroy a massive opportunity for job creation and a diverse workforce in blockchain technology if they do not amend infrastructure bill HR 3684, which would require blockchain developers to attain broker status on U.S. soil. HR 3684 does not recognize the taxonomy of the asset class. Not every crypto asset… Continue reading Broker licensing for US blockchain developers threatens jobs and diversity

These transfers have occurred across the three wallets associated with the Poly Network hacker across the Ethereum (ETH), Binance Smart Chain, and Polygon networks. Poly Network confirmed receipt of the returned funds via a tweet issued on Tuesday. Details from Etherscan show $2 million worth of Shiba Inu (SHIB) and $616,000 in Fei USD (FEI)… Continue reading Poly Network hacker returns less than 1% of the $600M theft

The cryptocurrency market charged full steam ahead on Aug. 11 as the price of Bitcoin (BTC) climbed to $46,743 and bulls are now taking aim at the $48,000 resistance level as the next target.  Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), WINk (WIN)… Continue reading Altcoins soar while Bitcoin bulls gather strength to attack $48,000

Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading. In a speech delivered at StartmeupHK virtual fintech summit on Thursday, Hui said that the proposal was in line with the government’s plan to properly… Continue reading Restricting crypto trading to millionaires good for Hong Kong, says official

During the course of the week, the cryptocurrency community has been focused on China and the country’s Financial Stability Board detailing that it aims to crack down on the bitcoin mining sector. Following the statements from Chinese officials and a few crypto businesses abandoning services in the region, executives from some of China’s largest bitcoin… Continue reading Executives from China's Largest Bitcoin Mining Firms Speak About Regulatory Crackdown – Regulation Bitcoin News

Blockchain’s potential to sustain a distributed, tamper-proof infrastructure for collective digital memory has taken on an unexpected political salience for citizens in Hong Kong.  Soon after Hong Kong’s public broadcaster Radio Television Hong Kong, or RTHK, revealed its intent to erase any archived content over one year old, residents hurried to save a trove of… Continue reading Hong Kongers use blockchain to save evidence of anti-authoritarian struggles

The United States Securities and Exchange Commission is looking to cooperate with Congress and other regulators to increase its oversight of cryptocurrency exchanges. Gary Gensler, the newly appointed chairman of the SEC, said that the commission is looking forward to working with fellow regulators and Congress to fill gaps in investor protection in crypto markets. … Continue reading US SEC wants to work with Congress to regulate crypto exchanges