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Coinbase Secures Patent for Bitcoin Transactions via Email Addresses

Posted on December 22, 2019December 22, 2019 by Julie Williams

The CEO of one of the most popular cryptocurrency exchanges Coinbase, Brian Armstrong, has recently been granted a patent which will allow consumers to trade Bitcoin through email, according to the United States Patent and Trademark Office (USPTO). The cryptocurrency patent, which was granted in the U.S., portrays a digital system for crypto consumers to make payments in cryptocurrencies through a more common medium like email addresses. The patent essentially describes how these far more…

New Orleans Latest Victim of Another Probable Bitcoin Ransomware Attack

Posted on December 19, 2019December 19, 2019 by Rehan Yousaf

New Orleans has become the latest city to call for an emergency state and has shut down its computers amidst a wave of Bitcoin(BTC)trade ransomware attacks by hackers targeting cities and state governments. The cyber security event was called after suspicions of an illicit activity were observed at around 5 am on Friday morning. 3 hours later, the activity increased, and evidence of attempts of phishing and cryptocurrency ransomware surfaced. New Orleans’ head of Information…

State Street Partners with Gemini to Launch Crypto Reporting Platform

Posted on December 18, 2019December 18, 2019 by Rehan Yousaf

The U.S.-based asset management and administration firm State Street announced the launch of a digital asset pilot project in collaboration with Gemini Exchange, a digital currency exchange and custodian led by the Winklevoss twins. The new joint crypto project is the culmination of intense research efforts from State Street and Gemini Exchange to create a product to aid investors by providing them a single platform on which they can receive detailed reports of their multiple…

Research: PlusToken Crypto Scam Could Be the Reason for Bitcoin’s Plunge

Posted on December 18, 2019December 18, 2019 by Julie Williams

While price fluctuations is very common in the crypto sphere, some analysts have reasons to believe that the recent plunge in the Bitcoin price isn’t just like any other decline. The researchers of Chainalysis believe it could very well be the aftereffect of the PlusToken scam. You will recall that a crypto Ponzi scheme disguised as a crypto venture with the name PlusToken was uncovered lately as AllStocks Crypto News reported. Since the ‘big reveal,’…

Bitcoin Price Technical Analysis (Dec. 16): Stuck within the Range

Posted on December 16, 2019December 16, 2019 by Vinayak Thapar

When we look at the chart below, we can observe that Bitcoin(BTC)trade is trading at $7,120. It can also be seen that that price is stuck within the channel. The upper limit is at $7,218, confirmed by the formation of an evening star pattern, and is also acting as resistance; and $7,053 is acting as support. The world’s largest cryptocurrency’s price is expected to trade inside the channel for some time. Dow Theory The Bitcoin…

US Marshals Service: Spoofers Launch a Nationwide Scam via Crypto ATMs

Posted on December 16, 2019December 16, 2019 by Julie Williams

Adding to the hundreds of Bitcoin scam schemes employed since its inception, a group of ‘spoofers’ is out there defrauding Americans via Bitcoin(BTC)trade in the disguise that they are government officials. Raising alarm on an epidemic that seems to be spreading fast across the nation, the United States Marshals Service together with the Federal Bureau of Investigation took to Twitter to warn US citizens about the latest Bitcoin scam. In a tweet, the U.S. Marshals…

China Still Rules the Crypto Mining Landscape with 66% of Global Hashrate

Posted on December 15, 2019December 15, 2019 by Julie Williams

The role that China plays in the crypto ecosystem is one that would take a whole lot to replace. New data reveals that despite casting out all forms of crypto activities, China is still the primary home to crypto mining. Statistics from a new CoinShares report show that China is the country that holds the largest share of hashrate across the globe. Hashrate is necessary for producing new digital coins. With China holding over 60%…

Over 40% Decline in Canaan’s Stock Price due to Stagnant Bitcoin Price

Posted on December 15, 2019December 15, 2019 by Rehan Yousaf

In a flip flop scenario, the China-based crypto mining hardware manufacturer Canaan Creative has suffered a sharp decline in its stock price amid a consistent wave of pressure on the price of Bitcoin. On November 21, the first day the company began being traded on the NASDAQ, Canaan’s stock was priced at almost $9; however, the stock’s closing price on December was at around $5.24. Hence, in only a few weeks span, the price of…

Billionaire Mark Cuban: Bitcoin Is “Too Difficult to Use, Too Easy to Hack”

Posted on December 12, 2019December 12, 2019 by Julie Williams

During a conversation with Forbes, the billionaire owner of the NBA team Dallas Mavericks Mark Cuban expressed his concerns about this new class of digital assets and why he believes Bitcoin(BTC)trade and crypto at large wouldn’t make it as the generally accepted form of payment in the coming years. “Not because it can’t work technically, although there are challenges, it could,” Cuban explains, “but rather because it’s too difficult to use, too easy to hack,…

$722M Crypto Mining Scam ‘the BitClub Network’ Busted; 4 Men Arrested

Posted on December 12, 2019December 12, 2019 by Rehan Yousaf

U.S. Attorney Craig Carpenito announced the arrests of four men who were accused of defrauding investors during an investigation of a crypto Ponzi scheme called the BitClub Network. The fraudulent scheme was based on a whopping $722 million cryptocurrency mining scam. Yes, you’ve been reading it right, seven hundred and twenty two million dollar. The announcement was also available on the online portal of the Department of Justice where it was revealed that the BitClub…

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