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Did the Purported Fraud PlusToken Manipulate the Bitcoin Price?

Posted on December 1, 2019December 1, 2019 by Julie Williams

This year has been a great year for the crypto world. Okay, not as great as the 2017 craze, but it is a long way up compared to what we saw last year. As good as that sounds, several indicators show that the price curve was, in fact, influenced by some in-house players. Could PlusToken, which is accused of a $3.2 billion fraud, be the reason for the bull and bear price actions in the…

South Korean Crypto Exchange UPbit Admits 342K ETH (~$50M) Theft

Posted on November 28, 2019December 11, 2019 by Rehan Yousaf

UPbit, South Korean cryptocurrency exchange, has recently posted a statement on its official website, confirming a cyberattack that resulted in the robbery of approximately $50 million in virtual assets. The statement was posted on 27th November, when UPbit informed users about the suspension of its services related to deposit and withdrawal of cryptocurrency. The crypto exchange also revealed in the post that over 342,000 of Ethereum (ETH)trade was seized and stolen from Upbeat’s Ethereum hot…

Formula 1’s Blockchain Game Offers 30 ETH in Pole Position Contest

Posted on November 26, 2019November 26, 2019 by Rehan Yousaf

Formula 1 fans and crypto enthusiasts, here is a chance for you to win some Ethereum (ETH)trade and other digital tokens by taking part in Pole Position Auction for F1 Delta Time. F1 Delta Time is an official blockchain game by Animoca Brands that uses the second largest cryptocurrency Ethereum. A Pole Position auction will be held on 28th November 2019 for 10 official Formula 1 team cars. This contest makes the game more interactive…

The Dai Stablecoin: The First Cryptocurrency Backed by Another Cryptocurrency (Ethereum)

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

Stablecoins, like Tether (USDT) or Facebook’s Libra, are a new sort of cryptocurrencies that differ from the rest by avoiding fluctuating prices which make even the popular cryptocurrencies, such as Bitcoin(BTC)trade, difficult for trade. Their value is based on stable underlying resources. Some are backed by dollars, and some by gold. But a new stablecoin, Dai, in the market is making headlines for not being tied to any traditional financial asset, but instead it is…

Ethereum Price Technical Analysis (Nov. 18): Further Correction Is Probable

Posted on November 18, 2019November 18, 2019 by Vinayak Thapar

When looking at the chart below we can see that Ethereum (ETH)trade is currently trading at $184. It can also be observed that the second-largest cryptocurrency’s price is trading within the channel with the upper limit at around $185 acting as resistance and the lower limit of the channel at around $181 is acting as support. This is also confirmed by a formation of an evening star pattern, which is a bearish reversal pattern. Dow…

Canadian Once Anti-Crypto Bank RBC Now Poised to Jump on the Crypto Wagon

Posted on November 13, 2019November 13, 2019 by Julie Williams

Canada’s largest bank, the Royal Bank of Canada (RBC), is reportedly looking to venture into the highly volatile and controversial (at least in the banking community) crypto market, according to a report by the Logic. Besides being the biggest bank in Canada, accruing more than $965 billion in total assets, the RBC was notorious at a time for its anti-crypto stance. Thanks to the controversial nature of the crypto ecosystem, it is not unusual to…

Ethereum’s Founder Joe Lubin Discusses ConsenSys, Ethereum 2.0 and China

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

In a rather lengthy but surprisingly interesting interview with Forbes, one of Ethereum’s founders, Joe Lubin, gave an in-depth insight into what Ethereum 2.0 is all about including the different stages associated with the project and how Ethereum 2.0 would change the world for good. One of the most fascinating points in the interview was that Lubin stressed his willingness to work with the Chinese government and probably teach them a thing or two about…

Ethereum Price Technical Analysis (Nov. 6): Indications of a Further Correction

Posted on November 6, 2019November 6, 2019 by Vinayak Thapar

Analysis When looking at the chart below we can see that Ethereum (ETH)trade is trading at $190.70. It can also be seen that the second-largest cryptocurrency’s price is back in the channel after a false break out. The upper limit of the channel at $192 is also acting as resistance and $187 is acting as support. The lower limit of the channel is $181. There is also a formation of an evening star pattern, which…

Microsoft’s ‘Azure Blockchain Tokens’: Digital Currency Development Platform

Posted on November 5, 2019November 5, 2019 by Rehan Yousaf

At an annual conference in Orlando, Microsoft announced that it would be launching a platform that would effectively enable enterprises to create their own digital tokens for use. The platform is called Azure Blockchain Tokens and is available for preview. Microsoft has been one of the few giant companies to adopt digital currency at a very early age since the concept was introduced to the world. It had since then begin accepting digital payments in…

Tether Surpasses Bitcoin and Ethereum in 24h Volume with Large USDT Transactions

Posted on October 31, 2019October 31, 2019 by Ravi Rd

Current crypto market sentiments and Tether transaction volumes at various crypto payment processors suggest that Tether (USDT) is becoming one of the most traded digital assets in the crypto market, leaving Ethereum (ETH)trade behind in the third place and even Bitcoin(BTC)trade in the second place (!) in 24 hour volume. Blockchain records show that crypto exchanges such as Binance and Bitfinex have accumulated a large volume of USDT from unknown wallets. The big Tether whales,…

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