• Can Bitcoin Rally Next Week? Skeptical Analyst Throws Light
    by Trevor Smith on March 28, 2020 at 6:30 pm

    A number of signals continue to tie Bitcoin to the present global economic crisis. Although the flagship cryptocurrency has shown stability over the past few days, some analysts now see more price drops ahead.  Global Stock Market Will Impact Bitcoin Josh Rager has posted a chart showing that the S&P 500 (SPX) has dropped below its 200 weeks moving average for the first time since the 2008 financial crisis. This move is significant, as the […]

  • Fake COVID-19 Treatments Ask for Bitcoin Payments on Social Media
    by Trevor Smith on March 28, 2020 at 5:30 pm

    A twitter post on January 29 promoted a website selling a so-called cure for coronavirus, accepting Bitcoin as payment. Scams such as this have proliferated as the global crisis escalates.  Scammers Selling False Hope & Asking for Bitcoin The Russian-based website selling the fake cure has been deactivated. Screenshots show it offering the so-called vaccine in doses for up to three people. It claimed to be tied to the Australian National University in Canberra. Although […]

  • Bitcoin Development Activity is Being Funded by These Players
    by Trevor Smith on March 28, 2020 at 2:47 pm

    A just-released report from Bitmex shows that Bitcoin platform development continues to grow and diversify. A look at key players reflects greater interest in scalability and bringing the flagship cryptocurrency into a position for effective mass use. Multiple Bitcoin Projects Supported The report shows that Blockstream and Lightning Labs have become by-far the top institutions working on Bitcoin development. Seeking to create long-term solutions to the scalability challenge, both are pouring significant resources into side […]

  • FBI Closes Russian Hacker Marketplace Fuelled By Crypto
    by Anatol Antonovici on March 27, 2020 at 4:00 pm

    The Federal Bureau of Investigation (FBI) has shut down a Russia-based website that hosted online shops engaged in the sale of illegal goods and services and accepted crypto payments. FBI Seizes DEER.IO, Arrests Admin Last Tuesday, the US Department of Justice said that the FBI has managed to take down DEER.IO, an online platform that hosted hundreds of shops selling cybercrime products and services like hacked accounts and data. Previously, the media found out that […]

  • Bitcoin Exchange Outflows Hit 8-Month High, HODL’ing Soars
    by Trevor Smith on March 27, 2020 at 3:00 pm

    Bitcoin adopters seem eager to hold their own coins as withdrawals now outpace deposits on exchanges. This cryptocurrency outflow reflects the growing unease about the state of the global economy, as well as the stability of the crypto space. BITCOIN EXCHANGE BALANCES HAVE BEEN DECLINING FOR WEEKS Analytics firm Glassnode has noted that exchange liquidity has been declining since February. In recent days this transfer of funds to private wallets has accelerated. Exchange customers have […]