Bitcoin

Hit Record Producer Murda Beatz Tells Fans He Purchased Bitcoin

October 9th, 2020

Another hip hop artist has joined the cryptocurrency community, as the Canadian record producer, DJ, and songwriter ‘Murda Beatz’ (Shane Lee Lindstrom) said he bought some bitcoin on Tuesday. The music producer joins a slew of other recording artists that have joined the crypto ecosystem like 50 Cent, Talib Kweli, Snoop Dogg, and Nas. On…

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

October 9th, 2020

On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps). The…

Bitcoin Price Prediction: BTC Could Suffer Another Rejection At $10,000

October 9th, 2020

The flagship cryptocurrency broke out of a symmetrical triangle discussed multiple times this week. The 4-hour timeframe chart has seen Bitcoin print an engulfing candlestick, which culminated on a short-lived rally towards $11,000. The momentum appears to have built on the support at $10,600. Buyers cemented their position in the market by stepping above the…

97 percent of People Consulted by UK Financial Regulator Opposed Crypto Derivatives Ban

October 8th, 2020

The Financial Conduct Authority (FCA) ban on crypto derivatives sales to retail investors has set tongues wagging. It is no mystery. After a consultation process that closed Oct. 3, 2019, with 97% of participants opposed to the prohibition, the U.K. financial regulator still proceeded to issue the ban, completely disregarding the overwhelming public input. In…

Bitcoin Consolidation Continues But a Breakout is Imminent

October 8th, 2020

Bitcoin has remained well within its range bound channel for another day despite heavy losses for many of the DeFi related tokens. Analysts and investors have had few insights as to the next direction Bitcoin will take but the longer the consolidation continues, the larger that move is likely to be. Bitcoin’s current trading range,…

Spanish Prosecution Office Investigating Alleged Bitcoin Pyramid Scheme: $1 Billion in Investor Funds Reportedly Missing

October 7th, 2020

The Spanish Prosecution office says it is investigating Arbistar for allegedly running a bitcoin trading scam with preliminary findings suggesting $1 billion in investors’ funds cannot be accounted for. The disappearance of investor funds has affected 32,000 families that are failing to access their savings that are invested with Arbistar, a bitcoin trading platform. Problems…

UK Bans Sale of Crypto Derivatives to Retail Investors, Says Move to Save $69 Million in Losses

October 7th, 2020

The U.K.’s Financial Conduct Authority (FCA) has banned the sale of cryptocurrency derivatives products to retail investors in a move that it says will save the targeted customers £53 million ($68.9 million) in losses each year. The ban comes into effect on January 6, 2021. In a statement on October 6, the regulator declared that…

Visual Interpretation of Bitcoin’s Supply Shows the Digital Asset’s Unique Scarcity

October 6th, 2020

The Bitcoin network has recently crossed over the 18.5 million marks, as far as the number of bitcoins currently minted into circulation. However, even though over 18 million coins have been minted to-date there’s a number of different elements that affect the distribution of all the coins in existence. Elements that affect bitcoin distribution include…

$9 Trillion in Stimulus Injections: The Fed’s 2020 Pump Eclipses Two Centuries of USD Creation

October 5th, 2020

Since September 2019, research shows the Federal Reserve has pumped over $9 trillion to primary dealers by leveraging enormous emergency repo operations. A recently published investigative report shows the U.S. central bank submits the daily loan tally, but the Fed will not provide the public with information concerning the recipients. Estimates say, in 2020 alone,…

While Darknet Users Search for New Markets, Global Law Enforcement Reveals Mass Arrests

October 5th, 2020

During the last month since the fall of Empire Market, darknet market (DNM) patrons have been migrating to alternative markets. Meanwhile, global law enforcement recently arrested 179 individuals tied to DNMs and seized over $6.5 million in cryptocurrency and cash proceeds. It hasn’t been a good month for DNM users after the fall of Empire…