Coinbase Allegedly Taps Goldman Sachs to Lead IPO, FTX Exchange May Launch Pre-IPO Futures

December 20th, 2020

Following the San Francisco-based cryptocurrency exchange’s initial public offering (IPO) Form S-1 draft registration, reports note that Goldman Sachs will likely lead the IPO. Moreover, the digital currency trading platform FTX is rumored to be launching a Coinbase futures market before the public listing. Two days ago, on December 17, 2020, Coinbase announced filing registration…

Shark Tank’s Mark Cuban Says Bitcoin Is a Store of Value but ‘More Religion Than Solution to Any Problem’

December 20th, 2020

Shark Tank star and the Dallas Mavericks’ owner, billionaire Mark Cuban has shared his updated view on bitcoin after the price of the cryptocurrency hit all-time highs. He compared bitcoin to gold but believes that bitcoin is not a solution to any problem as countries will take steps to protect their currencies. Mark Cuban Says…

Two Rubygems Infected With Crypto-Stealing Feature Malware Spotted by Researchers

December 19th, 2020

New infected Rubygems packages have been spotted in its open-source software repository and which contained malicious code mainly used to steal cryptocurrencies from users via supply chain attack. Two Cryptocurrency-Stealers Rubygems Detected by Researchers at Sonatype According to Ax Sharma, a security researcher at Sonatype, the two gems detected — pretty_color and ruby-bitcoin — had…

FBI Warns Ransomware Gangs Are Harassing Victims via Telephone Calls to Pay Crypto Ransoms

December 19th, 2020

The U.S. Federal Bureau of Investigation (FBI) has released an alert that warns private industry in the country about incidents of harassment of victims made by ransomware gangs, such as the well-known Doppelpaymer group. FBI Is Aware of Cold-Calling Tactics by Ransomware Gangs According to a PIN (private industry notification) alert regularly sent to U.S….

Goldman Sachs Defies JPMorgan, Says Bitcoin’s Growth No Threat to Gold

December 18th, 2020

There’s been a lot of buzz with the Bitcoin vs Gold debate picking up in the last few months. However, two of the Wall Street banking giants have come at odds on a common opinion. A few days back, JPMorgan strategists said that moving has been moving out of Gold ETFs systematically since October 2020…

Major Exchanges Experience Technical Issues as Bitcoin Price Drives in Massive Traffic

December 18th, 2020

Bitcoin has finally broken the $20k resistance level. The record-breaking price caused massive traffic on a myriad of crypto exchange platforms like Binance and Coinbase. Bitcoin All-Time Price High Causes Issues on Binance For weeks now, many crypto enthusiasts have been hoping that the price of bitcoin would scale the $20k resistance barrier. That record…

Bitcoin Above $22K, Guggenheim’s Scott Minerd Predicts $400,000 Target

December 17th, 2020

There’s no stopping the Bitcoin (BTC) price rally at the moment as the world’s largest cryptocurrency has surged over 13.5% to move past $22,000 levels hitting a new all-time high. The Bitcoin Charts on CoinMarketCap shows that it has moved all the way to $22,066 before recovering marginally. At press time, BTC is trading at…

21M Bitcoin and the Promise of Scarcity

December 17th, 2020

In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty-one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would say…

Bitcoin Majestically Enters Price Discovery Above $20,000 As The Moon Beckons

December 17th, 2020

Bitcoin finally broke the psychological resistance at $20,000, catapulting itself to new all-time highs. The flagship cryptocurrency seems to have jumpstarted the crypto bull run because other cryptocurrencies have also hit a new all-time high like THETA. Ethereum rallied past $600, achieving a new yearly high. On the other hand, Ripple was able to avert…

Mad Money’s Jim Cramer Buys Bitcoin, Reveals Strategy to Increase Holdings

December 16th, 2020

Jim Cramer, the host of Mad Money and co-founder of The Street, has bought some bitcoin with the intention to keep increasing his holdings. He explained his purchase strategy and said there’s no reason not to wait for bitcoin’s price to come down again. Jim Cramer Bought Bitcoin Jim Cramer is the host of Mad…