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Cryptocurrency News DeFi

The entire DeFi market is worth less than XRP or Bitcoin Cash, despite the frenzy

The DeFi market has exploded in recent times, bringing back ICO-like returns on some projects. But a recent report said that despite the frenzy, the sector remains a fraction of the crypto space and is worth less than XRP or Bitcoin Cash. Even Dogecoin worth more Ryan Watkins, an analyst at Messari, tweeted yesterday that Read more…

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Blockchain Cryptocurrency News

Cryptocurrency Wallet Ledger Reports Data Breach Of 1 Million Emails

Leading cryptocurrency hardware wallet provider, Ledger, announced Wednesday that it suffered a data breach, which affected the personal information of thousands of users in late June. According to a detailed report published by Ledger today, the breach occurred on June 25. The attacker accessed a part of the company’s e-commerce and marketing database, containing mostly Read more…

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Bitcoin Cryptocurrency News

Bitcoin Explodes Past $11,000, Liquidating Dozens of Millions Off BitMEX

Bitcoin has continued to roar higher after our last market update. As of the time of this article’s writing, the cryptocurrency trades at $11,400. This is the highest price the asset has traded in approximately a year. This latest move higher is convincing bulls that bulls are in control after months of consolidation. Minutes ago, Read more…

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Bitcoin Cryptocurrency News

Bitcoin’s Latest Surge Higher Is Extremely Positive: Factors to Consider

For the past month, Bitcoin has effectively flatlined in an extremely tight consolidation pattern. Prices have been locked in a ~7% range between $8,900 and $9,400. Earlier this week, the cryptocurrency began to resolve the consolidation by inching higher. This culminated in a strong surge higher that peaked on Thursday, when BTC hit $9,650 on Read more…

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Bitcoin Cryptocurrency News

Why a Trader Is “Cautious” in Longing Altcoins as Bitcoin Pushes $9,600

Altcoins have seen explosive growth over the past few weeks, but Bitcoin has recently regained the spotlight. With BTC and Ethereum (ETH) seemingly poised to begin to trend, investors are hesitant to go long on altcoins. Certain altcoins are already seeing harrowing pullbacks, dropping dozens of percent from their local highs established earlier July. As Read more…

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Cryptocurrency News

Treasury Bureau Declares National Banks Can Custody Crypto

The Office of the Comptroller of the Currency (OCC), a bureau within the U.S. Department of the Treasury tasked with regulating the country’s banks and thrift institutions, has published a public letter clarifying that national banks and savings associations can provide cryptocurrency custody services to clients. “In the letter published today, the OCC concludes that Read more…

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Bitcoin Cryptocurrency News

Peter Schiff Attacks Bitcoin as Silver Rallies to Six-Year High

Peter Schiff attacked Bitcoin over its inability to beat Silver at its intraday gains. The prominent gold bug said the metal is the new Bitcoin. Cryptocurrency enthusiasts shot back, accusing Mr. Schiff of cherry-picking data to propagate his anti-Bitcoin agenda. Peter Schiff believes silver’s rally will be short-lived. In condemning it, he called the metal Read more…