Cryptocurrency News Ethereum

Another Sketchy Ethereum Transaction: User Pays $500k Fee to Send 3,200 ETH

Yesterday, the Ethereum blockchain saw two suspicious transactions: a single, unmarked address unknown by the crypto public sent two transactions both with a transaction fee of 10,668 ETH during a 16-hour time span. The first transaction, which cost $2.5 million, sent $130 of value. And the second, which also cost $2.5 million, sent $87,000 worth Read more…

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Bitcoin Cryptocurrency News

Bitcoin Exchange Outflows Hit 8-Month High, HODL’ing Soars

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 Read more…

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Cryptocurrency News Market

Sweden’s Central Bank To Begin Testing National Cryptocurrency

The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona. Testing The E-Krona Recently reported by local news, the Riksbank is ready to launch a group to examine Read more…

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Bitcoin Cryptocurrency News

The Taxman Is After Your Bitcoin: Harvest Your Losses Before It’s Too Late

The year is coming to an end, and a lot of people have started thinking about minimizing their tax burden. If you’re a bitcoin investor, things get even more complex. The IRS recently sent out 10,000 letters to cryptocurrency investors, and this is an indication of how serious they are when it comes to cryptocurrency Read more…

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Cryptocurrency News Market

Kleiner Perkins’ Investor Shares Her Blockchain Predictions for 2020

Monica Desai Weiss, an investor at the venture capital company, Kleiner Perkins, recently had an interview in which she shared her predictions regarding fintech and blockchain in 2020. The year 2020 is almost here, and with it, an entirely new decade is about to kick off. Many expect it to be the age of technological Read more…

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Bitcoin Cryptocurrency News Ethereum

Bitcoin Price Dropped Below $7,000 Likely on PlusToken Dumpers

Bitcoin price broke down below the psychological level of $7,000 late on Monday. The cryptocurrency updated the December low after blockchain researcher Chainalysis said that PlusToken scammers were selling coins to cash out. Bitcoin Dragging Down Crypto Market At the time of writing, the cryptocurrency fell 3.11% in the last 24 hours, touching the daily Read more…

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Altcoin Cryptocurrency News

VeChain Loses 1M Coins from Compromised Buyback Wallet 

The VeChain (VET) buyback program, which boosted the token price, was shaken by a recently discovered loss from the central wallet. The most probable cause was an insider gaining access to the wallet’s private keys, or a human error leading to an exploit. Insider Procedure Flaws Led to Theft VeChain reported 1 million coins lost Read more…

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Bitcoin Cryptocurrency News

Huobi, OKEx Avoid Being ‘Iced Out’ by Chinese Government

China favors some crypto exchanges before others, with Huobi rising as one of the favorites. Recent analysis of the Chinese crackdown against the crypto sector showed that not all companies were necessarily created equal. Minor, Shady Markets Face the Worst Crackdown Both Huobi and OKEx will see more favorable acceptance, commented Matthew Graham, CEO of Read more…