It’s dark days we are living in, and for some, they are worse than for others. Investors are cautious before investing their money in startups. Governments are clamping down on crypto startups. Traders are less active than they were a year ago. Naturally, the crypto winter is taking down its […]
Author: Steve Kaaru
Not Your Usual Crypto Theft: Burglar Steals ATM Machine From L.A Bakery
By now, you’ve been accustomed to hearing about theft in the crypto industry. Hackers have made away with billions of dollars, with exchanges being the target of choice for these criminals. However, in Los Angeles, a burglar went the old school way and stole the entire Bitcoin ATM. The incident took […]
Bitcoin Remains Range-Bound at $3,600 as Latest Samsung Galaxy Phone Looks to Boost Adoption
Despite a wave of green in the past 24 hours, Bitcoin still remains range-bound below $3,700 for a third week. The currency was trading at $3,630 at press time, having registered a 1.4 percent gain in the past 24 hours. In some markets such as Coinbase and the dominant BitMEX, […]
PayPal CEO Slams Bitcoin as Top Crypto Investor Says It Will Go to Zero
Bitcoin doesn’t qualify as a currency, PayPal CEO stated today in an interview with CNBC’s Squawk Box. Rather, it’s a reward mechanism for implementing blockchain, Dan Schulman believes. The sentiments are nothing new given PayPal top executives’ history with bitcoin. In the past, Schulman has torn into bitcoin, especially in its […]
Coinbase Targets Asia with Institutional Products as It Integrates International Swift Transfers
The leading U.S exchange is expanding its reach, and Asia is its target. In a series of recent moves geared towards thriving in a bearish market, Coinbase is set to go head to head with some of the biggest exchanges globally in Asia. The continent has been home to some […]
This Trader Sold Bitcoin for Three Years, He Now Owes $900k in Taxes
Water and oil. This best describes the relationship between cryptocurrencies and taxes. The current taxation model dates back many years ago before Nakamoto launched cryptos. This makes it quite difficult to adhere to the taxation policies for crypto traders. One crypto trader in Sweden knows this best and now owes […]
Morgan Stanley Believes Bitcoin Will Last The Long Haul, Coinbase Exec Says
Since Nakamoto launched Bitcoin a decade ago, the legacy financial system has fought it tooth and nail. Wells Fargo banned Bitcoin purchases from its credit cards mid last year. Indian and Pakistani banks are forcing their clients to declare they won’t buy Bitcoin before they open an account. In Zimbabwe, […]
The Bullish News Keep Coming, but They Are Doing More Harm Than Good
Recently, a report emerged that indicated that Russia intended to invest billions in Bitcoin. The report by an Australian publication cited U.S sanctions as the reason Russia was turning to cryptos. Barely two days later, a top Russian crypto regulations executive disregarded the report as merely wishful thinking. It will […]
Wyoming’s New Bill Seeks to Bring Order into the World of Crypto
The world of cryptocurrencies faces many challenges. They include price volatility as well as low mainstream uptake. Cryptos are also susceptible to a 51 percent attack as was seen recently with Ethereum Classic. However, the biggest challenge remains to be the ambiguous and vague regulatory framework governing the industry. Wyoming […]
A Better Bitcoin: Stanford, MIT, U.C Berkeley Partner On Ambitious Venture
We are all aware that Bitcoin has its fair share of fundamental challenges, and a group of scientists are out to solve them. At the top of the challenge list is Bitcoin’s inability to scale. This denies the currency traction to chip away at the mainstream financial market which is dominated […]
Russia Unlikely to Invest in Bitcoin in the Next 30 Years, Official Refutes Earlier Report
Recently, a report indicated that Russia intended to invest billions of dollars in Bitcoin to cushion itself against the effects of U.S sanctions. As we reported, the report cited a senior Russian economist and a lecturer at a national economics institution. However, a Russian government official says that this is […]
Crypto Exchanges Register Their Best Year yet in 2018 Despite Price Dip As Bitcoin Dominates
Bitcoin may have shed 80 percent of its value in the last 12 months, but crypto exchanges had their best year yet. Coinbase, the biggest exchange in the U.S, experienced a 21 percent increase in 2018, with the first quarter of the year being the most successful. However, the volume […]
The New Frontier: Why Africa Is All in on Crypto Despite Price Dip
The cryptocurrency excitement reached fever pitch in 2017 as Bitcoin struck $20,000. Whether a Bitcoin maximalist or an altcoin aficionado, we were all in a state of euphoria. Then things changed. The market took on a downward spiral and interest in the industry took on a similar path. As we […]
Pablo Escobar’s Brother Starts Campaign To Impeach Trump, And He Is Using Crypto
Since Trump ascended to power, there have been many who have been disgruntled with his leadership. However, recently, the most recent anti-Trump call caught the world by surprise. This time, it comes from Robert Escobar, the brother to the infamous Colombian drug lord, Pablo Escobar. Escobar has turned to cryptocurrencies for his mission, […]
Bitcoin Could Fall Below $3,000, Civic CEO States As Currency Drops Another $160
On January 9, Bitcoin dropped $250 in thirty minutes, taking everyone by surprise. The currency traded around $3,800 for a day, but even this couldn’t hold. Earlier today, Bitcoin lost another $160 to trade just above $3,650. A brief fightback saw the currency get back over $3,700, but the rally […]
Bitcoin down $250 as Report Claims Russia Might Trigger the Next Bull Run
After spending four days above $4,000, Bitcoin has finally given way. And it has been quite a drop, with the currency losing $250 in the space of thirty minutes. The drop sees it trading at $3816 at press time, having dropped from $4,016. Bitcoin had witnessed yet another 30-minute rally […]
This Crypto Trader Grew $32k to $1.2m, Then Almost Lost Everything. Here’s Why He Is Still Optimistic
You’ve heard all the legendary tales about crypto investors who put in a few thousand dollars and became millionaires. One thing all these investors have in common is they all cashed out when Bitcoin was at its peak. At $20,000, Bitcoin had already skyrocketed by 2,000 percent in just 12 […]
Bitcoin Price Approaching $4,100, but Don’t Get Excited Yet, Analyst Warns
The new year has kicked off on the right foot for Bitcoin investors. The currency has continued with its rally, gaining $375 since the year turned. In the past 24 hours, the currency has gained 6.5 percent, finally hitting the $4,000 level again. The last time Bitcoin hit this level […]