Bitcoin price crashed down below $7,000 after the South Korean cryptocurrency exchange Coinrail was hacked over the weekend. The cyber attack sent BTC/USD down by approximately 10%. Currently, the digital currency is trading at close to $6,730, near its two-month low. BTC/USD Crashes Below $7,000, On Bearish Trend On Monday morning, Bitcoin price continued to…
It’s Monday, and the crypto markets are not looking good. Now, a lot of that has to do with the Coinrail hack over the weekend, but that’s not the sole reason certain virtual currencies are plunging. For instance, Ripple (XRP) has seen better days. In this article, we will be looking at XRP’s daily chart,…
![Stellar [XLM] Progress – Big Things Stirring While Flying Under the Radar](http://mattx.co/wp-content/uploads/2018/06/3691/stellar-xlm-progress-big-things-stirring-while-flying-under-the-radar-777x380.jpg)
Stellar [XLM] has been flying under the radar lately and has left many of its investors wondering what the team behind the project has been up to. Well, the project just released its May “Stellar Roundup.” It’s June! That means the monthly Stellar roundup for May has arrived! You can read it on our website:…
The crypto market is struggling today, and many coins are down, including VeChain Thor (VET) and Ethereum Classic (ETC). However, despite all the red, the coins are progressing in their projects. VeChain Thor (VET) VeChain Thor (VET) is currently selling for $3.11, which puts the coin down 14.49% in the past 24 hours. Source: CoinMarketCapThe…
Bitcoin (BTC) and Ethereum (ETH) Plummet – Over the weekend, $42 billion was wiped off the cryptocurrency market as FUD spread over a small North Korean exchange hack. Coinrail announced the hack via their website calling it “system maintenance.” The small Korean exchange stated that these hackers stole up to 30% of the digital tokens…
One of the biggest criticisms of proof-of-work mining is that it leads to a high level of miner centralization, where a few miners control over 50% of hashing power on the network. On Bitcoin, the top four mining pools contribute over 50% of the hashing power, while on Ethereum, the top three mining pools contribute over…
Canada Crackdown – The Canadian government just announced that going forward it will regulate any businesses “dealing in virtual currency” as Money Services Businesses (MSBs). This move is aimed at protecting Canada’s financial ecosystem from potential terrorist financing activities and money laundering. Canada considers money service businesses as those that handle money, but are not…
Decades before Bitcoin, the arrival of the internet prompted speculation that the relentless march of information technology would eventually put central banks in the same category as typewriters and cassettes—obsolete inventions that people once thought would last forever. The rise of cryptocurrency has rekindled this debate, and it is now being explored by one of the…
The sun rises in the east: (Monday) The first bit of positive news for the week started off in Japan with US-based exchange Coinbase announcing they are going to open up shop in the country and appointing a former JP Morgan investment banker Nao Kitazawa as CEO of the branch. Also, the Hong Kong-listed Japanese financial…
VEN, soon to be known as VET, is the native token used to interact with the Vechain network. Along with other ERC-20 switchers like EOS, TRX and ONT, VEN has seen a surge in its trading volumes due to anticipation surrounding the launch of its own Mainet. From an initial listed price of 0.25088 in…
