The UK’s Financial Conduct Authority (FCA) issued a letter on Monday to bank CEOs over the potential risks that they face when dealing with cryptocurrencies. A Letter from the FCA Criminal activities are synonymous with cryptocurrency use and the letter is said to suggest “good practice” that banks can follow to be vigilant against these activities. According…
Bitpanda adds IOTA: All incidences of hacking are unfortunate, but some more so than others. On the weekend of June 9th, Coinrail, a South Korean crypto exchange, was hacked. The Coinrail hack was so severe that all of the top 10 coins on the market are plunging today. Some coins are down because of it, and…
Opinion: Cryptocurrency grasped mainstream attention back in mid-2017, but the world’s first digital currency, Bitcoin (BTC) was born back in 2008 and introduced to the world in 2009. Around this time, the stock market collapsed and fell 777.68 points within a single trading day. The cause? The subprime mortgage crisis. U.S. banks got greedy and granted mortgages…
Binance euro trading pairs – it’s finally happening! This is huge news because this will be the first fiat currency option to become available on Binance. Binance has always previously been strictly a crypto-to-crypto exchange. It hasn’t dealt in fiat currency, mostly because fiat exchanges are usually subjected to more regulations than crypto-to-crypto exchanges. But…
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…
