Bitcoin price (BTC) hit the $9700 resistance level early in Wednesday trading before losing all the gains in the next few hours. Traders profit-taking-strategy and the downtrend in U.S. stock markets hindered the bull-run in cryptocurrency markets. The majority of digital currencies are in the red today. Bitcoin Cash (BCH) and IOTA (MIOTA) are among…
Several crypto exchanges have temporarily suspended ERC20 deposits due to the discovery of an Ethereum smart contract bug. A Medium post from April 22nd announced the discovery. Labelled as the “batchOverflow” vulnerability, this Ethereum smart contract bug allows hackers to generate a large number of tokens from nothing and then deposit those tokens into a…
Amazon has entered the emerging Blockchain-as-a-Service (BaaS) sector with its blockchain templates for Ethereum and Hyperledger Fabric for Amazon Web Services (AWS). This follows suit of tech giants IBM and Oracle who have launched their own Hyperledger blockchain services. Blockchain as a service (Baas) Although there is a need and desire for many companies to…
Ethereum (ETH) has had a strong rebound in the beginning of Q2, now up over 90% since April 7th. The market cap now stands at US$69.55 billion, with exchange-traded volume of US$2.14 billion in the past 24 hours. Chatter has continued to increase about whether or not cryptocurrencies, specifically Ethereum, should be considered a security…
The renegade chain splintered from the main Bitcoin chain over 8 months ago to fulfill the ‘original vision’ of Satoshi Nakamoto to create a new asset for transacting rather than a store of value. Its creator, the outspoken Roger Ver, is the closest thing to Elon Musk in cryptoland: prolific on social media and antagonistic…
Cardano (ADA) & Ethereum (ETH) – The cryptocurrency market is continuing to climb today and is currently sitting just over $430 billion. Today, we’re taking a look at two cryptocurrencies that are soaring on the market today. Source: CoinMarketCap Despite a few regulations being implemented in Iran and the SEC planning further crypto crackdown; panic…
Cryptocurrencies are subject to great debate nowadays. While some top business personalities around the world bill crypto-currencies as futuristic and sustainable, others are widely skeptical and compare them to a fragile bubble waiting to burst. Rates of major crypto-currencies have soared over recent months. And they have dropped too. For example, the world’s single largest…
Bitcoin could become irrelevant if any of the ideas put forth by MIT students become a reality. First though, let’s go back to 2008 when the US went through the worst recession in history; it was even considered to be greater than the “great depression”. The cause of it ultimately came down to the banks issuing money/mortgages to…
Crypto scams are not new. In fact, we have seen many this year. It’s a recognized problem within the crypto space, and now it appears one British finance behemoth has had enough. Now, Martin Lewis is suing Facebook. Lewis has had enough of Facebook acting as the platform in which crypto scams are performed. Especially…
What is the total market of Cryptocurrency worth right now? It may surprise some to hear that the market cap has exceeded the $420 billion level for the first time in seven weeks: the emerging coin market has increased at a robust pace over the previous two weeks driven by prompt growth in altcoin prices.…
