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Bitcoin Drops Below $9K, Top Altcoins Down 16% On Global Regulatory News
Bitcoin (BTC)’s price dropped below $9,000, dropping to $8,539 on Friday, March 9, according to data from CoinMarketCap. At press time, Bitcoin is trading at an average of $8,809, down 9 percent on the day. Sponsored After hitting a weekly high of $11,675 on March 5, Bitcoin started dropping, losing almost 27 percent to today’s lows. To compare with yesterday's downturn of 4-6 percent losses across top cryptocurrencies, today losses among top-10 altcoins on CoinMarketCap reached up to 16 percent. Image source: coin360.io Total market capitalization for all cryptocurrencies hit a monthly low of $344 bln today, currently at $358 bln. Among the top ten altcoins in...
Popular Social Networks in Russia to Accept Bitcoin
Two Russian-based social networking platforms have announced they are now accepting cryptocurrency payments. Vkontakte, the most popular social media among Russian-speaking users, and Odnoklassniki, which has many subscribers in former Soviet states, will take bitcoin from advertisers. They also intend to start paying developers and partners in cryptocurrency. Sponsored BTC and BCH Payments to Be Processed by Bitpay Both Bitcoin (BTC) and Bitcoin Cash (BCH) will be accepted by a platform that the two social networks work with, Mytarget. Cryptocurrency transactions will go through the My.com subsidiary of Mail.ru Group and will be processed by the U.S. based payment service provider Bitpay....
Missing Bitcoin Billions from Mt Gox Linked to UK Company
The Mt Gox hack back in 2014 was one of the largest Bitcoin heists in history. Four years ago cryptocurrency was the relatively unknown domain of tech geeks and futurists so this did not make big news. The Tokyo based exchange handled as much as 70% of the world’s Bitcoin transactions at the time. It has been revealed that a UK company has been linked to the theft of 650,000 Bitcoins from the exchange. Unraveling the Mt Gox Robbery According to a BBC report the London-based firm Always Efficient LLP claimed to be operating the exchange at the time though it was...
Coinbase's bitcoin cash trading rollout cost investors $5 million, lawsuit says
Cryptocurrency exchange Coinbase was accused of insider trading after the launch of bitcoin cash trading in December, according to a California lawsuit. Coinbase began its own internal investigation of insider trading around the December bitcoin cash trading launch, saying its employees had been prohibited from trading. A separate suit filed last week accused Coinbase of illegally keeping bitcoin that was sent to customers in 2013, when prices were below $200. Getty Images Coinbase CEO Brian Armstrong Coinbase's botched roll-out of bitcoin cash trading cost investors more than $5 million, a lawsuit alleges. Coinbase is the leading U.S. marketplace for buying...
Bitcoin Cash and Litecoin Tie on Transaction Levels
When a cryptocurrency catches up with a rival it terms of transactions it could be a sign of greater adoption, or maybe not. Litecoin and Bitcoin Cash have been duking it out over the past few months coming ever closer until the inevitable happened. Yesterday BCH caught up with LTC with number of daily blockchain transactions. According to Bitinfocharts Litecoin has been on a slow downtrend since the beginning of the year with fewer transactions per day. Its last spike was 225k transactions on January 4 when price was also heading over $300. Bitcoin Cash only surpassed LTC once in the past...
Bitcoin: What’s Behind The Major Price Spike
Over the past week, bitcoin has seen its price spike over 12.5% to around the $11,500 level clearly outshining other major cryptos. Is this a coincidence or is there something more important going on. If this action had occurred last summer, the explanation would have been that bitcoin was just part of the unquenchable thirst of the public to own cryptocurrency. But these days, we believe that lots of the purely speculative phase is behind and that fundamentals will play a more important role moving forward. The recent bitcoin action provides some support for this theory. Last week’s announcement by...
Beware of Thanatos, the latest cyber-extortion scam
Another ransomware program is infecting computers, and it’s demanding Bitcoin Cash to let users unlock their files. A report at Bleeping Computer highlights the new ransomware, dubbed Thanatos, that was unearthed by security experts at MalwareHunter Team. What makes this particular infection noteworthy is that it creates an encrypted file, but the key is not saved anywhere. Whether by accident or design, there’s no way to easily unlock a computer once it’s been compromised. Even if you do pay the ransom, it’s unlikely the developers of the malware will ever be able to decrypt your data. It is possible to use...
Russian Crypto Developer Kidnapped; 300 Bitcoin Stolen
Crypto related crimes are on the rise. Today, the Moscow police reported that Yury Mayorov, the creator and founder of PRIZM, a known cryptocurrency was attacked and kidnapped yesterday by four unknown assailants. They took his phone, some dollars and his laptop (that contained access to his wallet with 300 BTC). Sponsored The kidnap took place in Moscow. Yuri was withdrawing some dollars for an upcoming trip to India when he was intercepted by four guys who forcedly made him go up in a van. When they released him at an unknown place, they gave him a pill with a glass of vodka....
Cryptocurrency Market Records Large Gains, Litecoin Surges by 30%
Over the past 24 hours, the cryptocurrency market has recorded large gains, as every major cryptocurrency including bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin recovered in value. Bitcoin and Ethereum Bitcoin demonstrated an 11 percent increase in price, moving closer to the $10,000 mark, which analysts often describe as the psychological threshold for the cryptocurrency. As CCN noted in the past, because the market tends to follow the trend of bitcoin in terms of massive volatility, over the past 24 hours, most cryptocurrencies have followed bitcoin’s upward momentum. Since yesterday, the price of bitcoin rose from $8,840 to $9,900, by...
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