Cryptocurrency 

Crypto News | Elon Musk Talks Bitcoin and Binance Expands

The cryptocurrency market had quite the shakeup last week, causing a spike in most digital currencies. On Valentine’s Day, six days ago, JP Morgan announced that it would launch a test for its new JPM coin. This was the biggest crypto news to surface in quite some time. Now, digital currencies seem to have corrected, and most are trading red today. In today’s crypto news, we’ll discuss Elon Musk’s interview and the details behind him calling Bitcoin “quite brilliant.” Also, we’ll look into Binance’s new testnet they just released. Crypto News:…

Read More
Cryptocurrency 

Bitcoin Revolution Scam | Malta Warns of “Get-Rich-Quick” Scam

An alleged global scamming scheme called ‘Bitcoin Revolution’ is doing the rounds and traders are being warned not to fall for it. The Malta Financial Services Authority (MFSA) issued a warning against it today via an official document. Bitcoin Revolution The alleged crypto scam likens to a typical get-rich-quick scheme and operates through several websites, though only one has been officially named: the-bitcoinrevolution.org. The scheme has been advertised on social media platforms and has used the images of prominent local personalities claiming they have become rich from the crypto investments. Unregistered According…

Read More
Bitcoin 

JPMorgan Claims Bitcoin Isn’t Worth Mining Anymore

JPMorgan analysts are taking jabs at Bitcoin once more. The executives at this major US bank have never been fond of digital currency and blockchain technology. Jamie Dimon, JPMorgan’s CEO, temporarily pulled back on his comments when BTC hit its all-time highs. Shortly after, the coin began to crash, and his skepticism picked up again. According to a Bloomberg report, the bank’s analysts say that it costs more to create one Bitcoin than it’s worth. In Q4 2018, it cost around $4,060 to mine one BTC and currently, the price of the digital…

Read More
Bitcoin 

Bitcoin Price Shows Resilience Above $3,500, Despite ETF Rejection

Bitcoin price is showing resilience in the face of adversity. The latest bad news has failed to knock BTC to the floor. So is there a bull run ahead? Bitcoin Price Yesterday, the Chicago Board Options Exchange (CBOE) BZX equity exchange withdrew its request to list a Bitcoin ETF (exchange-traded fund). The news surely has disappointed Bitcoin traders, but it has yet to be reflected in Bitcoin price. CBOE requested a rule change by the US SEC that would have allowed a Bitcoin ETF listing to be plausible. This potential ETF was…

Read More
Bitcoin 

Russia to Avoid US Sanctions with $10 Billion Bitcoin Investment

According to a Russian economist with ties to the Kremlin, the superpower is preparing a massive $10 billion USD investment in Bitcoin to replace its US dollar reserves. Russia’s Bitcoin investment is a step to minimize US sanctions on the country. Russia’s Bitcoin Investment Vladislav Ginko, an economist at the Russian Presidential Academy of National Economy and Public Administration, said the Bitcoin investment was a step taken to avoid US sanctions on Russia. Ginko believes that Russia’s decision to hold Bitcoin as a reserve currency instead of the US dollar is…

Read More
Bitcoin 

Bitwise Files Bitcoin ETF With SEC

According to a US Government SEC registration form, cryptocurrency index fund provider Bitwise Asset Management has applied to launch a new Bitcoin Exchange Traded Fund (ETF) with the government body. An ETF is a platform that tracks and trades an asset in the same way as stocks are traded on an exchange. Will Bitwise manage to succeed where so many others are failing? Bitwise Files Bitcoin ETF Bitwise’s proposal is for an ETF that tracks the value of Bitcoin via the Bitwise Bitcoin Total Return Index. This value is “calculated based…

Read More
Bitcoin 

Litecoin’s Charlie Lee Sparks Twitter Battle Over “Bitcoin Extremists”

Charlie Lee is at it again. The Litecoin founder isn’t shy when it comes to voicing his opinion on crypto via Twitter and yesterday was no different. It seems this time, he’s targeting Bitcoin maximalists. Charlie Lee vs. Bitcoin Maximalists It all started with a poll. Some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists. They think all other coins are scams and will go to zero. Maximalists think Bitcoin is and will remain the dominant cryptocurrency but there is room for altcoins to exist and even do well. What are…

Read More
Cryptocurrency 

Dark Overlord | Hacker Group Demands Bitcoin or 9/11 “Truth” Comes Out

“We’ll be providing many answers about 9/11 conspiracies through our 18,000 secret documents leak.” The group has already published a “teaser” that names law firms and gives out email addresses. It also mentions the Transport Security Administration and the Federal Aviation Administration, with promises of more to come. Those targeted are expected to pay an unspecified Bitcoin ransom. If they don’t pay up, the group claims “we’re going to bury you with this.” The Dark Overlord The Dark Overlord is a “professional adversarial threat group” that has struck many times before. The hacker group has previously hacked…

Read More
Bitcoin 

Bitcoin Price | Coinbase President Asiff Hirji Optimistic for New Year

Crypto players from around the globe are chiming in on the direction of the Bitcoin price in 2019. Will it continue to see price crashes? Or will the current recovery continue? Better yet, has the industry had a good year and will it continue to have significance in the new year? Earlier in the week, we heard from bears, like Erik Finman who called Bitcoin “dead;” and we heard from Spencer Bogart, a Bitcoin bull, who not only said BTC will continue to rise, but that 2018, contrary to popular belief, has…

Read More
Bitcoin 

Bitcoin Gains 18% | Quinone CEO Says 2019 Will Bring New All-Time High

Despite Bitcoin’s intense price drop in recent months, some still believe it is going to turn it around next year. And there’s nothing to say it definitely won’t; in the last three days, Bitcoin has packed on 18% in gains. Sudden Gains The world’s largest cryptocurrency by market cap jumped from $3,181 to $3,776 in under three days, proving further that nobody can truly know where this coin is headed next. One advocate for its future upturn is Mike Kayamori, CEO of Quinone, a Japan-based crypto exchange platform. Speaking with Bloomberg TV,…

Read More