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Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela’s Unbanked

10 hours ago admin2 0
Peer-to-peer bitcoin exchange Paxful is doubling down on developing markets. Revealed exclusively to CoinDesk, the startup plans to open an office in hyperinflation-ridden Venezuela in September and release an Android app, its first for mobile devices, in October. According to Paxful co-founder Ray Youssef, the reason for both moves is that exchange use is surging Read More

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

1 day ago admin2 0
The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed Read More

Bitcoin’s Road Back to $7K (And the Chart Hurdles In the Way)

2 days ago admin2 0
Having defended $6,000 last week, bitcoin (BTC) appears to be building momentum for a price rise, but nearby technical hurdles still present a formidable challenge. At press time, the world’s most valuable cryptocurrency is changing hands at $6,689 on Bitfinex and looks to be gaining steam for another test of $6,838. As such, the level Read More

$13.5 Million Hack Ignites Fresh Debate Over Crypto Project Bancor

4 days ago admin2 0
Innovation is never easy. That said, sometimes it can be that much harder. Such was the case for crypto project Bancor this week, which saw its design decisions and strategy picked apart on social media as it sought to contain the damage from a multimillion-dollar hack. On Monday, the project announced its app was down for maintenance, and Read More

Something Strange Is Going On at a Crypto Exchange Called WEX

4 days ago admin2 0
Users of WEX, the cryptocurrency exchange built on the ashes of BTC-e, are reporting withdrawal problems, raising new questions about an already mysterious trading platform. “‏Dear Wex, when withdraws will enable ??” asked Twitter user Alireza Moosavi on Friday, joining a crowd of Wex customers complaining they couldn’t withdraw funds for the second day in a Read More

A US Election Probe Implicated Bitcoin – And the Reaction Was Swift

4 days ago admin2 0
Rod Rosenstein, the deputy attorney general of the U.S., sparked a social firestorm when he revealed that the dozen Russian military intelligence officers indicted on Friday used bitcoin to fund hacking efforts during the 2016 presidential election. As CoinDesk reported earlier today, the defendants named in the indictment are accused of gaining access to computer Read More

5 Crypto Assets Are Soaring Big on Possible Coinbase Listings

5 days ago admin2 0
Cryptocurrencies generally see a price increase after being added to an exchange, but with Coinbase the rise can be meteoric – even when nothing is actually being added. The exchange announced Friday that it was looking into potentially adding cardano’s ADA token, basic attention token, stellar, zcash and 0x to its platform, and each of Read More

Bitcoin Price Defends $6K As Upside Potential Builds

6 days ago admin2 0
Bitcoin (BTC) may be up slightly at the start of Friday’s session, but it remains to be seen if it can build traction above $6,000. The world’s largest cryptocurrency by market capitalization is now down 37 percent from its May 5th high at $9,996 according to CoinDesk’s Bitcoin Price Index, though it’s rebounded to a crucial Read More

Bitcoin Price Puts Bull Move on Hold as Downside Risks Grow

7 days ago admin2 0
Bitcoin (BTC) traded largely sideways over the last 24 hours, though a dip soon before press time may threaten a developing bullish chart pattern if the price moves below $6,000. BTC’s drop below 10-day moving average (MA) on Tuesday neutralized the immediate bullish outlook and shifted risk in favor of a sell-off to $6,000. However, Read More

$7K Back in Play? Price Indicators Shift In Bitcoin Rally’s Favor

1 week ago admin2 0
It may not have been the asset’s biggest rally, but it’s hard to say bitcoin isn’t building on gains. Since hitting an annual low of $5,785 in June, bitcoin has increased roughly 15 percent against the U.S. dollar, and technical indicators suggest the cryptocurrency might not be calling it quits just yet. That said, you’d Read More