
Weekly Cryptocurrency Recap: Bitcoin and Ethereum Continue to Disappoint
Bitcoin had another disappointing week providing a negative weekly return of 1.60%.
Bitcoin had another disappointing week providing a negative weekly return of 1.60%.
Despite BTC price moving between $9,000 and $9,500 recently, the CEO of Binance said Bitcoin is stable and the traditional market has a “drag down effect” on it.
Brad Garlinghouse, Ripple CEO, at the Parallel Summit on July 17 expressed his opinion about the digital currency industry. He stated that China is a leader of it and admitted that he is awed by China’s approach.
It has become known that Coinbase saved over 1,000 users from sending Bitcoins to scammers in the recent Twitter hack.
Trading and staking competitions might not make you rich, but they can supplement your main income while providing an incentive to try out new exchanges.
The hackers managed to receive over 400 payments in the scam, or $121,000 worth of Bitcoin. According to Tom Robinson, co-founder of cryptocurrency compliance firm Elliptic, the sum is quite low to become a historic one.
Grayscale Investments released its detailed Q2 2020 digital asset report and noted that approximately 84% of its investment came from institutional investors.
Though cryptocurrency exchanges are often considered to be a convenient way to manage cryptocurrencies, this convenience usually comes at the cost of privacy.
Regardless of the recent Bitcoin scam carried out through a Twitter hack, BTC price remained largely unaffected, only dropping about 1%.
On Thursday, July 16th, the quotations of the BTC renew local lows after another failure to overcome the resistance line of the descending channel. It seems that market participants regard the level of $9000 as the main support line and will test it.
Justin Sun, the BitTorrent CEO and TRON founder, has offered $1 million of his own money to support tracking the Twitter hackers down and bringing them to justice.
SEBA will be working in close coordination with DASL for the issuance of tokenized securities over the Corda blockchain network for institutional clients.
Twitter accounts of celebrities, major corporate company accounts, and famous politicians were compromised in one of the biggest Twitter hacks in history. As per Twitter, the hackers managed to access to the company’s internal systems and tools.
The cryptocurrency market volatility never went up as a lot of assets are still “stuck” within their respective sideways channel.
Richard Petty Motorsport, a major participant in the NASCAR Cup Series, has secured a partnership with Cash App and Bitcoin via its pilot Bubba Wallace.