Bitcoin Is Braced For A Huge $6 Billion Price Earthquake This Week

Serious Crypto ‘Washout’ Warning As Massive $300 Billion Price Flash Crash Suddenly Tanks Bitcoin, Ethereum, Ripple’s XRP And Cardano

Bitcoin and the wider cryptocurrency market, including ethereum, Ripple’s XRP and cardano, were hit by a sudden flash crash early Sunday morning, crashing prices (though Elon Musk’s “fav” crypto dogecoin is holding steady). The bitcoin price, which had this week been on a downward trend toward $60,000 per bitcoin, dropped more than 10% to just […]

Visit Page
Why This DAO Bought Snowden’s NFT for $5.4 Million

Why This DAO Bought Snowden’s NFT for $5.4 Million

In brief PleasrDAO bought the Snowden NFT because its members endorse transparency, just like Snowden. The DAO will continue to buy and commission NFT artworks, invest in decentralized finance, and run an incubator to advance its mission. Pplpleaser, the digital artist whose NFT the DAO bought in March, has joined PleasrDAO as an honorary member. […]

Visit Page
Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up

Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up

With much of the market fixated on Bitcoin’s (BTC) sudden price correction over the weekend, retail interest in digital assets appears to be on the rise, according to the latest statistics from Reddit. The r/dogecoin community added 145,859 weekly subscribers, according to Subreddit Stats. The gains are hardly surprising given DOGE’s dramatic rally over the […]

Visit Page
Peak fear? Bitcoin funding rates crash to lowest levels in 7 months

Peak fear? Bitcoin funding rates crash to lowest levels in 7 months

The funding rate of Bitcoin (BTC) has dropped to levels not seen since September 2020 as the price of Bitcoin plummeted below $52,000 on April 18. Quant trader and analyst Lex Moskovski says it shows fear has returned to the market. According to the data from Glassnode, the average Bitcoin futures funding rate across all exchange […]

Visit Page
Bitcoin Price Drops as Kimchi Premium Fades Away

Bitcoin Sells for $65,882 in South Korea as Kimchi Premium Resurfaces

In brief Bitcoin in South Korea is 26% higher than elsewhere: it’s the kimchi premium! South Korean banks and a major cryptocurrency exchange have introduced restrictions on money flows between crypto and the won, Korea’s national currency. A bloodbath in the crypto markets today sunk the price of Bitcoin price on global markets to lows […]

Visit Page
Crypto Flash Crash Wiped Out $300 Billion In Less Than 24 Hours, Spurring Massive Bitcoin Liquidations

Crypto Flash Crash Wiped Out $300 Billion In Less Than 24 Hours, Spurring Massive Bitcoin Liquidations

Topline After a run-up in prices ushering in Coinbase’s long-awaited market debut earlier in the week, the cryptocurrency market plummeted early Sunday after blackouts in China led to massive declines in bitcoin’s mining rates—tanking prices and spurring billions of dollars in liquidations. The market is already on the mend, but bitcoin prices are still down […]

Visit Page
The perils of suing crypto exchanges after ransomware attacks

The perils of suing crypto exchanges after ransomware attacks

In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to its systems.  The firm’s United […]

Visit Page