BTC Crash, Fraud and Anti-Hodling: Bad Crypto News of the Week

AUDIO The Bitcoin community collectively facepalmed after BTC fell back below $10,000. It was the result of an $800 crash that took place over the course of one hour, the fifth-largest one-hour drop ever recorded. But some analysts are calling for an unprecedented rally ahead of the pending halvin..

FCoin Blames Poor Auditing for Shutdown, but Others Suspect Exit Scam

Follow up Less than two years after bursting onto the scene, Chinese crypto exchange FCoin has shut down its operations. The platform, founded by Zhang Jian, also says it may be unable to pay the 7,000 to 13,000 Bitcoin (BTC) — about $67 million to $125 million — that is owed to its customers. Jia..

Chinese Government-Backed Institute Releases New Ranking of 37 Crypto Projects

China’s Center for Information and Industry Development has published its latest crypto project ranking — the first this year. A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories. Also read: Bitco..

Bitcoin Dominance 6-Month Low Doesn’t Mean Price Is ‘Ultra-Bearish’

Market Update Bitcoin (BTC) continued trading in a narrow corridor on Feb. 22 as markets awaited fresh action after last week’s sudden 8% price drop. Cryptocurrency market daily overview. Source: Coin360 BTC “correcting in an uptrending market”Data from Coin360 and Cointelegraph Markets showed BT..

JPMorgan Says Blockchain Is Laying Foundations for Digital Money

JPMorgan released a report last Friday, detailing the global enthusiasm for blockchain technology in the financial sector. In the 74-page report, JPMorgan described several projects that have developed the ‘real world’ financial application and as a result describes 2019 as the year of “the rise of ..

Japan’s Financial Regulators to Discuss Crypto Asset Creation

Japan’s Central Bank and Finance Ministry have set out to discuss the issues pertaining to creation of a state-backed crypto asset. Japan Joins List of Countries Exploring Central Bank Crypto Assets Japan is preparing to join the growing list of countries to explore the benefits of a state-backed di..

Will Bitcoin Usher an Era of Digital Commodities Trading?

Bitcoin has shown that it can be used as a hedge against risk. Gold’s latest ascent has presented a scenario for safe-haven investments, and this trend may boost the case for owning $BTC. Gold Prices Peaked at Seven-year High, Rapid Growth in Past Six Months Gold has marked a seven-year high above $..

Bitcoin Price Bullrun May Last 1000 Days as 2020 Now Best Average Year

Markets News Bitcoin (BTC) is worth more in 2020 than any other year it has existed — and historical data suggests that its price will continue climbing for another 19 months. Data uploaded to Twitter by fund partner James Todaro on Feb. 21 reveals that in terms of volume-weighted average price, 2..

Here’s Why Even as a Bitcoiner you Shouldn’t Ignore Ethereum

Ethereum (ETH) is on a rising spree in 2020 w.r.t price. But its network is also established and increasingly proving quite significant. Bitcoin Supporters Should Own Some ETH for Upside Potential BTC blogger, Sylvain Saurel, looked at the reasons Ethereum is here to stay, and why Bitcoiners should ..

Bitcoin Cash Faces ‘Slow Death’ After Alleged $30M Hack — Commentator

News Altcoin Bitcoin Cash (BCH) has become the subject of intense speculation after a major investor claimed he lost $30 million in a wallet hack. In a now-deleted Reddit post from Feb. 22, the investor, who appears to be Dreamhost founder Josh Jones, said the attacker also stole 1,500 Bitcoin (B..

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