Cryptocurrency

Cryptocurrency (127)

Missing Bitcoin Login Info Accounts for $140B of Inaccessible Digital Currency: Report

A recent report from data firm Chainalysis indicates close to 20%, or about $140B worth, of the world’s supply of Bitcoin, is stranded in wallets due to forgotten passwords or locked accounts. So reports Business Insider.

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Bitcoin’s Wild Ride Gets Wilder, Pushed Past $40K

Bitcoin went from $19,000 in 2017 all the way down to $3,200 in a year later. Now, the cryptocurrency has pushed past $40,000 to a new all-time high. So reports CNN.

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OCC Blockbuster: Banks Can Use Stablecoins, INVNs to Conduct Business

In a move that could bolster the institutional use and legitimacy of cryptocurrency across the board, the Office of the Comptroller of the Currency (OCC) published a letter explicitly stating federal savings associations’ and national banks are allowed use stablecoins and participate in independent node verification networks as a way to conduct payment and other bank-permissible activities.

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Tether is 2020’s Most Traded Coin By a Crypto Mile

USD-backed Tether is the most traded cryptocurrency, and it’s not particularly close. So reports Decrypt.

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'Altcoins' Surge As Crypto Industry Rides Bitcoin

“Altcoins” are rallying behind Bitcoin as XRP, Ether and others have hit highs not seen in years. So reports CNBC.

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GoDaddy Staff Unwittingly Aided Crypto Attackers in Social Engineering Scam

GoDaddy employees were duped into facilitating attacks on “multiple cryptocurrency exchanges through social engineering and phishing.” So reports ZDNet.

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Bitcoin Rally Likely Tied to U.S. Election: Expert

As Bitcoin pushed passed the $16,000 mark, some experts have speculated the U.S. presidential election might be behind the rally. So reports CNBC.

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Close to $1B of Bitcoin On The Move, Analysis Suggests Potential Foul Play

Close to $1 billion in bitcoin believed to have originated on the Silk Road black market has been moved. So reports CNBC.

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Bitcoin Is Election-proof: Dorman

Risk assets, like Bitcoin, are going to rise above market uncertainty regardless of who voters put in Oval Office. That's according to cryptocurrency hedge fund investor Jeff Dorman. So reports Markets Insider.

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PayPal to Allow Users to Store and Shop with Cryptocurrencies

PayPal announced it will soon begin allowing customers to store virtual currencies, like Bitcoin, in its wallet as well as shop for goods on its network with the digital coins. So reports Reuters.

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