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Bitcoin Pulls Back Sharply After Touching $70K

The price of bitcoin still appears poised to close out July with sizable gains after plunging below $54,000 earlier in the month. In what’s become a familiar pattern over the past few months, a rally in bitcoin (BTC) to a key level was met with a wave of selling as the price during Monday morning U.S. hours quickly plunged more than 3%…

Bitcoin Drops as Focus Shifts to Supply From Trump Endorsement

Bitcoin retreated from a six-week high as traders shift their focus to speculation the US may sell seized tokens just days after Donald Trump pledged to create a government stockpile of the cryptocurrency if elected president again. Bitcoin retreated from a six-week high as traders shift their focus to speculation the US may sell seized tokens just days after Donald…

Crypto market bounces off recent sell-off, bitcoin rises to $26,500

Crypto market bounces off recent sell-off, bitcoin rises to $26,500 PUBLISHED WED, AUG 23 20232:58 PM EDTUPDATED WED, AUG 23 20233:32 PM EDT   Cryptocurrencies rose Wednesday as investors continued to grapple with the market’s summer doldrums and looked ahead to the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, on Friday. Bitcoin rose more than 2% to $26,517.09. The cryptocurrency…

Atomic Wallet sued for $100 million in wake of North Korea hack

Last month, one of the largest digital currency wallet hacks in recent times saw Atomic Wallet users lose as much as $100 million. The notorious North Korean Lazarus Group is thought to have been behind the attack. Now, Atomic Wallet users have filed a class action lawsuit for $100 million against Atomic Wallet and its owner, Konstantin Gladych. The suit accuses both of “negligent and unlawful…

Binance senior execs bolt over CZ’s handling of US criminal probe

Binance has lost several senior executives who were reportedly uneasy with founder Changpeng ‘CZ’ Zhao’s handling of a U.S. Department of Justice (DOJ) criminal probe. On Thursday, Fortune reported that Binance’s general counsel Han Ng, ‘chief strategy (aka PR) officer Patrick Hillmann, and senior VP for compliance Steven Christie had all informed CZ of their plans to head for the exits. The troubled trio…

India to deploy blockchain for railway system ‘tamper-proof’ signaling

Following the train accident that claimed nearly 300 lives, India is testing the use of blockchain to improve its railway signaling and communications. The Indian Institute of Technology (IIT) is building a new blockchain-based signaling system to complement the existing Data Logger, according to a report from The Hindu. The plan is the brainchild of the Electrical and Electronic Engineering (EEE) stream…

Popular Analysts Predict 10% Rally In Ethereum Against Bitcoin, Will Altcoins Follow?

  Bitcoin bulls held strongly above the $30k psychological level, with BTC price consolidating for major upside move towards $35k. Popular analysts believe it’s now Ethereum’s turn to witness a rally as Bitcoin set to take a breather and allow altcoins to bounce. Popular crypto trader Michael van de Poppe think Bitcoin will not move much because there are few macroeconomic events…

Charles Hoskinson Calls Out Vitalik Buterin For Not Staking Enough ETH

Cardano founder Charles Hoskinson recently called out Ethereum co-founder Vitalik Buterin for his questionable Ether staking methods. Hoskinson took issue with the fact that Buterin staked a rather small amount of his ETH holdings into his own network. Vitalik’s staking strategy raised a few eyebrows in the online crypto community as well. Charles Hoskinson recently took to Twitter to express…

TRON Network Hits 170 Million Active Addresses, Demonstrating Growing Adoption

Tron (TRX), the popular blockchain platform, has achieved a significant milestone by surpassing 170 million active addresses on its network. This achievement reflects the growing adoption and global reach of the TRX blockchain. The news was shared by the official TRX Twitter account, highlighting the positive outlook for the future of the platform. In addition to the increasing number of…