Bithumb, South Korea’s largest cryptocurrency platform, was raided yesterday in an apparent fraud investigation. As the news spread around noon time in Europe, crypto exchanges worldwide saw a rapid selloff of various coins.When looking at CoinMarketCap this morning, it was clear that all coins of the top 10 are still trading at a lower level […]
Although most mainstream market analysts will tell you about the whopping 65% gains for Bitcoin so far this year (the most famous crypto stands to breach $12k again soon), Ethereum has been making headwinds in the background as well. The coin’s usage as being the official blockchain for most DeFi projects means it has swelled […]
The Bitcoin price is trying to break through $12,000 whilst Ethereum reaches for a 2020 high. Meanwhile, investors are calling for a split of the most popular crypto coins into lower denominations, just as Tesla did. The call comes as the Californian carmaker continues it’s fantastic 2020 stock market rally upon being split 5 to […]
The YAM token debacle which we’ve repeatedly reported on didn’t prove as enough of a warning for DeFi as a new coin seems to surpass the violence that even YFI has been putting out these last days (it traded near $40,000 yesterday).SushiSwap (SUSHI), the newest Uniswap coin, is rising some 200% today towards a value […]
Justin Sun, the relentless marketer and CEO of Tron, has decided to get into the DeFi Meme Coin hype and is therefore launching his own $SUN coin shortly. As from 2 September, mining for his new coin $SUN will start.The official launch of the cryptocoin itself will then follow on September 16. Justin hopes that […]
In a surprisingly expletive-laden interview, self-declared inventor of Bitcoin Craig Wright called the DeFi hype a “complete scam” and said inventors of these projects were nothing but “conmen” and “criminal a**holes taking money”.He also started a new court case against Roger Ver (the creator of Bitcoin Cash and CEO of Bitcoin.com) for libel, after he […]
The DeFi boom continues unabated as the YFI (yearn.finance) coin has a Super Sunday and breaks all records for a crypto just a month old. With a price tag of nearly $40,000 (highest point was $38,683) and an increase of some 70% at a certain moment yesterday, the brand new coin is continuing to shatter […]
Ruja Ignatova, the missing Bulgarian Ponzi-schemer who left the crypto space with a dented reputation and a 7.2 billion dollar hole, is making headlines again, this time in the UK where a popular podcast about her endeavor known as OneCoin has revealed further scandal for London’s City district.This week, the global OneCoin story landed in Australia, […]
Employee loyalty was key for Elon Musk, CEO of Tesla, SpaceX and Neuralink, after a criminal tried to bribe one of his employees into accepting millions in Bitcoin to hack into the company’s mainframe. The employee refused and instead alerted the FBI. Meanwhile Musk was informed just as he was about to show off his […]
As a somewhat seasoned author of articles on business and politics, it felt nostalgic to see one of the Financial Times journalists this week (try and) make the link between the best known cryptocurrency Bitcoin and the fringe alt-right conspiracy group QAnon, and then describe the latter in the same manner that Rolling Stone magazine once used to […]
