Cryptocurrency News

The Twitter account of Bitfinexed, the pseudonymous online critic of the worlds largest Bitcoin and cryptocurrency exchange, was suspended today. The blogger says his tweets were being reported and his account was being spammed with hundreds of thousands of fake followers, and he thinks Bitfinex is behind it. Bitfinex nor its public relations firm, 5W, immediately responded to a request for comment. An unregulated exchange, Bitfinex handles around $2 billion in bitcoin and cryptocurrency trad Read more...

Concerns are growing as to whether tether USDT, the stable token pegged to the dollar, is backed by actual U.S. dollars. And recent scrutiny by U.S. regulators is doing nothing to allay those fears. As of this writing, the number of USDT in circulation is 2.2 billion. That means Tether should have a matching number of dollars in one or several bank accounts. But, so far, no external audit has been conducted to show the money actually exists. Tether is owned and operated by the same individual Read more...

Former President of Mexico Vicente Fox was part of a panel discussion at the Blockchain Economic Forum in Singapore on February 5, 2018, and had a number of insights on blockchain technology generally and how Mexico might make use of it to help curtail corruption and rein in the drug trade.While President Fox openly admitted that he doesnt understand blockchain technology that well at this point learning more about it was a big reason he went to the conference, he does see the incredible pote Read more...

The written testimony from Jay Clayton, chairman of the United States Securities and Exchange Commission SEC, was released on February 5, 2018. It comes ahead of the chairmans oral testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs on February 6, 2018, on the matter of Virtual Currencies The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission. Usually the written testimony closely mirrors the language we Read more...

Over the last week, bitcoin has seen an aggressive markdown from the $12,000s to the $6,000s a 50 move in 7 days. Right now, a battle between the bulls and the bears is under way as the market is trying to decide if todays rally is a temporary bottom or a decisive end to the aggressive bitcoin bear marketFigure 1 BTC-USD, 1-Day Candles, Macro TrendTo date, the market has broken number lines of support including the daily 200 EMA. The daily 200 EMA has been a strong support for the last few y Read more...

Toronto City Council voted today to invite the public to make deputations to the City Executive on March 19, 2018, about why and how blockchain technology and new cryptocurrencies can be integrated into the way the city does business.The motion was introduced by Councillor Norm Kelly, who believes that Toronto is already well on the way to being an international innovation hub, and that the use of blockchain technology and cryptocurrencies could fast-forward this process.In an interview with Read more...