Newsflash: Bitcoin Price Tumbles to $5,995 on Bitstamp as Market Hits 6-Week Low

The bitcoin price dipped below the $6,000 mark on cryptocurrency exchange Bitstamp, forcing the flagship cryptocurrency to a six-week low. The market had made a lukewarm recovery earlier in the day, with bitcoin creeping up to $6,600 and other large-cap cryptocurrencies following suit. However, as CCN reported earlier today, bitcoin remains trapped in a severe The post Newsflash:… Read More »

‘Game Over’ for Bitcoin, Claims Bearish Technical Analyst

If the bitcoin price falls below the important year-to-date support level, the dominant cryptocurrency will suffer irreparable damage in the marketplace. This is the opinion of Renaissance Macro Research, quoted by CNBC on Thursday Aug. 9. Bitcoin May Be ‘Permanently Impaired’ According to the financial analysis firm, what bitcoin is facing right now could be The post ‘Game… Read More »

Facebook Interest in Blockchain Tech Gaining Momentum Amid David Marcus Coinbase Resignation

David Marcus of the Facebook blockchain research team announced today that he is removing himself from Coinbase’s board of directors. This is in order to avoid any conflict of interest between his now-former company and Facebook, as the latter continues their foray into blockchain technology. according to TechCrunch on Friday, Marcus’ resignation represents a step forward for Facebook’s crypto… Read More »

Volumes Surge on Turkey’s Crypto Exchanges as Lira Tanks

Trading volume on Turkey’s cryptocurrency exchanges surged Friday as the country’s fiat currency plunged to record lows on economic jitters. According to CoinMarketCap, volume at Turkish exchanges Paribu, Btcturk and Koinim jumped over the past 24 hours by more than 100 percent each. Absolute volumes are still relatively small at these exchanges, with Btcturk, the country’s largest, handling $11.6 million in… Read More »

Overstock’s Cryptocurrency Subsidiary is Now Worth More than the Entire Company

Advertisement When you visit Overstock.com, you’ll still be met by advertisements for discounted Martha Stewart Rugs and a coupon for an extra 10 percent off already-clearanced bedroom furniture. However, there’s no longer any denying that the firm is not primarily an e-retailer — it’s a cryptocurrency company now. Cryptocurrency Startup tZero Now Worth More than Overstock The firm,… Read More »

Researchers Identify 15,000-Strong Botnet Scamming Crypto Twitter

Cybersecurity firm Duo Security has released an analysis of the botnets of Twitter.During a lengthy paper on the topic, the team behind the research identified over 15,000 bots devoted to scamming users out of cryptocurrency.Duo Security Provide the Tools to Fight Back Against BotnetsResearchers at Duo Security have identified a massive botnet attempting to scam Twitter users out… Read More »