Month: June 2020

The price of Ethereum is more than 80% below the all-time high which is above $1,400. Ethereum is still bearish on a macro scale. However, traders did not stop flooding the network. According to the data, the usage of the network is beginning to arrive at the highs seen at the peak of 2018’s bubble. […]

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Over the weekend, the node attack on the Bitfury Blockchain-based voting system of Russia swamps reports. Russia prepared for their constitutional amendments through their blockchain-based voting system. However, there were attacks through the election observer’s node. According to TASS, a state-owned news agency of Russia, the attack occurred on June 27. However, the representative of […]

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Blockchain extends services in the advertising industry, meanwhile, cryptocurrency has been out of the box. Amidst the pandemic and mainstream coverage, cryptocurrency news tops the Google search trends. However, despite its substantial growth, it has been left out of the box. While Blockchain extends services in the advertising industry. It was in 2018 when Facebook, […]

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Today, an unidentified user hacked Balancer, a decentralized finance (DeFi) liquidity platform. The attackers reportedly managed to steal 500,000 US Dollar worth of Ethereum and other altcoins. Balancer confirmed that on June 29, a hacker stole from them. It affected two pools containing transfer fees, also known as deflationary tokens. A report laid the steps […]

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Bitcoin is now beginning to display some signs of breaking down. For a long period of time, it was trading within a strong range between $9,000 and $10,000. Bitcoin dipped to lows of under $9,000 as it was rejected at $9,800 earlier this week. Analysts have expressed their opinion on the matter. The weakness was […]

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After observing a miserable failure of traditional financial models and several injustices in the community. Bitcoin empowers unbanked, fights inequality. Today, the unbanked and underbanked lack access to financial knowledge. Most often, only those people with wealth and opportunity can access the resources. It is absurd that not all have adequate access to the basic […]

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In recent years, Bitcoin has grown and was adopted. Nevertheless, people don’t totally understand it. Main Street and Wall Street are also looking down on Bitcoin. Recently, an analyst broke down some of the biggest Bitcoin “FUD”. Two executives at Goldman Sachs talked about Bitcoin in a May call titled “Implications of Current Policies for […]

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870 Bitcoin (BTC) or 8-million worth briefly available to the emergency recovery multi-sig contract of the company as Blockstream’s Bitcoin sidechain malfunctions. Liquid, Blockstream’s Bitcoin sidechain malfunctions, resulting in their 2-of-3 multi-sig contract briefly control 870 BTC or $8-million worth. On June 26, James Prestwich, the founder of Summa discovered the anomaly. Summa is a […]

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There are several factors that contributed to the reasons Bitcoin price went below $9K, liquidating $55M. Last weekend, the Bitcoin price rose above $9,000. It clocked a 22-percent gain from its low price index of $7,524. As the cryptocurrency market investors and experts were anticipating a sharp price gain, the price starts plummeting a week […]

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Bitcoin’s strength did not carry on for a long time. On Monday, it made an attempt to run past the resistance around $10,000. However, after the said attempt, the cryptocurrency strongly reversed. Bitcoin dropped to $8,950 or almost 9% below the week’s highs on Wednesday. Despite the rapid reversal, data reveals that there is on-chain […]

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