Opinion

Bitcoin (BTC) blazed past $15,000 over the past week and set new highs of $15,975, its highest level since January 2018. The world's leading cryptocurrency's uptick was fueled by a cocktail of increased uncertainty surrounding the US presidential election and a weakening dollar. [caption id="attachment_20028" align="aligncenter" width="1560"] BTC Price Spirals Higher Amid US Election Uncertainty | Source TradingView[/caption] Meanwhile, gold, stocks, and other traditional investment assets haven't performed nearly as well as Bitcoin, establishing the digital coin as a maturing…

The anonymous cryptocurrency, Grin (GRIN), is currently under a 51% attack. This was confirmed yesterday by Grin’s second mining pool, 2Miners, which issued an alert on Twitter. It is believed that a group of unknown miners now control 57% of the payment network hashrate. A chart from Grinscan data also shows that the share of hashrate controlled by this unknown entity has since increased to 57.4%. [caption id="attachment_20013" align="aligncenter" width="807"] Source: 2miners via Twitter[/caption] As a reminder, 51% of attacks…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $439 billion. Bitcoin rises as high as $16,000 before settling around $15k on the weekend. Ethereum increased by 15% throughout the week before losing points on the weekend. XRP increased by nearly 6% to break beyond the $0.25 level Joe Biden is virtually the new President of the U.S. as other crypto-friendly politicians gain…

For as long as the wants of humans remain insatiable, there will always be demand and supply. The two forces have, in turn, created many forms and mediums of exchange for millennia. It evolved to the use of stones, salt, rocks, metals, and fiat currency starting from barter trade. Digital currencies, more so cryptocurrencies, have been taking the world by a storm. Their usage has surged, boasting a total market cap of around $395bn as of 3rd November 2020. The…

Is it legal to seize cryptocurrencies? Who retains the ownership of these coins? Is it the regulators? If you're a crypto enthusiast, these are some of the questions you've probably asked yourself. While cryptocurrencies offer privacy and censorship resistance, this is only to a particular extent as government authorities can seize them if used to facilitate crime and finance terrorism. As crypto adoption continues to escalate, there has been a consequent rise in crypto seizes. The first substantial confiscation of…

Since its launch in 2009 by the pseudonymous developer Satoshi Nakamoto, Bitcoin has always stayed ahead of its competition. Cementing this fact is the worth of the coin is about 64.2% of the total cryptocurrency Market Cap as of the 8th of November 2020. As the pioneer cryptocurrency, it entered a new front whose problems were only starting to be understood. Many different altcoins have since made their debuts, each solving the predecessors' challenges, and with aspirations to unseat Bitcoin,…

Grayscale Ethereum Trust has announced reaching the milestone of over $1 billion in AUM (Assets Under Management). It's the first publicly quoted $ETH investment product in the US. Recently, trust has also become an SEC-registered reporting company following Grayscale Bitcoin Trust. Grayscale Ethereum Trust The company's share $ETHE  has been currently trading at $60 and derives its value solely from the cryptocurrency Ether. As of now, each share of $ETHE is backed by 0.08603465851 of a single unit of Ether.…

Whale Alert, an advanced blockchain tracker and analytics system, reported a transfer of 4.098 BTC to a bitcoin address. The transaction was made today by 1:26 pm with a transaction fee of 0.00150490 BTC. What's more interesting about this update is that the transfer was made to a "confirmed" scam investment platform.  The transfer was made to the platform traderking.io. Traderking is a platform that claims to give up to a 1000 ROI on any investment made on the platform. Taking…

According to Bloomberg's report, the US Justice Department has seized 69,369 Bitcoins currently worth over $1 billion. Besides Bitcoins, the department also took holding Bitcoin Cash, Bitcoin Gold, and Bitcoin SV. It is the largest seizure of cryptocurrencies in the history of the Department of Justice. These Bitcoins were stolen from the infamous dark web market Silk Road. As per the court documents, Ross Ulbricht, founder of Silk Road, became aware of the hacker's online identity who stole these Bitcoins.…