The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult. Cryptocurrencies — and Tether (USDT) in particular — could be playing a key role in recent capital flight from China, according to a new report from blockchain analytics firm Chainalysis.The report states that over 44% of… More
A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly. The former governor of Reserve Bank of India, Raghuram Rajan, said that private cryptocurrencies like Bitcoin (BTC) and Facebook’s Libra may have a future even when central banks roll out their own digital currencies.Rajan,… More
A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.” Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving cycle, data shows.In a Twitter series on Aug. 20, popular statistics resource ChartsBTC noted that Bitcoin… More
The Middle Eastern restaurant, with three locations across Ontario, announced it would be switching its cash reserves to crypto. A Canada-based Middle Eastern restaurant chain just converted their entire fiat cash reserves into Bitcoin.According to an Aug. 19 tweet from Tahini’s — ‘the best Middle Eastern restaurant in the world’ — the decision to switch… More
Jack Daniels says it successfully fended off the attack, but the REvil ransomware gang has put stolen data up for auction on the darknet. Ransomware gang REvil, known also as Sodinokibi, claims to have mounted a successful attack against the U.S. wine and spirits giant, Brown-Forman Corp — but the company claims otherwise.The company is… More
Bitcoin and the altcoins continue to correct but lower levels are likely to attract buyers as the bullish macro trend has not changed. Bloomberg Intelligence senior strategist Mike McGlone is bullish on Bitcoin (BTC) as he believes that “something unexpected needs to happen for Bitcoin’s price to stop doing what it’s been doing for most… More
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