Bitcoin Drops to $7,800 But Rebounds Instantly to $8,150, Tokens Suffer

On July 31, the price of bitcoin fell by 4 percent, from $8,150 to $7,800, as both major cryptocurrencies and small market cap tokens plummeted in value. Within hours after its 4 percent drop, the price of bitcoin rebounded from $7,800 to $8,150, demonstrating an instantaneous recovery from its relatively large drop. However, other major …

Cryptocurrency Market Declines $5 Billion, Bitcoin Fairly Stable at $6,450

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The cryptocurrency market has dropped by $5 billion over the past 24 hours, from $282 billion to $277 billion. Most major cryptocurrencies including Bitcoin have declined by 1 to 2 percent but did not demonstrate any major movement on both the upside and downside. …

Cryptocurrencies like Bitcoin Less Wasteful Than Fiat Money

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Earlier this week, I wrote on social media that it costs significantly less energy to produce cryptocurrencies like bitcoin and Ethereum. The responses were, “that’s not true, once fiat money is created, no additional energy is required.” Bitcoin and cryptocurrency have an …

Chinese Government Orders Faster Blockchain Development

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: …

China Ranked Verge, Which Experienced a 51% Attack, in the Same Spot as Bitcoin

Join our community of 10 000 traders on Hacked.com for just $39 per month. On May 22, CCN reported that Verge (XVG), a privacy-focused cryptocurrency, fell victim to yet another 51 percent attack. Altcoin mining pool operator Suprnova revealed that an individual or an organization has invalidated legitimate blocks. Verge Attack “Verge is once again …

Cryptocurrency Market Rebounds by $21 Billion, Zcash up by 45%

Join our community of 10 000 traders on Hacked.com for just $39 per month. Over the past 24 hours, the valuation of the cryptocurrency market has increased from $387 billion to $408 billion, by more than $21 billion. Major cryptocurrencies like bitcoin and Ethereum have risen in the 3 to 6 percent range while smaller …

47% of South Africans Plan to Invest in Cryptocurrencies

Join our community of 10 000 traders on Hacked.com for just $39 per month. South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the …

Cryptocurrency Can be a Safe Haven Asset

Join our community of 10 000 traders on Hacked.com for just $39 per month. Jeong Ki-wook, a former executive at Cisco and the founder of TrustVerse, a South Korea-based wealth management platform, said that cryptocurrency assets like bitcoin and ethereum can evolve into safe haven assets in the long-term. Reaching Stability In an interview with …

Florida State Employee Arrested for Mining Cryptocurrency on Agency Infrastructure

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. According to a statement released by the Florida Department of Law Enforcement (FDLE), an employee at the Department of Citrus was found using state-owned computing hardware to mine cryptocurrencies. The perpetrator, Matthew McDemott, served as the information technology manager for the department, …

South Korea’s Largest Cryptocurrency Exchange Partners With BitPay

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bithumb, South Korea’s largest cryptocurrency exchange, has partnered with major cryptocurrency payment processor BitPay to facilitate international remittance payments. US and South Korea Sonny Singh of Bitpay, the chief commercial officer at BitPay, stated that the company is on track to process …