The price of Bitcoin (BTC) abruptly fell from $11,823 to $11,102 in the last 48 hours. While on a macro level the digital asset remains in an uptrend, there appear to be three key factors behind the pullback.XBT-USD 1 week chart. Source: TradingView.comThe presence of a crucial resistance...
Lazarus, a group of hackers who are allegedly backed by North Korea, is now reportedly attacking crypto and blockchain talent through major professional social network, LinkedIn.According to a report by the Finnish cyber security and privacy firm, F-Secure, the latest Lazarus attack was made through a crypto-related job...
After the May 11 halving, some skeptics speculated that miners would capitulate or that the entire process would enter a death spiral. Fast-forward three months and the Bitcoin (BTC) hash rate is at a record high.An all-time high hash rate and a stable Bitcoin mining industry are both...
The statistics for total value locked, or TVL, in decentralized finance are being rocked by Aave (LEND), a lending protocol that has now taken MakerDAO’s mantle as the most popular destination for Ethereum-based assets.According to data from DeFi Pulse, Aave holds $1.44 billion in assets as of press...
Since the advent of blockchain technology in 2008, we have seen an ongoing sense of fortune, and several industries have been, and still are, grateful participants. The enormous boom will undoubtedly cause many other businesses to come aboard this train and completely step up their operations.Food industryBlockchain tech...
The Chinese Communist Party has identified blockchain as a key tool for its innovation of nationwide social services.On Aug. 25, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued a lengthy policy paper that provides...
Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements.In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime reporting obligations to include all crypto asset exchange and custodian wallet providers.The regulator says that...
Blockchain-enabled approaches to advancing the transition to renewable energy sources are making inroads in new regions.On Aug. 25, Australian blockchain firm Power Ledger announced its forthcoming launch of a marketplace for trading renewable energy certificates (RECs) across Thailand and the Southeast Asian region.The project builds on Power Ledger’s...
The People’s Bank of China is planning to put its digital currency to use at the 2022 Winter Olympic Games in Beijing.According to a Reuters report, Sun Guofeng, the head of the monetary policy department at PBoC, said that the bank does not have a timetable for the...
Singer and entrepreneur Akon will be endorsing crypto venture capitalist and independent candidate for U.S. President Brock Pierce — and also joining his 2020 campaign team.According to online news outlet Cheddar, J.D. Durkin reported on Aug. 24 that Akon will be serving as the chief strategist for Pierce’s...