Bitcoin Price Drops by $700 in Minutes After Failing to Crack $11K

Bitcoin (BTC) price faced fresh bearish sentiment Aug. 21 after a rejection of $11,000 sent markets tumbling hundreds of dollars in minutes. Market visualization. Source: Coin360 $9K Levels on horizon for Bitcoin price Data from Coin360 shows BTC/USD topping out at just under $10,900 before reversing. Hours later, a...

Bitcoin Price ‘Will Struggle’ in Big Financial Crisis, Says Investor

Spencer Bogart, a general partner at venture capital firm Blockchain Capital, thinks that Bitcoin (BTC) will be a safe haven in the long term. However, he has a nuanced view of how BTC price will play out with respect to various economic events. Bogart shared his views during an...

Bitcoin Lightning Network Implementation C-Lightning Gets an Upgrade

Blockchain development company Blockstream announced the release of version 0.7.2 of its scalability software c-lightning. On Aug. 20, Christian Decker, a blockchain researcher at Blockstream, announced the new release on Twitter. According to the post, the latest version of c-lightning supports dynamic plugin management as well as “the upcoming...

Blockchain Firm TZero Adds Ravencoin to Supported Cryptocurrencies

Blockchain company tZero added Ravencoin (RVN) to the list of cryptocurrencies supported by its tZero Crypto cryptocurrency wallet and trading app. Ravencoin now supported on the tZero app TZero announced in a press release published on Aug. 20 that Ravencoin will be joining Bitcoin (BTC) and Ether (ETH) among...

Kraken OTC Desk Head: Trading Volume Has Increased 2,000% Since 2018

Nelson Minier, head of over-the-counter (OTC) trading at major cryptocurrency platform Kraken, has stated that the OTC desk’s trades per month have increased by a factor of 20 since the beginning of last year. Minier gave his remarks in an episode of The Block’s podcast, The Scoop, on Aug....

Austrian Telecom A1 Accepting Crypto in Select Shops Using Salamantex

Major Austrian telecom operator A1 has started accepting cryptocurrencies as payment in seven selected shops in Austria. Six cryptos accepted Starting from Aug. 19, A1 customers can pay for network services in selected A1 branches using six major cryptos: Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC), Stellar (XLM) and...

Facebook-owned WhatsApp Looks to Launch Digital Payments in Indonesia

Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms as well as a state-owned bank to launch digital payment services in Indonesia.  Reuters reported that they had learned of this development from anonymous sources on Aug. 20. According to the report, WhatsApp is currently...

ICO Rating Settles With SEC Over Alleged Anti-Touting Violations

The United States Securities and Exchange Commission (SEC) has charged Russian analytical agency ICO Rating for $268,998 for violating anti-touting provisions, according to an announcement on Aug. 20. In the announcement, the SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of...

Experts: South Korean Crypto Projects Look to Leave the Country

The number of South Korean digital currency projects leaving the country to list their products on foreign exchanges is increasing, experts say. South Korean news outlet Business Korea reported on Aug. 19, that industry experts have noticed a surge in cryptocurrency and blockchain-focused projects seeking to list their early-stage...

Bitfinex and Tether Respond to New York Judge, Will Pursue Appeals

Bitfinex and Tether have replied to Judge Joel Cohen’s recent ruling in the New York Attorney General (NYAG) ongoing case against companies. Cohen dismissed Bitfinex’s motion to throw out the case due to lack of jurisdiction, so the NYAG will continue to prosecute the companies via the Martin Act....