Bakkt Futures are Not Backed by Bitcoin

Bakkt’s arrival was supposed to be rocket fuel for the number one cryptocurrency. Even with Bakkt’s growing volume, the demand has not translated into bullish bitcoin prices. Institutions participating through Bakkt are trading on leverage instead of taking physical delivery of bitcoin. Many crypto enthusiasts saw Bakkt’s entry earlier this year as a bullish driver. […]

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ZClassic (ZCL) Suddenly Skyrockets Over 60%; Here’s Why

Privacy-centric Zclassic (ZCL) is skyrocketing after its founder Rhett Creighton decided to “put more ZCL in the hands of people.” Rhett Creighton offers 1,000 ZCL to his followers. | Source: Twitter In the last 24 hours, ZCL jumped over 60% to hit a high of $0.45. The bullish momentum appears to be correlated with the […]

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Feds Nab Two Suspects in Alleged $550K Crypto-Fueled Scam

Two men have been charged with carrying out a nationwide cyber scheme. The U.S. DOJ alleges the men stole, or tried to steal, more than $550,000 in cryptocurrencies. The case comes in the wake of an uptick in cybercrime. Two Massachusetts men were arrested on Thursday and charged with carrying out a nationwide scheme to […]

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Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

Bakkt launched its institutional custody services. The Bakkt Warehouse launched with a robust insurance policy and a range of clients. Bakkt’s daily trading volume is picking up. Bakkt, a bitcoin futures exchange backed by the Intercontinental Exchange (ICE), announced that it is launching custodial services for institutional enterprises. This is not the first organization to […]

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Bitcoin Hater Peter Schiff Is the Gold Bug Who Cried Wolf

Peter Schiff is once again making apocalyptic bitcoin price predictions. This isn’t the first time the famous gold bug has sounded the alarm on the crypto market. Are crypto investors right to treat him like the boy who cried wolf? Peter Schiff has remained active on Twitter lately, chiming in on the Fed’s ballooning balance […]

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Ripple (XRP) Skates Market Slump with 27% Surge in 3-Day Rally

The price of XRP, the native cryptocurrency of Ripple’s blockchain network, has increased by 27% in 3 days. The rally of XRP comes during a period in which most major cryptocurrencies have been struggling against the U.S. dollar amidst a market pullback. The XRP price has increased by 27% in 3 days against the USD […]

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Bitcoin Price Target Sinks as Traders’ Gloom Worsens

A short term trend reversal for bitcoin has become increasingly unlikely for bitcoin following a 5% drop in less than three days. Since October 1, the bitcoin price has fallen from $8,532 to $8,100 against the U.S. dollar. Technical analysts anticipated a relief rally to key resistance levels found at around $9,000 as bitcoin initially […]

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Mark Cuban’s Bizarre Bitcoin Rant Includes Baseball Cards and Bananas

Tech billionaire and Shark Tank personality Mark Cuban launched a savage takedown of bitcoin in a Wired video this weekend. He reeled off a list of well-trodden criticisms of the cryptocurrency, comparing it to baseball cards and slamming its ‘lack of intrinsic value.’ In a truly bizarre statement, he said he’d rather own bananas than […]

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‘Big 4’ Giant PwC Accepts Bitcoin in Filthy-Rich Tax Haven Luxembourg – CCN Markets

PwC Luxembourg will accept your bitcoin for services rendered. | Source: Shutterstock The Luxembourg unit of the Big Four accounting firm PricewaterhouseCoopers has announced that its clients will be able to pay for services in Bitcoin a month from now. In a press release, PwC Luxembourg indicated that it will begin accepting Bitcoin payments from […]

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