The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Hackers have breached the security cover of one of the largest cryptocurrency exchanges, Binance and stole 7,000 bitcoins from the hot wallet of the exchange. Binance has said that it will provide for the loss with its Secure Asset Fund for Users. However, this shows that even the best exchanges, with top-notch security, can …

Wednesday, May 8 — having just broken new 2019 highs, crypto markets have tipped into red in the wake of yesterday’s $40 million hack of major exchange Binance. Virtually all of the top 20 cryptocurrencies are down up to 9%, yet most losses remain mild, as Coin360 data shows. Market visualization courtesy of Coin360 Despite being the cryptocurrency stolen in the Binance hack, bitcoin (BTC) is itself showing resilience, and is down a fractional 0.9% on the day to trade at $5,882 by press time, according to CoinMarketCap. After a bullish rally to brush the $6,000 mark yesterday, the top …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Though institutional players have been dabbling in cryptocurrencies, they are yet to take sizeable positions. This might change with the launch of Bitcoin trading by Fidelity. According to certain sources, the financial giant is only weeks away from offering cryptocurrency trading for institutional clients. While Bitcoin futures trading is already available, an unnamed official …

Over several hours on May 3, the price of bitcoin spiked from around $5,300 to over $5,700 in major markets, allowing the crypto market to gain more than $7 billion in a single day. Most crypto assets in the global market have substantially surged in value in the past week Source: Market visualization from Coin360 Major crypto assets such as ether (ETH), litecoin (LTC), bitcoin cash (BCH) and EOS recorded gains in the range of 4% to 8% against the United States dollar, fueling the momentum of the crypto market. Timing of bitcoin recovery is interesting The abrupt recovery of …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Intercontinental Exchange Inc (ICE) has been loading up on digital assets for its cryptocurrency platform Bakkt, according to its chief executive officer Jeffrey Sprecher. This has helped ICE buy assets at a discount, which would not have happened if the markets were in a bull phase. Sprecher expects Bakkt to start operations later in …

The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3. In a statement obtained by the website, the central bank said it had received reports of several scams targeting those who lack understanding about virtual currencies. Authorities in Myanmar, also known as Burma, say the likes of bitcoin (BTC,) ether (ETH) and litecoin (LTC) are being traded in the country through Facebook profiles as well as websites. According to the report, the central bank has stressed that the use of …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The bull market of 2017 followed by the bust in 2018 increased the popularity of cryptocurrencies. 89% of Americans have heard of Bitcoin, up from 77% in October 2017, according to a new survey by Spencer Bogart of Blockchain Capital. Another encouraging sign is that every age group has been purchasing Bitcoin. The survey …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Tom Lee, managing partner and head of research at Fundstrat Global Advisors, believes that Bitcoin is in a bull market and it is likely to make a new high in 2020. Lee has based his views on a few signs that, according to him, point to the end of the bear market. Some of …

Saturday, April 27 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day to press time. Bitcoin (BTC) has pushed just over the $5,300 mark. Bitcoin is up just under 1% on the day, trading at $5,306 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin has seen almost no change, down just under 1%. Bitcoin 7-day price chart. Source: CoinMarketCap Ether (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $16.9 billion. The second-largest altcoin, XRP, has a market cap of $12.5 …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. While various cryptocurrencies are vying to attract investors attention, stablecoins have silently gained popularity. Currently, most stablecoins are pegged to the U.S. dollar. United Kingdom-based cryptocurrency payment processor Wirex has announced plans to launch stablecoins pegged to various fiat currencies. This, according to them, will allow “for swift, international remittance without the need for …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Unlike the previous bull market, recovery this time is likely to be a long one because every higher level will bring in huge supply, causing the market to correct. We also expect the markets to take a dip intermittently to shake out the weaker hands. Many still doubt the future of this nascent asset …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Legendary tennis player Serena Williams disclosed that she has invested in cryptocurrency exchange Coinbase through her investment business Serena Ventures. South Korean investors are using low crypto prices to buy more. Their average investment has increased by about 64% compared to 2017, according to a survey by Korea Financial Investors Protection Foundation. It is …