Sen. Loeffler Rejects Accusations of Improper Trading

Kelly Loeffler appeared on Fox News last night to discuss her sale of more than $1 million in equities the day after she attended a private Senate Health Commission hearing about the coronavirus on Jan 23. Loeffler was formerly the CEO of the digital asset custody service, Bakkt, and is the most-recent appointee to the United States Senate. Appearing on Fox News on March 21, Loeffler again sought to distance herself from the decision-making process surrounding her trades, stating: “I’m not involved in the decision around buying and selling, there…

Bitcoin was Designed for a Financial Crisis — So far it’s Working well

If you’ve been in Bitcoin (BTC) long enough most likely its Genesis Block has been mentioned quite a few times. If not, the image below should be self explanatory. Bitcoin Genesis Block RAW data. Source: UnB It doesn’t really matter if people consider Bitcoin as a store of value competing with gold and real estate, medium of exchange for uncensored transactions, or a potential unit of account due to its non-inflationary model. As the digital currency supporters say, “honeybadger doesn’t care” and they’re right in that sense. Most likely there…

Mt. Gox Whistleblower Alleges Shadow-Ban on Twitter for Coronavirus Analysis

Ryan Selkis, the CEO of crypto market analysis software firm, Messari, and long-time cryptocurrency commentator, has reportedly been shadow-banned on Twitter for his coverage of the coronavirus pandemic. Messari runs a tracking service that provides updates on the number of coronavirus cases globally, including state/provincial data for several countries. Ryan Selkis and Messari Appear to Stoke Twitter’s Ire Selkis posted to Messari’s website on March 20 announcing that both his personal and professional accounts had been shadow-banned on the popular social media platform, Twitter. In the post, Selkis states that…

Investors Seek Shelter in US Dollars & Bitcoin

Two of the best-performing currencies since the March 12 meltdown have been the United States Dollar and Bitcoin. In times of economic turmoil, investors shed riskier assets and acquire less volatile ones. This is known as “flight to quality.” This happened in 2008 when the global demand for U.S. government bonds resulted in negative interest rates, and may be happening now with Bitcoin. Bitcoin closed at $4,970.79 on March 12. However, on March 19, it rebounded 25% to $6,191.19.  Meanwhile, the USD has been gaining on its main competitors for…

Payment Provider NetCents Readies Cryptocurrency Credit Card for Launch

Canadian cryptocurrency payments provider, NetCents, has completed the technical integration of its consumer credit card into its proprietary ecosystem. NetCents announced March 20 that it had begun edge-case scenario testing in real-world environments in order to ready the card for launch. Not like other crypto credit cards The NetCents credit card promises users will not have to pre-load cryptocurrency onto their cards, differing from otherwise-similar products already on the market. Cards which require pre-loading can sometimes rob users of crypto value appreciation they would have otherwise received in the interim…

Fundstrat & eToro Analysts Predict Coronavirus Crisis May Strengthen Bitcoin

What has been driving recent Bitcoin price action? Or perhaps more importantly, who? And why does it matter?  Lead Digital Strategist at Fundstrat David Grider and Platinum Account Manager at eToro Simon Peters break down Bitcoin’s next move, how the coronavirus and financial crisis may impact the halving, and how Bitcoin’s fundamentals will affect its long-term prospects. Who Is Behind Bitcoin Price Movements? Bitcoin has experienced an incredible amount of volatility over the past two weeks amidst the coronavirus pandemic and global financial crises. A Chainalysis report found professional traders…

Interpol Enlists Korean Startup to Track Crypto on the Dark Web

The International Criminal Police Organisation (Interpol) has announced a partnership with South Korean data intelligence startup, S2W Lab, to analyze dark web activity, including cryptocurrency transactions. The startup announced the partnership on March 20 — with S2W Labs signing a one year contract with Interpol. Interpol sets its sights on the dark web S2W Lab claims to have “captured a massive amount of Dark Web data” and “established a Dark Web database.” The S2W examines the data using artificial intelligence to establish “links among multiple domains and among multiple timeframes.”…

SEC Seeks Early Judgement in Lawsuit Over Kik’s $100M ICO

The United States Securities and Exchange Commission (SEC) has requested an early summary judgment in its lawsuit against Kik over the messaging company’s $100 million KIN initial coin offering (ICO) during 2017. The SEC first brought its case against Kik in June 2019. The commission argued that the company’s ICO comprised a clear issuance of securities. While Kik has sought to claim that KIN comprises a currency and not a security, the SEC claims to have “undisputed evidence” to the contrary. The SEC states that: “Kik’s 2017 offer and sale…

Bye $7K? Bitcoin Price Pull-Back Likely After Impressive 80% Rebound

It has been a tremendous week for Bitcoin (BTC), as the price of Bitcoin rebounded from $3,800 to $6,800. However, a harsh rejection on Friday put a stop to the rally as the price dropped $1,200 within two hours.  These have been unusual movements from Bitcoin, as the equity markets in the United States didn’t show any strength during the week and the Dow Jones shed 4.5% on Friday alone.  Crypto market daily performance. Source: Coin360 Bullish divergence plays out on Bitcoin  As the previous article stated, a bullish divergence…

Stuck in Quarantine? Become a Blockchain Expert With These Online Courses

It seems like the entire world has been told to stay inside their homes as the coronavirus outbreak continues to wreak havoc. As a result, the world has become almost entirely digital.  A recent article from NPR showed that visits to news sites have increased by 60%, and that people are spending more time playing online video games. At the same time, online teaching platforms have started offering free, or heavily discounted, virtual courses. Below are a list of online blockchain and cryptocurrency courses worth exploring while spending time at…