There’s a Key $12 Million Buy Wall Boosting Bitcoin’s Immediate Outlook

After attempting to break below $9,000 on Sunday, Bitcoin has mounted somewhat of a comeback. As of the time of this article’s writing, the cryptocurrency trades at $9,350. This is the highest BTC has traded in over a week. BTC price chart from TradingView.com While some doubt it can make it past the imminent $9,500 resistance, buyers are stepping in en-masse to support price action. This supports the chances that BTC rallies higher in the days ahead. Related Reading: Crypto Tidbits: Bitcoin Stalls at $9k, Cardano Shelley, Elon Musk &…

FCA Research Says 2.6 Million UK Residents Have Bought Crypto

The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million U.K. consumers have bought cryptocurrency “at some point.” On June 30, the FCA published the results of its latest research into how consumers interact with crypto markets in the U.K. It found that 1.9 million people — 3.86% of the general adult population (18+) — currently own cryptocurrency.  This presents what the FCA considers to be a “statistically significant increase,” up from 3% in the last FCA consumer research report in 2019.  The increase brings the total number of…

Mining Giant BHP Completes $14 Million Iron Ore Trade Using Blockchain

The world’s largest mining company BHP Group announced today that it completed a $14 million iron ore trade using a blockchain platform developed by the Canada-based technology company MineHub Technologies.  The transaction was carried out between BHP and  China Baowu Steel Group, a subsidiary of the world’s largest steelmaker China Baoshan Iron & Steel, commonly known as Baosteel. BHP made the announcement regarding the trade last month saying it was planning to execute a blockchain-based iron ore trade with Baosteel. During the trade, BHP used the blockchain platform to digitally…

Innovation Grant Worth $15 Million to Encourage Asian Blockchain Startups

Building Cities Beyond (BCB) Blockchain, a Singapore based tech solution company for smart cities, has launched an innovation grant, worth $15 million, to encourage development on its ecosystem, according to Fintech News Singapore. This innovation grant comes as the company announced partnerships with leading accelerators in Asia to incubate selected projects. Targeting Asian projects The BCB Innovation Grant is said to target up to 1,000 projects within Asia. The $15 million grant will cater to technology startups in the region, with grant participants also gaining access to BCB workshops and…

$20 Million in BitMEX Longs Wiped as Bitcoin Crashes Below $9,000

After weeks of consolidation, Bitcoin decisively broke below $9,000 just minutes ago. The cryptocurrency dipped as low as $8,840 on leading spot exchanges and slightly lower on margin-enabled exchanges like BitMEX. BTC price chart of the drop from TradingView.com This move caught many traders off guard, according to derivatives data. Skew.com reported that more than $20 million worth of longs on BitMEX alone were liquidated during this move lower. This adds to the approximately $50 million in longs liquidated earlier this week as the cryptocurrency slid from ~$9,400 to $9,000.…

12 Lessons From Winning and Losing $12 Million in Crypto

Over the last few years, I gained over $12 million dollars investing in cryptocurrencies. I did not take a single profit until they maxed out at a hundredfold at the very peak of the market in December 2017. The timing was perfect, I nailed it. However, I only took a small percentage of those gains to then reinvest in a blockchain startup.  Then, the market crashed on me. I didn’t sell or de-risk my positions. If anything, I participated in pre-ICOs, adding more risk — and losses — to the…

Bitcoin-Inspired Web Comic Bulltardia Hides 10 Million Satoshi Prize

A serialized web-comic called Bulltardia is hiding twelve keys which form a seed phrase for a Bitcoin (BTC) wallet containing 0.1 BTC. The first two episodes are included in volume three of the Bitcoin culture fanzine, Citadel 21. There have been a number of opportunities for those who like cryptic puzzles and free Bitcoin, from early treasure hunts through the streets of Barcelona, to clues hidden in graffiti art and even an album full of music. Now, especially for those who like comic books and graphic novels, comes another opportunity…

Ransomware Gang Seeks Million Dollar PayDay

A malware group called Evil Corp is reportedly back in action, having recently launched a new ransomware which asks its victims to pay a million dollar ransom. The group had previously gone quiet after the U.S. Department of Justice charged some of its members in December 2019. According to a report published on June 23 by the cybersecurity firm Fox-IT, a division of NCC Group, Evil Corp has been active since 2007 — the group is considered to be one of the biggest cybercrime teams on the internet. They are…

PlusToken Moves $67 Million to Unknown Wallet, Signalling a Potential EOS Dump

A wallet associated with alleged crypto Ponzi scheme PlusToken has moved 26,316,339 EOS tokens (worth over $67 million as of press time) to an anonymous crypto wallet created less than 24 hours ago. The transaction was spotted by tracking service Whale Alert earlier today. PlusToken is believed to be one of the largest scams in the cryptocurrency history, as it reportedly held almost $3 billion worth of assets including Bitcoin (BTC), Ethereum (ETH) and EOS when it went bust in June last year. Launched in May 2018, PlusToken acted as…

OmiseGO’s Parent Company SYNQA Raised $80 Million in Series C

SYNQA, the parent company of OmiseGo formerly known as Omise Holdings, raised $80 million in a fundraising round for new cashless payment ventures. In a June 22 announcement, Thailand-based fintech company SYNQA stated it had raised $80 million in a Series C funding round led by Siam Commercial Bank subsidiary SCB 10X and the Asia-based venture capital group SPARX. Other investors included the Japan-based Toyota Financial Services Corporation, Sumitomo Mitsui Banking Corporation, SMBC Venture Capital, and the Aioi Nissay Dowa Insurance Corporation. According to a press release from SYNQA shared…