Bitcoin (BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning’s market open. Despite the price move, the BTC outflow (net withdrawals) from exchanges has continued a multi-month trend, particularly on…
On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how…
A new poll from Newsweek suggests that as many as 10.8 million Texans may support legislation making cryptocurrency legal in the next election.According to a Sept. 20 report, a Newsweek poll which surveyed more than 9,700 eligible voters across ten U.S. states suggested that 37% of Texas residents would vote in favor of a ballot measure to make crypto legal,…
The Bitcoin.com Team is excited to announce the integration of ERC-20 tokens into the Bitcoin.com Wallet. That means anyone can now buy, sell, receive, store, trade, and send ERC-20 tokens with the convenience and security of the industry’s most user-friendly non-custodial wallet. ERC-20 Tokens? ERC-20 is the standard protocol for creating tokens on the Ethereum blockchain. There are over 450,000…
The cryptocurrency market faced a fresh round of selling on Sept. 20 as global financial markets fell under pressure thanks to fears surrounding the potential default of Evergrande Group, a China-based real estate company whose collapse could send ripples across equities markets. Data from Cointelegraph Markets Pro and TradingView shows that the early morning sell-off in Bitcoin (BTC) intensified into midday as the…
Cryptocurrency assets held by institutional managers rose for a fifth consecutive week, a sign that market participants had once again flipped bullish on Bitcoin (BTC) and the leading altcoins. Investment flows into crypto products totaled $42 million in the week ended Sept. 19, with Bitcoin funds seeing inflows of $15 million, according to digital asset manager CoinShares. That’s only the third…
Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to 11-year lows and many analysts and economists are concerned about a possible credit contagion. Credit problems with China’s real estate industry have affected global markets a great deal as European…
The crypto markets and the U.S. equity markets sold off today on fears that the collapse of Chinese property giant Evergrande could not only hurt China but also have wider implications in other markets.When the sentiment is bearish, traders dump positions that they perceive as risky in favor of safe-haven trades. This could be one of the reasons for the…
Data from blockchain analytics firm Chainalysis suggests that Bitcoin (BTC) may not be the hedge against inflation that many seem to believe it is.“Right now, we can’t show a statistically significant correlation between inflation in the US and Bitcoin prices, but we know anecdotally that many people invest in Bitcoin as a hedge against inflation,” Chainalysis’ head of research, Kim Grauer, told Cointelegraph…
A crypto investor has filed a class-action lawsuit against Apple Inc. after she downloaded a malicious application from the company’s App Store that led to the theft of her cryptocurrencies. Apple Sued Over Theft of Cryptocurrency Due to Malicious App Hadona Diep, a resident of the U.S. state of Maryland and a full-time cyber-security IT professional, has filed a class-action…
