Latest Market News
The IOTA mainnet has been halted by the IOTA Foundation (IF) after multiple users reported that their funds were stolen after using the Trinity wallet, one of the most popular ways to store IOTA. IF co-founder Dominik Schiener says the current estimates point to between $300,000 and $1.2 million in losses. The IF is already in contact with multiple victims to collect more information on the attacks.
The blockchain-powered Chiliz has scored a partnership with yet another major sports club – the company has announced that Spanish football powerhouse FC Barcelona will launch a fan token on the company’s Socios platform. Chiliz says the tokens will become available in Q2 of this year. 40 million tokens will be created, and they will initially be selling for €2 apiece (about $2.17).
The Coinbase Pro cryptocurrency exchange has re-introduced crypto margin trading for users, although the service will initially only be available to users that reside in 23 US states. Compared to some other exchanges on the market, Coinbase Pro has opted for a conservative approach, limiting the maximum leverage allowed to 3x.
Bitcoin has fallen by a small 1% today as the world's largest cryptocurrency failed to break above the $10,400 level. Bitcoin has seen a pretty nice 21% price increase over the past 30-days of trading which resulted in the Bitcoin price breaking the $10,000 level.
Let’s face it, we all know that there is a risk associated with trading on centralized cryptocurrency exchanges. The main risk is a threat for an outside attacker to hack into the exchange's systems and steal funds from the exchange’s wallets. This has been a major problem for the industry that dates back to the infamous Mt GOX hack during June 2011, causing a major price dump in Bitcoin at the time.
As we move through the second month of the year, a number of projects are embarking on renewed roadmaps, and this week’s choices are set to benefit from significant developments and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective cryptocurrency over the coming weeks.
Bitcoin has increased by 3.32% over the past 24 hours of trading, bringing the price for the cryptocurrency back up above the $10,000.
While traditional financial institutions, especially central banks were once strictly against the adoption of digital currencies, ironically enough, nowadays the issuance of a series of central bank digital currencies (CBDCs) is the only thing banks discuss on a regular basis.
Ten years running, and blockchain is still firmly in the discussions of being potentially as disruptive as the internet. How true are the comparisons?
The US Marshal Service has announced it would be auctioning off more than 4000 bitcoins this month, as registration kicks off.
