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Blow To Bitcoin As Coinbase Crashes In Sudden Meltdown

blow to bitcoin as coinbase crashes in sudden meltdown

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Bitcoin investors yesterday cheered the bitcoin price soaring over $10,000 per bitcoin (again)—though their celebrations were short lived.The bitcoin price, after a number of recent runs at the psychological $10,000 level, surged to highs of $10,430 on the Luxembourg-based Bitstamp exchange on Monday evening only to crash back less than 24 hours later.
However, users of major U.S. bitcoin and cryptocurrency exchange Coinbase were left on the sidelines of the virtual trading floor after the exchange crashed offline just as the bitcoin price began to climb—and not for the first time.
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Bitcoin and cryptocurrency exchange Coinbase has developed a reputation for falling offline every … [+] time the bitcoin price makes a major move.

Coinbase

“We are currently experiencing intermittent downtime,” Coinbase told users just as the bitcoin price leaped over $10,000—reporting it was “back up and running” a little over an hour later.

The importance of Coinbase, by far the largest U.S. crypto exchange, to the bitcoin and cryptocurrency ecosystem shouldn’t be underestimated.
As well as being one of the most common ways Americans are introduced to bitcoin and crypto, Coinbase is the largest bitcoin holder among …

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Cryptocurrency Crime Losses Surge to $1.4 Billion YTD in 2020

cryptocurrency crime losses surge to $1.4 billion ytd in 2020

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Losses from cryptocurrency thefts, hacks, and frauds netted $1.4 billion in the first five months of 2020, swelled by a Chinese-based crypto Ponzi scheme called Wotoken, according to a report from blockchain forensics company CipherTrace.The figure suggests that 2020 could record the second-highest value in losses linked to cryptocurrency crimes. In 2019, crypto crimes proceeds surged to $4.52 billion, up 160 percent from 2018’s total of $1.74 billion.The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets InnovationCryptocurrency user and investor losses increased due to the abundance of cross-border transactions, which accounted for 74 percent of the bitcoins moved in exchange-to-exchange trades. Out of this figure, analysis further revealed that users of Bitcoin ATMs in the US sent 88 percent of their transacted funds to offshore, high-risk exchanges.According to CipherTrace’s report, the majority of the funds were linked to investment scams and Ponzi schemes. Although both scam categories represented a majority of the funds cryptocurrency scammers obtained, they didn’t account for the full losses. Apart from them, they also used blackmailing, fake cryptocurrency mixers, phishing, and fake token sales.Other highlights show that Finnish exchanges maintained its top ranking as the most preferred destination for criminally-sourced BTC funds. Nearly 12 percent of all dirty …

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AI Trading Platform Tickeron Unveils Cryptocurrency Market Forecasting And Pattern Analysis – EnterpriseTalk

ai trading platform tickeron unveils cryptocurrency market forecasting and pattern analysis – enterprisetalk

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Tickeron, an artificial and human intelligence platform delivering unparalleled trading insights and analysis, introduces its Intraday Pattern Feed for cryptocurrency trading. Paired with Tickeron’s Trend Prediction Engine, the Intraday Pattern Feed uses artificial intelligence to scan hundreds of cryptocurrencies in search of patterns which indicate buy or sell signals.
Tickeron’s technology has an established track record in the cryptocurrency market, which includes accurately predicting the 2018 Bitcoin crash within two percent of the actual decline. Three weeks in advance of the crash, Tickeron projected with 88.78 percent confidence that Bitcoin, which had been trading at over $11,000, would experience a 40.53 percent decline to prices below $6,000. The actual crash was remarkably close to their target, with prices at $6,914 resulting in a 39 percent decline. In this instance, the artificial intelligence was able to predict the crash by accurately identifying a “Broadening Bottom Pattern” that signaled the substantial drop in price that took place. All of Tickeron’s Bitcoin predictions, past and present, are available here.
The same valuable technology is making cryptocurrency trading analysis much more accessible to investors. Once the user selects patterns and choses their minimum confidence level, the work is done for them. Tickeron’s artificial intelligence then predicts breakout …

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My Answer to J.K. Rowling on What Cryptocurrency Is

my answer to j.k. rowling on what cryptocurrency is

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To paraphrase a famous financial services commercial from the 1970s and 1980s, when J.K. Rowling asks, people answer. When the famed author of the Harry Potter series of books requested an explanation of bitcoin on Twitter in May, hundreds of people raced to reply. Among the repliers was Elon Musk, who took time off time off from preparing for the launch of the rocket of his company SpaceX to make the first private manned launch into space. (The SpaceX rocket successfully launched on May 30.)

Rowling’s query began when she injected herself into a Twitter conversation between Leigh Cuen, a journalist for the cryptocurrency news site Coin Desk, and technology lawyer Marvin Ammori. Rowling tweeted to Cuen and Ammori, “I don’t understand bitcoin. Please explain it to me.”As of this writing, Rowling’s query had 3,700 retweets and 9,900 likes. And, as reported by crypto news site Bitcoin.com, “Comments immediately flooded the Twitter thread after Rowling tweeted as crypto enthusiasts seized this unique opportunity to explain bitcoin and cryptocurrency to the famous author and her 14.6 million followers.” The responses were very creative—from custom-made videos to Harry Potter analogies.

But Rowling didn’t seem to find any of …

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