Blockchain 

Bitcoin Price Plunges | Bitcoin Investors’ Joy is Shortlived

After trading above $8,000 less than a day, Bitcoin (BTC) price plunged on May 17 and it was trading at around $7,200 which is a 10% drop within a day. Other cryptocurrencies have also experienced a price drop. Ethereum dropped 7.97% to around $240 while XRP lost 15.4% and it’s trading at $0.399. The cryptocurrency industry market capitalization fell by 8% which result in about $21 billion being wiped out in 24 hours. Bitcoin Price Drop Triggered by Huge Bitcoin Sell Order The sudden decline in Bitcoin price was prompted…

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Blockchain 

Chinese Investors Jump on Bitcoin’s Bull Trend but at a Higher Price

Cryptocurrency investment is on the rise right now, especially due to the recent Bitcoin uptick. BTC’s recent climb attracted Chinese investors, but they’re paying a premium price because they have to pay extra to purchase over the counter. China previously banned cryptocurrency exchanges from operating within its borders and also banned crypto trading. However, Chinese crypto investors have been using OTC platforms to access the cryptocurrency markets. The downside is that they have to purchase Bitcoin and other cryptocurrencies at a higher price than the officially listed market value. Some…

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ICOs 

ICO Scams | FBI Attempts to Educate Investors on ICO Red Flags

The United State Federal Bureau of Investigation (FBI) has taken it upon itself to educate investors on ICO scams. The Bureau didn’t release an official statement, however, the news was shared in an interview with The Paypers this morning. ICO Scams with the FBI The investigator being questioned in the interview remains unknown at this time, but the answers are said to reflect the Bureau as a whole. According to the FBI, there are several key things to look out for to tell if an ICO is a scam. The first…

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Cryptocurrency 

Fake Bakkt Website Emerges but Fails to Scam Crypto Investors

A new Bitcoin (BTC) scam website has emerged. Back in 2017, when the cryptocurrency market hit mainstream news, scam sites began blowing up. Since everyone was so desperate to get their hands on digital currency or invest in a project that could give them 10X the return, the scammers often won. Now, cryptocurrency investors are much more cautious, and this new fake Bakkt website was easily identified. Fake Bakkt Website Caught In August of 2018, the Intercontinental Exchange (ICE) announced Bakkt would be launched in late-January 2019. ICE currently operates…

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