(Article updated at 10:30 PM Eastern Time to note new details that this might not be a new purchase) A mysterious investor supposedly spent over $3 billion to purchase nearly 133,000 Bitcoin on Aug. 10 and became one of the top three largest individual Bitcoin holders; however, community assessments of the wallet activity suggest that the investor could be an old player just moving funds. One Twitter user said they tracked the wallet address and argued that the mysterious investor is an… Source link

A pollution-spewing version of the Ethereum blockchain will live on after the main smart contract platform switches to an environmentally friendlier, far more scalable technology next month. Just don’t try to buy anything on it. Crucially, the two top stablecoin issuers, Tether and Circle, announced on Tuesday (Aug. 9) that their dollar-pegged tokens will only support the new proof-of-stake (PoS) Ethereum 2.0 blockchain that will emerge after the long-awaited “merge” happens on Sept…. Source link

Alex Dovbnya Bitcoin experienced a bout of volatility due to lighter-than-expected inflation data. The price of Bitcoin (ETH), the leading cryptocurrency, surged to an intraday high of $24,010 on the Bitstamp exchange at 12:48 a.m. UTC. Ethereum (ETH) and other top altcoins also spiked sharply higher.  The most recent spike came after cooler-than-expected inflation data. The headline consumer price index (CPI) for the previous month increased by 8.5%, which is below analysts’… Source link

There are constantly new cryptocurrencies entering the market. While most of them end up disappearing as fast as they came, others are worth the attention. Proprivex (PPX) is a new cryptocurrency with promising features that are sure to turn heads in the crypto market. The token was developed to solve several problems that the blockchain is faced with. Just like Litecoin (LTC), Proprivex (PPX) intends to be a game changer. This article takes a look at the… Source link

Bitcoin was trading at $35,000 early this year and experienced multiple crashes almost every month. BTC’s price slashed to half in June after it plummeted to $18,000 dragging the entire crypto markets down with it. Leading cryptos are down more than 65% from their all-time highs and shed all profits they generated last year. However, despite the markets tanking, a majority of investors seem to be unfazed by the crash. A recent survey published by Civic Science indicates that the majority… Source link

“Often, you just don’t know within four days what the real facts are,” he said. As written, the proposed SEC rules essentially require companies to “make very important decisions with very little information.” Meanwhile, another federal agency — which has its own set of cyber incident reporting regulations in the works, separate from the SEC’s — has been carrying itself much differently, according to Simonis and numerous others in the security community. The Cybersecurity and… Source link

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. The cryptocurrency industry has seen its fair share of promising crypto projects over the years. The competitive nature of the industry makes it so that only an exceptional project stands out. After careful consideration and observation, crypto analysts have concluded that Zompot has the potential to become the next… Source link

Data security and privacy is a critical topic that has propelled a wide range of public discourse. It is due to its evident and potential impact on everyday operations in this digital era. Blockchains adopt different protocols and methods in securing their networks.  Privatixy protocol (PXP) aims to develop a very secure blockchain protocol that could generate a lot of profit for traders. Could it ascend to the likes of Litecoin (LTC) and Cardano (ADA)?  Privatixy Protocol (PXP) Is… Source link

Bitcoin (BTC) hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “could get ugly” if CPI keeps rising Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $22,668 on Bitstamp at the most recent daily close — its lowest since Aug. 5. Bullish momentum had evaporated during the day prior, and the mood among traders was firmly risk-off as… Source link

Bitcoin had an impressive performance in July, along with major digital tokens that have hit their targets in the last four weeks. Bitcoin (BTC) increased by over a quarter, reaching $24,000, while Ethereum increased by approximately 55 percent, trading around $1,700. In the first week of July, the price of BTC led a strong increase in the price of all cryptocurrencies. Not unexpectedly, this contributed to the rise of Bitcoin mining stocks, an Arcane research… Source link