Blockonomi News

Private City in Norway Liberstad: Ditches Cash for its own Cryptocurrency

A world in which traditional fiat currencies are ditched and subsequently replaced by cryptocurrencies is nothing short of a utopia for some in the blockchain asset sphere. Whilst we are nowhere near such a visionary dream, a ‘Private City’ in Norway has just announced that is has completely removed the ability to use fiat currency …

Blockonomi News

Bitcoin Bull Tim Draper Says JP Morgan Crypto Is “Great News”

Last week, the crypto community at large was shocked when JP Morgan, the world’s sixth largest bank, unveiled plans to launch its own digital asset. Per previous reports from Blockonomi, the Wall Street bank’s blockchain division lead, the so-called “JPM Coin” will be backed by physical U.S. dollars and will first be based on Quorum, JP …

Blockonomi News

Bullish Sentiment Back? Cryptocurrencies Rally on ‘Green Monday’

The cryptoeconomy saw a series of stark selloffs across the board in 2018, and general rallies in its markets have been few and far between since then. Accordingly, traders perked up on Monday, February 18th, as the top 25 cryptocurrencies were all in the green on the day, several markedly so. Ether (ETH), the second …

Blockonomi

Ripple (XRP) Price Analysis: Charts Accurately Predicted Bounce, Now What?

Ripple price surged higher and traded close to the $0.3400 resistance. XRP moved into a bullish zone and it could continue to accelerate towards the $0.3500 and $0.3550 resistances. Ripple price gained bullish momentum and broke the $0.3220 resistance area. Yesterday’s bullish trend line played its part with current support at $0.3285 on the 30-minute …

Blockonomi

Ethereum (ETH) Price Analysis: Gains Are Slowing But Not Likely Over

Ethereum price climbed further and broke the $146.00 and $150.00 resistance levels. ETH/USD traded close to the $154.00 level and it is currently correcting lower towards the $144.00 support. Ethereum price remained in an uptrend and recently broke the $150.00 resistance. ETH/USD is following a solid bullish trend line with support at $147.00 on the …

Blockonomi

The Crypto Market is Rallying: Where is it Headed? (Bitcoin Price Analysis)

From Friday when the evaluation of the cryptocurrency market cap was $120,228,462,318 at the open we have seen stagnation as the evaluation moved sideways but on Sunday there was an attempt for a breakout from the range in which the evaluation was stuck and the evaluation spiked to around $123B but the evaluation pulled back …

Blockonomi News

QuadrigaCX CEO Was an Advocate for Storing Private Keys on Paper, Old Podcast Reveals

In light of the discovery of a five-year-old podcast, it would appear that the story of QuadrigaCX and its pursuit of millions in digital currencies could take yet another turn. As Blockonomi reported, Gerald Cotton, founder and Chief Executive Officer of the Canada-based cryptocurrency exchange, died of Chron’s disease while away in India. Cotten’s death …

Blockonomi News

Arrests Made in $2.47 Million Turkish Crypto Theft: Criminals Used PUBG to Communicate

It is once again unpleasant news for the security practices of third party cryptocurrency exchanges, with reports suggesting that a Turkey-based platform has suffered a multi-million dollar hack. Whilst the name of the cryptocurrency exchange in question has not been made public, Turkish publication the Daily Sabah has reported that the cryptocurrency equivalent of more …

Blockonomi News

Grayscale Reports Increasing Institutional Bitcoin Investment

Grayscale Investments has released its 2018 report showing an increase in Bitcoin investment despite the year-long bear market. The New York-based virtual currency asset management firm also said it recorded its largest annual inflow since inception even with a slightly under-performing fourth quarter of 2018. Filling up on Bitcoin Despite Prolonged Bear Market According to …