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Pressure Piles Up on BitMEX as Recent Outage Exposes Network Holes

Pressure Piles Up on BitMEX as Recent Outage Exposes Network Holes

Once branded a “Bitcoin casino," BitMEX has plunged into a series of crises over the last few years. The crypto exchange found itself trending on Twitter in the US recently because of the recent shutdown. BitMEX announced that its trading engine went offline for over an hour because of an incident, which the exchange identified as a “major outage."After some investigation, the exchange later announced that that platform restored its online operations. Such outage of BitMEX’s trading engine is the latest in a series of negative circumstances facing the exchange. Currently, as Bitcoin price hits $10,000, the major outage has prompted warnings that the exchange is becoming increasingly unreliable. The outage left customers unable to access their funds.

One Thing Needs to Happen Before Bitcoin Booms

One Thing Needs to Happen Before Bitcoin Booms

No matter bitcoin's price or how well it performs as an investment asset, most people will not put any money into it until its price goes up for a while.

Jul 10 Trading Analysis: When bitcoin sneezes, the crypto world catches a cold

Jul 10 Trading Analysis: When bitcoin sneezes, the crypto world catches a cold

With escalating covid19 cases in some US states (esp Florida, Texas, California and etc - it's very hard to ignore that when the cases keep rising), Oil now back to below $40, lack of any macro news tonight and some technical exhaustion signs on equity indices, I think US stocks will trade weak tonight; and I think there is a likelihood that S&P will likely close near the BIG 3k level.

JPMorgan and CNBC Jim Cramer Predict S&P 500 to Rally to New Highs, Bullish Bitcoin Trend to be Expected

JPMorgan and CNBC Jim Cramer Predict S&P 500 to Rally to New Highs, Bullish Bitcoin Trend to be Expected

JPMorgan predicts that equities could rally 47% from here, after its 40% rebound from its lows in March, hinting at a possible Bitcoin bull run. Strategists at JPMorgan recently suggested that Bitcoin successfully passed its “first stress test” during March’s global economic crisis.

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain

Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain.

DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal

Despite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.

PwC: Crypto M&A and Fundraising in Asia Reports Major Growth

PwC: Crypto M&A and Fundraising in Asia Reports Major Growth

PwC previewed its latest white paper—PwC Global Crypto M&A and Fundraising Report—last Thursday at CoinDesk’s Invest: Asia event. This is the first report by PwC on the broader crypto ecosystem, but the firm will continue to publish updates twice a year moving forward.

IMF Educational Cryptocurrency Video Receives Backlash from Bitcoin and Crypto Experts

IMF Educational Cryptocurrency Video Receives Backlash from Bitcoin and Crypto Experts

A video posted by the International Monetary Fund (IMF) on its social platform has generated a lot of criticism from the cryptocurrency community.

MicroStrategy CEO Says the Software Firm Is Considering Equity or Debt Financing to Purchase More Bitcoins

MicroStrategy CEO Says the Software Firm Is Considering Equity or Debt Financing to Purchase More Bitcoins

MicroStrategy CEO Michael Saylor has said that he is considering issuing more debt to enable the company to buy more Bitcoins. He stated that it makes sense to purchase as much of the asset class as they can.

Bitcoin’s Present Bull Run Has Been Extraordinary Compared to the 2015-2017 Bull Cycle - Peter Brandt

Bitcoin’s Present Bull Run Has Been Extraordinary Compared to the 2015-2017 Bull Cycle - Peter Brandt

Veteran market analyst and trader Peter Brandt has analyzed Bitcoin's current bullish momentum and compared it to the 2015-2017 bull cycle.

Google Web Searches for Bitcoin Hit a Historic Low with Nigeria Still Leading

Google Web Searches for Bitcoin Hit a Historic Low with Nigeria Still Leading

The Global web search data from Google Trends indicate that there has been a decline in recent times as it has recorded an all-time low since October 2018. Even in the midst of the activities going on in the global scene we see that some African countries have been leading with Nigeria recorded as the country with the highest level of Bitcoin searches, followed by South Africa and Ghana respectively.

Ripple and MoneyGram Partnership Ends amid SEC Lawsuit

Ripple and MoneyGram Partnership Ends amid SEC Lawsuit

Ripple and MoneyGram’s partnership through which they furthered remittance services using XRP and Ripple technology has officially ended.

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