The Watchlist: Three Potential Cryptocurrency Hubs Around The World

Within the last year, we’ve seen the coveted wealth that cryptocurrency has brought to many. Unlike brokerages, central banks, and other mainstream financial products, cryptocurrency and blockchain technology propel the world towards anonymity and security. Because of this, many crypto advocates wonder where the next hub will be. Will it be somewhere cold with low electricity costs for currency mining, or tropical with a Wall Street, ritzy feel? This answer is all the above. Countries around the globe are racing to build an ecosystem around digital assets and blockchain technology.…

Fundstrat’s Robert Slyumer: Bitcoin Must Rally Through $6,300

Speaking on CNBC yesterday, Fundstrat’s Robert Slyumer has given his opinion on the BTC charts. He believes that the current Bitcoin downtrend can only be reversed if the coin creates a short-term break, through the $6,300 mark. The Bitcoin analyst studied the Bitcoin 15-day moving average charts from May and said: “It really is a no-man’s land from a trading standpoint. I think if you’re a very short-term trader… we have a critical stop level at the $5,800-6000… with a resistance level of $6,300-6400. If it can rally through that, I…

Bitcoin Airdrop and Azul App to Send Millions in Bitcoin to Venezuela

Can a Bitcoin Airdrop help the people of Venezuela? The country is considered one of the world’s most oppressive monetary states. Unfair practices implemented by its government to maintain control of its people has resulted in the following; “severe shortages of medicines, medical supplies, and food have intensified since 2014, and weak government responses have undermined Venezuelans’ rights to health and food. Protesters have been arbitrarily detained and subject to abuse by security forces.” — as reported by The Human Rights Watch World Report in 2017. But can cryptocurrency change all this? Developer…

Bank of England Warns Executives of Crypto Risks – An Important Reminder

Bank of England crypto opinion: Earlier this year financial and political institutions in the United Kingdom decided to respond to claims that the crypto industry has risks attached to it. This would not be the first time the UK spoke on this topic. On Thursday, June 28th, the Bank of England was the latest institution in the country to address crypto risks. Bank of England Crypto Opinion: Risk Warning In March of this year, the UK Central Bank discussed the topic of cryptocurrencies at a conference in Edinburgh, Scotland. The gist…

Will Facebook Acquire Coinbase? Cryptocurrency Ad Ban Removed

Facebook acquiring Coinbase: Back in January of this year, Facebook banned cryptocurrency advertising on its platform. This move was in response to many other platforms banning ICO and cryptocurrency type advertisements – in the hopes of protecting its users from deceptive financial products and services. It seems the platform has once again shifted its stance on cryptocurrency. This Tuesday, the social media giant announced that it has updated its policy and will allow cryptocurrency advertisements once more. The company will allow pre-approved advertisers to run ad campaigns, but Facebook will…

$14 million worth of BTC, ETH, BCH, and XRP Stolen from Bithumb Hack

Bithumb hack: Last week, the world’s 11th largest cryptocurrency exchange by its 24-hour trade volume, Bithumb, announced that it had been hacked. The initial reports suggested that close to 35 million Korean won ($31 million USD) had been taken from its platform. Several cryptocurrencies were stolen, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH). The original translated tweet read: “[Urgent notice] to stop the front of the withdrawal service password please stop the money transfer. Today, about 35 billion in the morning, the size of the password was…