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Bitcoin Builds Support As Price Stabilizes

Bitcoin prices have started building support over the last few days, trading above a key price level after spending the last week consolidating. The cryptocurrency’s price rose to nearly $6,800 on Wednesday, July 4, before falling to almost $6,450 the next day and then fluctuating between that price level and $6,550 on the CoinDesk Bitcoin Price Index (BPI). While trading within […]

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EOS Mainnet Freezes Barely Two Days After Launch

Reports have emerged that activities on the EOS blockchain have come to a standstill with frozen transactions network wide. This development is the latest in a growing list of technical issues that have affected the EOS blockchain. In a related event, ICON, another blockchain project also encountered a bug, this time in its smart contract […]

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The Crypto Market Is Down Over 50% from 2018 Highs

The total value of all publicly traded cryptocurrencies hit a combined $366 billion today, the lowest figure observed for the market since Dec. 4, data from CoinMarketCap reveals. The more than 60-day low, however, can also be read more bearishly, as it represents a 50 percent drop from the market’s all-time high above $830 billion […]

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No Ban On Cryptocurrency, Says Malaysian Official

Local media is reporting that the Malaysian deputy finance minister, Datuk Seri Johari Abdul Ghani, has said that his nation will not make cryptocurrencies illegal and that regulations are still being considered. “Financial innovation will not only enhance productivity of economic activities, but also make financial intermediation more seamless,” Johari told The Malaysian Reserve, going […]