News

Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

Gideon Geoffrey

Gideon Geoffrey is an enthusiastic writer. He admires everything about cryptocurrencies and their underlying blockchain technology.

September has always been a dramatic month for Bitcoin. The cryptocurrency recorded significant losses in the last three September. Will this year be different or will it be the same? This has become a burning question as Bitcoin continues to hit $12k and back. Going as far back as 2010 to date, Bitcoin&#8217;s price has fallen ... Read more

September Is Usually Not Profitable For Bitcoin; Will This Year Be Any Different?

https://coinfomania.com/wp-content/uploads/Bitcoin-september.webp

Home

Best Crypto to Buy Now | New Coins &amp; Presales | Next Crypto to Explode

Coinfomania

Undercover cops have arrested Peter Foster, a serial conman who has been defrauding unsuspecting victims with the pretense of being a man named Bill Dawson. Foster now faces fraud charges in the Sydney court as police allege that he netted $1.24 million worth of Bitcoin in his illegal operation using his fake identity. According to ... Read more

Serial Conman Who Allegedly Stole Nearly $1.24 million in Bitcoin Arrested

https://coinfomania.com/wp-content/uploads/peter-foster.webp

https://secure.gravatar.com/avatar/32392456f696437d60176fce03835647?s=96&r=g

WilfredMichael

Opinion

Read all the latest opinions and comments from cryptocurrency and blockchain industry experts plus the activities of financial institutions.

Wilfred Michael

As countries around the world begin the long journey of recovery from the effects of the COVID-19 pandemic, the Brazilian populace is preparing to welcome a new banknote. A Reuters report suggests that the new R$ 200 note will go into circulation before the end of August, making it the highest denomination of the Brazilian ... Read more

Brazil is Splashing the Cash to Print More Infinite Cash: They Can't Print More Bitcoins

Brazil is Splashing the Cash to Print More Infinite Cash: They Can&#8217;t Print More Bitcoins

https://coinfomania.com/wp-content/uploads/brazil-bank-note.webp

Caroline John

Caroline is a zealous writer who recently picked interest in Bitcoin and the cryptocurrency community. She's always learning about the industry and aims to provide timely and accurate information about the latest developments in the crypto space.

Bitcoin started the year on a good performance. However, the coronavirus-induced market turbulence did not spare the crypto market, which created arguments that the digital asset has failed to live up to its name as a store of value and hedge against losses during crises. Surprisingly, the crypto market quickly recovered from the March crash ... Read more

BC Group Director: Digital Assets Are Getting Stronger and There's No going Back

BC Group Director: Digital Assets Are Getting Stronger and There&#8217;s No going Back

https://coinfomania.com/wp-content/uploads/Digital-currency.webp

Obike Favour

Obike Favour is a crypto news reporter who  is also interested in digital marketing and writing.

As an introvert, she spends most of her time surfing the Internet for new ideas that will help her succeed in the digital world.

A dairy farmer is currently facing a lawsuit for allegedly blackmailing the third-largest retailer in the world, Tesco, which is a British multinational retailer, to get more than 1 million euros worth of Bitcoin. According to a YorkshirePost report, the accused had allegedly contaminated several jars of baby food in the retail stores owned by ... Read more

Dairy Farmer Blackmailed Retail Giant Tesco To Gain €1 Million in Bitcoin

https://coinfomania.com/wp-content/uploads/Tesco-Bitcoin-Blackmail.webp

Independent publicly-traded business intelligence company, MicroStrategy Incorporated announced today that it had purchased 21,454 Bitcoins, which is worth about $250 million, including fees and other expenses. The Nasdaq-listed company valued at $1.2 billion, said the purchased bitcoin is part of its two-pronged capital allocation strategy which was previously announced when the firm released its second second-quarter ... Read more

MicroStrategy Buys 21,454 Bitcoins as Part of its Primary Treasury Reserve Asset

https://coinfomania.com/wp-content/uploads/Bitcoin-reserve-asset.webp

MicroStrategy, an enterprise business intelligence (BI) application software vendor valued at over $1.2 billion, said it will add Bitcoin as part of its cash holdings, and will likely increase its exposure to the digital asset if market conditions are favorable. The new capital allocation to Bitcoin was revealed by MicroStrategy&#8217;s President and Chief Financial Officer, ... Read more

$1.2B MicroStrategy Will Hold Bitcoin as Part of its Cash Reserves

https://coinfomania.com/wp-content/uploads/Bitcoin-reserve.webp

Crypto Startup News

Lele Jima

Lele Jima is a writer by heart and a crypto enthusiast. He has been a writer for over two years.  So far, he has written on topics that cut across various industries ranging from fintech to ICT.  He hopes his words bring the desired change we crave for, which is to make the world a better place.  His pen is his might, and the sky, his starting point.

The pandemic that has wreaked havoc on countries globally has forced most financial institutions to think of ways to cushion the challenges that may arise in the future.  According to a Reuters report today, one of Japan’s top financial regulators, Ryozo Himino, has advised the country to develop a Central Bank-backed Digital Currency (CBDC), as ... Read more

Japan’s FSA Commissioner Backs the Country's Plan to Issue a Digital Currency

Japan’s FSA Commissioner Backs the Country&#8217;s Plan to Issue a Digital Currency

https://coinfomania.com/wp-content/uploads/Japan-digital-currency.webp

Abigail Michelle

Michelle Abigail is an optimist who believes nothing is impossible even if it means treading on a foreign path. This disposition has moved her to join the crypto world with the hope of contributing her bit to the ecosystem.

David Scott Portnoy, an American internet celebrity, blogger, and founder of the sports and pop culture blog Barstool Sports earlier today in a video on his Twitter page, extended an invitation to Tyler and Cameron Winklevoss. The internet celebrity mentioned that he wants the famous US-based Bitcoin personalities, fondly known as the Winklevoss twins to his ... Read more

Barstool Sports Founder David Portnoy Wants to "Buy All The Bitcoins"

Barstool Sports Founder David Portnoy Wants to &#8220;Buy All The Bitcoins&#8221;

https://coinfomania.com/wp-content/uploads/David-Scott-Portnoy-Bitcoin.webp

The US-based travel management giant CWT has just been forced to pay $4.5 million worth of Bitcoin to cybercriminals as a ransom to regain access to its sensitive computer files that were hijacked, Reuters reported Monday. Aside from the sensitive corporate files the hackers stole which contained two terabytes of files, including financial reports, security ... Read more

Travel Behemoth CWT Pays $4.5 Million in BTC as Ransom to Hackers

https://coinfomania.com/wp-content/uploads/Bitcoin-hack-1.webp

Guest Author

This is a guest author and not a team member at Coinfomania.com. Hence, views and opinions in the article are strictly theirs.

Jeremy Rubin is the latest Bitcoin Core developer to receive a grant from 100x Group, the parent company behind BitMEX. The new award is valued $50,000 and is framed within a one-year support program for open-source development by Jeremy Rubin, who is one of the renown Bitcoin developers and currently works at Judica Inc. The ... Read more

New BitMEX Operator, 100X Awards $50,000 Grant to Bitcoin Developer Jeremy Rubin

https://coinfomania.com/wp-content/uploads/2019/08/BitMEX.webp

Crypto Exchange News

The official Twitter accounts of leading cryptocurrency exchanges, Binance, Gemini, and Kucoin were just hacked in the hours leading up to press time. The new hosts are using the account to promote a fake 5000 BTC giveaway and it remains to be seen whether Binance, Gemini, or KUCOIN will reclaim the account soon. A message ... Read more

BREAKING: Official Binance, Gemini, and KUCOIN Twitter Handles Hacked For Fake Giveaways

Mustapha Azeez

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

Bitcoin is consolidating slowly above $9,200 support. The price movement is insignificant as it is characterized by small body candlesticks namely the Doji and Spinning tops. In the last one week, the exponential moving averages are horizontally flat.On the 4- hour chart, Bitcoin is trapped below $9,300 resistance but above $9,100 support. For the past ... Read more

Bitcoin (BTC) Consolidates Above Critical Levels as the Market Gets Choppy

https://coinfomania.com/wp-content/uploads/Bitcoin-consolidating.webp

Crypto Mining News

The Malaysian Energy Commission and the Tenaga Nasional Bhd (TNB), one of the largest electricity suppliers in the country, have raided two illegal cryptocurrency mining premises on the ground of electricity theft.  According to a report on local news outlet, The Malay Mail, the operation which lasted for two hours today was carried out by 67 security ... Read more

Malaysia Cracks Down On Illicit Crypto Mining Operations 

https://coinfomania.com/wp-content/uploads/Crypto-mining.webp

A new Bitcoin song, &#8220;Banksters Paradise,&#8221; a parody of Coolio&#8217;s &#8220;Gangsters Paradise&#8221; has captured the hearts of original Bitcoin gangsters like Jimmy Song, providing a reminder of the core principles behind the cryptocurrency at a time when people are walking in the &#8220;shadow of debt.&#8221; Renegade Investor&#8217;s Banksters Paradise released on July 7, tells the ... Read more

"Banksters Paradise" Song by Renegade Investor Got Bitcoin OGs Revving

&#8220;Banksters Paradise&#8221; Song by Renegade Investor Got Bitcoin OGs Revving

https://coinfomania.com/wp-content/uploads/Bitcoin-9.webp

A Nigerian man has been accused of defrauding several U.S. companies of millions of dollars by the Federal Bureau of Investigation (FBI), according to a Tuesday report by the local news outlet, Vanguard. The accused, Olalekan Jacob Ponle, popularly known as Woodberry, was arrested during a special operation Fox Hunt 2 in Dubai on June ... Read more

Busted Nigerian Fraudster in FBI Custody Converted $15 Million Stolen Funds to Bitcoin

https://coinfomania.com/wp-content/uploads/FBI.webp

Following the rejection at the $9,800 resistance on June 22, the downtrend persisted as Bitcoin plunged to $8,855 low. Bitcoin bulls responded immediately to correct upward as BTC reached a high of $9,200. Incidentally, this is the second time traders will be buying the dips each time Bitcoin falls below $9,000.On June 15, BTC encountered ... Read more

Bitcoin Recovers but Faces an Uphill Task as it Makes Fragile Steps to the Upside Range Trading

https://coinfomania.com/wp-content/uploads/Bitcoin-8.webp

Bitcoin and Ethereum Outflows at Kraken Reach Highest Levels Since 2017

San Francisco-based cryptocurrency exchange, Kraken has reiterated its commitment to supporting the continued development of the Bitcoin network and announced this week that it has granted $150,000 to BTCPay Server, an open-source Bitcoin payment processor. According to a press release shared with Coinfomania, the new donation paid in Bitcoin to BTCPay Server coincides with Kraken&#8217;s ... Read more

Kraken Grants $150,000 in BTC to Open-Source Payment Processor, BTCPay

https://coinfomania.com/wp-content/uploads/Kraken-exchange.webp

On Monday, June 22, Bitcoin rebounded above $9,200 as price retested the $9,800 resistance. The king coin is range-bound below the $9,800 resistance for the past two days. Perhaps, BTC will encounter another breakout if the range-bound movement continues below the $9,800.  Alternatively, BTC will resume a downward move or an outright fall to the ... Read more

Bitcoin Breakout Engages Resistance at $9,800, Unable to Build Strength on Market Surge

https://coinfomania.com/wp-content/uploads/Bitcoin-7.webp

For over a week, Bitcoin has been trading in the lower region of $9,000 after recovering from an earlier breakdown. Besides, the bulls were unable to break the resistance at $9,500 and $9,680. Generally, the king coin has been in sideways trading for over a month due to the inability of buyers to break the ... Read more

Bitcoin (BTC) Breakout Looms after Month of Consolidation between $9,000 and $10,000

https://coinfomania.com/wp-content/uploads/Bitcoin-price-4.webp

Popular American investor and financial commentator Jim Rogers speculated that all cryptocurrencies, including Bitcoin (BTC), will eventually go extinct, and their value will drop to zero.  Speaking in an interview with Asahi publication last week, Rogers, who described BTC as &#8220;a clear bubble,&#8221; said that cryptocurrencies were launched only a few years ago, but their values ... Read more

American Investor Jim Rogers Says Bitcoin Will Decline and Eventually Become Zero

https://coinfomania.com/wp-content/uploads/Bitcoin-.webp

Russ Albert Medlin, an American citizen and the unofficial executive of one of the largest cryptocurrency Ponzi scheme, BitClub, has been arrested by local police authorities at his residence in Jakarta, according to a Tuesday report.  He was charged with suspected child sex crimes after police questioned three minors. Medlin could spend the next 15 ... Read more

BitClub's Russ Medlin Arrested And Charged With Sex Crimes

BitClub&#8217;s Russ Medlin Arrested And Charged With Sex Crimes

https://coinfomania.com/wp-content/uploads/BitClubs-Russ-Medlin.webp

There have always been cases of counterfeit money, and this has made many business owners and consumers to be on the lookout for these fake currencies so as not to fall victim. Another case of fake currency was reported today by the Daily Mail, concerning an invasion of the Australian currency. Two Australian $50 notes were ... Read more

New Counterfeit Invasion in Australia Makes a Case for Bitcoin

https://coinfomania.com/wp-content/uploads/Bitcoin-australia.webp

Countries are gradually seeing the benefits of cryptocurrency activity to their economy, as Kazakhstan is making plans to develop its cryptocurrency mining industry, in order to generate more revenue.  According to a local media report today, the plan was revealed by the Minister of Digital Development, Innovation and Aerospace Industry, Askar Zhumagaliyev, when he addressed the ... Read more

Kazakhstan Plans to Generate $738M from Crypto Mining in 3 Years

https://coinfomania.com/wp-content/uploads/BITCOIN-BTC-mining.webp

Ruth Shadrac

Ruth Shadrac is new to the crypto space and finds it very fascinating. She is currently an intern at Coinfomania and hopes to work her way to success.

Bloomberg’s editor, Joe Weisenthal, has shared six reasons why he thinks 2020 has been a bad year for Bitcoin in terms of market performance.  Bitcoin started the year with a promising performance after it was awarded the best performing asset of the last decade. However, following the market crash on March 12, the king coin ... Read more

Bloomberg Editor Gives 6 Reasons Why It's Been a Bad Year for Bitcoin

Bloomberg Editor Gives 6 Reasons Why It&#8217;s Been a Bad Year for Bitcoin

https://coinfomania.com/wp-content/uploads/Bad-year-bitcoin.webp

As part of measures to correct some of the technical glitches experienced in older versions of the original Bitcoin software, the network developers have released Bitcoin Core 0.20.0 today, to handle these issues.  The 20th version of the Bitcoin Core, overseen by Vladimir van der Laan alongside several contributors, is equipped with a range of performance ... Read more

Bitcoin Core Version 0.20.0 Launches to Fix Network Bugs Encountered in Earlier Versions 

https://coinfomania.com/wp-content/uploads/Bitcoin-Core-V.webp

U.S-based cryptocurrency exchange, Kraken will most likely roll out support for the Bitcoin Lightning network before the end of the year, according to the company&#8217;s Bitcoin strategist, Pierre Rochard. Rochard revealed that plans were in place to support Bitcoin&#8217;s most primed scaling solution, in a Wednesday tweet response to an inquiry for a clear timeline ... Read more

Update: Kraken Bitcoin Strategist Eager to Roll out Lightning Network Support

https://coinfomania.com/wp-content/uploads/2019/07/bbc-1-890x480.webp

While the cryptocurrency industry continues to wait for self-named Bitcoin creator, Craig Wright to mathematically prove his claims as Satoshi Nakamoto, a group of 145 addresses that mined bitcoin in its very early days has signed a message calling out the controversial figure a &#8220;fraud.&#8221; The signed message, first spotted by Reddit user, Bit_Lol follows ... Read more

140+ Addresses With Unmoved Bitcoin Mined Since 2009 Call Craig Wright a "Liar and a Fraud"

140+ Addresses With Unmoved Bitcoin Mined Since 2009 Call Craig Wright a &#8220;Liar and a Fraud&#8221;

https://coinfomania.com/wp-content/uploads/cws.webp

Leading cryptocurrency platform, Blockchain.com will soon launch a savings program that allows users to earn interest on their Bitcoin held in their wallets. The new Bitcoin savings product was unveiled in a keynote event on Tuesday, alongside several other service upgrades that users of both the Blockchain.com wallet and exchange can expect to see in ... Read more

Blockchain.com to Support Tether (USDT) and Offer a Bitcoin Savings Account with 4.5% APY

https://coinfomania.com/wp-content/uploads/Blockchain.com_.webp

Crypto derivatives traders using BitMEX, a platform that had at one time been the largest bitcoin derivatives exchange based on open interest, were forced to take some time off work after the platform experienced a major outage on Tuesday. The BitMEX trading engine reportedly went offline at 12:13 UTC according to the exchange&#8217;s status page, ... Read more

Traders Get Deserved Rest as BitMEX Trading Engine Goes Offline

https://coinfomania.com/wp-content/uploads/Bitmex-Break-time.webp

BTC