Samuel Wan

Blog Info Bitcoinist.com
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Stats Has written 235 posts about cryptocurrency

Aug 05 2021

Richard Heart addresses the controversies surrounding HEX token

Aug 05 2021 Published at CryptoSlate under tags  hex people

Love him or loathe him, one thing that can't be denied is Richard Heart's willingness to defend Hex from accusations of being a scam token. December 2021 will mark two years since Hex's launch. To this day, it continues to divide opinion with media outlets generally holding a negative view....

SEC’s Gary Gensler Crumbles When Asked If Ethereum Is A Security

Aug 05 2021 Published at Bitcoinist.com under tags  ethereum

According to Twitter user @NeilJacobs, when quizzed on the securities status of Ethereum, Securities and Exchange Commission (SEC) Chairman Gary Gensler refused to answer the question. "BREAKING: When asked to comment on...

Aug 04 2021

‘Audited’ DeFi project Popsicle Finance gets exploited for $21 million

Aug 04 2021 Published at CryptoSlate under tags  defi hacks

Multichain yield platform Popsicle Finance ($ICE) suffered a significant exploit today, resulting in a loss of $21 million. Initial reports claim attackers took advantage of a flaw in the fee accounting mechanism, draining several tokens in the process....

Hong Kong Police Sound The Alarm As Crypto Crime Doubles in 2021

Aug 04 2021 Published at Bitcoinist.com under tags  crypto news

Crypto crime in Hong Kong has soared to its highest level ever. In the first half of this year, almost 500 crypto crimes were recorded in the former British colony, with one user losing out to the tune of $16 million. Total losses for the 496 cases came in at HKD$214 million ($27.5...

Aug 03 2021

El Salvador effect: Spain considers allowing mortgage payments in crypto

Aug 03 2021 Published at CryptoSlate under tags  legal regulation

According to 20 Minutos, a Spanish newspaper group, lawmakers in the country are considering a proposal enabling mortgage payments with crypto. The Digital Transformation Law would also include a raft of other measures to legitimize crypto, blockchain, and artificial intelligence technologies. Including tax incentives for firms operating...

Ethereum one-upped Bitcoin to close 13 consecutive daily green candles. Here’s what it means

Aug 03 2021 Published at CryptoSlate under tags  analysis btcusd edge ethusd trading

Ethereum closes 13 successive daily green candles, making this the best run of form in its six-year history. As with all things good, the upward price movement came to an end today as ETH dumped 5% within the early hours of Tuesday morning (GMT). Nonetheless, a remarkable turnaround today still could extend this record to 14 days. Then again, a look at the...

Marathon Splashes $120 Million On Bitcoin Miners From Bitmain

Aug 03 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt

In a press release, Marathon Digital Holdings confirmed an agreement to buy 30,000 Bitcoin miners, at a total cost of almost $121 million, from Chinese manufacturer Bitmain. ".. entered into a contract with Bitmain to purchase an...

Aug 02 2021

Cardano founder Charles Hoskinson dismisses risk of 90% drop in ADA as ‘voodoo’

Aug 02 2021 Published at CryptoSlate under tags  adausd analysis trading

Input Output Global (IOG) CEO Charles Hoskinson rejects Peter Brandt's technical analysis call, which predicts Cardano may lose up to 90% of its value. Hoskinson added that he "really loathes" technical analysis while likening the process to voodoo in that it makes no sense. "With all due respect to Peter, I don't this works so well. The other thing...

CryptoPunk NFT mania drives average punk price up to $135,000

Aug 02 2021 Published at CryptoSlate under tags  nfts

Just when you thought digital art was done and dusted, CryptoPunk NFTs make a resurgence in popularity. That is, at least among Ethereum whales who are willing to stump up the hefty asking prices. Recent times have seen a flurry of CryptoPunk buying activity. Including internet personality Gary...

Jul 31 2021

Malay Regulators Pile Pressure On Binance, As It Pulls Euro Futures And Derivatives

Jul 31 2021 Published at Bitcoinist.com under tags  news

Malaysia's Securities Commission has ordered crypto exchange Binance to stop operating in the country. The regulator demands Binance take down its website and mobile apps, stops all marketing activities, and restricts Malaysian investors from its Telegram group....

Jul 30 2021

Robinhood’s Nasdaq debut ends with sputter, can Dogecoin (DOGE) save it?

Jul 30 2021 Published at CryptoSlate under tags  analysis dogeusd trading

Robinhood shares suffered a lackluster performance on Thursday, sinking dramatically in a market debut that indicated flat investor demand. By the end of the New York session, $HOOD closed 8.4% lower, having earlier sunk by as much as 12%. The popular fee-free trading app gained notoriety earlier this year. Young and...

Binance looking to setup physical headquarters following regulatory backlash

Jul 30 2021 Published at CryptoSlate under tags  exchanges regulation

Binance has plans to set up physical headquarters in multiple jurisdictions as a concession to the global regulatory backlash. The world's largest cryptocurrency exchange is under pressure following...

Dan Held: Bitcoin as a “sexy store of value” will eat real estate for $200 trillion market cap

Jul 30 2021 Published at CryptoSlate under tags  btcusd investments trading

Dan Held, the Director of Growth Marketing at crypto exchange Kraken, expects Bitcoin to reach a market cap of up to $200 trillion. This would price BTC at around $9.5 million per token. "It's a wild range of numbers, but I think Bitcoin's market capitalization should be between ten and two hundred trillion…" The leading cryptocurrency closed eight...

Jul 29 2021

Ripple chairman Chris Larsen has a warning for Dogecoin (DOGE) holders

Jul 29 2021 Published at CryptoSlate under tags  adoption dogeusd trading xrpusd

Ripple chairman Chris Larsen cautioned investors on the risks of investing in Dogecoin. He likened it to gambling, adding that most people who gamble end up losing. Since blowing up off the back of the WallStreetBets movement...

Bitcoin went to $58,000 the last time this price action happened. It’s back

Jul 29 2021 Published at CryptoSlate under tags  analysis btcusd trading

Bitcoin closes seven consecutive daily green candles, putting it on track for the longest winning streak in 2021. The last time this happened was March 5, when the leading cryptocurrency rose from $48,000 to end its run at $58,000 a week later. With the...

It’s On, Elizabeth Warren Triggers Retaliation From The Crypto Community

Jul 29 2021 Published at Bitcoinist.com under tags  news

Prominent figures in the crypto community have come forward to address comments made by Senator Elizabeth Warren. In a letter to Treasury Secretary Janet Yellen, Senator Warren spoke of the risks associated with crypto, calling on Yellen to introduce a "comprehensive and...

Jul 28 2021

Over 300 ETH lost to ‘failed transactions’ upon Stoner Cats NFTs launch

Jul 28 2021 Published at CryptoSlate under tags  nfts technology

On-chain data shows users have lost just under 310 ETH due to failed mints of Stoner Cats NFTs. At current prices, that's around $700,000 in failed transactions. Failed mints of @stonercatstv have lost users over 300 ETH totalhttps://t.co/FDGh5aY9wB...

Morningstar analyst pegs Cardano (ADA) as one of the “big three” cryptocurrencies

Jul 28 2021 Published at CryptoSlate under tags  adausd analysis investments trading

Morningstar Portfolio Manager Amy Arnott said Cardano, along with Bitcoin and Ethereum, has the potential to form the "big three" of mainstream cryptocurrencies. She pointed out each has its pros and cons. However, Cardano will soon offer the technical applications of Ethereum, but without its extreme volatility. Whereas she claims Bitcoin lacks...

Bitcoin Hash Rate Recovers To 2020 Levels, A Long Ways To Go

Jul 28 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt

Data compiled by Arcane Research shows the Bitcoin 14-day moving average hash rate now exceeds 100 EH/S - a level last seen in May 2020. From this, the data analysis firm concludes that the China mining exodus is finally complete. Adding that, more upside is expected as miners settle in their new homes....

Jul 27 2021

Congressman Tom Emmer quashes talk that ‘Fed Coin’ would spy on citizens

Jul 27 2021 Published at CryptoSlate under tags  legal stablecoins technology

Speaking to Forbes, Congressman Tom Emmer dismisses the notion of a Fed Coin showdown with cryptocurrency. Saying the crypto movement is too strong to be crushed, even by the Federal Reserve. In recent times, authorities have ramped up talk of introducing central bank digital...

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