Francisco Memoria

News Reporter

Francisco is a cryptocurrency writer who's in love with technology and focuses on helping people see the value digital currencies have. His work has been published in numerous reputable industry publications. Francisco holds various cryptocurrencies

Articles by Author

Altcoins Ripple

XRP Price Surged 118% Over Last 30 Days Ahead of Flare Token Airdrop

The price of the third-largest cryptocurrency by market capitalization, XRP, has surged over 118% in the last 30 days ahead of a major token airdrop set to occur on December 12, which will reward XRP token holders with Spark tokens. According to CryptoCompare data, the price of XRP went form about $0.2455 per coin while […]
Bitcoin

Bitcoin Consolidates Below $17,000 as Analysts Mull BTC Bull Run May Not Be Over

The price of bitcoin has been consolidating below the $17,000 mark after dropping abruptly from $19,2000 earlier this week, but analysts have been weighing in whether the bull run is over or not: most appear to believe it still has legs. CryptoCompare data shows that BTC is currently trading at $16,800 after losing 1.4% of […]
Security

$103 Million Liquidated on DeFi Protocol Compound After DAI Price Rise

A total of $103 million were liquidated on popular decentralized finance protocol Compound after a sudden rise in the price of the DAI stablecoin on Coinbase Pro saw some loans become under-collateralized. After what appears to have been an error or malicious attack, the price of the dollar-pegged stablecoin DAI surged on Coinbase to $1.30 […]
Altcoins Bitcoin Markets

Crypto Analyst Says BTC Withdrawals From OKEx Not Responsible for Fall in Bitcoin Price

After the price of bitcoin dropped over 10% to $17,200 from a near all-time high, crypto analyst Ki-Young Ju and CEO of on-chain analytics firm CryptoQuant has revealed he believes bitcoin withdrawals being reenabled at popular exchange OKEx were not behind the price drop. On Twitter, Ki-Young revealed that as soon as withdrawals were reenabled […]
Bitcoin

Bitcoin Whale Population Hits All-Time High as Large Holders Keep Accumulating

The number of large Bitcoin holders, dubbed “whales,” has hit a new all-time high as data shows that while those with smaller holdings have started selling at different price points, BTC whales kept on accumulating. On-chain market analysis firm Glassnode has revealed on Twitter that the number of bitcoin whales, defined as entities that hold […]
Bitcoin Markets

VanEck Launches Physically-Backed Bitcoin ETN on Deutsche Böerse

European ETF issuer VanEck has announced the launch of a bitcoin exchange-traded-note (ETN) on the Deutsche Böerse. The ETN will launch on the electronic trading venue of Europe’s third-largest exchange, Xetra. According to ETF Stream, the VanEck Vectors Bitcoin ETN (VBTC) will have a total expense ratio (TER) of 2% and is set to be […]
Bitcoin

Bitcoin’s Next Price Target Could Be $74,000, Says Technical Analyst

Todd Gordon, founder of TradingAnalysis.com, has argued that the next price target for the flagship cryptocurrency bitcoin is “about $74,000” based on the Elliott Wave theory. While speaking on CNBC’s “Trading Nation,” Gordon noted that it’s hard to give BTC a fundamental value “because there’s pretty much a finite supply,” as only 21 million bitcoins […]
Bitcoin

Bitcoin Price Could Reach $500,000, Says Veteran Macro Investor

Dan Tapiero, co-founder of Gold Bullion International, has recently stated he believes the price of bitcoin will outperform gold and surge into six-figure territory over the next few years. During an interview with Anthony Pompliano on the Pomp Podcast, Tapiero claimed that while he believes investors should both gain exposure to gold and bitcoin, the […]
Altcoins Ethereum

Ethereum Search Interest Hits Highest Level Since February 2018

As the price of Ethereum remains above the $600 mark, search interest for the second-largest cryptocurrency by market capitalization has surged to levels that hadn’t been seen since early 2018, shortly after it hit an all-time high of $1,400. According to data from Google Trends, search interest for the term Ethereum is now at 33 […]
Bitcoin

Bitcoin’s Price Could Hit $160,000 in Next Bull Run, Historical Patterns Suggest

As the price of bitcoin surpasses the $19,000 mark and closes in on its previous all-time high near $20,00 seen in December 2017, some are now pointing out that historical patterns suggest its next bull run could take it to $160,000. This as the last three large BTC bull runs saw the cryptocurrency’s price spike […]
Altcoins Exchanges

OKEx Announces User Compensation Program After Withdrawal Suspension

Popular cryptocurrency exchange OKEx, which suspended withdrawals in October as one of its private key holders was cooperating with authorities in an investigation, has added details on its user compensation programs after withdrawals are reenabled. As CryptoGlobe reported, OKEx  announced it will reenable withdrawals “on or before” November 27 of this year, after saying the […]
Bitcoin

Japanese Financial Giant SBI Launches Bitcoin Lending Service

Japanese financial services giant SBI Holdings has announced the launch of a new cryptocurrency lending service allowing users to earn an annual interest rate of 1% on their bitcoin holdings, with plans to expand the service to ETH and XRP. In an announcement on the new feature, dubbed ‘VCTrade Lending’ SBI detailed that users will […]
Bitcoin

Bitcoin Nears $19,000 After Hitting Front Page of the Wall Street Journal

The price of bitcoin has moved up towards the $19,000 mark after gaining visibility among investors via a story on the front page of the Wall Street Journal, that pointed out BTC is trading close to its previous all-time high and has found an audience among institutional investors. The Wall Street Journal’s report pointed out […]
Altcoins Bitcoin

Billion-Dollar Bitcoin Seizure Left Behind Millions in Forked Coins: Report

The U.S. Department of Justice (DOJ) has reportedly overlooked millions of dollars’ worth of Bitcoin forks after the seizure of over $1 billion associated with the notorious now-defunct darknet market Silk Road. According to blockchain analytics firm Coinfirm, The DOJ did not seize a few cryptoassets that they would have had access to using the […]
Altcoins Ethereum

Ethereum Addresses in Profit Hit 2-Year High as ETH Closes in on $600

The percentage of Ethereum addresses in a state of profit has reached a 2-year high of 86.117% and is seemingly still growing as the price of the second-largest cryptocurrency by market cap, ETH, is now close to the $600 mark. According to blockchain analytics firm Glassnode, in March of this year the percentage of ether […]
Press Releases

Paradox Group Launches New Crypto Marketplace

Many blockchain and digital asset companies find it hard to advertise effectively. Not only have these companies been barred from mainstream advertising networks like Facebook and Google Ads, but they must often work with individual publishers or subpar advertising companies to market their services/products. In order to solve this issue and to bring a wider […]
Bitcoin

Billionaire CEO Admits Not Understanding Bitcoin After $50 Million BTC Trading Loss

The founder and CEO of Japanese multinational conglomerate SoftBank Group, Masayoshi Son, said he does not understand bitcoin and that he lost $50 million investing in BTC after buying high and selling low. Speaking at the New York Times’ DealBook conference, the 63-year-old Japanese billionaire revealed he believes digital currencies will be the future, but […]
Bitcoin

Bitcoin Price Could Reach Six Digits by 2022, Bloomberg Analyst Predicts

The price of bitcoin could add a “zero to the back of the number” to hit six digits by 2022, says popular Bloomberg analyst Mike McGlone in his latest bullish prediction for the cryptocurrency. Speaking on Bloomberg TV, McGlone pointed out that BTC’s past performance is potentially indicative of the future, and that looking at […]
Bitcoin

Bitcoin Market Cap Surpasses That of Mastercard as BTC Eyes New All-Time High

The total market capitalization of the flagship cryptocurrency Bitcoin has surpassed that of payments giant Mastercard, earning BTC the 16th place in a list of the largest companies in the world by market capitalization. According to monitoring resource Asset Dash, as first reported by Decrypt, the market capitalization of Mastercard is of $332.8 billion, while […]
Altcoins Exchanges

Crypto Market Cap Surpasses $500 Billion Helped by OKB and SUSHI

The total market capitalization of all cryptocurrencies has surpassed the $500 billion mark for the first time since February 2018 as the price of several altcoins is moving up, while BTC’s price is still above the $17,800, after hitting $18,000 yesterday. While there are several cryptoassets moving up in the last 24 hours, according to […]

OKEx to Reenable Withdrawals ‘on or Before November 27’

Popular cryptocurrency exchange OKEx has announced it will reenable withdrawals “on or before” November 27 of this year, as the private key holders it had lost contact with who was cooperating with an investigation has “completed assisting the authorities.” The person OKEx is believed to have lost contact with is the firm’s founder Mingxing “Star” […]

OKEx’s OKB Token Jumps 16% as Rumors Suggest Withdrawals Will Soon Be Reenabled

The price of OKEx’s OKB token has surged more than 16% on rumors suggesting that the person with who the firm lost contact that held the private keys to its wallets while cooperating in an investigation is soon set to be released from police custody. The person OKEx revealed it lost contact with is believed […]

Bitcoin Exchange Traded Product (ETP) Volumes Surge 53% as Crypto’s Price Surges

The aggerate trading volume of bitcoin exchange-traded products (ETPs) has surged 53% over the last 30 days, with several products demonstrating above market returns. According to CryptoCompare’s Digital Asset Management Review, daily ETP volumes increased by an average of 53.5% this month, following BTC’s price rally from little over $10,000 in October to over $18,000 […]

‘That’s a Lot of Zeros’: Grayscale Surpasses $10 Billion in Assets Under Management

Cryptocurrency asset manager Grayscale Investments has seen its total assets under management surpass the $10 billion mark as the price of bitcoin moved past $18,000 on its way to the previous all-time high near $20,000. Barry Silbert, CEO of the Digital Currency Group of which Grayscale is a subsidiary, tweeted out the milestone pointing out […]

Bitcoin’s Market Capitalization Hits New All-Time High

The market capitalization of bitcoin has hit a new all-time high above $330 billion as the flagship cryptocurrency’s price closes in on its all-time high near $20,000.Bitcoin’s market cap, CryptoCompare data shows, is now at $337.5 billion as the cryptocurrency is currently trading above $18,000. Its previous all-time high seen in December 2017 was hit […]

Crypto Analysts Bullish on XRP as Its Whale Number Hit New All-Time High

Various cryptocurrency analysts have taken a bullish stance on the fourth-largest cryptocurrency by market capitalization, XRP, as the number of whales invested in the cryptocurrency has hit a new all-time high. Scott Melker, a cryptocurrency trader at Texas West Capital, revealed on social media that he is bullish on the cryptocurrency and could see it […]

Bitcoin Remains out of Chinese Institute’s Top 10 Cryptos as Corporate Adoption Grows

China’s Center for Information and Industry Development (CCID), an organization under the country’s Ministry of Industry and Information Technology, has released its 20th crypto project rankings, and bitcoin is still out of the top 10. According to Bitcoin.com, out of a total of 37 cryptocurrency projects ranked based on basic technology, applicability, and creativity, the […]

Grayscale Investments Now Holds Over 500,000 BTC in Its Bitcoin Trust

Cryptocurrency asset manager Grayscale Investments now holds more than 500,000 BTC, worth over $8.54 million, in its Bitcoin Trust product, GBTC. The figure is equal to over 2.5% of BTC’s circulating supply. According to data shared by Grayscale, the firm surpassed the 500,000 bitcoins under custody mark on November 16, presumably as its inflows keep […]

$7.7 Billion Investment Firm SkyBridge Capital Considers Investing in Bitcoin

SkyBridge Capital, an investment firm founded by Anthony Scaramucci, a former White House Communications Director, has revealed it “may seek exposure to digital assets” in a filing note posted last week. The note, first spotted by Decrypt, saw the firm reveal it “may seek exposure to digital assets,” and clarified that it was referring to […]

Listing of $3 Billion of Bonds That Could Be Bought With Bitcoin Postponed

The listing of $3 billion worth of blockchain-based bonds that would be purchasable using bitcoin has been postponed by the exchange that was set to list them, Fusang. Fusang is a Malaysian digital securities trading platform, and revealed in a short post that the listing of the Longbong SR Notes USD Feb 2021 will be […]

Bitcoin’s ‘Next Big Resistance’ Is at $1 Trillion Market Cap, Says Bloomberg Analyst

Mike McGlone, a senior commodity strategist at Bloomberg, has revealed he believes bitcoin moving back to its all-time high near $20,000 is but the start of a price that will see the cryptocurrency’s market cap get to $1 trillion. According to a tweet McGlone published at a time in which BTC has been steady above […]

Bitcoin’s Price Could Surpass $300,000 by December 2021, Says Citibank Exec

Thomas Fitzpatrick, a senior executive at the U.S.-based financial giant Citibank, has published a report claiming the price of bitcoin could surpass $300,000 by December 2021, drawing on similarities between BTC and the 1970s gold market. Per Fitzpatrick, the price of bitcoin being characterized by major swings is “exactly the kind of thing that sustains […]

Hacked Platform Value DeFi Offers 1 Million DAI for Return of Funds

Value DeFi, a decentralized finance protocol that was hacked for $6 million worth of DAI via a flash loan taken out for 80,000 ETH on the Aave protocol, has offered the hacker $1 million in DAI as a bounty for them to return funds to their users. Data from the Ethereum blockchain shows that the […]

Why Yearn.Finance Is Poised to Revolutionize DeFi

DeFi remains one of the most important crypto advances in the last couple of years. But one project, Yearn.Finance, could be a glimpse into the future. Cryptocurrency isn’t all about Bitcoin anymore. The next big driver of the market is undoubtedly Decentralized Finance (DeFi). These products helped to fuel the crypto boom in September and […]

MicroStrategy CEO Says Quantum Computing Is Not a Threat to Bitcoin

Michael Saylor, the CEO of the billion-dollar business intelligence firm that made a $425 million bet on bitcoin this year, revealed in a recent interview he is tired of defending BTC against the threat of quantum computing. Speaking to analyst and investor Scott Melker, Saylor noted that anyone who is able to build a quantum […]

Chainalysis Launches Program to Help Governments Store and Sell Seized Cryptoassets

Blockchain analysis firm Chainalysis is launching a new program to help governments recover, store, and sell cryptoassets seized their operations, less than two weeks after the U.S.  government seized over 69,000 BTC worth over $1 billion. According to announcement Chainalysis published, the program could help government agencies and insolvency practitioners “handle, store, realize, and monitor […]

Bank of England official Dismisses Protecting Banks Against Digital Currencies

Bank of England Deputy Governor Jon Cunliffe has dismissed the idea that the central bank has to protect commercial banks against the potential future impact of digital currencies. According to Reuters, Cunliffe claimed that the Bank of England’s job is “not to protect bank business models,” and added: Banks will have to adjust. Our job […]

Tezos (XTZ) Blockchain Upgrade ‘ Delphi’ Cuts Smart Contract Fees to Attract DeFi

Tezos (XTZ), a decentralized blockchain facilitating smart contracts and decentralized applications with a Proof-of-Stake (PoS) consensus algorithm, has completed its fourth upgrade in two years, ‘Delphi’, which reduces smart contract gas fees by 75%. The upgrade, disclosed in an announcement, was developed by Nomadic Labs, Metastate and Marigold. Its most important feature, the document says, […]

DeFi Project Akropolis Loses 2 Million DAI in Exploit

Decentralized finance (DeFi) project Akropolis has lost over $2 million in DAI after hackers managed to exploit it via a flash loan taken out on dYdX. Akropolis is a DeFi lending and savings service provider. On social media, the team behind Akropolis stated it identified a hack was executed “across a body of smart contracts […]

Crypto Fund Execs Bet $1 Million Bitcoin’s Price Won’t Follow S2F Model

The chief investment officer of cryptocurrency hedge fund Arcane Assets, Eric Wall, has offered a $1 million bet against the popular bitcoin stock-to-flow model, which has predicted the price of BTC could go as high as $288,000 by 2024. On Twitter, Wall told his over 32,000 followers he is offering to pay $1 million to […]

Bitcoin’s Price Could Surge to $20,000 by Christmas, Analysts Suggest

Analysts are predicting a bullish long-term outlook for bitcoin, suggesting the cryptocurrency could hit its all-time high of $20,000 by Christmas, but not before enduring a correction in the near future. According to CryptoCompare data, the price of BTC has been steadily moving up since late last month, going from $11,000 to over $15,800 at […]

$7.6 Billion Worth of Cryptocurrencies Have Been Stolen Since 2011: Report

A total of $7.6 billion worth of cryptocurrencies have been stolen by hackers and scammers since 2011, according to a new report published by Amsterdam-based blockchain analytics firm Crystal Blockchain. According to the report, reported on by CoinDesk, $2.8 billion were stolen through security breaches, with the most popular breach being against the security systems […]

Bitcoin Whale Wallets With Over 10,000 Coins Hits 2020 High as BTC Reaches $16,000

The number of bitcoin whales with at least 10,000 BTC, worth around $159.89 million at press time, has matched its 2020 high of 111, while the number of wallets with 1,000 to 9,999 BTC is just 6 below its all-time high of 2,135 wallets. The figures were shared by on-chain analytics firm Santiment, which implied […]

Binance Awards $200,000 to Researchers Who Helped Identify Its Attackers

Leading cryptocurrency exchange Binance has revealed it is rewarding a team of investigators with $200,000 for submitting a long-form report that identified one of the attackers that tried to hack the exchange in 2018. In a press release shared with CryptoGlobe, Binance revealed that the U.S. Department of Justice revealed its indictment of two individuals […]

Bitcoin Cash Users Move $257 Million of BCH to Exchanges Ahead of Hard Fork

Bitcoin Cash users have moved over $257 million worth of BCH to cryptocurrency exchanges in the last seven days, ahead of the cryptocurrency’s contentious hard fork scheduled for November 15. According to Chainalsysis’s chief economist, Phillip Gradwell, over 1 million bitcoin cash were sent to cryptocurrency trading platforms over the last seven days to be […]

Unconfirmed Bitcoin Transactions Cleared After Cryptocurrency’s Hashrate Jumps

The number of unconfirmed transactions on the Bitcoin blockchain has essentially been cleared to little over 1,000 transactions this week, after the hashrate on the flagship cryptocurrency’s network jumped by 19.6%. CryptoCompare data shows that the hashrate on the Bitcoin network – the computing power used to secure it – hit an all-time high of […]

Hacked Crypto Exchange KuCoin Has Recovered Most of the Stolen Funds, Co-Founder Says

Johnny Lyu, co-founder and CEO of the hacked Singapore-based cryptocurrency exchange KuCoin, has revealed the trading platform recovered 84% of the assets that were stolen from it back in September. KuCoin suffered a major security breach in September, in which a hacker managed to access its hot wallets and steal over $280 million worth of […]

Major Chinese Bank to Sell $3 Billion of Bonds That Can Be Bought With Bitcoin

The China Construction Bank, one of the ‘big four’ banks in China, has partnered with fintech firm Fusang to sell $3 billion worth of bonds on the blockchain. The bunds can be purchased using fiat or bitcoin. According to the South China Morning Post (SCMP), this is the first digital security a Chinese bank issues […]

Bitcoin ATM Patent Holder Sues Operators Demanding Royalties

Bots, a publicly-traded over-the-counter markets tech firm, has announced its subsidiary First Bitcoin Capital will take legal action against Bitcoin ATM operators for alleged intellectual property infringement. In an announcement First Bitcoin Capital published, first reported on by Modern Consensus, the firm claimed it’s in discussion with “a major law firm” to act against Bitcoin […]

Bitcoin Cash to Undergo a Contentious Hard Fork : What you Need to Know

The Bitcoin Cash blockchain, created through a hard fork of the Bitcoin blockchain, is set to undergo a contentious hard fork on November 15, which could lead to a chain split. Bitcoin Cash’s blockchain split back in 2018 to create Bitcoin Satoshi’s Vision (SV), and now another contentious hard fork threatens to split the chain. […]

Another $30 Million of Satoshi-Era Bitcoin Move After Being Dormant for a Decade

Across a series of transactions, a total of $30 million worth of bitcoin that had been dormant since 2010  has started moving on the blockchain, with its destination currently being unknown. The move marks the fourth time Satoshi-era BTC moved so far this year. The transaction was first spotted by crypto trader Kirill Kretov on […]

Over 50,000 Ether Has Been Deposited Into ETH 2.0 Phase 0 Contract

The deposit contract for the Phase 0 of Ethereum’s 2.0 upgrade, which went live on November 4, has already received over 50,590 ether in deposits from community members looking to start staking once genesis is launched. Ethereum’s transition to ETH 2.0 is set to occur over a series of phases, the first of which is […]

Institutional Investors Eye Bitcoin as Gold Alternative, JPMorgan Analysts Say

Institutional investors may be eyeing bitcoin as an alternative to gold as Grayscale’s Bitcoin Trust (GBTC) saw cumulative inflows through October, while gold exchange-traded funds (ETFs) saw “most outflows” since mid-October. Grayscale’s GBTC lets investors gain exposure to the flagship cryptocurrency without having to worry about managing private keys or choosing a bitcoin wallet. The […]

Open Interest on CME Climbed 28.6% in October, Report Reveals

The average open interest on the Chicago Mercantile Exchange (CME), an exchange for the trading of futures and options, went up 28.6% to $593 billion in October, with the month ending with $824 million in open interest. According to CryptoCompare’s October 2020 Exchange Review, institutional open interest on cryptocurrencies remained high throughout the month, even […]

Top Crypto Exchanges’ Trading Volumes Plunged in October: CryptoCompare Report

After setting a daily trading volume record this year in September, cryptocurrency trading platforms have seen spot trading volumes decline. In October, top trading platforms saw their volumes plunge. According to CryptoCompare’s October 2020 Exchange Review, Top-Tier cryptocurrency exchanges, defined by the firm’s Exchange Benchmark, saw larges decreases in monthly spot trading volumes in October, […]

And Breathe: How The Decline of DeFi May Give Ethereum a New Lease of Life

Written by: Dmytro Spilka. Dmytro is the CEO and Founder of Pridicto, a web analytics startup. His work has been featured in various publications, including The Next Web, Entrepreneur.com, Huff Post, TechRadar, Hackernoon and Bitcoin.com. Slowing cryptocurrency trading in a decentralized finance landscape that appeared to be so promising in the summer has inadvertently helped […]

Trump Campaign Website Defaced to Promote XMR Scam

Hackers have defaced the campaign website of U.S. President Donald Trump to briefly promote a scam trying to get donations in the privacy-centric cryptocurrency Monero (XMR). It’s unclear whether any donations were made. The defacement, according to the New York Times, latest less than 30 minutes and was first spotted by Gabriel Lorenzo Greschler, a […]

$800 Million Bitcoin Options Expiry Has Crypto Traders on Edge

As the price of bitcoin moved towards its 2019 highs close to the $14,000 and dropped back to under $13,500, cryptocurrency traders are on edge focusing on large bitcoin and ether options expiries set to end ahead of Halloween. According to Skew.com, over $800 million worth of bitcoin options are set to expire this Friday, […]

Kraken CEO Jesse Powell Criticizes ‘DeFi Scams’ for ‘Reckless’ Rollouts

The chief executive officer of cryptocurrency exchange Kraken, Jesse Powell, has criticized projects in the decentralized finance (DeFi) sector over the failure of several projects to audit their code ahead of launch. Powell’s tweet came in the wake of the $24 million exploit on DeFi lending protocol Harvest Finance. In a tweet, Powell asked “Defi […]

JPMorgan’s ‘JPM Coin’ Is Ready for Commercial Use, Executive Says

The stablecoin launched by JPMorgan Chase, ‘JPM Coin’ is now reportedly ready for commercial use, according to the bank’s global head of wholesale payments. JPMorgan has also created a new blockchain unit called Onyx. Speaking to CNBC, Takis Georgakopoulos revealed that the JPM Coin is already being used by large technology clients to send payments […]