Bitcoin price latest – $200bn worth of Bitcoin at risk from cyber theft, report warns

NEARLY $200 worth of Bitcoin is at risk from cyber theft, a shocking report has claimed.

Approximately 3,480,000 out of the world’s mined 18.5million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping, it was claimed.

The report by Opimas LLC, a finance-based management consultancy firm, extensively covered the various institutional safekeeping gaps – capable of exposing owners of cryptocurrencies to coin theft.

Opimas highlights in its report the need for the establishment of more middlemen in cryptocurrencies.

These middlemen can exist in the form of institution-based custody solution providers, that is, the provision of solutions that help store, exchange, and hold cryptocurrency safely for big investors and corporations.

Read our cryptocurrency live blog below for the very latest updates…

  • Jon Rogers

    WHO ACCEPTS DOGECOIN?

    Interest in Dogecoin is growing and its price has surged this year, hitting record highs.

    But who accepts Dogecoin and where exactly can you spend the cryptocurrency?

    Dogecoin’s latest surge in price has been put down to eToro now supporting the cryptocurrency.

    The trading platform will now let users buy and sell Dogecoin, alongside other cryptocurrencies and more mainstream investments like stocks and shares.

    Other trading platforms which let you buy and sell Dogecoin include Binance and Kraken.

    But you can’t buy and sell Dogecoin on all platforms which offer cryptocurrency trading.

    For instance digital banking platform Revolut does not support Dogecoin.

  • Jon Rogers

    WHAT IS SHIBA INU?

    Shiba Inu coin has nearly doubled in price over the past day after Binance announced it would be listed on its platform.

    The cryptocurrency has spiked 82.90% within 24 hours, while spiking 1621.50% within the past seven days.

    Shiba Inu is a cryptocurrency experiment in decentralised community building and is inspired to be similar to Dogecoin, according to Binance.

    Being decentralised means it isn’t controlled by the or any other central authority such as a bank.

  • Jon Rogers

    ETHEREUM HITS NEW PEAK

    Cryptocurrency ethereum climbed to a new peak for a third straight day on Monday on continued optimism about further growth in decentralized finance or "DeFi", although some analysts said it was overvalued at current levels.

    Ethereum has soared this year, fuelled by the boom in DeFi, which are platforms that facilitate crypto-denominated lending outside traditional banking. Many DeFi applications are embedded in the ethereum blockchain.

    Ethereum, the second-largest coin by market capitalization, hit an all-time high of $4,200 and was last up around 5.2% at $4,133.40.

    "The myriad possibilities of decentralized ledger technologies should be likened to a technological force of nature that will continue to disrupt finance and other businesses," said Paolo Ardoino, chief technology officer of cryptocurrency exchange Bitfinex.

  • Jon Rogers

    NEARLY $200BN WORTH OF BITCOIN AT RISK FROM THEFT – REPORT

    Approximately 3,480,000 out of the world’s mined 18.5million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping, a report has highlighted.

    The report by Opimas LLC, a finance-based management consultancy firm, extensively covered the various institutional safekeeping gaps – capable of exposing owners of cryptocurrencies to coin theft.

    Opimas highlights in its report the need for the establishment of more middlemen in cryptocurrencies.

    These middlemen can exist in the form of institution-based custody solution providers, that is, the provision of solutions that help store, exchange, and hold cryptocurrency safely for big investors and corporations.

  • Jon Rogers

    COULD THE MOVE FROM BITCOIN TO ETHEREUM SIGNAL A CORRECTION IN THE CRYPTO MARKET?

    "The meteoric rise in cryptocurrencies has a whiff of deja vu," to bitcoin's move in 2017 when a months-long rally catapulted it to become the best-performing crypto asset, said Vanda Research, which tracks retail investing activity, in a note Monday.

    "When the rally started to look tired in November [2017], investors rotated to lesser-known altcoins like Ripple and Ethereum, which quickly became household names, too," wrote Ben Onatibia, head of markets at Vanda Research, Business Insider reports.

    "In the months that followed, cryptocurrencies cratered as retail investors rushed to the exit," he said.

  • Jon Rogers

    INVESTORS TURN TO ETHEREUM

    Ethereum, the world's second largest cryptocurrency, soared to a record high on Monday.

    Ethereum fetched $4,148.44, just off the record high of $4,172.10.

    It's up 7.06% in the last 24 hours and 449.81% this year.

    The market cap is $480.72 billion, CoinDesk reported.

  • Jon Rogers

    BINANCE LISTS DOGECOIN RIVAL

    Binance, the world’s biggest cryptocurrency exchange, today announced it will list Shiba Inu (SHIB), a new meme coin this week. 

    Binance CEO Changpeng Zhao made the announcement on Twitter today, adding that the demand for the new currency was so high the exchange ran out of deposit addresses, reports Decrypt.

  • Jon Rogers

    ELON MUSK OFFERED $50M in DOGECOIN TO LAUNCH TRON SATELLITE

    Tron founder Justin Sun has offered Elon Musk $50 million worth of dogecoin to fund the launch of SpaceX satellite to the moon for Tron and BitTorrent.

    Sun called on the SpaceX founder to accept the offer because the initial transactions need to be paid from a customer order, and he would be happy to pay with dogecoin, Finbold reports.

    Musk is yet to respond.

  • Jon Rogers

    ETHEREUM PRICE GOING UP

    Since it split into two, Ethereum has superseded Ethereum Classic with the former now having a market cap of roughly $400billion.

    In comparison, Ethereum Classic has one of around $16billion, according to CoinMarketCap.

    The Ethereum price is currently sitting at £2,491 ($3,468), compared to £101 ($141) for Ethereum Classic.

    The value of Ethereum Classic has rocketed by more than 700% in just a month though, and was worth £13.74 ($19.14) on April 7.

    The cryptocurrency is going up in value as it “plays catch-up with the wider markets”, Mr Green told The Sun.

  • Alice Peacock

    ETHEREUM PRICE GOING UP

    Since it split into two, Ethereum has superseded Ethereum Classic with the former now having a market cap of roughly $400billion.

    In comparison, Ethereum Classic has one of around $16billion, according to CoinMarketCap.

    The Ethereum price is currently sitting at £2,491 ($3,468), compared to £101 ($141) for Ethereum Classic.

    The value of Ethereum Classic has rocketed by more than 700% in just a month though, and was worth £13.74 ($19.14) on April 7.

    The cryptocurrency is going up in value as it “plays catch-up with the wider markets”, Mr Green told The Sun.

  • Alice Peacock

    HOW IS DOGECOIN PRONOUNCED?

    Dogecoin is a cryptocurrency revelation and has skyrocketed in popularity since its inception in 2013.

    It has been a topic of conversation and debate for years, but how do you pronounce it and what even is it? Here’s what you need to know.

    The word doge itself can be traced back to 2005, and its pronunciation varies from country to country.

    These variations tend to be different in English speaking and non-English speaking countries.

    This includes those who prefer to pronounce the first syllable like “dog” or “doggy,” or even those that favour “dodge.”

    However, according to the cryptocurrency’s co-founder, Billy Markus, the correct pronunciation is “dojh" coin.

  • Alice Peacock

    CRYPTO BEING ACCEPTED AS PAYMENT FOR DOGE-1 MOON MISSION

    Elon Musk has announced that his rocket company SpaceX will launch a satellite called Doge-1 to the moon – and the mission will be paid for in Doge.

    Musk’s tweet announcing the news received 100,000 retweets within just seven hours of being posted.

  • Alice Peacock

    BITCOIN PRICE NOWHERE NEAR PEAK OF RUN – ANALYSIS

    The price of bitcoin is nowhere near the peak of its bullish run, according to the latest analysis.

    Bitcoin has been consolidating around the $1 trillion market capitalisation threshold for almost three months, according to a Nasdaq analysis.

    The report states: “There is absolutely nothing to be concerned about in terms of the fundamentals and long-term outlook of the monetary asset.

    “Many market spectators have been quick to call it a “top” because of the speculation occurring in the illiquid altcoin markets, but this is a shortsighted take that does not take into account the empirical data.

    “New entrants and capital are entering the market every single day, and the fixed monetary policy of Bitcoin remains consistent.”

  • Alice Peacock

    WHAT IS SHIBA INU COIN?

    Shiba Inu coins are one of the latest cryptocurrencies to hit the market – we round up five things you need to know.

    It comes as crypto fans are on the hunt for the next success story to follow Bitcoin.

    Shiba Inu coins are cryptocurrency meme tokens and allow users to hold trillions of them, according to its website.

    These tokens are listed and incentivized on ShibaSwap, its own decentralized exchange.

    Its website claims to have locked 50% of its total supply to Uniswap, while the remaining has been burned to Ethereum founder Vitalik Buterin.

    The tokens feature the same Shiba Inu dog as Dogecoin, which has rocketed in popularity recently.

  • Alice Peacock

    VALUE OF DOGECOIN TANKS AFTER MUSK'S SNL APPEARANCE

    Dogecoin lost more than a third of its value on Sunday, after Elon Musk called it a 'hustle' during his guest-host spot on SNL.

    According to reports from Global News, Dogecoin was quoted as low as $0.416 on crypto exchange Binance, down 36 per cent from levels around $0.65 the show.

    It retraced some of that move later on Sunday, and was last trading around $0.569.

    Musk hosted the SNL show at 11:30 p.m. EDT on Saturday.

  • Hana Carter

    ELON MUSK: HOW MANY TIMES HAS HE BEEN MARRIED?

    Elon Musk has been married and divorced multiple times.

    The CEO of Tesla and architect of SpaceX may poke fun of his personal life when he hosts Saturday Night Live on May 8, 2021.

    Elon Musk has been divorced a total of three times – twice to the same woman.

    He was married to Canadian author Justine Wilson from 2000 to 2008 tying the knot with actress Talulah Riley in 2010.

    Musk and Riley would divorce in 2012, but they would remarry one year later.

    They went their separate ways again in 2016.

    Actress Amber Heard, who is divorced from Johnny Depp, was in an on-off relationship with Musk as well.

    The billionaire is currently in a relationship with singer Grimes, and the couple have one young child together.

    Musk shares his other five children with Wilson.

  • Hana Carter

    DAVE CHAPPELLE WADES IN ON ELON MUSK’S SNL APPEARANCE

    The comedian spoke to Joe Rogan in a wide-ranging interview uploaded on Friday, in which he reflected in a three-hour-plus podcast on his own comedy career and said he didn’t understand the fuss over Musk’s hosting gig.

    “Like you said, no one can be woke enough,” Chappelle told Rogan of those criticising the decision to invite Musk to the show.

    “I’m torn, because I like a warrior for a good cause, but I’m really into tactics. You’re not going to nag people into behaving. … In fact, if you continue with this tone, even if you’re right, you’ll be very hard to hear.”

  • Alice Peacock

    WHO ACCEPTS DOGECOIN?

    Interest in Dogecoin is growing and its price has surged this year, hitting record highs.

    But who accepts Dogecoin and where exactly can you spend the cryptocurrency?

    Dogecoin's latest surge in price has been put down to eToro now supporting the cryptocurrency.

    The trading platform will now let users buy and sell Dogecoin, alongside other cryptocurrencies and more mainstream investments like stocks and shares.

    Other trading platforms which let you buy and sell Dogecoin include Binance and Kraken.

    But you can't buy and sell Dogecoin on all platforms which offer cryptocurrency trading.

    For instance digital banking platform Revolut does not support Dogecoin

  • Alice Peacock

    GRIMES APPEARED WITH ELON FOR A SNL SKIT

    Many people tuned in to SNL to watch Tesla's Elon Musk step up to host – a posting slated as contentious by a lot of people.

    And his singer-songwriter girlfriend Grimes, who has been in a relationship with the Tesla CEO since 2018, teased her cameo ahead of the broadcast in an Instagram post.

    She appeared in a skit with Musk, in which he played Luigi by Wario, and she played Peach.

    Her performance has received positive reactions on Twitter, according to reports from the Independent.

    Grimes shared three futuristic photos on Instagram on Saturday, writing as part of a lengthy caption: “Tune into SNL tonight to watch me try acting!”

  • Alice Peacock

    DOGECOIN FANS EXPRESS DELIGHT AT DOGE-1 MOON MISSION NEWS

    Fans of the cryptocurrency Dogecoin are thrilled after Elon Musk announced his rocket company SpaceX will launch a satellite called Doge-1 to the moon.

    The Dogecoin community on Reddit responded quickly to the news, with forum posts attracting hundreds of comments. One read: "I think Elon might be taking this 'to the moon' way too literally."

    According to reports from Newsweek, one commenter wrote: "Is this real? Wow! This is amazing. Maybe the Mars space colony will also use doge as [an] official coin."

  • Alice Peacock

    SPACEX ACCEPTING CRYPTO AS PAYMENT FOR DOGE-1 MOON MISSION

    Elon Musk has announced that his rocket company SpaceX will launch a satellite called Doge-1 to the moon – and the mission will be paid for in Doge.

    Musk's tweet announcing the news received 100,000 retweets within just seven hours of being posted.

  • Alice Peacock

    DAVE CHAPPELLE WADES IN ON ELON MUSK’S SNL APPEARANCE

    The comedian spoke to Joe Rogan in a wide-ranging interview uploaded on Friday, in which he reflected in a three-hour-plus podcast on his own comedy career and said he didn’t understand the fuss over Musk’s hosting gig.

    “Like you said, no one can be woke enough,” Chappelle told Rogan of those criticising the decision to invite Musk to the show.

    “I’m torn, because I like a warrior for a good cause, but I’m really into tactics. You’re not going to nag people into behaving. … In fact, if you continue with this tone, even if you’re right, you’ll be very hard to hear.”

  • John Hall

    ETHEREUM PRICE GOING UP

    Since it split into two, Ethereum has superseded Ethereum Classic with the former now having a market cap of roughly $400billion.

    In comparison, Ethereum Classic has one of around $16billion, according to CoinMarketCap.

    The Ethereum price is currently sitting at £2,491 ($3,468), compared to £101 ($141) for Ethereum Classic.

    The value of Ethereum Classic has rocketed by more than 700% in just a month though, and was worth £13.74 ($19.14) on April 7.

    The cryptocurrency is going up in value as it “plays catch-up with the wider markets”, Mr Green told The Sun.

  • John Hall

    WHAT IS CRYPTO MINING?

    Mining cryptocurrencies is a complex and energy-intensive process, which requires a lot of computer power.

    Bitcoin is one of the most popular cryptocurrencies, and the process for mining it is similar for other coins.

    Mining Bitcoin requires a computer solving a difficult mathematical problem with a 64-digit solution. For each problem solved, one block of Bitcoin is processed. In addition, the miner is rewarded with new Bitcoin.

    To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of new Bitcoins are produced each day.

    There are about 21million Bitcoins that can be mined, and roughly 18.5 million have been found so far.

  • John Hall

    DOGECOIN 4TH BIGGEST CRYPTO

    Dogecoin is now the fourth largest crypto with a market cap of $76 billion – and the coin which started as a joke is now bigger than everyone expectations, writes Sara Wang for eToro.

    She adds: “We all know the story of Dogecoin, created as a joke by software engineers Billy Markus and Jackson Palmer.

    “We also all know the reasons why Dogecoin has been criticised by investors”:

    • Absence of mining cap and high supply, bitcoin for example has a fixed supply of about 21 million coins, of which not all have been mined yet. Dogecoin on the other hand has more than 129 coins outstanding, with 5 billion in new coins hitting the supply every year.
    • Lack of development, no any development on the coin has been made by the creators since 2015.
    • Not fully accepted for transaction
    • Lack of credibility

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