Paying the Price: WeChat Merchants Banned From Crypto Payments

On May 7, Dovey Wan, founding partner of crypto investment firm Primitive Ventures tweeted that the Chinese social media behemoth and payment service provider WeChat is set to ban merchants from making cryptocurrency payments. This ban marks the latest effort to stymie cryptocurrency usage in China, with the government also mulling over ways of greatly decreasing the presence of crypto mining on its soil.

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Hodler’s Digest, May 6–12: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

Binance, one of the largest cryptocurrency exchanges by daily trade volume, experienced a security breach this week, losing a little over 7,000 bitcoins (BTC). CEO Changpeng Zhao stated at the time that the bitcoins were withdrawn from its hot wallets,

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Hodler’s Digest, April 29 – May 5: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers

According to documents released by USD stablecoin tether’s (USDT) lawyers, the company behind the stablecoin only has enough fiat reserves to back a little less than three-quarters of its existing supply — 74%. Tether executives had previously publicly promised that each tether was backed one-to-one to the USD,

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Hodler’s Digest, April 15–21: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

FinCEN Takes First Enforcement Action Against Peer-to-Peer Cryptocurrency Exchanger

In an apparent first, the United States Financial Crimes Enforcement Network (FinCEN) has given a penalty to a California resident who has been accused of wilfully violating money transmission laws as a peer-to-peer virtual currency exchanger. The department noted that the move marks its first such enforcement action,

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Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project

According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper,

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Hodler’s Digest, March 25–31: Top Stories, Price Movements, Quotes and FUD of the Week

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Owner of ICO That Never Happened Attempts to Sell Project on eBay for $60,000

The owner of a crypto-related startup dubbed Sponsy, which never launched its initial coin offering (ICO), is attempting to sell the project on eBay for $60,000. The project is described as a blockchain-related identity that is able to launch both an ICO and a security token offering (STO),

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Hodler’s Digest Feb.18-24: Top Stories, Price Movements, Quotes and FUD of the Week

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Tesla CEO Elon Musk Compliments Bitcoin’s Structure, Sees Future With No Paper Money

Elon Musk, tech entrepreneur and CEO of Tesla, said this week in an interview that Bitcoin’s (BTC) structure is “quite brilliant.” Speaking to advisory services firm ARK, Musk noted that digital currency is “a far better way to transfer value than pieces of paper.” However,

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Hodler’s Digest, Jan. 21–27: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

CBOE Withdraws BTC ETF Rule Exchange Request From SEC Amid Gov’t Shutdown

The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has withdrawn its request for a rule change from the United States Securities and Exchange Commission (SEC) in order to list its Bitcoin (BTC) exchange-traded fund (ETF).

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Hodler’s Digest, Jan.7–13: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

Altcoin Ethereum Classic Reportedly Undergoes 51 Percent Attack

Earlier this week, the Ethereum Classic (ETC) reportedly underwent a 51 percent attack. In the aftermath, crypto exchange Coinbase noted that upwards of $1.1 million in crypto was double spent during the time of the deep blockchain reorganization.

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Hodler’s Digest, Dec. 24–30: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

Nvidia Faces Class Action Lawsuit Over Losses After Lower GPU Mining Demand

Graphics processing unit (GPU) producer Nvidia is currently facing a class action lawsuit over losses that the company reported when lower crypto prices lowered demand for GPUs by miners. The Schall law firm announced the lawsuit this week,

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Hodler’s Digest, Dec 10-16: Top Stories, Price Movements, Quotes and FUD of the week

Top Stories This Week

CEO of Defunct Mt. Gox Exchanges Faces Ten Year Jail Sentence Over Embezzlement

Mark Karpeles, the former CEO of now-defunct Japanese Bitcoin exchange Mt. Gox, could be facing a ten-year jail sentence over charges of embezzlement. Karpeles, who headed the exchange during the major hack in 2014 that resulted in the loss of 850,000 BTC ($2.87 billion at press time),

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Bitcoin Price Drops, IPO’s and an NYSE Bitcoin Market: This Week in Crypto


Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify or wherever you get your podcasts.

Price Watch:

  • The bitcoin price is down 15% this week following strong gains of 9% last week and 18% the week before that.

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Bitcoin (BTC) Price Watch: Bulls Defending Correction Level

Bitcoin Price Key Highlights

  • Bitcoin price is still in correction mode but appears to be finding support at the nearest Fib.
  • A bounce from current levels could take it back up to the swing high and beyond.
  • A move lower, on the other hand, could indicate that a deeper pullback from the uptrend is in order.

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Bitcoin (BTC) Price Watch: All Eyes on this Area of Interest

Bitcoin Price Key Highlights

  • Bitcoin price busted through its short-term channel and the top of a longer-term descending triangle.
  • Price is now making its way to the area of interest around $8,000 that might make or break the rallies.
  • Strong bullish momentum could take it past this former support region,

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Bitcoin Price Booms, App Launches and Acquisitions: This Week in Crypto


Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes or wherever you get your podcasts.

Also make sure you check out last weeks interview with Bridge CEO Stephen Hyduchak.

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Worst Not Yet Over for Bitcoin Price: BitMEX CEO Arthur Hayes


Seems like that anticipated trip to the Lambo dealership will have to be put off for later.

According to the co-founder and CEO of Bitcoin Mercantile Exchange, Authur Hayes, the rally that bitcoin has experienced this week was accompanied by healthy volumes, making it possible for higher levels to be reached.

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