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  NEWS Google has delisted eight allegedly fraudulent mobile apps from its Play Store that were duping crypto enthusiasts by charging fees for an illegitimate cloud mining service.  Fraudulent mobile applications have now become a popular method to mislead unwary users with high success rates. Trend Micro’s latest research discovered eight Android applications that were exploiting crypto users by charging a monthly fee under the false pretext of running a legitimate cloud mining service. Further analysis into the matter uncovered that the malicious apps hosted by Google — posing as crypto mining applications — were deceiving users into watching paid ads and paying for a cloud mining service that does not exist. According to the report, users were not only being charged a monthly fee of approximately $15 but were also subject to more payments for enabling “increased mining capabilities.” In addition, some of the apps required an upfront payment from the user. The repo...

PRICE ANALYSIS Select altcoins are likely to move higher even as Bitcoin price takes a breather after hitting $50,000 for the first time in months. Bitcoin ( BTC ) rallied above the psychological hurdle at $50,000 today for the first time since May 15. The sharp rally of the past few days has turned the sentiment bullish, with many expecting the resumption of the bull run. Morgan Creek Digital co-founder Anthony Pompliano told CNBC on Monday that Bitcoin could make a blow-off top, similar to the one seen in 2017 when the price had surged from “$10,000 to $20,000 in 18 days.” Daily cryptocurrency market performance. Source:  Coin360 The Crypto Fear & Greed Index has risen to 79, indicating extreme greed. Just a month back, the indicator was showing a reading of extreme fear at 22. This shows how the sentiment has changed completely within a few days. In other news, on August 22, PayPal announced that it will provide cryptocurrency services to the residents ...

Are you on the same page as I am? I’m getting a strong vibe that cryptocurrencies like Bitcoin are in the incubation stage of infancy, but sooner or later… BOOM! Away We GO! If you share the same or similar thoughts, then you and I both know that NOW is the time to scrounge up as much Bitcoin as we can while the general masses have little clue as to what it is. Because once they figure it out, it will be too late to make bank. I’m not, by any means, an expert on investing in cryptocurrencies , but I know enough to want to be apart of what I believe will be an extraordinary tool for economic growth. In my own opinion investing in Bitcoin now could bring massive profits daily for those who learn and take the initiative. But isn’t it wild that Bitcoin and other cryptocurrencies are completely digital yet still need to be mined? Which brings me to the point of how you can  get free bitcoins  automatically. 1. Want Free Bitcoins? MINE them! Now don’t go run and get your hardhat y...

The bitcoin has rolled back  above $50,000 per bitcoin for the first time since May. Meanwhile, double-digit gains among other major cryptocurrencies —including ethereum, Binance's BNB, cardano, and Ripple's XRP—helped the combined crypto market value climb to over $2.1 trillion, up from $1.1 trillion in July. Ahead of the latest bitcoin and crypto price surge higher, a poll of mostly banking executives found most think bitcoin and digital assets could replace fiat currencies like the U.S. dollar within the next five to 10 years—a shift described as "seismic.  "We uncovered several findings that illustrate a seismic shift in financial services resulting from the evolution of blockchain -based digital assets," consultants led by Linda Pawczuk at the accountancy company Deloitte wrote alongside   a report   that found 76% of finance professionals think bitcoin and crypto could serve as an alternative to or replacement for fiat currencies in the next fiv...

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Subscribe Photographer: Paul Yeung/Bloomberg China’s digital yuan will help banks become more competitive in the payments sector after steadily losing out to popular technology platforms over the years, according to Moody’s Investors Service. “We expect adoption of e-CNY to help reinforce banks’ position in the payments system because it will enhance their data collection ability and broaden their user bases,” analysts led by Zedric Cheung said in a report Thursday. China is already a largely cashless society, thanks to huge popularity of digital payment tools operated by  Tencent Holdings Ltd.  and  Ant Group Co. Ltd.  Their dominance has led to spillover effects on banks, such as more customers moving bank deposits to money market funds run by the tech firms, according to the report. The e-CNY -- developed by the central bank and now under trial in a dozen cities -- adopts a two-tier structure, where the central bank issues the digital currency to authorized commer...

Bitcoin has had a relatively flat week as it takes a breather after recent excitement. The market leader hit highs of around $48k over the weekend, though fell to a low of $44k early this morning. It’s currently back changing hands for just over $45k, but resistance at around $50k is looking hard to beat at the moment.   Despite this, the market is still feeling positive. The Fear and Greed Index, which measures market sentiment, continues to sit comfortably in the “Greed” area. It has now been in the “Greed” area for more than a week, the first time it’s had such a prolonged streak since early May. There was especially good news this week from AMC, the cinema giant, who announced they will look to begin accepting bitcoin by the end of the year.   The big concern continues to be relatively-low volumes, with the activity on the leading spot exchanges declining again of late. The 7-day average real bitcoin trading volume pushed towards $7 billion last week, but we’re now back do...