Barry Silbert: Bitcoin Cash Fork Is a Distraction, Confusing for New Investors
Barry Silbert, founder of Digital Currency Group, has weighed in on the current state of the cryptocurrency industry. Amongst other topics, the early Bitcoin investor and proponent commented on the recent Bitcoin Cash hard fork. Silbert: BCH Fork Was a “Disservice” to the Industry One of cryptocurrency’s early proponents and the founder of blockchain startup […]
ICOs Yet to Liquidate All of Their Ethereum, Could Another Drop be Imminent?
There is still a lot of Ethereum tied up in ICO projects and the fear is that a mass liquidation could send the token back below three figures in price or, even worse, to early 2017 levels. ETH Back to The Stone Age? Ethereum is already in a world of pain, falling to an 18 […]
Bitmain and Huobi Plan Layoffs as Cryptocurrency Crunch Begins to Bite
Two of the world’s biggest cryptocurrency companies have confirmed lay-off plans amid an industry crunch that has seen US$170 billion wiped off bitcoin’s market value this year. Beijing-based Bitmain Technology, the world’s biggest maker of cryptocurrency mining rigs, said in a statement that the company is undergoing “some adjustment to our staff this year” as […]
ConsenSys Plans to Spin out Most of its Startups, and it’s Going to Mean Layoffs
Layoffs are coming to ConsenSys, the Ethereum-focused startup incubator and blockchain technology conglomerate. According to sources at the company, ConsenSys is quickly spinning out startups that it previously supported, which will drastically impact its workforce and leave an uncertain fate for one of the blockchain world’s most ambitious and well-funded startups. ConsenSys runs an internal […]
Facebook Is Developing a Cryptocurrency for WhatsApp Transfers
Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter. The company is developing a stablecoin — a type of digital currency pegged to the U.S. dollar — to minimize volatility, […]
Peter Thiel Invest in Crypto Platform Layer1
Crypto investment and infrastructure platform Layer1 announced today the closing of $2.1 Million in Seed Funding backed by world-class investors, including Peter Thiel, Digital Currency Group, Jeffrey Tarrant, and more. Layer1 takes concentrated bets on promising blockchain protocols and builds critical technology to support their global impact. Layer1’s prominent investors affirm this approach with their […]
Pros Are Ditching the Bitcoin Market, JPMorgan Says
The prolonged digital-asset slump is scaring off institutional players, according to JPMorgan Chase & Co., suggesting a fulcrum for cryptocurrency markets is giving way. “Participation by financial institutions in Bitcoin trading appears to be fading,” analysts including Nikolaos Panigirtzoglou wrote in a research note dated Dec. 14. “Key flow metrics have downshifted dramatically,” including in […]
Blockchain Transparency Institute: Crypto Exchange Volumes Report
Methodologies for our reports have evolved since our initial report focusing primarily on web traffic, followed by our November report, in which we added data collected from exchanges on mobile app usage and API trading. For our December report we’ve taken a deeper dive into specific trading pairs on exchanges which are showing clear evidence […]
Egypt’s Central Bank Studies Issuing Digital Currency
Egypt’s central bank is studying issuing a digital currency, its sub governor Ayman Hussein said at conference in Abu Dhabi on Sunday. The central bank is conducting the feasibility studies in cooperation with a number of international financial institutions, Hussein said, without disclosing names or specifying whether the anticipated currency would be traded for banks […]
Porsche arranges acquisition finance loan on BBVA blockchain
BBVA has negotiated and closed a EUR150 million term loan for Porsche Holdings using blockchain technology. The transaction is the latest in a number of notable DLT-based deals conducted by the Spanish bank with corporate customers, including the arrangement of a EUR150 million syndicated loan for Red Eléctrica Corporación, renewal of a EUR325 million credit […]
Hackers Ramp up Attacks on Mining Rigs Before Ethereum Price Crashes Into the Gutter
Hackers have set off in motion a massive campaign that scans for Internet-exposed Ethereum wallets and mining equipment, ZDNet has learned today. Attackers are scanning for devices with port 8545 exposed online. This is the standard port for the JSON-RPC interface of many Ethereum wallets and mining equipment. This interface is a programmatic API that […]
Bitmain Closing Israeli Development Center
The development center of Bitmain set up in Ra’anana two years ago under Gadi Glikberg will close this week and its 23 employees will be laid off, “Globes” learned this morning. Glikberg, who is a VP at Bitmain, will also leave. The Israeli activity of one of the largest companies in the global blockchain industry […]
Chinese Miners Become the Biggest Bitcoin Short-seller in the Bear Market
The current Bitcoin price chart entirely mirrors this market’s last dismal bear market in late 2014 and early 2015. At that time, veteran miners were keep mining and holding their coins during the dark days and got amazing returns in the subsequent bull market in 2017. “If I mine 30 tokens in the next month, […]
Digital Currency Exchange HBUS to Launch a Billboard Campaign In The U.S.
HBUS, the exclusive U.S. partner of Huobi, the world’s leading digital asset solutions provider, today announced the unveiling of their “Evolved Crypto Trading” billboard campaign. The billboard is located on the busy San Francisco corridor of 3rd Street, between Mission Street and Market Street in downtown San Francisco. As part of the campaign, HBUS will […]
Cryptocurrency CEO Indicted After Defrauding Investors of $4 Million
AriseBank CEO Jared Rice, Sr. was arrested by the FBI on Wednesday, charged with duping hundreds of investors out of more than $4 million in a cryptocurrency scheme, announced U.S. Attorney for the Northern District of Texas Erin Nealy Cox. Mr. Rice, who is also the subject of a civil action filed by the SEC’s […]
UAE Government to Strengthen Global Position in AI, Blockchain Technologies
The Second UAE Government Annual Meetings, held in Abu Dhabi, witnessed the launch of two national initiatives aimed at reinforcing the artificial intelligence, AI, and Blockchain sector to strengthen the UAE leading position globally. During the meeting held by the AI and Blockchain Joint Working Group, attendees tackled the appropriate mechanisms to attract foreign investment, […]
Bitfinex Announces Tether Neutrality and Launches New Stablecoin Pairs
Continuing our heritage of providing a neutral, coin-agnostic platform, from today Bitfinex users will be able to trade Tether-fiat directly on our platform through the addition of USDT/USD and EURT/EUR Tether trading pairs. This replaces the previous 1:1 conversion on deposits and withdrawals provided by Bitfinex, and reflects the increasing range of choice in the […]
Crypto Exchange Bitstamp Chooses Irisium’s Market Monitoring Platform
Irisium Ltd, a leading provider of market monitoring and analytics software for exchanges, regulators, buy-side and sell-side firms, and Bitstamp, the largest cryptocurrency exchange by trading volume in Europe, today announced a partnership to implement the Irisium monitoring platform on Bitstamp’s exchange. Irisium’s state of the art holistic monitoring technology will complement Bitstamp’s commitment to […]
