Bitcoin Gets into Mainstream, Futures Trading Rises
Bitcoin (BTC) and its unprecedented price rally resulting in an all-time high value of around $20,000 in January 2018, undoubtedly caught the public’s attention. Despite losing around 80 percent of its price afterward, 2018 was the year which saw the blockchain industry boom in a lot of different verticals. 2018 – A Year of Diversity […]
Crypto Markets Trade Flat Following Christmas Eve Dump
Earlier this week, the crypto markets rose slightly and were able to regain much of their recent losses. This relatively small pump got many investors who viewed it as the “Christmas rally” excited for what was to come, although the bears pushed the markets back down on December 24th. Following this drop, the overall markets […]
Billionaire Mike Novogratz Says Crypto ICO Market is Pretty Much Dead Now
Today, the initial coin offering (ICO) market has pain written all over it. A once-popular mechanism, used by blockchain startups to raise funds using crypto to develop their products, lured speculators into investing billions of dollars for their native tokens. However, a majority of these startups either turned out to be scams or purely incompetent […]
UNICEF Adds Six Blockchain Startups From Developing Nations to its Innovation Fund
International children’s charity UNICEF has announced that it will formally support a total of six new blockchain startups through the UNICEF Innovation Fund. As part of the programme, the firms will each receive a share of $100,000 in funding. Most of the blockchain startups selected for membership in the fund are from a different developing […]
In Bear Market, Korea’s Biggest Crypto Project ICON Showed Solid Progress
A goodbye note from Deblock’s now-former Head of Research revealed the progress of their ICON blockchain project in all these months. And they looked extremely positive. As he left the company to pursue his startup, Markus Jun noted ICON as one of the very few blockchain projects that showed significant accomplishments despite staying inside a […]
Coinbase CEO: Crypto in VR is the Next Big Application of Blockchain
Either it will be the best thing the crypto world will ever experience or a farce in the name of the best thing the world will ever experience. That’s pretty much the discussion around virtual reality (VR), a technology which allows humans beings to experience an immersive illusion of being somewhere else. Many Hollywood blockbusters, […]
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 […]
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 […]
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 […]
Unabashed Bitcoin Bull Thomas Lee Says the Market Is Wrong
Back in May, Thomas Lee, head of research at Fundstrat Global Advisors was predicting a rally to $25,000 by the end of the year. And despite things not playing quite in his favor — the cryptocurrency is currently trading below $3,400 — he’s sticking to his guns. Bitcoin’s fair value, given the number of active […]
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 […]
Bitcoin Gets a Thumbs Up From New York Stock Exchange’s Chairman
Bitcoin has plunged in price in the past year, but the CEO of one of the world’s biggest exchange operators isn’t deterred from entering the space. Jeffrey Sprecher, CEO of IntercontinentalExchange (ticker: ICE) and chairman of the New York Stock Exchange, spoke enthusiastically about cryptocurrencies at the Consensus Invest conference in New York on Tuesday. […]
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 […]
Calvin Ayre: Original Bitcoin Will Live on as Bitcoin SV
Entrepreneur and Bitcoin Cash SV supporter Calvin Ayre: Any time you feel forced to square off to defend yourself or something you value you always need to have an end game plan. For CoinGeek that end game was always making sure there was a version of the original Bitcoin still able to show off its […]
Bitcoin SV Mines 64 MB Block as Support for Bitcoin SV Grows
Bitcoin SV, the new full node implementation for Bitcoin Cash (BCH) mined a 64MB block, the world’s largest ever on a public blockchain. The huge block was mined by CoinGeek Mining, during an on-going Professional Stress Test of the BCH network. Just one hour before, a 38MB block was mined, also using the Bitcoin SV […]
Bank of Thailand: Using Digital Currency Takes Time in Thailand
A plan to use digital currency, instead of cash, will not happen in Thailand within the next 3-5 years, said Veerathai Santiprabhob, Governor of Bank of Thailand (BoT). Mr Veerathai admitted that the use of digital currency, although success in some developed countries, is not easy and takes time because of complication, a readiness of […]
Israeli Investment House Offers Crypto Funds for Institutions
Silver Castle Ltd., Israel’s first dedicated cryptocurrency investment firm for institutional and accredited investors, launched two funds this month and expects to have $50 million under management by the end of the year. The launch comes after a bad year for Bitcoin, which has fallen more than 70 percent from a record high last December. […]
Wall Street’s Crypto Bull Tom Lee Slashes Year-end Bitcoin Price Forecast Nearly in Half
Wall Street’s best-known cryptocurrency bull just cut his bitcoin price target nearly in half. Tom Lee, co-founder of Fundstrat Global Advisors, lowered his year-end target to $15,000 from $25,000 — still well above where the cryptocurrency was trading on Friday. A key driver was bitcoin’s “break-even” point, the level at which mining costs match the […]
