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 […]
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 […]
Bain-Backed Crypto Startup Closes as Securities Laws Bite
The worst thing you can call a cryptocurrency project isn’t a “scam” or a “Ponzi scheme” — although many have been called that. It’s a “security.” By casting digital assets in with stocks and bonds, the more stringent rules governing those traditional asset classes will be applied to cryptos. For proof of what that can […]
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 […]
Mike Novogratz Explains Why He’s Still All-In on Crypto
No one on Wall Street embraced cryptocurrencies with as much gusto as legendary trader Mike Novogratz. After Jamie Dimon called Bitcoin a “fraud”in September 2017, Novo, as he’s known, predicted, correctly, it would hit $10,000 and keep climbing. The former hedge fund manager and Goldman Sachs Group Inc. partner became an unlikely hero of the […]
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, […]
Bitcoin Falls as Technical Indicators Point to More Pain in 2019
Bitcoin is turning negative again. And the technicals aren’t looking too good either going into 2019. The largest cryptocurrency slumped as much as 5.9 percent to $3,668.09 on Wednesday, approaching the more than one-year low of $3,522.58 reached on Nov. 26. After a few days of relative stability, volatility has increased again in the wake […]
Thailand Speeds up Blockchain Adoption Despite Bitcoin Plunge
Thai cryptocurrency exchange pioneer Satang Corp. is defying the recent meltdown in virtual currencies with plans raise $9.9 million in a security token offering early next year, as the government accelerates adoption of the blockchain technology behind virtual currencies. Satang’s plan has the backing of the Thai government, which wants to make Thailand a center […]
Nasdaq Will List Bitcoin Futures From Next Year
The cryptocurrency will hit the New York-based exchange’s boards in the early part of next year, subject to the nod of approval from the Commodity Futures Trading Commission (CFTC). The move will mark a step change in how the decade-old crypto accelerates acceptance and mass adoption throughout the world. Joseph Christinat, Vice President of Nasdaq’s […]
CanonChain MainNet Launched by the end of 2018
Dr. Chong Li, Chief Architect and Head of Research at CanonChain, announced plans to launch CanonChain MainNet by the end of the year. Under the protocol of CanonChain, a decentralized supercomputer can be initiated through the underlying Blockchain technology. As a result, user-end IoT devices can be connected to provide services to each other through […]
