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Bitfinex-Tether episode hardly affects stablecoin; continues to be pegged with cryptos despite systematic risk
The Bitfinex/Tether episode made headlines in the crypto community over the past week. The repercussions were felt even in the market as Bitcoin [BTC] plummeted by almost $400 after news broke out that Bitfinex used Tether reserves to cover up its undisclosed losses, speculated to amount to $850 million. дальше »
2019-5-1 19:30 | |
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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General
Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses. дальше »
2019-5-1 01:22 | |
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Bibox promises 25 percent of net profit into repurchasing and burning BIX tokens every quarter
The cryptocurrency ecosystem has witnessed integration with major technologies since its inception. Despite being in its formative years, the cryptocurrency exchanges have significantly evolved. A promising platform in the cryptocurrency ecosystem is – Bibox. дальше »
2019-4-30 14:30 | |
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Billionaire Remains Bitcoin-Drunk Despite Crypto Firm’s Insane $272 Million Loss
By CCN. com: According to a Bloomberg report, billionaire investor Mike Novogratz’s Galaxy Digital Holding Ltd. lost more than $272 million in 2018 amidst an intense crypto bear market. From January to December 2018, the valuation of the crypto market dropped from $813 billion to $113 billion by 86 percent as the bitcoin price crashed from its peak at $20,000 to $3,150. дальше »
2019-4-30 22:10 | |
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Despite Tether Concerns, Notable Analysts Remain Bullish On Bitcoin (BTC)
What many thought would never happen did on Thursday. Just days after Tether Limited, the company behind the USDT stablecoin, minted $300 million worth of its crypto asset, reports revealed that its operator, iFinex, may be on thin ice. дальше »
2019-4-28 00:00 | |
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KISS Rock Band’s Gene Simmons Tells Pomp He is Bullish on Bitcoin Despite Volatility Concerns
Gene Simmons, Kiss’ Frontman, seems to be bullish about Bitcoin (BTC) and its future. With a net worth of $300 million, the co-founder of Kiss participated at a recent crypto event for family offices. дальше »
2019-4-27 19:47 | |
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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means
The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million. дальше »
2019-4-27 01:30 | |
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$850 Million Bitfinex Bombshell Disproves Crazy Bitcoin Conspiracy
By CCN: ShapeShift CEO Erik Voorhees made a valid observation on Twitter today, pointing out that there’s some degree of irony in the charges potentially facing embattled Bitcoin exchange Bitfinex: Tether had the cash reserves, despite wide speculation that the company had issued far more crypto tokens than it could settle. дальше »
2019-4-27 00:35 | |
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A Putin-opposing politician has raised more than $3M in Bitcoin
Despite a recent survey showing that most Russians actually know very little about Bitcoin and cryptocurrency, it appears that one politician is a little more au fait with the technology. The man who is thought to be Vladimir Putin‘s main opponent, Alexei Navalny, has received over $3 million (591 BTC) worth of donations in Bitcoin over the last three years, CoinDesk reports. дальше »
2019-4-24 11:56 | |
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EOS Price Heads to $5 Despite Hitting 1 Million Account Milestone
Even though Bitcoin still shows no signs of slowing down, the top alternative markets wouldn’t mind to see things turn around ever so slightly. More specifically, all of the top altcoins are still in the red, with the EOS price drifting slightly lower every hour. дальше »
2019-4-24 10:43 | |
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Financial Giants still Investing in Blockchain despite Bear Markets
Venture Capitals, technology firms and financial institutions are actively investing in blockchain technology startups building infrastructure for the cryptocurrency industry, though they are still wary of bitcoin and altcoins due to their volatile nature, according to a Reuters report on April 18, 2019. дальше »
2019-4-20 01:00 | |
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Ethereum [ETH] co-founder’s Consensys seeks massive investment from external sources after significant layoffs
Companies and organizations in the field of cryptocurrencies have been trying hard to go mainstream, despite the significant losses incurred over the bear run that occurred over the past few months. дальше »
2019-4-16 10:15 | |
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North Korea’s $700 Million Crypto Theft Chest Could Fund Nukes: Report
Despite the heavy international sanctions it is under, North Korea has continued its weapons of mass destruction (WMD) programs undeterred thanks to the sanctions-circumvention tactics the hermit kingdom has developed. дальше »
2019-4-15 14:27 | |
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A Beginner’s Guide to Trading on Bittrex
Bittrex is a U. S. -based cryptocurrency exchange that has been in operation since 2014. Despite only being ranked #52 on the list of top exchanges by 24-hour trading volume, with $44. 2 million traded daily, it is one of the most popular crypto exchanges in the crypto space. дальше »
2019-4-11 17:00 | |
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Litecoin Price Watch: Could LTC Value Slide Back to $70 or Lower
Today's Litecoin (LTC) News Thing is, Litecoin is on a roll and up 4.5X after bottoming out in mid-January. From $20 to $85 at the time of press an impressive feat but even so, there is this argument that Litecoin, despite the $5,183 million capitalization and a founder with no holding of the fifth most […] дальше »
2019-4-11 16:03 | |
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Bithumb Losses Totalled $180 Million in 2018 Bear Market, Company Reports
Despite healthy sales growth, exchange Bithumb still suffered major losses last year, the company says
дальше »2019-4-11 13:29 | |
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QuadrigaCX Starts Bankruptcy Proceedings
It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million. дальше »
2019-4-10 17:39 | |
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Record-Breaking Wrestlemania 35 Puts WWE on Pace for a Billion Dollar Year
Wrestlemania 35 was another huge hit for the WWE franchise last night, putting the company on track to make a billion dollars in revenue this year. With 82,265 fans in attendance, last night’s event pulled in $16. дальше »
2019-4-8 12:14 | |
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Bitcoin at $5,000: What Has Changed Since 2017
This article was originally published by 8btc and written by Olusegun Ogundeji. Bitcoin has crossed the $5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019. дальше »
2019-4-4 18:42 | |
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Cryptocurrency mining firm posts massive $58M loss
Bitcoin and other cryptocurrencies might have had a good week so far, but it’s not quite enough to make up for this Nasdaq-listed cryptocurrency mining firm‘s 2018 losses. In its 2018 financial report, released yesterday, cryptocurrency mining firm Riot Blockchain posted a $58 million loss. дальше »
2019-4-3 17:25 | |
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Ripple (XRP) Performance Poor despite Increasing Bank Partnerships
Ripple prices stable but bullish Federal Bank has a partnership with Ripple Inc Increasing prices will lift participation levels above 20 million Fidelity Investment will forge on and develop supporting infrastructure as they aim at hedge funds, pension funds and professional investors despite falling—but recovering digital asset prices. дальше »
2019-3-30 20:00 | |
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TechCrunch Founder: I’ve Never Been More Bullish on Crypto
By CCN. com: On Thursday, Michael Arrington, the founder of TechCrunch and Arrington XRP Capital, has said that he has never been more bullish on crypto. I've never been more bullish about crypto than I am right now. дальше »
2019-3-30 14:37 | |
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Crypto Winter Thaws as Bitcoin Investment Firms Raise Nearly $275 Million
Down more than 82 percent from its all-time high at $813 billion, the crypto market technically remains neck-deep in a 15-month long bear market that began in January 2018. But, in recent months, with support from some of the largest financial institutions in the global market, the crypto industry has seen significant progress in areas including institutionalization, regulation, and adoption. дальше »
2019-3-29 20:40 | |
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New York Fraudster Faces 20 Year Sentence for Facebook Crypto Scam
New York resident Patrick McDonnell AKA “Jason Flack” was arrested and charged with nine counts of wire fraud in a Brooklyn court on Tuesday. McDonnell allegedly convinced others to “invest” in cryptocurrency through Facebook and Twitter, stealing the money for his own use and providing false balance statements in return. дальше »
2019-3-28 01:04 | |
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Cryptocurrency scammer pleads guilty in $4M fraud case
AriseBank CEO Jared Rice, who faced 120 years in prison for defrauding investors of $4 million in a cryptocurrency scam, has pleaded guilty. The cryptopreneur plead guilty yesterday morning after standing in front of judges in Texas, local outlet Dallas News reports. дальше »
2019-3-21 17:54 | |
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New Interest-Yielding BlockFi Accounts Gather $25 Million from Investors for Institutional Borrowers
Even before the emergence of BlockFi, the crypto marketplace had welcomed a host of crypto-backed lending startups. Some had even announced a lot of irresistible offers, including zero-interest loans for all and instant disbursement of funds. дальше »
2019-3-21 23:55 | |
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Celer ICO Raises $4 Million on Binance Launchpad Despite ‘Issues’ in 17-Minute Sellout
Changpeng (CZ) Zhao has revealed Binance Launchpad experienced its highest demand ever with the Celer Network token sale. Indeed, Celer Network’s token sale sold out of 597,014,925 CELR tokens in a mere 17 minutes and 35 seconds on the Binance Launchpad, but not without any issues. дальше »
2019-3-20 20:43 | |
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Breaking: Lyft Valued at $19.5 Billion, Set to Beat Uber to Stock Market IPO
Ride-hailing company and Uber competitor Lyft will go public with 30. 8 million shares at between $62 to $68 a pop. The announcement would value Lyft at $19. 46 billion at the upper end of the spectrum. дальше »
2019-3-18 14:10 | |
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China’s Resurgent Stock Market is Seeing Profits Flow Into Bitcoin
China is returning to Bitcoin investment despite its ongoing trading ban, data suggests this week as the Bitcoin price holds higher. Yuan No. 2 Entry Fiat Currency Statistics gathered by monitoring resource Coinlib showing capital inflow into bitcoin and other cryptocurrencies puts the Chinese yuan (CNY) in the top entry currencies. дальше »
2019-3-18 12:00 | |
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Elon Musk Secures $500 Million in Chinese Bank Loans for Tesla Gigafactory Despite CEO Eject Threat
Elon Musk might be fighting for his job in the U. S. , but his company is on track to achieve its dream of mass producing its Model 3 sedans in China. The company has secured over $500 million in loans from Chinese lenders as it inches closer to building its vehicle and battery Gigafactory in China. дальше »
2019-3-9 17:25 | |
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Bitcoin mining profits rise for first time in over a year
Despite news in recent months that cryptocurrency mining establishments have been shutting down, or ending contracts, profits earned from Bitcoin mining have begun to rise, blockchain research group Diar reports. дальше »
2019-3-5 17:51 | |
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Disney CEO Bob Iger is Poorer by $13.5 Million Despite Masterminding $71 Billion Fox Deal
Disney’s merger with 20st Century Fox is set to continue as Disney alters its current agreement with Bob Iger, slashing his potential bonus by $13. 5 million. While CEO Bob Iger helped orchestrate the deal between Disney and Fox, sidestepping Comcast in a major bidding war, his salary has been an issue of controversy since March. дальше »
2019-3-5 15:24 | |
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RChain’s Recently Released Financials Show Substantial Losses Despite $22.2 Million for Its ICO
RChain, a company that has set out to become the completion of Ethereum, published the financial statements to show the comparison between last year and this one. The statement from 2018 showed that the cooperative was able to reach $22. дальше »
2019-3-5 07:51 | |
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Tron’s TRX Cryptocurrency Remains A Top 10 Coin But Has Over 2 Million User Accounts
Tron Remains At The Bottom Of The Top 10 Cryptos But Reaches 2 Million Accounts Tron (TRX) has seen some mixed times lately. While the token has definitely seen some important growth, it has fallen from the 9th to the 10th position by market cap, according to CoinMarketCap (CMC). Despite falling from the 9th place, […] дальше »
2019-3-5 02:35 | |
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Tron Price Comes Under Pressure Despite Hitting 2 Million Accounts Milestone
When it rains, it pours, even in the cryptocurrency industry. Bitcoin is raining down upon all other currencies and eroding their support levels in rather quick succession. Even the Tron price is under a lot of pressure right now, as its value has dipped below $0. дальше »
2019-3-4 12:36 | |
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Cash App Posts Record High Bitcoin Sales, $52 Million in Q4 2018
Cash App, Square’s popular payments app, sold a record high $52 million worth of bitcoin in the last quarter of 2018. Cryptocurrency sales on the app have steadily increased through the course of 2018 despite the bear market, which could indicate growing retail interest. дальше »
2019-3-1 12:53 | |
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Binance Moves More Bitcoin In A Day Than Square Did in All of 2018
Bitcoin trading volume on Square and Binance are a key metric for cryptocurrency investors who track the market’s movements. Unlike much of the cryptocurrency exchange industry, which suffers from inflated figures, investors trust Binance and Square’s numbers. дальше »
2019-3-1 09:29 | |
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Pangea Blockchain Fund Raises $22 Million in Seed Funding Round
According to a press release published February 27, 2019, Pangea Blockchain Fund has successfully closed its seed round after raising $22 million. The firm debuted its maiden international fund which will be utilized to develop robust blockchain solutions. дальше »
2019-2-28 16:30 | |
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Whales Moved A Total of $396 Million Worth of Bitcoin in the Past Month
Despite the cryptocurrency market crash which has ravaged the industry for more than a year now, data show continuing interest in Bitcoin and other cryptocurrencies. Latest transaction information shows that $396 million worth of Bitcoin was moved by whales in the last month. дальше »
2019-2-25 17:17 | |
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Company Evades SEC Penalty Despite Illegally Issuing Security Tokens
The U. S. Securities and Exchange Commission (SEC) has decided not to impose a penalty on a company that had issued security tokens without its approval and without qualifying for an exemption. The company raised approximately $12. дальше »
2019-2-22 09:15 | |
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NEO Founder: Blockchain Infrastructure Not Ready for Mass Adoption
Bitcoinist spoke with NEO founder Da Hongfei at NEO DevCon in Seattle, who gave a detailed vision of the road ahead. Blockchain technology is still ahead of its time. Despite NEO’s evolution mirroring that of the wider Crypto market over the past 12 months, charismatic founder Da Hongfei assures an attentive audience at NEO DevCon that the ‘smart economy’ project remains perfectly fiscally healthy. дальше »
2019-2-21 02:00 | |
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NEO Founder: Blockchain Will Develop in Layers Like The Internet
Bitcoinist spoke with NEO founder Da Hongfei at NEO DevCon in Seattle, who gave a detailed vision of the road ahead. Blockchain technology is still ahead of its time. Despite NEO’s evolution mirroring that of the wider Crypto market over the past 12 months, charismatic founder Da Hongfei assures an attentive audience at NEO DevCon that the ‘smart economy’ project remains perfectly fiscally healthy. дальше »
2019-2-21 02:00 | |
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Grayscale Investments’ Bitcoin Trust Posted $2 million Weekly in New Investments in 2018
In the last quarter of 2018, the bitcoin market experienced a slump that led to a significant decline in value and several blockchain-related firms closing down. Despite the bear market, some firms were still able to come out on top, one of which is Greyscale bitcoin trust, the creators of GBTC. They have reported that […] дальше »
2019-2-17 04:49 | |
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New research shows bees can do math
The humble honeybee can use symbols to perform basic maths including addition and subtraction, shows new research published today in the journal Science Advances. Despite having a brain containing less than one million neurons, the honeybee has recently shown it can manage complex problems – like understanding the concept of zero. дальше »
2019-2-16 20:00 | |
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Report: Crypto Exchanges Saw Trading Volumes Plummet in January
The crypto winter that started toward the end of last year doesn’t appear to be showing signs of slowing down. Digital assets like bitcoin lost more than 80 percent of their value while the overall crypto market cap shrunk from over $600 billion in January 2018 to less than $138 billion in December 2018. дальше »
2019-2-15 20:17 | |
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Spend App Now Supports Litecoin In Over 40 Million Stores Worldwide
Following a somewhat disappointing 2018, Litecoin has proved that it can rise from its ashes and succeed despite the pessimism of many. Having surpassed Bitcoin Cash (BCH) in market cap, Litecoin (LTC) has been able to remain stable in fifth place in the global rank, behind BTC, ETH, XRP, and EOS. дальше »
2019-2-14 01:40 | |
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Despite Crypto Losses, GMO Internet’s Bitcoin Mining Business Had A Solid 2018 Posting $197 Million In Profits
Despite Crypto Losses, GMO Internet Had A Solid 2018 The Japanese IT giant GMO Internet, Inc. was a prominent piece of the crypto mining manufacturer industry in the country last year. However, despite being part of the industry, which had severe losses at the end of 2018, the company had a very positive report on […] дальше »
2019-2-13 03:33 | |
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