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Ether Mining no Longer Profitable as Hashrates Decline

by Aisshwarya Tiwari at Altcoins, Blockchain, Ethereum, Mining, News, Platform, Tech

Mining the cryptocurrency ether (ETH) using high-powered computer systems is no longer profitable, stated a CNBC report on November 13, 2018. Individual Mining no Longer Profitable If a recent report by CNBC is to be believed, cryptocurrency’s gold mining days might be a story of the past, as the activity is no longer a profitable one. Crypto enthusiasts will remember the euphoria…

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Cryptocurrency Price Crash May Be Necessary for the Industry to Mature

Category: Altcoins, Bitcoin, Blockchain, Commentary, News

Cryptocurrency Price Crash May Be Necessary for the Industry to Mature

The cryptocurrency industry’s market cap recently fell to its lowest state in over a year after a long period of stability. According to a CNBC interview with entrepreneur Alexis Ohanian, published on November 16, 2018, the founder of Reddit believes that the cryptocurrency price crash may be a necessary step for the industry to mature and provide tremendous value over…

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South Korea: Kakao and Terra Partner to Create Blockchain Ecosystem, dApps, and Stablecoins

Category: Altcoins, Blockchain, Business, Finance, News

South Korea: Kakao and Terra Partner to Create Blockchain Ecosystem, dApps, and Stablecoins

Kakao, South Korea’s largest mobile carrier, has signed a partnership with stablecoin project Terra to collaborate on a blockchain-based payments system, reported Korea Times on November 15, 2018. Kakao and Terra Partnership Kakao’s native blockchain platform “Klaytn” is a highly-scalable protocol with average block times of one second and the ability to deploy decentralized applications (dApps) for end users which…

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KuCoin Cryptocurrency Exchange Raises $20 Million in Series A Round

Category: Altcoins, Bitcoin, Business, Exchange, Finance, Investment, News

KuCoin Cryptocurrency Exchange Raises $20 Million in Series A Round

KuCoin recently raised $20 million in funding in a Series A round led by Venture Capital Firms and included IDG Capital, Matrix Partners, and NEO Global Capital. According to the Straits Times’ article published on November 15, 2018, the cryptocurrency exchange is excited to leverage the newly raised capital and strategic partners to help expand their global reach, develop technology,…

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Troubled Waters as Leading Bitcoin Mining Firm Allows IPO Application Elapse

Category: Business, Finance, Mining, News

Troubled Waters as Leading Bitcoin Mining Firm Allows IPO Application Elapse

One of the world’s largest crypto mining firms, Canaan Inc, has announced its application for an initial product offering (IPO) to the Stock Exchange of Hong Kong (HKEX) lapse. The move has also cast a shadow of doubt on what lies in stock for other cryptocurrency equipment makers: Will there be any more surprises, or will one of the remaining…

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Latin American Residents Can Now Buy Crypto with Fiat on OKCoin

Category: Adoption, Altcoins, Bitcoin, Business, Ethereum, Exchange, Finance, News

Latin American Residents Can Now Buy Crypto with Fiat on OKCoin

The phenomenal rise in the price of Bitcoin and cryptocurrencies in late 2017 saw a lot of new cryptocurrencies, particularly ICOs flood the crypto space. The increase in the number of cryptocurrency projects was met with a proliferation in the number of crypto exchanges. As at the time of writing this article, there were over 200 crypto exchanges on CoinMarketCap….

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Crypto Stocks in Asia in the Red as Bitcoin Sinks to One-Year Low

Category: Bitcoin, Business, Commentary, Finance, News

Crypto Stocks in Asia in the Red as Bitcoin Sinks to One-Year Low

Shares of several cryptocurrency-related companies in Asian markets fell after bitcoin led a sell-off in digital currencies, reaching a one-year low at just over $5,571, Bloomberg reported on November 15, 2018. Asia Crypto-Linked Stocks Fall According to Bloomberg, the fall followed earlier losses among U.S. companies whose businesses are closely related to cryptocurrencies. In Japan, Monex Group Inc., which runs…

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Xerox Awarded Patent for DLT-based Electronic Document Verification System

Category: Blockchain, Business, Finance, News

Xerox Awarded Patent for DLT-based Electronic Document Verification System

According to a patent filing published November 13, 2018, by the U.S. Patent and Trademark Office (USPTO), American print and digital documents solutions company Xerox has won a patent for a DLT-based auditing system that tracks revisions to electronic documents. Increased Authenticity of Electronic Documents Per the filing, the patent was initially filed on February 16, 2016. The patent explains…

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NYDIG Gets Crypto License from New York Regulators

Category: Bitcoin, Blockchain, Exchange, Finance, News, Platform

NYDIG Gets Crypto License from New York Regulators

The New York State Department of Financial Services (DFS) has issued a new BitLicense to the New York Digital Investment Group (NYDIG), allowing it to offer crypto-related services in the state, according to an official DFS announcement published on November 14, 2018. Digital Investment Group Acquires New York BitLicense The New York State Department of Financial Services (DFS) has granted…

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McAfee Labs Report: Crypto-Jacking Malware Mining Several Coins on Host System Detected

Category: Blockchain, Crime, Finance, Mining, News, Platform

McAfee Labs Report: Crypto-Jacking Malware Mining Several Coins on Host System Detected

A report submitted by McAfee researchers on November 12, 2018, claims that a new crypto mining malware capable of mining different cryptocurrencies depending on the host’s system is on the loose. Russian Malware Attacks Global Networks Crypto-jacking malware and its attack vectors are becoming more efficient by the day. A new Russian malware that mines different cryptocurrencies based on the…

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German Crypto Exchange Bitcoin Group SE Acquires Investment Bank Tremmel

Category: Bitcoin, Blockchain, News, Platform, Regulation, Tech

German Crypto Exchange Bitcoin Group SE Acquires Investment Bank Tremmel

German holding company Bitcoin Group SE has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH, the company announced in a press release on November 13, 2018. Bitcoin Group SE Significantly Expands Its Service Portfolio Bitcoin Group SE has reached an important milestone in the expansion of its service portfolio and acquired 100% of the shares in Tremmel…

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