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French Residents Will Soon Be Able to Buy Bitcoin (BTC) in Local Tobacco Shops

November 23, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Bitcoin, News

KeplerK, a France-based fintech firm has established a strategic partnership with tobacco shops in the region to enable them to sell bitcoin (BTC) to cryptocurrency enthusiasts in the state starting from 2019, reported Reuters on November 22, 2018. KeplerK Fueling Bitcoin Adoption Amidst Per sources close to the matter,...

Miners Having Trouble Staying Profitable as Bitcoin Prices Fall

November 23, 2018 by Priyeshu Garg at Bitcoin, News

Bitcoin prices have fallen nearly 30 percent during the second half of November, hitting a 13-month low of $4,400, leaving many miners struggling to stay profitable, the South China Morning Post reported on November 21, 2018. As Bitcoin Prices Fall, Mining Cryptocurrencies Is No Longer Profitable for Many Prices of...

Computing Rigs Powering the Cryptocurrency Mining Industry

U.S. Bitcoin Mining Pioneer GigaWatt Files for Bankruptcy in Washington

November 23, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Mining, News, Platform, Tech

GigaWatt, one of the earliest players in Central Washington's bitcoin boom, has filed for bankruptcy protection, making it the latest casualty in an industry hammered by falling prices, the Seattle Times reported on November 21, 2018. Washington Bitcoin Pioneer Seeks Chapter 11 Protection In the latest twist in an entrepreneurial...

California-Based Silvergate Bank Files for IPO to Boost Cryptocurrency Services

November 22, 2018 by Pratik Makadiya at Bitcoin, Blockchain, News, Platform, Tech

Silvergate Bank, based out of La Jolla, CA, is preparing to go public with a price target of $50 million, according to the documents filed and submitted to the securities regulators. It would be listed in the New York Stock Exchange (NYSE) under the ticker “SI”. The bank is a...

SEBA Crypto AG Teams up With Loomis International to Build a Tempest “Level A” Deep Cold Storage

November 22, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News, Platform, Tech

Swiss cryptocurrency startup SEBA Crypto AG has announced November 22, 2018, a new partnership with Loomis International, an arm of Sweden-based Loomis Group that has been a leading global provider of logistics solutions for valuables. Under the new partnership, both companies will collaborate to build a Tempest "Level A" Deep...

Bitcoin, Ether, and XRP Weekly Market Update December 23, 2019

Bitcoin, Ether, and XRP Weekly Market Update: November 22, 2018

November 22, 2018 by Georgi Hristov at Bitcoin, Blockchain, Business, Ethereum, Exchange, News, Platform, Tech

During the last seven days, we saw the biggest crash the in crypto market for 2018. Total market cap dropped with 32 percent, to $140 billion and all of the Top 100 currencies registered heavy losses. BTC/USD Bitcoin is in a downtrend since November 14 when it broke below the $6,000...

Study Reveals The Majority of Crypto Hedge Funds Suffered Loses

Study Reveals The Majority of Crypto Hedge Funds Suffered Losses

November 22, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

The overly-optimistic forecasts predicting a bitcoin-led era of cryptocurrencies by the end of 2020 are increasingly seeming like a distant fragile dream. More so now than ever as the most popular digital asset in the world has dipped below $5000. This downward spiral of bitcoin, according to many analysts, is due...

The Winds of Change Have Begun to Blow for Cryptocurrencies in Malaysia

November 22, 2018 by Priyeshu Garg at Adoption, Bitcoin, Blockchain, Finance, News

Despite the recent slump the crypto market has experienced, industry analysts believe that digital currencies such as bitcoin, have the potential to be aggressively embraced by local investors in the next financial cycle, the Malaysian Reserve reported on November 21, 2018. Malaysian Investors Shouldn't Be Quick to Dismiss Cryptocurrencies Just...

Regulations Rock Markets but Bitcoin Has to Play Ball

Meet the Traders who Paid a 100 Percent Premium for Bitcoin in December 2017

November 22, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Business, Exchange, Finance, News

Who were the people who participated in what may be one of the most poorly timed trades of 2017, and paid a premium for Bitcoin of more than 100 percent, Bloomberg investigated in a report on November 21, 2018. Paying a 100 Percent Premium for Bitcoin It's safe to say...

Busted: Manhattan 21-Year old Arrested For $1 Million Cryptocurrency Theft

November 22, 2018 by Aisshwarya Tiwari at Bitcoin, Business, Crime, Finance, News, Platform

Nicholas Truglia, a 21-year old con man, residing in Manhattan, New York, was arrested by the local police at his apartment for hacking into others mobile phones to steal cryptocurrencies, reports New York Times on November 20, 2018. 21 Felony Counts for Trying to Steal Cryptocurrencies According to the officials,...

Cornell Uni Professor: Digital Currencies Could Allow Central Banks to Stay in the Game

November 22, 2018 by Priyeshu Garg at Bitcoin, Finance, Interviews, News

Cornell University professor Eswar Prasad is the latest prominent figure to come out in support of digital currencies, suggesting that central banks should issue their own currencies in order to remain in the money game, Bloomberg reported on November 19, 2018. Cryptocurrencies Could Allow Central Banks to Stay in Money...

Spain: Financial Watchdog Intensifies Efforts to Make Cryptocurrency Holders Pay Tax

November 21, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Finance, News

It may soon no longer be business as usual for bitcoin (BTC) and altcoins investors in Spain as the nation’s tax authority, the Agencia Estatal de Administracion Tributaria (AEAT), has reportedly identified at least 15,000 distributed ledger technology (DLT) based virtual currency holders and is now set to make them...

Japanese Largest Shipping Line to Launch Digital Currency to Pay Crew Members

Japan’s Largest Shipping Line to Launch Digital Currency to Pay Crew Members

November 21, 2018 by Pratik Makadiya at Adoption, Bitcoin, Blockchain, Business, News

Japan’s shipping line powerhouse Nippon Yusen KK is set to introduce its own digital currency for internal use, specifically to pay its seafaring workers, reports Bloomberg, November 20, 2018. The move is aimed towards minimizing the hassle and costs of the process of managing, sending and converting money to their...

Bitcoin Mining Giant Bitmain Launches Data Center in Washington Despite Crypto Crash

November 21, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, News

World's leading bitcoin mining hardware manufacturer, Bitmain has launched a new $20 million data center for cryptocurrency mining in the East Wenatchee area of Washington, United States, actively expanding its global digital assets mining operations despite the ongoing bitcoin price slump, reported NW news network on November 18, 2018. ...

Catalonia Turns to Blockchain Technology For Electronic Voting System

November 21, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, News

Catalonia, an autonomous community, located in northeastern Spain may be looking to adopt distributed ledger technology (DLT) for external e-voting, to make it easier for citizens residing outside the region to participate in the electoral process, according to local news source La Vanguardia on November 19, 2018. Catalonia Seriously Considering...

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