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Gemini Becomes World’s First Crypto Exchange to Complete a SOC 2 Review

January 31, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Exchange, Finance, News

Gemini, a U.S.-based regulated cryptocurrency exchange and custodian, has announced the completion of its Service Organization Control (SOC) 2 Type 1 examination conducted by Big Four auditor, Deloitte & Touche LLP. The examination makes it the first cryptocurrency trading platform and digital assets custodian in the world to demonstrate the...

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U.S. Congress Passes Bill to Investigate Crypto’s Role In Sex Trafficking

January 31, 2019 by Tokoni Uti at Altcoins, Bitcoin, News, Regulation

On January 28, 2019, U.S. Congress passed a bill to commission an investigation into the role played by cryptocurrency and online markets in global sex trafficking. Following the Trail On January 28, 2019, the Fight Illicit Networks and Detect (FIND) Trafficking Act of 2019 (H.R. 502) was passed by the...

The Underbelly of Crypto Universe: Terrorist Group Seeks Donations in Bitcoin

January 31, 2019 by Priyeshu Garg at Bitcoin, News, Regulation

On January 29, 2019, Izz ad-Din al-Qassam, the armed wing of the Hamas group announced that they are now accepting donations in bitcoin. This move comes after the organization’s financial isolation due to banking bans. The U.S. and Europe already designate Hamas as a terrorist group. Cash-Strapped Due to Banking...

Nvidia Blames China and Drying Crypto Mining Business for Disappointing Q4 2018 Results

January 30, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Finance, Mining, News, Regulation

According to a report by VentureBeat published on January 28, 2019, U.S. GPU manufacturing company Nvidia’s stock fell by more than 15 percent on Monday over fears of the company’s poor performance in the crypto mining industry. The company has revised its Q4 2018 revenue estimate, which now sits at...

Premier Belarus Bank to Launch Crypto Exchange Despite Bear Markets

January 29, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Exchange, Finance, News

Belarusbank, the largest bank in Belarus, has reportedly revealed plans to launch a cryptocurrency exchange regardless of the ongoing crypto winter that has triggered more than 80 percent drop in the price of bitcoin, this according to local news source, BelTA, January 28, 2019. Bullish Bank According to Belarus 1...

Bitcoiners Increasingly Dumping Bitcoin for Gold Investments in 2019

January 28, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, News

Following the ongoing slump in the price of bitcoin and other blockchain based virtual currencies, experts in the finance sector including the CEO of Van Eck Associates, Jan Van Eck, has revealed that more and more cryptocurrency holders are now pumping funds into gold as a means of diversifying their...

Former Trump Cabinet Member Joins Crypto Firm

January 28, 2019 by Tokoni Uti at Altcoins, Bitcoin, Business, News

Ryan Zinke, the former Secretary of the Interior Department will be joining 'Artillery One', a Cryptocurrency Investment firm, as Managing Director following his earlier resignation from the department, this according to a report from VICE News, January 25, 2019. Bullish Behavior Ryan Zinke is known for being the former Secretary for...

Mining Bitcoin no Longer Profitable, JPMorgan Says

January 26, 2019 by Priyeshu Garg at Bitcoin, Commentary, Finance, Mining, News

The drop in the price of Bitcoin has rendered a large percentage of mining operations unprofitable, with only low-cost mines in China operating without losses, Bloomberg reported on January 25, 2019. Diminishing Returns The plummeting price of almost all cryptocurrencies has affected every sphere of the crypto industry, with everyone...

Bitcoin and Ether Market Update: January 9, 2020

Bitcoin and Ether Market Update: January 25, 2019

January 25, 2019 by Georgi Hristov at Altcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, News, Price Analysis

There was little change in global market cap value since Wednesday, January 23 as bitcoin, ether, and XRP are all trading sideways. BTC/USD Bitcoin lost $40 of its value to $3,600 on the CBOE ETF withdrawal news on January 23. It quickly recovered and stabilized around 3,620 by the end...

Unphased By the Bear Market, Bitcoin Use Soars On the Darknet

January 25, 2019 by Tokoni Uti at Adoption, Bitcoin, Blockchain, Crime, Exchange, News, Platform

A January 18, 2019, report from Chainalysis has revealed that the amount of bitcoin spent daily on the darknet doubled in 2018 despite the crash in crypto markets. The Crypto Dealings of the Darknet Many internet users are familiar with or have at least heard of the darknet. The darknet...

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