BCause LLC, a cryptocurrency mining operation in Virginia Beach that converted to being a mining server farm supporting other mining operations, is seeking the protection of the bankruptcy court under Chapter 11. Its mining subsidiary, BCause Mining LLC, is also named in the court filings. According to legal filings of its two major creditors, BCause…
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HBUS, the operator of the U.S.-based digital asset marketplace Huobi.com, has just announced its latest listing of Cardano (ADA) and Nebulas (NAS) with BTC, ETH, and USDT trading pairs. Deposits for Cardano and Nebulas will open on April 24, 2019 at 12:00am PST with trading and withdrawal set to commence on April 25, 2019 at…
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The Mt. Gox tragedy continues along its slow and dreary trail. Some 24,000 creditors are awaiting any kind of announcement that a possible distribution of recovered proceeds could occur in the not too distant future. The bankruptcy trustee has recovered $400 million by selling remaining Bitcoins during the 2017 to 2018 time period, but the…
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The largest US cryptocurrency exchange, Coinbase, is closing its Chicago office and scales down the development of its matching engine. The news comes from Fortune Magazine. The Chicago office of Coinbase was actually opened in 2018, as the company considered this to be a great move to tap into the city's great financial positioning, as…
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Samsung, the South Korean electronics giant, is reported to be developing its very own blockchain network on Ethereum and also considering the opportunity to launch its very own Samsung Coin in due course. According to press, the blockchain team that is developing the blockchain mainnet based on Ethereum is part of the wireless division of…
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Despite the fact that the cryptocurrency market is up and going in 2019, Ripple has not had a very bright start of the year. The thing is that Ripple has not managed to increase its value to a support level of $0.32 and has declined massively against the USD and BTC. According to analysts, the…
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Bitcoin enthusiasm is sweeping the globe. Price behavior over the past three months for the first-ever-known cryptocurrency has been in a word – spectacular. No longer is the diatribe about more winter, but more about springing into the upper realms of paradise once lost. The general agreement now is that a firm bottom of $3,100…
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The long-anticipated launch of the Bakkt exchange has been delayed twice, with the latter part of 2019 now its expected inauguration, but the reasons for the current delay has escaped everyone in the crypto community because neither the management of the Bakkt exchange nor the folks over at the Commodity Futures Trading Commission (CFTC) have…
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According to a survey, conducted by Coincierge.de, 27% of young Germans believe that bitcoin will more than double in value in 2 years. The poll was taken between 10th – 17th April 2019 and surveyed 2,054 German adults to gauge their attitudes towards bitcoin. At the time of the poll, the bitcoin price was 4,446…
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Ambo has just announced that it has launched its cryptocurrency wallet on the Apple App Store, which acts as a fiat gateway to the Ethereum token economy. The company was founded by Jai Bhavnani, joined by CTO Richter Brzeski and CMO Jack Lipstone, and has been recently acquired by MyCrypto. None of the decentralized financial…
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