Historians have often said that the only people that truly prosper during a gold rush are the ones that sell pick axes, panning supplies, and other paraphernalia to the would-be miners. Fast forward to crypto mining today, and you have a replay of this maxim before our very eyes – Nvidia (NASDAQ:NVDA), a major supplier…
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Another day, another story about a crypto exchange losing millions in customer deposits, but this story has a bizarre twist that is almost too weird to believe. QuadrigaCX, once the largest Bitcoin-focused exchanges in Canada, revealed today that it could not refund $190 million of client deposits in Bitcoin, Litecoin, Ether, and fiat currency holdings.…
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Analysts are still grappling with the reasons why the crypto market shed nearly $10 billion of market cap last week. Bitcoin, the market leader by far with a 53.4% market share, had suddenly slid from over the $3,500 threshold down to below $3,400. It has since climbed back over this figure, but industry talking heads…
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Ethereum, along with other major alt coins, has taken a major price decrease since its glory days in 2017, when the coin was trading for as high as $1,500. While the price may be going down, the interest in Ethereum Classic is not subsiding at all. As with many major alt coins, the price of…
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Bitcoin is undeniably having a very bad year. The cryptocurrency was trading at $20,000 at the end of 2017. Fast forward to the beginning of 2019, the coin is trading at around $ 3,500. However, cryptocurrency and fintech experts predict that Bitcoin can soar by 84% by the end of this year. The most vocal…
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HBUS, operators of U.S. digital asset marketplace, Huobi.com, has just announced that it has launched fiat-to-crypto trading. HBUS has announced the rebranding of their retail trading service from HBUS.com to Huobi.com last month. Huobi.com clients can now make USD deposits and withdrawals ($100 USD minimum), and trade against bitcoin (BTC), ethereum (ETH) and Tether (USDT).…
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The social network giant Facebook (NASDAQ:FB) has announced that it has made its first acquisition in the blockchain space, hiring the team behind Chainspace, a small blockchain startup founded by researchers from University College London, as earlier reported by Cheddar. The article on Cheddar seems to be the source of this news as little has been…
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The digital asset exchange Kraken has just announced that it has acquired the regulated cryptocurrency trading platform and index provider Crypto Facilities. Crypto Facilities is London-based and is the first FCA regulated entity to list futures on Bitcoin, Ethereum, Ripple XRP, Litecoin and Bitcoin Cash. The company provides CME CF Bitcoin Reference Rate that powers the CME Group’s…
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The ravages of Crypto Winter have been most notable in the investment community, where 80% and sometimes more of crypto valuations have been lost during the long crypto bear market of 2018. The market is still searching for an absolute bottom, while the industry licks its wounds and pushes ahead with development efforts. These efforts…
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Iranian officials have been working diligently in the background, ostensibly to reverse its general ban on cryptocurrencies and to produce a framework that will mesh well with its plans for a national cryptocurrency, to be backed by the Rial and managed by the central bank. The central bank chose the eve of a national Electronic…
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