After posting big losses in the last couple of sessions, bitcoin gained a lot of momentum in today’s trading, jumping almost 5% from the previous close. It is currently trading above the $14,200 mark with a market capitalization of $236 billion. Source: CoinMarketCap However, three other major cryptocurrencies have been struggling during Monday’s trading, due to…
Many new TRON (TRX) investors seem to be at their wits end with the current bearish fall of the cryptocurrency, that once saw daily gains over 100, a few days in a row, in the first week of January. Justin Sun, TRX’s cryptocurrency founder, has a very impressive resume with being named in Forbes’ 30…
Bitmain Considers Expanding Bitcoin Mining Into Quebec, Canada According to a report by Reuters, Chinese mining giant Bitmain Technologies is looking to expand its bitcoin mining operations into Quebec, Canada as the company seeks alternatives amid expectations of a possible crackdown by the Chinese government on anonymous trading of cryptocurrencies. China is currently home to…
Cryptocurrencies continue to take a beating in China and South Korea – two major markets – as preventative legislation is ramped up to combat what they see as tax evasion and excessive speculation. China has today announced the banning of centralised trading of Bitcoin and other cryptocurrencies amid an ongoing crackdown, targeting websites and apps…
Bitcoin price reversed some of the earlier losses in Monday’s trading, currently trading above the 14,000 level thanks to the trading strategy of buying the digital currency after the dip that some people use. Bitcoin lost considerable value last week, amid uncertainties related to the Chinese and South Korean governments. However, Bitcoin price jumped more…
After a terrible week last week, Ripple has extended the downward streak in Monday’s trade. Ripple is one of the most volatile cryptocurrencies since the start of this year. After rallying massively to an all-time high of $3.84 and claiming the second spot in the crypto charts with a market capitalization of $123 billion on Jan…
Just Like Stocks, Cryptocurrencies Have Risks Although no one could predict the patterns in which cryptocurrencies move with the same kind of precision that we do with stocks, these assets do share certain common traits with equity investments. First, like some stocks, cryptocurrencies are volatile and sensitive to any kind of related news (like how…
If you mentioned cryptocurrency in a conversation with someone in passing last year, most people just assumed you were talking about Bitcoin, but now it seems those times have changed. Altcoins have strongly emerged in the mainstream light after Bitcoin futures contracts began trading on major exchanges in mid-December. The price of Bitcoin has now…
The most cost-efficient Bitcoin miners are application-specific integrated circuits (ASICs) which are specifically designed for mining. The largest ASIC producer is currently Bitmain, a Chinese company headed by Jihan Wu. Bitmain Antminers account for a large percentage of the total hash rate. Both the S9 and L3+ models are currently sold out. A new contender for…
Using Bitcoin to send donations is a well-worn and proven concept, and 2017’s unprecedented bitcoin gains have enabled various early adopters to launch philanthropic endeavours. Wikileaks became the first to take advantage of bitcoin for donations in 2010, and has championed its use ever since. The first rush of mainstream charities accepting donations was in…
