Bitcoin (BTC) and Ethereum (ETH) Plummet – Over the weekend, $42 billion was wiped off the cryptocurrency market as FUD spread over a small North Korean exchange hack. Coinrail announced the hack via their website calling it “system maintenance.” The small Korean exchange stated that these hackers stole up to 30% of the digital tokens…
One of the biggest criticisms of proof-of-work mining is that it leads to a high level of miner centralization, where a few miners control over 50% of hashing power on the network. On Bitcoin, the top four mining pools contribute over 50% of the hashing power, while on Ethereum, the top three mining pools contribute over…
Canada Crackdown – The Canadian government just announced that going forward it will regulate any businesses “dealing in virtual currency” as Money Services Businesses (MSBs). This move is aimed at protecting Canada’s financial ecosystem from potential terrorist financing activities and money laundering. Canada considers money service businesses as those that handle money, but are not…
Decades before Bitcoin, the arrival of the internet prompted speculation that the relentless march of information technology would eventually put central banks in the same category as typewriters and cassettes—obsolete inventions that people once thought would last forever. The rise of cryptocurrency has rekindled this debate, and it is now being explored by one of the…
The sun rises in the east: (Monday) The first bit of positive news for the week started off in Japan with US-based exchange Coinbase announcing they are going to open up shop in the country and appointing a former JP Morgan investment banker Nao Kitazawa as CEO of the branch. Also, the Hong Kong-listed Japanese financial…
VEN, soon to be known as VET, is the native token used to interact with the Vechain network. Along with other ERC-20 switchers like EOS, TRX and ONT, VEN has seen a surge in its trading volumes due to anticipation surrounding the launch of its own Mainet. From an initial listed price of 0.25088 in…
Key Highlights: Bitcoin Cash price held steady for the past few days, trading in the $1,050-1,150 range throughout most of the week. BCH/USD is heading for an upside break, now on a bullish trend line testing a major resistance of $1,125. A major support level has been established at $1,080. BCH/USD Heading For Upside Break…
By now, most people are aware that Codius is coming back. This in itself is big news, but the relaunch of the smart contract platform is making waves for two other reasons. First, people are talking about it because the product will not be launched through Ripple, but rather by Coil. Second, there is speculation…
Bitcoin day traders appear to be on the rise. The Financial Times reports that there is as much Bitcoin (BTC) owned by short-term speculators as there is by HODLers, or long-term investors, now. Bitcoin Day Traders Catching Up Blockchain research company Chainalysis discovered the Bitcoin data. This data shows that the amount of BTC held…
Ripple (XRP) started the week off making headlines, and it appears to be ending the week in the same way. On Monday, we saw positive Ripple news hit the market. First, the company donated $50M to Universities across the globe. Second, XRP was listed on the SBI Holdings crypto exchange. Today, we have seen both positive…
