Bitcoin miners in China are increasingly looking for diversification out of the country because of the anticipated crypto mining ban, the Chinese government’s thoughtful position regarding cryptocurrency, and the increasing pressure from the ongoing trade war with the US. Squire Mining to Host 41,000 ASICs Canadian-based blockchain firm Squire Mining, a leading miner in the…
Lawmakers in India have proposed a crypto bill that is considered by many to be ludicrous. The country is clamping down on cryptocurrency with an extreme proposal that would make Bitcoin and crypto ownership completely illegal. Those caught holding, mining, owning, or trading any digital asset could face a prison sentence of 10 years. The bill…
According to a Bitwise report, there is foul play in the crypto industry because it is unregulated, which makes exchanges culpable to manipulation as some even inflate their trading volumes. The Bitwise researchers have discovered that up to 95% of trading volumes are fraudulent. This is where Ripple steps in. Ripple Working to Enhance Accuracy…
According to CNBC, Facebook will announce its cryptocurrency later in June. Further, those working on the project will be able to take their salary in its new currency—the Facebook coin. Let’s check this out; here’s what we know. Facebook Coin: To Be Announced in Late June Rumors have surfaced for months now about Facebook’s new…
It’s a big week for OkCoin, with the crypto exchange launching in the EU. Here’s everything we know about the launch. OKCoin Launches in EU: The Details On Tuesday, June 4, OKCoin posted a blog post that said it is opening up euro pairs to traders. For non-United States users, starting yesterday, the crypto exchange’s…
Amsterdam-based crypto exchange Blockport is facing uncertainty and has declared bankruptcy after its security token offering (STO) failed to meet minimum expectations, ending up in disaster. Blockport Files for Bankruptcy After STO Failure Between April 16 and May 15, Blockport launched a token sale in which the exchange sought to raise $5.62 million, but things didn’t…
According to sources from news outlet money.pl, a Polish cryptocurrency exchange known as Coinroom has shut down abruptly and disappeared with all its customers’ funds in tow. The Polish exchange, first registered in 2016, has even deleted its Twitter page. Coinroom Shuts Down The news outlet reportedly received an email from one of the exchange’s…
Bitcoin (BTC) is pulling lower after doubling in value following a massive surge from 2018 lows. The flagship cryptocurrency remains under immense bearish pressure after a 130% plus rally since the start of the year. Bitcoin Price Analysis A rally past the $8,000 mark had for the first time, in months, reinvigorated investor interest on…
According to a study executed by Gartner, 90% of the blockchains in use today will be obsolete or need complete replacing in only a couple of years. The Gartner blockchain study doesn’t sound too good, but it’s not all bad news. The Gartner Blockchain Study Gartner’s study says the following: “By 2021, 90% of current enterprise…
Some weeks back, Facebook indicated that it was launching a cryptocurrency payment service called Project Libra. The company has had a series of talks with various e-commerce companies as well as financial firms seeking support for the payment service. The latest discussions involve the US Commodity and Futures Trading Commission regarding Facebook’s stable coin initiative: GlobalCoin.…
