News

The crypto-winter is affecting billion-dollar players in the cryptocurrency market. After the much-publicized layoffs at ConsenSys, SpankChain, and Steemit, mining equipment manufacturer Bitmain is reportedly cutting down 50 percent of its total workforce, alongside shutting down its entire Bitcoin Cash (BCH)-focused division. Bitmain Bins BCH Division As per a report on SCMP on Dec. 26, […]

Reports from the Central Bank of the Bahamas indicate that Tether Ltd. may have never deposited funds into the country. These findings could suggest that Tether may be holding their reserves elsewhere, or not have any reserves at all. In either case, the results could be catastrophic for the cryptocurrency markets. Investors have become increasingly […]

Binance is adding new XRP trading pairs for the holidays, including TRX/XRP and XZV/XRP. Furthermore, the ETH Trading Market will be renamed to the ALTS Trading Market, allowing for the possibility of more trading pairs with different quote currencies in the future. Ripple has had a strong month of partnerships and has effectively weathered the […]

Coinbase, one of the most-used cryptocurrency exchanges, moved approximately $5 billion in cryptocurrency, claiming the title of “largest crypto migration on record.” The transfer included 5 percent of all BTC, 8 percent of all ETH, and 25 percent of all LTC in circulation. According to a blog post on Dec. 19th, Coinbase announced that it […]

Americans and their Christmas lights consume a staggering amount of energy. For December alone, these glowing ornaments consumed 4.5 terawatt-hours of electricity, more than the annual consumption of Laos. Fortunately, the new Festivus ICO is looking to reinvent Christmas spirit. Problems with Bitcoin One of the major problems with Bitcoin is how much energy it […]

One of the oldest questions in cryptocurrency is whether Bitcoin is tethered to the performance of the overall stock market. The current crypto market rally could indicate that Bitcoin and other altcoins are independent from dips in U.S. stocks. The U.S. Stock Market Plunges Up until the Q3 of this year, the stock market has […]

South Korea’s largest cryptocurrency exchange, UpBit, faces criminal charges after top executives were formally indicted by the country’s legal prosecutors, as reported by Business Korea on December 21, 2018. Three senior exchange executives, including founder Song Chi-Hyung, were arrested by local authorities on charges of fraud. The arrests come after complaints were filed against the […]

Strangely enough, the cryptocurrency exchange Bitfinex has introduced margin trading for Tether’s controversial stablecoin, USDT. The purpose of USDT is to trade at parity with the dollar, providing the stability of the dollar with the utility of a cryptocurrency. In an unusual announcement, Bitfinex has introduced a feature to enable margin trading, the process of […]

Coinbase’s CEO and co-founder Brian Armstrong has a vision for how Bitcoin and other cryptocurrencies will profoundly impact society. The market was euphoric as Bitcoin and Ethereum approached $20,000 and $2,000. Speculators imagined that this would be the next “paradigm,” and if they didn’t buy-in today they would forever miss once in a lifetime 1000-fold […]

Once the domain of hobbyists, digital currency first grabbed public attention in 2017 thanks to the meteoric rise of the price of a single Bitcoin to nearly $20,000. But for the payments industry—companies that enable fast, secure and affordable payments for merchants and consumers—the trade in Bitcoins was less compelling. Rather, it is the underlying […]