Category : Bitcoin

Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business

Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U.S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter. In premarket trading at the time of...

Global Charity Oxfam Launches Blockchain Project to Empower Cambodian Rice Farmers

Global charity organization Oxfam has launched a blockchain technology platform aimed at enhancing the transparency and traceability of the rice supply chain in Cambodia. Known as BlocRice, the app uses distributed ledger technology to implement smar...

The Daily: Bitsane Introduces Tether-Euro Pair, Covesting Launches in Gibraltar

In Friday’s edition of The Daily, we look at Bitsane’s decision to list tether (USDT) and trade it against the euro. We also cover two other recent announcements in the crypto-space. Digital asset trading platform Covesting is launching o...

Binance the Latest Exchange to List Goldman Sachs-Backed USDC Stablecoin

Leading cryptocurrency firm Binance has become the latest exchange to list the USDC stablecoin. In a statement, the cryptocurrency exchange indicated that trading of the USDC and bitcoin (USDC/BTC) pair, as well as the Binance token and the USDC (USD...

Financial Analyst Gary Shilling Shorts Bitcoin: It’s a ‘Grand Ponzi Scheme’

Financial analyst Gary Shilling said his eponymous New Jersey investment firm, A. Gary Shilling & Co., is shorting bitcoin because it’s “some kind of a grand Ponzi scheme.” Shilling told CNBC that he’s troubled by the opaq...

Crypto Market Recovers, But Could Bitcoin Price Fall to $4,800?

After recording one of the worst sell-offs in all of 2018, the crypto market has experienced a minor corrective rally, adding $8 billion to its valuation. The Bitcoin (BTC) price is approaching a resistance level at $5,600, a minor resistance level B...

Poles to Pay 19% Tax on Income From Cryptocurrency Transactions

The government of Poland recently submitted amended income tax regulations for approval by President Andrzej Duda. The updated framework, which includes provisions referring to cryptocurrencies, is expected to enter into force on Jan. 1, 2019. Also...

Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments

The reserve banks of Canada, Singapore and the United Kingdom have singled out central bank digital currencies as being one of the solutions that can be implemented in order to solve the challenges encountered when making cross-border payments. The r...

Web Giants Censor Bitchute and Bloom

Another week, another slew of projects banned by major web platforms. Paypal has ejected Bitchute, a Youtube competitor that champions free speech, while Facebook has banned ad campaigns by Bloom that promoted a rival service. The deplatforming of th...

Central Bank of Azerbaijan Rules Out Issuing Cryptocurrency

The Central Bank of Azerbaijan (CBA) has indicated that it does not intend to issue a state-backed cryptocurrency, also known as a central bank digital currency (CBDC). Speaking to reporters in Baku on November 15, CBA first Chairman Alim Guliyev sta...

Crypto Exchange Huobi Dismisses 6 of Its 10 Employees in Brazil: Report

Major cryptocurrency exchange Huobi has recently dismissed 60% of its workforce in Brazil, a country it entered a few months ago. While the motive behind the move is currently unclear, competition in the country could be the culprit. According to loc...

Hash Wars: ABC Chain Leaps More Than 50 Blocks Ahead

All eyes were on the Bitcoin Cash network today as the blockchain split into two after the last common block was found on the chain at height 556766. So far both chains have been chugging along, but at the time of writing, the ABC side is well over 5...

Stablecoins Demand More Trust than Fiat Currency

This article about the problem with stablecoins was written by Kevin Murcko, the CEO at cryptocurrency exchange, CoinMetro, and forex broker, FXPIG. Stablecoins — digital coins which peg their value rigidly to the dollar, the euro, or a collage of n...

Has Crypto Exchange KuCoin Proven its Legitimacy by Raising $20 Million?

Singapore-based KuCoin, a major crypto exchange with an active and loyal user base, has secured $20 million in a funding round led by $20 billion venture capital firm IDG. Michael Gan, the CEO of KuCoin, wrote, “Today, we are thrilled to announ...

OSL chief explains forking in cryptocurrencies

Bitcoin fell to its lowest in 2018 this week. Wayne Trench of OSL explains the "fairly unique market event" called forking that drove the price down.