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For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $ 200 billion, and ETH exceeding $ 100 billion.
Also Read: Report: Quadriga’s 6 Cold Wallets Have Been Without Funds Since April 2018
February saw the highest volume for BTC trade in one year, with BTC pairings generating nearly $ 206.37 billion in trade during the last 30 days.
Most cyberattacks in the crypto space involve hackers finding a way around the security of crypto exchange platforms and gaining access to users’ funds. Last year saw the entry of a new breed of cyber extortionists that seems to be gaining ground, so much so that they were able to steal over $ 300,000 in bitcoin (BTC) tokens in 2018.
According to a report by research and risk assessment firm Digital Shadows, this scam was committed through a wide array of “sextortion” blackmail strategies, which included the weaponization of emails.
The financials at crypto mining giant Bitmain aren’t looking too pretty. That’s based on an updated filing with the Hong Kong Stock Exchange that shows the company lost about $ 500 million in the third quarter of 2018. According to a recent report by CoinDesk that cites the non-public filing, Bitmain earned roughly $ 500 million in the first […]
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Writing for Market Watch Tuesday, Aaron Hankin asserts that Bitcoin’s price plunge along with the NASDAQ and other equities benchmarks in Q4 2018 proves Bitcoin is more like a tech stock than digital gold as some Bitcoin proponents have characterized it. Typically when soft assets like stocks and bonds are in free fall, investors’ money flees into hard assets like precious metals for shelter from the market turbulence. That’s exactly what happened with gold in Q4 2018. As Wall Street crashed and burned, the spot price of gold was buoyed by investors looking for relief from the hemorrhaging. If Bitcoin
Darknet markets are going as strong as ever, if Chainalysis data is to be believed.
In its latest Crypto Crime Report, published earlier this week, blockchain analytics firm Chainalysis reports that darknet market activity has nearly doubled throughout 2018. After a slump in late 2017 and early 2018 due to the closure of two major online marketplaces for illicit activity — AlphaBay and Hansa — volume has since almost completely recovered to early-2017’s all-time high levels, surpassing $ 600 million worth of bitcoin for the year.
In recent peer-to-peer (P2P) market action, Latin American Localbitcoins trade has continued to show strength after producing record volume last month. In other news, P2P trade between the euro (EUR) and BTC has posted its strongest volume in 10 months.
Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay
EUR/BTC trade on Localbitcoins has recorded its strongest week since posting record trade when measured against fiat currency at the end of March 2018.
Shares of aviation giant Boeing Co. surged on January 30, after the aerospace contractor reported that its earnings and profits for the fourth quarter of 2018 were significantly higher than expectations of Wall Street analysts. Amongst other things, this report provided a rather upbeat outlook for the 2019 financial year. According to the company’s reported earnings, net income grew to $ 3.42 billion, up from the $ 3.32 billion that was reported the previous year. Also, adjusted earnings per share rose from $ 5.07 to $ 5.48. The company’s revenues for the quarter stood at $ 28.34 billion as well, significantly beating the $ 1 billion
$ 1.7 billion was stolen from cryptocurrency exchanges, custodial services, and in ICO exit scams in 2018. That’s a dramatic rise from the year before, despite the shrinking market. And according to the Q4 CipherTrace Cryptocurrency Anti-Money Laundering Report, that money needs to be laundered. But here’s the kicker: with a global wave of regulations going into effect later this year, laundering cryptos will be increasingly harder to do. CCN caught up with Dave Jevans, CEO of CipherTrace and co-chair of the Cryptocurrency Working Group at the APWG.org to find out what this means. Like Taking Candy from a Baby Of
Cryptocurrency lender Genesis Capital provided $ 500 million worth of digital asset loans in the fourth quarter of 2018 alone, soaring almost 100 percent from six months earlier, when the company started its lending business. Altogether, loans reached $ 1.11 billion for the whole of last year.
Also read: Iran in Talks With 8 Countries for use of Cryptocurrency in Financial Transactions
According to the U.S. company’s Q4 Digital Asset Lending Snapshot published Jan. 30, the loans were issued to corporate borrowers such as hedge funds and trading firms mainly in the form of BTC, ETH and other virtual currencies.
Game company investments, into market leaders like Epic Games, doubled an already record figure for gaming investments in 2017. Epic Games, developer of Fortnite – the world’s most popular videogame – saw the greatest single investment in 2018 of $ 1.25 billion. Epic Games $ 1.25 Billion Funding Round is the Largest non-IPO Gaming Investment Ever A first-quarter 2019 report from Digi-Capital, as reported by VentureBeat confirmed the latest industry statistics. Gaming investments reached $ 5.7 billion in 2018. Double the record figure for 2017. Epic Games, riding on the global success of online-game Fortnite, led by raising $ 1.25 billion from investors. Epic’s huge
A report recently published by Diar has estimated that nearly $ 15.42 billion of value was added to the market capitalization of the combined cryptocurrency markets in the form of newly created tokens and crypto asset inflation during 2018.
Also Read: Bitcoin Climbs up China’s First Crypto Ranking of 2019
According to Diar’s report, new crypto asset value created during 2018 is estimated to comprise more than 12 percent of the current combined cryptocurrency market cap.
By CCN.com: Patrick Springer spent 20 years working for Morgan Stanley as an investment specialist. Specifically, his job was to help institutional investors make informed decisions in global equity markets. Now, despite the bitcoin market meltdown, he’s flung himself headlong into crypto becoming an advisor for Polybird Exchange. Why? Because “it’s important for people to challenge
The post Exclusive: Markets Will Take Time to Digest 2018 ‘Crypto Meltdown’, Says Former Morgan Stanley MD appeared first on CCN
In today’s edition of The Daily, we cover a reflection on the passing year by the cryptocurrency mining technology giant Bitmain, a mobile app released by social network Memo and new turnover figures from a Bitcoin ATM network in Australia.
Also Read: South Africa Wants to Mandate Registration of Crypto Services
Bitmain, the Beijing-headquartered bitcoin mining technology giant, has been the topic of many discussions recently relating to its IPO application process, downsizing and more. A lengthy new blog post the company published today touches on these subjects and highlights some of the milestones the company has achieved in 2018. These achievements include the development of a 7nm ASIC chip for SHA-256 mining, launching hardware for powering artificial intelligence applications, investing in Circle and funding open-source projects.
The 2018 end-of-year report by Nielsen-owned gaming research company SuperData has revealed that so-called freemium games – games that are free to play but typically enable microtransactions for users to purchase upgrades and gizmos – are dominating the entertainment market, generating a massive $ 88 billion in the past year. Unsurprisingly this segment also known as
The post Freemium Isn’t Free! Free Mobile Games Generated a Whopping $ 61 Billion in 2018 appeared first on CCN
Cryptocurrency payment processor BitPay, which was founded in 2011, had a record year for revenue in 2018, as the company’s B2C and B2B operations grew substantially. BitPay Sees Record Year for Revenue in 2018, with $ 1 Billion in Transactions https://t.co/s3fVrm3kZw #Fintech #Blockchain pic.twitter.com/Z6d2x2c1fW — BitPay (@BitPay) January 16, 2019 According to a recent announcement, BitPay processed over $ 1 […]
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According to a report from Dapp.com, dApps had about 1.5 million users over the course of 2018, the first full year they were measured. The most active dApp category across platforms was gaming, followed by betting. Of the 1.5 million total users of dApps across platforms, nearly 800,000 were on Ethereum. The Ethereum dApp ecosystem
The post Less Than 1.5 Million People Used dApps in 2018 appeared first on CCN
Over the last two years, as cryptocurrencies gained mainstream attention, scammers have become far more prevalent. One particular social media scam that can be found on prominent websites like Twitter, Facebook and Instagram is the impersonation of well-known crypto industry executives and blockchain luminaries. Unfortunately even a verified account means nothing these days and these giant corporations have allowed fraudulent acts to flourish giving criminals the opportunity to rake in millions.
Also read: Analysis: Using Technical Indicators to Trade Crypto in 2019
The use of blockchain technology to help secure internet of things data, services and devices doubled last year, Gemalto research suggests.
CoinDesk
Finance company Circle claims its over-the-counter (OTC) cryptocurrency trading desk swapped a notional volume of $ 24 billion last year. The Boston-based company’s Circle Trade desk reportedly executed more than 10,000 cryptocurrency settlements between 600 unique counterparties in 2018.
Also Read: New Full Node Client ‘Bitcoin Verde’ Joins the BCH Ecosystem
Over the last year, SludgeFeed has published more than 2,000 articles… mostly within our three areas of focus: cryptocurrency, technology and gaming. In this time, we’ve had the pleasure of interviewing a number of crypto and esports industry leaders, partnered with companies to improve transparency and accuracy of reporting, and even launched a cryptocurrency index […]
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