Famous American economist Joseph Stiglitz, who won the Nobel Prize for his 1995 Report of the Intergovernmental Panel on Climate Change, thinks we should “shut down” cryptocurrencies. In a recent interview with CNBC, Stiglitz cites his concern over the illicit use of digital currencies as reasoning to shut down crypto networks, including Bitcoin (BTC). “I […]
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Crypto Media Outlet BreakerMag to Shut Down
Breaker Magazine, an editorially independent site owned by SingularDTV, LLC, now operating as Breaker, is reportedly shutting down. According to a recent report by The Block’s Frank Chaparro, who cites individuals familiar with the matter, the decision to shut down operations comes amid a runaway burn rate and failure to find a proper, sustainable business […]
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BitMEX CEO Doubles Down on $50,000 Bitcoin (BTC) Price Target
Arthur Hayes, the CEO of cryptocurrency trading platform BitMEX, recently shared that he sees Bitcoin eventually working its way up to $ 50,000 — with $ 10,000 still his current target for the end of 2019. In an interview with Venture Coinist, Hayes broke down his thesis that the current global shift back toward quantitative easing will help […]
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Darknet Buyers Flock to Wall Street as Dream Winds Down
As the darknet’s largest market prepares to wind down, its second largest is taking the strain. When Dream closes for good at the end of April, Wall Street will become the largest darknet market (DNM), at least until Dream’s successor launches and can prove its legitimacy. Paranoia has pervaded the darknet in recent weeks amidst uncertainty over marketplace integrity and a string of high profile busts.
Also read: The Darknet’s Largest Marketplace Is Closing – But a Replacement Is on Its Way
How a Large Cash for Bitcoin Deal Goes Down
AJ is a British bitcoin miner who loves privacy and hates KYC. When he needs cash to pay his bills, he meets bitcoin buyers in person. EZ is a full-time bitcoin trader who spends his days driving from city to city buying and selling BTC. This week, the two strangers met to conduct a $ 20K trade. News.Bitcoin.com watched the deal go down, noting the steps each party took to protect their assets.
Also read: What It Takes to Air a TV News Channel Devoted to Crypto Assets
Up & Down: BTCP and ABBC Plummet Amid Controversy
Liquidity has shifted away from the top gaining crypto assets, with only six of the week’s 30 top performing markets currently riding 24-hour volume of seven figures or higher in USD. ABBC comprises the most liquid of the week’s top losers, currently ranking as the sixth poorest performing market of the last seven days after the resolution of the court case between Abbc Coin and Alibaba.
Also Read: Quadrigacx Co-Founder a Convicted Fraudster
BTCP Comprises Second Worst Performing Market of Last Seven Days
Bitcoin private (BTCP) is currently ranking as the worst performing market of the past week after shedding nearly 47% of its value in seven days.
ShapeShift Releases 6-Part Crypto Docuseries: ‘Down the Rabbit Hole’
Crypto exchange company ShapeShift has released its first original production, Down the Rabbit Hole, a six-part documentary featuring some of the more interesting people and stories in crypto’s brief history. 🍿🛋 ShapeShift & Chill? Binge watch all six episodes of ’Down the Rabbit Hole’ now! Gain access to the videos here: https://t.co/YSsrRuAnGW @dieguito @ErikVoorhees @Melt_Dem […]
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Double Down Your Bitcoin Security by Utilizing 2FA Services
After obtaining your first bitcoins on an exchange, you’ll want to keep them safe, even if the funds are only sitting there temporarily. One way to keep your crypto secure online is by using two-factor authentication (2FA). Security is of utmost importance when it comes to storing cryptocurrency in an online wallet and 2FA adds another layer of protection over and above a strong password.
Also read: Regulations Have Ruined the Physical Bitcoin Industry
Stranger Things: The Upside of Down Bitcoin Prices
The bitcoin price correction of 2018 should actually help force the market as a whole to mature in 2019, writes the CEO of Seed CX.
CoinDesk
Dow Jones Rockets after Report Claims Trade War Winding Down
Led by the Dow Jones Industrial Average, the stock market rocketed after reports that the US was to begin lifting tariffs imposed on Chinese imports. However, the market pared those gains after subsequent reports indicated that no such plans had been made. Dow Jones Leaps 250 Points Before Falling Back The Dow rose over 250
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Hong Kong Crypto Exchange BitMex Shutting Down Trading Accounts in the US and Quebec
The Hong Kong-based bitcoin futures exchange BitMex, is pulling the plug on trading accounts in the US and in the Canadian province of Quebec amidst growing regulatory restrictions in North America. Although BitMex is one of the most active bitcoin trading platforms in the world with a current turnover of $ 928 billion, the trading platform
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Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless
A user contacted CCN with information related to Giga Watt, a Bitcoin mining company finally going out of business after declaring bankruptcy in November 2018. The firm lasted a little over a year, launching with an ICO model in September 2017. The business model of Giga Watt was slightly different than other hosted mining solutions.
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Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price
The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. The authors, David Andolfatto and Andrew Spewak, conclude that one of
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Blockchain AI Startup Zwoop Shuts Down After ICO Fails to Launch
The crypto bear market has claimed another victim. This time its venture-backed startup Zwoop, an ambitious e-commerce AI system supposedly built on the blockchain, which has reportedly fallen into administration after a failed attempt at an initial coin offering (ICO). According to a recent report by The Telegraph, Zwoop shuttered its operations, which included offices in Hong […]
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Brazil’s New President Jair Bolsonaro Shuts Down ‘Indigenous Cryptocurrency’ Project
Brazilian President Jair M. Bolsonaro has recently revealed through social media his administration has shut down a project that would see Brazil launch an “indigenous cryptocurrency.” The revelation came as he was criticizing the “BNDES black box” referring to contracts associated with the National Bank for Economic and Social Development, a federal public company associated
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Report: 70 to 80 Percent of South Korean Miners Shut Down in 2018
Chinese state television has sought to document the toll taken on South Korean cryptocurrency companies by 2018’s bear market, with Financial Channel (CCTV-2) producing a report detailing the challenges faced by Korean miners. According to the report, last year’s bear trend was further exacerbated by a 97.5 percent drop in Korean cryptocurrency premiums, driving between 70 and 80 percent of miners to desist operations.
Also Read: Overstock Becomes the First Major US Company to Pay Business Tax in Bitcoin
Hackers Demand Bitcoin After Taking Down Dublin’s Tram System Website
The website of Dublin’s light rail system, Luas, has gone down after it was hacked, the Irish Examiner has reported. Consequently, visitors to the website, which has been offline for more than three hours now, are being greeted with a message that the hacker(s) posted citing their demands. The unidentified hackers are demanding to be … Continued
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Abkhazia Temporarily Shuts Down 15 Mining Farms
Authorities in Abkhazia have cut off 15 mining facilities from the territory’s electrical grid. The short-term measure is meant to alleviate power shortages during the cold winter months. The operators of the farms have fully cooperated with the local electric utility.
Also read: Two Mining Companies Among Georgia’s Major Electricity Consumers
8,950 kWt of Mining Hardware Unplugged
Chernomorenergo, the state-owned company responsible for the electricity distribution in the breakaway republic, said it disconnected all mining farms it managed to locate. The utility announced on its Facebook page that the shut down facilities had a total power capacity of 8,950 kWt. Their consumption is equal to that of 1,800 households, or the administrative region around Abkhazia’s capital, Sukhumi.
Bitmain: Chinese Media Reporting Jihan Wu and Micree Zhan to Step Down
The year is not ending on a good note for Bitmain. The Beijing-based bitcoin mining giant is possibly looking at the resignation of its CEOs Jihan Wu and Micree Zhan, according to Odaily, a Chinese media outlet. The company has not officially confirmed any of the media allegations yet. But sources inside the organization have revealed
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GMO Had a Plan to Take Down Bitmain; Now It’s Bidding Bitcoin Mining Goodbye
More than a year after launching an in-house mining business, Japanese internet conglomerate GMO Internet has announced that it will no longer, develop, manufacture, or sell cryptocurrency mining equipment. In a statement, the Japanese tech firm disclosed that the decision was prompted by challenging business conditions which resulted in an “extraordinary” consolidated quarterly loss totaling … Continued
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