By CCN Markets: In the wake of high-profile hacks such as the $ 44 million recently removed from Binance’s coffers, BitGo CEO Mike Belshe spoke at Coindesk’s Consensus 2019 on matters including security and how this is hindering the will of institutions to involve themselves in Bitcoin and other digital assets. He told an audience at the event that “we are bringing to market a risk-less, efficient and compliant digital asset clearing and settlement” in a move that sees the security and custody solutions company stake a claim for institutional investors by moving crypto transfers off-chain. If a custodian settles
XRP (XRP) investors have another reason to celebrate after a major technical indicator made a bullish crossover on Tuesday. According to the XRP/USD chart, the altcoin’s 50-day moving average has moved above the 200-day moving average — a chart pattern known as a golden cross that is typically seen as an indication that a major […]
In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.
“Bitcoin’s a great arbitrage mechanism for these companies. Anywhere you go, oil and gas producers are having issues,” Steve Barbour, founder of Canadian company Upstream Data, told Bitcoin Magazine.
Cryptomining manufacturer Bitmain has revealed the release date for its next-generation Antminer S17 series. The S17 set of miners includes the Antminer S17 Pro, Antminer S17 and the Antminer T17.
The Antminer S17 is the latest in the company’s line of fabless mining chips. According to the post, the chips, which are expected to go on sale from April 9, 2019, will provide an energy-efficient means of mining popular cryptocurrencies such as bitcoin and bitcoin cash.
The miners will be fitted with the 2nd generation 7nm ASIC BM1397 mining chips which Bitmain claims would provide a 28.6 percent improvement in power efficiency.
“Everybody’s poor” in oil-rich Venezuela, and US President Donald Trump’s top economic adviser claims he knows the answer: excessive taxes on the South American nation’s wealthiest citizens. With high-profile Democrats such as Rep. Alexandria Ocasio-Cortez clamoring to raise income tax rates as high as 70%, Larry Kudlow is warning that the US could see a similar “catastrophe.” Venezuela is a “Catastrophe” Because of High Tax Rate Kudlow says the “old saw” of higher taxes on the wealthy from America’s political left “never works.” The former CNBC host says he doesn’t know how such proposals will pan out, but he’s already
The bitcoin price on Wednesday recovered as much as 2.45 percent after reports indicated that Fidelity would launch its crypto custody service as soon as March. Fidelity Crypto Launch Brings out the Bulls At 18:00 UTC, the bitcoin-US dollar exchange rate (BTC/USD) was trading at $ 3,443 on crypto exchange Coinbase, down 0.6 percent from its intraday high at $ 3,459. Earlier today, the market had opened at a lower rate at $ 3,337 during the Asian session, while trending lower inside a descending channel formation. The positive sentiment kicked in after Fidelity Investments, a renowned capital management firm, announced that it would launch
The bitcoin price on Tuesday continued to pursue its downward trajectory, albeit finding decent support at one of the downside targets. The climate is not favorable for establishing long-term positions, but a few well-timed day trades can help you make the most out of the market’s recent bearish turn. Bitcoin Price Not Favorable for Long-Term Trades BTC/USD opened the Asian trading hours at $ 3,433, down 0.43 percent from yesterday’s high. The pair fell as much as 2.87 percent as the session matured. It established an intraday low at $ 3,337 before correcting higher during the European trading session. As of 19:00
According to an estimate by recycling and waste management company Covanta Holding Corporation, Americans literally throw away $ 62 million dollars a year worth of spare pocket change. Covanta offered CBS News a theory along with the estimate “that the coins are probably tossed accidentally.” Coinstar to Sell Bitcoin for Pocket Change at US Grocery Stores
The post How Coinstar Could Turn $ 62 Million Dollars Worth of Literal Trash into Bitcoin appeared first on CCN
Tilray’s share price plummeted today on the expiry of its IPO lock-up period. But is the sell-off investors exiting cannabis stocks? Or, is it as simple as Tilray “insiders” cashing in their profits? Tilray’s stock lost 17.24% by the end of trading on the Nasdaq today, wiping out recent day’s gains. With its IPO, Tilray
The post Investors Probably Didn’t Turn Their Backs on Tilray Cannabis Stocks Today appeared first on CCN
At the Israel Bitcoin Summit at Tel Aviv University on Jan. 8, veteran cryptographer Nick Szabo explained that the use of censorship-resistant cryptocurrencies will rise in countries sanctioned from trade and economies suffering from failed monetary planning. Szabo also argued that the world’s central banks might turn to cryptocurrency reserves in the future in order to supplement national gold reserves.
According to a new paper published in a peer-reviewed scientific journal, researchers in China have made a groundbreaking discovery that could profoundly impact the face of the precious metals landscape — and provide bitcoin with an opportunity to shine. Scientists Turn Copper into Substance ‘Almost Identical’ to Gold Per SCMP, a team of scientists at
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Stranded Iranian students in the United Kingdom have turned to Bitcoin as a tool to circumvent the economic sanctions placed on their country, according to a Guardian report. Parsa Sadat, a law student at the University of Reading, is among a bevy of Iranian students who can’t pay their tuition fees and are completely stranded at school after Iran was hit with sanctions by U.S. President Donald Trump last month.
Shares of the American multinational semiconductor company AMD have plummeted amid lackluster sales of blockchain-related products. The firm revealed in its quarterly report that blockchain-related GPU sales were “negligible.”
Revenue Drops, Stock Price Follows
Per the quarterly report published October 24, AMD has recorded a revenue of $ 1.65 billion for the third quarter of 2018. This marks a 4 percent increase compared to last year’s results but it’s down 6 percent from the previous quarter.
According to the chief executive of the company Lisa Su, the graphics channel sales were lower throughout the quarter, hence the reduced revenue:
Iceland has long been a prominent hub of bitcoin mining due to 98% of its electricity coming from renewable geothermal energy and a cold climate favoring mining farms which must be kept cool can run massive air conditioning bills in warmer areas. The power usage effectiveness (PUE) of the country is as low as 1.03,
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With trading volumes a whopping 80% lower than their January peak, some of the biggest trading exchanges are implementing controversial practices to stay profitable.
Exchange Listing Fees: Pay to Play
From the ‘stick’ of listing fees to encouraging ‘carrots’, the crypto exchanges are finding ways to get their money.
Exchanges such as Binance (the world’s largest by trading volume) and KuCoin, have implemented a system of variable listing fees. They both claim that the listing fee is based on the credibility of a project. Binance CEO, ChangPeng Zhao, famously remarked that “we don’t list shitcoins” even if they paid 4,000 BTC.
Bitcoin is flashing bullish signs. In light of the September 30 SEC decision on the VanEck/ SolidX Bitcoin-ETF, a growing number of experts forecast that November will mark a final turnaround in cryptocurrency prices.
Bitcoin price has literally been all over the place, and the last two months have seen it pinned between $ 6,000 to $ 8,000. Often times, speculation drives investor decisions and market sentiments in the world of cryptocurrency. It’s safe to say that right now a large number of investors have their fingers crossed in hopes of the U.S. Security and Exchange Commission (SEC) approving a Bitcoin Exchange Traded Fund (ETF) sooner than later.
Bitcoin and crypto losses can be used to offset other types of capital gains for tax purposes and therefore save you money. This article addresses how to handle your losses and the important items that you need to keep in mind for your crypto taxes in the US. Losses on crypto and Bitcoin trades offset
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Taiwanese Congressman Jason Hsu is on a mission to turn the island nation into a hub for blockchain tech and cryptocurrency.
Jason Hsu, the man dubbed the ‘Crypto Congressman’ by Ethereum founder Vitalik Buterin, is on a mission to turn Taiwan into a technological powerhouse, specifically in the fields of virtual currency and blockchain.
Since becoming an official Member of Parliament in 2016, Hsu has worked to foster initiatives concerning autonomous vehicles, cybersecurity, and the digital economy — all in an effort to help close the gap between public policy and technology.
The Turkish Lira value took a huge hit today, bringing the currency down 13% for the day and more than 45% for the year.
Fiat Vs. Bitcoin
Today the value of the Turkish Lira sank almost 16% before slightly retracing to 0.155 TRY/USD, currently a 13% loss for the day.
This brings the value of the Turkish Lira down more than 45% from this time one year ago.
Bitcoin enthusiasts took to Reddit to claim another victory in its performance against national fiat currencies, with one user claiming “Holding Bitcoin is less risky than holding Lira.”
The founder of non-profit Wikipedia Jimmy Wales said that they have absolutely no interest in launching an Initial Coin Offering (ICO), or turning to cryptocurrencies in general.
Jimmy Wales, founder of the popular free online encyclopedia, expressed his utter reservation towards the field of cryptocurrencies. When asked about whether Wikipedia even considers cryptocurrencies or the launch of a potential ICO, he said that they are “absolutely never going to do that.”