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On June 21, the price of bitcoin core (BTC) crossed the $ 10,000 mark for the first time since March 08, 2018. At the moment BTC has a $ 180 billion dollar market capitalization as the cryptocurrency gathered more than 166% over the last six months.
Also read: These Are 2019’s Biggest Cryptocurrency Winners and Losers so Far
Bitcoin (BTC) surged in late Friday trading, smashing through the psychological resistance point at $ 10,000 before continuing to nearly $ 11,000 — marking its first time above the $ 10k level in over a year. The price action comes on the back of a very bullish week in trading with Bitcoin now up more than 22%, bringing […]
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By CCN Markets: Despite the performance of Tesla’s stock this year, there’s no shortage of TSLA bulls. Even though the stock has lost around 25% of its market cap year-to-date, Alexander Haissl of Berenberg told CNBC he is looking for a price target of $ 500. The stock is currently hovering at $ 214. “We maintain our bullish view on Tesla and see no reason to walk away from our price target of $ 500. Demand worries are overblown, as the Q1 volume weakness was largely self-inflicted by logistic problems, uncertainty about store closures and changing pricing structure, and not indicative of the
There are perks to working for Blockstream, aside from having to answer to Samson Mow. Developers for the Bitcoin Core software company are alleged to earn up to $ 850K per year thanks to a “stock option” that sees them paid 20% of their salary in BTC. That BTC is pegged at the price bitcoin was at in 2014, meaning that employees are paid around 85 BTC annually as part of their salary, a bonus of around $ 700K at current prices. That’s according to a new website called Cashbleed that claims to lift the lid on Blockstream’s salary structure.
South Korean firm Dunamu, operator of cryptocurrency exchange Upbit, says it invested $ 46 million in 26 blockchain startups over the last year.
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Crypto security and intelligence firm CipherTrace has published its Q1 2019 Cryptocurrency Anti-Money Laundering Report, revealing that exchange platforms all over the world have lost nearly $ 400 million as a result of hacks and thefts.
According to the firm, the report is based on an analysis of 164 million Bitcoin-based transactions.
It paints a particularly bleak picture of asset security, revealing that in 2019 so far, thefts incurred as a result of crypto hacks have amounted to $ 356 million.
Coinbase CTO Balaji Srinivasan has left the company after joining in April 2018, marking the first chief technology officer departure for the crypto giant. 1/2 Really enjoyed my time at Coinbase working with my friend @brian_armstrong. The Earn integration was successful and we’ve closed ~$ 200M in deals for the new Coinbase Earn. Was also my […]
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Cryptocurrency-focused merchant bank Galaxy Digital LP (TSXV:GLXY) reportedly lost a whopping $ 272.7 million in 2018, with the largest contributor being a $ 101.4 million realized loss on Bitcoin and Ethereum holdings. According to recent filings, the Mike Novogratz-led startup lost $ 97 million in the fourth quarter, building on losses of $ 76.7 million in the third quarter. As […]
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General interest in cryptocurrencies is not what it used to be during the all-time highs of 2017 and established companies in the industry have been rethinking their priorities. Entrepreneurship in the crypto space, characterized by ingenuity and optimism, remains strong however. This is shown by the fact that dozens of businesses and individuals in the U.S. have filed for crypto-related trademarks this year.
Also read: Russia Prepares to Test Cryptocurrencies in Four of Its Regions
Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over the last year.
Also read: Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings
With bitcoin’s recent surge to a five-month high, Zhao Dong, a bitcoin billionaire and one of China’s biggest over-the-counter (OTC) traders, recently claimed on Weibo that the sudden jump in bitcoin price does not mark the end of the bear market and that the original cryptocurrency will continue trading in a range likely between $ 4,000 and $ 6,000 for a few more months.
Bitcoin, the largest cryptocurrency by market capitalization, soared 20 percent to break $ 5,000 for the first time since November on April 2, 2019. The rise also marked its best one-day gain since April 2018. Bitcoin is trading at $ 5,252 as of press time, up 1.77 percent over the past 24 hours, according to data from CoinMarketCap.
Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year.
Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval
Former Goldman Sachs partner Mike Novogratz believes institutional investors are poised to enter the crypto market soon due to recent and future advancements in custody solutions. In a recent interview on Bloomberg, Novogratz shared that he believes Bitcoin’s (BTC) next major rally will be on the back of institutional capital flowing into the market. “All the architecture […]
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Blockchain analytics firm CipherTrace released a report this morning showing that roughly $ 1.7 billion in cryptocurrency was stolen or scammed over the course of 2018. The amount stolen by hackers alone is staggering: over $ 950 million. The figure represents an increase of more than 300% from 2017. The scams noted in the report don’t even include individual user scams. Instead, they focus on exchange exit scams, phony exchange hacks, and ICO scams. They account for an additional $ 725 million. The Dark Downside of the Crypto Boom If you adjust for the lower prices of cryptocurrencies in 2018, as much as
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
The post BitPay announces record year for revenue with $ 1B+ in transactions again appeared first on CoinReport.
TRON’s (TRX) price has been on a significant run since December, likely spurred by investors looking to secure TRX before the BitTorrent Token (BTT) airdrop. To read this article you must be a subscriber Members can login here. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain access to exclusive content that’s not available to […]
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Huobi Global, owner of the third-largest crypto exchange by trading volume, reportedly raked in $ 483 million from trading commissions in 2018. According to a recent report by South Korean media outlet Sporbiz, which cites Hwaseong Jae Kyung, a commodity specialist in the Chinese virtual money market, Huobi earned 545.2 billion won ($ 483.9 million) in commission income last year, […]
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Chainalysis, a provider of cryptocurrency tracking tools to companies and law enforcement, recently published a report revealing that darknet markets are still thriving despite law enforcement’s best efforts to shut them down. Darknet markets are immune to the volatility of cryptocurrency markets, according to our research findings. Get a preview of our deep dive into darknet […]
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Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei said that cryptocurrency had previously accounted for “a lot” of the company’s orders, but that it had gone
The post Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year appeared first on CCN
