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 […]
SludgeFeed
Cryptocurrency Thefts and Scams Raked in 300% More Profit Last Year than 2017
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
Fortnite’s Epic Games Leads Record $5.7 Billion Year for Gaming Investments in 2018
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
BitPay announces record year for revenue with $1B+ in transactions again
Largest global blockchain payments provider BitPay announced in a press release it sent to CoinReport that in 2018, it processed over a $ 1 billion again in payments and set a new record for transaction fee revenue. Some of the new customers of BitPay include the State of Ohio, HackerOne and Dish Net…
The post BitPay announces record year for revenue with $ 1B+ in transactions again appeared first on CoinReport.
TRON (TRX) Has Outperformed Ethereum (ETH) by 48% This Year
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 […]
SludgeFeed
Huobi Reportedly Raked in $483 Million in Commissions Last Year
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, […]
SludgeFeed
Chainalysis: Daily Darknet Bitcoin (BTC) Transactions Doubled Last Year
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 […]
SludgeFeed
Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year
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
Bear Market Birthday: The Crypto Bubble Popped One Year Ago Today
One year ago today, the crypto bubble reached its fever pitch before the inevitable crash that occurred throughout the remainder of 2018 and has lingered into the new year. Crypto Market Down 84% on Anniversary of All-Time High According to CoinMarketCap, the cryptocurrency market cap — which measures the combined notional value of all cryptocurrencies … Continued
The post Bear Market Birthday: The Crypto Bubble Popped One Year Ago Today appeared first on CCN
RIP ICOs: 2019 Will Be the Year of Enterprise Blockchain Tokens
In 2019, tokens will invade the enterprise in full force and the line between public and private networks will start to disappear, writes ConsenSys’ Ajit Tripathi.
CoinDesk
Stock Market Will Have ‘Good Year’ in 2019: Wharton Finance Prof.
While the US stock market continues to struggle as a result of various institutional and political forces, Jeremy Siegel, professor of Finance at the University of Pennsylvania’s Wharton School of Business, remains optimistic about the state of the market in 2019. Speaking in an interview on CNBC’s Squawk on the Street, Siegel predicted that equity
The post Stock Market Will Have ‘Good Year’ in 2019: Wharton Finance Prof. appeared first on CCN
Bitcoin Price Celebrates New Year Inside a Near-Term Descending Channel
Bitcoin price on January 1st saw a minor decline of less than 1 percent against the US Dollar on a 24-hour adjusted timeframe. The digital currency, which established a weekly high towards $ 4,239 ahead of Christmas, corrected to as low as $ 3,561 on Coinbase in later days. It attempted a minor bull run on December
The post Bitcoin Price Celebrates New Year Inside a Near-Term Descending Channel appeared first on CCN
S&P 500 and Stock Markets Worldwide Close Out Worst Year Since 2008
Stock markets worldwide, including Dow Jones, Nasdaq and the S&P 500, have posted disappointing yearly returns, with many indexes being compared to their performance during the financial crisis. The S&P 500 is down 6.2% for 2018, while the DOW Jones Industrial Average is down 5.6% for 2018. These numbers, compared to the financial crisis, where
The post S&P 500 and Stock Markets Worldwide Close Out Worst Year Since 2008 appeared first on CCN
South Korea Ends Year With 6 Bills to Regulate Crypto Industry
South Korea’s top financial regulator has exclusively shared with news.Bitcoin.com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Six Crypto-Related Bills
South Korea’s top financial regulator, the Financial Services Commission (FSC), exclusively shared some information with news.Bitcoin.com on Thursday about various crypto-related bills that have been submitted to the National Assembly. A spokesperson for the regulator said:
Indian Crypto Exchanges End Year With Improved Services, Optimism About Regulation
As the Indian government deliberates over cryptocurrency regulation, positive sentiment grows among local crypto exchanges regarding their government’s eventual decision. A number of them have also added new features and improved services such as offering interest on crypto deposits, increased liquidity, and better security.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Interest on Crypto Deposits
Indian cryptocurrency exchange Coindcx announced last week that its users can now earn interest on their BTC held at the exchange for 30 days or longer, stating:
Year of the Bear: Making Sense of the Bitcoin, Stock Market Downturns
The sell-off in US stocks which began in October is establishing 2018 as the worst year the market has encountered in a decade. As of December 28, the S&P 500 index was down about 7 percent on the annual and 15 percent from its high. Other indexes, including the Dow Jones and the Nasdaq, also
The post Year of the Bear: Making Sense of the Bitcoin, Stock Market Downturns appeared first on CCN
2018: A Record-Breaking Year for Crypto Exchange Hacks
The CEO of one of the largest crypto security companies recaps his takeaways from the year that was.
CoinDesk
ICO Treasuries Offloaded the Most ETH in November and December This Year
Over the course of 2018, failing initial coin offerings that raised billions last year have continued to dominate the news cycle. Despite ethereum losing more than two thirds of its value, ICO projects have been liquidating massive amounts of ETH. ICO treasuries cashed out 433,000 ETH ($ 52.4M) in December, surpassing every other month this year.
Also Read: The 2018 Bitcoin Mining Ecosystem Saw Record Hashrates and New Devices
Beyond CryptoKitties: 10 Trends That Defined the Year in Crypto Gaming
From advances in art trading to setbacks for celebrities on the blockchain, it was a year of serious building for the crypto collectable market.
CoinDesk
Bitcoin’s Tech Trends of 2018: What This Year Brought Us (Part 2)
This is the second part of our December cover story. Click here for part 1.
Where 2017’s dizzying price highs embedded “hodl” into the public consciousness, 2018 was the year that “buidl” became a trend in the crypto-industry — and Bitcoin was no exception.
Anticipated in Bitcoin Magazine’s first cover story of the year, Bitcoin’s technological progress only accelerated in 2018. Improving Bitcoin from around the world, developers and entrepreneurs furthered Segregated Witness adoption, rolled out the Lightning Network, released privacy solutions, realized sidechains and made progress on a Schnorr signature solution — all of which were still around the corner only a year ago.
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