Month: November 2018

Twitter Facebook LinkedIn Israeli cryptocurrency mining company Bitfarms wants to become a public company in Canada. According to its press release, the mining company revealed that it had filed a preliminary prospectus with the Ontario Securities Commission, as it commences with the regulatory process for offering public shares on the Toronto Stock Exchange. Bitfarms, the crypto mining farm provider, is also listed on the Tel Aviv Stock Exchange but the board feels the Canadian-headquartered and operated mining company could benefit Read more …

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision In the year of bear markets and curbed enthusiasm, stablecoins have emerged as the asset class with which many of the crypto community associate high hopes for the long-anticipated mass adoption. As these cryptocurrencies have come to be viewed as a promising tool to alleviate volatility – presumably the major hurdle in the way Read more …

Major U.S. cryptocurrency exchange Kraken confirmed in a blog post Nov. 18 that it had begun supporting both forks of Bitcoin Cash (BCH), while warning traders about “many red flags.” Kraken, which initially said it would only support only one of the two BCH chains – Bitcoin Cash ABC – has at press time already launched trading of its counterpart chain, Bitcoin Cash SV (BSV). The product of a contentious hard fork of the BCH network Nov. 15, Bitcoin Cash Read more …

Bears hit the cryptocurrency market today, and Ethereum was among the most severe casualties. The world’s third largest cryptocurrency erased as much as $2.25 billion from its market cap. Meanwhile, its value plunged 12 percent from an intraday high at $177 to $155.60 – its new intraday low – within a few hours, according to aggregated data available at CoinMarketCap.com. Aayush Jindal, a crypto market analyst at NewsBTC, predicted further declines in the Ether-to-dollar market, citing a critical bearish trendline that Read more …

Ethereum has had a tough week. Not only has it been pushed down the market cap charts by XRP, now Tron has surpassed it in terms of network decentralized application volume. dApp Volume on Tron Higher That Ethereum According to analytics website dapp.review the Tron Network is now above Ethereum in dApp transaction volume: No.1 DApp on ETHIDEX – 2430 ETH txn volume in last 24 hours While on #TRON@TRONbet has over 422 MILLION #TRX txn volume DappReview is the Read more …

Twitter Facebook LinkedIn Within a period of 12 hours, the price of Bitcoin (BTC) has dropped from $5,560 to $5,170, to a new yearly low. After dropping to $5,750 on June 11, BTC has defended the $6,000 support level relatively well with sufficient volume and trading activity in the exchange market. $6,000 has since become a major resistance level for the dominant cryptocurrencies. Is Bitcoin Headed to $4,000? Last week, Crypto Rand, a well-recognized cryptocurrency trader and analyst, stated that Read more …

Bitcoin (BTC) dropped to its lowest level since October 2017 on Monday, as losses are seen across the broader crypto market. The leading cryptocurrency fell to $5,165 earlier today – the lowest level since Oct. 18, 2017 – having breached the crucial support of $6,000 last week. As of writing, BTC is changing hands at $5,283 – down 5 percent on a 24-hour basis and 16 percent week-on-week – according to CoinDesk’s Bitcoin Price Index (BPI). Further, the year-on-year loss now Read more …

Israel’s first dedicated crypto investment firm for institutional investors, Silver Castle Ltd., has launched two new crypto funds this month, Bloomberg reported Nov. 18. The firm – whose high-profile lineup includes the former CEO of Israel’s largest bank, Bank Hapoalim, as well as the founder of the country’s largest investment fund, Psagot Ofek – reportedly expects to have $50 million in assets under management (AUM) by the end of the year. As Bloomberg notes, global competition is fierce for crypto Read more …

Jihan Wu: ‘I Have Huge Confidence in the Future of Bitcoin Cash’ CEO and co-founder of Bitmain Jihan Wu today expressed confidence in the future of Bitcoin Cash (BCH) and proof-of-work (PoW) mining. Speaking at the Nikkei/CNBC “Future of Money” event in Tokyo in his first major appearance in Japan, Wu also addressed questions over the recent BCH hard fork, the growing importance of the mining industry, and PoW’s massive energy demands. Wu said there has been “a lack of connection Read more …

The Daily In today’s edition of The Daily, we focus on the intersection between the cryptocurrency industry and gaming. A game startup recently raised $16 million from investors such as Okcoin and Galaxy Digital, while the developers of a game backed by the investment arm of Coinbase have released a new gameplay trailer. And in related news, a recent report shows that young people prefer cryptocurrency and in-game coins over fiat cash. Also Read: Venezuelan Department Store Chain Accepts Cryptocurrency Read more …

Markets getting mashed this Monday; Ethereum, Cardano, Tron and Iota dumping. Monday brings more doom and gloom to crypto land as markets have taken another turn south. A small rally over the weekend was not enough to form a sustained recovery and the bears have regained control to knock total market capitalization back below $180 billion. After a couple of days holding around the $5,600 level Bitcoin has tanked again. BTC is currently down 5% on the day and trading Read more …

A blockchain/DAG hybrid platform has unveiled bold plans to entice businesses to use its technology – and says its “unprecedented speed, scalability and security” has the potential to benefit enterprises that handle a high frequency of transactions. BEXAM initially intended to serve the cryptocurrency market as a hybrid exchange which used a unique algorithm to deliver the best features of centralized and decentralized platforms alike. However, the startup has decided to refocus its proposition after receiving glowing feedback about its Read more …