Markets Update: Crypto Traders Enter the New Year With Uncertainty

Market Updates On the first day of 2019, cryptocurrency prices have been steadily moving sideways in a consolidated pattern after taking some slight losses on New Year’s Eve. At the moment, the entire digital asset economy is worth about $126 billion and global trade volume has been thinning out over the last 48 hours. Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization 2019’s Top Crypto Market Valuations 2018 is over and many cryptocurrency enthusiasts are Read more …

2018 Stock Market Crash Shreds $76 Billion Off America’s Wealthiest

The stock market crash in 2018 shredded billions off the wealthiest Americans. A staggering $76 billion were wiped off their balance sheets. Still, new billionaires were added to the infamous Forbes list, while some industry investors saw their fortune increase and decrease, at the same time, per a Bloomberg report. Fifteen individuals were added to the Forbes 400 list of wealthiest Americans this year. Twelve of those were self-made entrepreneurs, who have built their fortunes in areas such as e-commerce, Read more …

Ripple Price Analysis: XRP Set For 40 Cents, Ripple Founder Bullish

Latest Ripple News 2018 was a testing year for coin holders. The bear market wrecked the space and with the anchor coin, Bitcoin, dropping 75 percent, altcoins followed suit. The damage was severe in Ethereum (ETH), and their losses saw XRP replace it as the second most valuable coin. This is despite XRP falling a massive 84 percent from 2017 peaks. Regardless, there is optimism, and while the price is just but one of the many metrics used to gauge Read more …

Phillip Frost Agrees to Settle Riot Blockchain Related Case for $5.5 Million

Blockchain Riot Blockchain, Inc. replaced its CEO in September after the SEC charged him in connection with a fraudulent $27 million pump and dump scheme. Now another person involved in that case, biotech billionaire Phillip Frost, has agreed to pay $5.5 million to settle the charges. Also Read: The Daily: Best Selling Authors Introduce Bitcoin to Followers $5.5 Million Settlement The Securities and Exchange Commission (SEC) charged a group of 10 individuals and 10 associated entities back in September for Read more …

Bitcoin Mining Difficulty Adjusts 10% Upwards For the First Time in Months

Bitcoin continues to stabilize its network activity with a return to upward difficulty adjustments after hash rate reversed its decline last month. Bitcoin Continues To Police Itself Data from statistics resources Blockchain and Bitcoin Wisdom confirms that the Bitcoin network’s most recent difficulty adjustment was up, not down, by just over 10 percent. ‘Difficulty’ refers to the ease with which miners can solve equations to validate a block of transactions in the Bitcoin blockchain. As Bitcoinist reported, the period since Read more …

Bitcoin Price Analysis: BTC Bounce Back, Wells Fargo to Reimburse $575 Million

Latest Bitcoin News Among other advantages, the blockchain is transparent, and once there is a registration, it’s easy to track all transactions related to that address. That’s why this technology is perhaps the most significant innovation of the 21st century. If traditional companies incorporate this technology, then talks of scams and other unscrupulous activities will be unheard of. This is because everything would be open and transparency on another level. The opaque nature of bank operations is the reason why Read more …

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 indexes posted yearly losses of 38.5% and 33.8% are a new low given the general bull sentiment surrounding markets going into 2018. While the Read more …

US Senator Reports to Jail Pending Verdict in Cryptocurrency Fraud Case

A Georgia state senator has reported to jail over allegedly lying about the theft of cryptocurrency mining equipment worth $300,000, The Guardian reported Dec. 27. Republican Michael Williams, who originally reported the alleged theft in May, made a false police report and gave a false statement, court documents claim. Williams had said servers with a value of $300,000, which had been used to mine unnamed cryptocurrencies, had disappeared from his office premises, local daily news outlet Atlanta Journal-Constitution reported Dec. Read more …

Top Markets See Strongest Trade of H2 2018

Markets and Prices The five most traded cryptocurrency markets saw an increase in volume during December, when compared with the previous month. Despite the spike in trading activity posted by the dominant markets, many crypto assets ranked below the top five saw a decline in month-over-month volume. Also Read: Report: Indian Government Updates Progress on Crypto Regulation USDT and Top Altcoin Markets See Volume Increase BTC saw a slight increase in volume during December, with $157.2 billion worth of trade taking Read more …

Georgia State Senator Arrested for Lying about ‘Stolen’ Crypto Mining Equipment

  Michael Williams Michael Williams, a state Senator from Georgia, has turned himself over to authorities after he was accused of insurance fraud. Williams, who co-introduced the Senate Bill 464—which aimed to compel the state’s revenue authority to receive cryptocurrency as payments for taxes—was charged by a Hall County grand jury on December 18 after an investigation was carried out by the Georgia Bureau of Investigation. According to prosecutors, back in May 2017, Williams lied about the theft of computer servers Read more …

While Bitcoin ‘Died’ 90 Times In 2018, There Are Almost 1000 ‘Dead’ Altcoins, Data Shows

A look at the history of cryptocurrency in 2018 has shown that Bitcoin (BTC) has risen from a “dead” designation in the media 90 times, data from industry news and information portal 99bitcoins shows. According to the site’s fabled Bitcoin Obituaries section, which tracks media claims that Bitcoin has failed, almost 100 such claims surfaced last year as BTC/USD trended down from highs around $20,000 in December 2017 to lows of $3,130 in December 2018. By contrast, a log of Read more …

PR: ZPool Launches ZCash Mining Pool

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. 2019.1.1, one of the world’s largest ZCash mines—ZPool officially opened up its ZCash mining pool, and started recruiting miners from all over the world free of service charges. KIENG KESSARA, the founder of ZPool, noted Read more …