Year: 2019

“Few tangible uses for Bitcoin (BTC) and its underlying blockchain technology have emerged,” according to a Wall Street Journal (WSJ) article published Jan. 1. According to WSJ, in 2017 actual crypto development “took a back seat to getting rich.” The article also states that “at the beginning of 2018, the question was whether Bitcoin could live up to the hype of 2017’s manic rally,” and at the end of 2018 the answer was “no.” Andy Bromberg — the founder of Read more …

Although the traditional equities markets and the crypto markets don’t have a ton in common, they both had a rough 2018, and investors in both markets are hoping that 2019 proves to be different. Despite being a rough year price-wise, many analysts see the drops in both markets as being temporary, which could mean that 2019 will be highly profitable for investors who have been disheartened by the recent volatility. Crypto Markets Down Significantly Over One-Year Period Last year at Read more …

A class action lawsuit has been filed against tech giant Nvidia, with the plaintiffs accusing the company of making misleading statements about how it can help mitigate the effects of the reduced demand from the cryptocurrency market. The suit was filed by the Schall Law Firm, who specializes in shareholder rights litigation and securities-related class action lawsuits. Last year, the cryptocurrency market was in a prolonged, with the prices of mining rigs and PC Graphics Processing Units (GPUs) reaching astronomical levels. Read more …

The founder of dark web marketplace Silk Road, Ross Ulbricht, has written Bitcoin Cash proponent, Roger Ver, seeking his help in getting clemency for the double life sentence he is currently serving at the United States Penitentiary Florence High in Colorado. In his letter to Ver, Ulbricht pointed out that he had run out of options and the best hope for him now remained a presidential pardon: Despite your generous assistance throughout my legal battles, especially at first when very Read more …

The Reserve Bank of India (RBI) is pausing its plans to release a digital currency, Indian business news outlet the Hindu Business Line reported on Jan. 1. India’s central bank had originally announced its intentions to consider a central bank digital currency (CBDC) in April of this year, at the time noting the establishment of an interdepartmental group to look into potential advantages and feasibility. In August, RBI confirmed the creation of the group, specifying that it was researching a Read more …

Mining Authorities in Abkhazia have cut off 15 mining facilities from the territory’s electrical grid. The short-term measure is meant to alleviate power shortages during the cold winter months. The operators of the farms have fully cooperated with the local electric utility. Also read: Two Mining Companies Among Georgia’s Major Electricity Consumers 8,950 kWt of Mining Hardware Unplugged Chernomorenergo, the state-owned company responsible for the electricity distribution in the breakaway republic, said it disconnected all mining farms it managed to Read more …

Tuesday, Jan. 1 — most of the top 20 cryptocurrencies are seeing discreet to moderate losses, while a handful report gains. Bitcoin’s (BTC) price is under $3,800 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over one and a half percent on the day, trading at around $3,740. Looking at its weekly chart, the current price is slightly lower than $3,814, the price of BTC one week ago. Furthermore, the current price is lower Read more …

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 …

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 …

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 …