Category: Cryptocurrency News

During an interview with CNBC, Ethereum-based digital asset marketplace Rare Bits co-founder Ammit Mahajan, who also co-created the popular social network game FarmVille, has disclosed that the company raised $6 million in a Series A funding round led by Spark Capital, Twitch CEO Emmett Shear and founder Justin Kan. Why is Twitch Interested in an Ethereum Marketplace? Digital collectibles like CryptoKitties are embedded onto the immutable blockchain protocol of Ethereum as smart contracts, and these contracts can be transferred out Read more …

As a part of our interview series, we asked a few questions about Genesis Vision to its CMO Artur Bagdasaryan, who gave a clear picture of the platform. Read the following questions and answers to know more. Q: What is Genesis Vision all about? A: First off, Genesis Vision is an asset management platform, that uniquely unites all of the market participants into a single ecosystem. If we were to describe what our platform is about; in broader terms, it Read more …

Quebec’s public power utility has submitted plans to the provincial government that could clear the way for Hydro-Quebec to set up a new framework through which to work with cryptocurrency miners. The plan, if approved, would create a selection process by which Hydro-Quebec will parcel out 500 megawatts worth of power to crypto miners. In a statement last week, the utility said its pitch to the Régie de l’énergie that, if approved, would allow miners to submit bids that Hydro-Quebec Read more …

A recent study by the Pew Research Center confirmed what we all already knew. Smartphone use is at a record high, and adoption continues to accelerate. Whether users are iPhone fanatics or Android loyalists, they have made this technology an incredibly powerful tool that serves as the Swiss army knife of personal technology. It can seemingly do anything, and people are using them for everything. For instance, 51% of U.S. shoppers are making purchases on their smartphones, and 55% consume Read more …

At long last, Mt Gox account holders affected by the hack would receive their coins after Mt Gox was given a go-ahead to proceed with their Civil Rehabilitation Process. This is a reprieve not only to those seeking compensation but to Bitcoin prices because Koyabashi won’t be liquidating more coins in the days to come. In the mean time though, Bitcoin prices are down 20 percent month over month and trading below $6,000, our main support and trigger line for Read more …

Overly, altcoins are on a downtrend but even in the midst of this strong sell pressure, the sentiment around Tron mainnet launch seems to be buoying TRX prices . Therefore, if indeed Tron transition is smooth and everything works out, a follow through would be inevitable. Remember, BTC is fighting back bears and is up one percent in the last 24 hours with a market dominance of 42 percent. EOS Technical Analysis EOS Daily Chart by Trading View After what Read more …

Authorities in China have arrested a man for allegedly stealing a significant amount of power in order to fuel a clandestine cryptocurrency mine. Police in the eastern Chinese province of Anhui Province seized more than 200 computers used for bitcoin and ether mining after the local power grid company reported a spike in electricity use, according to Xinhua news agency. One suspect allegedly stole 150,000 kW hours of electricity between April and May 2018, when the power grid first alerted Read more …

Mining The Japanese Police have been cracking down on users of remote mining software apps, such as Coinhive, without their website visitors’ consent. After being investigated and having their property impounded, users are speaking up about the unfairness of the investigation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Problems with the Investigations and Arrests The Japanese police have been actively investigating website owners using programs such as Coinhive to mine cryptocurrencies without their site visitors’ consent. Recently, the Read more …

Bitcoin Price Watch: Bitcoin is down 8% this week continuing a trend of an almost 20% drop over the last month. Earlier today, the bitcoin price hit a low for 2018 of $5,825 causing analysts to draw comparisons to 2014 when Bitcoin experienced an 80% correction. Despite the precipitous drop, analysts have remained optimistic because Mt. Gox liquidation is over for 2018, and the impending launch of Coinbase custody which is expected to draw institutional investors to the cryptocurrency markets.  Ethereum is Read more …