Category: Cryptocurrency News

Mining Japanese e-commerce and internet conglomerate DMM Group is creating a specialty lab for cryptocurrency mining. The company has also unveiled additional plans for its mining operations. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details DMM Launching Mining Lab DMM Group, the operator of popular e-commerce site DMM.com with 27 million members, announced on Thursday the creation of its “research and development specialty lab” for cryptocurrency mining called DMM Mining Labo. “In pursuing the highest Read more …

Another penny stock just joined the crowd of public market options that has seen a significant price surge after announcing it would shift its corporate focus to cryptocurrency related business. TimefireVR Inc, an Arizona-based company that was founded in 2014 to develop a virtual reality application platform, announced Thursday in a release that the company has sold its virtual reality assets as part of its strategy shift to investing in cryptocurrencies and the potential acquisition of blockchain technologies. The firm, publicly listed Read more …

Altcoins Ripple has been the talk of the town lately thanks to its rocketing value and growing market capitalization that’s making eyes at bitcoin. $1,000 of XRP bought a year ago would be worth half a million dollars today. But away from the price action, there’s an issue bugging ripple that just won’t go away. It’s been alleged for years that Ripple Labs has the power to freeze the balances of account holders. If true, it would Read more …

Markets and Prices This day might be remembered in the history books as a major milestone for cryptocurrency diversification or as another colossal indicator of the altcoin bubble. There are now three cryptocurrencies with over a $100 billion market cap each. Bitcoin, ethereum (ETH) and ripple (XRP) are worth today a combined total of about half a trillion USD. Also Read: After Ripple’s Rise BTC Dominance Falls Below 40% $100 Billion Club Ethereum long term investors and Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Peter Thiel, the billionaire entrepreneur and venture capitalist, and his VC firm Founders Fund have invested hundreds of millions of dollars in bitcoin, as CCN previously reported. Analysts Worried The investment of Thiel in the cryptocurrency came after the negative short-term predictions in regards to the price trend of bitcoin provided by many analysts. Another billionaire investor Mike Novogratz, who has been an active advocate of bitcoin, Read more …

So-called alternative cryptocurrencies are making their presence felt in the first week of 2018, recording impressive gains that are drawing investors to options once considered risky. Bitcoin, the world’s largest cryptocurrency by market capitalization, rallied 1,900 percent last year. But, as prices neared the $20,000 mark in December, the relatively cheap “small cap” coins began to rise. With gains due, in part at least, to the rotation of money out of an overbought bitcoin, the broader cryptocurrency rally seems to Read more …

The US Securities and Exchange Commission (SEC) has issued its second warning in a month to those investing in cryptocurrencies. In a statement earlier today, the governmental body advised those involved in the space to “exercise caution” with Bitcoin and other digital currencies. SEC Chairman Jay Clayton, along with Commissioners Kara Stein and Michael Piwowar, said many companies hosting initial coin offerings were not doing so within compliance of federal and state securities regulations. They went on to state that Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The value of a legal dispute involving US-based fintech startups R3 and Ripple has ballooned to nearly $20 billion on the heels of a breakneck rally that has launched ripple’s market cap past $140 billion. As CCN reported last September, R3 and Ripple filed dueling lawsuits regarding a contract dispute that arose after the dissolution of their once-promising partnership, which was first announced in 2016. R3 sued Read more …

Technology Lately, there’s been a lot of discussion about a new concept called ‘Channel Factories.’ The technology ultimately makes the Lightning Network (LN) a ‘third layer’ and a ‘new layer’ rests in between the bitcoin blockchain and LN payment channels. Also read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot Channel Factories: Adding Another Layer to the Lightning Network Last November three developers Conrad Burchert, Christian Decker, and Roger Wattenhofer published a paper called “Scalable Funding Read more …

Due to the amazing growth in value, Bitcoin has forced its way into the minds of regular people all around the world, even though it has been in existence since 2009. Steady growth in value led to widespread coverage by mainstream media, with a highlight on Bitcoin price. Some governments and banks wanted nothing to do with it, while a number of stock analysts and financial institutions recognized the growth and set about establishing themselves in the expanding market. Nevertheless, Read more …

The People’s Bank of China has put to rest a rumor that it would order a domestic shutdown of bitcoin mining activities, according to a local media outlet. The report, published on Jan. 4 by the Chinese business publication Caixin, said that China’s central bank did not host any meetings to discuss a policy requiring the closure of bitcoin mining operations in the country by a certain deadline. The meeting had supposedly taken place on Jan. 3. However, Caixin’s report, Read more …