Monthly Archives: October 2018

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 8

With major events coming for the crypto industry in October and November, do the charts confirm that the market has bottomed out? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The total trade volume of the crypto market has plummeted. This shows that the current owners are not […]

More info

Bitcoin Mining Profitability Declines Despite Increase in Revenue

Bitcoin mining in 2018 hasn’t been as profitable as in 2017 despite an increase in overall revenue. With the network hashrate continuing to increase astronomically, miners now pay higher electricity tariffs severely affecting their bottom-lines. A Mixed Bag of Fortunes for Bitcoin Miners According to Diar, revenue accrued by BTC miners for the first half of 2018 exceeded the total revenue earned for all the whole of 2017. Adding the figures from Q3 2018, BTC mining revenue for the year now exceeds 2017’s numbers by more than […]

More info

Mobile SMS Bitcoin Cash Wallet Cointext Expands to Asia

Hong Kong is the first country in Asia to officially be connected by Cointext, a service which enables anyone to send money to mobile phone numbers or Bitcoin Cash addresses without Internet, apps, or accounts. In addition to residents of the Chinese autonomous territory, Israelis and Palestinians also now have access to the service. Also Read: Binance Exchange to Replace Token Listing Fees With Donations Cointext Expands to Asia Cointext, a service which enables cryptocurrency users to transact directly over mobile SMS, has announced today that it […]

More info

Bitfinex Challenges Insolvency Rumors, Provides Proof of Wallet Reserves

Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question. The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent. In its defense, the company provides links to its public wallet addresses, stating that hearsay in spite of these publicly verifiable records is “perhaps indicative of a targeted campaign based on nothing but fiction.” “Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going […]

More info

UK’s Oldest Crypto Exchange Prepares for Employee Layoffs

In what may be a sign that business in the cryptocurrency space is in a winding down phase, U.K.-based bitcoin exchange Coinfloor is bidding adieu to half of its staff. The company, which claims to be the oldest crypto exchange in London, has roughly 40 employees. More than half of them will be let go, Financial News reported, citing two sources close to the matter. The news broke early today, October 8, 2018. Coinfloor CEO Obi Nwosu confirmed the layoffs but declined to spell out exactly how […]

More info

Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down

Man Steals $15,000 Of Electricity For Bitcoin (BTC) Mining Despite the stringent rules placed on China’s crypto scene, the Bitcoin and altcoin mining business remains as hot as ever. So hot, in fact, that a Chinese man, named Xu Xinghu, thought it would be a good idea to steal electricity from the nation’s train network to bolster his mining activities. According to local media outlet CNBeta, with TechNode relaying and translating the information, Datong native Xu Xinghu, who hails from a city in China’s Shanxi province, stole […]

More info

Bitcoin Price Analysis Oct.8: BTC is now facing the 2018 long-term line

That happened quick. As expected on our yesterday’s price analysis, Bitcoin produced a significant move. Not that major, but unlike the steady, stable past week – a daily movement of around $150 is considered something. The more interesting fact is that Bitcoin is now facing (again) the long-term descending trend-line. This famous line started forming in February 2018, while one Bitcoin was at almost $12,000. Will we see it again? The first step that needs to take place is, of course, to break up our of this […]

More info

Exchanges Roundup: Pantera Fund Down 40%, Bittrex Delists Altcoins

In recent news pertaining to cryptocurrency exchanges, images circulating online show Pantera Capital’s Digital Asset Fund had a lifetime-to-date performance of minus 40% as of the end of August, Bittrex has announced the delisting of Bitshares, Bitcoin Gold, and Bitcoin Private, and Indian cryptocurrency exchange, Bitbns, has been accused of falsifying its trade volume. Also Read: Rapper Soulja Boy Releases New Single Titled ‘Bitcoin’ Pantera Digital Asset Fund Posts 40% Lifetime Loss So Far A post circulating on Twitter detailing the “August performance” of Pantera Capital’s Digital Asset […]

More info

Binance to Make Listing Fees Transparent, Give Proceeds to Charity

Binance, the largest cryptocurrency exchange by trading volume, said that it will make new cryptocurrency listing fees transparent and donate 100 percent of those fees to charity. The exchange made the announcement today, October 8, 2018, in a blog post where it stated that a listing fee would now be more appropriately called a “donation.” Listing fees have been a pain point for cryptocurrency projects. Projects depend on getting their coins listed on exchanges for liquidity. News of getting listed on a major exchange can cause a […]

More info

PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology. PwC consists of several different financial firms and spans across 158 countries. The company currently boasts over 200,000 employees serving in quality assurance, advisory and tax service positions. Founded by former PayPal technologists Dan Schatt and Lu Hua, Cred seeks to offer open access to cryptocurrency-based credit options, regardless of where the seeker may reside. With offices in Munich, […]

More info
1 2 3 4