Crypto mining activities hit a snag in the Republic of Abkhazia after the government decided to cut power to 15 crypto mining facilities. This action was explained in a Facebook post by state electric utility Chernomorenergo RUE, where they cited…
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is Bitmain Cashstrapped? Questions Rise after reports of Several Layoffs
Several reports indicate that popular crypto mining giant Bitmain could be cash-strapped. Co-founder of crypto-fund, Multi-coin capital, Kyle Samani appeared to indicate the same in his tweet, where he suggested that Bitmain looked set to liquidate some its crypto-assets in…
You Can Now Convert one Cryptocurrency to Another thanks to the New “convert” Service by Coinbase
San Francisco based crypto exchange, Coinbase which is one of the largest and most accomplished of its kind has some great news for you this December. As revealed on their blog, they will be rolling out the new “convert” service…
Italian Regulators Suspend two Crypto Projects Over Alleged Scams
The Italian securities regulator has slapped two crypto projects with suspensions for allegedly offering fraudulent crypto investment schemes. The temporary bans will reportedly last 90 days as was reported in an official statement on the regulator’s website yesterday. The regulator,…
A look at Ethereum Beyond its Low Market Price
Ethereum is currently trading at 18 month lows and looks like a complete wreck ahead of the New Year if you look at price alone. However, a more careful look at the numbers will reveal a different story when it…
Ethereum Targeted Hacks Re-surface Despite Low Market Price
According to a report by tech magazine, ZDNet, there is a resurgence of hacks specifically targeting Ethereum holdings. The publication referenced research by cybercrime monitoring company Bad packets LLC that had pointed that despite Ethereum sinking to 18-month lows,…
Ohio Congressman Proposes Crypto Crowdfunding to Fund Trump’s Mexican Border Wall
In an NPR interview on December the 12th, Congressman Warren Davidson from Ohio state suggested raising money to “build that wall” on the border with Mexico using the Blockchain. Davidson, a known crypto-enthusiast who has participated in various crypto projects,…
Price per Bitcoin Could Reach $10 million in a Decade According to Fundstat’s Tom Lee
Thomas Lee, the co-founder of fundstat global advisors, said there was fair value in betting on the price of Bitcoin to rise much higher than it currently is. Thomas, who has many years of experience in market analysis said that…
KFC Venezuela dismisses Earlier Report that it is Accepting Payments in DASH
A report from two days ago that revealed that KFC Venezuela would be accepting dash crypto-currency, has been rubbished by the CEO of KFC Venezuela, Antonio Sampayo. Sampayo revealed that the fast-food chain in that country has held discussions with…
Billionaire Investors Remain Positive on Long term Future of Crypto Markets
The crypto markets have been scouring the floors of the market all though 2018 which is a sharp contrast to how the markets were faring back in 2017. Despite the market downturn, Billionaire investors such as Tim Draper, Jim Breyer,…