Joseph Lubin, Ethereum’s co-founder, has declared we have reached “the cryptobottom of 2018” in a recent tweet. Joseph Lubin, co-founder of major cryptocurrency Ethereum (ETH), declared that he is “calling the cryptobottom of 2018” in a tweet Dec. 21. According to Lubin, the crypto market’s bottom “is marked by an epic amount of fear, uncertainty,… Continue reading Ethereum Co-Founder Calls ‘the Cryptobottom of 2018’
Category: cryptocurrencies
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Following Crypto Mining Crash, GPU Producer Nvidia Worst Performer in S&P 500
Taiwan-based GPU producer Nvidia is the S&P 500’s worst performer in Q4 2018, as crypto mining sales have all but disappeared. The drastic decrease in crypto mining profitability has hit graphics processing unit (GPU) producers like Taiwan-based Nvidia hard. In Q4 2018, the firm experienced a massive sell-off of its shares, cutting the stock price… Continue reading Following Crypto Mining Crash, GPU Producer Nvidia Worst Performer in S&P 500
Bitfinex Crypto Exchange Launches Margin Trading for Stablecoin Tether
Crypto exchange Bitfinex has introduced margin trading for stablecoin Tether, and plans to add support for other stablecoin pairings. Hong Kong-based cryptocurrency exchange Bitfinex has introduced margin trading for stablecoin Tether (USDT), according to a blog post published Dec. 21. Bitfinex has launched margin trading for the USDT/USD pair, which would purportedly lead to more… Continue reading Bitfinex Crypto Exchange Launches Margin Trading for Stablecoin Tether
Bloomberg: Facebook is Developing a Cryptocurrency for Transfers in WhatsApp
Sources familiar with the matter told Bloomberg that Facebook is developing a cryptocurrency for transfers in WhatsApp. Facebook is reportedly making a cryptocurrency for users of the messaging service WhatsApp, Bloomberg reports on Dec. 20. The token will purportedly be used for money transfers made within the app, and will focus on the remittances market… Continue reading Bloomberg: Facebook is Developing a Cryptocurrency for Transfers in WhatsApp
Binance CEO Changpeng Zhao Calls 2018 ‘Correction Year’ for Crypto
Binance crypto exchange CEO Changpeng Zhao said that 2018 is a “correction year” for cryptocurrencies. Changpeng Zhao called 2018 a “correction year” for crypto currencies while expressing optimism for the future of the crypto industry during a Bloomberg interview published on Dec. 19. Zhao spoke in reference to the bear market plaguing traders this year,… Continue reading Binance CEO Changpeng Zhao Calls 2018 ‘Correction Year’ for Crypto
Following $120 Million Funding Round, Waves Token Price Jumps Over 30%
Global blockchain platform Waves raised $120 million in a private funding round for its new project called Vostok. Global blockchain platform Waves has raised $120 million in a private funding round for its new project called Vostok, according to an official blog post published Dec. 19. The Vostok project is a “universal blockchain solution” that… Continue reading Following $120 Million Funding Round, Waves Token Price Jumps Over 30%
Irish High Court Ruling ‘Breaks New Legal Ground,’ Reports Local Media
The Irish High Court has ruled that a convicted man’s crypto, which was discovered after the initial investigation and sentencing, could be confiscated as “proceeds of a crime.” Ireland’s High Court has ruled that 25,000 euro in cryptocurrency held by a man in prison is considered “the proceeds of a crime,” the Irish Times reported… Continue reading Irish High Court Ruling ‘Breaks New Legal Ground,’ Reports Local Media
Hong Kong: Purported Bitcoin Millionaire Reportedly Arrested After Making It ‘Rain Cash’
A purported Bitcoin millionaire has reportedly been arrested in Hong Kong for having made it “rain cash” in one of the poorest parts of the city. A supposed Bitcoin (BTC) millionaire has been arrested in Hong Kong after “making it rain cash” on the streets, local English-language news outlet the Shanghaiist reported on Dec. 17.… Continue reading Hong Kong: Purported Bitcoin Millionaire Reportedly Arrested After Making It ‘Rain Cash’
Better Than Corporations: Layoffs in Crypto Are On the Rise, Still Lower Than in Other Industries
Job cuts have become a reality in the crypto industry – but they pale in comparison to the biggest corporate layoffs in history. Since Bitcoin hit its all-time high of $20,000, the dominant cryptocurrency has seen more than an 80 percent decline in value from that historic milestone over the past 12 months. The popularity… Continue reading Better Than Corporations: Layoffs in Crypto Are On the Rise, Still Lower Than in Other Industries
US Crypto Exchange Coinbase Introduces Digital Asset Conversions
U.S.-based crypto exchange Coinbase has launched direct crypto conversions on its retail trading platform. San Francisco-based cryptocurrency exchange and wallet service Coinbase has launched its new “Convert” service, according to an official statement on Dec. 17. Per the statement, customers will initially be able to convert between Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin… Continue reading US Crypto Exchange Coinbase Introduces Digital Asset Conversions