Digital Gold: Bitcoin Poised as Newest Safe Haven Asset in 2020

A new report reveals that bitcoin is quickly accelerating to become the safe-haven asset of digital currency markets. Since the advent of bitcoin, following the massive economic crumble in 2008- cryptocurrencies have offered a viable solution to many of the issues the global financial world’s fiat falls prey to.  Or at least that’s what inventor … Read more

Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware

Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss. Demand slumped … Read more

Bitcoin Worth $282K from the 2016 Bitfinex Hack on the Move

The cryptocurrency community has noticed a number of bitcoins from the August 2, 2016, Bitfinex breach has been moved. A small 30 BTC transaction ($282,000) from the stash has moved from the hacker’s address to an unknown bitcoin address. The last time coins from the Bitfinex incident moved was June and August 2019, as the … Read more

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