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Bitgrail, an exchange whose primary purpose was to facilitate the trading of nano, has folded after ‘losing’ 17 million XRB, valued at around $170 million. The Italian exchange had been offline for weeks, and its customers feared the worst. Today, its operator “Francesco The Bomber” confirmed the bad news, which gained short shrift from the […]
The post Cryptocurrency Exchange Bitgrail Suspends Operations After ‘Losing’ $170 Million of Nano appeared first on Bitcoin News.
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Myetherwallet, the web’s most popular client-side ethereum interface, has announced a surprise rebrand. The service will henceforth be known as Mycrypto following an acrimonious split. The sudden move took one half of the Myetherwallet team by surprise, who claims the “Twitter handle was changed without knowledge or permission of MEW’s founder”. It has also emerged […]
The post Myetherwallet Relaunches as Mycrypto Following a Hostile Twitter Takeover appeared first on Bitcoin News.
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Despite being associated with cryptocurrencies such as bitcoin and ethereum, ripple’s status as a decentralized currency is a matter of dispute. Critics have taken aim at XRP for years, claiming that Ripple exerts an unprecedented degree of control over transactions, something the company has always denied. A new report from Bitmex Research, whose cryptocurrency analysis […]
The post New Research Suggests Ripple Is Even More Centralized Than Previously Thought appeared first on Bitcoin News.
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Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission began in earnest at the United States Senate Dirksen office building Tuesday, 6 February. The Committee on Banking, Housing, and Urban Affairs summoned respective Chairs of the US Securities and Exchange Commission (SEC) and US Commodity […]
The post Landmark Senate Crypto Hearing Seen as Mostly Positive by Bitcoiners appeared first on Bitcoin News.
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Looking at mainstream media headlines over the past few weeks shows a lot of columnists and pundits have declared that ‘bitcoin’s bubble has burst.’ They always claim that it’s much safer to invest in traditional investments like equities or the stock market while at the same time highlighting cryptocurrency’s volatile price swings. However, on Monday, […]
The post ‘Black Monday’ Shows Bitcoin Isn’t As ‘Dangerous’ As Regulators Claim appeared first on Bitcoin News.
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Several Central Asian countries have taken steps to embrace cryptos one way or another. Kazakhstan, Kyrgyzstan, and Uzbekistan are some of the less conspicuous former Soviet republics, but now they are starting to appear on the crypto radar. With certain inherent advantages and some clever new policies, they try to attract investors and integrate into […]
The post Kazakhstan, Kyrgyzstan, and Uzbekistan on the Crypto Radar appeared first on Bitcoin News.
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Responding to strong market demand, AMD is planning to increase production of graphics cards which are currently in short supply. The recently launched RX Vega GPUs have virtually disappeared from shelves, with crypto mining gaining popularity among investors and enthusiasts. The revenue from the company’s Graphics Division has reached almost a billion dollars in the […]
The post AMD Increases GPU Production to Match Crypto Mining Demand appeared first on Bitcoin News.
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The current cryptocurrency investments ecosystem is one of the purest forms of a free market in economic history. This gives rise to an incredible growth which makes some people overnight fortunes and allows startups to flourish like never before. Unfortunately, it also puts the burden on investors to vet the teams, ideas, and capabilities before […]
The post Vegetables on a Blockchain ICO Exit Scams After Paying People to Write On Their Bodies appeared first on Bitcoin News.
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From market cap to trading volume, there’s a lot of ways to assess and quantify cryptocurrencies. Traders evaluating new crypto projects are prone to diving deep in their quest to uncover diamonds in the rough. Github activity – the frequency with which the code governing cryptocurrencies is updated – provides a good indicator of which […]
The post New Website Ranks 600 Cryptocurrencies by Github Activity appeared first on Bitcoin News.
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Washington and legacy media are in a tizzy about Venezuela reportedly thwarting international sanctions by way of a dreaded state-backed cryptocurrency. A closer look reveals several stumbling blocks for the Bolivarian Republic: nonexistent reserves, hyperinflation, centralization, and the impossibility of actual redemption. The attempt will fail, if it’s ever rolled out, adding woes to a region […]
The post Why Venezuela’s New National Cryptocurrency El Petro Will Fail appeared first on Bitcoin News.
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