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Ethereum price continued on rising today to score a day high of $830 earlier today. The price of ether has been recording higher day highs for four successive days now. Moreover, the closing day price has been rising since last Wednesday. The bulls’ control over the market is growing stronger as the price of … Read more
Bitcoin now sits beyond the $9,800 mark. This is a $200 rise from yesterday’s $9,600, which in turn was about $200 more than bitcoin’s previous high. Sentiment is growing that the currency could surpass $10K as early as next week. According to one analyst, bitcoin needed to jump past $9,200 to increase its “bullish profile,” … Read more
In case you were wondering, Nouriel Roubini’s stand on Bitcoin and other cryptos hasn’t changed a bit. He still thinks cryptos are a scam, and believes Bitcoin is “bulls**t”. In a panel discussion at the Milken Institute in Los Angeles, the economist who lectures at New York University referred to late Bitcoin entrants as “suckers” who would end … Read more
State news agency Telesur reports Venezuela president Nicolás Maduro has announced formation of a youth bank funded by the country’s recently launched cryptocurrency, the Petro. Mr. Maduro also took the opportunity to urge countrymen to continue mining its state-backed digital money, including creation of mining farms. Also read: Only 1% of Business CIOs are Actually … Read more
It has been a rather remarkable few years for cryptocurrencies. With the launch of ICO tokens, the industry has taken an important, albeit worrisome step. Despite the global crackdown on initial coin offerings, it seems the industry is still in a good place. With over $23 billion having been raised to date, it is evident there is … Read more
In the past few weeks, there has been a lot of talk of existing cryptocurrencies potentially being labeled securities. Two currencies are of particular concern in this regard, as that status could easily apply to both XRP and Ethereum. It now seems a lawsuit has been filed against Ripple for violating securities laws in issuing XRP … Read more
Peer-to-peer trading of cryptocurrencies has become a lot more popular over the past few months. While centralized exchanges are still the dominant market leaders, OTC trading platforms such as LocalBitcoins and Paxful are gaining popularity. Unfortunately, the success story doesn’t extend to all OTC trading platforms, as CoinTouch was forced to shut down due to new … Read more
Bitmain is clearly intent on introducing a lot more ASIC miners in quick succession. Their latest unit is the Antminer Z9 mini, which is primarily designed to mine cryptocurrencies relying on the Equihash algorithm. Although none of those currencies are even remotely popular, it seems there may still be some interest in this mining unit. The … Read more
Cryptocurrency users may have noticed that there has been an influx of Twitter account hacks in the past week or so. One of the affected accounts was that of Vertcoin, although it was quickly recovered. It now seems a network of bots was behind these hacks. Twitter has confirmed that those bots successfully stole various identities over the course of three … Read more
There has been an ongoing “war” between Visa, Mastercard, and the cryptocurrency industry. With both major card issuers clamping down on Bitcoin-related debit cards over the past few months, it has become somewhat more difficult to spend cryptocurrency. Mastercard is now blaming the cryptocurrency industry for its reduced Q1 growth. Mastercard vs. Cryptocurrency The past year has been … Read more