ConsenSys, ShapeShift, Bitmain, and Huobi are among the notable crypto upstarts that have announced layoffs in recent weeks, citing bids to extend their financial runways. However, other Bitcoin-friendly companies have bolstered their war chests through other mediums, accentuating that venture investors haven’t shirked away from this budding sector. Far from, in fact. Related Reading: Legendary Venture Capitalist: “We’re…
Over the past several days Bitcoin (BTC) has seen an extended period of sideways trading within an extremely tight trading range between approximately $3,550 and $3,650. Although this lack of volatility may be welcomed by investors who are tired of the cryptocurrency’s frequent price movements, historically involatile price action leads to a massive price movement…
Users of the peer-to-peer OTC Bitcoin trading service LocalBitcoins have been targeted by cyber criminals as part of a phishing scam, resulting in the user’s Bitcoin being stolen. Forum users were being redirected to a phishing site, which was prompting the users to input two-factor authentication codes that were used to access user accounts and empty…
There may be a drought in the broader retail Bitcoin market, but in the crypto financier space, spirits seem to be as high as ever. Well, that’s what Mike Novogratz, the founder of merchant bank Galaxy Digital, thinks anyway. Just recently, the former Wall Street investor, who held stints at Fortress Financial and Goldman Sachs,…
Crypto markets are motionless today, Stellar and BNB making minor gains, Iota and Maker receding. Movement on crypto markets has been minimal all week and nothing has changed as we begin the weekend. The majority of crypto assets have done nothing since yesterday and total market capitalization is still holding just above $120 billion. Bitcoin…
JP Morgan has doubled down on their criticism of Bitcoin (BTC) and Crypto in general in a recent report analyzing the nascent markets. Within this report, analysts at the financial institution made multiple claims regarding the markets, notably saying that Bitcoin may only be a good hedge in a “dystopian scenario.” This bearish report does…
Although the cryptocurrency markets have found some levels of support and stability around their current prices, many investors and analysts alike are looking towards future events that could potentially lead to a Bitcoin (BTC) price surge. Now, analysts are speculating that anticipation for Bitcoin’s upcoming “halving” event could lead its price to surge. Analyst: Bitcoin…
Fundstrat Global Advisors co-founder Tom Lee appeared on Fox News earlier today to talk to talk about traditional markets and cryptocurrency. It was not long before his famous “$25,000 by the end of 2018” Bitcoin price prediction was brought into question. Lee blamed the proliferation of the ICO fund-raising technique for the inaccuracy in his…
Nine months ago, prominent crypto analyst Nic Carter made a bold prediction that in less than a year, at least one “nation state” would announce the creation of a Special Crypto-Economic Zone. Today, Carter’s prediction rings true with a number of countries such as the Philippines, South Korea, and Thailand are working to create an…
Another day, another price prediction. They are coming thick and fast at the moment as analysts and industry observers scramble to predict where the bottom will be. Some are more optimistic than others, but it is to be expected that JP Morgan is firmly on the pessimistic side of the fence. JP Morgan Predicts More…