Trading volume across the cryptocurrency market has remained on a downward path all this year. But that hasn’t affected the growth rate of Binance, currently the world’s leading cryptocurrency exchange by volume. The Malta-based organization expects to earn circa $1 billion in profits despite the market slump in 2018. That is almost $650 million higher…
Mobile payments and merchant services provider Square, Inc. has revealed its Q3 revenue report, and with it has shared some positive growth in Bitcoin-related revenue. Square Shows Steady Continued Growth in Bitcoin Revenue According to Square’s third quarter 2018 revenue report, the mobile payment firm generated $431 million in adjusted net revenue – beating FactSet…
Jackson Palmer, the founder of the cryptocurrency Dogecoin, has discussed what he calls the “re-centralization” of the cryptocurrency markets, and notably criticized the direction the industry is heading. Growing Shift Away from Decentralization in Cryptocurrency Industry In a recent opinion piece published in Diar, Palmer begins his Op-Ed, titled “The Institutionalization of Cryptocurrency is a…
The native cryptocurrency token powering the Brave browser, Basic Attention Token, has fallen 20% overnight over concerns stemming from the SEC’s recent crackdown. BAT Faces Deep Correction After Coinbase Listing Surge While Bitcoin and much of the rest of the cryptocurrency market continue to struggle to break out through long-term downtrend resistance, Basic Attention Token…
Very few positive stories come out of China with cryptocurrency in the headlines. This one is no different as the central bank has continued with its rhetoric over the risks of dealing with digital currencies. Same Old Story; Crypto Bad, Blockchain Good The People’s Bank of China has issued another warning over its perceived bubble…
Ethereum’s Achilles heel has always been scaling. Since its inception, developers have been researching different ways to scale the blockchain in order to increase network capacity and speed. Back in August 2017 Ethereum co-founder, Vitalik Buterin, released an initial draft of the Plasma project which provided an off-chain layer 2 scaling solution. By spawning child-chains…
The launch of the first Bitcoin exchange-traded fund (ETF) could witness the space attracting as little as a few billion dollars, predicted Gabor Gurbacs. The director of Digital Assets Strategy at VanEck made the bullish prediction during an interview with CNBC Crypto Trader hosted by Ran Neuner, while explaining the possible outcomes from a successful…
Friday markets are still in decline; Zcash and Stellar opposing the drop, Dogecoin and BAT getting dumped. Yesterday’s decline has continued today though its momentum has slowed a little. Crypto market capitalization has fallen below $215 billion as all hopes of a real recovery have by now evaporated. Bitcoin has dropped almost a percent on…
Alexis Ohanian has spoken about the current state of the cryptocurrency markets. The Reddit co-founder believes that the dwindling prices experienced throughout 2018 are good for the space and will allow those committed to it to work with fewer distractions. Ohanian Silent on Previous Ether Price Call One of cryptocurrency’s most committed bulls, Alexis Ohanian,…
After a week of massive gains for multiple altcoins, the market surge has now cooled off and many are trading down over 2%. Just as the market surge was led primarily by Ripple (XRP) and Bitcoin Cash (BCH), they have also been the worst affected by today’s drop. At the time of writing, Bitcoin is…