Since Bitcoin (BTC) breached the monumental $20,000 price milestone and subsequently crashed, crypto investors en-masse have sought to determine when the asset would retest five-digits. While an array of crypto pundits have speculated, throwing their zany predictions into the crockpot that is Twitter, the date of the next parabolic rally’s commencement is still elusive. Yet, a…
While 2019, the purported year that the Bitcoin ecosystem would undergo a turnaround, is in full swing, crypto startups have continued to fall on bad times. Most recently, a London-based, multi-faceted company revealed that “staff reductions” had taken place, likely catalyzed by the tumult in crypto markets. Related Reading: Legendary Venture Capitalist: “We’re Close to a…
Although Bitcoin (BTC) and its crypto asset brethren have effectively stabilized, seeing little-to-zero movement, this industry’s startups have continued to make strides in an array of directions. Some preeminent companies made monumental steps forward, while others took devastating steps back. Regardless, the bottom line is that the crypto sector hasn’t slowed, contrary to sentiment touted by…
The long-running bearish sentiment of cryptocurrency market has claimed another victim. Giga Watt, a US-based Bitcoin mining firm, sent an email to its customers, stating that it has decided to close down operations. The company clarified that it had lost access and power to its mining facilities because it didn’t have adequate funds to continue the…
It goes without saying that 2018’s bear season savaged the broader crypto industry. Investors lost faith, Wall Street seemingly pulled out, and entire startups collapsed as financial pressure mounted, catalyzed by a collapse of the Bitcoin price. Yet, ambitious venture groups continue to seek financiers en-masse, as arguably, bear markets are an optimal time for…
While Bitcoin (BTC) and a majority of cryptocurrencies, save for Augur’s REP, have remained in a mundane price lull to start 2019, this industry’s upstarts have forged ahead. Grayscale Investments, a self-proclaimed “global leader in digital asset management,” recently launched an investment vehicle centered around Stellar Lumens (XLM) in a seeming bid to spark Wall…
Thailand is rapidly becoming one of the most crypto friendly nations in Southeast Asia despite still being in the grips of a military dictatorship. The Stock Exchange of Thailand (SET) has plans to apply for a digital license which will enable it to operate a cryptocurrency exchange. Thai Bourse Eyes Crypto The SET is keen…
If things were not bad enough in crypto land the US government are adding to its woes. The longest shutdown in history is taking its toll on the economy, innovation and the crypto industry. The Waiting Game Continues Regulators are no friends of those in the blockchain and crypto industries but they have come to…
Since BitMEX rocketed to the tip of the crypto market, hosting hundreds of millions of dollars worth of nominal Bitcoin (BTC) trades each and every day, the company has come under pressure from regulators. And while the Asian startup is mostly well-respected, with its chief executive, former stock trader Arthur Hayes, being very forthcoming and…
The race to launch the first crypto powered messenger app is heating up. Naturally the internet monopolies such as Facebook are scrambling to be first, but looking at its history it is one of the least suitable to handle decentralized currencies. New contenders are appearing on the scene with far better credentials than the world’s…