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Former Yunbi COO Shares His Outlook for Bitcoin Markets After China’s Crackdown

October 22, 2017 Samuel Haig 0

Former Yunbi COO Shares Outlook for Bitcoin Markets After China's CrackdownLao Mao, the former chief of operations for the Chinese cryptocurrency exchange Yunbi, has posted a statement outlining his outlook for bitcoin’s future both in China and globally moving forward from China’s crackdown. Also Read: Chinese Miners Sell Hardware Amidst Regulatory Uncertainties Lao Mao States That China’s Recent Regulatory Maelstrom Will “Only Leave a Small Mark” […]

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With Bitcoin’s Price Above $6000 USD, Satoshi Nakamoto Should Be on Forbes’ Rich List

October 22, 2017 Samuel Haig 0

With Bitcoin's Price Above $6000 USD, Satoshi Nakamoto Should Be on Forbes' Rich ListBitcoin’s recent spike above $6000 USD has elevated the estimated value of Satoshi Nakamoto’s holdings to more than $6 billion USD, qualifying the anonymous creator of bitcoin for Forbes’ list of richest individuals. At current bitcoin prices, Satoshi Nakamoto’s estimated 1,000,000 bitcoins would place bitcoin’s founder at number 237 on Forbes’ list. Also Read: Ross Ulbricht’s […]

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Microchip Powerhouse TSMC Credits High Performing Quarter to Cryptocurrency Mining

October 21, 2017 Samuel Haig 0

Microchip Powerhouse TSMC Credits High Performing Quarter to Cryptocurrency MiningThe world’s largest independent semiconductor foundry, the Taiwan Semiconductor Manufacturing Company (TSMC), has attributed its high performance for the third quarter of 2017 to surging demand for cryptocurrency mining hardware. Also Read: Research Shows Half a Billion People Are Mining Cryptocurrencies Without Knowing It Taiwan Semiconductor Manufacturing Company Saw an Increase in Revenue by 17.9% During […]

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Chinese Miners Sell Hardware Amidst Regulatory Uncertainties

October 20, 2017 Samuel Haig 0

Chinese Miners Sell Hardware Amidst Regulatory UncertaintiesIt has been reported that an increasing number of Chinese bitcoin miners are liquidating their hardware via second-hand trading platforms. Many of the miners are selling their equipment due to fears that China’s cryptocurrency crackdown may be intensified to target miners. Also Read: Chinese Media Calls For “Zero Tolerance” on Crimes Involving Cryptocurrencies Many Listings for […]

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Tezos Founders Enter Legal Battle for Control of $400m in Raised ICO Funds

October 19, 2017 Samuel Haig 0

Tezos Founders Enter Legal Battle for Control of $400m in Raised FundsFounded by husband and wife, Kathleen and Arthur Breitman, Tezos is a decentralized platform that hosts smart contracts that seeks to compete with ethereum. Tezos’ initial coin offering (ICO) did not have a cap on investment and raised approximately $232 million – at the time comprising the largest ICO crowdsale to date. The 65,703 bitcoins […]

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Bitfinex to Terminate Services for U.S. Retail Customers by November 9

October 18, 2017 Samuel Haig 0

Bitfinex to Terminate Services to U.S. Retail Customers by November 9Bitfinex has announced its plan to terminate all services for U.S. individual customers by November 9th 2017. Their announcement comprised a follow-up to a statement issued in August, which indicated the company was suspending all new requests for account verification from U.S. individuals. Also Read: The Controversy Surrounding Tether’s USD “Backing” Continues Bitfinex Will Suspend Trading, […]

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JPY, USD, and KRW Accounts for Over 90% of Bitcoin Traded on Exchanges

October 17, 2017 Samuel Haig 0

JPY, USD, and KRW Accounts for Over 90% of Bitcoin Traded on ExchangesCNY to bitcoin trading now accounts for approximately only 1% of all bitcoin trade occurring on exchanges, according to cryptocompare data. The Chinese cryptocurrency crackdown has drastically altered the global composition of bitcoin markets. 60% of bitcoin trading currently occurs through Japanese markets, with the U.S. and South Korean markets also comprising a significant share […]

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Australian Bitcoin Adoption Increases Following Regulatory Amendments

October 16, 2017 Samuel Haig 0

Australian Bitcoin Adoption Increases Following Regulatory AmendmentsIn recent months, the Australian government has sought to amend its bitcoin regulations – which were previously notoriously unfavorable to businesses and individuals seeking to use and adopt cryptocurrency. The Australian cryptocurrency industries have since shown signs of significant growth, with many industry insiders attributing the improving investor confidence to amendments made to federal legislation […]

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Bitcoin Market Capitalization Approaches $100 Billion USD

October 15, 2017 Samuel Haig 0

Bitcoin Market Capitalization Approaches $100 Billion USDThe total market capitalization of bitcoin is approaching $100 billion USD, currently sitting at approximately $94 billion USD. The current market capitalization is comparable to that of numerous top 100 global companies. Also Read: Markets Update: Bitcoin’s Price Peaks Past $5800 Across Global Exchanges Bitcoin’s Market Capitalization Has Begun to Test the $100 Billion USD Area […]

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Julian Assange Thanks U.S. Government for 50,000% Gains on Wikileaks’ Bitcoin Holdings

October 15, 2017 Samuel Haig 0

The founder of Wikileaks, Julian Assange, has posted a tweet thanking United States government officials and the financial institutions that refused services to Wikileaks for driving them to invest in bitcoin during 2010. Assange’s tweet indicates that Wikileaks’ bitcoin holdings have seen gains of over 50,000%. Also Read: Your Bitcoins Open to CIA and Criminals, Heed […]

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