Bitcoin 

Institutional Interest in Crypto Doubles in Q2

A senior executive at cryptocurrency asset management giant Grayscale has stated that institutional investors are constantly piling into the space in 2019. Grayscale says institutions were always active Speaking in an interview with news outlet The Block on Oct. 8, the company’s director of sales and business development Rayhaneh Sharif-Askary said that business had been consistent while growing throughout this year. Q2 alone saw $85 million come from investors — twice as much as in Q1 — with institutional investors contributing more than 80% in total. Sharif-Askary explained: “You know,…

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Bitcoin 

What Crash? Bitcoin Hash Rate Doubles in 24 Hours Despite Price Drop

Bitcoin (BTC) has already dispelled myths its hash rate suffered a 40% drop this week, reaching new all-time highs just days afterwards. What hash crash? As data from monitoring resource Coin Dance confirms, after the hash rate metric dipped from 104 quintillion hashes per second (h/s) to 57 on Sept. 23, it immediately reversed. On Sept. 24, it doubled, reaching 114 quintillion h/s, just a touch away from the all-time highs of 121 quintillion h/s seen ten days previously.  Bitcoin network hash rate. Source: Blockchain.com As Cointelegraph reported, commentators initially…

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Cryptocurrency 

NetCents Doubles Partnership Agreements in Six Months

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) announced Wednesday that it is accelerating its pace for market adoption and integration through the sign on of its 40th partnership agreement. Doubling its number of partnerships in just over six months reflects NetCent’s aggressive trajectory to accelerate its partner growth and keep pace with merchant adoption of cryptocurrency. It also demonstrates the increased willingness of merchants to adopt traditional payment alternatives by incorporating NetCent’s payment solution in-store, online, and within their POS systems. “This accelerated partner growth continues to validate our business model and the…

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Blockchain 

R3 Doubles London Office Size in Anticipation of Growing Branch

New York-based enterprise software firm R3, known for its enterprise blockchain platform Corda, has doubled the size of its London Wall office. Business intelligence firm Mondo Visione reported on the company’s new hiring goals on Aug. 1. According to the report, R3 has increased the size of its London branch as partial accommodation for the company’s intended 85 global hires by the end of 2019. Out of the 85, over half are intended to be installed in the company’s London office. R3 is reportedly primarily recruiting software engineers, but will…

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Bitcoin 

Square Doubles Bitcoin Revenue, Generating $125 Million via Cash App in Q2

Payments company Square has generated $125 million in Bitcoin (BTC) revenue in the second quarter of 2019 through its mobile payments service Cash App. Square released the information in the company’s Q2 2019 shareholder letter on August 1. According to the letter, the company’s Bitcoin revenue benefited in part from the number one  cryptocurrency’s price rally over the quarter. As a result of this price growth, there was also a correspondingly increased volume of Bitcoin, they say. This resulted in a $2 million gross profit for the company. Cash App…

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Blockchain 

John McAfee Doubles Down on $1M 2020 Price Prediction for Bitcoin

American entrepreneur and vocal crypto advocate John McAfee has doubled down on his $1 million by 2020 prediction for Bitcoin (BTC). Taking stock of community sentiment in light of Bitcoin’s recent price fluctuations, McAfee wrote on July 15 that he was “laughing his f—— ass off” at the seemingly overblown negativity: “Bitcoin is at the mid 10’s and people worry. LMFAO!! Why do you pay attention to weekly fluctuations? Look at the past few months FFS! It’s rising drastically. I’m still positive about my $1 mil BTC price by the…

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Ethereum 

Winklevoss Twins Fortune Doubles in 2019 Reclaiming ‘Bitcoin Billionaire’ Status

Tyler and Cameron Winklevoss, bitcoin (BTC) bulls and founders of the Gemini crypto exchange, have seen their fortune more than double to hit a combined $1.45 billion following the fresh crypto market surge. Bloomberg reported the news on June 27. As early investors in bitcoin, the twins’ wealth now stands at its highest since March 2018 and has soared 120% from $654 million as of January this year, Bloomberg claims. The current bitcoin bull-run has restored the twins to ‘bitcoin billionaires’ once again. As Bitcoin’s price ascent continues apace —…

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Ethereum 

Bitcoin Approaches $8,000 as Bitcoin SV Doubles in Value

Tuesday, May 21 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) approaches the $8,000 mark again. Market visualization courtesy of Coin360 Bitcoin is up over 2% on the day, trading at $7,953 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 2.55%. Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin’s proximity to $8,000 comes as the United States Securities and Exchange Commission reported yesterday that they are “still in information-gathering mode” regarding a…

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