Bitcoin 

Bitcoin Mining Difficulty Sees Biggest 2019 Drop as Hash Rate Spikes

Bitcoin (BTC) mining difficulty adjusted downwards more than at any time since its 2018 price low on Nov. 8, data shows.  As noted by entrepreneur and cryptocurrency commentator Alistair Milne on Monday, difficulty fell by around 7% after the network’s latest readjustment.  Difficulty reveals Bitcoin network maneuvering Mining difficulty refers to the effort required for miners to solve the equations necessary to validate transactions on the Bitcoin network. A higher difficulty implies competition for block rewards is higher, while drops incentivize more participation. The mechanism functions as a self-stabilizing device…

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Bitcoin 

Rep. Davidson Sees Place for Blockchain in US Manufacturing Despite Congress’ Concerns

United States pro-crypto Congressman Warren Davidson (R-OH) has once again called for clear regulations of blockchain industry to maintain U.S. economic dominance. On Nov. 4, Davidson published a letter in the Wall Street Journal in response to an Oct. 24 report on automation in manufacturing. The congressman urged the U.S. government to encourage innovators to stay in the country. The letter read: “If we allow fear to stifle their efforts, we risk surrendering global superiority and sacrificing improvements in quality of living.”  Rust-belt woes in the face of changing manufacturing…

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Bitcoin 

Binance Bitcoin Futures ‘Attack’ Sees FTX Exchange Face $150M Lawsuit

Cryptocurrency derivatives exchange FTX has received a $150 million lawsuit for market manipulation and selling unlicensed securities in the United States. Uploaded to social media by End of the Chain podcast host Samuel McCulloch on Nov. 3, sections of the lawsuit document show FTX accused of “attacking” fellow exchange Binance. Lawsuit: FTX had “manipulative and deceptive scheme” The plaintiff, a mysterious entity known as Bitcoin Manipulation Abatement LLC, is demanding $150 million in exemplary and punitive damages. According to the plaintiff’s lawyers, FTX used accounts to manipulate Binance’s recently-launched Bitcoin…

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Blockchain 

SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year

SBI Securities’ trading revenue surged 19.2% in 2019, largely due to the inclusion of the company’s crypto investment wing, which turned a $7.1 million loss into a $30 million profit over the year. Japanese financial services giant SBI Holdings released its new financial report on Oct. 30. The report analyzed results for the six-month period ended Sept. 30, 2019 and witnessed major growth of SBI’s crypto-heavy venture capital arm in 2019 amid a general decline in SBI’s revenue. SBI VC Trade profits grow over $30 million over a year According…

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Ethereum 

DAI in a Visa Card, Tether Sees Use in E-Commerce

Ethereum-based decentralized stablecoin DAI is now spendable where VISA cards are accepted and leading stablecoin Tether (USDT) is seeing increasing use by e-commerce organizations. DAI now usable in E.U. stores According to a press release shared with Cointelegraph Oct. 29, collaborative financial platform 2Gether added DAI support to its platform. A spokesperson claimed that this is the first stablecoin added to the platform. As a result of the addition, 2Gether users can now spend their DAI like euros, without fees, anywhere where Visa is accepted with the dedicated card. Furthermore,…

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Blockchain 

Wallet Provider Blockchain.com Sees a String of Exec Departures: Report

United Kingdom-based cryptocurrency data and wallet provider Blockchain.com has come under the spotlight after a string of exits by company employees. Citing sources familiar with the matter, an article published by The Information on Oct. 2 claims that Blockchain’s longest-serving senior executives — COO Liana Douillet Guzmán and Chris Lavery, executive vice president of finance — are both expected to leave. Their departures, if accurately reported, would be just the latest in a steady stream of team members calling it quits on the startup, The Information alleges. A series of…

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Bitcoin 

Major Coins Report Mixed Signals, ETC Sees Modest Gains Following Har Fork

Thursday, Sept. 12 — Cryptocurrency markets are reporting mixed signals today after Bitcoin (BTC) stuck above $10,000 as it was earlier today, according to data from Coin360. Market visualization. Source: Coin360 BTC is up 2.19% over the past 24 hours and is trading at around $10,302 at press time. The leading coin has seen slight volatility during the day, having dropped to as low as $10,056, while the intraday high was $10,393. Bitcoin seven-day price chart. Source: Coin360 As Christopher Inks of TexasWest Capital said in an interview with Cointelegraph…

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Bitcoin 

Bitcoin Price Corrects While Gold Sees Worst Daily Drop in 2.5 Years

Thursday, Sept. 5 — after failing to break $10,800 price point, Bitcoin continued to hover around $10,500, while most of the top 20 coins saw major losses. Market visualization | Source: Coin360 After hitting an intraday high of $10,761, Bitcoin has seen a notable decline and continued fluctuating around $10,500 for most of the day. At press time, Bitcoin is trading at  $10,528, down around 1% over the past 24 hours at press time. Still, Bitcoin is up more than 10% over the past 7 days as, according to some,…

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Ethereum 

Crypto Market Sees Minor Losses After Trading Sideways

Monday, Aug. 26 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red. After trading sideways for most of the day, the market is currently seeing minor losses. Market visualization. Source: Coin360 BTC is trading at $10,350 at press time — a 1.72% price decrease on the day. BTC has been mostly trading between $10,000 and $10,800 over the past seven days, with its current price sitting right in the middle of those two price points.  Bitcoin 7-day price chart. Source: Coin360 BTC also recently achieved a…

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Bitcoin 

Bitcoin Price Stays Above $10,000 as Overall Crypto Market Sees Green

Thursday, Aug. 22— Bitcoin (BTC), Ether (ETH), and XRP are all in the green. These top three coins fell from Monday to Wednesday, but are moving upwards again. Top cryptocurrencies are generally green across the board.  Market visualization. Source: Coin360 Bitcoin is trading over $10,120 at press time, representing a 0.08% price increase on the day. One analyst, a senior qualitative researcher at crypto investment fund Ikiga named Hans Hauge, believes that BTC is still in the middle of a bull run. According to Hauge, the Bitcoin Days Destroyed (BDD)…

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