Bitcoin & Crypto News

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High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate

On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce… Continue Reading →

Cryptocurrency Salaries and Company Scrip: What’s the Difference?

Bitcoin naysayers tell you that cryptocurrency salaries are simply the modern version of company scrip. Is that really the case?

Huobi Wallet Integrates MakerDAO and Compound, Expands DeFi Initiative

Huobi Group is continuing its foray into decentralized finance (DeFi) with support for MakerDAO and Compound Protocol, as per a press release, August 19, 2019. MakerDAO at one point had over half a billion dollars worth of value locked in… Continue Reading →

5 Insane Conspiracy Theories About That Bitcoin Twitter Scandal

By CCN Markets: Bitcoin maximalists feuding with altcoiners is not headline-worthy material. However, when a Twitter handle that boasts 1 million followers and previously pumped Bitcoin Cash suddenly deletes old anti-Bitcoin tweets and even links to in its profile,… Continue Reading →

Around The Block With Jeff And Dave – August 20, 2019

Another faketoshi has been announced – find out what he is all about! Coinbase buys Xapo and now holds $7B worth of cryptocurrencies, Rakuten, a large Amazon-like provider out of Japan announces a crypto exchange. Bank of America announces a… Continue Reading →

Apple Arcade, the ‘Netflix for App Store Games’ Is a No-Brainer for $4.99

By CCN Markets: Apple, the Cupertino-based tech company that’s infamous of its extremely high price tags, is likely to release its ‘Netflix for App Store games’ Apple Arcade subscription at the consumer-friendly $4.99 monthly fee. Apple Arcade is a great… Continue Reading →

Philippines Central Bank Greenlights More Cryptocurrency Exchanges

Local Philippines media outlet Philstar Global is reporting that a couple of cryptocurrency exchanges have obtained authorization from the country’s central bank. This development follows similar approvals gotten by close to a dozen platforms in recent time. Several countries in… Continue Reading →

Facebook’s Libra Spooks China Into Rushing Central Bank ‘Crypto’

By CCN Markets: We now know the reason why China’s central bank appears to be rushing to issue its “cryptocurrency” as quickly as possible. Beijing, reports suggest, is worried that Facebook’s Libra “cryptocurrency” will launch first. Communist Party Mouthpiece: China… Continue Reading →

Indian Apex Court Grills RBI over Bitcoin Trading Ban

The courtroom battle between India’s bitcoin exchanges and the central bank appears to go in favor of the former. In a hearing today, the Supreme Court judge asked the Reserve Bank of India (RBI) that why it chose to ban… Continue Reading →

Blockchain Lunar Registry ‘Diana’ Intends to Tokenize the Moon

Diana, a project that claims to be a “Blockchain Lunar Registry,” has announced plans to tokenize the Moon and register it on a distributed ledger. Diana says it’s also developing a decentralized application (dApp) that can mark the land on… Continue Reading →

Bitcoin Becoming Reserve Asset for Altcoins: Ark Investment

A recent run-up in the bitcoin price has been credited to a string of events: the US-China trade war, determined monetary easing by central banks, price manipulation via Tether’s stablecoin USDT, Facebook’s plans to launch its cryptocurrency, as well as… Continue Reading →

India’s Biggest Bank Plots Scary Debit Card Kill-Switch Similar to Crypto Ban

By CCN Markets: India’s largest bank, the State Bank of India (SBI), has announced an initiative yesterday in which the state-owned financial institution seeks to eliminate debit cards to promote digital transactions. In light of the SBI’s ambitious project, it… Continue Reading →

Dow Recovery Stagnates as Beijing Snipes at Trump

By CCN Markets: The Dow’s three-day recovery ran smack into a wall on Tuesday, as the stock market struggled to complete the long journey back from last week’s vicious 800 point DJIA plunge. Meanwhile, Beijing capped simmering optimism about US-China… Continue Reading →

SEC Official Who Oversaw Kik Lawsuit Will Work for New York-Based Law Firm

Robert Cohen says that the SEC carefully examined how their lawsuit against Kik would affect the development of Blockchain

The Fear Of Dying While Alive

Sitting in a public sauna alone, a bunch of translucent demons appear out of nowhere, like a half-awake vision. The line of reality and a storylike moment blend together. Full in my face, they start to punch through me with… Continue Reading →

Layoffs Perversely Bump U.S. Steel Stock 10% in Pre-Market Boost

By CCN Markets: News of impending layoffs at some U.S. Steel Corporation plants has been greeted warmly by the market. In pre-market hours, the price of the stock has gone up by over 10 percent to reach a unit price… Continue Reading →

Veteran Investor Mark Mobius Predicts Major Bitcoin Purchase – Due to Fed Reserve’s Coming QE

Mark Mobius bashes cryptocurrencies, says that investors would start entering gold due to the coming QE, making a positive forecast on BTC without realizing it

RBI Defends Its Power Over Crypto in Indian Supreme Court

The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began… Continue Reading →

South Korean Crypto Projects are Listing on Foreign Exchanges for Wider Reach

Blockchain projects in South Korea are increasingly moving away from domestic token issuances in search of deeper markets for their cryptocurrencies. As per a report from Business Korea, August 19, 2019, the number of projects choosing to list overseas are increasing… Continue Reading →

Why Bitcoin Matters: Ghana Finance Crisis Ties Up $1.6 Billion for 70,000

For the longest time, Bitcoin (BTC) has been viewed as something with no inherent value. Legendary investor Warren Buffett, for instance, once called the cryptocurrency “rat poison squared”, later explaining that there isn’t much inherent value in the project. Other… Continue Reading →

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