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Founder David Sønstebø out of Iota Foundation after ‘unanimous' board decision
11.12.2020
The Iota board said it had “parted ways” with Sønstebø due to the fact its interests have “diverged significantly” with those of the co-founder
Bitstamp apologizes after posting report calling XRP ‘toxic waste’
10.12.2020
Bitstamp now regrets posting Messari's 134-page report yesterday that included coarse language and colorful descriptions of certain tokens
Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility
10.12.2020
On December 9, the Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, announced the firm is purchasing 10,000 Antminer S-19j Pro units from the Chinese mining manufacturer Bitmain. According to Marathon, after the acquisition of next-generation bitcoin miners, the company will have...
Ethereum price targets $590 after bulls vigorously buy the ETH dip
9.12.2020
Bulls swooped in to buy Ethereum as it dropped to a critical support level and now they’ve set their sights on $590
Citigroup Downgrades Microstrategy to ‘Sell’ Rating Over ‘Aggressive’ Bitcoin Purchases
9.12.2020
Citigroup has downgraded the Nasdaq-listed, pro-bitcoin Microstrategy to a “sell” rating after the company announced that it would offer $400 million convertible senior notes to buy more bitcoin. Microstrategy currently holds about 40,824 bitcoins. Citi Analyst Uncomfortable With...
OKEx Bitcoin Mining Pool Shows Signs of Life After Precipitous Hashrate Drop
9.12.2020
The troubled bitcoin mining pool is up 181 PH/s from its 18 PH/s lows in November
Crypto Mining Crisis in Abkhazia Worsens After Power Substation Caught Fire
9.12.2020
The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state. Crypto Mining Crisis Abkhazia Keeps Worsening Sputnik Abkhazia has reported...
Bitcoin and Altcoins Start Recovering After Sharp Selloff
9.12.2020
After a clear break below the USD 18,500 support, bitcoin price extended its decline below the USD 18,000 level. BTC even spiked below the USD 17,800 level and tested the USD 17,650 support zone. Recently, there was a sharp recovery, and the price is currently (13:00 UTC) back above...
Hackers Demand Over 1,800 BTC From Electronics Giant Foxconn After Ransomware Attack
9.12.2020
A multinational electronic giant and a well-known manufacturer of Apple products is the latest victim of a millionaire ransomware attack deployed over the Thanksgiving weekend on one of its branches. Apple’s Manufacturer Is the Latest Victim of Well-Known Ransomware Gang Foxconn,...
$17K CME gap-fill looms after Bitcoin price closes below key moving average
9.12.2020
Bitcoin price ended its consolidation phase by closing below $18,300 but will traders buy the dip?
Record $15 Billion Worth of Cryptos Under Management After Institutional Investors Pump $429 Million in One Week
8.12.2020
A new report says institutional investors pumped $429 million into cryptos and cryptocurrency funds in the week ending December 7. The figure, which is the second-highest on record, pushes to the total value of digital assets under management (AUM) to an all-time peak of $15 billion. The largest...
Three Years In: A Bitcoin Cash Update From One of Its Founders
8.12.2020
It’s been over 3 years since August 1, 2017, the day Bitcoin Cash was born. I know because I was there and part of the loosely knit ‘team’ that launched the Bitcoin Cash project. Now, after some time has passed and events have unfolded, I am excited to give you an update on where...
Citi downgrades MicroStrategy stock after bold Bitcoin bet
8.12.2020
MicroStrategy was downgraded to "sell" from "neutral" on Tuesday
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8.12.2020
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Bitcoin and Altcoins Turn Red After Multiple Failures
8.12.2020
After multiple failed attempts near USD 19,500, bitcoin price dropped and broke the USD 19,000 support level. The price is currently (05:00 UTC) down over 2% and it could continue to move lower towards the USD 18,500 level or even USD 18,200.
Similarly, there was a bearish reaction in most major...
France Sentences BTC-e Crypto Exchange’s Operator to 5 Years in Prison for Money Laundering
8.12.2020
Russian crypto exchange BTC-e’s operator Alexander Vinnik has now been sentenced to five years in prison by a French court and fined 100,000 euros. He was arrested over three years ago in Greece, extradited to France, and is wanted in the U.S. and Russia. Vinnik Sentenced After 3+ Years...
Monster Hunter Movie Producers Apologize After Backlash In China
8.12.2020
As Kotaku recently reported, a racist line of dialogue led to thousands of negative online reviews in China and calls to ban the film. The movie’s producers have now apologized.Read more
Nintendo Cancels Splatoon Stream After Teams Show Solidarity With Smash Community
7.12.2020
Over the weekend, Nintendo quietly canceled a Splatoon 2 tournament livestream, and participants believe it’s due to the names of some of the participating teams. While Nintendo hasn’t publicly stated their reasoning, the result was a last-minute makeshift replacement tournament for the multiplayer...
US Representatives Add Digital Currencies to the 2021 Defense Bill
6.12.2020
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto...
Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened
6.12.2020
Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like...