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Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas

8.1.2020
The city of Rockdale, Texas is attracting attention again, similar to the interest the region saw back in the fifties when the Alcoa aluminum smelting facility set up shop. These days, Rockdale’s change is due to the influx of bitcoin miners coming to town from all around the world....

COSS Exchange Locks Customer Funds During 3-4 Week ‘Maintenance’

8.1.2020
The Singapore-based COSS cryptocurrency exchange has announced that it will deny its 200,000 customers from accessing to around USD 2 million worth of funds for the following three to four weeks while its site undergoes maintenance. On Tuesday, COSS told users there was no call for “panic,”...

How Many Cryptos Died in 2019?

8.1.2020
Data from various sites show that between 500 and a thousand coins have perished in 2019, and this number could in fact be higher. However, these sites disagree on whether 2019 saw fewer or more coin deaths than the year before. It's not really possible to say how many dead coins are out there...

Litecoin Rallies, Binance Announces LTC/USDT Perpetual Contract

8.1.2020
Source: iStock/Ja'Crispy While there is no clear reason why did litecoin (LTC) rally in the past 24 hours, it is now the best performing coin among the top 10 coins by market capitalization. After lagging behind bitcoin (BTC), LTC has now increased by almost 6% in a day (BTC is up 5%). The coin...

ICO Project That Ditched Blockchain Finalizes its Token Buy Back

8.1.2020
Source: iStock/Viktor_Gladkov The small blockchain project known for its unusual announcement that it would buy back all of its native tokens and then shut down, is now in the final stages of the process, according to the founder. Colu DLT, the Gibraltar-based company of the Colu Group,...

Binance Donates $1 Million in Crypto for Australian Bushfire Relief

8.1.2020
The cryptocurrency community is again showing its commitment to support charitable goals around the world. Binance, the most active international digital asset exchange, has donated $1 million to help with Australian fire relief efforts and invites the community to join the initiative. The recent...

Bitcoin Still Uncorrelated with Gold & Stocks; A New Trend Emerging?

8.1.2020
Bitcoin (BTC), the best performing asset of the last decade, ended 2019 on a far better note than both gold and the U.S. S&P 500 stock index, while still remaining uncorrelated to traditional assets, a new report from crypto exchange operator SFOX noted. However, there might be a new trend forming...

Bitcoin and Altcoins Remain in Positive Area Despite Correction

8.1.2020
Bitcoin price remained in a strong uptrend and it was able to climb above the USD 8,000 and USD 8,200 resistance levels. As a result, there was a solid rise towards USD 8,500 resistance before the price started a downside correction. On the downside, there are many supports near USD 8,200 and...

Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream

8.1.2020
A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s...

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