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Video Shows $10M Chinese Bitcoin Mining Farm in Flames


During the early morning hours of September 30, a nine-minute video circulated on Twitter showing a large bitcoin mining farm burning down. Sources say the mining farm belonged to the company Innosilicon and roughly $10 million worth of mining rigs were destroyed. Also Read: Central Banks in Panic...

Bitcoin Price Manifests a Path Towards Moderate Recovery


Bitcoin price plunged and it traded to a new 90-day low at $7,661 in the past 24 hours. The price is trading in a downtrend with high volatility and it is likely to test the $7,500 or $7,200 support level if it falls even further. There is a bearish trend line observed with resistance near...

Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund


The Los Angeles-based Wave Financial has announced the launch of a bitcoin derivatives-based yield fund and Fidelity will provide custody for the fund’s BTC reserves. Wave Financial’s crypto fund commencement is part of a growing trend toward launching BTC derivatives products....

Coindirect Launches OTC Brokerage Headquartered in South Africa


Cryptocurrency clearinghouse Coindirect has launched an over-the-counter (OTC) brokerage in South Africa to allow cryptocurrency traders to make large volume transactions (of liquidity pool), by operating with international platforms, which would enable instant Bitcoin (BTC)-payment confirmation...

Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide


Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...

IOVLabs Purchases Spanish Facebook’s Rival Taringa


Taringa is one of the leading social media platforms placed in the third position in Latin America and second in Argentina network. It was introduced in 2004. Currently, there are 17.5 million registered users and 70 million monthly visitors. It is present in every Spanish speaking country such...

Bitcoin Continues the Fall; Trades Below $8000


Bitcoin falls below 8000 USD in the last 24 hours The next support may come at 7704 USD The last week’s disastrous price movement is continuing in most of the major coins. Bitcoin has been down below 8000 USD. In the last 24 hours, with a single sign of growth, it has traveled from 8200...

International Crypto Exchange Luno Adds Bitcoin Cash Trading


Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH, but more options could be on the way once Luno determines that they are credible enough....

How North Korea Uses Cryptocurrencies to Get Around U.S. Sanctions


North Korea has always been under suspicion for either being involved with some notorious projects or for directly or indirectly funding weapons of mass destruction using digital currencies. Recently, the country was accused of stealing cryptos worth $2 billion to support the development of deadly...

Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins


A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. The problem has reportedly been remedied, but the security oversight casts doubts...

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