Through late 2017 and early 2018, ripple was the darling of cryptocurrency. Mainstream media couldn’t get enough of it, South Koreans couldn’t get enough of it, and nor could crypto newcomers, who had XRP top of their shopping list. Crypto moves at a blistering pace, though, and ripple’s decline has been as rapid as its […]
The post The Rise and Fall of Ripple is a Case Study in Mass Hysteria appeared first on Bitcoin News.
Ponzi lending smart bot scam Bitconnect finally did what most sane observers predicted long, long ago. It went splat. And it didn’t collapse due to government pressure, nor flurries of bad press, and certainly not from DDoS hacking attacks. The story is more of a ballad, a great object lesson, and it is the lie […]
The post Autopsy of the Bitconnect Implosion: Ponzi, Centralization, Governance appeared first on Bitcoin News.
Virginia Beach, Virginia isn’t exactly known as a hotbed of bitcoin mining activity, but that appears to be changing, and soon. A local company has sunk 65 million USD into a giant facility, as the resort town attempts to become a hub for data centers. Also read: Have Lunch with Bitcoin Jesus in Paradise 65 Million […]
The post New US $65 Million Bitcoin Mining Facility is Among Largest Data Centers in North America appeared first on Bitcoin News.
Amid regulatory uncertainty, South Korean cryptocurrency exchange Upbit has grown rapidly, offering 121 cryptocurrencies and over 200 trading pairs. Backed by Kakao Corp, the platform is now the largest crypto exchange by volume globally. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Upbit Tops the Chart South Korean […]
The post Despite Regulations, One South Korean Crypto Exchange Rises to the Global Top appeared first on Bitcoin News.
Earlier this week the San Francisco-based cryptocurrency exchange Kraken scheduled some downtime to upgrade the trading platform’s system. The upgrade for one of the world’s largest digital asset exchanges was supposed to last for only two hours, but the website remained down for well over 24 hours. Kraken is now back online and plans to […]
The post Kraken Exchange Returns After Longest Downtime Since 2013 appeared first on Bitcoin News.
Venezuela’s president Nicolas Maduro has called for 10 other countries to adopt his planned oil-backed cryptocurrency, the petro. This move follows the country’s parliament declaring the issuance of this new currency illegal. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Maduro’s Proposal Maduro held a meeting of the […]
The post Venezuela Urges 10 Other Countries to Adopt Its Oil-Backed Cryptocurrency appeared first on Bitcoin News.
Over the past few weeks, there’s a lot going on within the bitcoin cash (BCH) ecosystem. Just recently businesses and service providers have been working towards changing their infrastructure to the new BCH address format. Additionally, the bitcoin cash environment got more support from organizations like the Bitclub Network and the merchant Kimchi Socks. Also […]
The post Six Months Later Bitcoin Cash Support Continues to Grow appeared first on Bitcoin News.
First, Jamie Dimon of JP Morgan Chase says he regrets calling bitcoin a fraud. Now, legacy bank Goldman Sachs is formally recognizing how cryptocurrencies such as bitcoin could act as global money. 2018 might be shaping up to be the year bitcoin gets more mainstream than ever. Also read: Huge Bitcoin Conference Stops Accepting Bitcoin […]
The post Goldman Sachs Recognizes Bitcoin’s Future Potential appeared first on Bitcoin News.
The other day we reported on the tech giant Microsoft removing the “redeem bitcoin” option from its payments page. One of our reporters spoke with a Microsoft agent who detailed that bitcoin was no longer supported. Later in the evening on January 9, two news outlets detailed they had chatted with a Microsoft spokeswoman who […]
The post Microsoft Press Office: “We’ve Restored Bitcoin as a Payment Option” appeared first on Bitcoin News.
Jamie Dimon, chair of JP Morgan Chase, was once again asked about his thoughts on bitcoin. In a wide-ranging interview on FOX Business, Mr. Dimon was given a few of his notable quotes back to him, and asked to assess his present feelings. It appears he’s softened a little on the the world’s most popular […]
The post JP Morgan’s Jamie Dimon Regrets his ”Bitcoin is a Fraud” Statement appeared first on Bitcoin News.
Bitcoin€74,927.481.16%
Bitcoin Cash€256.07
Dogecoin€0.0776711.91%