November 22, 2018

Why are cryptocurrencies plunging again

November 22, 2018 boss

The news on Wall Street this week has been bleak: sharp declines, fears of a bear market and high-flying technology stocks that suddenly took a tumble. Traditional stock investors may be taking a beating, but they should be glad they didn’t put their money in cryptocurrencies. As of Wednesday, the price of a bitcoin had fallen about 25 per cent in a week and was down more than 75 per cent from its peak in December. Other digital tokens have fallen even more sharply in value. The latest declines are…

Crypto News | Bitcoin Mining in Norway and the State of the Crypto Market

November 22, 2018 boss

In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low. Crypto News: Bitcoin Mining in Norway A Swiss newspaper made the announcement today that its country will be acting to end electricity subsidies for Bitcoin mining. Until now, mining farms operating in Norway have been paying a low rate of 0.48 ore per kilowatt. As of January 2019, it will be raised to 16.58 ore per…

Mining Bitcoin (BTC) In Norway Gets a LOT More Expensive in 2019 and Crypto Market Still Down

November 22, 2018 boss

Gigantic Opportunities: Blockchain Capital Partner Touts Crypto Bullishness

November 22, 2018 boss

As crypto has nosedived, mainstream financial media outlets, like Bloomberg and CNBC, have interestingly escalated their coverage of this juvenile market. While CNBC has evidently sensationalized Bitcoin’s dismal performance, circulating a Fast Money segment misleadingly titled “Cryptos [Are] In a Financial Crisis,” Bloomberg’s Joe Weisenthal recently began a push to bring some rational thinking to crypto’s bearish state. The “Old Rules Apply” for Crypto Token Sales In a short, but sweet monologue, Weisenthal drew some uncanny lines between the traditional blue chips and crypto, noting that in 2017, the two industries…

Craig Wright and Roger Ver should have a concrete wall between them

November 22, 2018 boss

At first, they did not have bad blood between them. Then came the Bitcoin Cash hard fork and the heat started accumulating. Although Roger Ver is seen more modest in absorbing the heated exchange, Craig Wright is going full blast. Where did the fallout begin? Well, tracing the roots of the bitter exchange between the two is a bit difficult. However, analyzing recent remarks by Ver, the two had very strong ties but Roger, a Bitcoin Cash evangelist and the owner of a BCH mining pool, unearths that Craig had…

Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline

November 22, 2018 boss

Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool. Cryptocurrency markets experienced widespread decline throughout last week, with Bitcoin (BTC) declining to as low as $4,300 per coin. The decline has resulted in a similar drop in mining profitability and forced Chinese operators to sell their mining devices at a loss, according to 8BTC. The news outlet has reported that…

Saga Comes to an End: Bitcoin Mining Firm Giga Watt Declares Bankruptcy with Millions in Debt

November 22, 2018 boss

Photo: Giga Watt Mining / Twitter During the recent bitcoin market downturn, who suffered most were miners. With the current market prices, even the most efficient Bitcoin mining hardware is unprofitable. This lead to a number of cryptocurrency firms going bust. Another company hanging out the white flag is Giga Watt, one of North America’s largest cryptocurrency miners and one of the earliest players in bitcoin boom. The mining firm, has recently declared bankruptcy after filing for a Chapter 11 bankruptcy at the Easter District of Washington. According to the…

Why Major Crypto Exchanges are Granting Bitcoin Cash With BCH Ticker

November 22, 2018 boss

Twitter Facebook LinkedIn The hash power war between Bitcoin Cash (BCH) and Bitcoin Cash SV (BCHSV) ended with a one-sided victory for BCH. Prior to the hard fork on November 15, major cryptocurrency exchanges publicly expressed support towards the roadmap set forth by bitcoincash.org or ABC, the original Bitcoin Cash blockchain network. Fast forward eight days, a growing number of leading cryptocurrency trading platforms have begun to officially adopt ABC as the original Bitcoin Cash network with the ticker BCH. What Triggered Coinbase and Kraken to Support BCH? Earlier this…

What Is Going On With the Crypto Markets, Analysts Unpack Factors Behind 10-Days Slump

November 22, 2018 boss

Over the last 10 days the cryptocurrency markets have endured a massive sell-off across the board. There are a number of reasons that have led to the highly bearish sentiments on the market but seeing red has been difficult for many. As the value of Bitcoin and numerous altcoins have continued to decline to depressing levels, and a certain amount of panic has ensued. Cointelegraph has reached out to various industry professionals to explore the reasons behind this most recent slump in the market and what to possibly expect in…

Despite Wright Flight and Flash Crash, Bullish Tom Lee Won’t Bakkt-Down

November 22, 2018 boss

Despite Wright Flight and Flash Crash, Bullish Tom Lee Won’t Bakkt-Down November 22, 2018 by Paul de Havilland Fundstrat’s Tom Lee remains bullish on bitcoin, despite the recent plunge in crypto markets. His end-of-year estimate for bitcoin is $15,000 USD, more than three times its current price, per CoinBillboard. Also read: Bakkt Delays Launch As Crypto Markets Crash to New 2018 Lows Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Perennial Bull Won’t Bakkt-Down Having recently shifted his year-end goalposts for bitcoin, in the wake of the…