Day: January 26, 2019

Samsung to Introduce a Crypto Wallet in S10–Rumour or Reality?

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Samsung to Introduce a Crypto Wallet in S10–Rumour or Reality? January 26, 2019 by Akshay Makadiya Smartphone heavyweight Samsung Electronics is quietly building blockchain and cryptocurrency features into its much-awaited upcoming flagship smartphone, specifically hoping to lure crypto aficionados. Are blockchain and cryptocurrency Samsung’s means to regain lost ground in the smartphone market? Also read: Lightning Network Goes to Congress as Specter of Crypto Policy Grows Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts A Glimpse at a Leaked Samsung Crypto Wallet Leak visualizer Ben Geskin was…

TRX—LTC Flap Likely, Weiss Ratings Endorsement

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Tron price is up 16 percent from last week’s close Weiss Ratings endorse Tron, says platform popular Transaction volumes thin despite increasing volatility Of all the coins in the top 10, TRX is the most attractive. It is leading the recovery and up 6.7 percent in the last day. Part of this is because of supporting fundamentals—BTT crowdfunding and dApp dominance and not forgetting Weiss Ratings endorsement. Tron Price Analysis Fundamentals It is streams of good news. Not only is Tron increasingly becoming popular, but their dApps dominate. According to…

Mining Bitcoin No Longer Profitable, JPMorgan Says

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The drop in the price of Bitcoin has rendered a large percentage of mining operations unprofitable, with only low-cost mines in China operating without losses, Bloomberg reported on January 25, 2019. Diminishing Returns The plummeting price of almost all cryptocurrencies has affected every sphere of the crypto industry, with everyone from employees in blockchain-based companies to major institutional traders being affected by the price crash. However, the less talked about effect of the so-called “crypto winter” is the hardships miners endure. The drop in the price of Bitcoin has caused…

Tom Lee: Bitcoin (BTC) At $25,000 Is “Fair,” But It Needs Time

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Tom Lee & Bitcoin Predictions As Bitcoin (BTC) made monumental moves in the fourth quarter of 2017, crypto pundits took to mainstream news outlets and social media mediums en-masse to make zany price predictions. While some zealots, influenced by the religious fervor of this movement, called for sextuple digits (or even septuple digits), one calm voice made a scaled-back price prediction of a then-mere $25,000. Per previous reports from Ethereum World News, the soothsayer in question was Tom Lee, an executive at Fundstrat Global Advisors with a seeming enamorment with digital assets.…

Bitcoin History Part 9: Mt. Gox Is Born

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Featured “Hi everyone, I just put up a new bitcoin exchange. Please let me know what you think.” With those innocuous words, one of the most notorious sagas in Bitcoin’s early history began. The name of the exchange was Mt. Gox and it was to play a pivotal role in Bitcoin’s rise – for a while, at least. Also read: Bitcoin History Part 8: When 1,500 BTC Cost Less Than $1 Magic and Mayhem Jed McCaleb Mt. Gox wasn’t the first bitcoin exchange to launch, yet it actually predates Bitcoin.…

EOS Still First, Ethereum Second, Bitcoin 15th

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China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 15th, while EOS keeps its top spot. The rankings were released in a press release on Jan. 24. The crypto rankings by China’s Center for Information and Industry Development (CCID) were first announced in May last year. In this ninth edition of the index, EOS keeps its place as the top-ranked blockchain, which has been occupied by the platform since June 2018. The ninth CCID Global Public Chain Technology Evaluation Index, the first index released by…

Bitcoin Believer Novogratz May Salvage Struggling Crypto Startups With $250M

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There may be a drought in the broader retail Bitcoin market, but in the crypto financier space, spirits seem to be as high as ever. Well, that’s what Mike Novogratz, the founder of merchant bank Galaxy Digital, thinks anyway. Just recently, the former Wall Street investor, who held stints at Fortress Financial and Goldman Sachs, purportedly began a search for funding in the nine-digit realm. Related Reading: Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market Fervent Bitcoin Bull Novogratz Pushes The Envelope Over recent years, Novogratz, often deemed crypto’s most…

NYSE Arca and Bitwise Apply for Bitcoin ETF Approval

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Despite the constant delays and obstacles imposed by regulatory bodies, especially by the United States Securities and Exchange Commission, the crypto market refuses to succumb, and new players are always interested in trying their luck by applying for a Bitcoin ETF Approval. The last application for a Bitcoin ETF comes from Bitwise Asset Management and NYSE Arca. The features of the application were recently disclosed affiliate sparking good expectations. When Bitwise and NYSE announced their intentions to launch a Bitcoin ETF, the news had little impact, the bad aftertaste left…

Stranger Things: The Upside of Down Bitcoin Prices

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Edward Woodford is the co-founder and CEO of Seed CX, which, offers a licensed exchange for institutional trading and settlement of spot digital asset products and plans to offer a market for CFTC-regulated digital asset derivatives. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. While 2018’s falling bitcoin prices led many observers to write off digital assets altogether, the correction should actually help force the market as a whole to mature. That maturation is exactly what the space needs to attract more institutional investors, whose arrival en…

SBI Crypto Subsidiary Supports Crypto Mobile Wallet in $15 Million Funding Round

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Cryptocurrency mobile wallet BRD has raised $15 million in a Series B financing round supported by SBI Crypto Investment, according to a press release shared with Cointelegraph on Jan. 25. SBI Crypto Investment, a subsidiary of the Tokyo-based SBI Holdings, contributed to the funding, which BRD states will help to accelerate international expansion and scale its technology platform. In the press release, BRD also announced the availability of cryptocurrency purchases through the use of SEPA transfers in the European market through a partnership with crypto payment provider Coinify. In September…