January 28, 2019

Troubled Crypto Exchange QuadrigaCX Goes Offline for ‘Maintenance’

January 28, 2019 boss

Troubled crypto exchange QuadrigaCX, whose customers have been unable to withdraw funds for months, has been inaccessible for several hours. The Canadian company, which has faced a prolonged banking fight and said its CEO and founder died last month, blamed a system upgrade for the Monday outage. It was not immediately clear when the exchange would go back online. The company did not post any updates about the situation to its Twitter or Reddit pages, though users of both platforms complained about issues accessing the platform throughout the day. Moreover, the…

Troubled Crypto Exchange QuadrigaCX Goes Offline for ‘Maintenance’

January 28, 2019 boss

Bitcoiners Increasingly Dumping Bitcoin for Gold Investments in 2019

January 28, 2019 boss

Following the ongoing slump in the price of bitcoin and other blockchain based virtual currencies, experts in the finance sector including the CEO of Van Eck Associates, Jan Van Eck, has revealed that more and more cryptocurrency holders are now pumping funds into gold as a means of diversifying their portfolios, reported CNBC on January 26, 2019. Hodlers Losing Faith? While 2017 was a year of the bulls, with the price of bitcoin (BTC) rising all the way to $20K, 2018 saw the return of the flagship digital asset from…

BitTorrent Tokens Sold Out in Under 15 Minutes, Netting Over $7 Mln

January 28, 2019 boss

The BitTorrent token (BTT) sale on the Binance Launchpad platform concluded today Jan. 28, netting $7.1 million dollars with the sale of 50 billion tokens in under 15 minutes. Binance announced the conclusion of the sale in an official blog post. BitTorrent is a protocol for peer-to-peer file sharing, allowing users to distribute files such as music or videos over the internet. BTT is based on a Tron TRC-10 token, and will be used on the platform to “transact in computing resources shared between BitTorrent clients and any other participating service…

Owner of Hacked Crypto Exchange BitGrail Sentenced to Return Funds to Customers

January 28, 2019 boss

Francesco Firano, the owner and founder of hacked Italian cryptocurrency exchange BitGrail, has been sentenced to return as much of the assets to his customers as possible. Scans of the court decision were released by the Bit Grail Victims Group (BGVG) on Medium on Jan. 28. The Italian Bankruptcy Court published the sentence on Jan. 21. A post by the BGVG published the same day as the court sentence explains that “the court concluded that both Bitgrail and Mr. Firano, personally, be declared bankrupt, authorizing seizures of many of Mr.…

‘The Bomber’ Bankrupted, Senate Moves to Define Blockchain

January 28, 2019 boss

Italy Crypto: ‘The Bomber’ Bankrupted, Senate Moves to Define Blockchain January 28, 2019 by William Peaster News of fresh cryptoverse developments in Italy are starting to make the rounds in the West. An Italian bankruptcy court has found Francesco Firano, a.k.a. “The Bomber,” as responsible for the loss of 17 million NANO from the now defunct BitGrail crypto exchange. And the nation’s senate has angled toward definitive legal definitions of blockchain and smart contracts. Also read: Kik Expects SEC to Come Knocking Over Kin ICO Subscribe to the Bitsonline YouTube channel for great videos…

‘The Bomber’ Bankrupted, Senate Moves to Define Blockchain

January 28, 2019 boss

More Decentralization and Greater Efficiency

January 28, 2019 boss

The association between blockchains and energy is usually a negative one. “The Bitcoin blockchain is so wasteful of electricity,” or so the argument goes, “that it would push global warming to dangerous levels if it were ever used on a massive scale.” Research published in the influential journal Nature backs up this warning. Yet, if we were to look beyond Bitcoin, it becomes apparent that blockchains in general are being increasingly put to good use by the energy industry. From their use in energy trades to their incorporation in…

Nvidia Decreases Q4 Revenue Estimates Citing Crypto Mining Decline, Conditions in China

January 28, 2019 boss

Taiwan-based computer hardware producer Nvidia updated its financial estimates for Q4 for the fiscal year of 2019, according to a press release on Jan. 28. The company is reflecting weaker forecasted sales in its gaming and data center platforms, which comes from excess mid-range channel inventory following the slump in cryptocurrency markets. Q4 revenue is expected to be at $ 2.20 billion, opposed to the previous projection of $2.70 billion according to a statement released by Nvidia on Jan 28. The cryptocurrency mining frenzy drove up demand for Nvidia’s graphics…

BTC Bullish, Bears Yet to Reverse Dec 2018 Gains

January 28, 2019 boss

Bitcoin price down 4.2 percent at the time of press Jan Van Eck says Bitcoin investors liquidating to Gold Transaction volumes low, bulls have a chance Prices are down 4.2 percent in the last 24 hours but even so, Bitcoin bulls have a chance. A combination of fundamentals and supportive candlestick arrangement mean buyers can still recoup today’s losses and print new highs in days ahead. Bitcoin Price Analysis Fundamentals It has been 11 years of unimaginable price movements, and at one time, Bitcoin changed hands at a whopping $20,000…