Day: April 3, 2019

Bitcoin is Surging but Crypto Exchange Cryptopia’s Users Remain Seething

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Bitcoin is Surging but Crypto Exchange Cryptopia’s Users Remain Seething

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Despite having promised to compensate customers who lost crypto assets following a security breach in January, New Zealand crypto exchange Cryptopia is yet to provide concrete details on the process.…

BTC Tests $5,000 Amid 2019’s First Major Crypto Market Recovery

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Wednesday, April 3 — Bitcoin (BTC) has tested the $5,000 mark for the first time since November 2018, as crypto markets are on the rise for the third day in a row. While some major cryptocurrencies are seeing a mild surge in price, others boast double-digit gains. Market visualization from Coin360 BTC, which skyrocketed yesterday and gained over 14 percent in price over 24 hours, spent a few hours above the $5,000 mark earlier today. The world’s top coin peaked at $5,043 at some point, according to CoinMarketCap stats, before…

Biotech Company-Turned-Mining Firm Riot Blockchain Reports 2018 Net Loss of $58 Million

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Biotechnology company turned mining firm Riot Blockchain reported a 2018 net loss of about $58 million in its financial report released on April 2. Per the report, the company’s net loss was primarily attributable to the noncash aggregate impairments, depreciation, amortization and stock-based compensation expenses amounting to about $45.2 million. The company also reportedly generated about $7.7 million in revenue through the mining of 1,081 Bitcoins (BTC), including converted Bitcoin Cash (BCH), and 3,023 Litecoins (LTC) during the year. The company claims that it has no long-term debt and that…

Failed Crypto Exchange QuadrigaCX Should Declare Bankruptcy: EY

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Liquid.com Hits $1B Valuation Closing Its Latest Funding Round

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Photo: Liquid / Medium As it has been announced, Liquid.com, a global cryptocurrency platform, has managed to become the latest crypto unicorn. The first close of the platform’s ongoing Series C funding is marked by the valuation of over $1 billion. Such an achievement has made the company owned by Japanese cryptocurrency exchange Quoine the second startup in Japan that has managed to deserve the status of a unicorn. It means that the company needed less than five years to do it, as it was founded in 2014. Though it…

Jamaica Stock Exchange to Pilot Bitcoin and Ether Trading

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The Jamaica Stock Exchange (JSE) is soon to trial bitcoin and ether trades with help from Canadian fintech firm Blockstation. The two firms jointly announced Wednesday that they have entered into an agreement to enable live trading of digital assets including security tokens in a “regulated and secured” environment. The trial of bitcoin and ether trades is the second stage of the pilot effort. For the first phase, the JSE and Blockstation trialed live cryptocurrency trading in January for a 60-day run that saw participation from regulated broker-dealers, market makers and the…

US Crypto Giant Coinbase Details $255 Million Customer Insurance Program

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Crypto CEO: Current Bitcoin Industry Resembles 2016, Prior To BTC’s $20,000 Rally

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Thousands in the broader crypto industry turned bullish on Tuesday morning as Bitcoin (BTC) rapidly surmounted $5,000, in what some have called a “black swan event” — an occurrence that is unpredictable but has dramatic ramifications on its surroundings. While technicals were the primary driver behind this move, all eyes remain on fundamentals, as this facet of the ecosystem is what will bring BTC to new heights, not an incessant onslaught of lines on charts. Interestingly, according to a number of well-versed industry executives, the fundamental side of cryptocurrency is…

Crypto CEO: Current Bitcoin Industry Resembles 2016, Prior To BTC’s $20,000 Rally

boss

Thousands in the broader crypto industry turned bullish on Tuesday morning as Bitcoin (BTC) rapidly surmounted $5,000, in what some have called a “black swan event” — an occurrence that is unpredictable but has dramatic ramifications on its surroundings. While technicals were the primary driver behind this move, all eyes remain on fundamentals, as this facet of the ecosystem is what will bring BTC to new heights, not an incessant onslaught of lines on charts. Interestingly, according to a number of well-versed industry executives, the fundamental side of cryptocurrency is…