CBOE Will No Longer List Bitcoin Futures

Photo: Thomas_Yung / Flickr As it has become known the Chicago Board Options Exchange made an unexpected statement: CBOE Futures Exchange (CFE) is not going to add any new Bitcoin futures of any kind this March. Review of Approaches This move is explained by the necessity to review the approaches to digital assets trading in order to make sure that the exchange has chosen the right strategy. In its statement, the exchange explained this decision the following way: “CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March…

JPMorgan Claims Bitcoin is No Longer Profitable to Mine

Photo: Marco Verch / Flickr Some time ago, it could seem that almost everyone went crazy about crypto mining. People were actively building their private farms investing quite impressive sums in powerful equipment but it could really bear fruit. But is there any sense to enter the sphere of Bitcoin mining now? According to analysts from JPMorgan Chase & Co., the American multinational investment bank and financial services company, it is not feasible at all. After having conducted a throughout research, the experts found out that the production-weighted cost to create…

Mining Bitcoin No Longer Profitable, JPMorgan Says

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…

Why Popular 2018 End of Year Bitcoin (BTC) Price Predictions Are No Longer Valid

With the Holiday season in high gear, we have less than 3 weeks till we usher in the new year of 2019. Many individuals across the globe are probably decorating their Christmas trees and planning on how they will meet up with loved ones in the next few days as well as for New Year’s celebrations. Many crypto traders and enthusiasts, had hoped that by the end of 2018, Bitcoin (BTC) and other popular cryptocurrencies, would have increased in value and made their Holiday celebrations much better. Along the year,…

Elevate Health Says People Can Live Longer With Blockchain Rewards

Elevate Health Says People Can Live Longer With Blockchain Rewards December 9, 2018 by Jon Southurst Should health insurance agencies offer incentives for “good behavior?” How would they monitor this? Bitsonline spoke to Simon Lewis of Elevate Health about “lifestyle illnesses,” how they’re a huge drain on national healthcare systems and the insurance industry — and how his company could help people save money (and their lives) by avoiding them. Also see: Despite Evidence to the Contrary, Joseph Lubin Claims Ethereum Adoption Growing Subscribe to the Bitsonline YouTube channel for great videos featuring…

‘Bitcoin’s No Longer Boring,’ Price Heading Towards $1.5K, Say Bloomberg Analysts

Analysts at Bloomberg Intelligence predict that Bitcoin (BTC) “has further to fall,” Bloomberg reported Nov. 16. “Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price. Bloomberg cites hedge fund founder Travis Kling saying that he “didn’t sleep well” because of the potential turmoil in wider crypto markets due to the recent Bitcoin Cash hard fork: “There’s a small chance that, it’s difficult to estimate, that something really bad could…

Bear Market and Declining Hashrates Mean Mining ETH No Longer Profitable, Analysis Finds

Mining Ethereum (ETH) using a graphics processing unit (GPU) is no longer profitable, according to an analysis from U.S.-based global trading and technology firm Susquehanna. CNBC reported Nov. 13 on Susquehanna’s findings, which point to the protracted slump in crypto markets and declining network hashrates as reasons for the profit decrease. In Susquehanna’s analysis, profit per month for ETH miners using GPU-based setups hit a round $0 as of Nov. 1 this year, down from almost $150 in July 2017. Susquehanna notes the decline in Ethereum’s price as a major…

Blockchain Will ‘Take a Little Longer’ to Develop Than the Web

Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar way to the web, citing its exponential growth with “hundreds of projects that are already practical for humans” to date. Based on blockchain’s use case for decentralized cryptocurrencies, the digital entrepreneur also suggested that distributed…

Regulators No Longer Take the ‘Blockchain Good, Crypto Bad’ Approach

Ripple’s Sagar Sarbhai has said he believes that blockchain technology and crypto assets are now being tackled more holistically by policymakers, in an interview on CNBC Markets today, September 17. Sarbhai, who is head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said he thinks that regulators are no longer taking a compartmentalized approach that takes distributed ledger technologies (DLT) such as blockchain in isolation from crypto assets themselves. As the interview’s subtext implies, regulators have historically approached decentralized cryptocurrencies with circumspection – or otherwise outright hostility…

Regulators No Longer Take the ‘Blockchain Good, Crypto Bad’ Approach

Ripple’s Sagar Sarbhai has said he believes that blockchain technology and crypto assets are now being tackled more holistically by policymakers, in an interview on CNBC Markets today, September 17. Sarbhai, who is head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said he thinks that regulators are no longer taking a compartmentalized approach that takes distributed ledger technologies (DLT) such as blockchain in isolation from crypto assets themselves. As the interview’s subtext implies, regulators have historically approached decentralized cryptocurrencies with circumspection – or otherwise outright hostility…