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Genesis Terminating Bitcoin Mining Contracts

Genesis Terminating Bitcoin Mining Contracts

Genesis Mining, which is one of the biggest crypto cloud mining services with 2 million customers, says that Bitcoin mining has become unprofitable. It says that its Bitcoin mining contracts aren’t even making enough money to cover maintenance fees. As such, it is terminating all open-ended contracts, meaning contracts that don’t have a term, within the next 60 days. The …


Bitcoin Taproot for Anonymous Smart Contracts

Bitcoin Taproot for Anonymous Smart Contracts

Bitcoin developer Greg Maxwell has finished coding Taproot, a scheme that will make smart contracts hidden on the blockchain. However, Schnorr signatures need to be added to Bitcoin for Taproot to work, as well as Merkalized Abstract Syntax Trees (MAST). Taproot is named after the way Bitcoin smart contracts represent the root of a plant, with a thick central path …


Reality Shares Launch $100 Million Crypto Hedge Fund

Reality Shares Launch $100 Million Crypto Hedge Fund

Reality Shares is launching a USD 100 million crypto hedge fund, joining a long list of new crypto hedge funds, a sure sign that institutional investment into the crypto space is increasing. Reality Shares has already set aside USD 25 million to start the fund up and shouldn’t have a problem expanding to the projected USD 100 million. The firm …


BitMEX CEO Dismisses Ethereum as “Double Digit Shitcoin”

BitMEX CEO Dismisses Ethereum as "Double Digit Shitcoin"

The CEO of BitMEX, Arthur Hayes, has said that “Ethereum is a double-digit shitcoin“. He predicts that it will fall below USD 100 when everyone decides to sell all at once. Ethereum is already on an extreme downtrend, having dropped from USD 1,400 to less than USD 260, before bouncing back up slightly to USD 290 as of this writing …


SEC Slaps ICO Scammer with $30,000 Fine

SEC Slaps ICO Scammer with $30,000 Fine

David T Laurance has been issued a USD 30,000 penalty from the US Securities and Exchange Commission (SEC) due to his connection with a fraudulent initial coin offering (ICO). He has also been barred from holding officer and director positions, or from trading in and owning penny stocks. Laurance was the president and CEO of oil drilling company Tomahawk Exploration LLC, …


Bitcoin Exchange Traded Note Trading Live in US

Bitcoin Exchange Traded Note Trading Live in US

The Exchange Traded Note (ETN), Bitcoin Tracker One, is now available for trading in the United States under the symbol CXBTF. Bitcoin Tracker One is a regulated security that institutional investors can use to invest in Bitcoin. This is a major win for Bitcoin, since now investors can buy Bitcoin through stock trading platforms. KnCMiner is behind Bitcoin Tracker One, …


Cboe President Still Hopeful for First ETF Approval

Cboe President Still Hopeful for First ETF Approval

The race to receive the coveted spot as the first Securities and Exchange Commission (SEC) approved Bitcoin exchange-traded fund (ETF) continues and Cboe Global Markets Inc believes it still has a chance to make it. Speaking to Bloomberg, Cboe’s exchange operator’s president and chief operating officer Chris Concannon said that it was a matter of working through the issues that concern the SEC before …


Fast Money’s Brian Kelly Bullish as Ever On Bitcoin’s “Wild Ride”

Fast Money's Brian Kelly Bullish as Ever On Bitcoin's "Wild Ride"

Brian Kelly is back with his latest views on Bitcoin’s current fortunes and he is upbeat and bullish on where the market is heading. His last words on the subject over a week back were made in the wake of investors holding their breath for the SEC’s ETF announcements which saw another dip for Bitcoin and other cryptocurrencies. He suggested then …


Coinbase Acquires San Francisco Company for Decentralized Login Tech

Coinbase Acquires San Francisco Company for Decentralized Login Tech

San Francisco cryptocurrency exchange giant Coinbase has acquired a local startup which offers decentralized identity solutions to help consolidate its login and verification processes. The firm, Distributed Systems Inc, according to Coinbase project manager B Byrne, was selected by the exchange to utilize blockchain for verification purposes and, thereby, offer more safety to clients. He commented: “Blockchain technology that powers …


Kurt Russell Thriller “Crypto” to be Released 2019

Kurt Russell Thriller "Crypto" to be Released 2019

Talks are underway with producers with plans to release a movie next year called “Crypto” starring actor Kurt Russell. The film, already in post production, is reportedly a crime-based thriller following in the footsteps of films such as Wall Street, Wolf of Wall Street and The Big Short which focussed on the economic crisis of 2008. Such films about the financial …


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Markets

Crypto Currency Price 24H % Change
BTC
Bitcoin(BTC)
$6,553.19
1.38%
ETH
Ethereum(ETH)
$313.78
4.79%
XRP
XRP(XRP)
$0.354742
18.16%
EOS
EOS(EOS)
$5.46
14.22%
LTC
Litecoin(LTC)
$60.38
6.39%
XMR
Monero(XMR)
$101.91
7.91%
MIOTA
IOTA(MIOTA)
$0.55
12.95%
DASH
Dash(DASH)
$167.69
6.75%
NEO
NEO(NEO)
$19.81
13.99%
XEM
NEM(XEM)
$0.113850
7.32%
LSK
Lisk(LSK)
$4.18
0.36%

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