The company said that tens of billions of yen in lost profits led it to the decision, which will also see it move its mining center. Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector, Cointelegraph Japan reported Dec. 25 referencing a public document. Citing “extraordinary loss” in Q4 this year, […]
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Despite the “crypto winter,” the Bitcoin Lightning Network’s capacity has climbed up to 500 BTC, which is worth around $2 million. The capacity of the Bitcoin (BTC) Lightning Network (LN) has surpassed $2 million on Sunday, Dec. 23, according to data provided by BTC statistics website bitcoinvisuals.com. Despite the year-long bear market, combined with the […]
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After dipping to year-to-date lows earlier in December, some cryptocurrencies are showing first signs of recovery. Cryptocurrencies as an asset class are maturing and carving out their own niche. While the equity markets had their worst week in the past 10 years, the crypto markets have bounced sharply from their lows, showing first signs of […]
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Taiwan-based GPU producer Nvidia is the S&P 500’s worst performer in Q4 2018, as crypto mining sales have all but disappeared. The drastic decrease in crypto mining profitability has hit graphics processing unit (GPU) producers like Taiwan-based Nvidia hard. In Q4 2018, the firm experienced a massive sell-off of its shares, cutting the stock price […]
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Many crypto projects are still receiving funding even as the crypto market ends the year lower than some experts predicted. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when […]
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An article from The Wall Street Journal has suggested investors should sell and then repurchase their Bitcoin (BTC) as a strategy to save on taxes. An article published Dec. 21 by The Wall Street Journal (WSJ) has suggested investors should sell and then repurchase their Bitcoin (BTC) as a strategy to save on taxes. In […]
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Binance crypto exchange CEO Changpeng Zhao said that 2018 is a “correction year” for cryptocurrencies. Changpeng Zhao called 2018 a “correction year” for crypto currencies while expressing optimism for the future of the crypto industry during a Bloomberg interview published on Dec. 19. Zhao spoke in reference to the bear market plaguing traders this year, […]
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Radeon RX580, a GPU widely used both by miners and gamers, is now being sold for $180, a price drop of over 67 percent since February. AMD’s popular Radeon RX580 graphics processing unit (GPU), which has been widely used by crypto miners, is now being sold for $179.99, gaming magazine PC Gamer reported on Thursday, […]
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Crypto has the potential to become a new asset class in the next ten years, BitMEX CEO Arthur Hayes has said. Bitcoin (BTC) has the potential to become a new asset class in the next ten years, CEO of major crypto derivatives platform BitMEX claimed on the podcast Unchained Dec. 16. Arthur Hayes, CEO and […]
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Global investment bank JPMorgan believes that the protracted decline in crypto markets is driving away institutional investors. Analysts from global investment bank JPMorgan Chase believe that the protracted crypto bear market is driving away institutional investors, Bloomberg reports on Tuesday, Dec. 18. Analysts from JPMorgan, along with global market strategist Nikolaos Panigirtzoglou, have reportedly stated […]
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