Crypto Mining Firm Giga Watt Files for Bankruptcy, Faces Eviction in Washington County

A Washington-based crypto mining company has filed for bankruptcy and is facing eviction in Douglas County. Major U.S. crypto mining and blockchain firm Giga Watt has filed for bankruptcy on Monday, Nov. 19, Washington daily newspaper Wenatchee World reported yesterday, Nov. 20. The top-five crypto mining firms entrant has reportedly filed for Chapter 11 protection […]

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Blockchain Capital Exec: Bear Markets ‘Do Bear Things,’ but BTC Has ‘Gigantic’ Potential

Blockchain Capital’s Spencer Bogart believes that crypto opportunities are “still gigantic” despite the current bear market. Spencer Bogart, a partner at the venture capital firm Blockchain Capital, believes that crypto opportunities are “still gigantic” despite the current bear market, the expert claimed in an interview with Bloomberg on Monday, Nov. 19. The expert at the […]

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Crypto Bear Market Gives UK Regulators Breathing Space to Finalize Crypto Regulation

The cryptocurrency market crash has eased pressure on the U.K.’s financial regulator to introduce hasty new rules for the sector. The cryptocurrency market crash has eased pressure on the U.K.’s financial regulator to introduce hasty new rules for the sector, Reuters reported Nov. 20. As Reuters outlines, the U.K.’s Financial Conduct Authority (FCA) had been […]

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Hodler’s Digest, Nov. 12–18: a Stablecoin Gets Sharia Certified, the IMF Considers Central Bank Digital Currencies

The head of the IMF suggests looking into central bank issued digital currencies, while a Swiss stablecoin gets Sharia certified. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more […]

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

Bloomberg Intelligence analysts predict that Bitcoin “has further to fall,” predicting a fall to as low as $1,500 per coin. 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 […]

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Report: Crypto and Oil Market Slumps Are Sign of Approaching ‘Flash Crash’ in Markets

BAML strategists have suggested that recent oil and crypto market dives are indicators of an approaching “flash crash.” Analysts from Bank of America Merrill Lynch have said that the crash in cryptocurrency and oil markets are indicators of a looming “flash crash” in markets, Reuters reported Nov. 16. The strategists reportedly suggested that rising volatility […]

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After Yesterday’s Bloodbath, Losses Continue for Major Cryptos, XRP Overtakes Ethereum

Major cryptocurrencies continue to see losses after yesterday’s drop in markets, XRP has overtaken Ethereum as the number two coin by market capitalization. Thursday, Nov. 15: yesterday’s fall in crypto markets continues today, with Bitcoin (BTC) dipping below the $5,400 mark, and total market capitalization dropping as low as $174 billion, according to data from […]

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