Canaan’s 2019 total net revenue plummeted to nearly $200 million figure. Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial results filed with the Securities and Exchange Commission (SEC). The latest unaudited Q4 and 2019 financial results from the China-based company said that its […]
Continue ReadingGalaxy Digital’s net losses saw some improvement in Q4 2019, down from around $68 million in Q3 to about $33 million. Galaxy Digital, a major cryptocurrency investment bank founded by ex-Goldman Sachs partner, Mike Novogratz, continued its 2018 trend by posting another net loss in Q4 of 2019. According to an official April 8 announcement, […]
Continue ReadingFacebook and Instagram file suit against user for cloaking ads for COVID-19 disinformation and crypto scams. Facebook and Instagram filed suit against a user who, they allege, operated a cloaking service that allowed ads for a range of scams to slip through the advertisement reviews for both platforms. Facebook’s accusations and request for relief In […]
Continue ReadingThe first Bitcoin Cash halving sees miner exodus, declining profitability and no significant upward price action. The quadrennial block reward halving for Bitcoin Cash (BCH) has come and gone, with miner rewards dropping from 12.5 BCH to 6.25 BCH. The event marked a pivotal moment for the fifth-ranked cryptocurrency by market capitalization, as it was […]
Continue ReadingThe current $7,000+ price performance is getting a highly suspicious reception from traders, as markets see yet more bailouts. Bitcoin (BTC) braved less volatile but choppy trading on April 9 as the United States Federal Reserve flooded markets with trillions in dollars. Cryptocurrency market daily overview. Source: Coin360 Fed rolls out trillions in loans Data […]
Continue ReadingAlgorithmic trading strategies use data, statistics and code to automate the process of buying and selling — and this can lead to serious benefits for traders who implement them. Where can I begin algorithmic trading with cryptocurrency? There are many websites that offer a variety of trading algorithms, which you can then connect to the […]
Continue ReadingDespite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders. At the end of February, the United States Immigration and Customs Enforcement revealed its Cryptocurrency Intelligence Program, which targets peer-to-peer and darknet markets for the illicit use of cryptocurrencies. Then, […]
Continue ReadingAs the European Commission finished its crypto consultation in March, France’s major financial regulator expressed its stance on the matter. As the European Commission finished its public consultation on cryptocurrency assets in March, France’s major financial regulator stepped in to express its stance on the matter. The Autorité des Marchés Financiers (AMF), the stock market […]
Continue ReadingThe Lightning-compatible Fold app has joined Visa’s Fintech Fast Track Program to roll out a co-branded Bitcoin cashback rewards card. The Fold app — a Lightning-compatible mobile app that offers users Bitcoin rewards (BTC) while shopping — has joined Visa’s Fintech Fast Track Program. Joining the program will enable the app to launch a new […]
Continue ReadingCrypto payment and fiat on-ramp solutions Wyre and MoonPay have seen increased volume in recent weeks. Although the world has largely come to an economic halt amid coronavirus prevention measures, crypto companies MoonPay and Wyre have seen volume numbers climb. “We’ve seen a huge spike in retail volume over the past few weeks,” Jack Jia, […]
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