cryptocurrency Archives - Page 872 of 983

Japan: E-commerce Giant DMM Shutters Crypto Mining Business Due to Declining Profitability

January 2, 2019cashtechnews

Japanese e-commerce conglomerate DMM.com Ltd. will shut down its crypto mining business, citing deteriorating profitability. Japanese e-commerce conglomerate DMM.com Ltd. will shut down its crypto mining business, citing deteriorating profitability as the main cause. Local business magazine Toyo Keizai reported the shutdown on Dec. 30. The decision was reportedly taken in September 2018, and initial […]

HitBTC Account Freezes in Spotlight as Trace Mayer, John McAfee Claim Foul Play

January 2, 2019December 19, 2019cashtechnews

Trace Mayer and John McAfee are among critics claiming the exchange is limiting withdrawals in the run-up to the Proof of Keys event. Cryptocurrency exchange HitBTC has yet to respond to accusations it deliberately froze account withdrawals on Jan. 1, days prior to entrepreneur Trace Mayer’s Proof of Keys event. In a series of tweets, […]

Ethereum Reclaims Top Altcoin Position, Rises $500,000 Clear of XRP’s Market Cap

January 2, 2019cashtechnews

The reshuffle in the top three cryptocurrencies by market cap comes after Ethereum spent several weeks behind XRP. Ethereum (ETH) has beaten Ripple (XRP) to reclaim its position as the largest altcoin by market cap, data from CoinMarketCap confirmed on Jan. 2. As part of a return to positive gains throughout the top twenty cryptocurrency […]

Top Cryptos See Modest Gains After Wavering Earlier Today

January 1, 2019cashtechnews

The top 20 coins by market capitalization are all seeing green after wavering slightly earlier today. Jan. 1 — the top 20 coins are seeing moderate gains over the 24-hour period. Bitcoin has scaled back above $3,800 after falling below the mark earlier today. Market visualization from Coin360 At press time, Bitcoin (BTC) is up […]

Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities

January 1, 2019cashtechnews

The government of Abkhazia has cut off power to 15 crypto mining farms due to concerns over electricity consumption. The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns, state electric utility Chernomorenergo RUE announced in a Facebook post on Dec. 31. Per the announcement, Chernomorenergo […]

Senator and Crypto Critic Elizabeth Warren Enters 2020 US Presidential Race

January 1, 2019cashtechnews

U.S. Senator Elizabeth Warren, who is also known for her criticism of cryptocurrencies, has jumped into the 2020 presidential race. United States Senator and cryptocurrency critic Elizabeth Warren has announced her bid for President in 2020, the New York Times reported on Dec. 31. Following her announcement, Sen. Warren made plans to visit the state […]

Fortnite Merchandise Store Starts ’Exclusively’ Accepting Monero as Payment Method

January 1, 2019cashtechnews

Popular video game Fortnite has started accepting privacy-focused cryptocurrency Monero as a payment option at it’s online store. Retail Row, the merchandise store for the online video game Fortnite, has started “exclusively” accepting Monero (XMR) as a cryptocurrency payment option, Monero tweeted Jan. 1. Fortnite is an online video game released in July 2017 and […]

Fred Wilson: Crypto No Safe Haven in 2019, Investors More Wary of Startup Sector

January 1, 2019cashtechnews

Venture capital investor Fred Wilson has suggested that crypto will not be a safe haven, although “there will be signs of life in crypto land in 2019.” Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1. […]

Crypto ‘Largely Usable Only by Developers’ Wall Street Journal Says

January 1, 2019cashtechnews

Cryptocurrency is currently “largely usable only by developers” according to the Wall Street Journal. “Few tangible uses for Bitcoin (BTC) and its underlying blockchain technology have emerged,” according to a Wall Street Journal (WSJ) article published Jan. 1. According to WSJ, in 2017 actual crypto development “took a back seat to getting rich.” The article […]

India: Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

January 1, 2019cashtechnews

A source reported that the Indian central bank thinks it is too early to develop or implement a central bank digital currency. The Reserve Bank of India (RBI) is pausing its plans to release a digital currency, Indian business news outlet the Hindu Business Line reported on Jan. 1. India’s central bank had originally announced […]

Tag: cryptocurrency

Japan: E-commerce Giant DMM Shutters Crypto Mining Business Due to Declining Profitability

Ethereum Reclaims Top Altcoin Position, Rises $500,000 Clear of XRP’s Market Cap

Top Cryptos See Modest Gains After Wavering Earlier Today

Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities

Senator and Crypto Critic Elizabeth Warren Enters 2020 US Presidential Race

Fortnite Merchandise Store Starts ’Exclusively’ Accepting Monero as Payment Method

Fred Wilson: Crypto No Safe Haven in 2019, Investors More Wary of Startup Sector

Crypto ‘Largely Usable Only by Developers’ Wall Street Journal Says

India: Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

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