Despite the breakeven cost of Bitcoin mining at nearly $8,000, the demand for mining is increasing. Throughout 2018, the cryptocurrency market experienced the fourth worst correction in its nine-year history, as Bitcoin lost more than 69 percent of the value from its all-time high of $19,500. Despite the substantial decline in the price of Bitcoin […]
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Chinese finance news outlet Sina Finance reports that crypto mining equipment producer Ebang’s IPO has been halted due to alleged involvement in illicit financial activities. Investigators have reportedly halted the public listing process of cryptocurrency mining machine manufacturer Ebang International on the Hong Kong Stock Exchange (HKEx), local financial news outlet Sina Finance reported Oct. […]
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On the 10th anniversary of the Bitcoin white paper, markets are seeing stability: Bitcoin is trading sideways and other major coins see gentle growth of below 2 percent. Wednesday, Oct. 31: after a couple of days of mild losses, crypto markets have today stabilized, with most of the top twenty cryptocurrencies by market cap seeing […]
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Coinbase thinks that around 300 out of the total number of cryptocurrencies in existence currently are “worth” offering. Major U.S. cryptocurrency exchange and wallet provider Coinbase will not perform an initial public offering (IPO) “any time soon,” the company’s President and COO Asiff Hirji told Bloomberg today, Oct. 31. Speaking to Bloomberg TV, Hirji, who […]
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Berkshire Hathaway – whose CEO and chairman is outspoken Bitcoin critic Warren Buffett – has invested around $600 million in two fintech payment firms. Multinational holding conglomerate Berkshire Hathaway – which counts outspoken crypto critic Warren Buffett as its CEO and chairman – has invested around $600 million in two fintech payment firms focused on […]
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Berkshire Hathaway has been investing in FinTech since early 2018. The investment company is owned by Warren Buffett, a top investor and influencer. Therefore, their moves in FinTech may signal a market shift in that direction. They’ve already invested hundreds of millions of dollars in just a few months. According to The Wall Street Journal, […]
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Coinbase has confirmed it has made lay-offs among several departments but did not comment on the rumored numbers involved. U.S. cryptocurrency exchange and wallet provider Coinbase has cut “at least” fifteen staff after hiring 250 this year, Yahoo Finance quotes unidentified sources as saying Friday, Oct. 26. In a curious U-turn following a year of […]
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Sources familiar with the matter told Bloomberg that crypto mining firm Bitfury is considering an Initial Public Offering. Blockchain technology company Bitfury is considering a potential Initial Public Offering (IPO), which could reportedly become the first major public listing in the crypto industry in Europe, Bloomberg reported Oct. 25. People familiar with the matter reportedly […]
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Ran Neuner, the CNBC Crypto Trader show’s host, claims that Coinbase will announce its first IPO on Oct. 26. Ran Neuner, host of of the Crypto Trader show on CNBC Africa, claims that major crypto exchange and wallet Coinbase is about to announce its first Initial Public Offering (IPO), according to a tweet Thursday, Oct. […]
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This week’s cryptocurrencies market analysis will concentrate on technological advancements in the blockchain space in quarter 4. The analysis will focus on major technological upgrades occurring in quarter four along with Ambrosus (AMB) being a top contender to produce returns well in excess of 100% in the immediate short term. 3 Cryptocurrencies We Predicted Would Rally […]
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