Bitcoin’s Record Hash Rate May Hint at Price Gains to Come
Bitcoin’s latest bout of consolidation may end up with bullish breakout, as a key metric of miner confidence has hit all-time highs. The top cryptocurrency by market value has clocked lower daily highs and higher daily lows over the last three days and is currently trading at $10,300 on Bitstamp, little changed on a 24-hour […]
Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability
The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens nations’ financial stability. In interview with French daily Les Echos on Thursday, Bertrand Perez, the association’s managing director and COO, played down concerns over potential disruption to the monetary policies of central banks with currencies included in the Libra reserve – a […]
CryptoKitties Creator Raises $11 Million from Warner, A16z to Launch Own Blockchain
Warner Music is collaborating with Dapper Labs, the company behind CryptoKitties, to create a new blockchain called Flow. According to a story in Forbes Thursday, Dapper Labs has garnered $11 million in funding for the project, including investment from Warner. The round is led by Andreessen Horowitz, with other major venture firms like Union Square Ventures, […]
Binance US Plans to Begin Onboarding Customers Next Week
The largest crypto exchange by volume is making its U.S. debut next week. Binance.US said today that the platform will open registration and deposits on September 18. According to a company blog posting, the launch will initiate a rollout of multiple Binance products across the U.S. After registration, six cryptocurrencies will be available for deposits including bitcoin, ethereum, […]
IBM Official Elected Chair of Hyperledger Blockchain Tech Board
The Hyperledger technical steering committee (TSC) has elected another IBM official as its chair amid controversy over the tech giant’s increased representation on the panel. Arnaud Le Hors, a senior technical staff member for blockchain and web open technologies at IBM, succeeds Dan Middelton, a principal engineer with Intel, according to an email sent to […]
Bakkt to Require $3.9K Down Payment on Bitcoin Futures Contracts
Bakkt has officially revealed the initial deposits its customers will have to make to margin trade its bitcoin futures products. In a new notice posted Tuesday, ICE Futures U.S. – the actual futures exchange Bakkt’s contracts are trading on – announced the initial hedge and speculative requirements for customers, as well as its monthly rate add-ons. According to […]
Stellar to Airdrop 2 Billion XLM Crypto Tokens Worth $120 Million
Chat with your friends – and get paid to do it. The Stellar Development Foundation and messaging service Keybase announced Monday a 2 billion XLM airdrop, the largest in Stellar’s five-year history, worth roughly $120 million. Over the next 20 months, Keybase users can expect monthly airdrops of 100 million XLM. Keybase currently has 300,000 active users across its […]
Bitmain Ramps Up Power and Efficiency With New Bitcoin Mining Machine
Crypto mining giant Bitmain is launching two new models for its Antminer range of bitcoin mining devices, one of which is its most powerful yet. Announced Friday, the Antminer S17e has a hash rate (mining power) of 64 terahertz per second and a power efficiency of 45 joules per TH. The numbers compare favorably with […]
Bitcoin Price Experiences Sharp Drop After Fed Chair Jerome Powell Threw Cold Water on Crypto in Zurich
Federal Reserve Chairman Jerome Powell said that the central bank is not considering the launch of its own cryptocurrency during a question-and-answer session in Zurich, Switzerland. If people are leaving their money in cybercurrency and leaving it there, they are not putting it in a bank. […] What happens to the intermediation process if everyone […]
Binance.US to launch in the ‘coming weeks,’ claims CEO Catherine Coley
Binance, the world’s largest cryptocurrency exchange by trading volume, has finally given an update on the launch of its exclusive exchange platform for US customers. Binance had previously a change in their terms back in June, a change which prohibited US customers from accessing the services of the exchange. The change came in an effort […]