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As the price of Bitcoin (BTC) continues to drop, there’s been talk that many Bitcoin miners will have to start shutting down their machines. The world’s most expensive cryptocurrency has been getting cheaper lately, dropping below USD 9,000 on November 8, and some analysts estimate it could go below USD...
While the price of Bitcoin (BTC) is dropping, the mining difficulty and hash rate went up. This has led some market observers to believe that we may not see a mass miner capitulation yet. (Updated at 15:09 UTC: updates in bold). When the price drops and mining revenues decrease, miners...
PureGold, a gold oriented business from the Asia Pacific region with over 10 years of experience in minting gold coins and bars, has decided to use blockchain technology. The firm is set to launch its payment gateway PGPay which would enable users to make payments against real physical gold. The...
It took less than a month for bitcoin (BTC) to erase almost all its gains the market saw in the end of October. At pixel time (15:36 UTC), BTC trades at c. USD 7,684 and is down by 6% in the past 24 hours, by 12% in the past week,...
The Royal Bank of Canada (RBC), the Canada-headquartered major global bank, has responded to reports that claimed it is on the verge of launching a Bitcoin and altcoin trading platform – saying it has no “near-term plans to launch a cryptocurrency exchange for clients.” Earlier this month, media outlet The...
Basic Attention Token (BAT), ranked 29th by market capitalization, is green throughout following the news of Brave launching version 1.0 of its privacy-focused browser. BAT, the native token of Brave, the first decentralized browser based on blockchain technology that lets users earn tokens as they browse, is seeing a lot...
2020 might kick off with a launch of a new financial instrument for Bitcoin (BTC) investors. After the September announcement of its plans to launch this new addition to their offerings for Q1 of 2020, the Chicago Mercantile Exchange (CME Group), a major financial derivatives marketplace, said today that the...
Starting today, cryptocurrency exchanges can apply to be regulated by Hong Kong’s Securities and Futures Commission (SFC), as it published a framework for crypto exchanges. The new rules covers aspects of custody, know-your-customer requirements, anti money laundering rules and market manipulation, besides issues specific to the cryptocurrency industry, Ashley Alder,...
The Singaporean central bank says it has developed a blockchain-powered prototype for foreign exchange payments – and wants other central banks to follow suit. The Monetary Authority of Singapore (MAS) stated, in a press release, that its new solution was developed in conjunction with JPMorgan and state-owned Singaporean holding company...
California-based blockchain startup focusing on payment technologies, Ripple, has seen its client base grow 50% this year, while some 7% use XRP for cross-border liquidity. “This year has been our strongest for Ripple yet,” Brad Garlinghouse, CEO of Ripple, said in a recent interview with a Forbes contributor. In their...