Historians have often said that the only people that truly prosper during a gold rush are the ones that sell pick axes, panning supplies, and other paraphernalia to the would-be miners. Fast forward to crypto mining today, and you have a replay of this maxim before our very eyes – Nvidia (NASDAQ:NVDA), a major supplier…
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Another day, another story about a crypto exchange losing millions in customer deposits, but this story has a bizarre twist that is almost too weird to believe. QuadrigaCX, once the largest Bitcoin-focused exchanges in Canada, revealed today that it could not refund $190 million of client deposits in Bitcoin, Litecoin, Ether, and fiat currency holdings.…
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Analysts are still grappling with the reasons why the crypto market shed nearly $10 billion of market cap last week. Bitcoin, the market leader by far with a 53.4% market share, had suddenly slid from over the $3,500 threshold down to below $3,400. It has since climbed back over this figure, but industry talking heads…
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The ravages of Crypto Winter have been most notable in the investment community, where 80% and sometimes more of crypto valuations have been lost during the long crypto bear market of 2018. The market is still searching for an absolute bottom, while the industry licks its wounds and pushes ahead with development efforts. These efforts…
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Iranian officials have been working diligently in the background, ostensibly to reverse its general ban on cryptocurrencies and to produce a framework that will mesh well with its plans for a national cryptocurrency, to be backed by the Rial and managed by the central bank. The central bank chose the eve of a national Electronic…
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What a difference a few weeks can make in the Bitcoin investment community. Back on the 3rd of January, an exalted technical indicator was “suggesting Bitcoin is in its longest buying streak in six months.” Digital diehards were rejoicing. Bitcoin prices soon pierced $4,000, a level that had been described as a “titanium resistance level”…
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If there is one trait that a blockchain is known for, it is that its records are immutable. They cannot be modified. They are a permanent record, and if someone has the time, the inclination, and the know-how, they can analyze a series of transactions to reveal important facts that may lay hidden in the…
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What happens when a crypto exchange has weak security protocols, the tokens of an ICO startup go missing, a heist of $170 million takes place, and then everyone starts pointing fingers and blaming everyone else for the transgression? Matters like these usually end up in a court of law. The news today from a bankruptcy…
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Cracks in the crypto infrastructure are beginning to appear, as the ravages of Crypto Winter take their full toll. For the past few months, the financial press has been filled with headlines related to crypto miners departing the scene. Miners are sometimes called the backbone of the crypto ecosphere. Operations can range from small to…
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Yikes! The sky is falling again… or is it? It seems that, every time Bitcoin and its altcoin brethren stumble a bit, the end of the world is near at hand. Yes, BTC dropped from $3,550 to $3,357, a 5.5% fall, in a matter of hours, dragging other token values along with it, as the…
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