Payment network Square has seen the value of its shares jump as a direct response to its Bitcoin integration. Square Shares Up 30% In 30 days After its announcement last week it was giving Bitcoin payments a limited trial for customers, Evercore ISI said the move was a major benefit to the business. “Following our meeting Wednesday with CFO Sarah Friar, we are upgrading Square to outperform,” analyst Rayna Kumar wrote to clients quoted by
The total hash power of almost every major coin has been rising exponentially this year, which is raising major concerns about the industry’s high level of power consumption. While most profitable miners have access to subsidized electricity, the industry needs to move to renewable energy to minimize environmental impact. [Note: This is a sponsored article.] Environmental Impact The past thirty years have been characterized by a huge push for environmental conservation, with study after study
Finishing up an extremely successful ICO run last week, UQUID, the all-in-one solution for earning, saving, and spending 90 different cryptocurrencies, raised over $17.8 million. Cryptocurrency-based payment platform UQUID concluded its ICO last week, raising $17.8 million and leaving investors clamoring for more. For those unfamiliar with the platform, UQUID bridges the gap between cryptocurrency and fiat. It allows users to earn, save, and spend Bitcoin, Ethereum, and 88 other cryptocurrencies. Through the UQUID virtual
Former hedge fund manager turned cryptocurrency investor Mike Novogratz just said he believes institutional investors are only weeks away from adopting Bitcoin and Ethereum en masse. Novogratz also said this Wall Street “migration” will cause crypto prices to surge. Fortress Investment Group alumni Mike Novogratz once again offered his bullish opinions on the crypto space in new comments from the first day of New York’s Reuters Global 2018 Investment Outlook Summit. “The institutionalization of this space
With the crypto craze seemingly only beginning, a few non-crypto companies have leveraged themselves to capitalize early. And it’s these companies’ stocks that are reaping the benefits of such first-mover status in the explosive crypto space. Early Birds Get the Worms: CME, Graphics Processors Companies Are Ones to Watch Graphics Processing firms like AMD and NVIDIA have had strong performances in the stock market so far in 2017 courtesy of an explosion of user interest
People have already made fortunes from crypto fever and cryptofunds, and many more will make money as well. But not everyone. The Cryptofund Lifeline Like any rapidly developing market, the cryptocurrency industry provides opportunities, but there are only a few who can really use them. A significant share of the cryptocurrency market is owned by the those who mined it but have no idea how to handle it. Almost all of these people are at
Amazon is stirring up speculation that the online retailer is moving into cryptocurrency by their recent purchase of three crypto-related domains. The world of cryptocurrency has been scorching hot recently, as is evident by the market cap of cryptocurrency hitting a new high of over $187 billion. Now it appears that the temperature is even going to get higher as CNBC is reporting that online behemoth Amazon has purchased three domain names related to cryptocurrency.
Commodities were once synonymous with old money and the elite, but in the age of cryptocurrency, they are making an unstoppable comeback. Commodities in the Age of Crypto In 2017, commodity trading focused on precious metals particularly is becoming vogue once again – but this time for anyone with Bitcoin holdings. While commodities naturally come in more forms than metals – energy and foodstuffs, for example – it is gold that has found a natural
Decentralized advertisement network AdEx has announced its partnership with the content platform Snip. The AdEx Platform AdEx is a decentralized advertisement platform that uses blockchain technology to offer a fast, secure and efficient advertisement network. The platform was founded by the same team that created Streamio, a video content aggregator. On June 30, 2017, the AdEx token sale was able to raise the impressive amount of 40,000 Ether. In the last couple of weeks, the development progress
Gold is still considered the go-to safe haven precious metal for investors, regardless whether they are diehard fiat traders or crypto-curious. Automation Breathes New Life Into Pawnbrokers Despite getting a bad rap from an increasing number of analysts who prefer cryptocurrency as a short-term investment in 2017, gold remains more lucrative than many think. This is the conclusion of multiple startups aiming to leverage Blockchain to solve one of the legacy gold industry’s biggest headaches:
Canadian Bitcoin ATM company LocalCoinATM recently opened the first Ethereum ATM (ETH) in Toronto, and have added support for Ethereum on all their Bitcoin ATMs in the Greater Toronto Area. Citizens of the Great White North, rejoice! Canadian Bitcoin ATM company LocalCoinATM recently announced the opening of the first Ethereum ATM in Toronto, and have added support for Ethereum on the rest of their Bitcoin ATM network. The new ATM is located at 161 Church Street, Toronto
Coinbase has been described as “hemorrhaging money” this week after data showed it had been paying double transaction fees. Fees Glitch Adds To Coinbase Woes The overspending, likely due to a software problem, is the latest in a series of technical mishaps for the exchange and wallet provider. BitGo engineer Jameson Lopp originally raised the alarm Friday noting “something weird” was occurring on the Bitcoin network, tweeting: 12 hours ago an entity began sending BTC transactions
Hundreds of millions of potential online food portal customers can now pay their orders with Bitcoin following some major European partnerships. Bitcoin Food Ordering Comes To Mainland Europe Last week saw Germany’s largest portal Lieferando add the virtual currency, news which followed a similar announcement from Poland’s leader Pyszne and others. The outlets are owned by Amsterdam-based parent company Takeaway.com, which operates in markets throughout the world and serves 8.9 million customers. The websites function
Coinbase may have “won” part of its battle to keep its transaction records away from the US Internal Revenue Service (IRS). ‘Narrowing’ The ‘Overly Broad’ IRS Request According to multiple reports this week and last, the wallet and exchange’s ongoing battle with the regulator could have finally swung in its favor. According to The Recorder, a legal site that reported on the hearing: DOJ trial attorney Amy Matchison said at a court hearing before U.S.
South Korea’s biggest volume exchange Bithumb has lost “tens of millions of won” after hackers infiltrated company systems. Bithumb Hack: Confusion Reigns Stories Emerge According to local news media reports, the attack occurred last week after hackers “employee PCs were hacked.” It is unknown how much money was stolen in total, with some sources reporting “billions” of won missing. The exchange appears to be running as normal, with reports surfacing from frustrated customers who have allegedly
Antpool mined its first SegWit2x block today, signaling approval for the implementation of the SegWit scaling proposal and a hard-fork to double the block size. Antpool Goes SegWit Antpool, the biggest mining pool in the Bitcoin ecosystem with over 14% of the global hashrate, has mined its first SegWit2x block today, signaling approval for the ambitious scaling agreement that seeks to implement the SegWit soft fork and a subsequent hard fork to increase block size capacity to 2MB.
American International Group (AIG) has sold UK-based Standard Chartered Bank the world’s first blockchain-based multinational insurance policy in hopes that it will cut costs and reduce regulatory complexity. AIG Uses Blockchain Ledger for Insurance Another first for blockchain technology, AIG has just added insurance to blockchain’s growing list of applications. AIG, a multinational insurance provider, recently announced it had sold its first blockchain-based insurance policy to the UK’s Standard Chartered Bank. By using a blockchain ledger to record insurance data, AIG will
Troubled exchange and wallet provider Coinbase has announced it is seeking another $1 billion in funding from unnamed investors. Coinbase $1bn Investment Round Bitcoin’s Biggest The Wall Street Journal reported Friday that this latest investment round would likely be the largest venture-backed cash fundraiser in the history of Bitcoin companies. Just this past January, Coinbase had gathered $75 million which coincided with Bitcoin’s dramatic increase in price and user uptake. Investors involved included the New York
Airbitz has partnered with Sphre to secure their Blockchain-Based Identity Management Platform, AIR. Airbitz Partners with Blockchain-Based Identity Firm Sphre, a blockchain-based identity management firm, announced their partnership with Airbitz, one of the most popular mobile Bitcoin wallets and a data security platform with over 140,000 users. Airbitz has been working on its Edge Security Platform since the company’s inception, focusing on providing a secure and easy-to-use solution for decentralized blockchain projects and dApps as a means enhance
Following the AsicBoost controversy, Bitmain has now responded to the accusations of having purposefully programmed a backdoor into the firmware of multiple Antminer models. Bitmain Can Remotely Turn Off Its Miners In what is being called “Antbleed,” this backdoor could shut down 70% of the global Bitcoin network, which could put the world’s first decentralized cryptocurrency at great risk. “Bitmain has put themselves in a position where they can kill the majority of Bitcoin hashing power instantly,”
The Ethereum Classic team addressed the current ICO hype, warning against “manipulative crowdsale tactics,” while promising not to vouch for coin offerings “in the same capacity” as the Ethereum Foundation. Ethereum Classic on ‘Irrational Appcoin Exuberance’ The Ethereum Classic development team has shared its opinion on what Nick Tomaino’s called, the “Irrational Appcoin Exuberance.” This exuberance is currently seen in Ethereum and may soon come to Ethereum Classic as more capital flows into the network. Citing concerns regarding
Bitcoin wallet provider and security platform Airbitz has released an update allowing users to choose which nodes they connect to. Airbitz: Choice Is Part Of ‘Bitcoin Ethos’ In a post Monday, the company cited “choice” as part of the “Bitcoin ethos” as motivation for letting wallet holders decide the nodes they want to relay transactions with. Our latest release, v 2.4.1, is now out in iOS and Android! https://t.co/uj5wo0hAOq pic.twitter.com/KExIodjODP — Airbitz Inc (@Airbitz) April
The latest data from Bitcoin remittance app Bitwala reveals a growing trend in Bitcoin adoption among citizens of developing countries. ‘Steep Adoption Rate’ Bitwala, a Bitcoin-based remittance app, shared some user statistics in its blog post yesterday in which we can see that Bitcoin is becoming increasingly popular in certain developing countries. The blog post reveals a “steep adoption rate” in developing countries both from Africa and Asia, the two continents with the highest number of unbanked citizens. Bitwala reveals that,