Bitcoin and Crypto News, Analysis, Forecasts, ICOs, and Events for the week ending 23 November, 2018

  Crypto News & Analysis Is cryptomining still a viable business? Can individuals create enough revenue to produce a profit from cryptomining? What does the future hold for cryptomining operations?       The new way to make money crypto mining in Sweden is by not paying the electric bill. It sounds funny but this may be the policy of one crypto mining operation that was based in Sweden, NGDC. NGDC’s crypto mining operations in a northern county of Sweden compiled an electric bill equal to an amount of $1.55…

Read More

Crypto News, Analysis, Forecasts, ICOs, and Events for the week ending 16 November 2018

Crypto News & Analysis Bitmain’s co-founder Jihan Wu has been removed from the director’s chair at Bitmain. It has been reported that Mr. Wu has been demoted to the position of supervisor and no longer has the authority to manage the day to day affairs of Bitmain. An unnamed source from Bitmain disclosed the functions and details of Mr Wu’s new role within the company. The source describes Mr. Wu’s demotion as follows:   After changing to a supervisor, there are no voting rights, so (Mr. Wu’s) power is smaller…

Read More

Bitcoin vs. Ripple (XRP): The similarities and differences

  Bitcoin vs. Ripple (XRP): The similarities and differences   For any amateur, cryptocurrencies like Bitcoin, Ripple (XRP) and others may seem to be the same, with differences in value just like how different fiat currencies have different values. However, this is far from the truth. Each cryptocurrency has been designed differently. In this post, let us compare Bitcoin against Ripple (XRP), two of the most famous currencies traded on online Bitcoin Exchange.   Similarities between them Cashing Out – if you want to cash out your Bitcoin or Ripple…

Read More

Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 9 November 2018

    Crypto News & Analysis November is here and many are asking when will federally regulated cryptocurrency exchanges appear within the US. One of the key reasons the Securities and Exchange Commission gave for their denial of Bitcoin based Electronically Traded Funds (ETFs) was the fact that the underlying security or asset was not listed on a federally regulated exchange. ICE, The Intercontinental Exchange that owns and operates the New York Stock Exchange, and NASDAQ, the world’s 2nd largest Exchange qualified by its market cap value of US $10…

Read More

Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 2 Nov 2018

  Crypto News & Analysis Coinbase raises US $300 million but will remain a private company. Coinbase is the most popular cryptocurrency exchange in the USA. It may also be one of the top 3 cryptocurrency exchanges in the world. There were reports and rumors that this crypto exchange would become a public entity in the next few weeks. But the President of Coinbase, Asiff Hirji says no, “There’s not going to be an IPO any time soon.”     Coinbase successfully raised $300 million through private Series E funding.…

Read More

Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 26 October 2018

Crypto News and Analysis Sony has formally announced their plans to develop a wireless crypto wallet. Sony Corp is letting the world know how serious they are about being leaders in the sale of commercial products that will be utilizing blockchain technology. Plans to build the state of the art hardware wallet is where it all begins with Sony. Hardware wallets will be where the wealth of the 21st century will be stored. And Sony wants to have a strong presence near the wealth of all cryptocurrency owners.    …

Read More

Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 19 October 2018

  Crypto News & Analysis International Business Machines (IBM) has scheduled a demonstration of their own version of a blockchain based, global transfer, rapid payment platform. They have named it ‘The Blockchain World Wire'(BWW). Unlike Ripple’s xRapid platform, IBM’s system can handle cross border transactions with any cryptocurrency as a medium of exchange. Whereas it has been reported that the xRapid system is only able to handle cross-border payments using the XRP crypto.   Capitalism doesn’t work without competition. IBM’s BWW system will ensure that the price for the service…

Read More

What are the Top 10 Cryptocurrencies?

    Almost everyone has heard of Bitcoin and its meteoric rise has been in the news the last few years but what other cryptocurrencies are out there and what are the top 10?     Bitcoin Bitcoin is the “big daddy” of all cryptocurrencies and Bitcoin was introduced in 2008 by Satoshi Nakamoto (alias) and released publically as open-source software in 2009, as    an innovative payment network and a new kind of money called cryptocurrency. In recent years Bitcoin has had meteoric rise in value and has captivated the…

Read More

What is Ripple / XRP?

  What is Ripple / XRP? Ripple is a technology company and the inventor of XRP, an independent digital asset.    Ripple CEO discusses XRP and the requirement for a Global Framework:     In a recent interview with Bloomberg, Brad Garlinghouse made it clear that they are working towards replacing SWIFT. Cory Johnson the Chief Marketing Strategist at Ripple said: Our competition is this banking consortium that came together in 1973… It’s called SWIFT… You know what it isn’t? It is not ‘swift’! It takes 3-5 days to move money……

Read More

BitMEX Shatters Industry Record with Daily Turnover of 1 Million Bitcoin

Global crypto trading platform hits major milestone for 24-hour bitcoin trading volume amid price surge   Seychelles — BitMEX, one of the world’s leading crypto-coin trading platforms, has broken the industry record for bitcoin trading volume, with more than 1 million bitcoin traded on the platform in 24 hours for the period closing July 24, 2018. The 1,041,748 bitcoin traded on BitMEX shattered its previous record of 800,000 bitcoin traded within 24 hours. The landmark moment for the cryptocurrency industry comes as the bitcoin price continues its upturn to more…

Read More