London Stock Exchange-listed miner Argo Blockchain is mining 545% more Bitcoin than last year, with profits up 280%. Publicly-listed mining firm Argo Blockchain has published bullish interim half year results for 2020, despite the recent Bitcoin (BTC) halving and a host of “challenging conditions.” Argo Blockchain PLC is headquartered in London, with its shares listed…
Read more
Central banks may be inadvertently driving a generation of investors to bitcoin (BTC) and other cryptoassets, said a Morgan Stanley executive. In an interview with CNN, Morgan Stanley’s Head of Emerging Markets and Global Macro Ruchir Sharma, opined that central banks’ actions were pushing individual investors worldwide to seek out alternative assets like bitcoin as…
Read more
Barry Silbert. The New York-based crypto investor the Digital Currency Group (DCG) has announced it has taken over UK-based crypto exchange Luno for an undisclosed sum. DCG made an initial investment in Luno back in 2014, but the platform has continued to grow in recent years, setting up bases in Singapore and Cape Town, South…
Read more
LN Markets, the first bitcoin (BTC) derivatives exchange built on top of the Lightning Network (LN), announced that it has closed its pre-seed funding round, with crypto exchange Bitfinex, bitcoin-focused investment firm Fulgur Ventures, and crypto research and asset management firm Arcane Crypto among the participants. Already in July, Cryptonews.com reported that LN Market Read…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Ukraine, Russia, and Venezuela have taken three top spots in the Global Crypto Adoption Index, announced by Chainalysis today. "While trading and speculation are important to the cryptocurrency economy, we wanted our Read…
Read more
Bitcoin price retested the USD 10,000 support zone, but the bears failed to gain strength. BTC remained well bid above USD 10,000 and it is currently (08:30 UTC) moving higher. Having said that, the price must settle above USD 10,400 and USD 10,500 to start a steady recovery wave. Similarly, most major altcoins are showing…
Read more
Source: Adobe/Татьяна Палладина Following a month of rising Bitcoin (BTC) mining difficulty, the first adjustment in September saw the difficulty drop – though it still remains at the second-highest level in the network’s history. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, dropped 1.21% today, but it…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news In August, trading volumes on top-tier (or lower risk) crypto exchanges increased by 58% to USD 529bn, according to CryptoCompare, a provider of the crypto market data. Trading volumes on higher…
Read more
Source: Adobe/Galina_lya Cryptoasset miners are incentivized to keep transactions secret, said a recent paper, warning that the type of mining called "exclusive" allows them to do so while it can also be used for tax evasion and money laundering. "The authors observe that blockchain nodes have no incentive to forward new transactions to their peers.…
Read more
The sell-off in the crypto market has continued this weekend with bitcoin (BTC) briefly dipping below USD 10,000 on Saturday. Since Wednesday, the total market capitalization dropped by almost 20%, to USD 318bn today. At pixel time (06:48 UTC), BTC trades at USD 10,113, somewhat recovering from USD 9,951 reached on Saturday evening (UTC time).…
Read more
