Crypto news

Bitcoin mining has taken a real hit over the past month. Thanks to the coronavirus pandemic, the mining sector has experienced a huge fall in activity due to a bitcoin selloff and lagging rewards.Bitcoin Mining in Serious TroubleMany bitcoin mining firms are now looking at the situation differently. They figure they can still make a profit granted they work with people’s present situations. Thus, several are looking to sell bitcoin mining equipment at a discount. This way, they can earn...

Bitcoin has been dropping on a relatively consistent basis over the past month, and yet 2020 is still the year for mega predictions.Will Bitcoin Reach Its All-Time High in a Few Months?The co-founder of Morgan Creek – Jason Williams – is claiming that bitcoin will once again reach its all-time high of $20,000 this coming September. Normally, news like this wouldn’t strike people much, but considering the circumstances the crypto space and markets in general are now facing, this is a very bold...

The theory goes that quantum computing could be used to crack out cryptocurrency wallets. Is this true?What could quantum computing do to web services? Currently, there are supercomputers already in existence. They are so smart that they can find your Bitcoins by brute-forcing the seed phrases. The computers are so smart now that they can distinguish between two persons entering the same login and password on a login page, serving different e-mail inboxes. This is not a matter of what...

The First State Bank in Barboursville, West Virginia, is amongst the first financial entities to shut down operations during the COVID-19 outbreak. The Federal Deposit Insurance Corporation (FDIC) announced the news yesterday, noting that it has brokered the sale to MVB Bank.West Virginia Bank Shutting DownThe West Virginia state regulator closed the First State Bank in Barboursville yesterday. The FDIC was appointed receiver and later brokered the sale of all assets and all four branches to...

Tesla has begun to retrench its contract workers in the U.S. But not all news from Tesla can be viewed as negative. TSLA stock is in the green while stocks of many other companies are down.Even as Tesla Inc (NASDAQ: TSLA) stock continues to soar, the electric car manufacturer has begun retrenching contractors at its U.S. car and battery plants. Reportedly, the firm is cutting down the number of contractors from its workforce in its factory across many states alongside where they make battery...

Revolut’s cryptocurrency Services are coming earlier than planned due to the fallout in the global economy as more countries undertake quantitative easing.Revolut cryptocurrency services are now available to all users of the platform. The fintech firm has decided to allow access to its cryptocurrency trading platform earlier than previously planned. The economic fallout of the COViD-19 situation hasn’t abated and as a result of this, Revolut is making its services available to all users on...

Place/Date: - April 4th, 2020 at 10:08 am UTC · 3 min read Source: AK Antimatter Kingdom If give you a chance to buy ETH at 0.1U, can you catch it?If give you another chance to buy BTC at 1U, can you catch it again?“I can”“No, you can’t, just like the AK in front of you”All opportunities are born in turbidity, and gone in clarity.When scientific and financial scholars from various countries around the world lamented the advanced technology and system of CXC, CXC has already marched towards...

The past days were promising for Bitcoin: After finally succeeding in breaking the $6800 resistance mark, Bitcoin price had seen a decent run of $400 to the reach $7236 as the highest price since the March 12 collapse.As mentioned in our previous price analysis, while Bitcoin was trading around $6700: “we already identify bullish divergence, which can fuel the next move above.”The overall setting looks bullish on the 4-hour chart, going through healthy higher-lows trajectory. However, the...

Binance – arguably the largest and most popular crypto trading platform in the world in terms of market volume – has purchased the crypto data firm CoinMarketCap.com for approximately $400 million.Binance Has Engaged in a Big BuyWhile the deal is not fully set in stone, an announcement is expected to be made by the end of this week or no later than early next week. Binance CEO Changpeng Zhao teased the merger earlier in the year, explaining to users via newsletter:As the saying goes, when you...

Place/Date: - April 3rd, 2020 at 8:29 pm UTC · 4 min read Source: ARCS Chain In a time when data privacy has become scarce and corporations around the globe exploit their customers for their profits, IFA’s ARCS chain brings an ecosystem where personal privacy is precious and users get a fairer distribution of profits made from their personal data. Basically, the ARCS chain is a proprietary blockchain for data banking infrastructure which enables unified management of user data which allows...