Which Farms Are Pushing Forward the New Gold Rush?

The mining industry is probably the oldest activity related to cryptocurrency. It all began in 2009, when Satoshi Nakamoto generated the first block on the Bitcoin network. Today, mining is an entire industry which spans 114 countries around the world, and restlessly ensures the functioning of the global network of cryptocurrencies. According to Blockchain.info analytics, the total profitability of the market over the past year comprised $4.1 billion. This figure doesn’t include the income earned from the sale of mining equipment, which is estimated to reach some $3-4 billion, as…

Wall Street Will Bring ‘Tens of Trillions of Dollars’ to Crypto

Charles Hoskinson, co-founder of altcoin Cardano (ADA), tweeted June 20 that the entry of Wall Street into the crypto sector will bring in “tens of trillions of dollars:” What’s often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That’s tens of trillions of dollars entering the space eventually. Future is bright — Charles Hoskinson (@IOHK_Charles) June 21, 2018 Cardano, which is currently ranked 8th on…

Stanford University Establishes Blockchain Research Center

Stanford University’s computer science department has established a center for blockchain research to promote the study of and develop best practices for this nascent technological field. Unveiled on Wednesday, the Center for Blockchain Research is a five-year research program that has been underwritten by a variety of cryptocurrency organizations, including the Ethereum Foundation, Protocol Labs, OmiseGo, DFINITY Stiftung, the Interchain Foundation, and cryptocurrency hedge fund Polychain Capital. The center will be led by computer science professors Dan Boneh and David Mazières. Other inaugural faculty will include computer scientists Alex Aiken,…

Reasons Why Bitcoin is Still Not Dead at $6,000 and Market is Optimistic

On June 23, CNBC Fast Trader hosted a show dedicated to presenting the “Bitcoin Funeral,” a witty introduction to BKCM founder and cryptocurrency investor Brian Kelly’s discussion on the recent bitcoin correction and its future price trend. Three Reasons why Bitcoin Isn’t Dead On CNBC Fast Trader, Kelly outlined three major reasons bitcoin will recover in the mid-term back to its previous support levels at over $10,000: Negative sentiment from investors signalling imminence of a bottomPositive development within the Japanese cryptocurrency exchange marketMt. Gox liquidation of bitcoin postponed to 2019…

EOS Block Producers Reportedly ‘Ordered’ to Freeze 27 Accounts, ‘Reasoning’ to Follow

EOS block producers (BPs) have reportedly received an emergency order to refuse to process transactions for 27 accounts, according to a tweet posted yesterday, June 22. The authorities in EOS just instructed the block producers to censor transactions from 27 accounts with no reasons given. “the logic and reasoning for this order will be posted at a later date” ggwp 😂$EOS pic.twitter.com/60yRPqCAvh — Ferdous ฿hai (@ferdousbhai) June 22, 2018 Twitter user @ferdousbhai, who tweeted the screenshot of the alleged EOS Core Arbitration Forum (ECAF) order, wrote in the comments that…

Crypto Markets Fall Further Amidst Week of FUD From Asian Sector

The crypto markets are continuing to take a tumble today, June 23, following slew of FUD-like news from the crypto sector in South Korea and Japan. Market visualization from Coin360 Leading South Korean exchange Bithumb was hacked for $30 million, and Japan’s financial regulator FSA has apparently renewed their crackdown on cryptocurrency exchanges after sending out six more business improvement notices this week. Bitcoin (BTC) is edging closer to $6,000, trading for around $6,105 at press time, down less than 1 percent over a 24 hour period. Bitcoin price chart.…

Crypto Non-Profits Are Flawed – Zcash Thinks It Can Change That

On the eve of the Zcash Foundation’s first major gathering, cryptocurrency aficionados worldwide are watching to see if the year-old non-profit can rehabilitate a long-maligned model of governance. Earlier this month, dozens of privacy tech fans from across the ecosystem, from lawyers to monero community veteran Justin Ehrenhofer, joined the foundation’s online forum to vote for two new additions to the board of directors by the Monday deadline. The election will bring the total number of board members up to five, in addition to one elected runner-up in case any member…

Central Banks’ Interest in Issuing Crypto Has Waned

Thomas Moser, a board director at the Swiss National Bank (SNB), believes that central banks’ interest in developing central bank-issued digital currencies (CBDCs) has now waned, Business Insider reports today, June 23. Moser told Business Insider at this week’s Zug Crypto Valley Conference that although there was initial interest among central banks in issuing CBDC or a national cryptocurrency, “enthusiasm has slowed again because of the implications it would have for financial stability:” “The whole technical issue, which excited everyone, really takes second place to this conceptual policy issue. The…

Crypto Trading 101: A Beginner’s Guide to Candlesticks

That kid you know who’s now driving a Lambo because he traded something called dogecoin? He has more in common with Japanese rice traders from the 1700s than you might think. Besides the ability to brag about their newfound riches, both traders likely analyzed price action and investor emotions by using the candlestick charting style. Although modernized in the late 1800s by journalist Charles Dow, the core principles of candlestick charting remain intact today. Both the modern and historical technical analysts who swear by the style regard price action as…

$13 Billion Wiped Out as Cryptocurrency Market Takes Another Beating

On June 23, the cryptocurrency market demonstrated another minor short-term correction, as $13 billion were wiped out of major digital assets such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS. EOS recorded the largest loss against the US dollar amongst major cryptocurrencies, dropping by more than 11 percent overnight. Bitcoin, Ethereum, and Ripple recorded a five percent loss but have recovered slightly since. Stable Period Needed For Bitcoin to Recover Over the past two months, Bitcoin had certain periods of strong momentum on the upside, supported by optimism from the…