Crypto mining firm Bitmain hit with $5m class action lawsuit November 26, 2018 The world's largest cryptocurrency mining hardware-maker Bitmain is facing a class action lawsuit in California, which is seeking $5m (£3.9m) in damages over allegations of unauthorised mining. Filed by lead plaintiff Gor Gevorkyan in California this month, the suit has alleged Bitmain used power from its customers during the initial set-up of its ASIC mining device to mine currencies without their knowledge [...]
Bitcoin falls back below $4,000 benchmark as cryptocurrency volatility lingers November 26, 2018 The price of bitcoin showed little sign of an upturn this morning after a weekend that saw the cryptocurrency dip below the $4,000 threshold. Bitcoin's value dipped to $3,930 today, after recovering back above $4,000 late yesterday, when it plunged to $3,474 – its lowest level since September last year, according to Luxembourg crypto-exchange Bitstamp. Yet [...]
Blockchain collaborators envision a new digital token standard for shares November 21, 2018 Right now, there is a shift from public token offerings to regulated token offerings, often in the form of equity tokens. A number of blockchain companies around the world are busy creating their own digital standards for tokenised corporate shares. David Siegel, Chairman of 20|30, a start-up in the FCA sandbox that is testing the [...]
Decentralized Exchanges are the Solution to Hackings and Customer Privacy November 21, 2018 Cryptocurrency trading platforms, both centralized and decentralized, offer diverse features and varying levels of security for users. In a time when there is growing scepticism over the reliability of cryptocurrencies, it is more important than ever before to have a trustworthy, secure, and accessible exchange to trade digital assets. Most people do not understand that [...]
MJAC & Crypto Compare London: Showcasing leaders of the blockchain industry November 21, 2018 MJAC on November 30th will see a host of key industry players discussing and debating the hot topics within the blockchain and cryptocurrency spheres. Obi Nwosu, Coinfloor’s CEO, and Nick Chong of Liquid by Quoine will deliver the two keynote speeches. Claire Wells and Marieke Flament from Circle will discuss Opportunities and Threats for the [...]
Crypto A.M. shines its Spotlight on CityBlock Capital November 21, 2018 This year has been a tumultuous year for cryptocurrency markets, but here on Wall Street, blockchain technology and the development of a regulatory compliant, digital asset ecosystem is moving full steam ahead. Over the past several months, the London Stock Exchange, New York Stock Exchange, NASDAQ, and Fidelity have all announced plans to launch digital [...]
Bitcoin value drops for a second day after falling below $5,000 November 20, 2018 The value of bitcoin fell seven per cent today as it continues to slide after hitting a 13-month low yesterday. Monday's 14 per cent plunge saw the world’s largest cryptocurrency drop below $5,000 for the first time in more than a year to its lowest level since October 2017. The currency, which sank to $4,382 [...]
Applying Blockchain? Don’t waste your time! November 13, 2018 Blockchain is the flavour of the month and is a technology that sits in the eye of a monumental hypestorm. It’s all the rage, and no corporate wants to miss out on the excitement. In some views, blockchain is the cure to all problems facing IT (or even society overall!), and should be applied liberally [...]
NKB Group provides a summary from inside the industry November 13, 2018 As ever, we start with Trading highlights. Bitcoin continues to fluctuate in a range of $200-300, holding steady at the 2018 lows that we have been courting for the past three months. A special level that is holding just above most crypto miners’ break-even points. Despite the raft of positive news, BTC failed its November [...]
DEBATE: Bitcoin volatility has been falling recently – is this a good sign for the crypto craze? November 12, 2018 Bitcoin volatility has been falling recently – is this a good sign for the crypto craze? George Zarya, chief executive at BeQuant, says YES. The cooling of the crypto market is a hugely positive sign and not at all unsurprising. It is common to see immature markets and asset classes experience high levels of volatility at [...]