Notes From the Brink: Reasons Behind the Crypto Bear Market

Crypto is notoriously a “tough neighbourhood,” as even evergreen Bitcoin bull Tom Lee has put it. After a week in which double-digit losses wreaked havoc on many high-profile cryptos, and Bitcoin (BTC) momentarily fell through the $6,000 support, pitiless bearish sentiment has been circling, with some accusing the top coin of being “exhibit A” in a “permanently impaired or even …

Bitmain Selling Routers That Mine Cryptocurrency

Bitmain is about to launch a USD 18 billion initial public offering (IPO) on the Hong Kong stock exchange and is becoming quite innovative and creative with the devices offered to mine cryptocurrency. Bitmain has released two different models of mining Wi-Fi routers, a router that can mine X11 cryptocurrencies like Dash and a router that can mine blake2b cryptocurrencies …

Ethereum Sharding Slated for 2020: ETH Foundation Researcher Justin Drake

Advertisement Sharding, a much-anticipated Ethereum scaling solution, could be implemented as soon as 2020, Ethereum Foundation researcher Justin Drake said on Friday. Speaking to TechCrunch, Ethereum researchers including Drake and co-creator Vitalik Buterin discussed scaling solutions and the future of the project, outlining specific goals and functions of their upcoming new features. Discussing scaling, Buterin said that transactions fees depend …

Thai SEC Clears Seven Cryptocurrency Operators to Serve Clients, Reviews Two More

Thai regulators announced Thursday, August 16, that they have so far approved seven business entities to conduct cryptocurrency operations as part of the formalization of the country’s domestic market. In a statement, Thailand’s Securities and Exchange Commission (Thai SEC) confirmed Bitcoin Co. Ltd. (BX), Bitkub Online Co. Ltd., Cash2coins Co. Ltd., Group Co. Ltd. (TDAX), and Coin Asset Co. Ltd. …

Bitcoin Holds Above $6,000 While Industry Figures Warn Over ETF ‘Benefits’

Bitcoin (BTC) prices are up around .05 percent on Thursday, August 16, bringing the leading cryptocurrency solidly back over $6,000 after a market fall that had seen BTC dip below that psychological price point on August 14. Market visualization from Coin360 Data from Cointelegraph’s price tracker shows overall 2.5 percent monthly gains for Bitcoin as of press time, despite the …

Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack

The cryptocurrency investor Michael Terpin is suing the large telecom firm AT&T because his mobile phone was compromised by hackers who stole $24M USD worth of digital assets. Terpin says he was hacked twice in less than a year and employees at AT&T participated in a SIM swap fraud. Also read: Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash …

Five Benefits to a Bear Market

We’ve been in a slump for a while now, and by the looks of it will remain in one for a good while longer. How long, how low, and how slow the recovery is anyone’s guess. If you’re reading these words, you’re still here, and thus it’s safe to assume you’re in this for the long haul. Even the most …