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Shares of Two Energy Companies Soaring After Announcing a Transition into Blockchain Technology

Blockchain technology is huge. Some even call it the mastermind behind digital currency Bitcoin; so are we really surprised that dozens of companies are starting to move into the Blockchain industry? Not really. Blockchain Technology within the Corporate World Not only is working with Blockchain going to prove to beneficial for companies in the long-run, as some of, like ChinaNet ...

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Bitcoin Fell below $10,000 Mark – Here’s Why?

Bitcoin extends the dramatic selloff in Wednesday trade, declined below $10,000 mark for the first time since November 28. The broader selloff was observed in cryptocurrency markets in the last two days, amid concerns over regulators.  Bitcoin lost more than half of its value since hitting the highest level of $20,000 on December 17.  Currently trading around $10,010, bitcoin lost ...

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Alibaba Launches Crypto Mining Platform Despite Chinese Government Restrictions

Alibaba Launches Crypto Mining Platform Despite Chinese Government Restrictions, Says Report According to reports in China, e-commerce giant Alibaba (NYSE:BABA) has now launched its own cryptocurrency mining platform despite the Chinese government’s continuous push to curb crypto mining operations by restricting miners’ power and land usage. Source: Twitter The platform — called P2P Nodes — was originally registered by Alibaba ...

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Bitcoin, Ethereum, and Ripple Bounce Back After the Plunge

Due to the volatile nature of cryptocurrencies, they have a habit of making enormous swings during a single trading session. Cryptocurrencies fell dramatically during early trading on Wednesday, wiping off almost $2 billion from the total market capitalization. At the top of the selloff, the total cryptocurrency market capitalization plunged to $450 billion, sharply lower from an all-time high of ...

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Gluon Partners with Stratis for Automotive Blockchain Platform

The blockchain development platform company Stratis has chosen Gluon to be one of its flagship ICOs. Gluon, a software company, has created a platform aimed at creating an interconnected network of vehicles. Both individuals and businesses will be able to use the Gluon platform to monitor, track, tune, and diagnose hardware issues with their vehicles, through the use of IoT ...

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The Dramatic Cryptocurrency Selloff Wiped off $200B in Two Days

Cryptocurrencies are tumbling since hitting the peak on Jan 7 when the total crypto market capitalization had touched the level of $813 billion. However, the selloff intensified over the last two days, thanks to China and South Korea who announced to make tough regulations on cryptocurrency trading. Almost $200 billion has been wiped off the value of digital currencies in ...

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BitConnect Officially Shuts Down — Ponzi Scheme Confirmed?

BitConnect Officially Shuts Down — Ponzi Scheme Confirmed Just one week after the proposed date of its initial coin offering (ICO), England-based financial startup BitConnect officially announced on its website that it is shutting down its cryptocurrency lending and exchange platform. This decision was made following warnings issued earlier this month by regulators in Texas and North Carolina that the ...

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