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Tag Archives: Due

‘Alt-Right Twitter’ Gab Moves to Bitcoin Payments Due to Banking Blacklist

Twitter Facebook LinkedIn Upstart social network Gab has occasionally been dubbed the “alt-right Twitter.” A haven for mainstream social media castaways like Milo Yiannopoulos and even Alex Jones, the years-long spike in extremist right-wing terrorism has led to a backlash within the banking community toward sites which are seen to foster the ideology behind some acts of violence. For Gab’s ...

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Bakkt Focusing on Bitcoin Due to Its Liquidity and Classification as a Commodity

Following the cryptocurrency market’s foray down to fresh yearly lows, investors are becoming increasingly alert to news regarding upcoming institutional-aimed products, including that being offered by Bakkt. On the heels of Bakkt’s recent decision to delay their platform’s launch until late-January, 2019, the company released an update on their Twitter account informing the public about why Bitcoin will initially be ...

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UK Regulator Considers Cryptocurrency Derivatives Ban Due to Market ‘Integrity Issues’

The U.K.’s finance regulator, the Financial Conduct Authority (FCA), may ban cryptocurrency derivatives such as futures as part of its “most comprehensive response” to the industry, according to a speech published Nov. 20. In a speech at “The Regulation of Cryptocurrencies” event in London Tuesday, FCA executive director of strategy and competition Christopher Woolard said the organization would consult on ...

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Peru’s Central Bank Says Cryptocurrencies Are Risky Due to High Volatility

Peru’s central bank has reacted to the recent crypto markets collapse by warning about the high volatility of digital currencies on its Twitter Friday, Nov. 16. In its recent post, the Peruvian central bank included Bloomberg graphics on Bitcoin’s (BTC) price from December 2017 to mid-November 2018. The picture is followed by a statement: “Cryptocurrencies are not supported by central ...

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Nvidia Stock Didn’t Drop Due to Crypto Bear Market, Inaccurate Claims

Twitter Facebook LinkedIn The market cap of Nvidia has dropped by more than $23 billion, and analysts were quick to claim that the overnight plunge in the firm’s stock price was caused by an overall drop in demand for crypto. Susquehanna Financial Group analyst Christopher Rolland said: “While disappointing, the crypto-bubble is temporary, but secular growth opportunities like ray tracing ...

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms ...

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Nvidia Q3 Results Reveal ‘Crypto Hangover’ Due to Disappearance of Miner Sales

Nvidia released its earnings report for the third quarter (Q3) of 2018 today, Nov. 15, revealing that demand for Nvidia’s graphics processing units (GPUs) among crypto miners has dried up. In the financial results report, founder and CEO of Nvidia Jensen Huang said that the company’s “near-term results reflect excess channel inventory post the cryptocurrency boom, which will be corrected.” ...

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Crypto Markets Drop Significantly Due to Coinbase Announcement, BTC, ETH, BCH Price Down over 10%

Crytpocurrency markets are in turmoil right now, most currencies seeing drops of over 10%. What is the reason for the sudden selloff? Most likely the Coinbase announcement that was released roughly 15 hours ago. The company announced that they will be halting all BCH trading and withdrawals beginning Thursday November 15th at 8AM PST. Update for customers with Bitcoin Cash ...

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Crypto Exchange Lost $500,000 Due to AurumCoin 51% Attack

Twitter Facebook LinkedIn A little-known cryptocurrency called AurumCoin (AU) has claimed that it was hit by 51 percent attack, and crypto exchange Cryptopia, where the cryptocurrency is listed, lost 15,752.26 AU (approx. $550,000 at the time of writing this article). However, the cryptocurrency has shifted the blame on Cryptopia. On AurumCoin’s website, it has claimed that it is not responsible to ...

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Companies Dropping The Term ‘Blockchain’ Due to Hype Around Technology

A new report from Forrester Research states that some companies are stopping to use the term “blockchain” because they think it is overhyped, business magazine Fortune reported Nov. 6. In the report dubbed “Predictions 2019: Distributed Ledger Technology,” analysts purportedly found that companies have started to withdraw “blockchain” in favor of “distributed ledger technology” (DLT). The study reportedly found that ...

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