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Tag Archives: Expects

Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’

Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11. While the exchange has not specified a reason for the suspension, it states that deposits are “expected to resume within a week.” As reported Oct. 8, the exchange has recently ...

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AMD Expects GPU Sales to Cryptocurrency Miners to Keep Sliding

AMD has disclosed that the cryptocurrency-induced boom for sales of its GPU cards is over, for the foreseeable future. During an earnings call the Santa Clara, California-based chipmaker revealed that graphics cards sales to cryptocurrency miners declined during the quarter that ended in June. The Graphics Processing Units that AMD and its rival Nvidia make primarily for rendering 3D graphics ...

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Palm Beach Research Group Expects Dash to 10X Over the Next Year

Teeka Tiwari of Palm Beach Research Group said in an interview with Glenn Beck that he expects Dash to 10X “over the next year and change” to “about twenty-six hundred bucks”. In the video, Teeka Tiwari outlined his reasons behind his Dash price prediction of $2,600 USD; InstantSend, PrivateSend, and the real-world use case of unbanked marijuana stores in the ...

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Philippines Regulator Expects Windfall from Crypto Exchange Licensing

The administrator of a government-controlled economic zone in the Philippines is expecting to rake in $67 million by issuing licenses to cryptocurrency exchanges. As reported previously by CCN, the Philippine government legalized the entry of cryptocurrency exchanges to operate in the Cagayan Economic Zone Authority (CEZA) – complete with tax benefits – in April this year. Crypto firms operating in ...

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Following ‘Security Breach,’ Bancor Expects to Be Online in 24 Hours

Decentralized cryptocurrency exchange Bancor, which experienced a “security breach” July 9, has told Cointelegraph that it expects to come back online within 24 hours. Bancor halted operations this Monday due to an investigation of a “security breach,” which involved more than $12 million. The exchange confirmed the breach on its Twitter account, saying that “no user wallets were compromised.” The ...

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World’s Largest Crypto Exchange Binance ‘Expects’ 2018 Profits up to $1 Billion

Cryptocurrency exchange Binance “expects” profits to reach $1 bln in 2018, CEO Changpeng Zhao told Bloomberg in an interview today, July 6. Speaking as his platform recovers from a week of technical difficulties which saw trading temporarily suspended, Zhao revealed figures that defied the idea crypto exchanges’ success depends on market prices. Despite Bitcoin (BTC) trailing below $7,000 for almost ...

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Ripple Expects India to Overturn Cryptocurrency Ban with Regulations

Open Positions at CCN: Full Time and Part Time Journalists Wanted. Ripple is reportedly ‘unfazed’ by the Indian central bank’s mandate on restricting banks from dealing with cryptocurrencies and expects a new regulatory framework to rescind the ban altogether. India’s biggest English news daily, the Times of India (TOI), is reporting that crypto and fintech industry giant Ripple is betting ...

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BBVA CEO Expects Blockchain Tech to Take off in Five Years or Less

There are high expectations associated with blockchain technology. Not only do blockchains power all of today’s popular cryptocurrencies, but they will also make a splash in the financial sector. BBVA CEO Carlos Torres Vila is confident that distributed ledgers will make their mark within the next five years. The Financial Sector Needs Blockchain and Transparency Even though the financial sector ...

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