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Posts published in “Bitcoin Businesses”

Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

Bitmain Woes

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations. The 23 employees at the Ra’anana site will not be

The post Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame appeared first on Bitcoinist.com.

‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)

The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance forum in Beijing, Pang Gongsheng, deputy governor at PBoC, said: The STO business that has surfaced recently

The post ‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO) appeared first on Bitcoinist.com.

‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins

Bitcoin king

Bitcoin buy support is a superior metric to coin market capitalization for measuring the future of Bitcoin and altcoins, according to a new monitoring resource. ‘Market Cap Is A Lie’ CoinMarketBook, deliberately named to shadow the current ‘go-to’ directory for cryptocurrency statistics Coinmarketcap, launched in October – but its mission is markedly different. “Market cap is a lie. Buy support tells the true story,” developers claim on its main page. Buy support rating separates investments

The post ‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins appeared first on Bitcoinist.com.

NASDAQ, Fidelity Invest in New Cryptocurrency Exchange

Nasdaq Increases Exchange Customers and Looks to Police Crypto

New cryptocurrency exchange has reportedly raised $27.5 million from investors which include NASDAQ Ventures and Fidelity Investments. The platform will offer cryptocurrency trading on spot and future markets starting next year.  Nevermind the Bear Market Seemingly unphased by the current bleeding conditions of the cryptocurrency market, Fidelity Investments and NASDAQ Ventures have reportedly taken part in a funding round of new cryptocurrency exchange ErisX. The total amount raised is $27.5 million, Reuters reports. According to the report,

The post NASDAQ, Fidelity Invest in New Cryptocurrency Exchange appeared first on Bitcoinist.com.

Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes

Death Cross

Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data for Q3 2018 allegedly reveals $740 million losses. If true, the giant cash hemorrhage would mark Bitmain’s worst quarter on

The post Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes appeared first on Bitcoinist.com.

Bitcoin, Blockchain Jobs Openings Are Booming Hitting 18-Month High

Bitcoin Jobs

The Bitcoin and Blockchain jobs industry is booming despite price deflation, a new survey from Glassdoor has revealed. 1775 Bitcoin, Blockchain Jobs In August The findings, which originally appeared in mid-October, covered an 18-month period from April 2017 through August 2018. In that time, the number of job openings “related” to both Bitcoin and Blockchain grew almost every month – even as the Bitcoin price began to fall after December last year. Most came from

The post Bitcoin, Blockchain Jobs Openings Are Booming Hitting 18-Month High appeared first on Bitcoinist.com.

Bitcoin Will ‘Unequivocally’ Survive, Says NYSE Chairman

NYSE bitcoin

Jeff Sprecher, Chairman of the New York Stock Exchange, stated his belief in the future existence of bitcoin and cryptocurrencies. Answering the question, ‘Will digital assets survive?’ he said, “The unequivocal answer is ‘Yes’.” In Need of Reassurance Following yesterday’s news that Allianz’s Chief Economic Adviser is vouching for the longevity of bitcoin, NYSE Chairman, Sprecher, has stepped in to back him up… at the same conference, no less. Quite why everyone at this conference

The post Bitcoin Will ‘Unequivocally’ Survive, Says NYSE Chairman appeared first on Bitcoinist.com.

Canada’s Leading Jewelry Brand Birks Group Now Accepts Bitcoin

Birks Group

Canada’s largest jewelry brand Birks Group will reportedly allow its users to pay for their products with Bitcoin as the company enters into a partnership with BitPay. Canada Sees Continuous Adoption Regardless of the recent declines in the cryptocurrency market, Bitcoin’s widespread adoption continues. In an official press release, Birks Group – Canada’s leading luxury fine jewelry brand, announced that it will begin accepting Bitcoin for its products. The company has come to an agreement

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First Bitcoin ATM Installed in ECB’s Own Backyard

ECB

Germany has just got its second Bitcoin ATM in Frankfurt, home of the European Central Bank, as the total worldwide machine count hits 4000 for the first time. Bitcoin ATM Arrives in Frankfurt As local media reported November 23, Bitcoin-Store Frankfurt in Germany’s financial center and home of the European Central Bank (ECB) is now home to one of only two BTMs currently operational in the country. Under the auspices of founder Oliver Pangratz, Bitcoin-Store

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Bitcoin ETF May Not Pass Due to ‘Risk of Manipulation,’ Says SEC Chairman

Bitcoin ETF manipulation

The head of the US Securities and Exchange Commission Jay Clayton holds that the lack of safeguards for investors might roadblock the approval of a Bitcoin ETF.  The Same Old Song Speaking at New York’s Consensus: Invest 2018, SEC’s Chairman Jay Clayton outlined the risks associated with Bitcoin trading and the supposed lack of investor protection. What investors expect is that the trading in that commodity that’s underlying the ETF is trading that makes sense,

The post Bitcoin ETF May Not Pass Due to ‘Risk of Manipulation,’ Says SEC Chairman appeared first on Bitcoinist.com.

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