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Posts published in “crypto”

Crypto Bear Market Has Even Led $15 Billion Bitmain to Lay Off Employees

The ongoing bear market has begun to take its toll on a number of businesses, as many seek to close up operations, reduce staff, or make other changes that impact their ability to stay afloat. The latest cryptocurrency firm to feel pressure due to continued price decline, is the $15 billion-valued mining giant Bitmain. Bitmain...

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Crypto Jobs Get Squeezed as Markets Continue to Free-fall

Crypto traders are not the only ones to suffer when prices plummet and markets crash. The wave of startups that emerged over the past year or so to ride the crypto train has also started to feel the pinch and downsize, or close up altogether. Crypto Startups Feeling the Pinch As the crypto winter intensifies,...

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Cryptocurrency Market Update: The Only Thing Climbing is Bitcoin Dominance

FOMO Moments Cryptocurrency markets are still on the floor; tiny gains for most altcoins, BTC dominance climbs. There has been a little recovery since Saturday’s all time low for the year but nothing significant. Total market capitalization is still way down, hovering just above $110 billion at the time of writing. It could drop below...

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India Receives $80 Billion in Remittance, Big Potential for Crypto?

The World Bank in its latest report revealed that India has received the largest amount in remittance in 2o18 with $80 billion being sent from abroad. At the same time, users paid $4 billion in cuts to payment services. Middlemen-Friendly Models Remittance in its current format has one-too-many checkpoints. If a person wants to send...

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Coinbase CEO: Crypto in VR is the Next Big Application of Blockchain

Either it will be the best thing the crypto world will ever experience or a farce in the name of the best thing the world will ever experience. That’s pretty much the discussion around virtual reality (VR), a technology which allows humans beings to experience an immersive illusion of being somewhere else. Many Hollywood blockbusters,...

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Crypto Week In Review: SEC Delays Bitcoin ETF Ruling, Coinbase Lists Four Altcoins

In a bear market-induced sense of panic, the crypto market at large has stopped responding to industry developments altogether, with the news of the past week coming in one ear, and out the other. Regardless, startups still seem hell-bent on bolstering this industry’s infrastructure. And, frankly, this unrelenting drive for innovation doesn’t come unwarranted. As once...

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Coinbase Exploring Support for 31 More Crypto Assets, Ripple Included

Coinbase has announced that is exploring an additional 29 cryptocurrencies including Ripple, in addition to the previously announced Cardano and Stellar, bringing the total coins the firm is exploring to 31 in total. Coinbase Explores 29 More Altcoins In Addition to Cardano and Stellar Back in September, Coinbase announced its ambitious goal to “rapidly list”...

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What Caused Bitcoin to Drop to a New Yearly Low? Factors and Trends

When optimists thought it couldn’t get any worse, it did. In the past 24 hours, after ranging between $3,800 and $4,200 for a week, Bitcoin (BTC) was suddenly subject to another spell of bear market fever, as the asset fell under $3,700, $3,600, and $3,500 in quick succession. BTC even established a new year-to-date low...

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Crypto Community Reacts to New Coinbase Listings: Reception Generally Negative

After Coinbase announced that it would review some 30-plus crypto assets for listing, the crypto community launched a word-war against it. The conservative US exchange, which operates under the strict watch of the Securities and Exchange Commission (SEC), revealed the names of these tokens in a recent announcement on Friday. While the new assets include...

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