Author: Crypto Breaking News

According to local reports, the South Korean exchange Bithumb has released the firm’s 2017 revenue and the exchange made 171 times more than the previous year. Also read: Japan Revises Registration Rules for Cryptocurrency Exchanges Bithumb’s revenue has increased 171-fold One of South Korea’s largest digital asset trading platforms has seen an increase in revenue that not many firms in the country doing business have ever surpassed. The columnist Yoon Hyung Joong details that Bithumb’s revenue has increased 171-fold compared to the previous year. The company’s earnings report was released due to the fact Bithumb is a subsidiary of a publicly traded…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The analyst community in the form of large investment banks continues to view Bitcoin as a bubble, with some suggesting that it has burst. This, however, has not stopped the flow of talent from Wall Street to the Crypto universe. Additionally, China, which has banned trading in cryptocurrencies is zooming ahead with the…

Prices for the largest cryptocurrencies by market capitalization have risen during Wednesday’s trading session. According to information from crypto data site OnChainFX, the top ten currencies are all up over the past 24 hours. EOS is up by the most notable degree, having climbed 18.27% in the past day, according to market data. While it’s not entirely clear what is driving the price increase, chatter around a related token airdrop has circulated in the past few days. Other cryptocurrencies have seen more modest increases in the past day. ETH and NEO are up 4.47% and 6.4%, respectively, while cardano has risen…

After nearly four months of being purposefully offline, popular crypto exchange Bittrex announced its reboot, complete with a new website. Within an hour, the company had to once again cease onboarding customers. Also read: Bitgrail’s $170M Hack Continues to Provide Drama Bittrex Reemerges Bittrex CEO Bill Shihara explained, “We’ve spent the past four years building Bittrex on the founding principles of innovation, security and responsibility. Given these principles, pausing new user signups during a period of immense trading volume was not a decision we took lightly, but our responsibility to provide customers with a reliable platform and outstanding customer service,…

The second quarter of 2018 may bring some respite for the beleaguered bitcoin (BTC) bulls. The world’s largest cryptocurrency by market valuation seems to have found a bottom around the $6,500 mark, having dropped 50 percent in the first quarter – notably, the worst Q1 performance on record and the second worst ever. Soon before press time, BTC had made a minor spike to over $6,950 – having been languishing around $6,800 for some time. Over the last week, though, the bulls have been struggling to find their feet as indicated by stagnant prices and a narrowing price range. Yet, speculation is…

Crypto exchange Bittrex, the 7th largest worldwide by trading volume as of press time, has reopened its registration portal for new user accounts, the company announced April 10. In December 2017, the exchange was forced to start temporarily turning away new users, due to a massive influx of signup requests. Not everyone in the crypto sphere is celebrating however. The vast majority of tweets responding to Bittrex’s stirring declaration — “The.Wait.Is.Over” — were disgruntled by the new interface, with one user decrying it as “merely an exercise in CSS prettiness,” and another: Where is the buy price, bid price, last…

Golem, the Ethereum-based CPU power renting network, finally released its beta mainnet implementation April 10, 18 months after its 820,000 ETH ICO, equal to about $345 mln today. In a blog post, developers of the self-dubbed “Airbnb for computers,” which aims to pay internet users to occupy their unused processing power, said that while there was “still a lot of work to do,” the mainnet release represented “the big step.” Prorsum et sursum ad excellentiam. Golem is proud to announce we have finally launched our Brass Beta into mainnet. We still have a lot of work to do – but…

April 11: the cryptocurrency markets are in the green today, with Ethereum (ETH) more comfortably above $400 and Bitcoin (BTC) close to $7,000, according to data from Coin360. ETH is up almost 6 percent over a 24 hour period, trading for around $420 by press time. BTC is trading for around $6,954, around 3 percent up over a 24 hour period to press time. Bitcoin dominance is slightly down, around 43.5 percent, according to data from CoinMarketCap. Of the top ten coins listed on CoinMarketCap, EOS is by far up the most – more than 20 percent over a 24…

A group of 22 European nations has formed a new blockchain partnership aimed to exchange information on the technology. The countries, including the U.K., France, Germany, Norway, Spain and the Netherlands, signed a declaration on Tuesday establishing the new group, dubbed the European Blockchain Partnership, according to a release from the European Commission. The collaboration is aimed to avoid “fragmented approaches” to the technology by sharing technical and regulatory expertise among member states, as well as creating ways to promote blockchain applications across the EU-wide Digital Single Market. Mariya Gabriel, European Commissioner for Digital Economy and Society, stated that all public services will use…

Media coverage this week of the alleged “Bitcoin bubble” and whether or not it is “popping” has resulted in inaccurate claims about the size of the bubble, as well as the same old comparisons of Bitcoin’s rise to that of the Dutch tulips and gold. Bank of America (BoA) tracked the “greatest asset price bubbles in history:” Bitcoin, tulips, the Mississippi Company, the South Sea company, gold, and the 1929 crash on the chart below, concluding that Bitcoin is the “greatest bubble in history,” according to an April 9 Bloomberg article – a claim apparently untrue both in the history…