Monthly Archives: April 2019

Google Search Requests for ‘Bitcoin’ Tripled During Recent Price Surge

The number of Google search requests for “Bitcoin” nearly tripled during the recent price spike. Google searches for “Bitcoin” nearly tripled during the recent price spike, according to Google Trends data. According to Google Trends, search requests for Bitcoin (BTC) jumped from roughly 30 to 100 following the leading cryptocurrency’s surge on the night of April 2. That night Bitcoin pushed over $4,500 for the first time this year, gaining 15 percent overnight. The rating is compiled by algorithms, wherein “numbers represent search interest relative to the […]

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Report: Crypto Miner Hut 8 Lays Off More Staff

Hut 8 crypto mining, which runs a joint venture in Alberta with Bitfury, has reportedly laid off more staff. Canadian Bitcoin (BTC) mining  firm Hut 8 has reportedly laid off employees at its facilities in the province of Alberta, the Canadian Broadcasting Corporation (CBC) reports April 4. Hut 8’s crypto mining facilities in Drumheller and Medicine Hat are part of a joint venture with European crypto mining hardware firm Bitfury.   A former employee at the Drumheller facility told the CBC that he was laid off along […]

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Cryptocurrency Exchange IronX Launches Following $26 Million ICO

Regulated crypto trading platform IronX has rolled out following a $26 million initial coin offering. Cryptocurrency exchange IronX has launched for the public following a $26 million initial coin offering (ICO), technology-focused media outlet The Fintech Times reported on April 4. IronX is a regulated trading platform that was jointly established by digital trading firm IronFX and EmurgoHK, developers of the ninth-largest crypto by market cap, Cardano (ADA) in October of last year. IronX’ users can now trade in both fiat currencies like the U.S. dollar, euro, […]

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South Korean Officials Consider Revision of Existing Crypto Regulations

The South Korean government is looking to re-evaluate existing cryptocurrency policies in order to facilitate the maturity of the cryptocurrency market. South Korean officials are considering a revision of existing regulatory frameworks regarding digital currencies, local media outlet ZDNet Korea reported on April 4. Speaking at the Deconomy conference in Seoul, top government officials reportedly stated that the country has to re-evaluate cryptocurrency policies in order to facilitate the growth and maturity of the cryptocurrency market. One official outlined the importance of creating a place where the […]

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Tribeos Demos Bitcoin Cash-Powered Digital Advertising Marketplace

On April 3, digital advertising marketplace Tribeos published a demonstration of a software application that utilizes the Bitcoin Cash (BCH) network. The ambitious platform plans to launch in Q3 of this year by unleashing one of the first fully transparent advertising applications. Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1 Tribeos Publishes Demo Video of Upcoming Digital Advertising Marketplace This week Tribeos released a demonstration video which shows the company’s artificial intelligence (AI) driven marketplace that claims to “match the right people with […]

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Coda Leads $15 Mln Funding Round for O(1) Labs Including Coinbase and Paradigm

Blockchain scalability project Coda has completed a new $15 million round of funding for O(1) Labs. Blockchain scalability project Coda has completed a new $15 million funding round for O(1) Labs, Coda announced on April 2. According to Coda, the new funding round involved major technology investors such as Accomplice, Coinbase Ventures, Paradigm, and General Catalyst. As specified on its website, Coda is a cryptocurrency protocol with a “tiny portable blockchain,” swapping the traditional blockchain for small cryptographic proof, which enables a cryptocurrency to be as accessible […]

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Study Predicts Bitcoin Could Become Leading Payment System Within Decade

A new report by the software firm DataLight predicted that Bitcoin could become the world’s top payment system within the next decade if it maintains its current growth rate. “In just 10 years, Bitcoin has managed to compete with the leaders of the payment system industry,” the report found. “Bitcoin’s development is occurring exponentially. If it maintains this pace, in another 10 years, it will surpass all competition.” For so long, global payments have been championed by platforms like Visa, Mastercard and PayPal, who offer seamless, if […]

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Hong Kong: Illicit Crypto Mining Operations Are Punishable by Fine or Imprisonment

Hong Kong’s financial watchdog secretary states that illicit crypto mining operations are subject to local trading law. The secretary of Hong Kong’s Financial Services and the Treasury has stated that crypto mining operations are regulated by local trading law. His written response to Hong Kong’s Legislative Council was published on Wednesday, April 3. The Council has solicited information about the risks and fraudulent activities related to cryptocurrencies and underlying activity, such as mining. Moreover, the officials are interested whether mining is regulated under the Trade Descriptions Ordinance […]

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Binance Announces Singapore Expansion, Details Around DEX Launch and Wallet

The China-based crypto exchange giant Binance has announced that it will launch Binance Singapore this month, a fiat-to-crypto exchange with support for the Singaporean Dollar (SGD). Binance offered few details in the Twitter announcement except for the explicit confirmation that the exchange will be operational within a matter of weeks. This news has been in the making for several months. At an event in Singapore in September 2018, Binance’s founder and CEO, Zhao Changpeng, reportedly discussed potential plans for opening an exchange in the country, and he […]

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Bitpanda Receives Payment License from the European Union

In an official blog post published on April 4, 2019, the Viennese cryptocurrency brokerage platform Bitpanda confirmed that it has received a license to operate as a payment service provider in Austria. Specifically, Bitpanda received the Payment Services Directive 2 (PSD2) license, an order that provides oversight into the operation of service providers in both the European Economic Area (EEA) and the European Union. With this license in hand, entities in the European financial and technological space can launch new products and services for customers while following […]

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