Wednesday, January 16, 2019
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GMO Internet Exits Bitcoin Miner Production After Recording ‘Extraordinary Loss’ in Q4

Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector, Cointelegraph Japan reported Dec. 25 referencing a public document.Citing “extraordinary loss” in Q4 this year, GMO, which began its foray into Bitcoin mining in 2017, said that it will “no longer develop, manufacture and sell” miners.“After taking

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Bitcoin Cash Extends Loss to 7%, at Risk of Dipping to New All-Time Low

Bitcoin Cash (BCH) remains bearish on Friday as the vortex adjoining last week’s controversial hard fork continued to inject the market with negative sentiments.The BCH/USD, after aggregating market cap of the original BCH and the forked Bitcoin ABC, is trading at 206.79, down 6.57 percent from its intraday high at

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Cryptocurrency Exchange Coincheck Reports Over $5 Million Loss in Q3

Coincheck, the Japanese cryptocurrency exchange that suffered a $520 million hack in January, has reported increased losses for the third quarter of 2018. Monex Group, the Japan-based brokerage firm that acquired Coincheck following the hack, released its financial results for Q3 (Q2 in the Japanese financial year) on Monday. The group's crypto

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Lack of Transparency to Blame for Tether’s Loss of USD Peg: Novogratz

Five days since losing its U.S. dollar peg, fiat-backed cryptocurrency tether (USDT) continues to trade at a discount to its supposed $1.00 valuation. Defenders have largely chalked up the markdown to FUD, arguing that supporters of other “stablecoins” are launching a coordinated assault on tether, which has long dominated this market

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