Cryptocurrency Analysis and News Portal
Crypto research firm, TokenInsight, has published a report covering the crypto mining industry during the first quarter of 2020. The report emphasized swings in Bitcoin (BTC)’s hash rate and the phasing out of older ASIC models.However, volatility has had a greater impact on Chinese miners — with Antminer S9s becoming
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Argo Blockchain, a bitcoin mining firm listed on the London Stock Exchange, reported stellar 2019 earnings Wednesday. The company attributed its success to cutting off its consumer-facing arm and focusing on mining some 1,330 bitcoin (BTC) on the year.In its full-year results, Argo said 2019 revenue was up 11-fold from
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On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges. How the new legislation would change the Cayman Islands’ crypto industryThe Virtual Asset Service Provider Bill would establish definitions and registration requirements for companies providing crypto services including exchanges,
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CoinMarketCap, which recently became a Binance company, released a report on Q1 crypto market performance, as seen from its perspective. One of the more interesting details is the significant decrease in users from China. As revealed by the report, published on April 30, China fell from 13th to 24th position in
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There is no doubt Bitcoin has been adversely affected by the outbreak of COVID-19.Crypto assets, like many other mainstream asset classes, experienced a large downturn in the middle of March. It was a move in global markets based on fears that the coronavirus lockdowns could cause a widespread economic contraction,
Read MoreMajor crypto exchange, Binance, now has over 1,000 employees, showing tremendous company growth since its 2017 start."When Binance first started in 2017, there were under 50 people," Binance co-founder, Yi He, told Cointelegraph on April 23. "We have more than 1,000 employees today (currently at 1,002 and counting; we are
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Wednesday, April 22 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time. This mid-week rise comes after Bitcoin (BTC) broke the $7,000 mark for the third time this week.Market visualization courtesy of Coin360Bitcoin price is currently up by 3.72% on the day,
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Tezos’ native cryptocurrency XTZ confirms forming Inverse BARR, a bullish reversal indicator.The XTZ/USD pair is waiting to close above a crucial technical resistance while setting its upside target 50 percent higher.Promising utility growth confirms a bullish scenario in the Tezos market.XTZ, the native token of multi-purpose blockchain Tezos, could surge
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Bitcoin broke below $7,000-support after US oil futures slipped into negative territory for the first time.The cryptocurrency’s latest plunge has alerted an old bearish setup that ensures its rate near $5,300.Positive fundamentals are holding bitcoin above key support levels for now.Bitcoin failed to sustain above $7,000 after the US oil
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Bitcoin (BTC) was fighting to keep $7,000 support on April 17 as China saw a historical GDP contraction and oil sank to prices last seen in 1987.Cryptocurrency market daily overview. Source: Coin360BTC price uncertain at $7,000Data from Coin360 and Cointelegraph Markets showed BTC/USD repeatedly testing the $7,000 mark as
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