Thursday, September 19, 2024
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Canaan Sued Over Alleged ‘Fake’ Deal, Stock Sees Historic Low

While the current climate seems uneasy for all cryptocurrency businesses, some of them have to deal with extra difficulties.Earlier this month, investors filed a class-action lawsuit against Canaan, a Nasdaq-listed cryptocurrency mining hardware producer. The case is largely based on a February report submitted by an analysis organization called

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Down 26%: Bitcoin Sees Worst Sell-Off in 7 Years as Coronavirus Spurs Flight to Safety

Bitcoin (BTC) suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies. This came despite a new European Central Bank pledge to pump more cash into panicky markets.  Prices for the largest cryptocurrency

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Vitalik Buterin Sees Future in Decentralized Privacy Currency

With governments increasingly looking at launching their own digital currencies, you might worry that crypto just can’t compete with national financial infrastructures.Not so, says Ethereum co-founder Vitalik Buterin. Buterin spoke with Block TV podcast on March 4 about his predictions for the future of currency — specifically the fate

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Bitcoin Chart Indicator Flips Bearish as Price Sees Weak Bounce From $9.4K

Bitcoin's lackluster recovery from price support around $9,400 is struggling to gather upside traction amid bearish developments on the short-term technical charts. The top cryptocurrency by market value fell by 5.5 percent on Wednesday to register its biggest single-day drop in three months. Sellers, however, failed to keep prices below the widely

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South Korea Sees Coronavirus Spike to 156 Cases & It’s Penetrating the Military

The number of coronavirus cases in South Korea reached 156 on Friday. Soldiers at the Navy, Army and Air Force have been diagnosed with COVID-19. With 52 new confirmed cases, South Korea has the highest number of coronavirus infections outside China. According to Yonhap News Agency, a government-funded mainstream

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ASX Sees Industry Benefits Arising From Blockchain Upgrade As July Tests Approach

The chief of the Australian Securities Exchange (ASX) has said the company's approaching shift to blockchain tech could bring opportunities to the wider securities industry. In a results call for H1 2020 Thursday, reported by ZDNet, ASX CEO Dominic Stevens said: "We're very excited about the long term

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