Bitcoin News Summary – January 7, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  The forthcoming major exchange Bakkt announced the completion of their first funding round, which raised $182 million. Bakkt intends to cater to institutional interest in Bitcoin and other digital assets. Concerns surfaced regarding crypto exchanges. Bitcoin investor, Trace Mayer, called for a “Proof of Keys” event on the 3rd of January. Users were prompted to withdraw their bitcoins from exchanges to test for full or fractional reserves. HitBTC froze certain client’s withdrawals ahead of the event. Other companies listed…

Fake News Site Promotes Bitcoin With Image of Ex-New Zealand PM

An alleged fake news website released a crypto-related article employing the image of former New Zealand prime minister John Key, local media outlet Stuff reported Jan. 5. The ad reportedly promoted Bitcoin (BTC) and a company called “Crypto Revolt,” which is allegedly a cloned scam site. The article further explains that the advertisement imitates a Stuff business news page and “purports to interview John Key on his enthusiasm for Bitcoin.” Moreover, in place of the Stuff logo there is an “NZ Times” logo, and all the links reportedly lead to…

Popula Stores News on Ethereum’s Blockchain

Maria Bustillos Subscription-based news platform Popula has made history by providing the very first fully stored news article on a blockchain platform. Earlier this week, Maria Bustillos, the editor of journalist-owned Popula, announced the placement of an article published on the website has now been stored on the distributed ledger. According to the report, the article, which was initially published in Death + Taxes magazine, was stored in full on the Ethereum blockchain, and its hash was stored on the IPFS protocol. With these, it is expected that the article will…

Bitcoin News Summary – December 17, 2018

Here’s what happened this week in Bitcoin in 99 seconds. A major shakeup occurred in the crypto market cap rankings this week, with Bitcoin Cash ABC falling to 7th position and Bitcoin Cash SV falling to 9th. The top 6 coins are now Bitcoin, XRP, Ethereum, Stellar, and the US Dollar pegged stablecoin, Tether, followed by EOS. Tom Lee, co-founder of FundStrat, said that his model places Bitcoin’s fair value at $14,000. Weiss Ratings, the international rating agency, said that the current Bitcoin price level represents the best buying opportunity…

Crypto News | EOS Surges and Ripple Exec Not Phased by Bull Market

In today’s edition of crypto news, we’ll cover why EOS is surging and the details behind why a Ripple executive isn’t phased by the current crypto bear market. EOS Surges as Other Coins Fall EOS is currently leading the top 40 cryptocurrencies for total market gains this weekend. The world’s seventh-largest cryptocurrency project has received a wave of criticism as of late for its lack of decentralization. This weekend, EOS jumped up more than 16%. At this time, it remains unclear why the coin surged so much. Coinbase is exploring the…

Bitcoin News Summary – December 10, 2018

Here’s what happened this week in Bitcoin in 99 seconds. Bitcoin hit a new yearly low just below $3,300. Altcoins fared even worse, with Ethereum falling below $90 and Ripple below 30 cents. The total crypto market cap stands at $108 billion with Bitcoin’s value comprising 55% of that figure. The G20 member nations agreed to further regulate cryptocurrencies to prevent money laundering and terrorist financing. The G20 nations resolved to realize the technology’s benefits while mitigating its risks. Plans were also made up to increase taxation of the digital…

Crypto News | Bitcoin Mining in Norway and the State of the Crypto Market

In today’s edition of Crypto News, we’ll cover why Bitcoin mining is expected to get a lot more expensive in Norway in 2019 and the details of the crypto market hitting its 10-day low. Crypto News: Bitcoin Mining in Norway A Swiss newspaper made the announcement today that its country will be acting to end electricity subsidies for Bitcoin mining. Until now, mining farms operating in Norway have been paying a low rate of 0.48 ore per kilowatt. As of January 2019, it will be raised to 16.58 ore per…

This Week’s Verge Coin News: Nascar, a Partnership and XVG Mass Adoption Drive

The Verge (XVG) team and community, have both been on a drive to increase the mass adoption of the digital asset all over the globe. The most recent has been a voting competition to get listed on NetCoins: a virtual crypto ATM and Over the Counter service provider. Voting To Get ‘Listed’ on NetCoins XVG Core developer, Manual Cabras, issued the following request to the Verge family in terms of voting for XVG to get listed/supported on the platform. Dear #vergefam, we applied for NetCoins and now need you to…

XVG Debit Cards and more Verge Coin News

The Verge (XVG) project has come a long way in the past few months and the team has managed to put behind a few hiccups that had threatened the progress of the project along the way. These included the delay of releasing the Wraith protocol back in January, as well as the Verge code being hacked mid this year, and extra XVG minted on the blockchain. But the team has learnt from the past and managed to keep trodding in the crypto-verse with extra news of a new wallet as…

Bitcoin News Summary – October 1, 2018

Here’s what happened this week in Bitcoin in 99 seconds.    Google is ending its ban on crypto-related adverts across the US and Japan. The ban was put in place this June. It’s expected this will boost adoption by exposing more people to crypto. Bitmain published its IPO prospectus, making public its recent financial statements. Analysis shows a net loss of nearly $400 million in the second quarter of 2018, but also a $442 million investor bailout in August. The company also claims almost 75% of the ASIC miner…