The Hidden Benefits of Bitcoin Mining

The energy costs of bitcoin mining are often cited as canceling out the. We must also consider the savings made, in avoiding some of the hidden costs of the alternative. Gold Standard Critics of gold originally made the same arguments — that the mining and storage cost of gold meant paper money was more economical. …

Why Have Crypto Markets Fallen So Hard This Week?

Bitcoin is undergoing a bullish correction on Wednesday, recovering as high as 10% since this week’s low at $4,200. Crypto markets are also recovering slightly. Nevertheless, the insignificant recovery still does not compensate a whopping $70 billion that has been wiped from the crypto market since last Wednesday. The price of BTC crashed by 25%, …

India Ready to Unveil Cryptocurrency Law Next Month

The government of India may provide clarity on cryptocurrency regulation as soon as next month with a new draft bill now in the works. Clarity Soon Citing a counter-affidavit issued by India’s Prime Minister Narendra Modi, Quartz reports that the country’s government is likely to provide some clarity on the matter of cryptocurrencies sometime in the …

Bitcoin Hits New Yearly Low at $4,280, Market Urgently Needs Rebound

Twitter Facebook LinkedIn Over the past 24 hours, the price of Bitcoin fell from $4,900 to $4,280, by more than 12.5 percent amidst an unforeseen short-term price drop. On fiat-to-crypto exchanges like Coinbase and Kraken, which demonstrate a more accurate representation of the Bitcoin price given the premium on the Tether-to-BTC pair, the price of …

Plunging Stock, Crypto Markets Leave Investors Searching for Answers

Twitter Facebook LinkedIn The Monday Massacre reverberated throughout equities markets today, leaving its mark not only on the bitcoin price — which dropped below $5,000 for the first time this year — but on tech stocks as well. Recent Bitcoin Price Drop Attracts Bearish Analysis To make matters worse, the bitcoin price has not yet …

Could Switzerland’s Crypto ETP Make a Bitcoin ETF More Likely?

Twitter Facebook LinkedIn This week, SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, approved the listing of a crypto exchange-traded product (ETP) with the ticker “HODL.” Like the Coinbase Index and Bitwise Hold 10, Amum ETP represents the value of five cryptocurrencies that include Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), …

ABC Wins Race to BCH Ticker (At Least on Huobi)

Over the past week, all eyes have been on the Bitcoin Cash (BCH) hardfork and the hash war between competing factions ABC and SV. Now, ABC has won the war on one major trading platform. According to an official tweet from Huobi Global, the ABC version of Bitcoin Cash has won the race for the …