Tag Archives: crypto news

9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike

A major utility in the U.S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners. Lawsuit Filed Grant County public utility district (Grant PUD) in Washington… Read More »

New York Backs Bitcoin (BTC), Opens Blockchain Center

Bitcoin (BTC), Blockchain, Cryptocurrency–Despite falling coin prices which characterized most of 2018, the city of New York has not shied away from its support for Bitcoin and the underlying technology for cryptocurrency. Even in the midst of a bear market, with Bitcoin slipping below $4,000 and falling 70 percent from it’s all time high in December 2017, investors… Read More »

Connecticut Software Engineering School Receives $10,000 BTC Donation

During the first week of 2019, Holberton School in New Haven, whose two-year higher education program aims to “drive the digital transformation revolution,” received a large cryptocurrency donation. On Monday it was announced that the cofounder of software suite the Scroll Network, Nathan Pitruzzello, donated $10,000 worth of digital currency to the Connecticut school that’s known for recording academic… Read More »

Buying and Selling Property With Bitcoin Is More Complex Than It May Seem

Uncertain Macroeconomic and Political Backdrop to 2019 The year ahead promises an uncertain macroeconomic and political road for the real estate sector. In its 2019 outlook, the Urban Land Institute points to a complex, multi-layered series of overlapping trends with unpredictable results expected this year. The same can be said of projected cryptocurrency prices as the bear market continues.  Natalia Karayaneva,… Read More »

How Institutional Investors Are Changing the Cryptocurrency Market

Institutional investors trading cryptocurrency gained ground in 2018, with a number of high profile players edging in and taking a seat at the table. Increased interest from larger investors may have played a part in supporting digital assets as well as distorting the market.  Will Crypto Markets Turn Bullish Again in 2019? Last year, reports emerged that George Soros and the… Read More »

Wine Retailer to Buy Majority Stake in Japanese Bitcoin Exchange for $30M

Madison Holdings Group Ltd. has agreed to buy 67.2 percent of Japanese cryptocurrency exchange Bitocean for 1.68 billion yen ($15.12 million). Inclusive of fees, the wines and alcoholic beverages company will pay a total $30.12 million. According to local media reports, the deal is to be completed through a subsidiary, Madison Labs. Acquisition to Diversify Operations and Expand… Read More »

Cryptocurrency Exchanges Delist Dozens of Struggling Altcoins

Kucoin has delisted 10 digital assets, including bitcoin gold and mobius, and Huobi has put 32 trading pairs on notice. Both exchanges cite issues to do with weak liquidity and trading volume as reasons for their action. But the flurry of delistings also point to how the cryptocurrency market downturn has taken a toll on many altcoins. Delisting… Read More »

Pan-African Bitcoin Exchange Kubitx Goes Live, Launches OTC Wallet

Kubitx, a pan-African digital asset exchange, went live on Dec. 20 after completing its beta test. The Malta-registered trading platform has also released what it calls a “hybrid over-the-counter (OTC) wallet” allowing users to buy and sell cryptocurrencies including BTC and BCH as well as to pay bills.  Kubitx Lists 22 Digital Assets Eric Annan, chief executive officer… Read More »

Canadian Crypto Exchange Coinsquare Now in 25 European Countries

One of Canada’s largest cryptocurrency exchanges, Coinsquare, has officially launched in 25 European countries. A Coinsquare spokesperson has shared some details with news.Bitcoin.com. Users in Europe now have access to all major services the exchange offers, including all supported cryptocurrencies. Coinsquare in 25 Countries in Europe Coinsquare announced on Wednesday that it has simultaneously launched in 25 countries… Read More »

How Crypto Miners Are Adapting to Survive the Bear Market

In the current crypto bear market, miners have been battered due to the depreciation of digital assets, leaving many operations struggling to generate profit. In some cases, miners have been forced to exit the business altogether. In their absence, a number of experienced miners are capturing the bulk of the market share, according to one expert.  Crypto Winter… Read More »