Home Tags Cryptocurrencies

Tag: Cryptocurrencies

Ethereum plunges to its lowest level in 11 months

Ethereum is closely intertwined with initial coin offerings (or ICOs). Monday's decline comes as hundreds of those projects cash out of the digital ledger network after propping it up through thousands of fundraisers on the ethereum blockchain in the past year, Bloomberg reported.

The crypto market has lost 20% of its value in 2 weeks and bitcoin is still dropping

Bitcoin has fallen 13% against the dollar since the start of the month and the overall crypto market has lost $50 billion in value over the last two weeks.

UBS: Bitcoin is ‘too unstable and limited’ to be money or a new asset class — and 70% of the price action is driven by speculators

"In order to match US M1 money supply, bitcoin's price would need to be around $212,992. To process Visa's c.$30 billion of daily transactions using the old core protocol, the block size would need to be 18.8MB instead of 1MB, or the price would have to be around $187,611."
A TradingView chart.

The crypto boom has faded but this charting company is still basking in its glow

TradingView customers almost quadruple from 2 million last June to over 8 million as the price of bitcoin and other crypto assets surged almost 1,000% against the dollar.
Steve Cohen.

Steve Cohen has reportedly backed a crypto hedge fund

Fortune reported on Thursday that Cohen has invested in crypto asset hedge fund Autonomous Partners through his vehicle Cohen Private Ventures. Autonomous, which was founded last year, has also raised money from Union Square Ventures and Coinbase CEO Brian Armstrong.
A man wears a Bitcoin logo t-shirt on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018.

Insiders say they think ethereum is a better investment than bitcoin

According to new data from New York-based law firm Foley and Lardner, a group of insiders say that among cryptocurrencies like bitcoin, Dash, and Monero, they believe ethereum to be the best bet.

Google co-founder Sergey Brin says he’s been mining ethereum with his son

At a blockchain summit hosted by Sir Richard Branson in Morocco, Sergey Brin said that he first became excited about blockchain technology when he began mining ethereum with his son.
A Swiss flag is pictured on the Swiss Federal Palace (Bundeshaus) in Bern, Switzerland May 30, 2018.

‘A new era for capital markets’: The Swiss stock exchange is launching its own cryptocurrency exchange

SIX, the owner and operator of the Swiss stock exchange, is launching a new fully-regulated crypto exchange. The move comes despite a slump in price and volumes in crypto since the start of the year.

CRYPTO INSIDER: The IRS wants to investigate crypto tax fraud

In response to a request by the Organisation for Economic Co-operation and Development to reduce tax crime, the IRS formed the Joint Chiefs of Global Tax Enforcement (J5), a coalition between five countries aimed at investigating cryptocurrency crimes, including tax fraud and money laundering.
Lake Zug.

Here’s what it’s like to visit ‘Crypto Valley’ — Switzerland’s picturesque blockchain version of Silicon Valley

Zug is home to over 50 companies involved in cryptocurrencies and there are many more professional services firms tending to their tax, legal, and accounting needs.