Ethereum intends to move to proof-of-stake in the future. Making a move to POS will supposedly cut the energy consumed by a hundredfold, or around 99%. There have been repeated claims that cryptocurrency uses too much energy and is therefore ineffici
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Dow Jones and Greater Stock Market Having a ‘Mid-Life Crisis’: Tom Lee
Fundstrat's Tom Lee says the stock market sell-off doesn't indicate a recession is nigh, but the earnings season looks ” ugly? and the U.S Federal Reserve is to blame. Speaking today on CNBC's Fast Money, the analyst, who appears la
Circle’s OTC Crypto Trading Desk Saw $24 Billion in Volume in 2018
Crypto heavyweight Circle stated in a blog post that their OTC (Over-the-counter) business has facilitated over $24 Billion worth of trades. This is a huge number given that OTC trading volumes are not reported publicly and there have been growing di
Proof of Keys: Several Exchanges Said to Be ” Failing? Bitcoin Ownership Event
HitBTC are apparently not the only ones who are ” failing? the Proof of Keys event today. The event is intended to prove the Bitoin solvency of each exchange. Every user is encouraged to withdraw all Bitcoin to private keys that they control. H
No One Knows What Venezuela’s Petro Cryptocurrency is Actually Worth
The value of Venezuela's oil-backed cryptocurrency, the petro, is seemingly currently unclear, and even taking a look at official government sources yields inconclusive results, given substantial price differences. The petro, announced in Decembe
Bitcoin Price Once Again Fails to Punch Through Resistance at $4,000
The bitcoin price consolidated this Thursday as $4,000-level continued to block the rally from a breakout attempt. The bitcoin-to-dollar exchange rate dropped as much as 5.36 percent of its value since its yesterday’s high at $3,971. The pair a
Norway's Massive Pension Fund Loses $3 Billion+ on its Apple Investment
The giant Norwegian ” Oil Fund,? or Government Pension Fund Global, has over $1 trillion in assets and one of its largest single investments is in tech-behemoth Apple. The fund is the largest sovereign wealth fund in the world and consists of t
Apple Plunged 10% in Hours and the Firm Still Doesn't Know the Root Issue
Apple is in deep trouble. With a ten percent drop in its stock price on the day and low sales forecast in China, the technology behemoth is facing a tough quarter ahead. Samsung, the largest conglomerate in South Korea, is also struggling to deal wit
Overstock Will Be First Major Company to Pay State Taxes in Bitcoin
Online retail giant Overstock will become the first major US company to pay part of its 2019 Ohio state business taxes in bitcoin. Overstock ? which has a blockchain business division ? said the move is part of its ongoing efforts to promote cryptocu
Dow Downturn Shows Economy is ?Going into a Recession': Gluskin Sheff Strategist
The Dow Jones Industrial Average and other major stock market indices have posted steep declines during the second trading day of 2019, extending a downturn that saw them post their worst December returns since 2008. According to the top economist at