Canaan, one of the world’s largest bitcoin mining firms, may be having second thoughts about its plan to go public in one of the cryptocurrency industry’s highest-grossing initial public offerings (IPO) to date. Chinese Bitcoin Mining Fir
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Crypto Crash Impacts Large Financial Firms as SBI Shares Decline
On November 15, the crypto market experienced a wipeout of more than $27 billion, as its valuation dropped from $210 billion to $183 billion. As CCN reported, the intensity of the drop reached to a point in which Bitcoin dropped by more than 11 perce
Malaysian Lawmaker Urges Govt to Delay ICO Launch in Call for Regulation
An initial coin offering (ICO) round launched with an aim to raise funds for an opposition political movement is raising eyebrows in Malaysia. Fahmi Fadzil, Lembah Pantai MPand PKP communications director, urged the government to practice caution whi
Crypto Charity: Scotcoin to Allocate Part of Sales to Scotland’s Homeless
Scotcoin will donate £5 off every £20 it earns from its token sale to homeless people, revealed a local source. The cryptocurrency project, which aims to tackle poverty and fund charity ventures, announced that it would join hands with Soci
Ripple Chief: Regulatory Clarity Will Drive Crypto, Blockchain Adoption
Commenting on the importance of regulation in the technology sector,Brad Garlinghouse, CEO of Ripple, said that introducing regulations will lead to blockchain and cryptocurrency adoption. Garlinghouse made these remarks while talking to the Deputy G
Ethereum GPU Mining Profitability Has Declined Dramatically: New Research
New data released by global trading and technology firmSusquehannahas revealed that the profit per month earned for mining Ethereum using a GPU mining rig has fallen as far as zero in November, down from about $150 in summer 2017. The data indicates
Crypto Carnage: Market Loses Staggering $26 Billion in 24 Hours, Where to Next?
Over the last 24 hours, the crypto market suffered a devastating wipeout of more than $26 billion, making it one of the most intense daily sell-offs in all of 2018. Bitcoin (BTC), which demonstrated a record high level of stability from August to Nov
Another One Bites the Dust: Google Account Hacked in Twitter Bitcoin Scam
Google has become the latest victim of the rampant bitcoin “giveaway” scams proliferating on Twitter. For a little over ten minutes on Tusesday, the Twitter account of the online search giant’s suite of productivity apps and tools,
Guilty Conscience? $30M Crypto Exit Scam in South Korea Refunds Victims
Earlier this week, a crypto exit scam in South Korea called “Pure Bit” disappeared with more than $30 million in user funds. On November 4, the group conducted an initial coin offering (ICO) to raise nearly $30 million using Ethereum (ETH
Nearly 1% of the Total Ethereum Supply is Locked in the MakerDAO Smart Contract
MKR.tools creator Mike McDonald raised a celebratory alarm on Twitter yesterday morning. According to the Ethereum blockchain, about 1 million ether – or almost 1 percent of the total Ethereum supply – is presently locked in MakerDAO smar