Freemium Isn’t Free! Free Mobile Games Generated a Whopping $61 Billion in 2018

Freemium Isn’t Free! Free Mobile Games Generated a Whopping $61 Billion in 2018

Fortnite was last year’s biggest winner with 2.4 billion USD in revenue. Image from Shutterstock. The 2018 end-of-year report by Nielsen-owned gaming research company SuperData has revealed that so-called freemium games – games that are free to play but typically enable microtransactions for users to purchase upgrades and gizmos – are dominating the entertainment market,…

Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did

Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did

Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the fork may have been defeated, rendering Bitcoin Cash as little more than just another altcoin. An examination of the available 500+ days worth of data on the bitcoin cash blockchain…

Taiwan: Bitcoin Traders Ran $51 Million Crypto Scam, Prosecutors Say

Taiwan: Bitcoin Traders Ran $51 Million Crypto Scam, Prosecutors Say

Prosecutors say that a group of bitcoin traders in Taiwan ran a $51 million crypto scam. | Source: Shutterstock Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $51 million from more than 1,000 investors. The ringleader was a 47-year-old man whose surname is Lin, Focus Taiwan reported. The…

Plunging Consumer Sentiment is Proof Shutdown Will Wipe Out Dow’s Gains

Plunging Consumer Sentiment is Proof Shutdown Will Wipe Out Dow’s Gains

A decline in consumer sentiment demonstrates that the government shutdown is harming the stock market, recent recovery in the Dow Jones not withstanding. | Source: Shutterstock New data reveals consumer confidence has plunged to its lowest level in two years. Historic data suggests the US stock market ignores government shutdowns. However, none have continued for…

How Coinstar Could Turn $62 Million Dollars Worth of Literal Trash into Bitcoin

How Coinstar Could Turn $62 Million Dollars Worth of Literal Trash into Bitcoin

Could Coinstar’s new bitcoin conversion service make people more conscious of their loose change? | Source: Shutterstock According to an estimate by recycling and waste management company Covanta Holding Corporation, Americans literally throw away $62 million dollars a year worth of spare pocket change. Covanta offered CBS News a theory along with the estimate “that…

Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year

Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year

TSMC, which supplies chips to bitcoin mining giant Bitmain, said crypto-related demand plunged in 2018. | Source: Shutterstock Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei…