Bitcoin Drops to $7,800 But Rebounds Instantly to $8,150, Tokens Suffer

Bitcoin Drops to $7,800 But Rebounds Instantly to $8,150, Tokens Suffer

Advertisement On July 31, the price of bitcoin fell by 4 percent, from $8,150 to $7,800, as both major cryptocurrencies and small market cap tokens plummeted in value. Within hours after its 4 percent drop, the price of bitcoin rebounded from $7,800 to $8,150, demonstrating an instantaneous recovery from its relatively large drop. However, other…

Why Investors Should Pay Attention to Tezos (XTZ)

Why Investors Should Pay Attention to Tezos (XTZ)

The Money Makers Club now has 6 of 15 available seats. Learn more here! Tezos may be one of the most controversial cryptocurrencies out there, and not because of the disruptive power of the coin, but because of how it has been run as a company. High Aspiratio…

Iran’s Bitcoin Volume Soars as Rial Value Enters ‘Death Spiral’

Iran’s Bitcoin Volume Soars as Rial Value Enters ‘Death Spiral’

Advertisement Iran’s national currency has crashed to its record low against the U.S. Dollar as the country prepares to face economic sanctions imposed by the Trump administration. The Iranian Rial, which was just beginning to gain momentum after years of depreciation, set a new low on Monday, trading on an average at 100,000 Rials on…

Bitmain Made $1.1 Billion in Profit in Q1, Filing for IPO ‘Very Soon’: Report

Bitmain Made $1.1 Billion in Profit in Q1, Filing for IPO ‘Very Soon’: Report

Advertisement After posting eye-popping returns in 2017, the recent bear market has some cryptocurrency firms battening down the hatches amid declining returns. Don’t count industry giant Bitmain among them. Citing an email obtained from a source close to the China-based firm, Fortune reports that Bitmain — best known for manufacturing bitcoin mining equipment — raked…

Crypto Mining Firm CEO Exit Scams with $35 Million in Investor Funds

Crypto Mining Firm CEO Exit Scams with $35 Million in Investor Funds

Advertisement The CEO of Sky Mining, a crypto mining company in Vietnam, has disappeared with investor funds totaling about $35 million, according to a local news outlet. About 20 investors of Sky Mining reported the matter to the local police in the Phú Nhuận District after learning that “approximately 600 mining machines had been removed”…

Myanmar, Thailand Banks Enable Blockchain Remittance for Migrant Workers

Myanmar, Thailand Banks Enable Blockchain Remittance for Migrant Workers

Advertisement Everex, a Singapore-based financial technology firm, has partnered with Myanmar’s Shwe Bank to introduce blockchain-Powered remittance Services between Myanmar and Thailand. The blockchain firm claims that the partnership will enable millions of Myanmar migrant workers living in Thailand to send money home instantly and securely at much lower transaction costs than traditional remittance methods.…

Crypto Firm Scores Sleeve Sponsorship With Wolves in Premier League First

Crypto Firm Scores Sleeve Sponsorship With Wolves in Premier League First

Advertisement The English Premier League, the world’s most-watched football league with some 600 million viewers in over 200 countries, now has a cryptocurrency firm sponsoring one of its teams during the new season. The cryptocurrency exchange has sealed a sleeve sponsorship deal with Wolverhampton Wanderers for an undisclosed sum, running for the entire duration of…