The beginning of February was marked by news coming from QuadrigaCX, a Canada-based cryptocurrency exchange. A liquidity crisis emerged, and the platform was forced to ask for creditor protection. How did we get here? It all started with the sudden death of Gerald Cotten, the founder, and CEO of
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Currently on the 41st spot by daily volumes according to the industry website coinmarketcap.com, Kraken had recently made an important acquisition which will enable its clients a greater access to cryptocurrency-based futures contracts. The end of 2017 market a new milestone with the CBOE launching for the first time
January 30th was the best trading day in 2019 for XRP, as it gained more than 20% in value on the Kraken exchange. Ripple, the company behind XRP, had been widely expected to get involved in the cross-border payments industry and now, the IMF chief Christine Lagarde, made some supportive
As cryptocurrencies continue to remain subdued in terms of valuation, negative effects continue to show up. Nvidia – the Taiwan-based computer hardware producer, had updated its financial guidance for the last quarter of 2018, blaming weak cryptocurrency mining and slowing economic activity in China. The cryptocurrency mining industry continues to
The Singapore-based cryptocurrency exchange Bithumb looks set to become the first platform listed on the US stock exchange. At the present time, it is the largest crypto exchanges by reported volume, with an estimated $1.4 billion daily volume according to coinmarketcap.com. A reverse merger deal to take place by March
The Constantinople Ethereum fork was canceled little before it should have taken place as a security vulnerability was found by an audit firm. The wide-anticipated system update was expected to take place on January 17th, at 04:00 UTC. A reentrancy attack prevented ChainSecurity, a firm specialized in smart contract
Although cryptocurrencies are not in their best period right now, blockchain-based applications continue to impress and that is the case with Vakt – an oil platform based on the blockchain, which facilitates transactions with oil from the North Sea. A lot of big corporations are starting to get attracted
Cryptocurrencies started the week on a positive tone during the Asian session, following a Bloomberg report suggesting that a new Hong Kong-based exchange will launch futures contracts for Bitcoin, Ether, and Bitcoin Cash. There seems to be a greater interest for cryptocurrency-related derivatives as compared to the spot market,
After a nice Christmas rally, cryptocurrencies were again under pressure today, following some headlines regarding one of the biggest cryptocurrency mining hardware producers. Weakness in all major cryptocurrencies emerged during the Asian session, making traders question the strength of the prior bull run. Bitmain cuts staff According to South
Although we’ve seen a decent bounce higher starting from December 15th and some short-term enthusiasm emerged, the prospects for a strong continuation well into next year are still relatively low. The Bitcoin rally ended sooner than expected and the most famous cryptocurrency did not manage to stay above the $4,000
