Ripple Overtakes Ethereum as Bitcoin’s Market Cap Falls Below $100 Billion

Ripple has suddenly taken second position with a market cap of $19 billion while ethereum has fallen to $18.4 billion on increased global crypto trading volumes of nearly $20 billion. No one is celebrating, however, because this isn’t due to any gains by ripple but due to a brutal sell off across the crypto market…

Read more »

TRONbet Hits 3.1 Billion Total Won, The Game Continues! ⋆ ZyCrypto

Tron has been making headlines since this week for many reasons. From a  huge milestone of hitting 12 million smart contracts in just two weeks after its launching to Tron’s Justin Sun teasing Vitalik Buterin about Tron’s daily transaction surpassing the Ethereum token. But a quick pause in between the lines shows that Tron users…

Read more »

Coinbase revenue for this year is close to $1.3 billion

Coinbase, one of the biggest cryptocurrency exchange platform in the US, has made sales of over $1.3 billion, according to a report on Bloomberg. This comes in the limelight irrespective of the volatility of the cryptocurrency market, wherein the price of all the major cryptocurrencies has plunged to the lowest point since its all-time high earlier…

Read more »

Coinbase cuts workforce after $8 billion valuation round: upcoming IPO’s growing pains?

Reports have emerged that Coinbase is cutting its workforce ahead of its IPO. This comes after the valuation for the company was pegged at a whopping $8 billion. The move was reportedly in order to centralize their customer support, compliance and fraud departments. Tina Bhatnagar, Coinbase’s new hire for management of customer service is said…

Read more »

Could The Market Reach $1.4 Billion By 2024

Growth for cryptocurrency market will be realised at a compound annual growth rate of just over 6% as it reaches a valuation of $1.40 billion by the year 2024. Reports have submerged by different news outlets that suggest the crypto market could be driven by a stronger and more distributed ledger technology which improves the…

Read more »

The Blockchain Industry Could Reach $7 Billion, Says Bank of America | BTCMANAGER

Although the blockchain sector is still an emerging industry, the Bank of America estimated that the addressable market for blockchain will soon reach $7 billion. According to CNBC, while blockchain technology is not standard in a business-to-consumer market, it could help improve existing services in business-to-business markets such as the Software-as-a-Service (SaaS) industry, the real…

Read more »

Coinbase gets valuation at $8 billion with Tiger Global’s heavy investment

Recently, it was reported that the biggest cryptocurrency exchanges, Coinbase is valued at $8 billion and is in talks with Tiger Global to receive an investment of $500 million. This is believed to make Coinbase one of the most valued startups in the US. According to the sources, Coinbase will spend $250 million in addition to…

Read more »

Austria to Raise €1.15 billion Federal bond Auction Using Ethereum Blockchain

There has been increase in blockchain technology applications also known as the decentralized ledger technology in private organizations and governments since it has been seen to be more secured, efficient, cheap, transparent and time conserving. In the bid to raise €1.15 billion federal bond auction, Austria has resolved to use the ethereum blockchain which is…

Read more »

Austria to Issue €1.15 Billion of Government Bonds on Ethereum

The government of Austria is to utilize ethereum’s public blockchain for the issuance of €1.15 billion ($1.35 billion) of government bonds in an auction that starts this October 2nd. Austria’s Finance Minister, Hartwig Löger, says: “For us, blockchain technology forms a focus of economic policy. Through setting up the FinTech Advisory Council at the Ministry of…

Read more »

Good News! Over $1 billion worth of Crypto to be Returned to victims of Mt.Gox Hack

An end has not come to the controversy that surrounded the first cryptocurrency exchange and the world’s largest holder of bitcoin trades as at 2014. Mt. Gox saga made way for the likes of Tim Draper and the Winklevoss twins Tyler and Cameron the cofounders of Gemini exchange to make good fortune through the stolen…

Read more »

Blockchain Powered Content Sharing Marketplace Rally Launches Airdrop Offering 2 Billion Rally Tokens

Rally, a user-centric marketplace for content sharing built on Ethereum, has just started the Rally Airdrop with an allocation of a whopping two billion Rally coins as rewards for new users joining, referring and engaging. The platform is dedicated to revolutionizing the concept of content sharing through transparency and decentralization, bypassing digital monopolies and empowering…

Read more »

Ethereum Registered $12 Billion Dollars in Yesterday’s Trading Volume

In general, Bitcoin and Ethereum are the currencies with the highest trading volume in the market. Most of the times, Bitcoin takes the lead. But on July the 28th, Ethereum registered a spike in volume of around $12 billion dollars. How was that possible? Ethereum Volume Spike A new virtual currency exchange known as EXX…

Read more »

Ethereum Suddenly Has $8 Billion in Trading Volumes, More Than Bitcoin

Seemingly out of no where and as if by click of fingers, very much overnight, ethereum’s trading volumes have suddenly risen to $7.7 billion, increasing as we write with our screenshots already outdated. A new exchange has made a loud entrance. It comes from Asia, and it comes with some new innovations. Innovations that may…

Read more »

Coinbase Prime Brokerage Onboards a $20 Billion Hedge Fund

Coinbase has launched a new prime brokerage service for hedge funds with the crypto-unicorn attracting an unnamed $20 billion hedge fund according to Business Insider which says: “The firm has onboarded a $20 billion hedge fund through its prime business, the people said, declining to specify which fund. The team is working on getting other large…

Read more »

Billion Dollar Hedge Fund Manager Believes Blockchain Talent Is Moving in Waves | BTCMANAGER

The founder of crypto’s biggest hedge fund, Polychain Capital, discussed the current movement of top-tier talent in the tech sector from traditional entities to blockchain-based projects. Olaf Carlson-Wee, Polychain’s CEO, gave his input on why he believes crypto is in its best state yet in an interview with Fortune’s “The Ledger.”  With over $1 billion…

Read more »

Tron Foundation Locks Up 33.25 Billion TRX, Further Guaranteeing Circulating Supply

It is no secret that there has been lingering questions about the massive supply of Tron (TRX) tokens in the crypto markets. The initial total supply before the Tron Foundation burnt 1 Billion of its own TRX during the project’s Independence Day, was 100 Billion. With the reduction of the burnt coins, this total supply…

Read more »

ICOs Have Generated $13.7 Billion in 2018 So Far, Nearly Doubling 2017 Numbers

In the first five months of 2018, cryptocurrency sales from initial coin offerings (ICOs) jumped to $13.7 billion — almost double the amount raised for the whole of 2017, according to a report released yesterday by PwC’s strategy and consulting division Strategy& and Switzerland-based Crypto Valley Association. 2018’s Initial Coin Offerings This year’s digital currency…

Read more »

Binance Launches $1 Billion Dollars Venture Capital Fund to Support Blockchain Technology

The important cryptocurrency exchange Binance, has announced that it is launching a $1-billion-dollar venture capital fund which aims to fund projects related to blockchain technology and cryptocurrencies. The information has been revealed by Ella Zhang, head of Binance Lab. Binance Cryptocurrency and Blockchain Fund According to Mrs. Zhang, Binance will be selecting 20 different fund…

Read more »

Crypto-Market Gains $50 Billion: EOS (EOS), Cardano (ADA) and IOTA (MIOTA) Lead The Charge

AdChoices To be simplistic with respect to the Crypto-market this Sunday, most of what a trader sees is Green! Most coins and tokens are recovering from the recent low levels experienced on Tuesday, 29th of May. On that date, Bitcoin (BTC) reached recent lows of $7,109 and took down the rest of the Crypto-market with…

Read more »

China Finds Out $ 2 Billion Stolen in OneCoin Scam Scheme

The Chinese authorities have accused four suspects of $ 2 billion theft through the OneCoin pyramid scheme. According to the Supreme People’s Procuratorate, prosecutors based in the province of Hunan accused four individuals as defendants for realizing an illegal scheme using “Weika Coin“, also known as OneCoin. The pyramid scheme is a widely discussed topic…

Read more »