The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.
It isn’t a secret that millions, if not billions of dollars fled the crypto asset markets in 2018. Blockchain projects liquidated hundreds of millions worth of Ethereum (ETH) from the initial coin offerings, while common Joes and Jills, many of who caught FOMO in late-2018, liquidated their Bitcoin (BTC) holdings in search for greener pastures…
The post $6 Billion in Fiat is Sitting in Crypto: $10,000 Bitcoin is Possible Without New Monty appeared first on NewsBTC.
Uber posted $1.8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2.2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year.” Maybe. But maybe not. Focusing on the high tech taxi company’s negative profits in 2018 might be missing the bigger picture of the value it represents over a bump in the road. It is an understatement to say Uber has no problem making money. The 2017 and 2018 “losses” aren’t because of bad
The post Did Pre-IPO Uber ‘Lose’ $1.8 Billion in 2018, Or Aggressively Invest In Its 85% Market Share Dominance? appeared first on CCN
Coinbase has acquired blockchain analytics startup Neutrino as part of a push to offer more diverse crypto assets.
A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1.35 million), according to a report in the Bangkok Post. 30 victims have filed a complaint against the company, CryptoMining.Farm. Although police believe the scam may have hit up to 140 individuals. It comes just months after a group of Thai siblings was accused of defrauding an investor of $24 million in bitcoin. Although Thailand is a booming market for cryptocurrencies, is it time for tougher regulations to crack down on scams and frauds? Victims report alleged blockchain mining scam https://t.co/W0dgXJ54j3 — Bangkok
The post $1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary? appeared first on CCN
Bitcoin has broken the 100-day moving average for the first time in 272 days, and briefly passed $3,950 overnight.
The German government is soliciting industry feedback ahead of developing a blockchain strategy by summer, according to Reuters.
In the past 3 weeks, the valuation of the crypto market has increased by more than $22 billion from $111 billion to $123 billion. There is no shortage of technical charts, indicators, analysts and observers trying to predict where crypto markets and Bitcoin will go next. They are far more volatile than traditional stock or…
The post Crypto Fundamentals: What is Driving The Massive $20 Billion Rally and How Long Will it Last? appeared first on NewsBTC.
In the last 24 hours, the valuation of the crypto market increased by $8 billion as the Bitcoin price neared the crucial $4,000 resistance level. Major crypto assets in the likes of EOS, Ethereum, and Bitcoin Cash recorded gains in the range of 10 to 30 percent. Most cryptocurrencies have started to see record high volumes across leading cryptocurrency exchanges, demonstrating an increase in demand for digital assets. What is Causing the Rally and Can Bitcoin Sustain its Momentum? Prior to the rapid price movement of Bitcoin from the mid-$3,000 range to $3,995, one cryptocurrency trader said that the volume
The post Bitcoin Hits Highest Volume in 9 Months: Is Crypto Ready to Take Off After Massive Gains? appeared first on CCN
Following yesterday’s positive start to the week crypto markets have continued to rally adding another $8 billion to total market capitalization. Ethereum started the run but EOS is today’s moon shot as it surges 30%. EOS Top Performer in Top 100 EOS has been a train over the past 24 hours pumping from $2.90 to…
The post What Caused EOS to Surge 30%, Flip Litecoin and Lead Today’s Crypto Rally? appeared first on NewsBTC.