Analysing Bitcoin’s revival: CoinMarketCap notes cautious optimism amid Covid-19 – as halving arrives

The most recent quarter has been turbulent to say the least across all global economies - but while Bitcoin's performance naturally fell, according to CoinMarketCap's most recent analysis, it still outperformed global benchmarks for equities.

In its Q1 assessment of crypto market and user trends, CoinMarketCap argued that, amid the Covid-19 pandemic, crypto markets have 'regained a good portion' of their March losses, but warns there was 'still some way to go' before they fully...

Riot Blockchain to scrap crypto exchange and further pursue mining

Riot Blockchain is to shut down its crypto exchange and renew its focus on mining, citing various risks.

The company issued an update on its ‘strategic priorities’, with the action of sunsetting the RiotX Exchange taken after assessing, in the company’s words, “the evolving regulatory environment, cybersecurity risks, and the current competitive landscape facing US-based cryptocurrency exchanges.”

The greater move to mining has been coming, with Riot recently...

Analysing China’s about turn on blockchain – and what could come next

The past week has seen various significant developments in terms of how blockchain technologies will be perceived and developed in China.

On October 25, it was reported that Chinese President Xi Jinping had described the technology as an ‘important breakthrough’, with more developments needed to accelerate the sector, as well as greater interoperability between blockchain technologies, artificial intelligence (AI), and the Internet of Things (IoT).

Xinhua, China’s...

Latest Satoshi Nakamoto pretender unveiled, crypto community looks askance: An analysis

Over the past few days, an elaborate campaign has taken place with its final aim to unmask Satoshi Nakamoto, the pseudonymous Bitcoin whitepaper author. Yesterday, due to what it described as “overwhelming interest”, the reveal was issued early and cited Bilal Khalid, full legal name James Bilal Khalid Caan, as the real Satoshi.

Yet the more than 9000-word missive has failed to convince crypto and industry watchers alike.

The campaign has been put together by...

Dallas Mavericks to allow Bitcoin payments, BitPay confirms

The Dallas Mavericks have become the second NBA team to accept Bitcoin payments, BitPay has confirmed.

The basketball franchise joins the Sacramento Kings, which announced plans to accept Bitcoin for tickets, alongside promotional products, as far back as 2014. The NBA itself is also open to experimentation with blockchain technologies; earlier this month this publication reported on NBA Top Shot, a new platform where basketball fans can collect and trade moments in the...

Canadian city to allow Bitcoin payments through Coinberry collaboration

Canadian digital currency platform Coinberry has started negotiations with the City of Richmond Hill in Canada in order to provide a cryptocurrency payment processing solution. This comes after the council voted last week in favour of entering into an agreement with Coinberry, to provide an option for property tax payment in Bitcoin for residents and businesses of the City of Richmond Hill.

This announcement also marks Coinberry’s second municipal partnership within six months,...

Blockchain Capital exec says people will regret not investing now

A partner at Blockchain Capital has said he believes investors will regret not buying-in at current low prices.

We’re a few days into an uncharacteristic bull run (for this year, at least) in the crypto market, and there’s definitely a more positive sentiment around – though it could be that holiday cheer.

Speaking on CNBC’s “Fast Money” segment, Spencer Bogart emphasised his bullish outlook:

“Could Bitcoin go to $50,000? Absolutely. It doesn’t...

US jobs in crypto and blockchain are booming amid long-term market confidence

Despite a bearish and ever-volatile market, cryptocurrency and blockchain jobs are in healthy supply, according to a report by Glassdoor Economic Research. In fact, the number of vacancies relating to the crypto sector has risen by 300 percent in the US since the same time in 2017, Glassdoor stating that continued growth in employment represents confidence among employers who are willing to make “long-term investments” in their teams. That increase amounts to 1775 blockchain-related...

Hackers steal an estimated $59m from Japanese crypto exchange Zaif

Hackers have stolen an estimated $59m (£45m) from Japanese cryptocurrency exchange Zaif, according to an official released by parent company Tech Bureau Corporation. The hack is believed to occured on September 14, but evidence was only found on September 17 following an investigation into disruptions to the exchange’s deposit and withdrawal services. Zaif says this survey revealed that a portion of “hot wallets” had been “hacked by unauthorised access from outside, and part of the...

eToro pays for seven-team Premier League sponsorship deal with bitcoin

The world’s largest social investing platform eToro has inked a sponsorship deal with seven Premier League football clubs in the UK, all paid with bitcoin. The Israel-based company partnered with marketing agency SportQuake to strike the deal, which will give it brand access to interview backdrops, rights to players, tickets, stadium LEDs and other stadium advertising. The teams involved include Tottenham Hotspur, Newcastle United, Crystal Palace, Leicester City, Southampton, Brighton...