Ethereum GPU Mining Profitability Has Declined Dramatically: New Research

Twitter Facebook LinkedIn New data released by global trading and technology firm Susquehanna has revealed that the profit per month earned for mining Ethereum using a GPU mining rig has fallen as far as zero in November, down from about $150 in summer 2017. The data indicates that in addition to the dominance of more efficient ASIC …

Ambitious Crypto Project Kin Forks Roadmap [Again]

Twitter Facebook LinkedIn The developers of Kin, the cryptocurrency created by social media app Kik, have announced that the crypto token will undergo yet another major developmental redesign as they seek to marry scalability with an intuitive user experience. The Kin Foundation revealed on Wednesday that, in a departure from the crypto project’s earlier roadmaps, …

Falling Wedge Indicates Interim Breakout Scenario

Twitter Facebook LinkedIn Bitcoin on Tuesday extended its downward momentum, dropping 0.67-percent against the US Dollar. The BTC/USD trading pair opened the Asian trading session at 6288-fiat and attempted an upside correction to as high as 6309-fiat. The selling pressure around the 6309-level resumed the downtrend. As a result, the pair kept forming red candles …

Aussie ICOs Beware – The ASIC Has A Reputation to Rebuild

Twitter Facebook LinkedIn In a bit of news that is tinged with irony, the Australian Securities and Investments Commission (ASIC) has been denied in court its record $35 million AUD fine against Westpac Bank. Irony because the reason the court rejected the fine, in addition to the Commission’s failure to prove that Westpac was guilty …

Poloniex Requires 2,000 Confirmations for Bytecoin Transactions

Twitter Facebook LinkedIn If you want to trade Bytecoin on Poloniex, you’re going to have to wait a significant amount of time, CCN has learned. This reporter decided to enter the BCH pre-fork trading at the exchange and wanted to use his Bytecoin holdings as part of that process. He withdrew them from where they …

Popular Thai Actor and Siblings Plead Not Guilty in $24 Million Bitcoin Fraud

Twitter Facebook LinkedIn Three Thai siblings who are being prosecuted for defrauding a 21-year-old Finnish investor of bitcoin worth 797 million baht (approximately US$24 million) in the Criminal Court of Bangkok have pleaded “not guilty” for the charges. At the hearing, prosecutors accused the siblings, Prinya, Supitcha and popular Thai actor Jiratpisit Jaravijit of convincing …

Market Still in Good Position; Real Crypto Volume 2x Larger

Twitter Facebook LinkedIn In an interview on CNBC Crypto Trader hosted by Ran Neuner, Binance CEO Changpeng Zhao (CZ) stated that the crypto market and Binance are still in a good position even after nearly a year of downward price movement. Binance Maintaining Healthy Business Over the past 11 months, the cryptocurrency market has lost …

20% of the British Population See Bitcoin as an Inevitability

Twitter Facebook LinkedIn YouGov is a global data and research firm which serves industries, governments, and people in various ways, primarily by aggregating data and giving it to those who are able to take action on it. They are recognized the world over for their ability to “provide a more accurate, more actionable portrait of …

How to Prepare for Next Week’s Bitcoin Cash Hard Fork

Twitter Facebook LinkedIn If you’re concerned about the Bitcoin Cash hard fork that’s upcoming, you shouldn’t necessarily be, because you have plenty of time to get ready and more than one option on how to prepare. As journalists we are generally neutral on the subject of the fork — this article is intended for informational …