Crypto Dip Humbles South Korean Bitcoin Premium | News

Bitcoin’s most recent dip to a two month low has impacted the South Korean cryptocurrency market, which has traditionally traded well above global exchange rates. During Bitcoin’s climactic bull run into December, South Korean exchanges were trading Bitcoin at prices nearly 50 percent higher than most exchanges around the world. This eventually led to Coinmarketcap removing some Korean exchanges due “to the extreme divergence in prices from the rest of the world and limited arbitrage opportunity.” But this week’s new slump to lows back in the $8,000 range has completely rearranged the…

Unconfirmed: Circle In Talks To Acquire Crypto Exchang… | News

According to an exclusive report on Blockchain technology blog Modern Consensus, Circle, a multi-currency money-sending app, is reportedly in the works to acquire Poloniex, a major US-based cryptocurrency exchange. Modern Consensus cited two unnamed sources that had information about the potential deal. However, when asked about the reported acquisition of Poloniex, Raj Date, a board member of Circle, told Modern Consensus: “I can’t comment on anything like that. I’m actually in Europe right now. Thanks for the reach out.” Ari Paul, the CIO at digital currency hedge fund BlockTower Capital,…

Bitcoin Mining Comes To New York As Lawmakers Approve… | News

Cloud mining service Coinmint has won approval to take over an abandoned smelter for Bitcoin mining operations on Tuesday, Jan. 30. As local news broadcaster WWNYTV reports Thursday along with local government documentation, lawmakers in upstate New York voted in favor of awarding subsidiary North Country Data Center (NCDC) 15 megawatts of low-cost power. This is subject to agreement of tariffs among members, stated the New York Power Authority Board of Trustees and New York State Canal Corporation Board of Directors. The operation should involve a $165 mln investment in…

US: SEC, CFTC To Focus 100% On Crypto In Dedicated Hea… | News

The US’s two major financial regulatory authorities have announced that they will hold a dedicated hearing on virtual currencies on February 6, 2018. The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) will meet to discuss what an advance notice describes as their “oversight role”, as the industry becomes an increasingly prioritized focus of lawmakers around the world. SEC chairman Jay Clayton will join CFTC chairman J. Christopher Giancarlo as chief witnesses. Bitcoin and other cryptocurrencies entered the public spotlight anew during last week’s World Economic…

Montana is Home to New 53 Acre, $75 Million Bitcoin Mining Facility

Mining This week, the cities of Butte and Anaconda, Montana, learned bitcoin mining company Crypto Watt LLC secured 53 acres on which they plan to invest at least 75 million USD to facilitate the process of how the world’s most popular cryptocurrency’s transactions are authenticated and confirmed.   Also read: Nassim Nicholas Taleb vs David Birch on The Bitcoin Standard Montana to be a Bitcoin Mining Hub Just two months ago, MSE Technologies in Butte, Montana employed 50 engineers. Today, it’s contracting like crazy, shedding half its work…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Lite… | News

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. There are various reasons behind the panic currently gripping the crypto world – increased regulations, hacking, and crackdown by various governments. Additionally, the last leg of the rally looked frothy as traders gobbled up cryptocurrencies at crazy levels out of fear of missing…

Missed the Altcoin Craze? Don’t Worry, the Satoshi Is Still Very Cheap

Op-Ed When Satoshi Nakamoto designed bitcoin, his smartest trick wasn’t to cap the total supply at 21 million coins – it was to make each coin divisible to eight decimal places. At the time, as now, the smallest unit of bitcoin was worth so little as to be inexpressible in fiat terms. But bitcoin’s creator had the foresight to recognize that if his fledgling cryptocurrency succeeded, there was a good chance that 1 BTC would eventually be worth quite a lot. And when that happened, one satoshi…