Today’s Cryptocurrency News: A Look at the Top Headlines Across Bitcoin and Blockchain
Crypto Bear Market Caused Nearly 1 Million Bitcoin Mining ASICs in China to Hibernate but May Be Back Online Soon
The crypto winter has been strenuous for the entire industry, from investors to miners to exchanges. With such a stressed market, many companies had to shut down, resulting in almost one million mining ASICs being put into hibernation. However, there is a group of miners that want to bring all of those ASICs back.
United States Will Soon Have the First Digital Asset Bank, FreeRange, Thanks to a Wyoming Holding Company
Wyoming’s blockchain infrastructure has been evolving steadily over the last year and has been becoming the go-to place for companies in the United States. Based on recent legislation passed for special purpose banks, the opportunity has arisen for the first digital asset bank, which FreeRange is seeking to be.
ICOs 2017, Stablecoins 2018 and 2019 the ‘Crypto Intranet’ or Bankcoins or Corporate Coins
Ari David Paul took to Twitter over a series of posts to discuss the potential for a permissioned blockchain, which he also calls the crypto internet. Going after JPM Coin, Facebookcoin, and similar tokens, Paul attacks the lack of censorship resistance and depreciation resistance, among other issues. However, Bitcoin and decentralized cryptocurrencies could be necessary to the progress of these blockchains in the future.
Looking into the Polarity of Facebook Entering the Cryptocurrency Space: Intentions Become Talking Point
Though Facebook has been highly secretive about their alleged plan to enter both blockchain technology and cryptocurrency markets. However, concerns have arisen amongst the community, since Facebook has become involved in some unfortunate scandals that could inhibit their progress.
Ernst & Young’s Examination of Missing Funds from QuadrigaCX Continues Down the Rabbit Hole
The QuadrigaCX court case involves thousands of creditors that are missing close to $150 million in cryptocurrencies. Though statements from the CEO’s widow have consistently suggested that the missing funds were in cold wallets on his computer, a report from Bloomberg shows a much different narrative, claiming that the wallets have been empty for almost a year.
Crypto Analyst: Crypto Winter is Far from Over, Bitcoin Should peak in 2023
The investors of the cryptocurrency industry have been hopeful that the long winter of cryptocurrency would soon end, clinging onto the hope of new products and exchanges for institutional investors. However, one crypto analyst decided to break down some research, demonstrating his theory of exactly when the market will turn around. Unfortunately, that projection lengthens the winter by four more years.
Day-Long Bitcoin Auction of 315 BTC by Wilsons Auctions Brings Buyers from Over 100 Countries
Following a successful raid, Belgian police chose Wilsons Auctions as the host of the auction of confiscated coins. With 315 BTC, the auction took all day long, but ultimately gained attention from 100 different countries, proving themselves as a secure solution for government and law enforcement agencies in cases like these.
Bitcoin Wizard Pomp Says JPM Coin Would Be a Printing Press Playbook if Was a USD-Pegged Stablecoin
Anthony Pompliano takes the time to unravel the changing stance of JPMorgan Chase CEO Jamie Dimon changing his stance on cryptocurrency as he launches the JPM Coin. Does this asset have any future in the market, and how will it alter the crypto universe?
Revisiting the Cryptocurrency Rehab Center for Bitcoin Investors and Traders’ Addiction
Motherboard takes its audience into an exploration of addiction, specifically as it pertains to investors and traders in the cryptocurrency market. Gambling is a very real addiction, and the same appeal that Bitcoin and other crypto ventures offer mimics what gambling has to offer – uncertainty, danger, and the possibility of high reward. This documentary unravels the volatility of the market, and how Castle Craig is trying to help these crypto addicts.
Cryptocurrency Critics (Wrongly) Predict the Death of Bitcoin Where BTC Development Is Flourishing
Even though Bitcoin’s prices are down, their development of the network is flourishing, as well the networks of altcoins and related exchanges. However, opponents of the market are still digging their heels into the idea that BTC is on its way to its untimely end.
Square Leads the Bitcoin Adoption Movement as Cash App’s Impact Could Outdo Bakkt or an ETF
Jack Dorsey’s support of Bitcoin has been evident through both his actions and his words, even participating in the promotion of Bitcoin’s Lightning Network on Twitter recently. Now, new reports show that Square’s CashApp has enabled the purchase of 10,000 in BTC over the fourth quarter of last year.
Stanford Student Sends Letter to School Board for Inaccurate Lecture on Bitcoin During Blockchain Speech
The millennial generation is becoming increasingly involved in the cryptocurrency industry, so it should be assumed that they know a thing or two about it. After a recent lecture given at Stanford called “Blockchain and the Future of Finance,” there are a few qualms that one student has about the information given, starting with her “strong anti-Bitcoin rhetoric” and the seeming promotion of Ripple.