Fundstrat Global Advisors, a research company, in its report estimates that profits from mining are now mere 6%. … [Read more...] about Mining becomes almost unprofitable due to erratic BTC price
Tom Lee of Fundstrat estimates more troubles for bitcoin before recovery
Tom Lee, former JP Morgan strategist and current partner at Fundstrat Global Advisors, known for his bullish bitcoin forecasts, sees more pain for cryptocurrency before a recovery, writes Bloomberg. … [Read more...] about Tom Lee of Fundstrat estimates more troubles for bitcoin before recovery
Bitcoin, Ether, Ripple, Litecoin, Dash, IOTA – what stands behind each cryptocurrency
After shooting up and then dropping at a free-fall speed, Bitcoin has experienced a ride akin to a roller coaster. The investors and other people alike have been wondering how much of it is a bubble and if there is future in dozens of cryptocurrencies traded on the market. … [Read more...] about Bitcoin, Ether, Ripple, Litecoin, Dash, IOTA – what stands behind each cryptocurrency
Former IMF chief economist prophesies bitcoin price at $100
Kenneth Rogoff, former chief economist of the International Monetary Fund (IMF), said bitcoin price would not be able to withstand pressure from governments in the future and will tumble down as a result. … [Read more...] about Former IMF chief economist prophesies bitcoin price at $100
Crypto news in brief (February 21, 2018): Vitalik Buterin, Binance, PayPal CFO John Rainey, Venezuela, Petro
Ethereum founder warns about cryptocurrencies crash. Cryptocurrency market cap is around $500 billion. Binance reports 7 million registered users. PayPal CFO sees possible wide adoption of bitcoin in the future. Venezuela issues oil-backed cryptocurrency. … [Read more...] about Crypto news in brief (February 21, 2018): Vitalik Buterin, Binance, PayPal CFO John Rainey, Venezuela, Petro
Energy consumption for bitcoin mining in Iceland is expected to double in 2018
This year the energy consumption for mining bitcoin is expected to surpass energy consumption for powering all households in Iceland. … [Read more...] about Energy consumption for bitcoin mining in Iceland is expected to double in 2018
Winklevoss twins disagree with 60-80-year-old bitcoin critics
During the past several months investment gurus like Warren Buffett and J.P. Morgan Chase CEO Jamie Dimon fanned out their skepticism about cryptocurrencies. … [Read more...] about Winklevoss twins disagree with 60-80-year-old bitcoin critics
China will ban all cryptocurrency related websites
According to local media, China will block all websites related to cryptocurrency trading and initial coin offerings (ICOs). … [Read more...] about China will ban all cryptocurrency related websites