ICOs Sold Almost as Much as They Raised According to New BitMEX Research

ICOs Sold Almost as Much as They Raised According to New BitMEX Research

ICOs have managed to sell almost as much Ethereum (ETH) in terms of US dollars as they have raised, new research shows. Even with the current rates of ETH, projects are sitting on unrealized profits, rather than actual losses.  Most of the Raised ETH Is Already Sold According to a new research brought forward by Hong Kong cryptocurrency exchange in partnership with analytics resource TokenAnalyst, initial coin offerings (ICOs), which raised ETH throughout their crowdfunding

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Tether, Bitfinex Reportedly Deserting ‘Unprofitable’ Noble Bank

Tether (USDT)

Noble Bank, the “non-fractional reserves” institution which was once the primary reserve bank for Tether (USDT), is facing competition from other banks amid claims it is “no longer profitable.” Non-Fractional And Non-Profitable? As Bloomberg reports October 1, Noble, registered in Puerto Rico, is now seeking a buyer on the back of the back of lax revenues stemming from 2018’s prolonged cryptocurrency bear market. Most importantly, according to an unidentified source, the bank’s major clients —

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Sia Announces Hard Fork to Brick Bitmain ASICs

After close to a year of debates within its community, Sia has finally gone ahead with a hard fork to brick out Bitmain and Innosilicoin ASICs. Following the hard fork, only miners using Obelisk hardware will be able to mine on the blockchain. Pushing Back on Bitmain and Innosilicon ASICs Sia cofounder, David Vorick announced the news in a blog post on October 1st via the project’s Medium Account. According to Vorick: Sia is forking today

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Fundstrat Says ‘Bullish Trend’ to Develop in Coming Months

'Bullish Trend' To Develop in Months, Fundstrat Says

The bullish trend isn’t going to be for at least a few more months, according to a technical expert from Fundstrat Global Advisors. He holds that time is needed for the market to recover the technical damage developed through the year. Bulls Will Have to Wait At the time of writing this, Bitcoin (BTC) marks a slight decrease of less than one percent for the last 24 hours. The market’s leader also managed to stand

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Stellar Surges 50 Percent in Last 7 Days

Stellar Continues to Surge, Up 50 Percent in Last 7 Days

Stellar (XLM) remains one of the best performers during the last 7 days. Stellar has seen an increase upwards of 20 percent for the day, and more than 50 percent for the week, now standing as the sixth largest cryptocurrency. Today Was a Good Day… Again The last few days have seen serious price action, with the overwhelming majority of cryptocurrencies marking notable increases. The serious uptick was marked by Ripple’s (XRP) rally on Friday

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Remember Paragon? ‘Revolutionizing Cannabis With Blockchain’ Token Down 96%

Paragon, the outfit which raised over $70 million in an ICO to build a “social network of cannabis startups,” has lost 96 percent of its market cap. Doing Nothing With Blockchain Perhaps the latest example of the “irrational exuberance” of the 2017 ICO rush, Paragon (PRG) , which had the backing of US rapper The Game and an infamous video to match, currently has a token market cap of just $2.7 million. The project was

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ICOs ‘In a Lot of Trouble’ if Bitcoin Stays Under $10K, Says BitPay Exec

Controversial cryptocurrency payment provider BitPay appeared to back Bitcoin over altcoins this week as its CCO told mainstream media the ICO token market was “in a lot of trouble.” Singh: Market Bottom ‘Hard’ To Call Speaking to Bloomberg in an interview that also featured regular commentator Joe Weisenthal, Sonny Singh focused heavily on Bitcoin as the cryptoasset, which had a chance of upside while remaining silent on major altcoins such as Ether (ETH) . “It’s hard

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‘There’s No Room for 1000x Price Increases,’ Reaffirms Vitalik Buterin

Vitalik Buterin

Ethereum co-founder Vitalik Buterin hit back at reports he said claimed he was a “pessimist” September 11, accusing media outlets of misrepresenting his views on cryptocurrency’s future. Bloomberg Interview Raises Eyebrows In a series of tweets, Buterin said coverage of his interview with Bloomberg September 8 had been “spun” to paint an overly negative view. Commentators had reacted to one response Buterin had given in particular, in which he said the Blockchain industry was about

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Winklevoss’ Gemini Dollar a ‘Solid’ Bridge That ‘Will Span Decades,’ Says Charlie Shrem

Charlie Shrem Talks Bitcoin, Hodling, and the Future of Cryptocurrency

Shortly after New York regulators gave the green light to Cameron and Tyler Winklevoss’ stable coin, Charlie Shrem shares his two cents on the matter. He thinks the cryptocurrency represents the “Golden Gate Bridge” in the field. A ‘Solid Stable Coin’ As Bitcoinist reported September 10, the investment bank State Street will back the Gemini Dollar – a token pegged to the US dollar 1:1. It’s the first cryptocurrency from early Bitcoin investors, Cameron and Tyler

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Dogecoin Now ‘Envy of the Crypto World’ As ICOs Dumped $30M ETH Last Week

Dogecoin DOGE

Altcoin markets are witnessing upheaval September 11 as Ethereum (ETH) sees major sell-offs from ICOs and Dogecoin generates altcoins’ second-biggest transaction volumes. Dogecoin ‘Envy Of The Crypto World’ Data uploaded to Twitter by cryptocurrency researcher Kevin Rooke shows the abrupt rise of DOGE after developers released the coin’s long-awaited Ethereum bridge beta September 5. By adjusted 24-hour transaction volume, the whimsical asset beat every other except Bitcoin and Ethereum. Compared to other major altcoins, volume

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