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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World’s Longest Running TV Soap Opera Airs Cryptocurrency Storyline

Coronation street

UK soap opera, Coronation Street, played its part in raising cryptocurrency awareness this week, with a storyline involving the imaginary ‘WhipCoin’.  Rags to Riches to… Coronation Street is the worlds longest running TV soap opera, with a regular audience of around 8 million. In the programme, Ryan Connor, a semi-regular character since 2006, has gambled away the money he earned DJing in Ibiza. He then remembers investing 50 quid (£50) in WhipCoin several years ago. A quick internet search

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The Unflippening: Bitcoin’s Resurgent Dominance Showing Who’s King

cryptocurrency

The volatile nature of the cryptocurrency market needs no introduction after its staggering gains in 2017 and subsequent losses of 2018. Looking at the market as a whole, however, gives us a bigger picture of who were the biggest losers and which coins were the best at storing value. Total Market Cap Still 11 Times Bigger Than in 2017 The total cryptocurrency market capitalization hit highs of a staggering $830bn in the week commencing January 7,

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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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Crypto Exchanges Turn to Dubious Tactics to Offset 80% Volume Plunge

With trading volumes a whopping 80% lower than their January peak, some of the biggest trading exchanges are implementing controversial practices to stay profitable.  Exchange Listing Fees:  Pay to Play From the ‘stick’ of listing fees to encouraging ‘carrots’, the crypto exchanges are finding ways to get their money. Exchanges such as Binance (the world’s largest by trading volume) and KuCoin, have implemented a system of variable listing fees. They both claim that the listing fee

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To Sell or Not to Sell: That Is No Longer The Question For Miners

Today, cryptocurrency mining operators could benefit from taking out loans while using their mined coins as collateral to cover their expenses and persevere during the current bear market.  Miners Can’t Hodl…or Can They? Large-scale miners have enormous fixed costs, which they must pay regardless of the price their mined coins are currently worth. Indeed, many mining farms operate on thin margins and a shoestring budget, where expenses like electricity, rent, and other overhead costs must

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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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Bitcoin’s 40+ Struggling Hard Forks Show Industry Has ‘Moved On’

Bitcoin now has over 40 hard forks resulting in spin-off tokens, new research reveals, while sentiment suggests most will suffer the fate of most historical altcoins. Bitcoin’s ‘Moved On’ From Hard Forks Being a ‘Bitcoin maximalist’ may not be as crazy as you think. In the latest installment of its market research, Hong Kong based trading platform BitMEX identified 42 struggling tokens, which “seem to have forked away from Bitcoin.” All coming after the network’s first

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