Bitcoin News

Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring and simplification programs in the bank’s history,” explained interim CEO
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As bitcoin grows in popularity and recognition worldwide, resources dedicated to providing in-depth and diverse stats on all things crypto have exploded onto the scene and continue to proliferate rapidly. This post lays out 17 of the best sites, and divides them into basic categories such as checking price, viewing network visualizations, and more. Also
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Dubliner Clifton Collins, who was recently imprisoned for drug trafficking, claims that robbers took the keys to the $56 million in Bitcoin (BTC) Irish High Court had ruled should be confiscated. After obtaining more than 6,000 BTC by 2017, Collins decided to insure himself against hackers by distributing the cryptocurrency across 12 newly created accounts.
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During the first week of February, a few of the top mining rig manufacturers from China revealed they were forced to postpone device shipments due to the ongoing coronavirus outbreak. Regional reports from the country now disclose that shipments will be delayed even longer and Chinese mining rig companies and second-market suppliers are feeling significant
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Blockchain analysis company, Chainalysis, will provide crypto exchange CornField with its Know-Your-Transaction (KYT) software, in a partnership announced yesterday. Chainalysis Extends its Reach CoinField will use the KYT software to identify high-risk cryptocurrency transactions in real time, receiving in-depth insights into the origins of each. Transactions can be traced on different blockchains, providing a graphical
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This week, technical analyst Dan McDermitt of The Chart Guys educational platform debates Standpoint Research founder Ronnie Moas on trading versus holding. Can traders really outperform a simple buy and hold Bitcoin investment strategy? McDermitt sees trading as a profitable route. “Had I just bought and held, I would be doing a lot more poorly
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Bitcoin Cash House Ghana has announced they’ve found a liquidity provider for converting between BCH and Ghanaian cedi, and are now preparing to furnish their building and move in, preparing for official launch on March 1. A new read.cash post from organizer Kousha detailed the status of the project and also initiated a small fundraiser
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Cryptocurrencies could not exist without cryptography. Advances in this field can have far-reaching impacts on blockchain technology and its potential. We will examine the opinions of industry experts on the latest cryptographic advances and their potential for cryptocurrencies. Zero knowledge proofs: more than just privacy Director of research at blockchain firm Blockstream and mathematician Andrew
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Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit. Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money laundering risks or other illicit financial practices, Mandelblit told the Tel Aviv District Court. Mandelblit’s stance purportedly opposed
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Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people can afford and regularly do put some money aside but bank accounts are no longer offering inflation
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The self-governing body Blockchain Australia removed ACX.IO from its list of partners, following trader complaints that the market operator has gone unresponsive. Blockchain Australia Removed ACX.IO, Global Blockchain from List of Constituents Blockchain Australia finally removed the ACX.IO exchange from its site after reports of missing funds. The exchange, which announced an audit in January,
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Binance just made an unexpected announcement. The most active cryptocurrency exchange is ‘undergoing temporary system maintenance,’ which normally doesn’t bode well for crypto prices.  Binance Maintenence Coincides with 60M Minted USDT Binance caught traders unaware once again today when all of a sudden it went down for “temporary system maintenance.” According to the Binance blog:
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