INDUSTRY NEWS

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Report on Bitmain Q3 2018 Losses Highlights Struggling Mining Industry

According to a recent analysis by Coindesk, Bitmain posted a $500 million loss in Q3 2018. Their conclusion was the result of insights they attained via an update to Bitmain’s IPO prospectus filing with the Hong Kong Stock Exchange (HKEX). Bitmain is the largest cryptocurrency mining firm, offering ASIC and GPU mining hardware and operating…
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Venezuela Presents Unique Bitcoin Case Study as LocalBitcoins Volume Reaches All-Time High

Venezuela has been undergoing massive hyperinflation under the Socialist regime of President Maduro, and economic conditions have reached destitute levels. Venezuela’s annualized inflation year-over-year from December 2017 to December 2018 was 1.7 million percent, rendering the native Bolivar currency effectively worthless. The endemic hyperinflation has caused millions of Venezuelans to flee the country amid restrictive…
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How MakerDAO is Redefining Secured Loans

MakerDAO is a decentralized autonomous organization (DAO) on the Ethereum blockchain that functions as a loan issuance platform via its stablecoin Dai. The platform is governed by a community of participants holding the MKR token and participate in decision-making that guides the platform’s parameters. Maker has been making waves over the last several months due…
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Wrapped Bitcoin Launches Promising Better Liquidity for DEXs and Merchants

Wrapped Bitcoin (WBTC) has launched on the Ethereum blockchain following significant hopes in the additional liquidity it can bring to decentralized exchanges (DEXs) and merchants. WBTC is an ERC-20 token contract on Ethereum that is pegged 1:1 with Bitcoin. The project is completely transparent and offers a dashboard that reveals the 1:1 ratio between BTC…
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Preparing For Tax Season With Digital Assets

The young cryptocurrency industry comes with numerous technical nuances that can be challenging to keep up with. Further compounding the issue is the upcoming tax season and how to file your taxes for digital assets properly. Although many regulations on digital assets in the U.S. are not definitive, there are some useful tools and rulings…
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The Future of Bitcoin ETFs Unclear Following CBOE Withdrawal of VanEck Request

By: Brian Curran Bitcoin ETFs were speculated to launch as early as last year, but a slew of proposal denials by the SEC postponed any definitive conclusions about the Bitcoin investment vehicle until early 2019. One of the major proposals, the VanEck-SolidX Bitcoin ETF, was recently dealt another blow as CBOE — one of the…
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How to Win Over Angel Investors

If you’re an early-stage startup entrepreneur, and in need of external funding, odds are that you’re looking into angel investors that are worth reaching out to. In doing so, it’s important to bear in mind that it’ll take a lot more than a good one-liner to get them interested in you and your product. Angel…
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Why Blockchain PR is an Absolute Must

The blockchain industry is exploding. From Bitcoin to hospital record keeping to artificial intelligence, the capabilities are proving to extend across every industry and across the globe. Crypto startups and blockchain based businesses are popping up every day. The ideas are revolutionary, but sadly many will never make it. Perhaps it is the overwhelming number…
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Choosing the Right PR Agency for your Blockchain Biz

With blockchain startups popping up every day, it can be impossible to determine which ones will survive and which ones will fail. After all, the unfortunate statistic shows that most startups fail within the first three years. While that statistic is daunting for entrepreneurs (especially those in such a new industry), you can look at…
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7 Reasons your Blockchain Biz Needs to be in the Media Right Now

If you’ve picked up a newspaper, magazine or opened your internet browser, you likely already know that blockchain technology is on fire. It is one of the fastest growing industries across the world. With startups popping up with blockchain based solutions to almost every application you can think of, how does one get funded and…
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