As the price of Bitcoin rose, so did the number of people who bought cryptocurrency mining equipment in hopes of "striking it rich." With all these miners running their equipment night and day, the total electrical usage of cryptocurrency mining operations has grown at a staggering rate. Even…
46 posts tagged
Cryptocurrency
Block-chain Based Company FUSION Attracts $12.3 Billion in Investment
Companies that use blockchain technologies continue to receive regular investments from outside investors. For instance, blockchain service provider Paxos received $65 million in investments. Cloud-based supply chain firm Tradeshift received $250 million from a recent funding round that included Goldman Sachs. Now a Singapore-based company has secured a large amount…
Singaporean Multi-millionaire Cheng Buys BitTrade for Over $67 Million
BitTrade, the Japanese crypto exchange, has been bought for over $67 million by Singaporean multi-millionaire and entrepreneur, Mr. Eric Cheng. According to Asia One, he will be taking 100 percent of the shares in BitTrade Co., Ltd, one of the few crypto exchanges to ever receive a license from Japan's…
Regulated Guidelines Are Making the Future of Cryptocurrencies More Prevalent
The exchange market surrounding cryptocurrencies is becoming more and more prevalent in our current economy, and this has naturally drawn different regulating bodies within the US to prepare necessary guidelines. Each body views cryptocurrencies as a different form of asset such as: properties, commodities, and securities. Each department has a…
When Will Cryptocurrency Markets Rebound From Recent Downturn And Head Upward?
Cryptocurrencies appeared to find a floor toward the end of May. The tumultuous month saw the market shedding value day after day. Recently, total market value crawled back to $330 billion, although that number hovered above and below that figure at times. Many analysts believe the downturn is coming to…
Why Cryptocurrencies Are So Popular and How Trading Them is Evolving
Cryptocurrencies are highly popular when it comes to international methods of currency exchange due to how you can instantly buy, sell, and trade crypto at an instantaneous rate. When you buy or sell something through a banking institution, it typically takes three to four days before the funds are available…