Apple’s Chipmaker Braes For Dampening Crypto Mining Demand

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest independent semiconductor foundry, predicted that its fourth-quarter revenue would increase by only a couple percentage points, forecasting revenues of 9.35 billion to 9.45 billion. Its 2017 fourth-quarter revenue was 9.2 billion. Weakening Crypto Demand TSMC, based in Hsinchu, Taiwan, is not only the world’s largest semiconductor foundry,

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Chinese Crypto Wallet Cobo Raises $13 Million, Eyes Global Expansion

Plans for worldwide growth are on track for cryptocurrency wallet startup Cobo after it managed to raise US$13 million in a Series A round. The cryptocurrency wallet startup, which is based in Beijing, China, has set its sights on expanding in the United States as well as in Southeast Asia particularly Indonesia and Vietnam. The

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Guest Spot: Insights into Ethereum Smart Contract Development

Many of you have probably questioned the usefulness of blockchain in general and Ethereum in particular. Some of you may have gone further in your curiosity and came across numerous fancy characteristics, such as decentralization, transparency, trust without intermediaries, and hack resistance. That’s remarkable, isn’t it? It sure is, but… In its current state, blockchain

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Gates Foundation Partners Ripple and Coil in Financial Inclusion Initiative

The Bill & Melinda Gates Foundation is teaming up with San Francisco, California-based blockchain firm Coil with a view of enhancing financial access for the unbanked and underprivileged communities. Initially announced by the principal technologist and a deputy director at Bill & Melinda Gates Foundation, Miller Abel, the development was later confirmed by the blockchain

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Bitcoin Volume Approaches Yearly Low Again as Market Deletes $6 Billion

Over the past 48 hours, the volume of Bitcoin (BTC) has fell substantially from over $5 billion to $3.8 billion, and is quickly moving to its yearly low. On CoinCap.io, ShapeShift’s official cryptocurrency market data provider, the volume of Bitcoin remains at around $2.54 billion. If the volume of BTC drops by around 15 percent

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Tether Has Yanked $610 Million out of Circulation this Month

Tether Limited, issuer of the dollar-pegged cryptocurrency tether (USDT), has yanked nearly a quarter of the controversial stablecoin’s market cap out of circulation since the beginning of October. On Wednesday, cryptocurrency exchange Bitfinex sent another 50 million USDT to the Tether Treasury, marking the sixth time this month that the company — which shares a

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Slain Bitcoin Investor Was Cashing out to Buy an Apartment

The Norwegian cryptocurrency investor who earlier this week was brutally murdered following a cash-for-bitcoin exchange was reportedly liquidating his holdings so that he could buy his own apartment. CCN reported yesterday that the 24-year-old investor had been stabbed to death in his apartment on Monday morning, sometime between 7:50 am and 12:10 pm, when one

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Bitcoin Price Not Correlated to Futures Expiration Dates: Research

The common idea that the bitcoin price drops just before the cryptocurrency futures contracts expire has no solid basis, a new study published by Cindicator suggests. The report, titled Bitcoin Futures: Market Evolution, studied bitcoin volumes on futures and spot cryptocurrency exchanges to get an idea about the liquidity and development of the holistic trading market.

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Cryptocurrency Fever is Starting to Fade: Russian Central Bank

Elvira Nabiullina, the head of the Central Bank of the Russian Federation, claimed that investors’ excitement toward cryptocurrency has begun to cool. Her remarks came at the FINOPOLIS innovative financial technology forum. Cryptocurrency Fever ‘Beginning to Disappear’ The famed Russian economist and former economic advisor to the Russian President Vladimir Putin represented businesses’ point of view

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Bitfinex Struggles with Banks, Why Are Other Major Bitcoin Exchanges Just Fine?

On October 6, major bitcoin exchange Bitfinex obtained banking services from HSBC with a private account held by a Hong Kong corporation. Less than two weeks after establishing HSBC as its primary bank to handle deposits and withdrawals, Bitfinex has moved to Bank of Communications, the fifth-largest bank in mainland China and Hong Kong, according

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