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Coinbase Slammed For Venezuela ZCash Airdrop Being an ‘Advertising Strategy’

December 12th, 2018

US cryptocurrency exchange Coinbase has received intense criticism for giving Venezuelan families a grand total of $1 per day – in altcoin ZCash, which it added to its books days previously. Scroogebase? In a blog post December 11, executives claimed that the initiative dubbed the “12 Days of Coinbase,” was meant to “empower those who…

Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed

December 12th, 2018

Anger continues to engulf cryptocurrency trading platform Cubits after executives suddenly announced the company was bankrupt, blocking all user funds. Cubits Owner: Funds Recovery ‘Unsuccessful’ In a press release dated December 11, Dooga Ltd., the UK-based entity trading as Cubits, claimed “collusion” which resulted in a “criminal act” involving the loss of €29 million ($33…

‘We’ll Be Right Back!’ – Signs Point to Exit Scam For Cryptocurrency Platform Cubits

December 11th, 2018

Users are venting frustration at UK-based cryptocurrency wallet and exchange Cubits after the service went offline following alleged payment delays. Cubits Website Disappears Overnight Cubits, the trading name of Dooga, a company formed in London in 2014, became involved in a legal battle over allegations it was hacked earlier this year, a court ruling in…

‘Proof Of Keys’ Wants You to Get Your Bitcoin Off Exchanges on January 3

December 11th, 2018

Cryptocurrency investor and entrepreneur Trace Mayer plans to use the anniversary of the Bitcoin genesis block to make holders reclaim their private keys. Mayer To Bitcoin HODLers: Reclaim Sovereignty In a video introduction to the plan, which he dubbed ‘Proof of Keys,’ Mayer appealed to the Bitcoin community to remove all funds not under their…

Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

December 10th, 2018

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities…

Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near

December 10th, 2018

The Bitcoin price could “bottom” at $2500 in January 2019, BTCC co-founder Bobby Lee has forecast in his latest prediction which many traders already consider too optimistic. Lee: Bitcoin Price Under $2K ‘Very Surprising’ On the back of an ongoing social media poll involving almost 5000 participants, Lee, who is becoming increasingly known for his…

Where Will Bitcoin Price Go as It Nears November Lows?

December 6th, 2018

The Bitcoin price was hovering near its lowest levels in 14 months December 6 a fresh downturn continued to take its toll on investors. Another Grim Day For Bitcoin Traders In common with behavior which has prevailed since the Bitcoin Cash contentious hard fork November 15, altcoin suffered similar and often worse losses, led by…

‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins

December 5th, 2018

Bitcoin buy support is a superior metric to coin market capitalization for measuring the future of Bitcoin and altcoins, according to a new monitoring resource. ‘Market Cap Is A Lie’ CoinMarketBook, deliberately named to shadow the current ‘go-to’ directory for cryptocurrency statistics Coinmarketcap, launched in October – but its mission is markedly different. “Market cap…

Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes

December 5th, 2018

Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data…

Bitcoin, Blockchain Jobs Openings Are Booming Hitting 18-Month High

December 3rd, 2018

The Bitcoin and Blockchain jobs industry is booming despite price deflation, a new survey from Glassdoor has revealed. 1775 Bitcoin, Blockchain Jobs In August The findings, which originally appeared in mid-October, covered an 18-month period from April 2017 through August 2018. In that time, the number of job openings “related” to both Bitcoin and Blockchain…