Market Update 4.14.18 – One of The Largest Russian Crypto-Mining Farms
Market News
One of the Largest Russian Crypto-Mining Farms to be Siberia
The director general of the crypto-mining company BitBaza, Daniel Zakomolkin announced that one of the biggest crypto-mining farms was going to be set up in Krasnoyarsk in Siberia.
According to Zakomolkin, Siberia was chosen as the location for the farm so that energy and costs could be saved. It will cost about 3 billion rubles ($48 million) to set up the facility and it will be located in the industrial park called Divny, which has 3 busbars that connect to one power system.
To read the full story, click here.
Chinese Bitmain Gets Approval to Set Up Mining Facility in Washington State
Bitmain, the Chinese crypto-mining giant, was given unanimous approval by Port Walla Walla for a land-lease that could lead to a purchase later to build a crypto-mining facility in the county. Port Walla Walla is Walla Walla County’s economic development department.
According to the deal, Bitmain’s subsidiary in Ant Creek will be able to rent 10 acres of land with the option to buy it after one year. While Bitmain hasn’t made it public that the subsidiary belongs to it, company registration shows Bitmain’s Chief Executive Officer Jihan Wu as the sole governor of the firm.
Ant Creek still has to okay the deal for it to be finalized. To find out more details, click here.
Coinsecure Alleges Rogue Employee Stole $3.3 Million Worth of Bitcoins
Coinsecure, an India-based Bitcoin exchange, announced that a rogue employee stole $3.3 million worth of Bitcoin – about 438.318 Bitcoins – from its service. The company stated that these coins were lost when the private keys were released by Dr. Amitabh Saxena, their Chief Security Officer. The company said this happened when they were trying to disburse Bitcoin Gold (BTG) to its customers.
The company stated it suspects Dr. Saxena himself stole the cryptocurrency and the story of the coins being lost is a cover up. According to the CEO of Coinsecure, Mohit Kalra, the blame rests solely on Dr. Saxena. These transactions were not supposed to be done online to begin with, according to Kalra.
To find out more, click here.
Total Market Cap: Apr 14
Trading volume continues to rise, with the amount of trade going up to $21.75 billion in the last one day. The cryptocurrency market’s value has also gone up to $321.31 billion.
Bitcoin Price Analysis: Apr 14
Bitcoin’s price went a little higher by 2.62% in the last one day to $8029.47. Trading volume also went up a little more today to $7.62 billion and the crypto’s market value has increased to $136.36 billion.
Ethereum Price Analysis: Apr 14
Ethereum rose by another 2.9% to $506.67 in the last one day. The cryptocurrency’s trading volume is $2.35 billion and its market value has gone up to $50.07 billion.
State of the Top 10 Cryptocurrencies: Apr 14
The top ten cryptocurrencies have had mixed results in the last one day. Some have gained, while others have lost. Stellar and Ripple gained the most at 6.41% and 4.26% respectively in the last 24 hours.
- Bitcoin gained 2.62% to trade at $8029.47. BTC has a market value of $136.36 billion.
- Ethereum gained 2.9% to trade at $506.67. ETH has a market value of $50.07 billion.
- Ripple gained 4.26% to trade at $0.649802. XPR has a market value of $25.42 billion.
- Bitcoin Cash gained 1.01% to trade at $751.28. BCH has a market value of $12.82 billion.
- Litecoin gained 0.75% to trade at $127.44. LTC has a market value of $7.14 billion.
- EOS fell 1.76 % to trade at $8.91. EOS has a market value of $7.05 billion.
- Cardano fell 2.41% to trade at $0.204682. ADA has a market value of $5.3 billion.
- Stellar gained 6.41% to trade at $0.254281. XLM has a market value of $4.71 billion.
- NEO fell 1.42% to trade at $64.12. NEO has a market value of $4.16 billion.
- IOTA gained 0.74% to trade at $1.36. MIOTA has a market value of $3.79 billion.