Cryptocurrency News

Bitmain is known to be among the largest Bitcoin mining companies in the world. Given its success over the last few years, it is only expected for it to be valued at $12 billion. This is most especially after the Series B round of funding.

While the rest of the cryptocurrency market is going experiencing billions of dollars’ worth of losses, Binance’s Chief Executive Officer Changpeng Zhao stated that he expects the exchange’s profits to be between $500 million and $1 billion for 2018.

The government of South Korea is officially recognizing cryptocurrency exchanges as entities in their own right, thereby cementing their position in the country’s economy. According to local news sources, this is the first time that the South Korean government has recognized the cryptocurrency sector as a legitimate industry.

According to the latest reports, the Iranian government is censoring cryptocurrency exchanges in the country. An Iranian Bitcoin enthusiast (on condition of anonymity) told the media that every cryptocurrency exchange has been filtered since May this year by the government.

We.trade just announced that it has completed its first set of live operations, marking a huge milestone in cross-border trading using Blockchain technology.

According to the latest news sources, “clipboard hijackers” are eyeing more than 2.3 million Bitcoin digital wallet addresses. Clipboard hijackers are a group of malware that secretly gain control of a user’s memory for the purpose of stealing users’ crypto funds. This malware runs in the background so that users are unaware of its presence on their systems.

According to data collated from Coinopsy and DeadCoins, the two websites actively cataloguing failed or failing cryptocurrency projects, more than 1,000 crypto projects have died so far this year.

In the latest news, the Austrian Financial Market Authority or FMA’s board of directors, Klaus Kumpfmüller and Helmut Ettl, have offered proposals suggesting the implementation of stricter regulations on initial coin offerings (ICOs) and digital currencies. Kumpfmüller, in particular, proposed a so-called “threshold-dependent” prospectus requirement, which is aimed at ICOs. This requirement is reportedly the same to that of securities.

The last few days have been called a “bloodbath” for the crypto market, with almost all the cryptocurrencies falling steeply in value. Yesterday, Bitcoin dropped once again below the $6,000 mark, thereby once again giving rise to speculation that cryptocurrencies were definitely one of the biggest bubbles in history.

Former banker turned developer Jonathan Wheeler is looking for ways in which he can send Bitcoin to Venezuelan citizens using a massive air drop. The economic crisis in the country is so bad that people can’t even pay for basic necessities – food is in short supply and the population is losing weight.