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Japan’s GMO Has Mined Over 900 Bitcoins – Hashrate Doubled Last Month

The mining operation of Japan’s internet giant GMO has resulted in over 900 bitcoins and 537 bitcoin cash so far, as the company roughly doubled its hashrate last month. Meanwhile, its crypto exchange reported a first-quarter loss after the country’s financial regulator ordered it to improve.…

Novogratz Launches Benchmark Index of 10 Cryptocurrencies

Well-known hedge fund manager Michael Novogratz has launched a cryptocurrency benchmark index in partnership with Bloomberg. The index, designed to track the performance of the largest, most liquid coins, consists of 10 cryptocurrencies at its inception. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space…

Bitflyer on Hiring Spree – Discusses Multiple Expansion Plans

Japanese exchange Bitflyer is on a hiring spree, trying to tap talent from Wall Street. The company says coders can make $100,000, and plenty of employees earn $200,000. Besides already operating in three regions, the exchange is expanding into additional countries and adding more services.…

Crypto Youtuber Launching Bitcoin Funded TV Series on CBS

A crypto Youtuber is launching his own television series that is fully paid for by bitcoin. They will air on CBS, the CW, and Roku. The first 13 episodes will air on CBS in selected areas, featuring topics such as crypto security, exchange trading, initial…

US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms

A U.S. state has issued emergency cease and desist orders to two companies and related persons purportedly engaged in cryptocurrency investment schemes. The first company posted videos of three mining farms composed of online stock images, according to the order. Both companies made numerous materially…

Bitcoin Price Watch: Can BTC/USD Hold This Support?

Key Points Bitcoin price declined recently and broke the $9,300 support against the US Dollar. There is a crucial bearish trend line in place with resistance at $9,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above…

Bitcoin Cash Price Technical Analysis – BCH/USD Likely to Extend Declines

Key Points Bitcoin cash price failed to move above the $1,700 resistance and declined against the US Dollar. Yesterday’s highlighted connecting bearish trend line with current resistance at $1,630 prevented gains on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair…

$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies

The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin. Also…

Cryptocurrency Recognized as Valuable Property by Russian Court

A Russian arbitration court of appeals has recognized cryptocurrency as a property with value in its ruling on Monday. This overturned a previous ruling by another court even though Russia currently has no legal framework for cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto…

Norwegian Court Rules Nordea Bank Can Close Account of Crypto Exchange

A Norwegian district court has ruled in favor of Norway’s largest bank against a local cryptocurrency exchange. The court says the bank has full rights to close the account of the exchange, citing money laundering risks and criminal activities associated with bitcoin trading. Also read: Yahoo!…

Bitcoin Cash Price Technical Analysis – Can BCH/USD Break This?

Key Points Bitcoin cash price found support around the $1,565 level and recovered against the US Dollar. There is a key connecting bearish trend line forming with resistance at $1,700 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has…