Mining

Bitcoin Mining Giant Canaan Secures New Funding in ‘Hundreds of Millions of Dollars’

Canaan Creatives, the world’s second-largest bitcoin mining chipmaker, has raised ‘hundreds of millions of dollars’ in a new financing round. STCN reported that the latest funding pushed Canaan’s worth to at least a billion dollar. According to a study published by the Hurun Research Institute, Canaan’s valuation was close to $ 2.98 billion by the […]

Crypto News

How Coinstar Could Turn $62 Million Dollars Worth of Literal Trash into Bitcoin

Could Coinstar’s new bitcoin conversion service make people more conscious of their loose change? | Source: Shutterstock According to an estimate by recycling and waste management company Covanta Holding Corporation, Americans literally throw away $ 62 million dollars a year worth of spare pocket change. Covanta offered CBS News a theory along with the estimate […]

Crypto News

$1 Billion Dollar’s Worth of Cryptocurrency Stolen in 2018

Advertisement According to cryptocurrency intelligence firm CipherTrace’s Q3 Cryptocurrency Anti-Money Laundering report, as of quarter-three, 2018, cryptocurrency thefts had already reached $ 927 million. The blockchain cybersecurity professionals identified theft and hacks at platform layers and exchanges to be a major problem, evolving further from its Q2 findings. In the CipherTrace second-quarter report, the company […]

Blockchain

Stablecoins Are The ‘Disney Dollars’ of Crypto

Companies and exchanges are jumping on the stablecoin bandwagon — but just how promising is this concept and doesn’t it go completely against everything Bitcoin stands for?  Dollar-Pegged Money is Nothing New Disneyland’s first president, Jack Lindquist, introduced the in-house currency called Disney Dollars in 1987. These paper notes featured pictures of Mickey Mouse and other […]

Crypto News

Crypto Daily News: Nearly 1 Trillion Dollars Worth of BTC has been Transferred in 2018 & Coinbase Continues to Make Moves

In today’s edition of Crypto Daily News, we’ll cover the updates of nearly one trillion dollars worth of Bitcoin (BTC) has already been traded in 2018 and Coinbase making steady progress in enhancing its platform. Crypto Daily News: August 16th, 2018 Almost One Trillion Dollars Worth of BTC According to Trustnodes, an estimated $ 830 […]