Bitcoin

Bitcoin in Space? It Helps With Connection Woes, Says Blockstream’s Adam Back

Adam Back, CEO of bitcoin technology startup Blockstream, dove into the lesser-known uses for beaming bitcoin from space during a presentation at Consensus 2019 on Tuesday. The startup launched its cryptocurrency-focused satellite product nearly two years ago with the primary goal of giving people who don’t have an internet connection another way to download a bitcoin […]

Crypto News

Russian Prime Minister: Don’t ‘Bury’ Crypto over Bear Market Woes

Russian Prime Minister Dmitry Medvedev said not to “bury” bitcoin and the crypto market prematurely. | Source: Krainov Valery (RANEPA)/Wikimedia Commons Russian Prime Minister Dmitry Medvedev has addressed the cryptocurrency bear market in a speech at the Gaidar international scientific forum, according to local media outlet TASS. Russian PM Warns Against Discounting Bitcoin On Tuesday, […]

Crypto News

Bitcoin Mining Giant Bitmain Closes Israeli Branch amid Market Woes

Advertisement With the bitcoin price trading more than 80 percent below its all-time high, not even Bitmain, the world’s largest cryptocurrency mining firm and the crypto industry’s most valuable company, has been immune from the slaughter. According to Israeli business publication Globes, the China-based Bitmain has closed Bitmaintech Israel, the development center it set up […]

Bitcoin

Bitfinex Attempts To Prove Solvency, Denies Exposure To Noble Bank Woes

Cryptocurrency exchange Bitfinex denied what it called “rumors” and “allegations” about its alleged insolvency on October 7, revealing cold wallet balances in an attempt to prove its financial stability. ‘Bitfinex Is Not Insolvent’ In a blog post, executives hit back at “watchful ‘investigators’” who it says were “eagerly anticipating and predicting the industry’s collapse.” “Bitfinex […]