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Famous cryptocurrency investor and trader Mike Novogratz has hired a Goldman Sachs executive for his cryptocurrency merchant bank.  $40K Bitcoin by End of 2018? Last November, Mike Novogratz made headlines when he predicted that Ethereum would hit $500 by the end of 2017 and Bitcoin could reach $40K by the end of 2018. Novogratz’s prediction for Ethereum proved true as the cryptocurrency actually surpassed $500 and even almost hit $1400. Since then, the whole cryptocurrency market experienced a major “shakedown” and dropped from a total market capitalization of over $8oo…

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Long Blockchain Corp., the company formerly known as Long Island Iced Tea Corp., has announced that it has received a delisting determination from Nasdaq. The U.S.-based company made headlines in December after its name change triggered a 432% gain in the price of its shares over the course of a single day. Also Read: Bitcoin in Brief Thursday: Crypto Winter Is Almost Over Long Blockchain Receives Delisting Determination On the 10th of April, Long Blockchain Corp. revealed that it had received a “delisting determination letter from the Hearings Panel of The…

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The online casino industry is arguably the biggest online industry in the world today, with millions of hopeful gamblers logging into online casinos every hour, 24/7. Online casinos make millions of dollars, some virtually by the minute. In fact, the bigger the online casino, the more dollars they are guaranteed to make every second, it’s like printing your own money! So, how do online casinos manage to make so much money if they offer games of chance for you to win at? You would think that, with so many people…

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The migration of cryptocurrency miners to hydro-power abundant Quebec has been received cautiously lately, following an initial period over-exuberance on the part of local officials. The future for Quebec’s mining industry has since encountered a number of hurdles, from the province’s ability to supply power during the dry winter season to the often overlooked environmental tolls of producing hydropower. Also Read: The Number of Cryptocurrency Exchanges Has Exploded  Hydro-Quebec Considers Suspending Power Provision to Mining Companies During Dry Season In recent months, the Canadian province of Quebec has sought to attract…

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Ripple continues to throw its own in-house cryptocurrency around like it has an unlimited supply — which isn’t too far from the truth. Pocket Change The fintech startup — known for its a real-time gross settlement system, currency exchange, and remittance network — has invested $25 million of its own digital currency (XRP) into “a dedicated sidecar vehicle alongside Blockchain Capital’s fourth venture fund,” as reported by Fortune. Ripple’s investment follows last month’s announcement that Blockchain Capital — the longest-standing blockchain-focused venture capital firm — had already “raised $150 million…

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Cryptocurrency is the main source of income for 12% of Russian speaking crypto users, according to a new survey. More than 90% of the respondents say they want to use digital coins as a means of payment, and a quarter of those interviewed are already doing that. 40% of the participants view cryptos like bitcoin as a good long-term investment. They have no intentions to sell their crypto holdings in the near future.     Also read: Russians Owe 13% Tax on Their Crypto Incomes 40% of Russian Crypto Owners Are…

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Urdubit, a leading Pakistani bitcoin exchange, has closed down permanently. The news came after the central bank of Pakistan announced a ban on dealings with cryptocurrencies. The trading platform urged customers to withdraw their funds “as fast as possible”. Its team confirmed on social media its operations had been suspended due to the prohibition of crypto transactions. Other exchanges have followed suit.    Also read: Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular Urdubit Cancels All Bitcoin Orders Pakistan’s “first bitcoin exchange” announced its decision to shut down after…

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Block.One’s Blockchain app platform EOS has come under fire after announcing its incoming mainnet ‘launch’ as its EOS token will have no “uses.” EOS Tokens Can’t Be Redeemed On EOS’ Nonexistant Platform The project, which today surpassed Litecoin by market cap and intends to allow developers to create decentralized applications (‘DApps’), raised $700 million in its ongoing ICO despite developers at the time openly acknowledging the token users were buying had zero utility. Now, with developers confirming a mainnet “release” in June this year, fresh criticism is coming from those…

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. 12th of April – The leading Bitcoin & crypto gambling site Gamble.io has completed its review on Cloudbet. Cloudbet is known as one of the top destinations for Bitcoin-based sports betting. The review revealed that Cloudbet’s solid reputation is no fluke. The company’s sportsbook department…

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This week the Philippines Securities and Exchange Commission (SEC) revealed to the public that it plans to enforce securities regulations against cloud mining operations. According to the SEC’s statement, the regulatory agency believes these types of contracts should be defined as “securities.” Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce Philippines Securities and Exchange Commission Issues Warning Against Cloud Mining Operations and Contracts The Philippines financial regulator has issued a warning to cloud mining operations promoting this business model without registering with the SEC. Cloud mining operations involve a…

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