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Coinbase hires a former trading Director at Barclays

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Coinbase has is on a hiring spree and hired many talents from NYSE. Coinbase one of the leading cryptocurrency exchanges in the United States and has recently hired Hunter Merghart a former sales trading Director at Barclays. Merghart served as the Director of equity trading at Barclays for the last three years and has over … Continue reading “Coinbase hires a former trading Director at Barclays”

Bitfinex Launches Verge and Stellar Trading

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Bitfinex one of the biggest cryptocurrency exchange recently announced trading of two new tokens Verge and Steller’s Lumens. On May 1st, 2018, Bitfinex announced the addition of two new cryptocurrencies to its trading platform which is  Steller and Verge. Stellar and Lumen have been very bullish in the last week. Bitfinex made the announcement via … Continue reading “Bitfinex Launches Verge and Stellar Trading”

BTCxChange, Romania’s first Bitcoin (BTC) to halt all functions from May 1st

Author bittpressPosted on Categories Bitcoin, GeneralTags , , , 1 Comment on BTCxChange, Romania’s first Bitcoin (BTC) to halt all functions from May 1st

On May 1st, 2018.  BTCxChange, Romania’s first Bitcoin exchange announced that it will close it exchange. BTCxChange was the first Bitcoin exchange in Romania to buy and sell Bitcoins(BTC) in a fast and secure way. BTCxChange website stated: “We inform you that starting from 1st May 2018, our platform will be closed. Operations stopped back on … Continue reading “BTCxChange, Romania’s first Bitcoin (BTC) to halt all functions from May 1st”

Litecoin(LTC) falls from 5th position to 7th position

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Litecoin (LTC) a digital peer to peer cryptocurrency, provides its users with instant and almost negligible transaction fees anywhere around the world has fallen to the 7th possession from 5th largest cryptocurrency in global market positions. Litecoin is overtaken by Cardano (ADA) and EOS(EOS) by a huge margin. Cardano (ADA) moved ahead of Litecoin(LTC) as … Continue reading “Litecoin(LTC) falls from 5th position to 7th position”

‘Finney’ the world first blockchain phone developed by Sirin Labs and Foxconn

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Blockchain technology based smartphone has been developed by Sirin Labs which is the first world’s first blockchain smartphone. Sirin Labs on April 24th tweeted:“FINNEY tech specs are 99{7ac5c3bf57b95c89d20da1c585f68f2fe47644be0187dccece42864a092023b1} completed and we are working out the final details with FIH (Foxconn International Holding) releasing them to the community in 2 weeks.” Foxconn would be manufacturing the … Continue reading “‘Finney’ the world first blockchain phone developed by Sirin Labs and Foxconn”

Revolut a Fintech Firm Reaches to a Valuation of $1.7 Billion After Integrating Cryptocurrency

Author bittpressPosted on Categories Cryptocurrency, GeneralTags , , Leave a comment on Revolut a Fintech Firm Reaches to a Valuation of $1.7 Billion After Integrating Cryptocurrency

TransferWise a fintech company for many years has been allowing users to send bank payments with cheap fees and short verification periods and was one of the most dominant fintech business in Europe. Revolut surpassed TransferWise after reaching a valuation of $1.7 billion and integrating cryptocurrency. Adena Friedman the CEO of Nasdaq earlier this week … Continue reading “Revolut a Fintech Firm Reaches to a Valuation of $1.7 Billion After Integrating Cryptocurrency”

Jewelry companies partner with IBM on a Blockchain Project

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New York-based tech giant IBM has partnered with some of the top companies in diamond and gold industries for a cross-industry blockchain initiative which is meant to trace the origin of jewelry. IBM announced this initiative via a blog post to the Jewelry industry which has witnessed an increase in counterfeit jewelry. IBM brings together … Continue reading “Jewelry companies partner with IBM on a Blockchain Project”

Bitcoin Price Jumps to $9,200 while Crypto Market Cap Hits $420 Billion

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The price of bitcoin has climbed by over $400 in the last 24 hours, getting into the $9,000 region and exceeding $9200. A sudden dip on April 27 sent bitcoin price to the $8,800 mark. But throughout the day bitcoin and other cryptocurrencies saw record gains as the market climbed to $420 billion. EOS once … Continue reading “Bitcoin Price Jumps to $9,200 while Crypto Market Cap Hits $420 Billion”

Tech Giant Sony looking to use Blockchain technology

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Sony the technology giant based out of Japan is looking to store digital data using blockchain technology. On Thursday, U.S. Patent and Trademark Office published an application  that explains Sony’s current digital rights management (DRM) solution which aims for interoperability “may not be very reliable and rely on one unique point of failure and if … Continue reading “Tech Giant Sony looking to use Blockchain technology”

Cryptocurrency Mining Causes AMD’s Revenues to Surge

Author bittpressPosted on Categories Cryptocurrency, GeneralTags , , , , , Leave a comment on Cryptocurrency Mining Causes AMD’s Revenues to Surge

AMD a major chip maker revenue surges as cryptocurrency mining have resulted in a huge demand for its products. AMD and NVIDIA have had a booming year in terms of revenue due to the cryptocurrency mining. But they have noted that the future demand for new GPUs won’t be the same as cryptocurrencies are losing … Continue reading “Cryptocurrency Mining Causes AMD’s Revenues to Surge”