Wednesday, February 20, 2019

Bitcoin Mining Giant Bitmain Reveals $500 Million Loss; End of the IPO Dream?

The world’s largest maker of cryptocurrency mining equipment Bitmain made a $0.5 billion loss in 2018’s Q3, CoinDesk reports. Citing a source who viewed an update that was filed with the Hong Kong Stock Exchange the publication also reported that Bitmain generated revenues of more than $3 billion during the first three quarters of 2018 with only $200 million being generated in Q3. The loss is evidence that the crypto bear market has dampened demand for mining rigs, the firm’s major product. It comes at a particularly bad time as Bitmain has been planning an IPO on the Hong Kong

Bernie Sanders is Running for President. He’s the Only One Who Can Beat Trump

Bernie Sanders has officially launched his presidential campaign for 2020. The 77-year-old is now the Democratic front-runner and the only candidate who can realistically beat Donald Trump. Not only is he the most popular Senator in the country, but recent polls also show he would pip Donald Trump in a hypothetical election.  Beating Donald Trump is a huge motivator for Sanders’ 2020 run. The Vermont Senator branded Trump an “embarrassment.”  I'm running for president. I am asking you to join me today as part of an unprecedented and historic grassroots campaign that will begin with at least 1 million people

Did Pre-IPO Uber ‘Lose’ $1.8 Billion in 2018, Or Aggressively Invest In Its 85%...

Uber posted $1.8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2.2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year.” Maybe. But maybe not. Focusing on the high tech taxi company’s negative profits in 2018 might be missing the bigger picture of the value it represents over a bump in the road. It is an understatement to say Uber has no problem making money. The 2017 and 2018 “losses” aren’t because of bad

Bitcoin Hits Highest Volume in 9 Months: Is Crypto Ready to Take Off After...

In the last 24 hours, the valuation of the crypto market increased by $8 billion as the Bitcoin price neared the crucial $4,000 resistance level. Major crypto assets in the likes of EOS, Ethereum, and Bitcoin Cash recorded gains in the range of 10 to 30 percent. Most cryptocurrencies have started to see record high volumes across leading cryptocurrency exchanges, demonstrating an increase in demand for digital assets. What is Causing the Rally and Can Bitcoin Sustain its Momentum? Prior to the rapid price movement of Bitcoin from the mid-$3,000 range to $3,995, one cryptocurrency trader said that the volume

Bitcoin Cash Pools: The Majority of Bitcoin SV Blocks Are Mined By ‘Unknown’ [Yes,...

Like Bitcoin and Bitcoin Cash, Bitcoin SV has large mining pools, each with a significant share of its SHA-256 hashrate. However, unlike the others, BSV has a nearly 44% majority who are “unknown,” according to data published by Coin.Dance. Comparing the above to Bitcoin’s same period chart, about 500% of the blocks in Bitcoin SV are mined by “unknown” compared to Bitcoin. The situation led a Reddit user, who probably didn’t notice that the “unknown” miner doesn’t have to be a single outfit, to ask if an attack “is developing.” Three Pools Control Far More Than Anyone Else in Bitcoin

Crypto Ratings, Price Targets, and Qualitative Analysis Platform BuySellHODL Launches With Android and Apple...

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. A newly launched, easy-to-use mobile cryptocurrency analysis app BuySellHODL founded by entrepreneur and crypto-enthusiast Clifford Lerner aims to provide its users with qualitative analysis based on traders’ community market sentiments in real-time. The platform is available on the web, Android and Apple devices. Clifford Lerner is the author of best-selling business book for startups, “Explosive Growth – A Few Things I Learned Growing To 100 Million Users”. His newly developed crypto platform BuySellHODL

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price...

While markets are currently staging a recovery attempt, some analysts feel negative sentiment will drive prices lower still.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct

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