GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018

GMO Internet, the Japanese technology and online finance conglomerate, presented its results for the third quarter of fiscal 2018 on Nov. 12. The presentation included new details about the performance of the Tokyo-listed group’s cryptocurrency-related businesses. Also Read: The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX Exchange Record Performance by Quarter The presentation covers the operations of GMO Internet in cryptocurrency mining, exchange and payments. The company reported total quarterly revenue of 2.61 billion yen ($22.93 million) in the third quarter. It noted that the positive…

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Cryptocurrency Trading Update: Minimal Momentum on Monday Markets

FOMO Moments Monday movement is lacking on markets; Stellar making gains, Bitcoin Cash and BAT getting battered. There was no further momentum over the weekend and crypto markets have continued to slowly slide back this Monday morning. Total market capitalization is still over $210 billion, but only just, having lost almost $10 billion since Wednesday’s peak last week. Bitcoin’s failure to make any progress above $6,400 has kept the rest of the crypto markets flat. BTC is currently trading at $6,395 but analysts predict bullish upsides leading up to its…

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Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork

Market Updates Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on Sunday, Nov. 11. Also read: Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks Digital Assets See Some Slight Losses Over the Last Three Days Cryptocurrency markets have had an interesting week after…

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South Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia

South Korean cryptocurrency exchange Upbit has reportedly started marketing new crypto exchanges in Thailand and Indonesia as part of its global expansion plans. The company recently launched an exchange in Singapore. Over 130 coins and 240 trading pairs will be offered on both of the new Upbit exchanges, according to their websites. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Latest Expansion Plan Upbit, one of South Korea’s largest cryptocurrency exchanges, has been marketing new crypto exchanges in Thailand and Indonesia in their local languages, according to local media.…

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Electroneum (ETN) will take off sooner rather than later

Electroneum’s ETN cryptocurrency had a good week the week before last week. It kept rising all week long so it was expected that it would adjust downwards at some point, which is what’s been happening in the last couple of days. It’s been losing value moderately, as all crypto coins have. The trend is headed by Bitcoin, as usual. Let’s not forget that almost every cryptocurrency is pegged to Bitcoin in some way because most of them are paired with it in exchanges, so when Bitcoin goes down, most other…

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Web Summit 2018, a Great Event for Crypto Community

This year’s Web Summit 2018 in Lisbon witnessed impressive giveaways in the form of free digital assets from various blockchain companies. The annual event hosted various A-list panelists including Pinterest’s CEO and Co-founder Ben Silbermann, Medium’s Ev Williams and a number of prominent executives from the tech industry, startups, media, and investors. The conference was attended by close to 69,000 participants, from 159 countries and addressed by 1,200 speakers. Among them were 1,800 start-ups, 1,500 tech investors and representatives from 2,600 media outlets, all on a single platform.  The scale…

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Vietnam at Crossroads on Cryptocurrency Regulations

Vietnamese authorities are still considering their approach to regulating the cryptocurrency space. The Ministry of Justice has put forward several alternative solutions and the Ministry of Industry and Trade has expressed its opposition to the ban on imports of mining equipment. Also read: Uzbekistan Sets up International Arbitration Center for Crypto Businesses Justice Ministry Reports on Regulatory Approaches Vietnam’s Ministry of Justice has submitted а report to the government in Hanoi that contains a review of the current legislation and an assessment of cryptocurrency-related business activities in the country. The…

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The Daily: Shatner Dives Deep Into Crypto, Bank to Launch Digital Deposit Box

In today’s edition of The Daily, we feature a story about William Shatner flaunting his vast crypto knowledge, from Tether to Kitties. Additionally covered are a bank which wants to offer a digital deposit box for exchanges and investment funds, a new development in the Charlie Shrem lawsuit and more. Also Read: Marshall Islands President Attacked Over National Crypto Plan Tether Blows Captain Kirk’s Mind William Shatner, the original Captain Kirk, wants you to know that he knows his crypto. After admitting back in June that he doesn’t fully understand…

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Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks

News On Saturday, Nov. 10, the operation BMG mining pool mined multiple 32 MB blocks on the Bitcoin Cash (BCH) network. The first block at height 556034 was the biggest block ever mined on the BCH chain and the process confirmed over 166,000 transactions. A couple of hours later, BMG pool mined 4 more 32 MB blocks confirming another 166K of pending transactions each.  Also read: Growing Number of Crypto Companies Operating From Belarus BMG Pool Mines the First 32 MB Block Confirming Over 166,000 BCH Transactions Bitcoin Cash supporters have…

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Bitcoin Price Weekly Analysis: BTC/USD Remains At Risk Below $6,300

Key Points Bitcoin price started a downside correction after climbing as high as $6,554 against the US Dollar. There was a break below a major bullish trend line with support at $6,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $6,300 support area in the near term. Bitcoin price is under pressure below $6,400 against the US Dollar. BTC/USD could decline towards $6,280 or $6,250 if sellers remain in control. Bitcoin Price Analysis This…

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