Bitcoin Mining Industry ‘Under Considerable Stress,’ 1.3 Million Devices Switched Off
For much of the year, the bitcoin mining industry appeared to be impervious to the crypto market downturn, as the flagship cryptocurrency’s hash rate continued to climb even as the BTC price halved — and then halved again. In recent weeks, however, cracks have begun...
Not Even a Ripple: Coinbase News Fails to Rescue XRP from Bearish Trend
It was the announcement that ripple (XRP) investors had been anticipating for more than a year, but the news that crypto exchange giant Coinbase was “exploring” support for the second-largest cryptocurrency failed to elicit even a microcosm of the sort of rally that...
Bitcoin Mining Giant Bitmain Closes Israeli Branch amid Market Woes
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...![Crypto Exchange Bithumb May Have [Temporarily] Propped up Bitcoin Price: Analysts](https://insidebitcoins.com/wp-content/uploads/2018/12/cropped-favicon-4-32x32-155.png)
Crypto Exchange Bithumb May Have [Temporarily] Propped up Bitcoin Price: Analysts
The bitcoin price touched a fresh yearly low this morning, leaving traders and investors scrambling for answers as the crypto market searches for a bottom. While there are numerous pressures that have weighed on bitcoin as it has taken step after step away from last...
