Good morning! Here’s what we’re reading in the Crypto2Cash office today:
According to Coindesk, hardware producer Bitmain has lost around $500 million in the third quarter of 2018, with revenues going down sharply as well. These bad figures are mostly linked to the demand of gear, which has lowered drastically during the bear market, as turned unprofitable in most parts of the world. Furthermore Bitmain owns larger quantities of , mostly , Cash, , and Dash. All of these currencies have at least declined by 50% since Sept. 30, with Cash taking the hardest hits. (From: )
The price of has broken out during the last 24 hours, hitting a daily high of $3,914. Bullish sentiment is coming back into the market with nearly all top 20 currencies reporting larger gains, usually between 5 and 10 percent. (From: )
Four people have been arrested in a large scam case in India. The suspects lured in people with their project called “Cashcoin”, luring in unsuspecting by promising to double their investment in a few months. They initially repaid their first few investors to gain more traction and and stole a total of $14 million. (From: )
Bad around the QuadrigaCX case has once again surfaced. After the exchange accidentally sent 105 Bitcoins to one of the cold wallets they do not control, Reddit researchers were able to link that to a cluster with ties to dark web addresses. It is still not 100% clear if those were the storage wallets directly controlled by the exchange, but a link is definite, possibly suggesting illegal activity by the exchange. (From: )
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Published at Tue, 19 Feb 2019 10:09:31 +0000
