Digitec Galaxus Becomes the First Swiss Online Retailer to Accept Cryptocurrencies

Digitec Galaxus Becomes the First Swiss Online Retailer to Accept Cryptocurrencies

The biggest online retailer in Switzerland, Digitec Galaxus, has recently announced that it will now accept cryptocurrencies as a medium of exchange, according to a press release published on March 19. According to ecommerceDB, an e-commerce data platform, Digitec Galaxus was first launched in 2010, it is the world’s 100th biggest online retailer, and in 2018 had net sales of over $811 million, which seem only to increase this year. Digitec Galaxus, from now on,…

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Weekly Crypto Market Analysis February 20th-27th: Bitcoin SV Goes Up, Bitcoin Cash Goes Down

Weekly Crypto Market Analysis February 20th-27th: Bitcoin SV Goes Up, Bitcoin Cash Goes Down

The whole crypto market seems to be experiencing a downward run. However, this is just a minor correction after two whole weeks of an intense bull run. This is a much-needed correction and we could all see it coming. The whole market is still in a way better position than its condition in January 2019. Amidst the sea of red, there are a few cryptocurrencies which were still trading in green over the past week….

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Weekly Crypto Market Analysis February 12th-19th: EOS, Ethereum Top Performers

Weekly Crypto Market Analysis February 12th-19th: EOS, Ethereum Top Performers

It’s great news for every crypto investor out there that the crypto market has been trading towards the green end for the past two weeks. It looks like the market is gearing up for another massive bull run very soon. Almost every single cryptocurrency amongst the top 100 ranked cryptocurrencies has been trading in green throughout the past week. With a surge of demand for these virtual currencies, this trend in the crypto market is…

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Bitmain Introduces New Lower Energy-Consuming Chip for Bitcoin Mining

Bitmain Introduces New Lower Energy-Consuming Chip for Bitcoin Mining

Hong Kong-based crypto mining rig manufacturing giant Bitmain Technologies Limited revealed its next-generation 7nm ASIC chip to mine SHA-256 cryptocurrencies like Bitcoin and Bitcoin Cash. According to Bitmain, this newly designed mining chip is 28.6% more efficient than Bitmain’s previous 7nm chip, the BM1391. This mining chip will be available in new Antminer models the S17 and T17 as announced by by the company. Since inception, Bitmain is pushing the edges of computing power by…

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Wikipedia Partners with BitPay to Allow Bitcoin, Bitcoin Cash Donations

Wikipedia Partners with BitPay to Allow Bitcoin, Bitcoin Cash Donations

The Wikimedia Foundation Inc, the US-based nonprofit firm that operates the online encyclopedia Wikipedia, has partnered with BitPay, the largest global blockchain payments provider. This move will allow Wikipedia to accept Bitcoin as well as Bitcoin Cash donations. From November to December every year, Wikipedia asks its users for donations. It usually suggests a donation to anyone who visits the site, for example $3, in order to keep the site running and free of ads….

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Investigation Claims that Fortnite’s Digital Currency Is being Exploited to Launder Money

Investigation Claims that Fortnite’s Digital Currency Is being Exploited to Launder Money

The online battle royal game Fortnite is being played by over 200 million people worldwide and popular amongst the children and teenagers because it is free to play and available on every major gaming platform. However, Fortnite has recently come into limelight and in the radar of investigator because of its in-game currency called V-bucks and how it is being used by cybercriminals to launder money. An investigation by The Independent and research by cybersecurity…

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CoinFLEX Joins Other Crypto Exchanges in the Race for Physical Bitcoin Futures

CoinFLEX Joins Other Crypto Exchanges in the Race for Physical Bitcoin Futures

The competition just got a lot fiercer for Intercontinental Exchange (ICE), the parent of the New York Stock Exchange, as a new crypto exchange joins others in the race for physical Bitcoin futures. It will be recalled that ICE has been working closely with the CFTC for a while now, with the hope to get approval for physical Bitcoin futures. The firm announced last year that they have completed their first fundraising and are ready…

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Teenage Bitcoin Millionaire Erik Finman Says Bitcoin Is Dead

Teenage Bitcoin Millionaire Erik Finman Says Bitcoin Is Dead

As an entirely new and disruptive burgeoning industry, crypto grows and cultivates quite a lot of fascinating (and odd) mini-celebrities. One of these figures is the ‘teenage Bitcoin millionaire,’ Erik Finman. When he was 12 in 2011, Finman invested $1,000 he had received as a gift from his grandmother in Bitcoin; this investment has apparently blossomed alongside Bitcoin, making Finman a millionaire before he could even legally drink. Fast forward to today, Finman doesn’t seem…

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Crypto Meltdown: Bitcoin and Other Cryptocurrencies Plunge to Lowest Prices in 2018

Crypto Meltdown: Bitcoin and Other Cryptocurrencies Plunge to Lowest Prices in 2018

Winter is coming! That is if it isn’t here already. This year hasn’t been a very good one for cryptocurrencies and it seems the worst is yet to come. Fear in the crypto sphere is being fuelled by the recent slump of Bitcoin ($5,219, -5.6%) and other cryptocurrencies such as Ripple ($0.482, -4.87%), Litecoin ($37.63, -9.74%), and Ethereum ($153.9, -11.4%). According to a Bloomberg report from November 16, cryptocurrencies have yet to receive another blow…

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