Blockchain 

Bitcoin Mutual Fund Will Help Asian Investors to Trade Cryptos

Even a couple of years ago, something called a Bitcoin mutual fund would have been regarded as a fanciful notion by most people and perhaps rightly so. However, during this period, a lot of advancements have taken place in the crypto world, and a genuinely strong ecosystem has emerged. That has now made it possible for a lot of new products to be introduced by enterprising firms. One of those is the mutual fund backed by Bitcoin. Increased Participation In a new development that should come as good news for…

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Blockchain 

Ripple (XRP) Soars 15% Suddenly, Other Cryptos Follow

The cryptocurrency space might have seen a remarkable surge in the first half of the year, but that was not the case with Ripple (XRP), the world’s third-biggest cryptocurrency by market cap. Ripple’s Rally a Boost for the Crypto Market As a matter of fact, XRP’s poor performance during the height of the Bitcoin rally prooved to be a huge bone of contention in the XRP community. However, that problem might be coming to an end as the XRP token has experienced a massive surge today, and over the course…

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Blockchain 

Bitcoin Miners Turn Profitable | Good News for Cryptos?

One of the things that do not often come into the surface is the work done by Bitcoin miners when it comes to the overall cryptocurrency ecosystem. Miners are the ones who actually create the Bitcoin tokens and are given a reward for each completed block. Hence, when Bitcoin went through its downturn for the whole of 2018, it was a bad time for miners, and many had to wind up their operations. What’s Coming Ahead? However, when the remarkable bull run commenced earlier this year, it made for a…

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Blockchain 

Bitpoint Hacked for $32 Million, Another Example of Crypto’s Volatility

A Tokyo-based cryptocurrency exchange called Bitpoint has suspended operations after it lost $32 million to a hacking last night. The company that runs the exchange, Remixpoint, discovered that ¥3.5 billion worth of various digital currencies had disappeared under its management. Bitpoint Hacked and Suspends Operations According to the exchange, the funds went missing from a hot wallet (a wallet connected to the internet), but other funds held in cold wallets or offline haven’t been affected. The hacking was brought to light when an error appeared in the exchange’s outgoing funds…

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