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Markets Are Down, But Some Exchanges Are Doing Just Fine

As the old maxim asserts: those who made the most money in the gold rush were those who sold shovels. With our own digital gold rush in a downturn, however, the shovels aren’t selling so well, as mining companies themselves are struggling to move hardware because miners are struggling to turn a profit.As prices continue to flirt with key support points, both suppliers and miners are finding it harder to realize the gains they grew accustomed to in 2017, but people still need hubs to trade what has already been struck. In this case, marketplaces are doing just fine.At least, that’s what a handful of exchange representatives conveyed to Bitcoin Magazine at this year’s Blockchain Futurist Conference. Investors may be fretting over their returns; some may even be in a state of financial panic. But to exchange operators like Huobi, this volatility is par for the course, and it’s nothing that the industry hasn’t seen before.“Historically speaking, even though this is a bearish market overall, it’s not like the bitcoin price dropped to $500. I don’t think we’ll ever go back to that point, because so many people are aware of it. Eventually the market will go back,” Ross Zhang, the CEO of Huobi Canada, stated to Bitcoin Magazine.Looking down the barrel of a bear market, a top exchange like Huobi, which Zhang claims is no stranger to $1 billion in daily trading volume, has had little trouble staying afloat. Excep...

Apple Co-Founder Steve Wozniak Flip-Flops on Blockchain, Joins Crypto Startup

Apple co-founder Steve Wozniak discussed his involvement in a new crypto startup company and his interest in blockchain in general in a NullTx interview earlier this week. The tech prodigy became interested in Bitcoin after learning about the potential of decentralized ledgers and becoming intrigued by the mystery of who invented it, also impressed withThe post Apple Co-Founder Steve Wozniak Flip-Flops on Blockchain, Joins Crypto Startup appeared first on CCN

Fake Elon Musk Isn’t Giving Away Cryptocurrency on Medium

Even though current prices would not necessarily reflect it, the cryptocurrency industry is in a good place. Global interest in Bitcoin and altcoins continues to rise, although there is still a very long way to go before mainstream adoption becomes a thing. Unfortunately, this growing industry also attracts a lot of scammers, as a fake […]

Blockchain Brings True Item Ownership to Gaming Ecosystems

Blockchain has proved to be a real game-changer, which already brought disruption to a number of industries. Now the technology moves to gaming offering ultimate control and most immersive experience ever. The post Blockchain Brings True Item Ownership to Gaming Ecosystems appeared first on CoinSpeaker.

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