CRYPTOSILV

Back in July, when Bitcoin was trading around $7,500 and the price was climbing, Arthur Hayes, co-founder and CEO of cryptocurrency exchange BitMEX, predicted Bitcoin could continue to drop. He marked $5,000 as a possible bottom, before a big market rally could propel Bitcoin to an astonishing new all-time high of $50,000 by the end of the year. While Bitcoin and the cryptocurrency market as a whole is searching for widespread adoption and critical developments tackling security flaws and solving scalability issues, Hayes made his assessment based on market behavior. In a July interview with CNBC, he explained why he believes the summer months and a financial world of globe-trotting vacationers is at play. His expectation: the markets will heat up in Q3 and Q4. Hayes is a former equity derivatives trader and market-maker for Deutsche Bank and Citibank’s Exchange Traded Funds (ETF). He co-founded Hong Kong-based BitMEX in 2014. The exchange is now valued at $3.6 billion on a ...

Bitcoin bull Tom Lee believes that Ether futures trading may hurt the cryptocurrency but could benefit Bitcoin. If there’s one thing you can say about Fundstrat’s Tom Lee, it’s that he’s very optimistic about Bitcoin. In early July, Lee stood by his prediction that the price of the world’s number one cryptocurrency would hit $25,000 by the end of the year. Since then, he has consistently maintained that market trends show that BTC price will rise throughout the latter half of 2018. Now he’s found an unlikely ally in the potential gains of BTC – Ether futures trading. What Hurts Ether… Lee was recently commenting on Cboe announcing that they were close to launching Ether futures trading. He took the approach that such a circumstance could actually harm the altcoin. The main reason why futures trading could be bad for Ether is that it would allow bears to bet against it, thus having the potential to knock its value down quite a bit. Lee cites how the price of BTC fell dr...

Bitmain has announced the launch of two internet routers that can mine Dash and Siacoin. In a tweet shared online, the company said the new miners, known as the Antrouter R3-DASH and Antrouter R3-SIA, will function as internet routers that can mine cryptocurrencies at the same time using the devices’ idle processing power. The routers are models from Bitmain’s R3 series of products, which already includes the R3 Litecoin Mining Router. Earlier this year, Canaan Creative, the second largest manufacturer of mining equipment in the world launched the AvalonMiner Insider, a smart TV that doubles as a bitcoin mining device with the capacity to process 2.8 trillion hashes per second. As expected, the capabilities of these dual-purpose miners are limited compared to professional miners. It also seems to be targeted at amateur miners who are not after making profits, but love the idea of mining cryptocurrencies. The product page of the Antrouter R3-DASH’s shows the specificatio...