When it comes to the cryptocurrency industry, some countries are just better at embracing it than others. The self-described “blockchain island” itself, Malta, is one such example. While previously known for its picturesque vistas and breathtaking beaches, the country is now making waves as being a key player in industry adoption.
Authorities from the island nation have been very vocal about the importance of embracing both blockchain and virtual currencies and also want to share their knowledge and policy-making skills with other countries. It seems as if the nation also wants to give credit where its due, which is where its Malta Blockchain Awards come in.
According to a Medium post, the awards, which were held on the 31st of October, were part of Malta Blockchain Week. The seven-day event was an opportunity for professionals and enthusiasts to network and learn more about the industry. The awards were a way to highlight the work of certain platforms that work with Malta. In addition, all proceeds will be going to charitable causes.
It’s a Win for OKEx
One of the honors was the Crypto Exchange of the Year 2018 award, which was presented to the OKEx exchange. Like many well-known platforms, OKEx expanded their operations to Malta, and the exchange continues to have an open relationship with authorities when it comes to revolutionizing the industry.
OKEx beat its fellow nominees, Binance and BitPay. . . . .
Binance is going for an 8 hour maintenance and a whale moved 25K BTC & ETH coins. An upcoming breakout spotted on the daily, also we are calling it.. the volatility will start today until the 15th. Opening a long between 6300$ & 6320$ towards 6482$. On the daily and the 4 hours chart signs of an invert head & shoulders pattern indicating a change of trends.
The President of the Republic of the Marshall Islands Hilda Heine has survived a no confidence vote that was prompted by her plans to introduce a national cryptocurrency, A Swiss crypto startup will offer custodian bank functions and intends to receive an e-regulatory license in the first half of 2019.
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Is it finally over, expect some volatility starting today until the 15th of this month. ☝🏻
9 341 hours ago
News of withdrawal, CONGRATULATIONS Buddy.
4 291 hours ago
Heard of bitcoin mining? This is what a mining rig rack looks like. Deep down the blue sea goes the stack of reward.. Throughout 2018, the cryptocurrency market experienced the fourth worst correction in its nine-year history, as Bitcoin lost more than 69 percent of the value from its all-time high of $19,500.
Despite the substantial decline in the price of Bitcoin (BTC), which heavily affects the earnings of miners, the hash power of the Bitcoin network has continuously increased throughout the past 10 months, from 15 million TH/s to over 50 million TH/s from January to October. As portrayed by the research of blockchain analyst Barclay James, the breakeven cost of mining Bitcoin at 35 million TH/s is around $6,900. The formula employed by James considers the hash power of the Bitcoin network, the hashing power of an ASIC Bitcoin miner, and the efficiency of each miner in producing BTC:
# units = global hashing power ÷ unit hashing power ÷ unit efficiency
Given the cost of Bitcoin mining, when its hash power is currently around 35 million TH/s and the value is $6,400, the breakeven cost of Bitcoin is in the $7,000 to $8,000 range. Which means, at $6,400, Bitcoin miners are losing money by generating BTC and are solely relying on their expectations of the price of BTC to eventually increase in the months to come.
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Stan Lee, the legendary writer, editor and publisher of Marvel Comics whose fantabulous but flawed creations made him a real-life superhero to comic book lovers everywhere, has died. He was 95.
26 38210 hours ago
Binance has announced that they have launched an analysis wing, ‘Binance Research’ to work towards creating institutional-grade research reports. The company has stated that the reason that they have come up with this is to increase the transparency and quality of information in the crypto economy. However, market analysts and insiders see it as a move to attract big players and institutional investors.In addition to this, Binance is also working towards the creation of sub-accounts for institutional players. The platform will support as many as 200 sub-accounts per client and every account would get its own dedicated overview features such as trading overview, order history, login history, etc. Moreover, the company has also announced that the transfer between these sub accounts won’t be charged a transfer fee.