Hashflare Shuts Down Bitcoin Mining Service and Cancels All Bitcoin Contracts

Hashflare, a so-called “cloud mining” service that allowed speculators to effectively rent processing power on the Bitcoin network, announced Friday that it had shut down its Bitcoin mining hardware and canceled related contracts. The company says the cancellations are in accordance with its terms of service, but many users are also reporting that the company has placed strict new controls on withdrawals, fueling longstanding allegations that the operation is not above board.

Read more…

Ethereum Price Weekly Analysis: ETH/USD Could Revisit $422

This past week, there was a solid upside move above the $500 level in ETH price against the US Dollar. The ETH/USD pair traded above the $510 level, but it failed to hold gains. As a result, there was a bearish reaction and the price declined below the $500 and $485 support levels. The price even declined below the $460 support and the 100 simple moving average (4-hours).

Read more…

Bitcoin Makes Major Headway: CFA Exam Will Now Include Crypto Topics

Cryptocurrencies and blockchain technologies are making serious headway in the financial industry, the most recent sign being the decision by the CFA Institute, which offers the Chartered Financial Analyst designation, a three-level program, to include cryptocurrencies and blockchain to its Level I and II curriculums next year, according to Bloomberg. The material for the 2019 exams will be available in August.

Read more…