Binance Rings Crypto Bear Death Knell with $71 Million Q1 2019 Profit

By CCN.com: Across major markets, the bitcoin price has increased by 28 percent in the past month from around $ 4,000 to $ 5,000, recording its first large spike in value since December 2018. Possibly due to the general improvement in sentiment surrounding the cryptocurrency market, Binance has recorded a relatively large profit in the first quarter of 2019. According to the estimates published by The Block, Binance generated a profit of over $ 78 million in the first quarter of 2019, up 66 percent from the first quarter of 2018. Such a substantial increase in the profit margin of Binance from early

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Bear Market Blues: Bitcoin Hardware Wallet Trezor Could Lay Off 10% Staff

The bear market has been hardest on crypto accessory providers. Ledger and Trezor produce hardware wallets. The added security of a hardware wallet may be a hard sell to people who already feel they’ve invested in a losing asset, and nowhere is this more evident than in Ledger’s declining sales and recent news that it’s considering layoffs up to 10% of its 200-strong workforce. Ledger May Lay off 20 Support Staff According to Presse Citron, a French outlet, Ledger is currently considering laying off 20 people in its support division but hasn’t pulled the trigger yet. Ledger has been versatile

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Bitcoin Rally Coming: Crypto Bear Market Ended in Jan 2018, Says Analyst

On Friday, economist and global markets analyst Alex Krüger ‏said that the crypto bear market has been over for more than three months and if bitcoin breaks out of the $ 4,200 resistance level, it will mark the end of the 15-month bear trend. “The crypto bear market has been over for three months now. BTC breaking above 4200 will mark the end of the bear trend that started in January 2018. Going to miss this big fellow,” Krüger said. Throughout the past three months, the bitcoin price has remained in a relatively tight range between $ 3,400 to $ 4,000. For most

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