Published By: HP Inc.
Published Date: Jul 03, 2019
hile Bitcoin took a bit of a beating in August 2018, it did little
to dampen interest in the obviously volatile cryptocurrency
market. Bitcoin lost 20 percent of its value in just two weeks in
August, according to some reports1
, and yet there appears to be
substantial optimism in the currency. According to one report2
, there were
96 new crypto hedge funds launched in the first seven months of 2018 and
when the Turkish Lira plummeted 20 percent in August 2018, there was a
surge in Bitcoin trading3
. Cryptocurrency is clearly here to stay and while that
may whet the appetite of brave investors, it’s also a magnet for crime.
Unsurprisingly perhaps, hackers are targeting4
exchanges but what many businesses and individuals may not
realize is that there is serious money to be made in actually
performing admin functions for the currencies themselves.
Called cryptomining, it can be big business. Some reports5
suggested that profits from mining have hit over $4 billion
Analysis on the key challenges, developments, and innovations affecting corporate and business finance. This edition helps you to compare your cost and growth assumptions with peers, establish a finance-friendly corporate culture, develop critical guidance-based skills on your team, mobilize global cash balances, increase the effectiveness of investor targeting, and improve business analytics.
Credit Union Times is the nation's leading independent source for breaking news and analysis for credit union leaders. For more than 20 years, Credit Union Times has set the standard for editorial excellence and ethical, straight-forward reporting.