VanEck plans to launch a bitcoin fund designed for institutional investors that The Wall Street Journal falsely describes as a “limited version of a crypto ETF.” | Source: Shutterstock The bitcoin bulls have wrestled back control of the BTC price, with the leading cryptocurrency barreling for $11,000 once again. While the positive momentum emerged over...Read More
This week, Litecoin creator Charlie Lee tweeted another round of criticism against Dash, claiming that the coin has become a highly centralized project. This is just the latest potshot in Lee’s long-running feud against Dash, which seems to have become his favorite target. Lee has even called Dash “trash” and “a scam“ in the past....Read More
With many industries globally finally embracing the benefits associated with cryptocurrency payments, the travel industry is also stepping up to include it in its business operations. Doing so is contributing towards increasing adoption of cryptocurrencies across all sectors. Booking platform Travala’s recent revelation that more than 62% of its bookings were done using digital assets...Read More
Bitcoin bull Anthony Pompliano wants Satoshi Nakamoto to win the Nobel Peace Prize, but other crypto fans aren’t sure that’s a good idea. | Source: Shutterstock Whoever the real Satoshi Nakamoto is, one long-time Bitcoin enthusiast thinks he, she, or they should win the Nobel Peace Prize. The recommendation came from Anthony “Pomp” Pompliano, a...Read More
Oil-rich economies of the Middle East and North Africa are looking for ways to diversify, and the Jibrel Network (JNT) is leveraging blockchain technology to make it happen. Private financing has a new avenue for building wealth, according to the development company, with “young and tech-savvy entrepreneurs” in the region moving into new industries and...Read More
Since the end of June, Ethereum’s price has been progressively declining as the bulls have failed to pick up pace after their 3-month run. ETH’s valuation dipped below the support of 239.43 and at press time, it was acting as a major resistance. Over the past week, the valuation witnessed another slump down to $163.9,...Read More
China’s link with cryptocurrency is not only limited to government initiatives but also the local users that still dominate the Bitcoin mining landscape. Primitive Ventures’ Dovey Wan, who also holds deep understanding of China’s financial market, recently claimed the aforementioned reason as the primary factor for China’s sizable local crypto supply. She also added, “Probably...Read More
Interest in cryptocurrencies like bitcoin tumbled 13.9% in Japan in the latest quarter, according to Japan’s financial regulator, the FSA. | Source: Shutterstock Interest in cryptocurrencies like bitcoin tumbled 13.9% in Japan, according to the country’s financial regulator. In data posted Sept. 3, the Financial Services Agency (FSA) says the volume of crypto-related inquiries fell...Read More
Bitcoin has bounced back above the $10,000 level, gaining over $700 since Sunday. Here are three of the main drivers for why the dominant cryptocurrency is rallying right now. Binance & Bitfinex Announce Bitcoin Derivatives While Bitcoin started as a decentralized digital currency meant for peer-to-peer transactions, crypto exchanges reshaped the coin’s flow by handling...Read More
Crypto markets are back with a vengeance. Following a lukewarm Monday start, BTC jumped 6% in a single four-hour period. The rest of the market followed Bitcoin into the green, though altcoins are showing smaller gains – resulting in fresh highs for Bitcoin dominance. Cryptocurrency market dynamics since September 2. Source: Coin360 The rise has...Read More
Bitcoin bounced right off of the key triangle support on all time-frames at $9,350 on the 30th of August causing bullish divergence to play out. Since then price levels have pumped to $10,700 as price levels near a key breakout point. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see where...Read More
PwC Luxembourg will accept your bitcoin for services rendered. | Source: Shutterstock The Luxembourg unit of the Big Four accounting firm PricewaterhouseCoopers has announced that its clients will be able to pay for services in Bitcoin a month from now. In a press release, PwC Luxembourg indicated that it will begin accepting Bitcoin payments from...Read More
The current payment infrastructure surrounding retail stores prevents them from tapping into potentially substantial businesses from the cryptocurrency community. Eligma is an one of the growing exceptions, with the firm raising over €4 million ($4.4 million USD) in investments from Bitcoin.com and Pangea Blockchain Fund. Eligma plans to bridge this gap using Elipay – an...Read More
Bitcoin has had a fantastic start to the new trading week and is now trading above its monthly pivot point, around the $10,650 level. More impressive still is that the Bitcoin price has completely eroded all of the losses from the bearish drop on August 28th, and is now holding above the technically important $10,280...Read More
Even though Amazon is yet to announce any plans for its own digital assets, a new report which surveyed opinions from several analysts, has claimed that Amazon is very likely to announce a Libra competitor. A few months ago, Facebook revealed plans for its own cryptocurrency called the Libra, and also announced the Libra Association....Read More
Bitcoin price crossed the $10,000 mark almost 20 times in the past two months – but some analysts are hopeful that this week may have been the last time we see BTC under five figures. Bitcoin Flip-flops Over $10K Again Discussing data tracking BTC/USD since the start of July, the analytics entity known as Skew...Read More
The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have...Read More
Bitcoin Futures have faced unusual hurdles from the US authorities. There are ways around this but these ways are often limited and high risk. However, Vaneck Securities and Solidx seem to have found the solution. Due to the many regulatory hurdles that the United States Security and Exchange Commission (SEC) has placed on the implementation...Read More
Tuesday’s bitcoin price surge launched BTC as high as $10,750 on Bitstamp, decimating $68 million worth of shorts in the process. | Source: Shutterstock Bitcoin (BTC) is back in positive territory today. Yesterday’s surge of nearly 8% on Bitstamp saw BTC shoot back past $10,000 and then briefly clip the $10,750 mark on Tuesday. Most...Read More
All eyes are back on the world’s largest digital asset as bitcoin price shot up over $10,000 yesterday. BTC appears to have found a little stability in this price range for now, but there are still the detractors that are adamant that it is a speculator driven bubble. Peter Schiff Back Bashing Bitcoin The ‘safe...Read More
A new trademark dispute between the Electric Coin Company (ECC) and the Zcash Foundation (ZF) could spill over into other negotiations, potentially threatening the future of a prospective development fund. Zooko Wilcox-O’Hearn, ECC CEO and one of the founders of the Zcash project, has announced that the company will not move forward with existing plans...Read More
HSBC processed the first-ever Yuan-denominated blockchain-based letter-of-credit transaction for MTC Electronics over the Voltron blockchain platform. In a major milestone, banking giant HSBC completed the first-ever Yuan-denominated blockchain-based letter-of-credit transaction on Tuesday, September 3. Since long, HSBC has been working on introducing the use of blockchain technology to the traditional paper-based method of financing trade....Read More
The Financial Stability Board (FSB) has appointed Ryozo Himino, Japan’s top cryptocurrency regulator, as the new head of its Standing Committee on Supervisory and Regulatory Cooperation. FSA Cryptocurrency Regulator Joins FSB In a press statement issued on Monday (September 2, 2019), the international financial system watchdog announced Himino’s appointment. According to the press statement, the...Read More
A near million-dollar bitcoin ransom has secured the freedom of a kidnapped Chinese national in Sydney. | Source: Shutterstock The Chinese pre-university student who was reported kidnapped late last month in Australia for 80 Bitcoin has been rescued and reunited with his family. The Chinese Consulate-General in Sydney confirmed that the 20-year old Ye Jingwang...Read More
Mainstream financial and government institutions have begun embracing blockchain and cryptocurrencies recently. PricewaterhouseCoopers is one such institution, with the auditing giant very open about getting into the space over the past few months. PwC is in the news again after PwC Luxembourg recently announced in a press release that it would start accepting payments made...Read More
After a week of being in the doghouse, Bitcoin has finally broken through the $10,000 level and is back above it once again. BTC made a big move today right after Labor Day ended, jumping by almost $1000 in mere hours. Bitcoin is currently trading at $10,411 on Bitfinex, attempting once again to hold the...Read More
Photo: Unsplash One of Thailand’s most popular cryptocurrency exchanges, Bitcoin Co. Ltd has announced this Monday that it will be closing down its cryptocurrency trading department due to desires to focus on other niche markets. The reasoning behind the shutdown may sound satisfactory for outsiders, but for the traders themselves, it’s quite underwhelming. Several investors...Read More
Last Wednesday, French police shut down a massive botnet that managed to install malware on over 850,000 computers. This network was partially used to distribute ransomware and carry out data theft. However, it was also used for cryptojacking, allowing the attackers to mine Monero on their victims’ computers. The three-year-long operation earned the attackers millions...Read More
Bitcoin price trajectory is heading back to $20,000, BitMEX CEO Arthur Hayes has said as he returns to the spotlight after a month-long absence. Hayes Emerges For Conference In a tweet on September 3, Hayes, who at the start of August said he was abandoning public life, will attend the Invest Asia conference in Singapore...Read More
If implemented, Facebook posts will no longer show the number of likes or reactions to a post. The user who created the post can see a list of people and their reactions, but a number won’t be displayed. Will influencers suffer another slap in the face? Just after Instagram said it plans to hide Like...Read More
