Bitcoin

Bitcoin Bull Novogratz Doubles Down On Crypto, Now Owns 80% Of Galaxy Digital

Bitcoin Bull Novogratz Nows Owns 80% Of His Crypto Firm Mike Novogratz, formerly of Fortress Financial, went all-in on crypto following his stint at Wall Street giant Fortress Investments. After retiring from the investment group in 2015, rumor has it that he went on a personal journey, finding Bitcoin (BTC) …

Bitcoin

What’s Ahead for Bitcoin and Other Cryptocurrency Regulation in 2019

While 2017 was hailed as one of the most impressive bull markets in cryptocurrencies’ short history, 2018 saw the proverbial rocket ship come back to earth. The year was partly defined by the increasing scrutiny by regulators of the crypto and blockchain industries. Institutional entities both private and public have …

Bitcoin

Bullish trend pushes BTC up – is this the recovery bitcoin needed?

In the face of several regulatory setbacks for Bitcoin this week, BTCC co-founder Bobby Lee and Fundstrat Global Advisors’ Tom Lee both went on record in recent days to forecast a turnaround in the fortunes of the largest cryptocurrency. “When (Bitcoin) passes the USD $60,000 price level in the coming …

Bitcoin

Could Bitcoin Fall To $4,000 In The Coming Weeks?

Bitcoin prices have repeatedly suffered weakness over the last several months, and recently, a Bloomberg analyst predicted that the digital currency could fall to as little as $4,000. “Bitcoin is in dump mode, following the pump run-up on the potential for a U.S. ETF,” Bloomberg Intelligence analyst Mike McGlone stated during a …

Bitcoin

Beware Fintech Firms Bearing Bitcoin

Fintech startups have long had trouble turning feel-good rhetoric into profitable growth. Competition is intense, consumers tend to want things for free, and dinosaur banks are far from extinct. To make matters worse, finance just isn’t as addictive as messaging or catching up with friends. That counts in an era …

Bitcoin

North Korea may have made as much as $200 million from Bitcoin, according to expert

north Korea may have raked in more than $200 million in digital cryptocurrency transactions last year, diluting the impact of stiff international sanctions over its nuclear and missiles programme. The huge haul of an estimated 11,000 Bitcoins was revealed by Priscilla Moriuchi, a former US National Security Agency officer, in …

Bitcoin

Two Bullish Signs For Bitcoin

After a prolonged correction, Bitcoin is back big time. The “people’s currency” gained close to 7% this week, stabilizing around the $11,000 mark. Is this comeback for real? Hard to say, as there are hardly any “fundamentals” to judge whether Bitcoin is undervalued or overvalued at these levels. Still, there …

Bitcoin

Litecoin vs Bitcoin: Comparing Two of The Most Popular Cryptocurrencies

Litecoin vs Bitcoin Litecoin vs Bitcoin. Which one is better? Everyone from qualified economists to Redditors have been comparing the two since Litecoin came into existence in 2011. The conversation not only discusses these coins individually and against each other, but also pertains to a more complex debate over what it takes …

Bitcoin

Chinese bitcoin mining giant sets up Swiss hub

One of the world’s largest bitcoin miners is setting up a hub for European operations in Switzerland, a person familiar with company has confirmed to swissinfo.ch. The Chinese firm Bitmain Technologies is setting up in Zug just as the Chinese authorities move to shut down cryptocurrency miners. Bitmain Technologiesexternal link builds …

Bitcoin

Is Kim Jong Un one of the Main Factors behind Bitcoin’s Price Surge in 2017?

Is Kim Jong Un one of the Main Factors behind Bitcoin’s Price Surge in 2017? The North Korean dictator Kim Jong Un could very well be one of the main reasons why bitcoin has been rapidly gaining momentum in the past few months, at least according to some experts in …

Bitcoin

Bitcoin Exchange Youbit to Declare Bankruptcy After Hack

A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating hack and theft. A message on Youbit’s official website posted today states that, at around 4:34 a.m. local time, an external hack resulted in the loss of “about 17 percent of total assets.” The cyber …

Bitcoin

After China, India’s central bank warns: Beware of bitcoin

Over the weekend, it was China’s central bank. Then, on Tuesday (Dec. 05), the Reserve Bank of India (RBI) warned investors against betting on bitcoin and other cryptocurrencies. “So there’s only one thing we can do—watch it from the bank of a river,” Pan Gongsheng, deputy governor of the People’s …

Bitcoin

Bitcoin Surges Above $12,000 For the First Time

Bitcoin extended its eye-popping rally on Wednesday, breaking above $12,000 to a record high despite questions about the cryptocurrency’s real value and worries about a dangerous bubble. Bitcoin received a boost after Friday’s announcement by the main U.S. derivatives regulator that it would allow CME Group Inc and CBOE Global …

Bitcoin

What You Need To Know About Bitcoin And Bitcoin Cash

Bitcoin has been caught up in a protracted scaling debate since early 2015, when the first solutions were proposed by Jeff Garzik, Gavin Andresen and Mike Hearn, all well known and respected bitcoin core developers at the time. Each of these proposed changes revolved around a quick increase to the blocksize, the …

Bitcoin

Bitcoin Is Very Close to Crossing This Major Milestone

Last week, former hedge fund manager Mike Novogratz predicted bitcoin would cross the $10,000 mark by the end of this year (it was worth around $8,300 at the time). And venture capitalist Tim Draper made the same prediction three years ago, when it was worth around $424. Right now it looks like those were …

Bitcoin

What Happens When the World’s Largest Remittance Market Regulates Bitcoin?

Earlier this week, CCN reported that the Supreme Court of India request the central bank and the authorities to provide clarity on the regulatory framework surrounding bitcoin and the cryptocurrency market. “According to Indian news daily The Hindu, three justices from India’s Supreme Court – the highest court in the …

Bitcoin

4 Top-Performing Alternatives to Bitcoin

While Bitcoin dominates the headlines, its underlying blockchain technology has spawned a new ecosystem of alternative cryptocurrencies, known as “altcoins.” Following Bitcoin’s staggering 1,000% moonshot of the past 12 months, a fresh wave of capital has flooded the space searching for the next 10-bagger. Altcoins arrived on the scene via …

Bitcoin
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What is an ICO, and why is China’s central bank banning it?

An initial coin offering (ICO) is a form of crowd-sourced fundraising that uses cryptocurrencies. Also known as digital currencies, or virtual currencies, cryptocurrencies work as a medium of exchange using encryption to secure transactions and for creating (known as mining) additional units. Cryptocurrencies, the best known of which is the …