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Bitcoin

Gold Outshines Bitcoin After N. Korea Bomb Test & China ICO Ban

China banned initial coin offerings over the long weekend, sending bitcoin’s value lower while gold rallied as North Korea’s bomb test rattled markets. The Bitcoin Investment Trust (GBTC) slumped 12% in early trading Tuesday, while the SPDR Gold Shares (GLD) was up 0.7% in recent trading. The Vanguard FTSE Emerging markets exchange-traded fund (VWO) was down …

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Bitcoin

Indian Bitcoin exchanges urge investor restraint in a highly volatile market

Bitcoin prices have shed 20 per cent the past three days from about $5,000 per unit in international market to $4,030 on Tuesday morning. In India, however, investors are rushing to buy the crypto currency and domestic prices are quoted at 20 per cent premium. The country’s leading Bitcoin exchange, …

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Bitcoin

Chill, Bitcoin’s Still Cool. What’s That Burning?

You all need to just chill out a little. Seriously. Bitcoin took a hit over the last few days because of China. That has cryptocurrency markets in a panic. But if we channel the deeper sentiment of the true believers, even a massive crackdown on initial coin offerings won’t be …

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Bitcoin

Bitcoin takes a hit as China bans cryptocurrency offerings

China has a new target on its internet hit list: cryptocurrency. The People’s Bank of China banned initial coin offerings — raising funds by launching new digital tokens — following a series of investigations, it announced Monday. There was no mention of cryptocurrencies such as Bitcoin or its rival Ethereum, but the …

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Bitcoin

Alibaba vs Amazon, Bitcoin Bonds, India Targets China

For years, it looked to some like Ma’s Alibaba Group Holding Ltd. was simply following in the footsteps of Bezos’ Amazon.com Inc., the world’s largest e-commerce company. Just like Seattle-based Amazon, China’s online shopping giant started a cloud-computing business and created original entertainment content. But when Amazon’s $13.7 billion bid …

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Bitcoin

Bitcoin tumbles as PBOC declares initial coin offerings illegal

Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. The People’s Bank of China said on its website …

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Bitcoin

Stargroup ATMs Adding New Bitcoin Trading Features

[table id=1 /] Australian firm Stargroup plans to modify the company’s network of ATMs to provide them with Bitcoin trading capability, as part of a new deal with blockchain company DigitalX. The initiative will begin with the conversion of 500 of Stargroup’s Australian machines, dramatically increasing the number of Bitcoin …

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Bitcoin

Ukraine Will Determine the Legality of Bitcoin in 3 Weeks

Defining Bitcoin or any other cryptocurrency as a legal asset is not as straightforward as some people may think. Various countries around the world are currently in the process of determining the legality of cryptocurrencies in their respective regions. Interestingly enough, the number of countries attempting to ban Bitcoin is pretty …

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Bitcoin

Scandinavia Leads Europe With Latest Bitcoin Exchange Traded Note Launch

More and more crypto-backed, financial products have been hitting the market, though most of them are not yet accessible via a public exchange. In the U.S., investors are still waiting on a bitcoin exchange traded fund (ETF) to be approved by the SEC. But, in Europe, investors already have a …

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Bitcoin

London developer to allow rental tenants to pay deposits in bitcoin

A London property developer is to allow its tenants to pay their deposits in bitcoin – the first time the virtual currency has been used in the UK residential homes market. Co-living pioneer The Collective has announced that prospective tenants can pay deposits from Monday in bitcoin. By the end …

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Bitcoin

Breaking Bitcoin: Paris is Set to Host a New Technical Bitcoin Conference

A brand new technical conference is hitting the Bitcoin space this week. Loosely inspired by the well-known Scaling Bitcoin workshops, the French Bitcoin community will host the Breaking Bitcoin conference in Paris, on September 9 and 10. The conference has an explicit focus on security and is targeted at an …

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Bitcoin,Litecoin and cryptocurrency: a viable option for ecommerce businesses

After reaching record highs year-to-date, Bitcoin and Litecoin, dubbed its “little brother”, are making big waves in the crypto-industry. Bitcoin now has a greater total valuation than payment-processing leader PayPal (PYPL) and could be seen as a viable currency for e-commerce businesses processing digital payments. A cryptocurrency is a digital …

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Bitcoin

Bitcoin price drops $200 after new ruling from Chinese regulators

The price of bitcoin fell sharply after Chinese regulators announced a ban on organizations from raising funds using initial coin offerings (ICOs). ICOs allow start-ups to raise investment by selling new cryptocurrencies, which are similar to bitcoin, in return for cash. However, the People’s Bank of China says this practice, …

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Technology, blockchain and the natural resource curse

The “paradox of plenty,” natural resources are both a gift and a curse to emerging economies. Rather than providing a flourishing economy, often the result of discovering an abundance of new resources is quite the opposite. The story is repeated over and over again throughout the world. Countries rich in …

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Bitcoin offers wealth creation opportunities for Iran, post-Soviet states

UK-based expert has forecasted bright future for Bitcoin in Iran and post-Soviet countries, as the digital currency keeps climbing. “For many places, like Iran and post-soviet countries, Bitcoin is being embraced for the intellectual challenge, as well as the wealth creation opportunities. With the vast intellectual and technological abilities of …

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South Korea Tightens Bitcoin Regulations, Will ‘Punish’ ICOs: Report

South Korean regulators are reportedly strengthening the regulation and monitoring of digital currencies including bitcoin. South Korea’s digital currency task force – a group comprising of the country’s central bank, financial regulators and digital currency companies – have discussed increased regulatory oversight into trading and business practices as a means …

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Bitcoin Price Falls Sharply After Reaching $5,000 High

The value of bitcoin fell sharply Monday, not long after the cryptocurrency crossed the $5,000 mark on Friday. At one point, the price dipped below $4,400 in value, representing a drop of around 12% since the Friday evening high. Ethereum, meanwhile, traded Monday morning at around $312, down around 20% …

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Bitcoin Price Drops By Over $250 as Crypto Markets Lose Billions

Just two days after achieving a historic high of over $5,000 on September 2, bitcoin’s price has plummeted to below $4,400. The notable sell-off – the biggest in the crypto markets since July 15 – began immediately after the record high of $5,013.91 had been reached Saturday, and has continued today, according to data …

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