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Bitcoin

Japanese E-Commerce Giant DMM Unveils Bitcoin Mining Plans

The Bitcoin mining ecosystem direly needs more decentralization. Although people from all over the world participate a few pools effectively control the network. Japan’s DMM Group will look to change all of this in the near future. The company announced plans to launch a Bitcoin mining operation. The will also …

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How does Bitcoin work?

The basics for a new user As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can …

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Bitcoin

China Ban on ICO is Temporary, Licensing to be Introduced: Official

During an interview with state-owned national television network CCTV-13, Hu Bing, a researcher at the Institute of Finance and Banking, a Chinese government-supported academic research organization, claimed that the government’s ban on initial coin offerings (ICOs) is only temporary. The Chinese Academy of Social Sciences and its Institute of Finance and Banking are affiliated …

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Bitcoin

Bitcoin extends losses to drop below $4,000 amid China uncertainty

Investing.com – Bitcoin, the world’s biggest digital currency by market cap, briefly fell back below the $4,000-level on Sunday, extending weekend losses on reports saying that China was planning to shut down local cryptocurrency exchanges. Bitcoin sank to a low of $3,974.10 and last traded at $4,138.60 by 10:15AM ET (1415GMT), …

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Bitcoin

Bitcoin Price Continues to Fall as Chinese Exchanges Trade $600 Lower

BITCOIN PRICE KEEPS SLIPPING Just yesterday, it appeared as if the Bitcoin price had reached a bottom near the US$4,200 mark. With the price hovering around that value for several hours, it appeared to be the low for the time being. Unfortunately, that turned out to not be the case, as the Bitcoin price continues …

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Bitcoin

Howard Marks: “There’s no Reason Bitcoin Can’t be Labeled as a Currency”

In the eyes of most people, Bitcoin is not a currency. That status quo may not change anytime soon either, unfortunately. However, Oaktree Capital founder Howard Marks has a very different opinion. While originally a skeptic, Marks has started to warm up to cryptocurrency. In his opinion Bitcoin should be …

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Bitcoin

Bitcoin’s price tanks after report China may shut down exchanges

The price of bitcoin fell sharply after a report China’s regulators are planning a further crackdown on the digital currency. Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation. Bitcoin’s price fell 7 percent midafternoon Friday after the news, according to Coindesk …

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Bitcoin

Howard Marks: ‘bitcoin speculative bubble’

Howard Marks reassessed his thoughts on bitcoin after starkly warning his clients against the high-flying digital currency in July. The co-chairman of Oaktree Capital is famous for his prescient investment memos, which predicted the financial crisis and the dot-com bubble implosion. “There has been particularly spirited response to my comments on digital currencies,” …

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Bitcoin

Bitcoin Price Tumbles on This Potential Threat In China

Bitcoin fell sharply on Friday after a report from a Chinese news outlet said China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback. Sources close to a cross regulators committee that oversees online finance activities told Chinese financial publication Caixin that …

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Bitcoin

China is going to shut down local exchanges

Another day, another crash and another Chinese ban. This time, as Reuters spotted, a single report from financial news site Caixin is saying that the Chinese government is considering banning cryptocurrency exchanges in China. In particular, the report is saying that Chinese citizens won’t be able to use exchanges to buy bitcoins, ethers and more using Chinese yuan, …

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Total Cryptocurrency Transaction Value May Surpass $1 Trillion

TOTAL CRYPTOCURRENCY TRANSACTION VALUE IS ON THE RISE The research by Juniper foretells a rather interesting future for Bitcoin and most other cryptocurrencies. With so many coins finally cementing their place in the ecosystem, it is only a matter of time before we see some big changes. The combined transaction value of all …

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Bitcoin

The Bitcoin Is Dead, Long Live Bitcoin

It’s time to stop talking about Bitcoin as if “one bitcoin” is a normal thing that anyone uses or even owns. It’s bullshit. One bitcoin, indicated as “1.0” in the system, is worth more than $4,000 USD right now. What you may not know, though, is that “one bitcoin” can …

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Bitcoin

Bitcoin’s price tanks after report China may shut down exchanges

The price of bitcoin fell sharply after a report China’s regulators are planning a further crackdown on the digital currency. Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation. Bitcoin’s price fell 7 percent Friday after the news, according to Coindesk market …

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Bitcoin: Double, Double Toil and Trouble…Or Not

Is bitcoin a bubble? That question has rattled around the markets for some time given the massive gains posted by the crypto-currency, even after the selloff it endured early this weekwhen China announced a ban on initial coin offerings. Now trading above $4,600, bitcoin has risen more than 375% since the start …

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Bitcoin

Howard Marks Issues a Mea Culpa on Bitcoin, But He’s Still Not Investing

Bitcoin, in fact, boasts a key attribute that may spur the digital method of exchange to serve as an alternative to legal tenders and as a store of value in the years to come: the simple fact that people believe in it. “What bitcoin partisans have told me subsequently is …

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Bitcoin

Lightning’s Next Act: Decentralizing Bitcoin Mining?

Developer Chris Belcher thinks he’s found a way to fix bitcoin mining – and it notably takes its inspiration from the network’s much-discussed Lightning Network proposal. The idea is notable in that it showcases both the evolving nature of bitcoin as a technology, as well as how its developers are finding …

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Bitcoin Price Technical Analysis for 09/07/2017 – Bulls Back At It Again!

Bitcoin Price Key Highlights Bitcoin price continues to crawl higher and is making its way above the area of interest to aim for the channel resistance. However, technical indicators are signaling that the rally could slow down. If so, bitcoin price could make another dip to the channel support before …

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Bitcoin

Indian State of Andhra Pradesh Embraces Blockchain for Protecting Citizen Information

India has been gingerly moving toward Blockchain technology for a number of solutions in recent months, though still refusing a wholesale adoption of cryptocurrencies. The next application of Blockchain technology in India, however, has been announced as a partnership between the seventh largest Indian state, Andhra Pradesh (AP), and WiseKey, a Blockchain security company. …

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