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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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Bitcoin

European Central Bank and Bank of Japan: Blockchain Too Immature for Adoption

Project Stella has released its findings after a year long study of distributed ledgers. The 2016 attempt by the European Central Bank (ECB) and the Bank of Japan (BOJ) to adopt Blockchaintechnology for large banking transactions has determined that the technology is not ready to take over major institutional banking challenges. …

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Bitcoin
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Go Ahead, Try to Stop Initial Coin Offerings

(Bloomberg View) — China’s ban on initial coin offerings has provided a much-needed pause in the booming market, where people ranging from legitimate entrepreneurs to outright thieves attract money by selling digital tokens. But the move also raises a question: How can any government control a phenomenon that transcends national …

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Bitcoin

Payza introduces bitoin address manager for all account holders

Payza, a UK-based payments technology company has announced the launch of its latest cryptocurrency feature: Cryptocurrency Address Manager. This feature will allow all Payza members to generate and manage bitcoin and cryptocurrency addresses plus QR codes from within their Payza accounts. With the new addition, Payza members no longer need …

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Bitcoin

A NEW TURN OF THE SCREW IN CHINA PLUNGED THE BITCOIN

The trading platforms of these electronic currencies are now prohibited to convert these units in currencies hard, and, unless the west, insists that the chinese central bank (PBOC). Beijing — A new turn of the screw on regulatory of China, which has banned new issuance of currencies, cryptographic, has the effect …

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Bitcoin

Why You Should Worry About A Bitcoin, Crypto Bubble

Although I understand the concept behind Bitcoin-like currencies, there’s always an issue with how something involving money is regulated. With public companies, for example, you know exactly how many shares are outstanding and what they are worth. Cryptocurrency values are subject to coding. Blockchain is certainly a worthwhile technology, although …

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Bitcoin

Is The IRS Winning The War On Bitcoin Tax Cheats?

While the buzz around Bitcoin is well and truly reaching papers, airwaves, and TV screens across the globe, there’s something far less visible, but far more exciting at play. I’m talking about the IRS’ hunt for Bitcoin billionaires, or more specifically, individuals that have forgotten to, inadvertently, or deliberately flouted …

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Bitcoin

Bitcoin Price Breaks $4,500 Resistance in Wake of China’s ICO Ban

BITCOIN PRICE MOVES UP AGAIN After a few days of negative Bitcoin price pressure, things are finally heading back in the right direction. More specifically, the Bitcoin price dipped well below US$4,100 just yesterday, but it looks like this dip is all but forgotten at this point. With the Bitcoin price heading …

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Bitcoin

Bitcoin price on the rise again after falling $1,000 in three days

Two of the largest cryptocurrencies were seen to make a recovery after dropping significantly over the past few days. Both bitcoin and ethereum showed bearish signals following a decision by Chinese authorities to ban initial coin offerings (ICOs), which allow firms to raise funds by selling new digital tokens. Bitcoin …

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Bitcoin

Buying The Bitcoin Dip: ICO Regulations Have Little Effect On Bitcoin

Summary Bitcoin prices slide over the weekend on news of ICO regulation out of China. We explain why ICOs are different than Bitcoin. And we conclude as to why we think the Bitcoin sell off on this news is unwarranted. By Parke Shall Bitcoin prices fell significantly over the course …

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Why You Should Worry About A Bitcoin, Crypto Bubble

My back hairs go up when I see an unregulated financial vehicle that few really understand. When it comes to cryptocurrencies, I have a lot of concerns. Although I understand the concept behind Bitcoin-like currencies, there’s always an issue with how something involving money is regulated. With public companies, for …

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Bitcoin

Two Business Icons Launch New Bitcoin Mega Development

In a world-first, apartments will be priced and sold in the cryptocurrency, Bitcoin Spanning over 2.4 million square feet, split across two 40-storey residential towers, and above a huge shopping mall Aston Plaza and Residences is the first public joint venture between Baroness Michelle Mone OBE and businessman Douglas Barrowman …

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Why Some Oil & Gas Stocks Might Have More Value Than Bitcoin

If you’re looking for value in the traditional sense, which might be better –bitcoins or certain oil and gas stocks? Let’s take a look: Energy stocks have not quite kept up with the market as a whole since the November election results. The main ETF that tracks the energy sector, …

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