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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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Bitcoin
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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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News

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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Bitcoin

Bitcoin’s Golden Future

Could bitcoin be the next gold? The idea has a lot of intuitive appeal. Gold bugs and bitcoin fetishists tend to share a deep distrust of fiat currency and the nation state, an impregnable bullishness about their favored asset class, and an obsessive attention to details of market movements combined with a …

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Bitcoin

Hong Kong’s Securities and Futures Commission might regulate fundraising through digital currencies

  Hong Kong’s Securities and Futures Commission (SFC) warned on Tuesday it may regulate some fundraisings that are done through digital currencies as volumes of the so-called initial coin offerings (ICOs) surge around the world. The move comes just a day after China banned and deemed illegal the practice of …

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Bitcoin

China cracks down on cryptocurrency ICOs, while regulators across the globe issue warnings

The People’s Bank of China (PBoC), and six other government departments and ministries related to the Chinese economy, recently announced that Initial Coin Offerings (ICOs) are now illegal in the country. Referring to them as “illegal financial crimes,” the country’s central bank blames ICOs for “disrupting the financial markets” and calls for …

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Bitcoin

Real estate project in Dubai to be the ‘first major development where you can purchase in bitcoin’

A 250 million pound ($325 million) luxury development has been launched in Dubai — and the people behind it don’t mind if you pay in bitcoin. Announced Wednesday by British entrepreneurs Michelle Mone and Doug Barrowman, Aston Plaza and Residences spans more than 2.4 million square feet and is split across two …

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Bitcoin

Here’s what $500 could’ve gotten you in tech stocks and Bitcoin 5 years ago  

In September of 2016 Bitcoin was selling for $572 a token. One year later that same coin is worth $4,472 at the time of this writing. That’s a substantial return of investment (ROI), and it’s hard to come up with anything else even remotely as lucrative, at least in the short term. …

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Bitcoin

Crackdown in China causes value of Bitcoin to dip

A crackdown on initial coin offerings (ICOs) in China has caused the value of Bitcoin to drop below the $5,000 mark. ICOs have been declared illegal by the People’s Bank of China, the autocratic nation’s securities regulator, due to concerns regarding financial fraud and general criminal activity. The phenomenon of …

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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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