Venezuela Shatters Bitcoin Trading
Trading between Bitcoin and the Venezuelan Bolivar (VES) has beaten all records to pass 500 million for the first time last week. Data from Coin Dance, which tracks volumes on P2P platform Localbitcoins, confirms that the seven days ending August 25 saw BTC/VES achieve volumes never seen before. The results come the same week Venezuela […]
42% of Top 50 Universities Offer at Least One Crypto-Related Class
A recent study by the U.S. crypto exchange Coinbase has shown that 42 percent of the world’s top 50 universities have at least one class on cryptocurrencies or blockchain. The results of the study were published on Coinbase’s official blog Tuesday, August 28. The research was jointly conducted by Coinbase and survey company Qriously. Together they interviewed 675 U.S. college students and reviewed courses […]
NetCents Crypto Credit Card to Help Increase Mainstream Adoption
NetCents cryptocurrency credit card will be accepted at 40 million merchant locations globally in an effort to directly compete with Visa and Mastercard. The company will also integrate its loyalty programme with its crypto credit cards to encourage and reward users for spending digital currencies. NetCents Technology, a Canada-based payments processing company, has unveiled its […]
Nicehash Returns 60% of Coins Stolen
Nicehash, the cloud mining service that got hacked in December, has returned 60 percent of the stolen bitcoins, according to local media. After the cyberattack last year, the Slovenian company promised to fully reimburse its customers and has been doing it on a monthly basis. The police investigation into the case is still ongoing. Slovenia-based […]
Iran’s Central Bank Figure Hints Cryptocurrency Ban Will End
Iran will likely reverse its cryptocurrency ban in September, a central bank official told a conference August 26, paving the way for official regulation in the country. The country, which introduced a blanket ban on trading in April this year, has since seen economic turmoil return to its economy in light of fresh US sanctions, […]
Chinese Government Continues Cryptocurrency Suppression
China has a population that is becoming increasingly interested in Bitcoin and other cryptocurrencies; but, its government has also been ratcheting up efforts to suppress the growth of digital assets amongst the country’s people. According to the South China Morning Post, more than 120 foreign cryptocurrency exchanges have been blocked recently by the Chinese government. […]
Bitcoin in December: $30,000
Yesterday, Fundstrat’s Tom Lee has reaffirmed his $30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $5,000 region before recovering and initiating a 2017-esqe […]
Ernst & Young Have Acquired Cryptocurrency Software
Ernst & Young has acquired a software developed by a Silicon Valley-based startup called Elevated Consciousness in order to manage investments executed in cryptocurrencies. The software in question is called Crypto-Asset Accounting and Tax (CAAT). It was bought by Ernst & Young’s Americas Tax Innovation Foundry with the intention to facilitate their clients in investing […]
Crypto Startups Are Destroying Millions of Coins
It might not make sense in conventional business, but don’t tell that to crypto entrepreneurs. Indeed, for some projects, economist Joseph Schumpeter’s notion of “creative destruction” is taking on a literal meaning in that they’re actively destroying their own money supply – and generating value for investors in the process. It’s turning out to be […]
Japan’s Financial Regulator Wants Crypto Industry to ‘Grow Under Appropriate Regulation’
The commissioner of Japan’s financial regulator the Financial Services Agency (FSA) said that the agency wants the cryptocurrency industry to “grow under appropriate regulation,” in an interview with Reuters August 22. Toshihide Endo, commissioner of Japan’s FSA, told Reuters he sees the agency’s goal for developing the crypto industry as finding a “balance” between consumer […]
Bitcoin’s Price May Be Charting a Previous Bull Pattern
History often has a way of repeating itself. The current price pattern in the bitcoin market is eerily similar to the one observed in the run-up to a major rally that occurred on April 12. To start with, bitcoin charted a long-tailed candle on Aug. 14, similar to the one seen on Apr. 1, signaling […]
Threats Fly As Fight Over $200 Million Siacoin’s Crypto Code Intensifies
An effort to keep the $200 million siacoin blockchain free from corporate interests is devolving into chaos amid accusations against the companies at the center of the effort. At issue is the conduct of the protocol’s coders, and the motivations behind their push to alter the rules of the blockchain they maintain. With a proposal, […]
Bitcoin Remains Below $6,500
August 17 saw the first major attempt to reverse fortunes, but these gains have not been widely consolidated. At press time, Bitcoin (BTC) is trading below the $6,500 price point and Ethereum (ETH) has dipped below $300. Bitcoin (BTC) is currently seeing almost no change over the past 24 hours at press time, trading at […]
Binance LCX Launches Fiat-to-Crypto Exchange
Binance LCX, a joint venture between Binance and Liechtenstein Cryptoassets Exchange (LCX), has announced the launch of a fiat-to-crypto exchange, according to a press release published August 16. The new trading platform will be located in Liechtenstein and offer trading between Swiss Francs (CHF) and euros (EUR) against major digital currencies pairs, subsequently adding more […]
Cryptocurrency Scammers Stole $2.3 Million in Q2
Cybercriminals earned more than $2.3 million from cryptocurrency scams during the second quarter of 2018, according to a new report from Kaspersky Lab. In its Spam and Phishing in Q2 2018 report, the company reported that it had prevented almost 60,000 attempts by users from visiting fraudulent web pages featuring popular cryptocurrency wallets and exchanges […]
BITMAIN IPO MAKES CRYPTO INDUSTRY UNEASY
Cryptocurrency mining giant Bitmain continues to gain attention over its initial public offering (IPO) as critics raise the alarm over its financial outlook. As bitrix.fi reported at the end of July, the manufacturer announced its plans to hold a $14 billion IPO before the end of 2018, having achieved Q1 profits of over $1 billion. […]
BTC and ETHER Fall Substantially in $18 Billion Crypto Market Wipeout
Over the past 24 hours, the crypto market has recorded a loss of $18 billion, as major cryptocurrencies including Bitcoin, Ether, EOS, and Bitcoin Cash dropped by 4 to 13 percent. While Bitcoin ended the day with a 4 percent decline in its value, Ether, the native cryptocurrency of Ethereum, plummeted by 13 percent against […]
50% of Americans Willing to Try Out Bitcoin
A new poll conducted by analytics firm Harris Insights and cryptocurrency startup Gem revealed that 50 percent of the respondents are inclined to try out the asset class. The survey also revealed that those with lower incomes are more likely to buy Bitcoin. A new survey jointly held by a cryptocurrency startup and analytics company […]
