Month: November 2016

Headlines Bitcoin’s Intrinsic Value DilemmaThis is a sponsored story. There is no shared opinion on whether bitcoins have intrinsic value or not. Some conservative-minded people believe that intrinsic value may only be possessed by seizable assets, although this obviously disregards such inseparable attributes of today’s realities as software or internet. Others assume that intrinsic value […]

Headlines Bitcoin Price Watch; Riding Out The Range Bound ActionThat’s another day out of the way in Europe, and despite what we said we’d be hoping for heading in to the session early morning, thing’s haven’t worked out that well. The bitcoin price seems to be stuck in a sort of sideways trading pattern right […]

Headlines Senegal Will Introduce a Blockchain-Based National Digital CurrencySenegal will become one of the earliest countries in the world to introduce a national digital currency, based on blockchain technology. Titled eCFA, the digital currency will be legal tender alongside the CFA Franc, the country’s and the region’s national currency, adopted by fourteen countries in the […]

Headlines Will China’s Regulatory Decisions Affect the Bitcoin Price?For nearly a month, rumors surrounding China’s alleged bitcoin regulations have been running rampant. Earlier in November, bitcoin actually underwent a serious financial dump, falling by nearly $40 overnight as the rumors swelled to ridiculous proportions. Now, it appears those rumors are coming true, and investors are […]

Headlines China Losing Control of Yuan Depreciation ahead of Trump PresidencyChina has tried to depreciate the yuan in a controlled manner, but, increasingly, this is becoming more and more difficult to maintain. Investors and businessmen, knowing this, have placed bearish bets on the yuan or converted yuans into dollars, which hastens the decline of the […]

Headlines Argentina’s Central Bank is Warming Up to BlockchainA hackathon held by Argentina’s central bank shows that interest for blockchain is heating up in the one-time bitcoin hotbed. Banking Blockchains Without Native Digital Assets are “Nonsense”, says Italian Tech ProfessorFerdinando Ametrano, a professor at Politecnico di Milano, Italy’s largest tech university, recently criticized the blockchain […]

Headlines Bitcoin Black Friday to Celebrate Bitcoin’s HistoryIt’s that time of the year when our streets are lit and our music turns happy with everyone beginning preparations for the biggest holiday of the year. Billions are expected to be spent this Friday as everyone receives their last paycheck before Christmas day with some, as in […]

Headlines Belize Financial Regulator Warns Against Fraudulent Bitcoin Investment CompanyThe financial regulator of Central American nation Belize has issued a public warning against XMAXBIT, a company that claims to provide returns for investors by investing in cryptocurrencies like bitcoin. Published on Monday, the Office of the International Financial Services Commission (IFSC), Belize’s financial regulator, has […]

Headlines Bitcoin a ‘Material Enough Phenomenon’ for Accounting Standards, Says Australian GovtThe Australian Accounting Standards Board (AASB) has called for new standards for digital currencies like bitcoin after determining a lack of clarity and guidance on digital currencies in the International Financial Reporting Standard (IFRS) by the International Accounting Standards Board (IASB). The AASB, a […]

Headlines Equibit To Beta Test Blockchain-Based OTC Platform, Plans CrowdsaleEquibit Development Corporation (EDC), which is building a block-chain-based securities register that manages OTC equity and offers the ability to use BTC-denominated dividends and distributions, has completed its Supernode installation, a cryptocurrency node that performs all cryptographic operations in hardware rather than software. The installation means […]

Headlines Blockchain Holds Strong as Fintech Venture Funding Dips In Q3; Rebound ExpectedBlockchain technology continues to command a fair share of venture funding for fintech, one of the hottest venture capital (VC) targets worldwide. While the number of deals and the total value of fintech VC investment ebbed in Q3 2016, activity is expected to rebound […]

Headlines A U.S. Trade War With China Might Affect Bitcoin MinersPresident-elect Donald Trump often decried how China sucked jobs out of the U.S. and he offered up the solution of prosecuting trade cases against China for its “unfair subsidy behavior” and currency manipulation. He suggested tariffs as high as 45 percent on its exports. “We […]

Headlines Bitcoin Miners Can Now Signal Support for SegWitIf they so choose, miners can now safely signal their support for a major bitcoin update. Japan’s Central Bank Believes Blockchain Could Create Tax IssuesA senior official for Japan’s central bank had words of caution for distributed ledgers. Bitcoin Premium in India Reaches 20%, Price Peaks Beyond […]

Headlines Dubai Legislators to Discuss Bitcoin RegulationDubai’s government is laying the groundwork for developing legislation around bitcoin and digital currencies. Bitcoin Price Analysis for 11/17/2016 – Yearly Highs in Sight!Bitcoin price is setting its sights on the yearly highs at $780 as bulls continue to gain traction. ViaBTC Sparks Bitcoin Scaling Debate in Reddit AMAThe […]

Headlines IBM Blockchain Helps FinTech Startup KYCK! Address KYC ChallengeIBM Bluemix Garage has unveiled that Singapore FinTech startup KYCK! is to use its blockchain in a project to fast-track the know-your-customer (KYC) on-boarding process in financial organizations, according to a report from Yahoo!. It is hoped that by using the blockchain technology banks will be […]

Headlines Bitcoin Exchange Gemini Adds APIs for Automated TradersNew York bitcoin exchange Gemini has announced a series of new API offerings aimed at automated traders. Force of Will Token Sale Commences On November 28Force of Will is a new blockchain-based trading card game attracting a lot of attention. Similarly to how Spells of Genesis came […]

Headlines Prosecutors Charge Florida Man In Bitcoin Exchange Case Linked To JPMorgan Hacking ProbeA Florida man charged with conspiring to operate an unlicensed money transmitting business has been released on a $75,000 bond following an appearance in a Manhattan court, according to Reuters. Prosecutors say the man, Ricardo Hill, 38, is the latest individual facing […]

Headlines Shinhan Bank Opens the Door for Bitcoin RemittancesShinhan Bank in Seoul is establishing a new bitcoin remittance service between its native Korea and neighboring region China. Bitcoin remittances are all the rage, particularly in Asia and Africa. Companies ranging from Bitspark to OKLink are enabling payments to both India and Indonesia, while the Central […]

Headlines As Trump Targets Mexican Remittances, It’s Time for Mexico’s Government to Get Serious about BitcoinNo country had more to lose from Donald Trump’s presidential victory than Mexico, an economy that heavily relies on remittances from the United States. Mexico received $24 billion in remittances in 2015, the country’s largest source of currency after direct […]

Headlines Ukraine Will Turn Hryvnia In National Digital Currency Next YearCentral banks all over the world are contemplating the concept of electronic money. Ukraine is on that list, and it looks like the Hryvnia will go digital in 2017. Additionally, there are big plans on the table to introduce blockchain technology in the country. One […]

Headlines Trump Election Casts Uncertain Shadow on US Blockchain PolicyLeading blockchain policy groups weigh in on what a Trump victory means for the emerging technology and its startup community. Hyperledger’s Next Act: A Blockchain Bridge to ChinaBlockchain business consortium Hyperledger is facing new challenges as it seeks to grow its membership. Bitcoin Price Watch; Here’s […]

Headlines It’s Been a Thrilling Day for Bitcoin TradersWell, it turns out that today was an exciting day for day traders of Bitcoin.  We have not, as of this writing, gotten a close above 750 that would demonstrate a higher high and signal a resumption of the rally of recent weeks.  However, for short-term traders […]

Headlines R3 Launches Blockchain Lab in SingaporeBanking consortium R3 has officially launched a new blockchain lab in Singapore in partnership with the local central bank. University Teams Choose Bitcoin over Ethereum as a Long-Term InvestmentUniversity business school teams competing in the Kraken Case Study competition predicted two to one that a bitcoin-weighted portfolio will outperform […]

Headlines Now Hiring: US DOJ Seeks Digital Currency Legal ExpertsThe Department of Justice is looking to hire attorneys to assist it with developing digital currency regulations. Chinese Investors Flock to Bitcoin as Yuan Falls, Igniting Fears of Government ActionChinese investors are buying bitcoin as the yuan continues to fall since bitcoin allows them to store […]

Headlines Blockchain: Why the ‘Big Guys’ Can’t WinAn industry commentator looks at moves by tech industry incumbents to capture the emerging blockchain market, and offers a warning for the future China’s Bitcoin Miners See Profit in a Bigger-Block BlockchainA bitcoin mining conference held by one of the network’s largest miners saw what some have labeled […]

Headlines Total Bitcoin Transaction Volume Surpassed US$100bn in SeptemberPeople seem to collect all kinds of statistics related to the Bitcoin protocol. Interestingly enough, one of the currency’s largest milestones was overlooked by just about everyone. On September 2nd, 2016, the Bitcoin blockchain surpassed the S$100bn mark in Bitcoin volume transferred since its inception. Quite an […]

Headlines Stolen Bitcoin? Anti-Theft Feature Gets Second Life on SidechainsA concept that could enable new functionality for bitcoins on the bitcoin blockchain is being tested by Blockstream. R3 Adds Interbank Trading Market to Blockchain ConsortiumThe operator of China’s interbank trading system has joined the R3 blockchain consortium. Overstock Secures New Partnership For Blockchain Stock SaleE-commerce […]

Headlines Police Arrest Japanese Man Who Bought Bitcoin With Stolen FundsTokyo police have arrested a man accused of buying bitcoin with stolen money. Indian Bank ICICI Constantly Looking at Blockchain, says CEOIndia’s second biggest private bank by assets, ICICI, is showing plenty of interest in the development of blockchain applications, according to the banking institution’s […]

Headlines Pyramid Scheme sees Vietnamese Government Warn Against Bitcoin UsageBitcoin takes the blame for scammers’ and schemers’ ways. ULC Close to Finalizing Model Digital Currency LegislationAn effort to create a template for digital currency legislation in the US could be finalized by the end of the summer. US Federal Prosecutor Kathryn Haun: “Bitcoin is About […]

Headlines Bitcoiners Share Thoughts on Donald TrumpBitcoiners have gained a reputation as a libertarian movement. Hillary Clinton refused to accept the digital currency for her campaign based on this premise, according to WikiLeaks. Former Republican nominee for President Rand Paul accepted the cryptocurrency. Bitcoiners, generally, represent a wide swathe of counter-culture political beliefs, and when […]