31 December 2016

Headlines 2016 Review: There’s New Momentum For Bitcoin and the Blockchain Industry2016 set the bull charging again. A combination of events, beginning with bitcoin’s popularity as a hedge that protects assets from the forces afflicting traditional markets, set the stage for the price more than doubling in 2016. The good news on the price front tempered the […]

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30 December 2016

Headlines Bitcoin Still behind Fiat Counterparts by VolumeBitcoin is to end 2016 on a high note as it will probably finish as the top performing currency of the year. A title that it will retain from the previous year. The Bank of International Settlements (BIS), which is an international financial institution that is owned by […]

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29 December 2016

Headlines Will Banks Warm Up to Bitcoin in 2017?Over the past few months, it has become apparent that Bitcoin is here to stay. Even though 2016 started off on a weak note for bitcoin, its steady rise in the latter half of the year has only further consolidated its status as a reliable asset. Bitcoin not […]

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28 December 2016

Headlines Korea’s Central Bank Considers ‘Supernode’ for Blockchain OversightThe Bank of Korea has published research on issues it believes could hinder distributed ledger adoption, with a “supernode” being one solution. Destinia Start Accept Bitcoin amid Venezuela’s Economic CollapseThe Venezuelan economy is in shambles as the Venezuelan Bolivar’s value has been steadily decreasing due to the […]

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27 December 2016

Headlines ‘Blessing and a Curse’: The DAO’s Developers on Blockchain in 2016The DAO loomed large over 2016 – now, its developers have their sights on new steps that can be made in the year ahead. Indian News Outlet Tries to Smear BitcoinIndia Today, a prominent Indian news outlet, has published an investigative report on bitcoin […]

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26 December 2016

Headlines BitPesa to Strengthen Africa-China Remittance CorridorBitPesa, through its website, is helping businesses in China and Africa to send instant payments in local currency directly from African bank accounts to Chinese bank accounts. Users in Kenya, Uganda, Tanzania, Nigeria and the Democratic Republic of Congo can now send money directly to bank accounts in China. […]

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25 December 2016

Headlines Tech, Media & Telecom More Aggressive Blockchain Investors than Financial ServicesWhen Bitcoin first became popular, much mainstream coverage focused on its illicit uses. Then a revolution in thought led people to understand the less sinister benefits of Bitcoin, and namely its underlying technology, the blockchain. Many experts suppose blockchain could revolutionize numerous industries, with […]

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24 December 2016

Headlines The Anatomy of a Bitcoin Pyramid Scheme – The BTCSolar StoryAs the saying goes, there’s a sucker born every minute. This is the primary rule on which pyramid schemes operate – there will always be enough people to make a scam work. BTCSolar was a bit different than most pyramid schemes these days. It […]

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23 December 2016

Headlines Bitcoin Nears Gold ParityBitcoin is nearing a psychological tipping point, gold parity. Its price has been accelerating in the past few days, increasing by $100 in just over 24 hours. Meanwhile, gold has fallen by $200 this quarter, currently standing at $1,134.45. There appears to be a strong inverse correlation between gold and bitcoin […]

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22 December 2016

Headlines Bitcoin Tore through ResistanceWell, Bitcoin tore through resistance easily this morning. Readers will remember that the weekly chart we looked at a couple days ago was sitting at the 2nd arc of the 2nd pair, and the end of the 1st square.  As end-of-squares is often a time of reversals or accelerations, I was […]

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21 December 2016

Headlines Bitcoin at Pivotal Resistance AreaReaders of this column may remember that in my last update 2 days ago I pointed out that resistance on multiple timeframes was approaching.  On the daily chart, we are now just ~ $10 away from 5th arc resistance. See below: As you can see, the blue arrows attest to […]

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20 December 2016

Headlines From Brexit to Bitfinex: What Shaped Bitcoin’s Price in 2016Bitcoin prices surged more than 80% in 2016, pushed higher by developments such as the Brexit, the halving and the Bitfinex hack. Bitcoin Price Analysis for 12/20/2016 – Still Channeling Higher!Bitcoin price has been crawling slowly higher as bulls are looking exhausted but are refusing […]

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19 December 2016

Headlines Bitcoin’s Strong Year Continues in Push to $800Bitcoin price struck a new yearly high of $794.39 on the Bitstamp Price Index (BPI) today as the cryptocurrency continued its collective surge in 2016. Having started the year at $432 in trading, the price of bitcoin to the USD has gained a remarkable 80% so far. […]

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18 December 2016

Headlines Can Bitcoin Help Venezuela’s Crumbling Economy?The people of Venezuela are starving. There is a shortage of food and medicine, says Reuters, while recounting a terribly saddening story of a Venezuelan mother giving away her child. They live on $6 a month. “Just one chicken meal would now burn up half [of their] monthly income.” […]

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17 December 2016

Headlines Bitcoin Fee Estimates Have Increased By 1,013% in USD TermsBitcoin fees have skyrocketed this year, increasing by 557% from 14 to 78 satoshis per byte, which translates to an eye-watering 1,013% increase in dollar terms in just one year, according to research by Jameson Lopp, engineer at BitGo. That still translates to just 22 […]

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16 December 2016

Headlines Australia is a Friendlier Place for Fintech Firms, Starting TodayGlobal competition over Fintech companies, one of the fastest growing industry in the world with billions invested yearly, intensified today with Australia announcing they are largely throwing out the rulebook for the first 12 months. Scott Morrison, Treasurer of Australia, stated: “From today, all eligible […]

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15 December 2016

Headlines The Tapscotts on Blockchain in 2016 and What’s NextDon and Alex Tapscott chart a broad overview of blockchain in 2016, with an eye to what is to come in the year ahead. JPMorgan Chase Hacker Allegedly Ran a Bitcoin ExchangeJPMorgan Chase fell victim to a major computer hacking and fraud scheme a while ago. […]

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14 December 2016

Headlines Chinese Authorities Crackdown on Bitcoin Miners Stealing Electricity from Oil PlantsAccording to Chinese reports, Daqing City in the People’s Republic of China recently cracked down on a ring of Bitcoin miners who were stealing electricity from the city’s oil production plants. Police there reportedly raided Bitcoin mining operations and confiscated equipment. The Chinese bitcoin […]

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13 December 2016

Headlines CFTC’s Giancarlo: How US Regulators Can Boost Blockchain in 2017The CFTC’s Chris Giancarlo argues that the US needs to rethink its blockchain policy for 2017 and beyond. Bitcoin Blitz Sees Price Gain Toward $800 at Near 3-Year HighsBitcoin price is going from strength to strength, shattering its way to a new high in 2016 […]

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12 December 2016

Headlines New Paper Explores Cryptocurrency for Space ColoniesBlockchains in space? According to one research paper published by the Indian government, the idea isn’t so far-fetched. BTC Price Tech Analysis for 12/12/2016 – Another Triangle Breakout?Bitcoin price is still moving inside a triangle consolidation pattern but seems to be having trouble pushing for another upside breakout. […]

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11 December 2016

Headlines Mobile Money Reduces Poverty In Kenya By 2% In Recent YearsMobile money is becoming the new norm in developing African countries. Projects such as M-Pesa have seen tremendous success in Kenya, as it allows more females to create a business career for themselves. More importantly, mobile money has aided nearly 200,000 households to escape […]

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10 December 2016

Headlines This Project Allows Charity Donors to Trace Donations on the BlockchainGiveTrack, a project of the BitGive Foundation, uses blockchain technology to allow charity donors to trace their donations. The service allows donors to trace transactions in real time to see how funds are spent, ensure they reach their destination, and review the results generated […]

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9 December 2016

Headlines Demonetization Brings Surge in Bitcoin Adopters in IndiaBitcoin, a currency that is immune from governmental controls is seeing plenty of interest in India, a country still reeling from an unprecedented cash crunch that sees over a billion people face government-imposed limits on ATM and bank withdrawals. The move to demonetize 500 and 1000 rupee […]

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8 December 2016

Headlines Japanese MegaBank Mizuho Tests its Own Digital CurrencyJapanese banking giant Mizuho has tested its digital currency developed in partnership with IBM Japan to reduce costs of money transfers, a report has revealed. The Mizuho Financial Group-IBM partnership announced earlier this year has seen successful testing of digital currency developed by the bank and the […]

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7 December 2016

Headlines Bitcoin Consolidation Likely to ContinueBitcoin has been consolidating sideways for a couple days since hitting swing high resistance at $780.  IMHO it will likely continue to consolidate thus for another day or two.  However, having looked at the chart for the past day or two, I am reasonably confident that the upward trend will […]

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6 December 2016

Headlines BNY Mellon Shakes Up Treasury Unit for Blockchain FocusBNY Mellon’s treasury unit has organized a new innovation group aimed at investigating and testing new technologies like blockchain. Blockchain Gets a Push in India with New Microsoft & KPMG PartnershipBlockchain applications could see further development in India after a new partnership between technology behemoth Microsoft […]

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5 December 2016

Headlines Coinbase Files for Patent to Secure Bitcoin Private KeysCoinbase has filed a patent for a bitcoin host computer security system for private keys that it says addresses private key security concerns. The application, filed with the U.S. Patent & Trademark Office, noted a key ceremony application creates bundles that each contain a master key […]

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4 December 2016

Headlines Bitcoin Core Developers Work On A New 2 MB Hardfork ProposalSolving the Bitcoin block size problem has been a top priority for developers over the past few months. Multiple solutions have been proposed, although only two of them are in actual “contention” right now. Bitcoin Core developers have begun development of a third solution […]

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3 December 2016

Headlines Bitcoin Exchanges Unite for Christmas Fundraiser For Polish ChildrenPolish cryptocurrency exchanges BitBay and Bitcantor have organized a Christmas fundraiser to buy presents for children from T?cza Child Care Home in Katowice, Poland. BitBay, established in 2014, doesn’t only have an innovative platform, great support and many tools for traders. It is also a team of […]

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2 December 2016

Headlines Dismantling Avalanche Is Step In War Against Global Fraud RingsGlobal fraud rings are nothing new under the sun these days. With the rise of deep web activity, criminals have created platforms to communicate and collaborate on a global scale. Avalanche, one of the largest global fraud rings in the world, has now been dismantled. […]

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1 December 2016

Headlines KPMG: FinTech Investment in Nigeria Records Over $200 Million in Two YearsA new report from KPMG, a global network of professional firms providing tax, audit, and advisory services, has revealed that investment in Nigerian FinTech companies over the last two years has exceeded more than $200 million. The report, “FinTech in Nigeria – Understanding […]

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