Month: February 2018

Looking at mainstream media headlines over the past few weeks shows a lot of columnists and pundits have declared that ‘bitcoin’s bubble has burst.’ They always claim that it’s much safer to invest in traditional investments like equities or the stock market while at the same time highlighting cryptocurrency’s volatile price swings. However, on Monday, February 5th the Dow Jones Industrial Average dropped more than 1,175 points, losing more value in one day than the entire cryptocurrency ecosystem over the past six weeks.  Also read: Market Risk Advisory Committee: Bitcoin Futures…

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The CFTC Chairman just told the Senate Banking Committee he wants to respect the new generation in his approach to blockchain and crypto regulation. On January 6, 2018, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, sat in front of the Senate Banking Committee and presented testimony on cryptocurrency and blockchain regulation. This is actually testimony that was published in written format yesterday (and that’s available here, for anyone that wants to take a look) but the real coverage is hitting press today and, in…

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Australian gambling regulator Northern Territory Racing Commission (NTRC) has issued an informal ban against all cryptocurrency online wagering, singling out bitcoin and ethereum. Just days before, one of its licensed online gambling sites announced it was offering bitcoin to its customers. Also read: Market Risk Advisory Committee: Bitcoin Futures Self-Certification Works Neds Adopts Bitcoin Gambling Paul Cherry CEO of Australian online gambling site Neds explained: “We strongly believe in bitcoin and cryptocurrencies as a viable and secure method of online exchange. With this announcement we wanted to ensure that Australians who…

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. XinFin opens token sale of it’s utility tokens, unveils the first of it’s kind hybrid blockchain XDC protocol Singapore based XinFin unveiled the first of its kind Hybrid Blockchain protocol architecture for enterprise adoption for global trade and finance market, opens sale of it’s utility…

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Bitcoin may have dropped in price, but its losses are far below many altcoin assets as forks Bitcoin Cash and Bitcoin Gold hemorrhage value. Grim Reading For Bitcoin Forks In an analysis of 63 top cryptocurrencies by market cap, one online commentator drew attention to overall retraction of prices versus their all-time highs. Bitcoin came in 52nd on the list, having dropped 69% as of Tuesday. Bitcoin Cash had fallen a giant 82% to reach number 16, while Bitcoin Gold fared even worse, losing 85% to occupy 6th position. The crowning…

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A day before a landmark hearing, a day with screaming headlines about the US stock market’s historic dump, not to mention bitcoin’s 65 percent fire sale, the United States Senate released formal testimony of Chairs from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Heads of both entities will testify Tuesday 6 February before the Committee on Banking, Housing, and Urban Affairs to discuss the future of regulating cryptocurrencies. After today, they’re going to have plenty to discuss.   Also read: Market Risk Advisory Committee: Bitcoin Futures…

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This past November the largest bitcoin payment processor worldwide, Bitpay, announced the company’s move to integrate a process called BIP-70, otherwise known as the Payment Protocol, into the Bitpay invoice platform. At Bitcoin.com we want readers and users of our services to be up to date with the latest technologies and upgrades happening within the cryptocurrency ecosystem. Since the last software update, Bitcoin.com’s Wallet is one of the seven clients compatible with Bitpay’s recent BIP-70 implementation.    Also read: Another Post-Soviet Jurisdiction Welcomes Crypto Miners Bitcoin.com Wallet Is Fully Compatible…

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Despite some cracks on the icy surface of inter-Korean relations, caused by the Olympic spirit, tensions on the silent crypto front in Korea remain high. South Korean intelligence has informed lawmakers in Seoul that the North keeps trying to hack cryptocurrency exchanges south of the DMZ. Cryptos worth billions of won have been stolen by DPRK hackers last year, the secret service says. Also read: Hong Kong Hacker Arrested in Blackmail for Bitcoin Case All is Not Quiet on The Crypto Front North Korea is continuously trying to hack South…

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Following false fears of a Bitcoin ban in India, the FUD storm continues as China looks to completely eradicate cryptocurrency trading—but can they succeed? Chinese FUD Strikes Again It’s been a rough month for Bitcoin and the cryptocurrency market. The price of the dominant cryptocurrency has dropped below $8,000, and many altcoins have suffered even more significant losses, following a seemingly endless flood of FUD (Fear, Uncertainty, and Doubt) from mainstream media outlets. Now, it appears the FUD of the day is that China, already notoriously unfriendly towards cryptocurrency, is ready…

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