The ICO was hailed as the new IPO, offering a more egalitarian way of raising funds. The fact that crowdsales bring in millions of extra dollars and create an active community from day one doesn’t hurt either. In 2017, the initial coin offering was the fundraising model that had venture capitalists looking on enviously. 2018 began in the same vein, with the public piling into ICOs with gusto. On paper, January’s results look highly impressive, with millions of dollars raised in record time, but the process has now changed. In…
Read MoreMonth: February 2018
Crowdfire Founders Plan to Launch Indian Bitcoin Exchange
Cryptocurrencies have grown popular in India, and digital asset markets in the region have seen exponential growth despite uncertainty from the Indian government. Now, this week the founders of the popular application Crowdfire have announced the team is launching an Indian-based bitcoin exchange this March. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details Crowdfire Founders Plan to Launch a Cryptocurrency Exchange This March On the same day the Finance Minister Arun Jaitley of India discussed digital currencies and blockchain the founders of Crowdfire announced they are creating an…
Read MoreNational Bank of Abu Dhabi Partners with Ripple to Offer Real-Time Cross-Border Payments
According to an announcement published Friday on Ripple’s blog, the UAE’s largest lender, the National Bank of Abu Dhabi (NBAD), has become the first bank in the Middle East to partner with Ripple. Through integrating Ripple’s technology, NBAD can now offer intrabank transfers and real-time cross-border payments to its customers. Ripple to Provide Global Financial Settlement Solutions Ramana Kumar, Managing Director and Head of Business and Product Management at Global Transaction Banking (GTB), appreciates the potential of blockchain technology as a way to offer efficient and transparent banking solutions: At…
Read MoreBitcoin.com’s This Week in Bitcoin Podcast is Mandatory Listening
Veteran podcaster Matt Aaron lends his curation and vocal talent to a smooth few minutes each week in summation of the Bitcoin world’s most important news, This Week in Bitcoin (TWiB). Every Friday, listeners get breakdowns and commentary in bite-size format, leaving them informed and with plenty of time to go about their day. Also read: The Bitcoin.com Podcast Network Presents: This Week In Bitcoin Each Friday, the Bitcoin World’s Most Important News The Bitcoin.com Podcast Network is growing with the launch last month of This Week in Bitcoin, a…
Read MoreChina Censors Cryptocurrency Ads on Search Engines and Social Media
Hong Kong-based media have reported that the country’s major search engines and social media networks do not appear to be presenting paid adverts for products or companies associated with bitcoin and other cryptocurrencies. Reports have alleged that the censorship of cryptocurrency ads may date back to the announcement that The People’s Bank of China (PBOC) would ban initial coin offerings (ICOs) during September 2017. Also Read: South Korea Discusses Cryptocurrency Policies With China’s Central Bank Chinese Online Media Platforms Ban Crypto Ads A report published by Hong Kong-based media outlet, South…
Read MoreLarge European Power Company Will Not Sell Electricity to Crypto-Miners
This week one of Europe’s largest power companies, Enel, has announced the firm has absolutely “no interest whatsoever in selling power” to cryptocurrency miners. Also read: Dead again? In Reality Bitcoin Is Up 729% Since Last February One of Europe’s Largest Power Companies Allegedly Evaluated Cryptocurrency Mining Operations The Italian multinational renewable-energy corporation located in Rome, Enel, made a statement on Thursday that explains it will not sell power to data centers who plan to mine cryptocurrencies. According to the financial publication Bloomberg the company was allegedly discussing a deal with…
Read MoreRarer Than Last Week’s Super Blue Blood Moon, CNBC Plugs Bitcoin
Just when you least expect it, prominent mainstream news outlet CNBC follows up months of doom and gloom with an optimistic outlook on Bitcoin. What a Coincidence! CNBC is somewhat notorious for hating on Bitcoin, regularly referring to the gold-standard of cryptocurrency as, at best, a risky investment. At worst, the news outlet repeatedly paints Bitcoin as a scam, fraud, Ponzi scheme or bubble by continually running stories spelling disaster for the dominant cryptocurrency. However, immediately after Bitcoin experiences one of its worst weeks since 2013 by dropping below $8,000,…
Read MoreBank of America Becomes the Latest Credit Card-Issuer to Ban Bitcoin
U.S. banks really aren’t big on bitcoin. That’s the inference to be drawn from a widespread crypto crackdown led by major financial institutions. Bank of America, the country’s second largest bank, is the latest player to give bitcoin the thumbs down, joining JP Morgan Chase and Citigroup in seeking to distance itself from cryptocurrency purchases made with credit card. Also read: Tether Printed One-Third of All USDT After Receiving Subpoena Banks and Bitcoin Don’t Mix For all the progress bitcoin has made in gaining mainstream recognition over the past 12 months,…
Read MoreTrading Tip `The Wall´ – I Was Wrong
Last week, I made an analysis of the bitcoin price situation. My analysis noted that while the rumors of Wall Street price manipulation was most likely false, the fear was real. Despite that, the price did not break under $10,000. Because my inclination towards bitcoin is bullish (based on the the positive sentiment around the Lightning Network) my conclusion was that there was a chance that we had bottomed out and would resume a recovery towards $13,000-14,000 in the coming weeks. I was wrong. Also read: Trading Tip `The Wall´ – Wall…
Read MoreBig Banks Ban Bitcoin Buys – JPMorgan, Bank of America, Citigroup Say No to Crypto Credit Purchases
JPMorgan, Bank of America, and Citigroup are all putting a stop to Bitcoin purchases made using their cards, citing high risk due to extreme price volatility. Credit Card Declined With Bitcoin suffering one of its worst weeks since 2013, major US banks are putting a stop to Bitcoin and other cryptocurrency purchases made using their credit cards. According to reports, JP Morgan Chase, Bank of America, and Citigroup are all banning cryptocurrency purchases using their credit cards, leaving some investors eager to “buy the dip” out in the cold. From the…
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