Bitcoin price has almost doubled from its lowest price in February, hitting over $11,000 once more according to averaged figures from major exchanges Friday. 2018 In Bitcoin: Rags To (More) Riches? The refreshing comeback, which lifted BTC/USD from a slump below $6000 early last month to highs of almost $12,000 just weeks later, has spurred fresh optimism on the largest cryptocurrency’s long-term prospects. On Thursday, stock trading expert Ronnie Moas noted similarities between Bitcoin’s performance and that of Amazon’s stock, suggesting the run-up to 2033 will see BTC mimic the…
Read MoreCategory: Uncategorized
Shocker! Cryptocurrencies Are ‘Failing,’ UK’s Central Banker Says
Canadian economist Mark Carney — who also serves as the Governor of the Bank of England and Chairman of the G20’s Financial Stability Board — has called for greater regulation against the “anarchy” of cryptocurrencies, despite claiming that “they’re failing” and are not a threat. ‘They’re Failing’ Canadian economist and Bank of England Governor Mark Carney unsurprisingly continued his anti-Bitcoin and anti-cryptocurrency rhetoric this morning in a speech to Bloomberg — in which he threw about as much FUD (Fear, Uncertainty and Doubt) as one in his position can possibly…
Read MoreChina’s Police Force Reveals Offshore Exchange Surveillance
According to regional reports, China’s police agency is allegedly monitoring cryptocurrency exchanges based outside of the country. An informant details that China’s Public Information Network Security Supervision task-force is closely watching both domestic and foreign trading platforms involved with cryptocurrencies to prevent fraud, pyramid schemes, and money laundering. Also Read: British Man in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug Money China’s Regulators Are Watching Offshore Exchanges Dealing with RMB Closely The local financial publication Yicai reports that China’s network security agency and police force is monitoring exchanges dealing with…
Read MoreCrypto Experts Weigh in, Predict Big Gains for Ripple in 2018
Bold predictions on cryptocurrency prices can always be taken with a huge pinch of salt. If it were that easy to predict the price of Bitcoin, or Ripple in this case, we would all be driving Lambos. One analyst, however, is confident that the price of Ripple’s XRP will reach $16 by the end of the year. According to reports, Samson Williams, CSO of Ireland-based fintech firm SeedUps, predicts XRP will go to $16 by December. He made this claim amongst a panel of five other crypto analysts on Finder’s…
Read More$1 Trillion Investment Management Company Getting Serious About Crypto
Investment firm Wellington Management Co. has just thrown its $1 trillion hat into the cryptocurrency ring. Big Money According to the Boston-based investment management company’s February report, the private and independent firm is officially considering including cryptocurrencies in some portfolios, as its systems were recently upgraded to enable trading in Bitcoin derivatives. Wellington has also started taking out positions in companies related to cryptocurrency. According to Bloomberg, the team releasing the report includes equity research analyst Matthew Lipton and trading technologies principal Lee Saba. The report says: Various Wellington teams are already positioning…
Read MoreDutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet
A Dutch multinational financial provider, Rabobank has announced the possible introduction of a ‘cryptocurrency wallet’ tethered to the company’s banking services. The news follows the bank’s recent ‘high risk’ profiling of account holders that participated in bitcoin trading. Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Rabobank Investigates the Idea of Introducing a Cryptocurrency Wallet to Its Online Banking Environment This week the Dutch institution, Rabobank, the second-largest bank in the Netherlands in terms of total assets revealed it may introduce a cryptocurrency wallet called “Rabobit.”…
Read MoreCoinbase Reveals ‘Overhauled’ Changes and Tax Tools
This week the popular cryptocurrency service Coinbase revealed a slew of announcements concerning certain aspects of the business. The exchange details its Segregated Witness (Segwit) rollout, plans to disable Paypal, new tax tools, and the hiring of 500 customer support agents. Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Segwit and Taxes Coinbase representatives Tina Bhatnagar and Zach Abrams revealed some business changes that are being applied to the San Francisco based company this year. Abrams first details the company’s support for Segwit will be complete…
Read MorePR: Bitcoin Exchanges: Please Help Your Users Claim BCP and BCPC as Soon as Possible
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. Since coin claiming began at 09:00 GMT on 12 January 2018, the number of people registered at the Bitcoin Parallel website has skyrocketed. In order to maintain the Bitcoin Parallel Ecosystem, the Bitcoin Parallel Foundation has formulated a declining distribution rule. Bitcoin holders at block…
Read MoreOver 100 Firms Seek Licenses to Operate Cryptocurrency Exchanges in Japan
There are over 100 companies reportedly waiting for the Japanese Financial Services Agency to approve their registrations to operate cryptocurrency exchanges. While only 16 exchanges are fully licensed in Japan, the agency has allowed another 16 to operate without a license for the time being. However, going forward, only those with sufficient safety and customer protection measures are likely to be approved. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 100+ Firms Have Applied The Japanese Financial Services Agency (FSA) has been busy with over 100 applicants…
Read MoreLouisiana Attorney General Fires IT Staff for Allegedly Mining Bitcoin
It appears that the allure of free electricity and computer systems, courtesy of the tax payers, might be too hard for some government workers all over the world to resist. After it was recently revealed that Russian nuclear scientists were arrested for mining bitcoin on the job, now it is reported that American IT staff apparently lost their jobs for doing the same in Louisiana. Also Read: British Man in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug Money Mining Bitcoin in Louisiana Louisiana’s Attorney General is reportedly conducting a criminal…
Read More