When it was announced on Monday that Circle would be acquiring Poloniex, much of the focus was on the $400 million reported to have changed hands. It was a good bit of business for both parties, ran the general consensus, and not a bad deal for customers of the exchange either, who might finally experience something resembling customer service. The ramifications of the deal extend far further, however, hinting at the shape of U.S. cryptocurrency trading to come. Also read: Cryptocurrency Exchange Poloniex Has Been Bought by Circle More Compliance, Less…
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Parabolic Bitcoin Price, Bullish Future: 8 Reasons For Optimism
Bitcoin is making a bullish future for itself this month, with signs pointing moonwards even without sky-high price predictions. Bitcoin: A Parabolically Bullish Trend Two months after Bitcoinist eyed three ways Bitcoin is “parabolic,” there are now (at least) seven ways its price and adoption trend will continue upwards. While January 2018 saw price declines culminating in an equivalent 70% crash from all-time highs of almost $20,000 just one month earlier, February’s technical revolution is already turning the situation on its head. Those were some of the arguments commentator Armin…
Read MoreGoldmoney Launches Ether and Bitcoin Cash Cold Storage
As cryptocurrency investing is becoming more mainstream, it keeps attracting wealthier and more cautious established players. To answer the need for enhanced security by such investors, one of the biggest names in the gold business, Goldmoney, has now expanded its bitcoin cold storage service to include ethereum and bitcoin cash. Also Read: Las Vegas Strippers Accept Bitcoin via QR Tattoos Goldmoney Expands Cold Storage Goldmoney, a precious metal investment service and payment network traded on the Toronto Stock Exchange (TSX:XAU), is expanding its bitcoin (BTC) cold storage to include two…
Read MoreCourt Will Not Seize Crypto as Debt Payment from Bankrupt Citizen in Russia
The Moscow bankruptcy court has ruled that cryptocurrencies of a bankrupt debtor will not be seized to pay his creditors. The trustee for the case has failed to convince the judge to include the debtor’s cryptocurrencies in the bankruptcy estate. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Court Rejects Crypto in Bankruptcy Estate The Moscow Arbitration Court ruled this week that cryptocurrency cannot be used to pay creditors in the bankruptcy case of Russian citizen Ilya Tsarkov, who filed bankruptcy in October of last year. Interfax reported…
Read MoreMoonlite.Io to Launch Completely Renewable Cryptocurrency Mining Operation
Bitcoin mining has grown exponentially, and this has huge energy implications for the world. For mining to be sustainable into the future, renewable methods must be developed and used. The Time to Mine Crypto Has Passed for Many For many entering the cryptocurrency space, they come across the phrase “Bitcoin mining” and are immediately intrigued. Mining comes with the connotation of getting rich quick, striking a fortune, or getting lucky and earning a life-changing amount of money. Unfortunately, it is normally completely uneconomical for average joes to start up a…
Read MoreSEC Probes ICO Fundraising Methods
In an effort to bring the largely unregulated and highly speculative world of initial coin offerings in the US under control, the Securities and Exchange Commission (SEC) has started to issue subpoenas. Those initially targeted in the investigation were technology companies and advisers involved in the cryptocurrency industry. Just a few hours ago, the WSJ reported that the SEC’s probe was intensifying the underlying need for US regulators to rein in the industry. The primary concern is not crypto trading, as such, but the unregulated world of ICOs and their methods…
Read MoreCreditcoin is Unleashing the Full Potential of the Crypto Ecosystem
As it stands, the best cryptocurrencies are all segregated on their own blockchains. Creditcoin, however, is set to change all that, by connecting blockchain assets with a straightforward protocol – effectively creating an inter-blockchain lending market while allowing you to fulfill your financial dreams. Connecting Financial Ecosystems Before the blockchain, it was almost impossible to gauge the objectivity of shared information without a central authority. Now, we can now safely and securely conduct financial transactions without having to put our trust in middlemen. It is not an overstatement to say…
Read MoreU.S. Commodities Regulator Allows Its Employees to Trade Cryptocurrencies
The U.S. Commodity Futures Trading Commission (CFTC) now allows its employees to trade Bitcoin and other digital assets. Moreover, CFTC’s Chairman J. Christopher Giancarlo recognizes that Bitcoin can no longer be ignored and that cryptocurrencies offer both significant challenges and opportunities. CFTC Authorizes its Employees to Trade Bitcoin As reported by Bloomberg, CFTC, the chief U.S. commodities regulator, is now allowing its employees to invest in cryptocurrencies. The agency granted this authorization after CFTC employees sent numerous inquiries about investing in cryptocurrencies. The U.S. Securities and Exchange Commission (SEC) already allows…
Read MoreMore Infrastructure Support Joins the Bitcoin Cash Ecosystem
This week the Bitcoin Cash network has gained more infrastructure and support from a variety of crypto-based businesses. Additionally, the digital asset has seen increased trade volume, and its price has been holding steady after the big dip that affected the entire cryptocurrency market ecosystem. Also Read: Las Vegas Strippers Accept Bitcoin via QR Tattoos Bitcoin Cash Markets Consolidate for the Next Move So far the Bitcoin Cash (BCH) blockchain is 8037 blocks ahead of the core chain (BTC) since it was born on August 1, 2017. At the time of…
Read MoreIOTA Threatens Researchers and Denies Critical Flaw – but Fixes it Anyway
Over the weekend, various high-level security researchers and academic cryptographers gave cryptocurrency project IOTA a failing grade – exposing a critical weakness and suggesting investors sell their coins while asking researchers to ignore or abandon the project. ‘Extremely Embarrassing’ The controversy began after a series of once-private emails from various IOTA team members and a group of external security researchers was leaked, putting on display the developers’ apathy and arrogance towards a critical flaw in IOTA’s foundation. First and foremost, Boston University Ethan Heilman discovered that IOTA’s in-house hash function,…
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