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Cai Wensheng, the founder of Meitu Inc., a Chinese technology company that makes smartphones and selfie apps, has announced that his bitcoin holdings have reached a personal milestone of 10,000 BTC. Mr. Wensheng also discussed his investments in alternative cryptocurrencies, and compared the present state of the cryptocurrency sector to that of the internet of the early 2000s. Also Read: Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government Meitu Founder Accumulates Approximately 10,000 in 2018 In a recent interview with entrepreneur Wang Feng, Mr. Wensheng revealed that…

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The co-founder of Openbazaar, Washington Sanchez, has taken to Twitter to vent frustration with the high fees associated with BTC. Mr. Sanchez expressed regret for his previous BTC “maximalism,” and reinforced Openbazaar’s desire to place a greater emphasis on alternative cryptocurrencies. Also Read: Australia Cracks Down on Misleading and Deceptive Initial Coin Offerings Washington Sanchez Slams BTC Fees Since 2014, Openbazaar has primarily facilitated payments on its platform in the form of bitcoin. In recent days, the company’s co-founder has expressed frustration with the fees associated with BTC payments, and the…

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Payments network Square has revealed its customers bought over $34 million of bitcoin in the first 4 months of being available. Square Balances Books On Bitcoin Data from the company, which it published this week, shows its Cash app shifting $34.1 million in BTC, having spent $33.9 million purchasing the cryptocurrency to begin its offering. The figures make interesting reading in the year when the cryptocurrency exchange sector has become renowned for its ability to generate huge profits from trading fees. From South Korea, where regulators have demanded backdated tax…

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In today’s Bitcoin in Brief – crypto traders are in trouble due to issues with the trading platforms they have trusted. Hacked Italian Bitgrail exchange is closed again after a brief reopening. It suspended operations on request from the court of Florence, following a petition  filed on behalf of one of its creditors. Also, beleaguered Romanian Btcxchange has shut down after multiple setbacks. A local bank recently closed its account. Also read: Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked Bitgrail Reopened, then Closed Again Bitgrail, the Italian…

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Goldman Sachs is reportedly launching a bitcoin trading operation where it will trade bitcoin futures contracts on behalf of clients using its own money, starting as early as the next few weeks. The Wall Street investment firm will also offer its own bitcoin futures product to clients. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Goldman Gets into Bitcoin According to the New York Times, Goldman Sachs is gearing up to launch a trading operation to buy and sell bitcoin futures for institutional clients. Reporter Nathaniel Popper wrote: In…

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In today’s Bitcoin in Brief – crypto traders are in trouble due to issues with the trading platforms they have trusted. Hacked Italian Bitgrail exchange is closed again after a brief reopening. It suspended operations on request from the court of Florence, following a petition  filed on behalf of one of its creditors. Also, beleaguered Romanian Btcxchange has shut down after multiple setbacks. A local bank recently closed its account. Also read: Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked Bitgrail Reopened, then Closed Again Bitgrail, the Italian…

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After a rather unpleasant 3 months which saw the price of Bitcoin fall to less than half its all-time high, the gold standard of cryptocurrency has finally shown signs of reversal. The market leader is currently trading around $9200, but can Bitcoin ever reach and surpass its previous highs? Sure it can — here’s how. ‘Better Security Infrastructure’ As suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchange. However,…

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Goldman Sachs is reportedly launching a bitcoin trading operation where it will trade bitcoin futures contracts on behalf of clients using its own money, starting as early as the next few weeks. The Wall Street investment firm will also offer its own bitcoin futures product to clients. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Goldman Gets into Bitcoin According to the New York Times, Goldman Sachs is gearing up to launch a trading operation to buy and sell bitcoin futures for institutional clients. Reporter Nathaniel Popper wrote: In…

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On May 2, a new on-chain social media platform for the Bitcoin Cash network was announced called ‘Blockpress.’ According to the Blockpress development team the platform has been under construction for months, and they are pleased to finally release the initial version to the public. Also read: Markets Update: Trading Action Heats Up During the First Week of May Another On-Chain Social Media Platform Called Blockpress Launches on the Bitcoin Cash Blockchain After the past few weeks with everyone talking about the on-chain social media application Memo, another similar platform has…

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Blockchain technology has its fair share of haters, but one individual in the banking industry has taken doubt to an entirely new level. ‘Blockchain is a Fad’ Martin Walker, the director of the Center for Evidence-Based Management, has made statements yesterday against blockchain technology which are so bearish, it’s hard to tell whether he’s serious, or has ulterior motives. Flanked on either side by Everledger’s Chris Taylor and Ripple’s Ryan Zagone, Walker told The British Parliament’s Treasury Committee that blockchain is little more than a fad and doomed to fail. He stated:…

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