Mario’s Gourmet Deli.Frank ChaparroAt first glance, Mario’s Gourmet Deli, a New York City bodega on the corner of West 106th Street and Amsterdam Avenue, looks like a regular corner store. But inside there’s an ATM that gives folks access to what some view as the future of payments and finance: bitcoin. The recently installed ATM was featured in a New Yorker piece by Ian Parker, who described it as a “machine with the body of a regular ATM but the Read more …
Cryptocurrencies are undergoing a transformation — they are becoming part of our daily lives. We can now buy things with Bitcoin, which means that the mainstream denomination of “useless digital asset” will soon be erased. Bleeding Cryptocurrency Portfolios One thing has remained unchanged so far — volatility. Cryptocurrency prices are still extremely volatile, despite the large trading volume and the increasing amount of market participants. Economic theory dictates that as both increase, price discovery should increase, thus stabilizing the market. Read more …
Sept. 22, The Paper news agency reported that the Chinese regulators not only banned the exchange between Bitcoin and other cryptocurrencies and the Chinese Yuan, but they also called for all trading of cryptocurrency to any fiat currency to end. This carries the implication that all exchanges have effectively been banned. Shanghai goes further Furthermore, the regulators in Shanghai have asked for the top management of the exchanges, including the executives, directors, finance team and technical team members, to stay Read more …
In another statement that will certainly have cryptophiles fuming, Jamie Dimon, the erstwhile CEO of JP Morgan Chase Bank, was quoted in an interview in New Delhi India saying that cryptocurrencies ‘to me are worth nothing.’ Dimon was serious in his warning that as cryptocurrencies grow, governments will begin to control them, and will eventually ban them, throwing those who buy and sell them into prison. The commentary does not reflect the wider governmental acceptance of Bitcoin in the news Read more …
News Chinese cryptocurrency exchange ViaBTC has announced its plans to launch a trading platform based outside of China. The decision to establish an overseas-based platform follows announcements that the exchange will shut down operations in mainland China on September 30th. Also Read:Chinese Bitcoin Exchange Executives Allegedly Must Remain in China ViaBTC Intends to Launch an Overseas-Based Bitcoin Exchange After Ceasing Chinese Operations on September 30th Chinese cryptocurrency exchange ViaBTC has announced its intention to launch a trading Read more …
According to a recent study by the Cambridge Centre for Alternative Finance, central banks around the world are strongly in favor of Blockchain technology. This, in spite of the recent report by the ECB that Blockchain technology is too immature for widespread use. According to the study, central banks surveyed indicated that 20 percent of central banks will be using Blockchain technology by 2019, and 40 percent will have active Blockchain applications within a decade. Priorities Among the respondents, however, Read more …
Dr Paul Ennis is a research assistant at the Centre for Innovation, Technology & Organisation at University College Dublin, specializing in bitcoin and blockchain studies. In this opinion piece, Ennis takes a dive into the kinds of sub-cultures bitcoin and cryptocurrencies enable, tracing their origins in libertarianism – and beyond. Not everything is tameable – that’s a truism that might apply to bitcoin above all. Recently, researchers from City University and Stockholm University introduced the concept of the “bandit organization,” Read more …
One reason used by Bitcoin opponents, including Jamie Dimon, to attack it is its high volatility. Is high volatility such a bad thing for Bitcoin after all? Highly volatile asset class One reason why traditional investors have shunned Bitcoin is that its price has swung from one extreme to another. Its price increased from around $1,000 at the beginning of the year to a peak of over $5,000 in September 2017 (gain of +400 percent), before crashing to a low Read more …
According to one analyst interviewed on CNBC, the trading volume of Bitcoin, Ethereum and other cryptocurrencies could surpass that of Apple in the near future. The analyst, Jens Nordvig, founder and CEO of Exante Data, said that the cryptocurrency market is exploding, and global trading will soon surpass that of the tech giant. The surge in Bitcoin and Ethereum prices has led to a massive influx of traders and investors, seeking to participate in the financial boom. In fact, the growth has Read more …
Ethereum users may soon be getting a much-needed privacy boost. Long a shortcoming for all public blockchain networks, the world’s second-largest blockchain is nonetheless aiming for big improvements in its upcoming Byzantium release. For most buy-and-hold users, these limitations might not be apparent, but that’s not to say there aren’t potential implications that could affect the wide variety of users the network is trying to attract. As an example, the software upgrade comes at a time when regulation is putting a Read more …
Investor pro Doug Casey, founder of Casey Research, has changed his perspective on what Bitcoin is and is not. Previously, Casey held a mixed view of cryptocurrencies, doubting if they had the basic principles that make a currency. However, after further research and consideration, Casey has affirmed his view that Bitcoin is, indeed, money. This evaluation is based on five principles that make up a currency – durability, consistency, divisibility, convenience and usability. Among these five criteria, Casey says, he has Read more …
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. ClearPoll is an exciting new application of blockchain technology. A social public opinion polling system, using blockchain to secure votes and poll results. It is a project gaining momentum quickly, and has attracted interest from several Read more …