Month: October 2017

According to the Iranian Deputy Minister of Information and Communication Technology, Amir Hossein Davaee, Iran have been conducting studies into how to prepare an infrastructure to use Bitcoin within the country. This could lead to greater adoption in the Middle-Eastern nation. To successfully integrate crypto, the deputy minister said that both infrastructural and economic issues needed to be addressed. Davaee told Iran’s Front Page news publication that the necessary departments were currently researching Bitcoin use and how it could benefit the Read more …

The European Commission has announced €30 billion on new investments in technology initiatives including those involving blockchain. The funding would come through the Horizon 2020 initiative, which to date has been supported by €77 billion in public funding. The goal is to support new investments in the areas of “migration, security, climate, clean energy and digital economy”, as well as “breakthrough, market-creating breakthrough[s],” according to a statement from Oct. 27. Clean energy is poised to be a major area of focus, Read more …

The CBOE is moving to offer futures and options trading for Bitcoin. This is a move to take advantage of a nearly $1.6 billion potential revenue opportunity for the CBOE (NASDAQ: CBOE). CBOE is one of the largest options and futures exchanges worldwide. This lends a huge amount of validity to the crypto-currency and is a game changer for Bitcoin. With increased access to mainstream Wall Street investors and the legitimacy of a major exchange trading the crypto-currency, far greater Read more …

After bouncing back and forth from $5100 to $6100, BTC-USD managed to squeeze out one more (albeit short-lived) all-time high. This article is going to present an update to the last discussion regarding the potential Wyckoff Distribution and provide a more contextualized, macro-view of the current bitcoin market. Before reading any further, I would like to emphasize the word “potential” within the context of this discussion because until the market actually reverses, this is nothing more than a potential market Read more …

A highly anticipated update to the Ethereum network could be happening before schedule according to developers. The Casper update may be rolled out as early as the next hard-fork, Constantinople instead of previous plans for it to come with Serenity, the last development phase, in 2018. The hard forks are underlying changes to protocol creating new rules to improve the system; they do not necessarily result in a split into two versions of the asset. There is no fixed date Read more …

Featured Former presidential candidate Ron Paul recently urged legalization of all competing currencies, crypto and otherwise, during a televised phone interview. He discussed his views on prices going forward, particularly of gold versus the dollar, and warned about government involvement with regard to the world’s most popular cryptocurrency, bitcoin.   Also read: Kansas Governmental Ethics Commission Forbids Bitcoin Campaign Donations To Politicians Former Presidential Candidate is Worried about Government Surveillance of Bitcoin Users Two-time Republican candidate for President of the Read more …

Billionaire investor Warren Buffett recently made headlines again when he issued yet another warning against investing in Bitcoin. Speaking to a group of business students at one of his recent Hilton hotel Q&A sessions, he paints a rather grim picture of the world’s most famous cryptocurrency in the future. “People get excited from big price movements, and Wall Street accommodates,” said Buffett. He then went on to say that you can’t put a value on it “because it’s not a Read more …

There is no escaping the fact that the Blockchain is the next wave of revolutionary technology. From the fax machine to email to voice over IP, Blockchain is integrating every sector of the market. However, not everyone can access or utilize it. Companies such as Microsoft and IBM are delving into Blockchain, making it applicable for all sorts of apps. Even those who oppose its by-product, Bitcoin, still see enormous value in the base technology. But again, while it is Read more …

So that’s the end of another day of trading in the bitcoin price and things have been pretty volatile throughout the session. This isn’t unexpected – we put forward our thoughts on some pending volatility as part of the first of our twice daily Bitcoin Price Watch analyses earlier this morning – but it’s something that has to be noted because it’s affected how we are going to approach things this evening. Specifically, we are going to be heading into Read more …

Japanese technology major Sony has filed a patent application for a Blockchain-based multi-factor authentication system (MFA). Based on the application, the electronics manufacturer could use two different Blockchain platforms in conjunction with each other in the proposed user login system. Based on the patent application document published by the US Patent and Trademark Office (USPTO) on Oct. 26, 2017, one of the proposed Blockchain platforms would create the authentication codes that will be used by a user to gain access Read more …

A hedge fund run by legendary investor Bill Miller now has about 30 percent of its assets in bitcoin, up from 5 percent last year, The Wall Street Journal reported Friday, citing an interview with Miller. The fund, MVP 1, bought its bitcoin for an average $350 each, the Journal said, citing a letter to investors released last week. With bitcoin trading around $6,100 Monday, that means the fund’s digital currency investments have soared more than 1,600 percent. Miller managed Read more …