Month: November 2017

Traditional financial word is long-established, it is strictly controlled by the government, and its functions are divided amongst a number of players: banks, brokers, stock markets, auditors, and investors. The cryptocurrency market situation is different: chaos and inconsistency reign supreme, clear-cut rules of the game and external regulation are non-existent. Mass media and social media are stirring up interest for blockchain projects and new cryptocurrencies, but very few sources publish verified information. Today hundreds of altcoins exist, and new ones Read more …

Despite hitting $10,000 among major exchanges just hours ago, Bitcoin has already tackled $11,000 as markets show no signs of slowing. The first hours of Wednesday saw $10,000 come and ago on Coinbase, Bitstamp, Bitfinex and others, with trading continuing to just below $10,700 before a correction. That correction was short-lived, however, with Bitcoin then passing that mark to first hover around $10,750 and then continue to the next barrier soon afterwards. Both Bitcoin’s rate of growth and comparative lack Read more …

Featured There’s no such thing as a legal age to buy bitcoin. If you’re old enough to appreciate it, you should be old enough to buy it. In practice though, most exchanges mandate a minimum age of 18, in keeping with KYC requirements. It doesn’t matter how clearly you’ve scanned your documents and signed your name: if you’re underage, you’re not getting in. How, then, can minors buy bitcoin without breaking the law? See also: 12.6M Viewers Will Read more …

The classic price of Ethereum doubled almost this week before the first phase of the new monetary policy was performed in the Ethereum Classic protocol. A week ago, the ETC price of the ether was 18 USD, and it remained until the end of the week when, like many cryptocurrencies, it got a whipping after the holiday. ETC went into the new week at 22 USD and stayed there until Monday afternoon.   At approximately 12:05 UTC, the Classic Ethereum Read more …

Media company TechCrunch founder Michael Arrington has announced that he is raising $100 mln for a hedge fund called Arrington XRP Capital. The fund will be mainly involved in the buying and holding of cryptocurrency assets, as well as in investing in token sales and some equities and debt. According to Arrington, his entry to the virtual currency market marks the next stage of his professional career and he thinks that he will be involved in the sector until his Read more …

Bitcoin cash developers have made “tentative” plans to increase the cryptocurrency’s block size again next year. At least, that’s according to a new, rough 6–12-month roadmap released yesterday by the bitcoin offshoot’s main developer team, Bitcoin ABC. The roadmap notably includes two hard forks – an upgrading method that requires everyone running the software to upgrade – scheduled for May and November of 2018. Bitcoin cash is a cryptocurrency that emerged earlier this summer out of bitcoin’s block size debate. Read more …

Cryptonetix.com is a web-based investment application platform that incorporates methods such as Fibonacci, Harmonics, Elliott Wave, Price Action, AI and more. November 29, 2017, Cryptonetix.com was pleased to announce that the injection of some private investment funds helped push them over the top of their Soft Cap target. They will be added to select exchanges in coming days. This is still a great opportunity to take advantage of special discounts on CIX tokens. Having met their Soft Cap places Cryptonetix Read more …

Bitcoin may be starting to show signs of bull market exhaustion. As per CoinDesk’s Bitcoin Price Index (BPI), bitcoin (BTC) rose to a new all-time high of $10,831.75 at 05:35 UTC, having first moved above $10,000 in Asian trading hours. As of writing, BTC is at $10,900. The meteoric rise has taken year-to-date gains to 1,000 percent. Still, there is a need to be cautious, the latest price and volume activity suggests. The above chart shows: A high volume price drop to near Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Wall Street magnate John Bogle has warned investors to keep their money away from the bitcoin industry. Jack Bogle, a legendary investor and founder of Vanguard Group, an investment firm managing $4.5 trillion in global assets, has poured scorn on bitcoin as an asset at a time when the decentralized cryptocurrency is valued above $10,000. At 88 years old, the now-retired chairman of the Vanguard Group was Read more …

BitPay is the largest online Bitcoin payment processor in the world. The company has introduced some changes over time, which aren’t always appreciated. In a new effort, the company is addressing challenges associated with Bitcoin. The Bitcoin Payment Protocol will soon become mandatory for all transactions. This protocol has been on the company’s roadmap since back in 2014. It is an interesting change, as it will prevent any errors made during the payment process. To put this into perspective, few Read more …

The Central Bank of Russia warned investors on the risks of investing in cryptocurrencies in a report released yesterday. According to TASS, the central bank’s annual Financial Stability Report noted an apparent bubble in the cryptocurrency markets, stating that it may lead to “substantial losses” for investors. The report also stated that cryptocurrencies may be used for criminal activities, in particular for money laundering and terrorism financing. The report continued on to declare that: “The task of national and supranational regulators Read more …