Tim Draper has every reason to be bullish on Bitcoin as he has seen his $20 mln investment in the digital currency grow by over 1,000 percent in just three years. Draper is now predicting that in five years fiat will be so obsolete, it will be laughable. The tech investor has made a fortune backing companies like Skype, Tesla and Twitter. He first got involved in Bitcoin after he bought 30,000 of them in 2014 in a government auction Read more …
Four investors in GAW Miners have sued Stuart A. Fraser for his role at the defunct crypto business, following a guilty plea of wire fraud by his longtime partner, Josh Garza. In a complaint first filed in the U.S. District Court for Connecticut last year, the plaintiffs accused Fraser, GAW Miners and ZenMiner of violating federal and state securities laws. Fraser, the vice chairman of Wall Street firm Cantor Fitzgerald, subsequently filed a motion to dismiss all the allegations, which the court Read more …
Before yesterday, alt coin NEO trading charts were “boring”. Simply put, volatility remained low and within a $4 range. However, yesterday there price action across major alt coin rallied with Monero and DASH breaking above key resistance lines. ALT COIN NEM BROKE ABOVE RESISTANCE $0.20 NEMUSD Daily Chart for 09.11.2017 Yesterday, alt coin NEM closed as a strong bull after price action broke above the resistance line at $0.20. While this was expected given the across the board appreciation of Read more …
Key Highlights ETH price recovered sharply after bitcoin hard fork was called off and moved above $302 against the US Dollar. There is a major bullish trend line forming with current support at $304.50 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might continue to move higher as long as it stays above $302 and $300. Ethereum price recovered sharply against the US Dollar and Bitcoin. ETH/USD gained pace above $300 after bitcoin hard fork was Read more …
Regulation The chairman of the Israel Securities Authority (ISA), Professor Schmuel Hauser, has recently outlined a number of the regulator’s concerns regarding cryptocurrencies and initial coin offerings (ICOs). Also Read: Israeli Securities Authority Establish Committee to Consider ICO Regulations “There’s a Difference Between Blockchain Technology in General, and Cryptocurrencies and ICOs” Professor Hauser opened his address by seeking to demarcate between the blockchain and cryptocurrency industries. The ISA chairman stated that “blockchain technology is here to stay and Read more …
Bitcoin Price Key Highlights Bitcoin price enjoyed additional volatility on news that the hard fork will be suspended. Price popped up to new highs at $7900 before quickly retreating. The ascending channel marked earlier is still intact, which means that bullish momentum is still present. Bitcoin price popped higher on reports that the network update will be suspended but settled back inside its ascending channel. Technical Indicators Signals The 100 SMA is still above the longer-term 200 SMA so the Read more …
Though initial coin offerings, or ICO, have been around for several years, 2017 is the year where they really decided to take off. There has been tremendous growth in ICOs the past couple of years, with a large majority of it coming this year. Time will tell what will happen in 2018, but even if the growth continues at a moderate pace, ICO investors are in for one wild ride. As is expected, not everyone is a fan of ICOs. Read more …
The Tokenbox platform, whose ICO is planned for November 14th, was given a “Stable+”, high-quality assets rating category. Top analysts of cryptomarket recommend to buy TBX tokens for long-term portfolios. The ICOrating agency also noted that The Token Fund, a successful tokenized cryptofund created by the same team, is one of the advantages of the project. Clear marketing strategy, a team of high-end marketing professionals, social media success are named among other advantages. Portfolio managers considering to start a crypto Read more …
No one wants to think about tax bills from the IRS, much less interest and penalties. But if you are one of the legions of people capitalizing on the wild west of cryptocurrency, you might need to. At the very least, you should occasionally stop to think about the IRS and taxes. Here are 10 tips: 1. Remember, it’s property. You might not agree with the IRS, but the tax man says cryptocurrency is property. The IRS made this clear Read more …
There will almost certainly be no Bitcoin hard fork next week: the main organizers behind the SegWit2x project have “suspended” their efforts.In an email to the SegWit2x mailing list, one of the main organizers behind the project, BitGo CEO Mike Belshe, explained that the proposed hard fork has not been able to gain sufficient consensus to proceed:“Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Read more …
These days, the ICO market is booming. Companies come up with more and more synonyms for this notion: crowdsale, token sale, contribution campaign, and so forth. Even those who have never been related to cryptocurrency, let alone invested therein, weigh on launching a token sale for different purposes. The market is still expanding, and most new ICO’s, whatever they are called, use Ethereum-based solutions to issue their tokens and roll out smart contracts. Some companies hire blockchain / smart contracts Read more …
Reviews This past September the cryptocurrency-based decentralized marketplace, Openbazaar, launched its 2.0 platform with a slew of new features. Now a couple of months later, the marketplace seems to be seeing some significant growth as vendors from Darknet markets are starting to flock to the protocol’s benefits. Also Read: Increased South African Bitcoin Adoption Highlights Need For Taxation Clarity Privacy Enhancements Give Openbazaar a Boost This week news.Bitcoin.com took a tour through the search listings held on Read more …