Month: November 2017

Featured A Secret Service agent, key in prosecuting Ross Ulbricht during the infamous Silk Road case, was himself sentenced to prison 7 November 2017 for money laundering crimes while investigating Mr. Ulbricht.  Also read: Ross Ulbricht’s 144,336 Bitcoins Courtesy of Ars Technica. Silk Road Agent Sentenced, Again, to Prison Time Senior Business Editor at Ars Technica, Cyrus Farivar “was the sole member of the public in court” of San Francisco’s US District Court. He was there to witness Read more …

Bitcoin has hit new highs, and the popularity of other altcoins has also been steadily growing. We recently covered how Bitcoin is now ranked 32nd global currency in terms of physical money supply. The trends in the future are also bright for cryptocurrencies including Bitcoin, with crypto market cap all set to hit $1 tln by 2018. In this scenario, anything that makes trading cryptocurrencies easier and safer will have a huge impact. One of the big developments in this Read more …

We are now drawing things to a close on the European session in our bitcoin price trading efforts and it’s time to take the second of our twice daily looks at what’s moving and where we think that things are set to go next. Anyone that caught our analysis this morning will know that we were looking for a continuation of the volatility that has dominated the daily sessions this week so far, given that this volatility serves up some Read more …

Joseph Lubin, ethereum co-founder and CEO of blockchain firm ConsenSys, has said the cryptocurrency market is “totally a bubble,” according to a report. However, in comments made to Bloomberg, Lubin clarified that the market is a “good kind of bubble” that comes when a “profound technology” appears and cannot build out fast enough for people to see its “value and vision.” As reported, he said: “This technology is so powerful and profound that it is going to change the way IT Read more …

Bitcoin hardware wallet TREZOR has said it will allow users access to SegWit2x balances – if they manually split coins themselves. In a long-awaited statement on its position regarding the hard fork, TREZOR said it would issue a step-by-step guide for those users wishing to claim Bitcoin balances on both chains. “To safely split your coins, we will first wait for the chains to diverge significantly. Then, we will utilize locktime to lock the spending of your coins (UTXOs) before Read more …

Litecoin got its mojo back this week. Having spent a better part of the last month defending the key trend line support, the cryptocurrency is finally exploring above the $60 mark – clocking a three-week high of $63.71 yesterday. At press time, the litecoin-U.S. dollar (LTC/USD) exchange rate is at $62.00 levels. As per CoinMarketCap, LTC has seen a 7.46 percent appreciation in value over the last 24 hours. On a weekly basis, it’s up 13.38 percent. So what’s behind Read more …

A surprise political move by Zimbabwean president Robert Mugabe, who fired his deputy Emmerson Mnangagwa, has played havoc on the US dollar/bond note parallel exchange rate, as well as on Bitcoin price in the country. Bitcoin was already trading at a highly inflated rate in the troubled African country as its demand skyrocketed as a potential alternative to the dregs of a currency that Zimbabwe has left. However, that inflation has hit almost 100 percent as it trades about $13,000 Read more …

Featured In a conference call updating investors and media on its third quarter (Q3) earnings, Cboe Global Markets, which owns the Chicago Board Options Exchange (CBOE) and BATS Global Markets, said it’s bullish on cryptocurrencies. It said other exchanges, such as its “competitor across town,” are also believers in cryptos.     Also read: Bank of America Bullish on Bitcoin ETFs, Anticipates 1.6 Billion USD Market Legacy Exchanges Get New Religion, Cryptocurrencies A 7000 USD price point will change many Read more …

Shaun Bridges, the secret service agent twice arrested for theft of Silk Road Bitcoins, has received a further two-year jail sentence for his second offense. As Reuters, Ars Technica and others report Wednesday, Bridges who is already serving six-and-a-half years for theft, plead guilty to extended charges in August and received the verdict this week. California judge Richard Seeborg commented on the events transpiring after Bridges’ first indictment: “Particularly troubling is the fact that Mr. Bridges did engage in further Read more …

As a financial tool for blockchain companies, the ICO has already started to lose popularity in its original form. More and more, however, companies in the non-crypto economy are pondering the idea of raising money through an ICO. But, when it comes down to it, these companies don’t have the know-how, nor the willingness, to switch their business processes over to the blockchain. What would an ICO do for these companies? Would it just be a tool to raise funds, Read more …

Every cryptocurrency in existence today is always looking to generate more liquidity. This means currencies need to get added to additional trading platforms moving forward. Ethereum has been incredibly successful in this regard over the past few years. Upbit, one of the biggest exchanges in South Korea, has added a KRW/ETH pair. This is a major development for the second-largest cryptocurrency by market cap in the world today. There is no shortage when it comes to cryptocurrency trading platforms which Read more …