When a Texas-based real estate brokerage firm sold a property using just Bitcoin, the ease of transaction became topical. “In a matter of 10 minutes,” says Sheryl Lowe, the agent who represented the buyer in the sale, “the Bitcoin was changed to US Dollars and the deal was done!” The same factor is playing out again. Handlers of the sale of a historic palace in the Spanish resort town of Ibiza are banking on the ease of Bitcoin to put Read more …
Electroneum, a cryptocurrency startup that offers an app that can be used on smartphones to mine digital currency, has come under a massive attack after it raised $40 mln in its ICO. The UK-Based company was hit by a DDoS attack – Distributed denial of service – which has locked out investors from accessing their accounts. This has led to the company being forced to delay their full launch of their mobile mining app. DDoS lockdown The DDoS attack, which Read more …
Chairman Emeritus of CMEGroup Leo Melamed has said Bitcoin will become a brand new asset class – not a currency. CMEGroup ‘Will Make Bitcoin Not Wild, Nor Wilder’ As Reuters reports Tuesday quoting the veteran financier, regulated Bitcoin trading CME announced last week will make it “not wild, nor wilder” for institutional investors. “We’ll tame it into a regular type instrument of trade with rules,” he told the publication. Bitcoin has surged in value following the news that Wall Street Read more …
Everybody has a clear understanding of how the next-generation messenger should look like as has seen the dubious principles of which the leaders of the sector work under in these days. Simply stated, each person is using between 5 to 7 apps at the least, just proves that there isn’t one unique enough that could serve the requirements of all clients. The research is done on the leading messenger apps such as Skype, WhatsApp, Viber, Telegram, Hangouts, Line, and e-Chat. Read more …
Canada is preparing for a country-wide legalization of marijuana next year and the provinces are scrambling for ideas on how to shift all of that herb. According to local press reports, there are plans to make non-medical cannabis legal by July 2018. Enter tech giant IBM who proposed using the blockchain to facilitate the Mary Jo market. The company is consulting with British Columbia as the state gears up for the production and distribution of cannabis. Blockchain was recommended to ensure Read more …
While there may be a major Wall Street divide when it comes to Bitcoin, there is no doubting the role that the institutionalized money movers and investors have had in helping drive the price of the digital currency up. However, as is the nature of the often cautious bankers and investors on Wall Street, they have needed their own push in recent times to get aboard the moon-bound rocket that is Bitcoin. That push has come in the form of all Read more …
Bitcoin’s growth year on end has been routinely flouted as being over 600 percent, and while that is, of course, an impressive number, it is hard to picture what that means in a market economy. However, when that figure is placed against other big and popular assets, a graph shows the true effect on the growth year-to-date. As it stands, looking at the performance range, Bitcoin ists at 663 percent growth. Up next is Apple stock which has grown an Read more …
Sheba Jafari, vice president at Goldman Sachs FICC Market Strats team, believes the bitcoin price will surpass the $7,900 mark in the short-term. “The market has shown evidence of an impulsive rally since breaking above 6,044. Next in focus [$]7,941. Might consolidate there before continuing higher,” said Jafari. $7,941, a Realistic Target? Jafari’s bitcoin price trend analysis and prediction was criticized by the bitcoin community for its specificity. Most traders, investors, and users of bitcoin understand by now that it Read more …
Bitcoin service providers are officially declaring their stance on SegWit2x. This upcoming hard fork may prove to be a rather disruptive force. No one knows for sure how things will play out in less than two weeks from today. CoinJar has clarified its position on this fork. The company will only support one form of Bitcoin for now. That situation may change come January 2018, depending on how the ecosystem looks then. It is evident services such as CoinJar are Read more …
The New Zealand Financial Markets Authority (FMA) has claimed that the cryptocurrencies or any initial coin offering (ICO)-derived token will be considered as a security in the country. The decision was detailed in the new guidance on ICOs and virtual currencies, that was released by the agency. In its statement circulated in late October 2017, the FMA claimed that any digital currency or ICO-obtained token would be considered as a security. The finance regulator also explained the various means in Read more …
Finance After the Securities and Exchange Commission (SEC) refused a review of Vaneck‘s exchange-traded fund (ETF) application, the company formally withdrew and went back to reassess. They’ve emerged, joining forces with Cryptocompare to offer single indexes and baskets of indexes, indices which will be the first of their kind by a major firm to track bitcoin and other cryptocurrencies. Also read: Bitcoin ETF Filed with SEC by Leading Gold Fund Manager Vaneck From Ceremonial Disinvitation to First of Read more …
Bitcoin developer Jimmy Song has said none of the most common predictions for SegWit2x will in fact come true. In an analysis Tuesday, Song said that the result of the upcoming Bitcoin hard fork will be more nuanced and that straight cancellation 2x or full surrender by Bitcoin Core were “highly unlikely.” “Big caveat is that I don’t expect any of these scenarios to come to pass,” he said introducing the current and future landscape. Warnings surrounding Bitcoin following Nov. Read more …