Month: November 2017

With every passing week, Bitcoin seems to surge to new heights amid growing anticipation of widespread mainstream acceptance. As the price of the founding cryptocurrency continues to soar, influential financial analysts, stock pickers, forecasters and pundits wax lyrical over it’s growing value. Just a week ago, Russia Today show host Max Keiser speculated that Bitcoin would surge to $100,000 high in the future and now the American has hit out at conventional fiat currencies, which are the current lifeblood of Read more …

So long have the central banks across the globe held a massive monopoly over the most important resource, money. They have built their rules and shaped their fortunes, but now, there is an upstart digital currency challenging all this, and no one is really sure of how to handle it. The emergence of Bitcoin as a real player, a real threat, has caused many to take sides. From the Wall Street Banks who are either in Jamie Dimon’s corner or Read more …

From 2011 to 2013, the now-defunct cryptocurrency exchange Mt. Gox, had lost 850,000 Bitcoins it had stored on behalf of its clients and traders. At today’s Bitcoin price, the stolen Bitcoins amount to a staggering $8.25 bln. In 2014, the Japanese government formed a task force and a trustee to extensively investigate into the case of Mt. Gox, as the company filed for bankruptcy. Former Mt. Gox CEO Mark Karpeles was investigated by the Japanese law enforcement, while former Mt. Gox Read more …

Spanish banking giant BBVA has successfully piloted a blockchain solution for paperless trade transactions between Europe and Latin America. The blockchain pilot, built on the Waves platform, was carried out to automate electronic submission of documents for an actual sale transaction between Mexico and Spain in a move to speed up the time required for sending, checking and authorizing cross-border trades, a press release states. The blockchain system reduced the time taken for document verification from 7–10 days to just 2.5 hours. According Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Hong KoKong-based cryptocurrency exchange Gatecoin’s marketing chief has stated that bitcoin price, despite these boom times, is “undervalued.” In a televised interview with Bloomberg today, Gatecoin’s marketing chief and head of business development for Asia Pacific Thomas Glucksmann was led onto the subject of bitcoin’s “fair value”, at a time when prices are nearing $10,000 – a remarkable 10x gain since the turn of the year. The Read more …

On Nov. 23, Achain’s founder Tony Cui made a post on BitcoinTalk Forum unveiling the basic framework of the freshly designed Fork Theory on chain-split. Multiple forum users have fervently responded with technical questions, meticulously evaluating the theory’s value as a potential transition of the current Blockchain model into an all-encompassing ecological reality. Cui’s purpose of posting was to gather public feedback in preparation for his in-depth keynote on Fork Theory for the upcoming Asia Blockshow in Singapore on Nov. Read more …

Iran’s cyberspace authority, the High Council of Cyberspace (HCC), has claimed that it supports any move to regulate the use of digital currencies like Bitcoin in the country’s jurisdiction. The council has also reiterated the importance of creating and following laws in the country. Based on a report by Irani newspaper Financial Tribune, HCC Secretary Abolhassan Firouzabadi stated that they welcome the regulation of Bitcoin and other virtual currencies and following the rules is a must. “We welcome Bitcoin, but Read more …

Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative. In this opinion piece, part of a weekly series of columns, Casey suggests that bitcoin’s price might be in a bubble and that curtailing the mania around it would be good for the technology’s future. This is not “normal.” Of course, not being normal is part of bitcoin’s appeal. Bitcoin has redefined money and created the hitherto non-existent concept Read more …

Key Highlights Ethereum classic price gained heavily recently and moved above $25.00 against the US Dollar. There is a key bullish trend line forming with support at $26.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might correct a few points lower but remains supported above the $26.00-25.00 levels. Ethereum classic price gained a lot recently against the US Dollar and Bitcoin. ETC/USD is now above $25.00 and looks set for more gains. Ethereum Read more …

On Nov. 30, back in 2011, Roger Ver made a bet to the world, that Bitcoin is going to outperform gold, silver and the dollar by 100 times. This Nov. 30 is going to be the sixth anniversary of his bet, and Ver is set to make another bet to the world – this time about Bitcoin and Bitcoin Cash. Previously known as Bitcoin Jesus and now a vociferous advocate for Bitcoin Cash, Ver has recently advised NAGA Group, a Read more …

Hello and welcome to News BTC’s Market Outlook November. ETH/USD Ethereum continues to bounce around, using the $450 level as support. We turned around to form a supportive looking candle, and I think at this point it’s only a matter of time before we reach towards the psychologically important $500 level. A break above there, would send this market much higher. However, a breakdown below the $450 level could cause a pull back towards the $400 level underneath. ETH/BTC Ethereum Read more …