In the 16 years that I have spent observing and trading the markets, there were several incredible events that changed how I look at investments. The bull market in stocks that is fuelled by free money, the Lehman-Crash, and the Dot-Com bubble were among them. To be clear, the current cycle in cryptocurrencies is not one of those, even as some of the coins routinely double daily. Why is that? Because the dynamics behind the moves are familiar; precious metals Read more …
South Korea is reportedly “considering” a ban on cryptocurrency exchange as lawmakers criticize it as “deceptive.” As local news outlet Hankyung reports today, the government is currently looking at changes to the law which would effectively criminalize exchanges in a method similar to China. “We are actively considering ways to prohibit transactions on domestic exchanges by judging virtual currency trading as a deceptive means of defrauding people […] under the penal code,” the publication quotes an official as saying. This, Read more …
Bitcoin buyers have to pay about $ 7,450 on Thursday for one of the coveted digital tokens of the world’s largest cryptocurrency. Thus, the digital currency has recovered from its interim crash and is back on track for success. If Bitcoin is too expensive for that, you should take a look at the price development in Zimbabwe – in the South African country, the bitcoin at the local trading center Golix costs around $ 13,499. Political instability The reason for Read more …
Bitcoin has had a quite a year thus far, to say the least. A 10x return since the beginning of the year has put bitcoin on a parabolic growth path that is testing the limits of this 2-year long bull market: Figure 1: BTC-USD, 3-Day Candles, Parabolic Growth Envelope The gains have been incredible for those trading bitcoin for the last couple years, and it appears that this parabolic envelope is coming to a close. In order for this bull Read more …
The Central Banks of Kenya and Swaziland have recently made statements pertaining to cryptocurrencies, with Kenya’s central bank indicating that the nation’s financial regulatory bodies will meet at the start of next year to discuss cryptocurrency regulations, and Swaziland’s central bank stating that it does not wish to inhibit innovation in the nascent industry. In other central bank news, the Reserve Bank of Australia (RBA) has addressed cryptocurrencies during a recent parliamentary committee testimony on taxation. Kenyan Regulators Will Meet Read more …
In the mad mania for cryptocurrencies, there are some dissenting voices from old timers, calling this irrational exuberance. Could a crypto winter be in the offing? Eerie similarities to 2013 A year after the block reward halving, with media buzzing about Bitcoin, and a multifold increase in price – this is not just a description of 2017 but also perfectly fits 2013. After the block reward halving in 2012, the price of Bitcoin shot up during the following year. The Read more …
MOSCOW (Oct. 22, 2017)—Just one month after shattering its Initial Coin Offering (ICO) goal and successfully thwarting hackers, blockchain startup KICKICO’s streak continues with the October 22 launch of its KICK Tokens on the HitBTC exchange. It’s a move that crypto enthusiasts have been waiting forever since the fully launched 3-in-1 blockchain ICO crowdfunding and crowd investing platform closed its ICO on Sept. 16. KICKICO raised $12 million in ETH within just two hours of its ICO launch and had Read more …
Malta’s annual iGaming week is just around the corner! The team behind SiGMA is gearing up for the largest iGaming show Malta has ever seen, planning conferences, networking dinners, and week full of events. With a sold-out floor plan, the week will be jam-packed with wining, dining, networking, and business leads. Main executives and exhibitors showcasing here will include Mr. Green, Blexr, Bet365, William Hill, Better Collective, Poker Stars, Catena Media, Malta Gaming Authority, Cherry, Microgaming, XLMedia, Ladbrokes, and many, Read more …
The government of Malta is advancing a project to test the feasibility of using Blockchain technology for the recording of academic certificates. The government has partnered with Learning Machine Technologies to advance the project. Under the agreement, learners and workers in Malta can safely store their educational records and other credentials in one place, prove ownership of the records and credentials, and share them with anyone around the world for free. According to Minister for Education and Employment, Evarist Bartolo, Read more …