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Following a number of his colleagues in the financial sphere, PayPal Co-founder Max Levchin has said that Blockchain technology is revolutionary, but he’s still not sold on Bitcoin. The wildly successful entrepreneur is open on the cryptocurrency but still unsure of its long-term stability. Based on an interview, Levchin made it clear that the power of Blockchain technology should be far-reaching, but there’s just no certainty with Bitcoin. However, the genius of the cryptocurrency is without question. He said: “It’s a brilliant mathematical Read more …

The government of Russia has announced that it is advancing its plans to conduct a pilot test on the effectiveness of Blockchain technology in improving the local voting systems in the country. The government further claimed that the technology will make its ongoing Active Citizen program more transparent. In its public statement released on Dec. 4, 2017, the government said that it has already developed a pilot system for the monitoring of votes during elections through the Blockchain.  Part of Read more …

The addition of Bitcoin futures contracts to a number of exchanges in the past month has been hailed as a massive bull signal, but, according to some analysts, the addition may actually provide a platform for a huge pending short market. The potential that the cryptocurrency may fall could lead to massive numbers of investors taking short positions. According to a recent Bloomberg article, the massive pressure for short selling may come from hedge funds wanting to take advantage of what they see Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin may be a bubble, but that isn’t worrying Da Hong Fei, founder of NEO, the 12th largest cryptocurrency with a market capitalization of $160.852 million. “There is a bubble in this industry; I’ll say it’s okay,” Hong Fei told CNBC. “Every technology that is so disruptive, there definitely will be bubbles.” He said there were bubbles for trains and automobiles at one time. He said blockchain Read more …

International money transfer services provider Western Union (WU) has launched a campaign against wire transfer transactions involving digital currency exchanges. The company’s decision to disallow cryptocurrency-related services or transactions is covered by its internal regulations. In a post by a Reddit user in early December 2017, the company has reportedly advised the cryptocurrency exchange Kraken that it is not processing a transaction related to digital currencies because it is against its internal rules. This decision by WU is expected to Read more …

As Bitcoin’s market capacity rapidly approaches $200 billion it may be time to reflect on what the king of cryptocurrencies has recently surpassed. The unprecedented demand and resultant price surge mean that the digital asset is now has a greater market cap than some nations, a lot of big companies and a number of billionaires. Coin tracking website coinmarketcap.com currently lists the capacity as $199.2 billion with a price of $11,900, a 24-hour trade value of $6.28 billion, and a Read more …

A group of well-known musicians including Mariah Carey, Marilyn Manson and more has begun accepting the privacy-oriented cryptocurrency monero. The list of more than 40 top recording artists – Slayer, Weezer, G-Eazy, Sia and Fallout Boy are among those also included – comes as part of “Project Coral Reef,” which was put together by entrepreneur Naveen Jain and monero lead maintainer Riccardo “Fluffypony” Spagni. The online shopping initiative lets users buy albums and merchandise at a discounted cost, including 15 percent Read more …

The week is now well and truly underway and it’s time to take a look at how things are moving in the bitcoin price and where we expect things to go from here near term. Overnight action brought pretty much a continuation of the sort of stuff we were seeing during the session on Monday, with a bout of upside momentum followed by some short-term corrective activity and, subsequently, a return to the overarching upside trend subsequent to the correction Read more …

Oil and gas supply chain management platform PetroBLOQ has become the latest member of the Enterprise Ethereum Alliance (EEA) . Being developed by Petroteq Energy in collaboration with the First Bitcoin Capital Corp, PetroBLOQ joins the business-focused blockchain consortium as part of its plan to build “transformative solutions” for the oil and gas industry, said the company CEO Alex Blyumkin in a press release. According to Julio Faura, chairman of the board of the EEA: “We seek to attract a variety of organizations Read more …

3.79 million bitcoin is estimated to be lost permanently on the public blockchain. Given that nearly 20% of its supply is unspendable, bitcoin is currently undervalued. At the time of reporting, the market valuation of bitcoin is at around $196 billion. The price of bitcoin is calculated by dividing the market cap with its circulating supply of 16.72 million. But, according to a study conducted by bitcoin blockchain-focused digital forensics firm Chainalysis, approximately 3.79 million, or $43.5 billion worth of Read more …

Featured The first of its kind to be funded by bitcoin, Silk Road, the play, ran in 2014 at the prestigious Edinburgh Festival Fringe. After a hiatus, it’s back and having a premiere in London. A one-man story based loosely on the trials and tribulations of Ross Ulbricht, who was convicted of having operated the notorious site and sentenced to two life terms, the production is both a symbol of the world’s most popular cryptocurrency’s drama and Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Max Levchin, a co-founder of major payments giant PayPal, isn’t sure bitcoin is a certain bet despite being a big believer in blockchain technology. Speaking to CNBC on the sidelines of the aptly titled Breakthrough Awards on Sunday, Levchin was asked to share his thoughts on blockchain technology, a decentralized innovation best-known for its association with bitcoin, the world’s first cryptocurrency. “It’s a brilliant mathematical idea, fantastic Read more …