On December 29th Ripple soared by more than 55% to reach an all time high of $2.23 implying a market cap of more than $86 billion which was well-over Ethereum’s $73 billion at the time. Coverage seems to be infiltrating mainstream media now, with Ripple even getting a mention on the BBC. So what has caused this market reaction? I think the market is taking notice of Ripple’s speed, reliability and scalability — which has strengthened the demand for Ripple Read more …
Baofeng Group (Shenzhen Stock Code: 300431) subsidiary Beijing Baofeng Xinying Technology signed a strategic partnership with Metaverse on 25 December 2017. As strategic partners, both parties will jointly research and develop the Blockchain Consensus Network (BCN) as well as Blockchain-as-a-Service architecture, with the aim of expanding blockchain technology applications. According to the terms of the partnership, Metaverse will provide technical support for full nodes for Baofeng Bokocloud and assist with upgrades to their consensus mechanism and incentive model. Baofeng Xinying Read more …
Featured The Commodity Futures Trading Commission (CFTC), the industry’s main regulatory arm, reports a net increase in short contracts; volume is sluggish, and a legacy bank has now outright forbid clients and advisers from trading in the relatively new product. While it is too early in the experiment to draw definitive conclusions, bitcoin futures might not be the boost enthusiasts hoped. Also read: Jimmy Song Uses Andreas Antonopoulos Model, Open Sources Forthcoming Books Bitcoin Futures Present is Read more …
An Indian government policymaking body is eyeing the potential applications of blockchain technology across various sectors. As part of that process, the National Institution for Transforming India, known as NITI Aayog, is developing a proof-of-concept to explore blockchain in key sectors including education, health and agriculture, the Economic Times says. An anonymous senior government official reportedly said that blockchain’s promise in secure document verification is the primary reason for potential adoption of the tech. The move comes after the think tank conducted a hackathon in Read more …
President Nicolas Maduro announces that 860,811 young people have registered to mine the Petro, the new national cryptocurrency of Venezuela. Paper Virtually Worthless Economically, Venezuela has been in terrible shape for a number of years. The failed socialist policies of Hugo Chavez and Nicolas Maduro have destroyed the national economy, caused massive hyperinflation, and led to a humanitarian crisis where food and medicine are in short supply. In such times, many have turned to mining Bitcoin in order to survive, Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bank of America’s brokerage arm Merrill Lynch has barred clients and their financial advisers from participating in bitcoin investments. The Wall Street Journal, upon reviewing an internal memo by Merrill Lynch, reports that the brokerage arm has specifically highlighted Grayscale’s Bitcoin Investment Trust, a open-ended trust fund directly invested in the world’s first cryptocurrency. The fund is run by Grayscale Investments led by Barry Silbert, a former Wall Read more …
Bitcoin has come under pressure today amid sharp gains in alternative currencies, but the charts are showing no signs of panic. Having clocked a high of $15,394.99 at 02:14 UTC today, CoinDesk’s Bitcoin Price Index fell to an intraday low of $14,225.17 at 09:14 UTC. At press time, bitcoin was trading at $14,500 levels. Quite clearly, the 2 percent depreciation in the value shown by data source CoinMarketCap is largely due to the decline seen between 02:14 UTC and 09:14 UTC. Read more …
Various countries all over the world aim to regulate cryptocurrencies. That is much easier said than done, though. After all, cryptocurrencies can’t be controlled by default. In South Korea, the government has taken a slightly different approach. Their form of cryptocurrency trading regulation doesn’t sit too well with the general public. In fact, a Seoul-based law firm has filed an appeal regarding this matter. It is evident the regulation of cryptocurrency trading is a very sensitive subject. It may seem Read more …
Sharing economy Cryptocurrencies may be bringing us closer to a world of singularity and the Matrix more than we can imagine. One experiment designed by Manuel Beltrán aims to bring humans closer to this world by using human-powered energy to mine digital assets. The Dutch-based research and development team called the Institute of Human Obsolescence led by Beltrán is mining cryptocurrencies with a special bodysuit that harvests human body heat into a sustainable energy source. Also Read: Public Read more …
3 January Is The Last Day To Participate Wednesday 03 January, 2018, Zug, Switzerland – trade.io has announced that it has raised over $24 million from more than 12,000 participants worldwide. Now reaching the end of crowdfunding activities for its ICO, the company has announced 7 partnerships with major international industry players including technology leaders, exchanges and academic institutions, signaling that the company has long term plans to dominate the financial and blockchain environments. Civic, revolutionary identity verification services will Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Ripple price, which many investors claimed could not increase further after reaching $3, has demonstrated yet another 33.8 percent surge over the past 24 hours, as the market valuation of Ripple surpassed $141 billion. Meteoric Rise Over the past seven days, the market valuation of Ripple has risen from $52 billion to $141 billion, by nearly three-fold. Ryan Shea, a highly respected bitcoin developer and the Read more …
Merrill Lynch, the brokerage arm of Bank of America, has blocked financial advisers and clients from trading in bitcoin-related investments. The ban extends to clients trading in Grayscale’s Bitcoin Investment Trust, a fund led by bitcoin entrepreneur Barry Silbert. The decision to block access to the fund was due to concerns about the “suitability and eligibility standards of this product,” an internal memo circulated to approximately 17,000 advisers states. According to the Wall Street Journal, the bank has extended a ban on Read more …