Bitcoin

Bitcoin: Bears Posses Control, But Analyst sees another Parabola – Here are the Targets

September 2nd, 2019

Bitcoin broke below $10,000 last week after failing to hold support. The move incited considerable fear in the market sentiments. Nevertheless, it hasn’t dropped below $9450 and turned positive during the weekend. The price of Bitcoin at 3: 30 hours UTC on 2nd September 2019 is $9785. It gained 1.69% during the last few hours…

Why the Birth of Bitcoin Can Be Traced Back to 1971

September 1st, 2019

The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, the pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite its obvious successes…

6000 Bitcoins Lost Forever? Indian Police Unfolds Story on Crypto Scammers

August 31st, 2019

In a shocking revelation yesterday, the Indian police unfolded the horrid story that befell on a group of crypto scammers. Mastermind’s behind a $62 million Bitcoin scam was dumped by five men in a hospital in Dehradun, India, who was found dead. Abdul Shakoor, 35, a resident of Kerala had duped investors in Manjeri, Pandikkad and Malappuram…

What’s Being Built – and What’s Not – on 2019’s Smart Contract Blockchains

August 30th, 2019

Has anyone checked in with EOS lately, to see how it’s doing? How about Tezos – any signs of life there? In mid-2017, two of the largest token sales in history birthed two smart contracting platforms that promised to topple Ethereum and usher in an era of fast and low-cost value transfer with dApps for…

Crypto Lending Platforms Prepare to Assail the Banking System

August 29th, 2019

The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come…

Crypto Can Boost Indian Economy – How Banning Will Hurt it

August 29th, 2019

The Indian economy is experiencing severe economic slowdown not seen in many years, and cryptocurrency can potentially help. However, the government is considering a draft bill to ban cryptocurrencies, which could have undesirable consequences on the economy. Meanwhile, the Indian crypto community has already been enduring a banking ban by the central bank. Job Growth…

Mega Drug Pushers Johnson & Johnson Get Away While Peaceful Silk Road Is Destroyed

August 28th, 2019

It’s been said that those who protest the loudest are often the ones who are guilty, and when it comes to government and their pet corporations, things are no different. No surprise, then, that the blustery moralizing — and violent state force brought to bear against businesses — are most intense where the money and…

Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached

August 27th, 2019

One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored blanks for the industry and further open…

The Changing Face of Cryptocurrency Trading in 2019

August 26th, 2019

The cryptocurrency exchange landscape has evolved significantly in 2019. The number, quality, and diversity of exchanges have multiplied, giving traders an unprecedented number of venues to choose from. This smorgasbord of options risks leaving traders overwhelmed, however, as exchanges jockey for supremacy, launching new features and products designed to woo the competition and cement their…

‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders

August 26th, 2019

The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still…