Bitcoin

South Korea’s Central Bank Says CBDCs Will Disrupt Financial Stability

February 7th, 2019

South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial stability. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a…

The Daily: 13% of Shoppers Would Buy Amazon Crypto, Wirex Adds Stablecoin

February 7th, 2019

In Thursday’s edition of The Daily we feature a recent survey that shows 13 percent of shoppers would be happy to buy cryptocurrencies under the Amazon brand. We also cover a new stablecoin integration by crypto card provider Wirex and a token promoted on Coinbase Earn. Survey: 13% of Shoppers Would Buy Amazon Crypto Online…

A Millennial and Crypto Love Story: How This Generation Is Ghosting Banks

February 7th, 2019

America’s youth has long been in a bad relationship with banks. Their predatory, self-serving practices have left a bad taste in the mouths of many young consumers, who have historically acclimated and resigned themselves to the system as they aged. Millennials have been accused of killing almost every industry, from golf to napkins, but now…

Bitcoin Usage on an Uptrend while Crypto Analyst says, Absolute Disaster for BTC Price in Medium-Term

February 7th, 2019

While Bitcoin daily transactions are on an uptrend since April 2018, Bitcoin price doesn’t seem to have any relief this year, according to analysts. Bitcoin Daily Transactions on a Steady Rise At the time of writing, Bitcoin has been trading at $3,412 with 24-hours loss of 1.50 percent. The leading cryptocurrency has been managing the…

Abra Adds Stocks and ETF Investing to Its Cryptocurrency Exchange App

February 6th, 2019

Abra has decided to add access to collateralized equities investing. This means that users of the exchange and wallet app in 155 countries will be able to trade on popular U.S. stocks and commodities like gold and even use cryptocurrency to do so. Invest in US Stocks, Gold and ETFs With Crypto Abra, a cryptocurrency…

Zcash Bug Demonstrates the Difficulty of Auditing Complex Cryptocurrencies

February 6th, 2019

A recent counterfeiting bug in Zcash demonstrates that the added functionality of so-called second-generation blockchains comes at a price. The vulnerability, which existed for years before being patched in October, could have been exploited to generate additional coins. As every major cryptocurrency since Bitcoin has demonstrated, added complexity corresponds with lower security. Zcash Vulnerability Lay…

Yellow Vest Movement Starts a New Form of Protest – Burning Banknotes

February 6th, 2019

For well over two months, the yellow vest movement in France has continued to keep itself illuminated with fervent protests against taxes, the banking system, and the region’s bureaucrats. On Feb. 1, a group of Gilets Jaunes working at the bill printing factory explained their plan to show the world they mean business by burning…

Bitcoin [BTC] Price Analysis: Is A Breakout From The Descending Wedge Imminent?

February 6th, 2019

Key Highlights: The current daily candle is a bearish engulfing candle. Daily indicators are bearish Price has made three unsuccessful attempts to break above the 7-day moving average. The price is trading in a short-term descending wedge and got rejected by the resistance line for the 4th time, sparking a sharp drop on very significant…

Scandinavians Can Now Buy Cryptocurrency Within the Opera Mobile Browser

February 6th, 2019

Opera Ltd (NASDAQ: OPRA), the Norway-headquartered company behind the web browsers used by over 320 million people, now lets users buy cryptocurrency directly within its mobile app. This service is being rolled out in Scandinavia first due to a local partnership. Buy Crypto on Opera for Android The Norwegian browser-maker Opera has announced that its…

Singaporean and Eastern European P2P Markets Post Record BTC Volume

February 6th, 2019

Several markets have seen spikes in peer-to-peer (P2P) volume, with the Kazakh and Singaporean Localbitcoins markets posting their second strongest weeks on record. Polish P2P trade also increased this past week, with volume reaching a 14-month high. Singaporean P2P Trade Sees Spike The current BTC price action appears to have driven an uptick in Localbitcoins…