One of the biggest banks in the Russian Federation is Sberbank. Herman Gref, its chief executive officer, recently revealed his experiences with the Bitcoin currency to the public. He identified benefits of digital currencies during a joint project presentation with Google. The CEO admitted having owned this virtual currency. He kept the Bitcoin for more than…
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Bitcoin’s price seems to be flirting with support levels at $765 levels as selling pressure keeps affecting the market. BTC/USD markets appear to have entered a downtrend in spite of trading volumes picking up.
Major Signals Bitcoin’s price has only kept falling following a short lived rally that pushed the price above $770 levels for…
Yesterday hackers made off with about $300.000 according to sources. They managed to infiltrate prominent blockchain investor Bo Shen, the founder of a venture capital firm Fenbushi Capital.
Through the process of mobile phone hijacking, the hackers managed to gain entry into Bo Shen's account on Poloniex Exchange. It is clear that proper security measures could…
Records from the United States Patent and Trademark Office revealed that 21 Inc applied for a patent intended for specialized Bitcoin mining system in May 6 (2015). The patent specifies “mining circuitry with adaptable or compliant difficulty compare capabilities.” This is the second application for the same company which presented a similar application in 2014…
BTC/USD managed to rebound to levels close to $770, yet the price didn’t move much higher than that. Underlying resistance made its appearance and the price has since fallen.
Major Signals The recent price rise comes after a period of low volumes and sideways trading, perhaps the market chose to continue its upward pattern.
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During the last couple of months, cyber attacks of all kinds have gotten significantly more complicated, but also started taking place more often. This leads people to imagine computing platforms that are unhackable, and do not have points of failure, thus being resilient to all forms of cyber attacks. Well, this reality could be closer than…
There've been several reports covering the fact that Russia has been trying to develop a bill meant to regulate digital currencies, yet nothing has been released so far. In fact, the Russian Ministry of Finance has recently sent out a press statement, saying that their introduction for a cryptocurrency regulation bill may be delayed until the…
So far, the relationship between Vietnam and Bitcoin was fairly unstable, considering the fact that not long ago, the country’s trust in the digital currency was shattered after the exposure of a Ponzi scheme, where lots of people lost valuable funds. In fact, since it first arrived on the market, the Vietnamese government issues several warnings…
Bitcoin markets are taking a downturn ever since BTC/USD started being affected by a correction preceding the price rally. Now, amid increased trading volumes, it doesn't look like this downturn is ending.
Major Signals Bitcoin trading volumes have picked up dramatically yet this isn't enough to keep down selling pressure.
Volatility is still in…
According to recent reports, it seems like the Huiyin Group in China, has just announced the release of the Huiyin Blockchain Ventures, also abbreviated as HBV, a subsidiary fund that is meant to focus on investments being carried out in the bitcoin sector. Reports indicate that the HBV will launch with a total of $20 million…
