The bitcoin exchange BTC-e.com went offline on July 25 after the arrest of Alexander Vinnik, who is according to the US Department of Justice related to the exchange and was arrested by local police while on holidays in Greece. Charged by the Department of Justice for $4 billion worth of money laundering, Vinnik had a hefty…
Francisco Blanch, the commodity and derivatives strategist of Merrill Lynch, the corporate and investment banking division of Bank of America made note of bitcoin in a recent report. Blanch is considered by many one of the top commodity analysts on Wall Street. Within it, Blanch compared cryptocurrencies to gold, as well as trying to look…
Bitcoin’s use cases have only been increasing ever since the cryptocurrency came out of the woodwork and continued to rise in popularity. While bitcoin might have started as a currency with a tarnished reputation due to some of the more malicious use cases it received, the increased amount of adoption to date has made it…
Initial Coin Offerings (ICOs) are currently big business in crypto. With over $1.2 billion raised in them through-out 2017 alone, according to the financial technology analytics firm Autonomous NEXT, it would be safe to assume that ICOs are doing very well in terms of raising funds from the cryptocurrency community. ICOs held in Ethereum’s blockchain, with…
Bitcoin’s future could be quite adventurous for owners and users given the upcoming potential disruptions in its network. All bitcoin users should pay special attention to the events planned to take place after August 1st and prepare for the various potential outcomes according to their own investing strategies.
BIP91 and SegWit
The Bitcoin Improvement Proposal No.…
Over the past few years, more and more services have been built around bitcoin as its user base grows. Bitcoin debit cards are one of the most recent improvements that have become reality thanks to an increased demand to spend bitcoin. What started as a niche kind of service has now become widely available and…
The past week was a particularly tough one for bitcoin prices. BTC/USD rates went from $2500 down to $1800 levels but prices recovered through the end of the week. Selling pressure got a hold of markets and panic selling ensued to cause price drops below supposed support levels. Yet, in spite of the breach the…
The crypto economy has allowed quite a few currencies to prevail and provide for different markets by catering to very different needs and demands. Other than the speculative interest that stands behind the support for many cryptocurrency tokens, the few tokens that have services behind them are basing at least a part of their value…
Bitcoin’s price appears to be following a trail of volatility as markets are led contradicting signals day after day. After prices reached highs at price points above $2550 on a couple of occasions, traders appear to be more hesitant when it comes to following up on positive signals as a further break through seems unlikely…
Bitcoin’s decentralized nature can in part be ascribed to the fact that it’s not released to the market through a central institution or procedure. Bitcoin was a first in successfully implementing a “mining technology” for digital currency distribution. Nowadays, bitcoin mining networks consists of the strongest computing network in the world, although with computing machines…