Blockchain is more than bitcoin – it has unlimited potential to transform society March 12, 2018 The popularity of crypto assets, such as bitcoin, in recent months has drawn attention to the technology that sits behind them – blockchain. Blockchain is a distributed ledger that records transactions between two parties in a verifiable and permanent way. Blockchain’s main advantage is that it’s decentralised, and therefore avoids the inflexibility and inefficiency of [...]
Cryptocurrency investors unfazed by recent volatility as they plan to buy more digital currencies March 12, 2018 More than half of investors with exposure to cryptocurrencies are planning to snap up more digital assets over the next 12 months despite recent volatility in the market, a new report suggests. Over the next year, 56 per cent of crypto investors plan to buy more, compared with 31 per cent who plan to retain [...]
Fintech leaders predict ethereum’s market cap will surpass bitcoin’s this year March 8, 2018 Finder.com, a price comparison website, predicts that 2018 will be a big year for ethereum. The site enlisted a panel of nine fintech leaders to analyse the top 12 cryptocurrencies — bitcoin, bitcoin cash, cardano, dogecoin, ethereum, EOS, IOTA, litecoin, mondero, NEO, ripple and stellar lumens — and predict their market caps, values per unit [...]
Bitcoin price (BTC) hovers around $10,000 as regulators crack down March 8, 2018 Bitcoin is sitting just above the $10,000 mark after yesterday dropping by more than $1,000 in an hour as regulators continued to scrutinise digital assets. Yesterday, the US Securities and Exchange Commission (SEC) said it would require digital asset exchanges to register with the agency, sending bitcoin’s price plunging below the key $10,000 level. “If [...]
US President Donald Trump has dropped down the rankings of Forbes’ annual rich list for 2018 March 6, 2018 Donald Trump has slipped down Forbes’ annual rich list for 2018 after his fortune dropped by an estimated $400m (£288m) to $3.1bn. The US President has dropped 222 places on the rankings to come in at 766. The top spot is taken by Amazon boss Jeff Bezos, whose fortune has surged to $112bn from an [...]
Bank of England chief Mark Carney says cryptocurrencies are failing as money March 2, 2018 Bank of England governor Mark Carney said cryptocurrencies are failing as a system of money. In a speech to the inaugural Scottish Economics Conference, Carney posed the question: “How well do cryptocurrencies fulfil the roles of money?” In response, the Bank chief said: “The long, charitable answer is that cryptocurrencies act as money, at best, [...]
Bitcoin price (BTC) just climbed above the “critical” $11,000 level March 2, 2018 Bitcoin has climbed back above the “critical” $11,000 level this morning. The cryptocurrency has been trading around the $10,000 mark for the past month with just a few breaks above $11,000. “This is a critical area as traders have failed to break above the $11k mark and we will be watching the price action closely,” [...]
Venezuela is a socialist horror show – time for the British left to admit it February 23, 2018 What do you do if you are a tyrannical leader who has run your country’s economy into the ground, devalued its currency to the point where you can barely afford the paper that banknotes are printed on, and face fierce public and political opposition? If you are President Nicolas Maduro of Venezuela, the answer is [...]
France says bitcoin and other cryptocurrency derivatives come under Mifid II regulation February 22, 2018 Authorities in France are cracking down on cryptocurrencies after deciding cryptocurrency derivatives" fall under EU financial regulation. The French financial markets authority Autorite des Marches Financiers (AMF) said financial products based on bitcoin and other cryptocurrencies such as futures, binary options and contracts for difference, should fall under the European Union's MIFID 2 derivatives regulation. [...]
Petro: Venezuela launches its controversial oil-backed cryptocurrency, the petro February 20, 2018 The Venezuelan government has launched its new cryptocurrency, the petro, as the country struggles amid US sanctions and soaring inflation. Venezuelan President Nicolas Maduro first announced the controversial digital token late last year as a solution to the country’s economic woes, however the US Treasury has warned potential investors that buying the petro could violate [...]