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Calm Before the Fork – Segwit2x Goes Silent as Bitcoin Split Looms

October J, 2017
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Calm Before the Fork – Segwit2x Goes Silent as Bitcoin Split Looms "It's sort of like the quiet tension before a battle." That's how Jean-Pierre Rupp, a developer at bitcoin wallet provider Blockchain, described the current state of Segwit2x development. With the code labeled "production ready," and the work of contributors like Rupp nearly complete, the main step left is the activation of the code, scheduled for late November. That's when the next stage of bitcoin's scaling debate, as they…

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Goldman Sachs CEO Lloyd Blankfein Latest Exec to Flirt with Bitcoin

October J, 2017
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Goldman Sachs CEO Lloyd Blankfein Latest Exec to Flirt with Bitcoin Lloyd Blankfein, CEO of Goldman Sachs, cozies up to bitcoin, albeit hesitantly. He’s following a global corporate trend. As its price rises, and bitcoin’s resiliency to regulation rumors and clampdown steady, it’s not hard to imagine more converts on the way.   Consigliere to the Elite The man’s words literally move markets. In a single Tweet, he can set the financial world aflutter. To wit: Goldman Sachs CEO, Lloyd…

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Analysis of Bitcoin, Ethereum, and Litecoin

October J, 2017
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Analysis of Bitcoin, Ethereum, and Litecoin * All the market data is provided by the HitBTC exchange.   The cryptocurrency universe is showing nervousness at the current levels, having recovered anywhere between 50% to 78% of the fall. After having sucked in the eager bulls at lower levels, is a retest of the lows on the cards? What should be the future plan of action? To hold out or sell now? Let’s uncover the possibilities In our previous analysis, we…

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Bitcoin: $6,000 and Beyond?

October J, 2017
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Bitcoin: $6,000 and Beyond? Bitcoin will quickly rise to $6,000 and you’re all foolish for thinking otherwise. At least, that’s what industry experts are saying. Of course, they added one important caveat: expect volatility to continue. Bullish on Bitcoin The cryptocurrency community has fallen on hard times as of late, but that hasn’t stopped the industry’s brightest minds from maintaining their bullish bets on BTC. The next major target that experts are eyeing is $6,000, which is a nearly 40%…

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IMF Head – Cryptocurrency Could Be the Future. Really.

October J, 2017
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IMF Head – Cryptocurrency Could Be the Future. Really. Christine Lagarde sees a path ahead for cryptocurrency. The managing director of the International Monetary Fund, or IMF, talked up the potential of virtual currencies to supplant traditional monies in coming decades on Friday. Cryptocurrencies, or virtual currencies, are a new class of digital assets powered by blockchains, distributed ledgers that made their name underpinning networks like Bitcoin and Ethereum. Unlike JPMorgan Chase CEO Jamie Dimon and billionaire hedge fund founder…

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Chinese money dominates bitcoin, now its companies are gunning for blockchain tech

October J, 2017
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Chinese money dominates bitcoin, now its companies are gunning for blockchain tech Beijing, China It’s a sweltering summer night when I’m invited to join a bitcoin miner from Shenzhen at a “bitcoin club” somewhere in downtown Beijing. I’ve just returned from visiting one of the world’s largest bitcoin mines and find myself at a gathering of cryptocurrency enthusiasts at a craft beer brewery in the Sanlitun nightlife district. I excuse myself from the bitcoin meetup and resort to jumping in…

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Will bitcoin ever be a safe investment or always a gamble

October J, 2017
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Will bitcoin ever be a safe investment or always a gamble? The boss of JP Morgan was unequivocal about bitcoin at a recent conference in New York: the digital currency was only fit for drug dealers and would eventually blow up. “[It] isn’t going to work,” said Jamie Dimon. “You can’t have a business where people can invent a currency out of thin air and think that the people who are buying it are really smart.” A few days after…

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