bitcoin

Bitcoin wobbles as traders turn to other cryptocurrencies

Bitcoin wobbles as traders turn to other cryptocurrencies It's been a volatile period for Bitcoin investors, as holders of the cryptocurrency prepare for a potential 'fork' in the blockchain. From Friday morning until Monday afternoon, Bitcoin was trading under the $1,000 level, and even fell beneath $900 on Saturday. This is significant as, barring the weekend of March 18 and 19, Bitcoin has traded above $1,000 since early February and hit a fresh all-time high of around $1,325 on March…

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Will The Bitcoin System Change Drastically in 2017

Will The Bitcoin System Change Drastically in 2017 Bitcoin continues to be as popular as it is volatile. Prices have been fluctuating since the beginning of the year, hitting an all-time high at more than $1,300 per unit a couple of weeks ago. Nevertheless, value has yet to stabilize for a number of factors. The cryptocurrency market has more competitors entering the game every day, with alternatives like Ethereum and Litecoin gaining more ground in the digital world. Still, they…

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Bitcoin slumps as traders’ fears of a hard fork

Bitcoin slumps as traders' fears of a "hard fork" Just this month the currency swelled to an intraday high of more than $1,350, but it's come crashing back down as a dispute over the underlying technology threatens to break it into two separate currencies: bitcoin and bitcoin unlimited. Bitcoin transactions are gathered into so-called "blocks", and developers have been embroiled in a long-running debate over the size limit of a block. Currently, there is a one-megabyte maximum on processing batches…

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A Regulated Cryptocurrency

A Regulated Taxable Cryptocurrency Regulatory compliance and cryptocurrency are unlikely bedfellows; paying tax on crypto transactions isn't even in the room. But times are changing. We are seeing a crop of services doing just those sorts of things, leveraging the transparent, immutable nature of distributed ledgers to track and trace cryptocurrencies. Recently the IRS has been rattling sabres at Coinbase in a move to get cryptocurrency holders to pay tax on transactions. According to court filings, less than 1000 people…

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Bitcoin Can Allow Mobile Payment System

Bitcoin Can Allow Mobile Payment System What Bitcoin solves… The essence of mobile payment systems is to make the life of individuals comfortable. Mobile payments are supposed to offer clients a convenient method of paying for goods and services while on the go. Since mobile payment solutions were introduced, experts have been saying that mobile payment is the biggest innovation in this age and that it is set to change the lives of individuals and businesses alike. The beauty of…

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UK Banks Shun Bitcoin !

Banks in the United Kingdom are turning a deaf ear to bitcoin exchanges, despite the government’s pro-blockchain position, according to financial writer Roger Aitken, writing in Forbes. Unless the situation changes, the banks will undermine bitcoin’s progress and drive Cryptocurrency entrepreneurs out of the banking system. This fact together with the uncertainty  surrounding the pound due to Brexit could be a disaster for those who live in the UK, the banks are feeling under threat. Hopefully the government will step in…

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Will $1,000 become new baseline for Bitcoin

Recently, the price of bitcoin surpassed US$1,000 for the first time since the first few days of January. It stabilized at the $1,020 margin in most global markets and exchanges. Some regions like South Korea, Japan and China demonstrated arbitrage opportunities, with bitcoin being traded at around 7~8% premium. bitcoin being traded at around $1,100 in South Korean #bitcoin exchanges including Korbit & Coinplug. Nearly 7% premium. pic.twitter.com/NeuWFzhn9f — Joseph Young (@iamjosephyoung) February 3, 2017 Although many factors can be analyzed to explain the…

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Bitcoin is back above $1,000

  Bitcoin is back above $1,000 Bitcoin is is back above $1,000 for the first time since January 5. The cryptocurrency was higher by 1.5% at $1,000.10 a coin as of 11:39 a.m. ET. It's been a wild year for bitcoin. It began 2017 with a 20% rally during the first five days of the year before crashing 35% on concerns of a crackdown on trading in China. Thursday's gains have extended bitcoin's winning streak to a sixth straight session…

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Everything You Need to Know About Bitcoin

Everything You Need to Know About Bitcoin Many netizens have heard of bitcoin, the digital currency. This means it exists electronically. To be more precise, bitcoin is a type of cryptocurrency – the implication of security and encryption is important. Cryptocurrency, or digital currency, is an invention of the Internet. Basically, someone out there thought, "hey, what if…Read more. In this post, we attempt to identify 10 questions about Bitcoins that can give you a clearer understanding of what it…

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As Bitcoin Price Surges, Phishing Attacks on Cryptocurrency Wallets Intensify

As Bitcoin Price Surges, Phishing Attacks on Cryptocurrency Wallets Intensify Today's Bitcoin to US Dollar exchange rate has reached $902, the first time Bitcoin price has gone above the $900 mark since January 2014, almost three years ago. Nobody knows what's driving this sudden surge of Bitcoin popularity, but cyber-criminals won't bother looking into macroeconomic factors when deciding that the market is ripe and ready for the taking again. Bitcoin price surge reverberates through cybercriminal landscape Over the past couple…

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