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Bitcoin Price Analysis – The confluence of bullish continuation

March J, 2018

Bitcoin Price Analysis – The confluence of bullish continuation Bitcoin (BTC) continues to recover from this years low, set earlier this month. The market cap now stands at US$177.78 billion, with US$3.69 billion traded on exchanges in the past 24 hours. A recent acquisition has been a hot topic of discussion this week, with Circle buying Poloniex for US$400 million. Boston-based Circle is one of three companies that hold a New York bitlicense and also has plans to release a…

Chinese Entrepreneur Warns Against Mining and ICO Bans

February J, 2018

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Chinese Entrepreneur Warns Against Mining and ICO Bans Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of the challenges faced by cryptocurrencies are indicative of the typical “development process” experienced by emerging monetary forms.…

Bitcoin WARNING – EU Commission says crypto is NOT currency ahead of imminent crackdown

February J, 2018

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Bitcoin WARNING – EU Commission says crypto is NOT currency ahead of imminent crackdown BITCOIN and other cryptocurrencies do not have a "guaranteed value" and should come with a "clear and frequent" warning to investors in order to safeguard them from possible risks to their investments, EU financial services commissioner Valdis Dombrovskis said. Bitcoin and other cryptocurrencies have attracted a growing number of investors since their value began skyrocketing shortly before Christmas 2017. Mr Dombrovkis warned that speculation could pose…

This 11-year-old just wrote a book on bitcoin that hopefully a kid can understand

February J, 2018

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This 11-year-old just wrote a book on bitcoin that hopefully a kid can understand Andrew Courey, a middle school student in Massachusetts, recently published a 57-page book on bitcoin. He did the research when he wasn't in school, playing sports or working on mobile apps. Like most sixth graders, Andrew Courey is usually playing sports and toying with his iPhone when he's not in school. But unlike most other 11-year olds, he's also an expert on bitcoin. Courey is the…

Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS

February J, 2018

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Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS US-based cryptocurrency exchange and wallet service Coinbase sent an official notice Friday, Feb. 23 to approximately 13,000 of its customers whose information it is legally required to turn over to the US Internal Revenue Service (IRS). The IRS had initially asked Coinbase in July 2017 to hand over even more detailed information on every one of its then over 500,000 users in an attempt catch those cheating…

Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns

February J, 2018

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Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token. "I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago," Musk confessed. Using today's bitcoin…

Bitcoin Fees Are Down Big – Why It’s Happening and What It Means

February J, 2018

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Bitcoin Fees Are Down Big – Why It's Happening and What It Means $26 down to $3. The average cost of sending a bitcoin transaction is cheaper than it's been in a year and a half, showing the price isn't the cryptocurrency's only unpredictable metric these days. But with all the debate about growing fees, this might come as a surprise. After all, it wasn't so long ago that fees were so high a group of prominent investors and…

Bitcoin – British MPs launch inquiry into digital currencies

February J, 2018

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Bitcoin – British MPs launch inquiry into digital currencies MPs have launched an inquiry into cryptocurrencies and the technology behind them. The Treasury Committee said it wants to understand the risks and benefits of digital money following an explosion of interest – and investment – in them. The MPs will cover the role of digital currencies in the UK, including the impact on consumers and businesses. Although currencies such as Bitcoin have drawn criticism, the technology behind them has been…

Crypto Mining Craze Creates Global GPU Shortage

February J, 2018

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Crypto Mining Craze Creates Global GPU Shortage The cryptocurrency bull run of 2017 attracted multitudes of investors looking to get rich quick but it also created a mining boom that has resulted in a worldwide shortage of computer components. Miners Plunder Singapore, Hong Kong For Cheap Rigs Scores of miners from around the world come to the electronics bazaars in Asia to buy cryptocurrency rigs. Hong Kong’s Sham Shui Po and Singapore’s Sim Lim Square to name just a…

Trader Takes a Risk With Bitcoin, Becomes Cryptocurrency Billionaire

February J, 2018

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Trader Takes a Risk With Bitcoin, Becomes Cryptocurrency Billionaire A mysterious investor who had recently purchased astonishing $400 million in bitcoin has just become a cryptocurrency billionaire. Earlier this year, Bitcoin investors pressed the panic button when the cryptocurrency saw as much as 50 percent of the market lost amidst fears of growing regulations within the community. Taking advantage of the collapse Bitcoin experienced over the first two months of 2018, the unnamed trader with the Bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased…