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Relief and Disbelief – Bitcoin Reacts to Sudden ‘2x’ Suspension

November J, 2017
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Relief and Disbelief – Bitcoin Reacts to Sudden '2x' Suspension The tweets came fast and furious, almost quicker than the articulation. After months of anger and debate, a group of businesses and mining firms that use bitcoin’s software to provide services suddenly shuttered an attempt at changing its rules. Scheduled to be introduced in mid-November, the Segwit2x software had emerged as a controversial bogeyman, a cloud of uncertainty over bitcoin’s future, that quickly gave way. Among those who had for…

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Bitcoin’s Bogeyman Cometh – Why Segwit2x Is a 51% Attack

November J, 2017
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Bitcoin's Bogeyman Cometh – Why Segwit2x Is a 51% Attack In bitcoin's Necronomicon of possible attacks and weaknesses, one reigns supreme – the 51% attack. If there is a fear that has played on people's minds as the end-of-days scenario for bitcoin, it is this. Attackers who hold more than 50% of hashing power could stop transactions from confirming and even reverse some transactions. They could undermine the whole project. Bitcoin's design and its system of economic incentives has been…

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Bitcoin Price Achieves New All-Time High at $7,598 -Why is the Market So Optimistic

November J, 2017
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Bitcoin Price Achieves New All-Time High at $7,598 -Why is the Market So Optimistic Once again, the bitcoin price has achieved a new all-time high at $7,598 on November 5, as the market continues to be optimistic about the mid-term performance of bitcoin. Rapid Adoption in Major Regions In Japan and South Korea, two regions in Asia that are known to have extremely conservative investors and traders, have seen an exponential increase in the demand for bitcoin from local traders.…

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Bitcoin Prices Still Firmly Above $7000, Without China

November J, 2017
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Bitcoin Prices Still Firmly Above $7000, Without China Bitcoin is unstoppable these days, passing one “technical” test after another, crossing the $5000-mark, the $6000-mark, and the $7000-mark in a matter of weeks. The “people’s currency” has gained 27.33% in seven days, as market volume increased. What’s behind the digital currency’s breathtaking run? Certainly, it isn’t the lifting of regulations which halted trade of digital currency in China, as some expected (back in September, China banned Initial Coin Offerings (ICOs) and…

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Cryptocurrencies May Contribute to Financial Stability

November J, 2017
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Cryptocurrencies May Contribute to Financial Stability Bitcoin is trending in Turkey, and the country’s central bank officials are starting to notice. This week President Murat Cetinkaya of the Central Bank of Turkey (CBRT) said the financial institution is monitoring bitcoin closely, and spoke optimistically about digital currencies. Central Bank of Turkey President Says Cryptocurrencies Could Contribute to Financial Stability Turkish Central Bank President: "Cryptocurrencies May Contribute to Financial Stability"According to local news outlets in Istanbul, the president of the Turkish…

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Bitcoin Just Surged Past $7,000. Here’s Why

November J, 2017
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Bitcoin Just Surged Past $7,000. Here's Why Talk about a roller coaster. As of late Thursday, the price of Bitcoin was about $7,000, having reached the threshold for the first time just hours earlier. The upswing continued a rally that started Wednesday, when the Chicago Merchantile Exchange announced plans to offer Bitcoin futures — a move that could add even more institutional investors to Bitcoin markets and theoretically push up prices. While Bitcoin investors cheered the rally, dubbing the CME’s…

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Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission

November J, 2017
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Bitcoin soared above $6,900 despite strong regulatory warning from Securities and Exchange Commission The price of bitcoin, the red-hot digital coin up more than 550% this year, soared past $6,900 to $6,916 Wednesday evening, according to data by Markets Insider. The rally comes ahead of a warning by the Securities and Exchange Commission on initial coin offerings, a cryptocurrency-based fundraising method. Bitcoin blew past $6,900 Wednesday even after the Securities and Exchange Commission warned investors about celebrity endorsements for certain…

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Bitcoin Price Boom Sees Students Flocking to Take Cryptocurrency Courses

November J, 2017
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Bitcoin Price Boom Sees Students Flocking to Take Cryptocurrency Courses The rise of bitcoin is seeing an increasing number of students signing up for cryptocurrency classes at top computer science schools such as Stanford. According to Dan Boneh, co-director of the Stanford Computer Security Lab and professor of cryptography, he is attracting a large number of people to his cryptocurrency courses. As a cryptography researcher for almost 30 years, Boneh began teaching a bitcoin and cryptocurrency class in 2015, attracting…

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Vietnam Becomes the Latest to Ban Bitcoin, but in China, the Rules May Be Changing

October J, 2017
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Vietnam Becomes the Latest to Ban Bitcoin, but in China, the Rules May Be Changing Vietnam became the latest nation state to launch an attack on cryptocurrency, as regulators sided with the alarmists without providing much of a rationale. Vietnam Issues Ban The ban, which applies to all cryptocurrencies not deemed legal tender, was issued via formal statement by the State Bank of Vietnam. The punishment for accepting or offering payments in bitcoin can run more than $8,000 USD. Vietnam’s…

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Bitcoin Price Going From $4,000 to $400,000 is Easy – Hedge Fund Manager Mark Yusko

October J, 2017
Market Hive
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Bitcoin Price Going From $4,000 to $400,000 is Easy – Hedge Fund Manager Mark Yusko Mark Yusko, the founder & CEO of Morgan Creek Capital Management, the $3.7 billion North Carolina-based investment firm, has stated that the bitcoin price is expected to reach $400,000 in the long-term. Over the past 12 months, the price of bitcoin has increased from less than $900 to over $5,900. In a relatively short-term, the bitcoin price has demonstrated an exponential rate of growth, almost…

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