Brazil is not necessarily the hottest region when it comes to cryptocurrency ecosystems. Even so, there appears to be a growing Bitcoin movement in the country. It has become apparent that Brazilian banks do not take kindly to Bitcoin and other currencies, yet they are facing some pushback from the […]
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SEC Grows Concerned Over Lack of Self-Reporting in the ICO Industry
The initial coin offering industry has attracted plenty of attention from regulators all over the world. Especially in the United States, there appears to be a major crackdown on schemes which violate securities laws. Even so, the SEC remains surprised as to how few exchanges self-report when it comes to […]
Quebec Temporarily Suspends Electricity Approval Procedure for Bitcoin Mining Firms
Cryptocurrency mining has become very popular in Canada. The country’s abundance of renewable energy and robust power grid infrastructure have made specific provinces very appealing. Unfortunately, it seems things will change in the province of Quebec fairly soon. Energy approvals for mining operations have been halted until further notice. Quebec […]
Bitcoin Price: Dip Below $7,250 Seems Imminent but Won’t Last Long
Today is not a good day for the cryptocurrency markets. Even though volatility has been an integral part of this industry for some time now, this year’s cycle seems to be unrelenting. With the Bitcoin price dropping by 5.17% again, it remains to be seen if the world’s leading cryptocurrency […]
IOTA Price: Massive Decline Can Trigger Major Panic Selling
It is one of those days again where no cryptocurrency market momentum seems to make sense. All markets are in the dirt once again for no apparent reason, with the IOTA price losing a lot of value in the past 24 hours. With a 145% setback in the past 24 […]
Markets Slide as Price of Bitcoin Dumps to $7,300
Up until just hours ago, Bitcoin and altcoins have had a relatively quiet week. An extended sideways trend has kept volatility at impressive lows. However, recent price action on Bitcoin may have awakened the charts back to massive fluctuations that typically define cryptocurrency markets. Earlier today, global cryptocurrency markets were […]
Coinbase Inches Closer to Listing Securities With Three Acquisitions
With the debate on which digital assets should be considered securities and which shouldn’t dominating the crypto universe in recent months, crypto exchanges are taking measures to align themselves with whichever way the law swings. Coinbase is leading in this race with a number of initiatives in recent months that […]
Indian Banks Form Blockchain Consortium for Inter-Bank Transactions
Some 14 Indian banks have joined a blockchain consortium that aims to tap into the blockchain to speed up internal processes. Dubbed India Trade Connect, the consortium is six months old and will facilitate the swift issue of loans over a decentralized protocol. According to Bloomberg, the member banks account […]
Calm Before the Storm? Little Fluctuation Among Bitcoin, Altcoins in Past Week
In terms of activity, this past week has been no different than any other in the realm of cryptocurrency. With recent SEC and CFTC statements on cryptocurrency, Ripple’s multi-million dollar research fund, and EOS mainnet launch all taking place this week, the beginning of June has certainly been eventful. However, […]
German Software Giant SAP Launches a Cloud Blockchain Platform
German software company SAP SE has announced the launch of a blockchain platform that will facilitate the development of blockchain enterprise solutions. The blockchain-as-a-service platform will enable developers to build enterprise-level blockchain applications and will support Hyperledger Fabric and MultiChain, the company said in a statement on June 6. SAP […]
Bitcoin Price Watch: Currency Stands Firm at $7,600
At press time, the father of cryptocurrencies is standing its ground at $7,600. The coin has undergone no change over the last 24 hours, suggesting that present support levels are holding up, but that resistance at $7,600 is proving difficult to overpower. One source states that bitcoin is “gathering steam” […]
Bitcoin Is Not a Security: SEC Chair Sets the Record Straight
Cryptocurrencies that are developed with the aim of replacing sovereign currencies such as the US dollar or the Japanese yen like Bitcoin are not securities. This is according to Jay Clayton, the chairman of the US Securities and Exchange Commission. In an interview with CNBC, Clayton also stated that most […]
Google Searches For Bitcoin Have Decreased By 75% In 2018
Google searches for Bitcoin have dropped greatly this year, a reflection of the current turmoil in the market. According to a report by CNBC, searches have dropped by 75% this year from their record highs at the peak of the upward price trend in December of last year. Quoting data […]
Industry Experts Expect the Bitcoin Price to Double by Late 2018
There is a lot of speculation taking place where the Bitcoin price is concerned. The expectations for the world’s leading cryptocurrency have never been higher, especially after the crazy run at the end of 2017. Even so, the current momentum doesn’t warrant any major uptrends. Several experts remain confident that […]
Ethereum Price: Uneasy Equilibrium Above $600 may Topple Soon
Determining the fate of the cryptocurrency markets will always be an impossible task. Nothing ever seems to head in the direction people anticipated at first. Right now, the uneasy sideways trading momentum continues. For the Ethereum price, remaining above $600 will be critical. Ethereum Price Momentum is Relatively Boring It […]
TRON Enters the FX Market Through Shift Markets Partnership
Interesting developments surrounding TRON continue to happen at an accelerated pace. Over the past few months, the project has gotten a lot of attention for multiple reasons. It now appears TRON is making its way to the forex market. A new partnership with Shift Markets will undoubtedly introduce some interesting […]
Russia Already Has a Native Cryptocurrency Called Kolion
Russia has always had a rather interesting relationship with cryptocurrency. The government seems to be divided into two camps when it comes to this new form of money. While officials there are making up their minds, it seems various Russian farmers actively engage in “mining” cryptocurrency at this stage. It’s […]
South Korea’s National Tax Service Clears Bithumb of Tax Evasion Charges
There have been some concerns regarding the Bithumb exchange over the past few weeks. An official investigation was launched by South Korean officials regarding the firm potentially engaging in tax evasion. It now appears the company has been cleared of all charges, which means business will carry on as usual […]