Earlier this week, a member of an online Bitcoin community revealed that a 550-year-old market in Istanbul contains merchants accepting Bitcoin. The photograph which the individual posted featured a big Bitcoin logo in a crowded part of the market that is widely acknowledged as a popular tourist destination. Positive Sign […]
Tag: bitcoin
Blockchain Can Turn the Finance Industry Upside Down: Germany’s Finance Chief
Felix Hufeld, chief of the German Financial Supervisory Authority (BaFin), the government’s main financial agency, stated in a speech at a conference held in Berlin that blockchain technology has the potential to turn the traditional finance industry upside down. Optimistic Long-Term Vision Despite the recent correction of the cryptocurrency market […]
Bitcoin Price Watch: Currency Falls By $100
At press time, the father of cryptocurrencies is trading for about $6,500. This is roughly $100 less than where it stood yesterday, which in turn was $400 higher than where it had been trading the previous day. Bitcoin has been an up-and-down game for nearly the past week. Problems first […]
The Role of Bitcoin in Crime: Regulatory Efforts to Date
Bitcoin and other cryptocurrencies have been associated with criminal activity for some time now. This has not gone by unnoticed by regulators around the world, and they have begun cracking down on this activity. It is a necessary step in order to bring more legitimacy to this growing industry. Regulators […]
Indian Government’s Cryptocurrency Panel Doesn’t Aim to Ban Bitcoin
India is a very peculiar country when it comes to cryptocurrency and blockchain technology. With a lot of conflicting reports regarding the future regulation of this industry, anything and everything could still change in the near future. It now seems the government may prepare to overturn the “ban” on cryptocurrency […]
Japan Cracks Down on Malicious Cryptocurrency Mining Operations
There has been a global increase in the number of malicious cryptocurrency mining attempts. In Japan, the situation has become so dire that the government has decided to get involved. It has authorized police officials to charge people with mining cryptocurrency without consent. Ending Illicit Cryptocurrency Mining Over the past […]
Coinbase Remains a Kingmaker for Cryptos
Coinbase recently announced that it would be adding support for Ethereum Classic (ETC), a hard fork of Ethereum. The announcement caught the crypto community by surprise, as the exchange had repeatedly made it clear that it would not be adding any digital assets in the near future. However, the reaction […]
Is an Autonomous and Self-Regulating Crypto Industry Really Possible?
Regulation of the cryptocurrency industry is a divisive issue, with some being in full support while others view it as going against Satoshi Nakamoto’s vision of a self-regulating industry. Those who support regulation see it as the only way cryptos can go mainstream and attract institutional investment. There is no […]
Ireland Aims to Become Blockchain Hub with New Initiative
The Irish government is seeking to promote the research and development of blockchain technology in the country, the Irish Times reported on June 11. The initiative is being led by IDA Ireland, a state agency charged with attracting foreign direct investment to the country. Dubbed Blockchain Ireland, the initiative will […]
Bitcoin Price Watch: Currency Shoots Up to $6,600
At press time, the father of cryptocurrencies has shot up by over $400, and is now trading for $6,650. After many analysts stated that the $5,000 range was imminent, it appears bitcoin has impressed (and surprised) us once again by halting its descent earlier than expected. Whether it shoots back […]
Satoshi’s Place Is Grabbing Everyone’s Attention
The past few days have been riddled with pretty disheartening price movements, as global cryptocurrency markets have declined by 20% since last week. However, these movements are not indicative of the growing progress in the space. If your attention hasn’t been totally consumed by the markets, you likely have heard […]
The Role of Bitcoin in Crime: Ponzi Schemes
The connection between fraudulent behavior and cryptocurrencies has become a lot more apparent over the years. Especially when it comes to fraud and Ponzi schemes, the situation has gotten out of hand in recent years. Even in 2018, one of the bigger pyramid schemes was still active. Bitcoin’s Ponzi Problem […]
Bitcoin Price Fell 11% in 24 Hours: What Triggered the Drop and What Lies Ahead?
Many analysts and mainstream media outlets including Bloomberg and the Wall Street Journal attributed the recent drop in the Bitcoin price from $7,500 to $6,700 to the hacking attack suffered by Coinrail, a minor cryptocurrency exchange in South Korea. However, the reasoning behind attributing the latest correction to Coinrail is […]
Crypto Interest Among Women Has Doubled Since December
The number of women interested in investing in cryptocurrencies has more than doubled since the beginning of the year, a new study has revealed. The study was carried out by the London Block Exchange, a leading crypto exchange in the UK, and found that crypto interest among men had barely […]
Bitcoin Price Watch: Currency Falls By $500
In an extremely disappointing move today, the father of digital currencies has fallen by an additional $500 and is now trading for just over $6,200. This is very disheartening news, as recovery does not appear to be in sight, and the $5,000 range for bitcoin seems imminent – a fate […]
Wells Fargo Bans Bitcoin Purchases with Credit Cards
Various banks around the world prevent their customers from buying Bitcoin and other cryptocurrencies. This is especially true when it comes to credit card transactions. It now seems Wells Fargo is the latest institution to impose this unwelcome rule on its customers. Wells Fargo Makes Itself Even Less Popular These […]
The Role of Bitcoin in Crime: Ransomware
If there is one criminal trend related to Bitcoin that’s made a global impact, it has to be ransomware. This destructive type of malicious software has claimed thousands of victims across the world. It also highlights the potential of Bitcoin as a global payment method, albeit for nefarious purposes. The […]
Three Bronx Bikers Arrested for Involvement in Cryptocurrency-Related Kidnapping
Crime and cryptocurrency almost seem to hand-in-hand these days. Not a month goes by without some criminal activity involving Bitcoin or other cryptocurrencies. One Bronx biker gang has three men arrested for their involvement in a $2 million cryptocurrency kidnapping and robbery incident. The Bronx Biker Gang-Cryptocurrency Angle While one […]