Bitcoin price has nearly doubled in price after the historic collapse that occurred in mid-March took the asset back to under $4,000 at the low.The first-ever cryptocurrency has reclaimed a critically important level that in the past has acted as a launchpad for a record-breaking, over 40% rally in under 48 hours. Is Bitcoin price…
One of the rallying cries Bitcoin’s most fervent advocates use to promote the cryptocurrency is “become your own bank.” Indeed, this nascent technology allows you to complete the basic functions of modern banks: receive transactions, store capital, and send transactions (and also verify/process transactions if you want to become a miner).While many libertarians see this…
Despite the large number of crypto-centric companies founded and based in the U.S. — like Coinbase, Kraken, and so on and so forth — American regulation hasn’t been all too kind to the budding industry around Bitcoin over the past few years.Blockchain firms are fined millions by the Securities and Exchange Commission (SEC) and digital…
Over the past few weeks, a virus in the coronavirus family (same family as the common cold, SARS, MERS, etc.) has started to circulate the globe. This novel coronavirus (2019-nCoV) originated in China, specifically in the Chinese city of Wuhan and seemingly due to infected animals being sold at a local market.The virus has thus…
The crypto industry, Bitcoin, blockchain, and any of its varieties is driven primarily by hype and speculation as the emerging technologies underlying each asset are often too new or unproven to yet provide a realistic valuation. Due to this, the constant ebb and flow of FUD and FOMO often dictate market movements and turn major…
Authorities in Hunan Province are investigating the Chinese fitness app Qubu concerning illegal fundraising and financial crypto fraud. The premise of the app was simple; users walked at least 4,000 steps daily for 45 days in exchange for 15 “candies” – Qubu’s own digital currency.But concerns over marketing as an investment instrument have led to…
The Shanghai branch of the People’s Bank of China has just commented on crypto yet again. According to the announcement, published on Friday, the branch of the Chinese central bank has observed a resurgence in cryptocurrency-related speculation through ICOs, IEOs, STOs, and other capital-raising/token distribution methods. Related Reading: Bitcoin Readying to Drop 85% to $1,000,…
Recently, it was reported that Bitcoin mining now consumes as much as a quarter percent of the entire world’s electricity supply, putting it on par or higher than many small nations. However, the actual emissions and impact on climate change, according to a new study, aren’t as negative as once believed. Bitcoin Mining Emissions Aren’t…
Blockchain technology has been given a somewhat unusual demonstration in New York City this week. Organisers of a traditional Chinese calligraphy exhibition have used the data sharing innovation to prove the authenticity of works on display. The exhibit also uses virtual reality technology. Viewers can experience the process by which artists create their pieces, learning…
Changpeng “CZ” Zhao, blockchain expert and CEO of leading cryptocurrency exchange Binance, is more than optimistic about the future of blockchain and digital currency, saying the industry will only get bigger over the next few years. In an interview with Bloomberg published this week, he takes on the future of blockchain-based technologies, discusses the recent…