China’s would-be digital currency investors have found clever ways to circumvent China’s trading ban. #ANALYSIS
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How Chinese Bitcoin Buyers Are Getting Around Government Ban
Author: DIGIT
Coincheck Faces Pressing Questions in the Wake of the World’s Biggest Hack
It was, by any reckoning, a huge haul. Between $400 million and $534 million dollars of NEM stolen, depending on whether you go on its value at the time or once the market had reacted to the news. At a press conference on Friday afternoon, the stunned Coincheck team painted forlorn figures as they came […]
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Coinsquare to Launch IPO on TSX — Hopes to Compete With Coinbase
This week the well known Canadian digital asset exchange, Coinsquare announced its plans to launch an initial public offering (IPO) hoping to raise $150 million CAD ($120Mn USD). Coinsquare hopes the funding will help the platform be a direct competitor with cryptocurrency brokerage services like Coinbase and other U.S. based exchanges. Also read: Russia Finalizes Federal Law […]
The post Coinsquare to Launch IPO on TSX — Hopes to Compete With Coinbase appeared first on Bitcoin News.
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The Deceptive Nature of Market Capitalization
Market capitalization, for new and old investors alike, represents a deceptively complex figure. While many suggest that market cap is the proper way to determine the overall value of a coin, the value displayed by a coin’s market cap is a number that can and is easily manipulated by savvy and often unethical development teams. When inexperienced investors mistakenly base valuations off of a coin’s price per unit, most investors will advise them to instead check its market cap, which is the price per unit multiplied by its circulating supply. While this represents a vastly more accurate approach, it is important to recognizePowered by WPeMatico
The Aftermath of the Weiss Cryptocurrency Ratings
On January 24, investment ratings company Weiss Ratings released its ratings of 74 cryptocurrencies. While the list is only available for purchase, it was possible to access it for free under a specific subdomain on the company’s site, which allowed many individuals to download, share, and read the list. While some individuals were elated to see strong ratings for their personal favorites, many more were infuriated and perplexed by the seemingly unresearched or even random grades given. Ethereum and EOS topped the ratings, each receiving a solid B, while Bitcoin was assigned an unimpressive C+. Founded in 1971, Weiss Ratings hasPowered by WPeMatico
Fintech Company Mogo Plans to Launch Bitcoin Mine in British Columbia
This week the publicly traded firm Mogo Finance Technology Inc. (TSX: MOGO) announced the creation of a new subsidiary called Mogo Blockchain. The fintech company’s new endeavor is a partnership with the firm DMG Blockchain Solutions in order to launch a bitcoin mining facility in British Columbia. Also read: How to Protect Your Bitcoin and […]
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HYCM Trading Platform Adds XRP and Bitcoin Cash CFDs
Cryptocurrency will continue to make a big impact in the world of traditional finance. More and more companies are offering cryptocurrency-related CFDs as we speak. HYCM, a global leader in online capital markets trading, has added both XRP and Bitcoin Cash to its range of cryptocurrency offerings. It’s a major step forward for the cryptocurrency industry as a whole, although it remains to be seen whether or not this will have any long-term impact. HYCM Adds More Cryptocurrency CFDs It’s always good to see companies double down on their cryptocurrency-related CFD offerings. Whereas most providers grant access to Bitcoin through vehiclesPowered by WPeMatico
Chairmen of SEC and CFTC Co-Author Article on Crypto Regulations
Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC), and J. Christopher Giancarlo, the chairman of the United States Commodity Futures Trading Commission (CFTC), have co-authored an opinion piece recently published by The Wall Street Journal. The article outlines a number of perceived problems facing the cryptocurrency sphere from the perspective […]
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VC Jason Calacanis: Bitcoin Is a Huge Fraud and Could Drop to Zero
Venture capitalists are not too certain that the Bitcoin price will be able to maintain its momentum. That is only to be expected after the major correction we recently went through. Jason Calacanis is concerned about the future and predicts there’s a one-in-three chance that Bitcoin’s price will go to zero. Although it seems highly unlikely things will get out of hand so quickly, there is always a chance something like this might happen. Can the Bitcoin Price Stay in the Green? Even though 2017 was a spectacular year for cryptocurrencies in general, it is safe to say that things will not necessarilyPowered by WPeMatico
Three Criminals Are Unsuccessful in Robbing a Canadian Bitcoin Firm
Criminals have taken a major liking to Bitcoin and cryptocurrencies. In most cases, their attempts to illegally obtain such currencies are linked to online activity. Ransomware, hacking, and data breaches are just a few examples of Bitcoin-related criminal activity. In Ottawa, however, things recently went a bit differently. Three individuals there attempted to rob a Bitcoin financial institution earlier this week. It is a very disturbing development, even though the perpetrators left empty-handed in the end. Bitcoin Robbery at Gunpoint In a way, no one should be surprised to learn that criminals are becoming more brazen when it comes to stealing Bitcoin andPowered by WPeMatico