India Orders Banks to Drop Cryptos, Studies Issuing its Own Digital Coin

The Reserve Bank of India (RBI), the nation’s central bank, has directed all regulated entities including banks not to provide services to businesses dealing in cryptocurrencies such as bitcoin. RBI is doing so to protect consumer interest and to slow money laundering, the bank’s press release stressed. RBI also announced formation of an official study … Read more

Bearish Sentiment Pervades Among Bitcoin Analysts

Three months since the peak of bitcoin’s meteoric multi-year bull trend, many analysts are predicting a bearish outlook for the BTC markets. Prominent Chinese trader, Zhao Dong, has described bitcoin as exhibiting four-year market cycles that resemble the seasons in a year, forecasting that the “winter” of cryptocurrency will set-in during 2019. Harvard professor, Kenneth … Read more

SBI Bits Jerry Chan Discusses the Lightning Network and Colored Coins

At the Satoshi’s Vision Conference in Japan Bitcoin.com’s Jake Smith interviewed Jerry Chan the lead executive for SBI Group’s fintech arm ‘SBI Bits.’ Chan explains what SBI Bits is involved in and how it had embraced blockchain technology and cryptocurrency solutions. The firm has recently launched a mining pool that’s processing bitcoin cash blocks alongside … Read more

New Bitcoin-Only Shop Open in New Hampshire

Derrick J. Freeman and Steven Zeiler founded what they claim is the first crypto-only brick and mortar retail establishment in the US, the Free State Bitcoin Shoppe. Visitors pay for merchandise with cryptocurrencies like bitcoin. If they don’t have cryptocurrency, the store clerk helps them download and fund their first wallet. They checkout using an … Read more

Bitcoin Price Watch: Currency Backtracks by $100

Bitcoin has taken a small tumble since yesterday’s figure of $6,800. At press time, the price has fallen by about $100 and bitcoin sits at just over $6,700. The fall may have occurred for several reasons, one being the recent hack of privacy-oriented cryptocurrency Verge. The attack was noticed by a bitcointalk.org user, who claimed … Read more

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