US Dollar Will End 2017 as Worst Year Since 2003, While Bitcoin is Up 1,372%
US dollar will end 2017 as worst year since 2003, while Bitcoin is up 1,372% year-to-date with strong performance. #ANALYSIS Go to Source Powered by WPeMatico
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Banks of Future Will Face Digitally-Empowered Customers: Expert Blog
Physical bank branches are already losing their usefulness and appeal; entire financial sector will move to digital banking to compete for customers. #EXPERT BLOG Go to Source Powered by WPeMatico
Peak Blockchain Hype? Firm With No Revenues and No Product Is Worth $1.2 Billion
Following this year’s massive bitcoin rally, a bubble has developed in the stock market that most cryptocurrency traders may not be familiar with. Companies are declaring themselves to be blockchain-based in order to ride the hype train to higher stock prices. The latest example of this is a Hong Kong startup with no revenues which … Read more
Upcoming Blockchain Connect Conference Emphasises Cooperation Between East And West
Organized by American and Chinese companies, including SV Insight, Draper Dragon and Consensys, the Blockchain Connect Conference will take place in January 2018, in San Francisco, CA. The international lineup of both the organizers and the speakers serves to underscore the idea behind the event – bridging the gap between Chinese and US Blockchain communities … Read more
Classic Mainstream Media Clickbait Scare Resurfaces: ”Chinese Government Can Take Over Bitcoin”
The latest story (again) on mainstream media meant to scare away uninformed people from using bitcoin is about the possibility of China taking over the cryptocurrency. This particular FUD (fear, uncertainty and doubt) meme was also publicized widely in 2015 and 2016. Also Read: The Psychology of the Cryptocurrency FOMO-FUD Cycle Has Been Weaponized Scare … Read more
Chinese Programmer Arrested Over ¥20 Million Bitcoin Theft
The news channel of China Central Television, CCTV13, reported this weekend that the Zhongyuan Oil Field Public Security Bureau of Henan Province (Henan Police) has been investigating a report filed by a bitcoin investor alleging that funds were stolen from his bitcoin wallet. Also Read: Securities Lawyers Say Barry Silbert Tweets Are Red Flags for Regulators 188 … Read more
China’s Bruno Wu Takes Controlling Interest in Licensed US Crypto Exchange
Chinese cloud-based solutions service, Seven Stars Cloud Group, Inc. (SSC), announced this week its 27 percent purchase stake of US crypto blockchain exchange Delaware Board of Trade Holdings Inc. (DBOT). SSC is owned and run by entertainment mogul Bruno Wu, who many analysts believe is trying to get in on the near-half a trillion cryptocurrency … Read more
It Came from the East: How Asia Bolstered Cryptocurrencies in 2017
Bitcoin and the digital asset economy has seen a meteoric rise in value over the course of 2017. Various countries have caught the cryptocurrency fever, but the lion’s share of digital asset demand has stemmed from regions located in Asia. It’s clear from various data recorded all year long that countries like Japan, South Korea, … Read more
Chinese VPN Vendor Sentenced to Five and a Half Years in Prison
Most people are well aware of how China isn’t exactly known for freedom of speech. Especially in the online world, accessing the information you need there is a big challenge. Until recently, it was possible to bypass most limitations through a VPN connection. However, the government has begun arresting and sentencing VPN service providers. One Chinese … Read more
Crypto to Take Center Stage at G20 – “Need to See How We Can Regulate Bitcoin”
French Finance Minister Bruno Le Maire announced on Sunday December 17th that the next Group of 20 (G20) meeting would include discussion about how to regulate the world’s most popular cryptocurrency, bitcoin. The digital asset hasn’t ceased in making news all year, and European politicians appear more concerned in direct proportion to its price increase, … Read more
