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In the world of cryptocurrency, there is a fair amount of competition as of right now. Until very recently, it seemed central banks would get in on the action as well, yet they have decided not to pursue this option any longer. A new report by the St. Louis Fed states that cryptocurrency developers are “welcome to create … Read more
The bearish momentum across all cryptocurrency markets is intensifying as we speak. This takes a lot of people by surprise, even though it seems there are a lot of flesh wounds first and foremost. While some currencies are down in the dirt, the Bitcoin price has remained above $9,000 in surprising fashion. Maintaining this price … Read more
Today may prove to be somewhat of a difficult day for most cryptocurrencies. After nearly 10 days of solid upward momentum, the bearish pressure is forming quickly. A few currencies are still in the green whereas others are bleeding value. The Bitcoin Cash price, for example, has quickly lost 13.5% in value, which is still … Read more
Amsterdam police have announced the re-arrest of Sindri Thor Stefansson. He was initially arrested days ago in Iceland in connection with a bitcoin hardware mining caper that included 600 computers worth $2 million. In a James Bond-like villain move, after his first capture he managed to escape, reportedly hitching a ride on a plane carrying … Read more
Things are quickly going from bad to worse for Facebook. The world’s leading social media platform is under fire from many angles. Despite their outspoken attitude toward cryptocurrencies, it has become evident they approved fake ICO advertisements using the name and image of Martin Lewis. More Legal Trouble for Facebook Over the past few months, things … Read more
It happened, folks! Bitcoin has broken $9,000! At press time, the currency is trading for just under $9,400 – a near $500 rise from yesterday’s high. Billionaire tech investor Tim Draper is referring to bitcoin as bigger than both the Internet and the Industrial Revolution, and with so many analysts predicting another massive breakout in … Read more
With Coinbase shutting down the account of the WikiLeaks Shop, it has become apparent that other companies are rethinking their relationships with the service as well. CheapAir has made it clear that it is more than willing to switch Bitcoin payment processors in the future, depending on how the current situation evolves. CheapAir Isn’t too Happy with Coinbase It … Read more
In the financial world, there is a lot taking place which should not be happening. Although that sounds rather controversial, a recent statement by a financial adviser for the Canadian Imperial Bank of Commerce certainly indicates that some things have taken place which are not necessarily right. For some reason, a federal investigation failed to turn up … Read more
Getting more merchants to accept Bitcoin payments will always remain a big challenge. This is especially true when dealing with physical retailers and point of sale transactions. BitPay has begun to make a big impact in this regard, as its Bitcoin Checkout application now supports Bitcoin Cash as well. Bitcoin Checkout Continues to Evolve For those unfamiliar with Bitcoin Checkout, … Read more
Even though initial coin offerings remain a very popular industry, there are some concerns over how things are evolving as of right now. Especially given the growing number of scams and fraudulent ICOs out there, it is evident that something will need to change sooner rather than later. LinkedIn co-founder Eric Ly claims he has … Read more
