Category: Cryptocurrency Review

A global currency is coming, whether you like it or not

A global currency is coming, whether you like it or not

Continuing yesterday’s discussions about a big bank’s conference, I was intrigued at how often the subject of cryptocurrencies and bitcoin came up. But there again, it’s a topical thing at the moment with the price of bitcoins surging past the $4,000 mark and Goldman Sachs going against JP Morgan, and saying that they might even trade in it.The conversation at this particular large bank’s meeting went along the lines of bitcoin being a broken model, it’s a bubble and you should definitely not invest in it. The reason for not investing is based upon two major factors.

Why bankers only see horses and technologists are creating cars

Why bankers only see horses and technologists are creating cars

I was at a large bank’s wealth management conference recently, where the CEO was being quizzed about various areas including a lot about technology and FinTech. He made several statements that I noted with interest:“Roboadvisory services improves our speed-to-market and human productivity, but does not replace humans. In particular, I can see that artificial intelligence (AI) and machine learning makes it far easier for us to comply with and implement regulations and deal with regulatory change in the back office.”

Bitcoin Price Analysis – Volatility reigns

Bitcoin Price Analysis – Volatility reigns

Bitcoin has been extremely volatile over the past week, now recovering after violent 4% and 8% pullbacks. The market cap for the top cryptocurrency now stands at US$94 billion and flirting with another all-time-high.

Abkhazia announces ICO to fund first state-run cryptocurrency

Abkhazia announces ICO to fund first state-run cryptocurrency

The Autonomous Republic of Abkhazia has announced a plan to raise a billion dollars worth of cryptocurrency via an ICO. The breakaway state has long vied for international legitimacy and has struggled to attract investment to fund its internal development projects — a situation it hopes to turn around by creating a state-sponsored cryptocurrency.   

The ICO rollercoaster – the securities question as seen from Europe

The ICO rollercoaster – the securities question as seen from Europe

Much has been written about ICO legality from a US securities law standpoint — but that often neglects the fact that ICOs are truly global and every country has its own set of rules. Across the EU, securities laws are increasingly standardised these days as a result of EU Directives implemented into each member state’s local legal system.

Ethereum Price Analysis – The network marches on

Ethereum Price Analysis – The network marches on

Ethereum (ETH) now has a US$31 billion market capitalization, second only to Bitcoin’s US$93 billion. Over the past 24 hours, ETH was the second largest digital cryptocurrency or asset by trade volume, below Bitcoin. Despite a spike in price in the days preceding the Byzantium Fork, which is now live and running smoothly, price remains largely range bound. The Metropolis update will also include a second hard fork, Constantinople, expected in 2018.

How to hold cryptocurrency in a retirement account – without fees

How to hold cryptocurrency in a retirement account – without fees

More and more, both young and old are seeking to diversify retirement funds into nontraditional assets. It’s natural then, that many savvy investors are looking to cryptocurrency. With a potential for tremendous appreciation, it can make sense to invest in cryptocurrency through an IRA so that those gains will escape taxation.

CSI crypto: Can victims recover stolen coin?

CSI crypto: Can victims recover stolen coin?

An uptick in digital heists of virtual currencies has left many crypto investors wondering if they have any options for tracing illicit Bitcoin transactions and recovering their stolen funds. The short answer is that ‘it’s possible, but difficult.’ The long answer is that ongoing developments in the regulatory landscape surrounding cryptocurrency may offer victims more recourse going forward.

Bitcoin cracks 5K — hits all-time high

Bitcoin cracks 5K — hits all-time high

After threatening to crack the $5000 ceiling in early September, Brave New Coin’s BLX index shows the price of Bitcoin (BTC) has exceeded US$5000 for the first time in the currency’s history. The record-breaking shift occurred after heavy trading on October 12th beginning around 4 am eastern time in the US. Trading volumes have remained high throughout the day.

Bitcoin Core developers issue Segwit2x hard fork warning

Bitcoin Core developers issue Segwit2x hard fork warning

On Wednesday morning, the Bitcoin Core development team released a rare statement concerning the safety of Bitcoin users’ coins during the potential hard fork for Segwit2x, which is scheduled to occur in November. The developers state that the hard fork is not supported by the majority of the Bitcoin users and developers, which makes it contentious, and therefore puts many user’s bitcoins at risk if they store them with the wrong services.

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