The animosity which was brewing between a country and an emerging financial technology is appearing to come to an end. China is taking its first few steps towards recognizing Bitcoin, a non-sovereign asset, as a groundbreaking innovation. Asia’s richest economy slapped a banking ban on the emerging Bitcoin industry in late 2017, leading to the…
Since its inception in 2009, Bitcoin has emerged as one of the most popular cryptocurrencies owing to its peer-to-peer payment features. People started exploring it to settle payments cheaply and faster without needing a bank. Meanwhile, a large section of bitcoin users also unearthed immense investment opportunities in it, leading to the birth of the…
Improving technical bias for bitcoin could have it touch the $11,000 level pretty soon, believes Mohit Sorout of Bitazu Capital – a Bengaluru-based Alpha hedge fund. The partner predicted the upside action after studying bitcoin based on Fibonacci retracement levels. As he noted, the cryptocurrency lately bounced wildly from 61.8 percent Fibonacci level. Earlier before,…
When bitcoin made the world reassess the definition of currency, it presented all a sneak-peek into the future that would run on decentralized applications – or dapps. Educational utopians see dapps as tools to make everything you see on the internet distributed. Say, if a bank is an application governed by a central authority, bitcoin…
The bitcoin price crashed on Wednesday after spending almost a month in a flat trajectory. The bitcoin-to-dollar exchange rate was trading at $7,480 as of 1735 GMT, down 8.86 percent on a 24-hour adjusted timeframe. Earlier today, the pair had established a fresh intraday low of $7,296.44, according to data collected by CoinStats’ cryptocurrency portfolio…
Ever since hitting the $14,000 level earlier this year, bitcoin has attracted massive selling. Traders in the third and currency quarter are busy taking profits by leaving their Long positions or going Short altogether. The result is a cryptocurrency which is now down by more than 40 percent from its year-to-date top. Bitcoin’s failure to…
The United Nation Children’s Fund (UNICEF) became the latest high-profile organization to sink its feet deep into the bitcoin ecosystem. The global nonprofit this week announced that it would setup a new cryptocurrency wing. The so-called fund would allow them to accept donations in multiple cryptocurrencies, including bitcoin and ether. The announcement saw UNICEF openly…
The Security and Exchange Commission (SEC) has turned down yet another bitcoin exchange-traded fund (ETF) application. The securities regulator said in a response filed Thursday that applicants Bitwise Asset Management and NYSE Arca cannot offer Bitcoin ETF services to investors in the US. It noted that the duo could not resolve issues that were raised…
Players in the financial and technology sector have different opinions about bitcoin. For skeptics, the cryptocurrency is reminiscent of Holland’s notorious Tulip bubble of 1637. They generated a wild, speculative mania and disappeared, leaving behind pretty flowers and wrecked investors. Meanwhile, for supporters, bitcoin is the internet: a symbol of decentralization that reached its full…
DuckDuckGo, a privacy-focused online search platform, recently conducted a study to find out the opinion of the general public about the importance of data privacy. Results showed that nearly 80 percent of the 1,114 US respondents took measures to regulate privacy on social media over the past year. One-quarter of them went as far as…
