Experts are starting to see a growth in the number of investors and investment firms that have become comfortable with Bitcoin and Ethereum, despite their recent volatility. In an interview with CNBC, experts including major Chinese bitcoin exchange BTCC CEO Bobby Lee and Dave Chapman, managing director of Hong...
It was a very negative beginning of the week for cryptocurrency holders as the entire market experienced a significant decline in price. August 1 is near Market analysts have come up with different factors to be behind this significant decline in Bitcoin and altcoin price. Ironically, this comes immediately after...
Amidst the development of a nationwide financial turmoil, the demand towards Ethereum and Bitcoin are rapidly rising in Venezuela. In April, the Venezuelan government revealed that the 2016 inflation rate for the Venezuelan Bolivar recorded 274 percent. Yet, economists and experts revealed that the actual inflation rate of the...
The “world’s largest shadow bank” BlackRock Inc. has said Bitcoin is a “scary” sign of “excess” in global markets. Speaking in an outlook presentation Tuesday and quoted by Bloomberg, the company’s global chief investment strategist Richard Turnill appeared to think the current downturn in cryptocurrency prices was little of...
UK-based payment provider Revolut has raised $66 mln in Series B funding to fund expansion into cryptocurrency exchange. Revolut, founded two years ago by ex-Credit Suisse trader Nikolay Storonsky, aims to compete with bank-issued credit and debit cards by offering multiple currencies and fee-free international transfers. “As early as next...
Investors are still forging ahead with digital currencies such as Bitcoin and Ethereum despite the recent volatility. Many experts and professional investors still believe that there are unprecedented returns on offer. Unknown territory Investors in traditional markets are not used to seeing swings of 50 percent in a month for...
Due to popular demand, another major exchange is listing Ethereum Classic, giving Chinese traders more access to the market via ETC/fiat pairs. If trends are to be followed - more exchanges will follow suit. Classic listing Huobi shared somewhat of a surprise announcement to traders that Ethereum Classic will begin...
The Linux Foundation’s Hyperledger project has finally released its first production Blockchain code, Fabric 1.0. In announcements on Twitter and its blog Tuesday, Hyperledger, which already counts global giants such as IBM and SWIFT among its customers, called the release a “huge milestone for the community.” Hyperledger Fabric 1.0 is...
An Ethereum trader has boastfully shown the content of his Ethereum wallet which contained over $283 mln allegedly earned off $55 mln in just a month. This has sent jitters through regulators who worry about the effect of having these anonymous millionaires. In an Instagram post, the trader praised...
Cryptocurrency investors are reeling today as markets lose $10 bln of value in 24 hours in a new slide. Data from Coinmarketcap at press time Tuesday shows Bitcoin down almost 10 percent at under $2,300, while Ethereum (ETH) slid below $200 for the first time since May. Across the top...