VISA and Mastercard make it harder to buy cryptocurrencies

Sometime in the last week Bitcoin investors started noticing additional fees on their bank statements. It turns out that VISA issuers and Mastercard decided (how convenient!) to reclassify the way Bitcoin and other cryptocurrency purchases are processed on their networks. Incidents like this pose several challenges for the cryptocurrency industry short-term, but also show just how scared the incumbents really are. Currently, if you want to buy bitcoin, ethereum or any other alt-coin instantly, the only option is to use…

Read more

A History Of Bitcoin Price Collapses Over the Years

The price of Bitcoin has fallen a stomach-wrenching 64.5% since December 17, 2017. The combined market capitalization of the industry now stands at just $338 billion. That’s a big drop for any market. However, a price crash in Bitcoin or any other cryptocurrency is nothing new. Bitcoin dies and comes back to life on a regular basis. One website estimates Bitcoin’s death toll stands at 249 and counting, dating back to 2010. 2017 has been the most deadly with 109…

Read more

Senate cryptocurrency hearing strikes a cautiously optimistic tone

In a hearing today before the Senate Banking Committee, Securities and Exchange Commission Chairman Jay Clayton and Commodity Futures Trading Commission Chairman Christopher Giancarlo opened up about what the near-term U.S. regulatory fate of cryptocurrency might look like. In a week of plunging prices and bad news, the hearing struck a tone that coin watchers could reasonably interpret as surprisingly optimistic. Over the course of the open hearing, Clayton and Giancarlo traded testimony over what canbe regulated, what should be regulated and how, while offering a broader outlook on the…

Read more

Commodity Merchant Louis Dreyfus Trials Blockchain for Soybean Trade

Louis Dreyfus, a major commodities trading company, has announced that it has piloted a blockchain-based transaction system developed by a group of financial institutions including ING. In addition to Louis Dreyfus, one of the world’s largest commodities traders, the test involved Shandong Bohi Industry Co., Ltd (Bohi) and financial institutions ING, Societe Generale and ABN Amro. The Easy Trade Connect (ETC) platform, as previously reported by CoinDesk, grew out of efforts at ING and has been subject to testing by…

Read more

Waltonchain: Business Ecosystems and the IoT

Named after Charles Walton, the man who came up with the idea of patenting the RFID in the not so far 1983, Waltonchain is one of those coins that you should keep your eye on. In case you have just heard of this coin it might be a little late to plan on getting big money for a couple of dimes as Waltonchain has already reached a price of a bit over 30$ per one unit, which is a great success…

Read more

More Forking Forks in 2018?! (BTCP, BTC, and ZCL Analysis)

Forked coins dominated the atmosphere in 2017, with the Ethereum we are all familiar with being a Fork of ETH Classic. Bitcoin had many forks in 2017; Bitcoin Cash, Bitcoin Gold, and Bitcoin God to name a few. The question persists is there any value to these forked coins? Yes. The most valuable fork of them all, in the author’s opinion, is coming within thirty days; Bitcoin Private. What is a Fork? To keep it simple there are two types…

Read more

Top Two Crypto Buys: Monero (XMR) and Ethereum (ETH)

The cryptocurrency space has taken something of a hit over the last twenty-four hours, with many of the major assets currently in the red as compares to pricing this time yesterday. In fact, take a look at the top thirty coins by market cap and only one – Tether (USDT) – currently sits in the green, with even that gaining less than 1% and, in all honesty, Tether isn’t really a coin that can be looked at from a movement/implications…

Read more

Bitcoin Now Accepted at Leading Japanese Electronics Chain

On January 26, 2018, Yamada Denki, one of the biggest consumer electronics chains in Japan, announced that it is going to start accepting bitcoin payments at two of its largest stores in Tokyo. A press release explains this new option is currently a trial but is expected to expand nationwide in the future. Yamada Denki is offering this “bitcoin settlement service” in cooperation with bitFlyer, which is Japan’s largest bitcoin exchange, based on trading volume. Yamada Denki Supports Bitcoin Implementation…

Read more

Class Action Suit Filed Against BitConnect by Investors Following Closure

Following the sudden closing down of BitConnect, an exchange and lending platform for cryptocurrencies, a group of investors began legal proceedings recently to get back their funds according to a document that was made public. This is a class action case, and it was filed on January 24, 2018, with the Southern District Court of Florida. It is alleged that the BitConnect platform had been issuing digital tokens that were seen to be unregistered securities and they had also received…

Read more

Cardano: A New Disruptor in the Cryptocurrency Market?

Cryptocurrencies have been all the hype in the world of finance during the last 12 months. Whilst Bitcoin may instantly spring to mind when one thinks about digital currencies, over 1,000 currently exist in the cryptosphere. One cryptocurrency that has considerably surged in price since the tail end of last year has been Cardano, dubbed the ‘third generation’ cryptocurrency. Its meteoric increase in price has indeed been impressive – since late November last year, the price surged from $0.03 to a high…

Read more