Blockchain News

South Korea Considers Steps to Rein in the Bitcoin Frenzy
South Korea will move to rein in the frenzy around bitcoin by banning minors from opening accounts on exchanges, and possibly by taxing capital gains from the trading of cryptocurrencies. Reuters reported the proposals following an emergency government ...
Vanguard Taps Symbiont's Private Blockchain for Index Fund Data
Vanguard, the mutual fund giant, will begin using smart contract technology developed by blockchain startup Symbiont in some of its actual business processes starting early next year. For the last few months, the companies have been testing the ...
Bitcoin Is History's Biggest Bubble, Turkey's Simsek Says
Speculation on Bitcoin has turned the cryptocurrency into “the biggest bubble in finance history,” Turkey's Deputy Prime Minister Mehmet Simsek said in comments on Twitter on Wednesday. Simsek, Turkey's chief economic policymaker and a former ...
Bitcoin Has Gone Mainstream. That's a Very Big Deal
I'm not talking about the long-awaited mass adoption point in which a critical mass of users owns, earns and spends bitcoin. We're still a long way from that notion of "mainstream." Rather, it's a moment of global awareness and dialogue. Even without ...
Overstock chief explores sale to fund blockchain venture
Patrick Byrne, the controversial entrepreneur who runs Overstock.com, is exploring options to sell the online retailer, whose stock has soared amid this year's cryptocurrency mania, to fund an ambitious attempt to make a global property registry on ...
Blockchain Startup LO3 Partners With Power Exchange
Blockchain startup LO3 Energy has scored a partnership with the European Power Exchange, known as EPEX SPOT, to link local electric microgrids to broader wholesale markets. The two organizations said Tuesday that they signed a memorandum of ...
South Korea Considers Cryptocurrency Tax as Regulators Grapple With 'Speculative Mania'
FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo Reuters. By Christine Kim and Cynthia Kim. SEOUL (Reuters) - South Korea said on Wednesday it may tax capital ...
Scratch That: CryptoKitties Isn't Ethereum's Vision for Apps
Ethereum creator Vitalik Buterin cried himself to sleep the night "World of Warcraft" maker Blizzard Entertainment altered his "beloved warlock's Siphon Life spell." According to Buterin, the online role-playing game forever changed his outlook toward ...
Bitcoin Started With All Men. Now Crypto Is Opening Up to Women
The roughly $460 billion digital currency world, spawned eight years ago from the almost exclusively male domain of bitcoin, is starting to open to women. Four out of 30 of the largest initial coin offerings this year through October had female co ...
Victory Lap? 2017 Was Bitcoin's Backward Year
As in 2016, gains in the price of bitcoin belie deep deficits in the cryptocurrency world. Bitcoin's stock of social capital, the human institutions around this most important technology, remains woefully deficient, and the capacity of bitcoin to ...
Bitcoin bears are being unleashed onto the cryptocurrency's futures market
Interactive Brokers is set to allow its users to go short on bitcoin in the newly launched futures market. It'll give investors a vehicle by which they can bet against the future price of the coin, which is up more than 1,600% this year. One of the ...
A cryptocurrency for oil is launching — and it'll be completely government compliant
A team of banking and technology managers and former U.S. regulatory commissioners said on Monday that they are launching the world's first regulatory compliant cryptocurrency backed by a physical asset—OilCoin, which will be based on oil reserves ...
One of the World's Biggest Bitcoin Markets Is Holding an Emergency Meeting on Cryptocurrency
SEOUL, Dec 13 (Reuters) – South Korea's government has called an emergency meeting to discuss the trading of cryptocurrencies, and measures on the market will be announced on Friday, a central bank official said on Wednesday. The official declined to ...
How Blockchain Could Allow China's Netizens To Reclaim Online Publishing
China has actually embraced the underlying blockchain technology for its wide potential, according to the Director General of the Research Institute of the People's Bank of China. “Blockchain itself is a good technology, and an ICO is not the only way ...
South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'
The world's biggest and best known cryptocurrency, bitcoin BTC=BTSP, surged past $17,000 to new all-time highs this week, marking an almost dizzying 20-fold rise this year and feeding fears of a bubble. Australia's central bank governor Philip Lowe ...
Bitcoin and Ethereum Price Forecast – BTC Consolidates, ETH Shoots Higher
Bitcoin prices continued to remain strong and at one point of time, it shot throigh the $17,000 region but this move was only short lived as the prices corrected lower and it now trades above the $16,000 region and looks to be in a consolidation mode ...
Is it too late to buy Bitcoin?
In the wake of this recent, wild climb, people are scrambling to get in on the ground floor—or maybe, let's call it, the third floor—of a new, exciting investment. For our part, we reached out to two experts—economist Robert Shiller of Yale and ...
SEC head warns investors about cryptocurrency
The head of the Securities and Exchange Commission (SEC) is cautioning investors about putting money into cryptocurrencies in one of the SEC's strongest statements to date on the matter. SEC Chairman Jay Clayton warned investors to be wary of promises ...
Indiegogo makes it easy to hop on the cryptocurrency bandwagon
There's a frenzy over cryptocurrency at the moment (helped in no small part by bitcoin's sky-high value), and Indiegogo is determined to milk the trend for all it's worth. The crowdfunding site has partnered with MicroVentures to enable investments in ...
Coinbase halts ether and litecoin trading as cryptocurrency market ...
Coinbase halts ether and litecoin trading as cryptocurrency market ...
Hackers/Founders' Jonathan Nelson Says Venture Capital Is Broken. His Answer? An Ethereum-Based Fund
Forbes Trep Talks Where entrepreneurs discuss life in the trenches. Opinions expressed by Forbes Contributors are their own. Amy Feldman , Forbes Staff. Courtesy of Hackers/Founders. Hackers/Founders' Jonathan Nelson recently launched a new fund called ...
What Is Litecoin, and Why Is It Beating Bitcoin This Year?
With digital currency Bitcoin taking the spotlight in 2017, it's hard to remember the other cryptocurrencies that have been growing in its shadow. An increasingly-prominent example: Litecoin. The fourth largest digital currency by market capitalization ...
Ethereum-based Blockchain Game 'CryptoKitties' is Coming to Mobile
If you've been even remotely exposed to financial news in the last couple months, you've no doubt heard about cryptocurrencies. Bitcoin is the biggest, but there's also Litecoin and Ethereum in the spotlight (along with countless other altcoins). They ...
Vanguard leapfrogs cautious banks, unveils blockchain network plan
While big banks debate how blockchain technology might be used to improve financial services and join consortiums to determine how to move forward, one of the world's largest asset managers is leading by example. Vanguard is preparing to launch a ...
Starbucks Buenos Aires Accused of Cryptocurrency Mining Using Customer's Laptop
Noah Dinkin, the man who discovered that his laptop was being used to mine cryptocurrency via Starbucks' free WiFi, tweeted a screenshot to prove it on Dec. 2. pic. His screenshot shows that the WiFi provider in Starbucks Buenos Aires forces a 10 ...
Looking to sell bitcoin? It's complicated
A friend strongly warned me to move my bitcoin to an alternative digital wallet to avoid being hacked after publishing an article about my holdings. And the sage advice of my two investment gurus -- Warren Buffett and my wife -- continued to ring in my ...
Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin
The sale, subject to standard verification, is to be completed entirely in litecoin. The flagship car in the fleet is the 2011 Sauber Ferrari C30 which was driven by Kamui Kobayashi (who achieved 5th place with the car at the Monaco Grand Prix) as well ...
I Was Wrong About Bitcoin. Here's Why.
Several years ago, tech enthusiasts in San Francisco began buzzing about a new and mysterious thing called Bitcoin. There were rumors that the virtual money, invented by a pseudonymous math genius named Satoshi Nakamoto, would revolutionize modern ...
Bitcoin Is Soaring. Here's Why It's Not Ready for the Big Time
Bitcoin was a gift to the world from Satoshi Nakamoto, a pseudonymous person or persons who laid out the design in a 2008 white paper. The paper complained that conventional financial institutions create unnecessary friction: banks and other mediators ...
What Is Ethereum And Why Is The Price Of An Ether Going Up?
2018 will welcome a range of regulatory requirements and financial institutions are launching new products on the blockchain in order to simplify compliance, and this is where the Ethereum blockchain is becoming increasingly popular. A project named ...
Leading cryptocurrency exchange faces outages as bitcoin rivals surge
This month's cryptocurrency boom isn't limited to bitcoin. Over the last 24 hours, two of bitcoin's biggest rivals—Litecoin and Ethereum's ether—have enjoyed huge price gains. Trading volume has been so intense that one of the leading cryptocurrency ...
Ethereum Surges Past $600 on UBS Announcement of Ethereum-based Initiative
According to CNBC, the surge comes as UBS announced they will head an Ethereum-based Blockchain initiative along with Barclay's, Credit Suisse, KBC, Swiss stock exchange SIX and Thomson Reuters. The initiative is designed to help these companies comply ...
Coinbase Halts Litecoin And Ethereum Transactions - Bitcoinist.com
Coinbase just halted Litecion and Ethereum buy and sell transactions, seemingly driven by the huge volume seen in each over the last twenty-four hours. Digital wallet company Coinbase just announced on its status page, here, that as of 11:04 PST ...
Craigslist Now Allows Cryptocurrency Sales
When you're thinking of buying or selling something on Craiglist, you can now inform potential customers that you'll be able to pay in bitcoin or another digital currency. According to a report by The Verge, sellers can now check off a box in their ...
I used to be a bitcoin bull—here's why that changed
I used to be a bitcoin bull. As bitcoin's price soared from $13 to more than $1,000 in 2013, lots of people argued it was an unsustainable bubble. I argued the opposite: that bitcoin's price still had a lot of room to rise. And obviously, I turned out ...
Cryptocurrency buyers warned by SEC
Ethereum has risen more than 6,100 percent this year to $636.49, while Litecoin has soared more than 9,000 percent. A growing number of companies also are raising funds through "initial coin offerings," or ICOs, complete with celebrity endorsements ...
Trump Signs Defense Bill Authorizing Blockchain Study
U.S. President Donald Trump has signed a $700 billion military spending bill that includes a mandate for a blockchain cybersecurity research study. As CoinDesk reported in September, the bill – as advanced by the U.S. Senate at the time – called for ...
Bitcoin Bulls Face 'Alt' Competition in Push to $20k
Bitcoin may still be in the hunt for $20,000, but the bulls need progress soon else a minor pullback could be in the offing. As per CoinDesk's Bitcoin Price Index (BPI), the cryptocurrency is trading at $17,539, having appreciated 4.48 percent in the ...
Market Snapshot – Equity Markets Await the Fed, Litecoin Surges 45%
The German ZEW economic sentiment data was released and it came it softer than expected. This led to some weakness in the DAX index which dominated the rest of the European stock markets which continued to see some subdued trading. These stock markets ...
3LAU Pens Handy Guide to Cryptocurrency
A producer of the people, 3LAU has penned a handy guide to cryptocurrency, aimed at arming you with all the basics so often overlooked by novice digicurrency users. The free, downloadable document outlines how you can invest your US dollars into ...