Please share if you find this article interesting. St. Louis Fed Sees Future in Crypto As Important Asset Class, Bitcoin As Digital Gold The Federal Reserve Bank of St. Louis has published a paper entitled “A Short Introduction to the World of Cryptocurrencies” with an overall favorable assessment of digital currency and Blockchain applications for the future. The paper, written by Aleksander Berentsen and Fabian Schär, begins with a humorous comparison of the Bitcoin (BTC) system to the island of Yap. The small island population had to keep a virtual ledger of who owned what currency, because their units of value were large, almost unmoveable stones that would remain in one place, regardless of ownership, and could be lost at sea. The researchers then go into technical detail of
Please share if you find this article interesting. Another FUD String to JP Morgan Bow: Governments Will Ban Bitcoin, Mike Bell In what looks like another well-timed attack out of JP Morgan, another one of their top men have made broad and sweeping statements against cryptocurrencies. Global Market Strategist Mike Bell has said that governments will eventually ban cryptocurrencies. The market is in a precarious space at the moment as confusion in Korea keeps people on edge with the uncertainty over a supposed ban. This is not the first time a JP Morgan man has timed its vitriol against Bitcoin in the wake of external factors. CEO Jamie Dimon said Bitcoin was a fraud in the wake of the China ban. Hinting at a global ban Speaking to Bloomberg, Bell made some broad statements about ...
Please share if you find this article interesting. New US $65 Million Bitcoin Mining Facility is Among Largest Data Centers in North America - Bitcoin News Featured Virginia Beach, Virginia isn’t exactly known as a hotbed of bitcoin mining activity, but that appears to be changing, and soon. A local company has sunk 65 million USD into a giant facility, as the resort town attempts to become a hub for data centers. Also read: Have Lunch with Bitcoin Jesus in Paradise 65 Million USD Mining Facility is Nearly Completed It almost wasn’t to be. Local firm Bcause, LLC was actually looking to plunk down their 65 million dollars elsewhere. And then its hometown, Virginia Beach, Virginia cut business property taxes for data centers at the end of last year, according to The Virginian-
Please share if you find this article interesting. Cboe Bitcoin Contracts Slide 36 Percent as January Futures Expire - Bitcoin News Featured Chicago Board Option Exchange (Cboe) historic bitcoin futures market has had its first month, and results are decidedly mixed depending on the analyst. Some see the experiment as a dud, while others champion the mainstreaming of cryptocurrency. So far, bears are trouncing bulls. Also read: Have Lunch with Bitcoin Jesus! Cboe Futures Didn’t Tame Bitcoin That run-up though! Coming bitcoin futures in December of last year were supposed to bring about mainstreaming and liquidity galore in the ecosystem. Oh, what a difference a little over a month makes. 17 January 2018 is a marker which will help professional investors analyze the facts o
Please share if you find this article interesting. One Coin to Play Them All: A Startup to Make In-game Digital Currency Available on Multiple Platforms A brand new startup The Tap Project plans to change the existing world of online games by introducing an innovative cryptocurrency, the Tap Coin. It’s a utility token that can traverse multiple platforms and be converted to any cryptos or fiat money. With the Tap Coin, gamers will be literally getting paid to play, having the ability to build their wallets and monetize the gaming. Bringing the partner in On Jan. 11, 2018 the startup announced partnering with Juego Studios, international game developers based in Bangalore, India. This partnership will result in releasing the first mobile game that will pave the way for converting
Please share if you find this article interesting. South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations - Bitcoin News Regulation South Korean government officials have reportedly been caught insider trading. They sold all of their cryptocurrency holdings and profited just before the regulators announced crypto regulatory measures. The country’s Financial Supervisory Service is investigating the case. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading A Case of Government Insider Trading At a meeting of the National Assembly’s Committee on Thursday, January 18, the Financial Supervisory Service (FSS) confirmed that some employees invested in cryptocurrencies and sold them just before the government anno
Please share if you find this article interesting. Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March - Bitcoin News Regulation The decree signed by Belarusian president Alexander Lukashenko which legalizes cryptocurrencies, initial coin offerings, and smart contracts, will enter into force in March. Cryptocurrency activities are not restricted by the decree and will be tax exempt until 2023. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Cryptocurrencies Soon To Be Legal Alexander Lukashenko. The decree which legalizes cryptocurrencies, initial coin offerings (ICOs) and smart contracts in Belarus will go into effect on March 28. Entitled “On the development of the digital economy,” it was signed
Please share if you find this article interesting. Austrian Bitcoin Miner May Seek an IPO on the London Stock Exchange in 2018 - Bitcoin News Finance Are you an environmentally conscience stock investor looking to add some bitcoin exposure to your portfolio without fearing you might be melting the polar ice caps? A new “green” energy cryptocurrency mining venture may soon be available for you to invest in. Also Read: Businessman Outright Buys Two Electric Power Stations to Do Bitcoin Mining in Russia Bitcoin IPO Hydrominer GmbH, An Austrian cryptocurrency miner, is reportedly considering an initial public offering (IPO) on the London Stock Exchange AIM during 2018. This is meant not just to capitalize on the current ‘blockchain mania’ in the markets but to actually be used a
Please share if you find this article interesting. Poloniex Displaying Incorrect Customer Balances, Experiences Customer Service Woes According to users on Poloniex’s unofficial subreddit, the exchange has not be crediting user account balances when orders are cancelled. One user wrote: “When I cancel any open orders, the original USDT value isn't returned. Usually, the intended buy value is returned to my total and everything is fine but just noticed today that every time I cancel an order, the "Estimated value of holdings" (DEPOSITS & WITHDRAWALS tab) gets smaller and smaller and never returns to the original total.” Poloniex responded via their official Twitter account today, saying: We're investigating reports of canceled orders not crediting back to account balances. — Po
Please share if you find this article interesting. GDAX Starts BCH Trading, Users Angry About Focus GDAX has started trading Bitcoin Cash (BCH) this morning as of 9 AM PST, with little fanfare. The status update page for GDAX indicated that all initial testing had concluded as of 11:25 AM, with full functionality being restored. The addition of BCH on GDAX follows the addition of the hard fork coin on the Coinbase site, which saw the price of BCH rocket to new all time highs. While Coinbase owns GDAX, they are not the same entity. Since the announcement, Coinbase has made no further promises of future additions, however. The price of BCH responded strongly, with increases on the day around 12%. At press time, the coin was trading at $1742. Wrong focus? However, the cryptocurren...