Please share if you find this article interesting. Google Knows: More People Search ‘Buy Bitcoin’ Than ‘Buy Gold’ While Bitcoin peaks, gold is looking decidedly peaky as crypto Google search trends outnumber the precious metal for the first time. As Bloomberg reports Tuesday, the search term “buy Bitcoin” is now more frequent than “buy gold,” adding insult to injury for gold after an ounce began to cost less than one BTC for the first time this year. “With the US stock market setting fresh all-time highs day after day, it’s no surprise gold prices have retreated,” the publication quotes UK-based BullionVault research director Adrian Ash as saying. “Some investors are also being distracted by the noise around Bitcoin and other cryptocurrencies.” A glance at gold profits for 2017 m
Please share if you find this article interesting. Fork Supporters Prepare to Implement SegWit2x Fork Fork supporters and developers are preparing to implement the SegWit2x fork by Nov. 16. The new fork is considered as the largest and least understood software to the top-dog virtual currency so far. Under the SegWit2x software protocol, several changes to Bitcoin’s rules will be implemented. The new protocol will specifically change the size of the blocks that are passed regularly around the network and stored in the Blockchain from one megabyte (1 MB) to 2 MB. Previous changes to the Bitcoin platform Bitcoin is just warming up from its recent split that led to the launching of the new token called Bitcoin Cash. The split, however, has limited impact on the leading virtual curre
Please share if you find this article interesting. South Korean Exchange Coinone Adds Litecoin to Its Platform Major South Korean exchange Coinone has added the fifth biggest digital currency Litecoin to its platform as of early November 2017. The exchange has reportedly processed $3.2 mln worth of Litecoin in the first 24 hours of trading Litecoin. The adoption by Coinone of Litecoin is a much-needed lift for the Bitcoin sibling, which was left by the wayside due to the phenomenal performance of the leading cryptocurrency Bitcoin. Before the Coinone inclusion, Litecoin’s trading activities have been virtually flat, with the virtual currency’s price hovering around the $55 mark in the past fortnight. Cryptocurrency developments in South Korea and around the world There have been
Please share if you find this article interesting. Estonia Withdraws 760k E-Residency Cards as Hacker Threat Grows Estonia has canceled its 760,000 of its national ID cards after researchers found a cryptography flaw they contain is “much worse” than they thought. As Ars Technica reports updating original revelations about the cards’ vulnerabilities last month, hackers could potentially steal holders’ identities at a fraction of the original time and cost. “There were no known incidents of an Estonian digital ID card being misused, but all previous certificates containing the vulnerability were suspended on Friday,” Kaspar Korjus, head of the country’s e-Residency scheme announced Friday. Estonia’s cards are used for various state-related activities and are among those identified
Please share if you find this article interesting. Bitcoin - New Asset Class ‘First in Hundreds of Years’, Max Keiser Max Keiser has agreed with CME Group’s Chairman Emeritus Leo Melamed that Bitcoin is a “new asset class.” Describing as the “first new asset class in hundreds of years,” Keiser’s bullish investment stance on the virtual currency has gained serious weight as CME prepares to launch futures trading this month. This is why 99% of pundits get it wrong. #Bitcoin is the first new asset class we’ve seen in hundreds of yrs. pic.twitter.com/OTObTN71VW — Max Keiser (@maxkeiser) November 7, 2017 Melamed had told Reuters that his open stance to technology was obligatory and that Bitcoin represented the need to “examine change.” “My whole life is built around new technology.
Please share if you find this article interesting. Smartphone Mining ICO Hit by DDoS Attack Electroneum, a cryptocurrency startup that offers an app that can be used on smartphones to mine digital currency, has come under a massive attack after it raised $40 mln in its ICO. The UK-Based company was hit by a DDoS attack - Distributed denial of service - which has locked out investors from accessing their accounts. This has led to the company being forced to delay their full launch of their mobile mining app. DDoS lockdown The DDoS attack, which has become the favorite form for cybercriminals looking to disrupt many of these high flying ICOs, involves an array of compromised computers all aimed at accessing one site. This Botnet, as it is known, floods the website’s servers and spa
Please share if you find this article interesting. Bitcoin-Only Property Sale: UNESCO World Heritage Site in Ibiza for 1,850 BTC When a Texas-based real estate brokerage firm sold a property using just Bitcoin, the ease of transaction became topical. "In a matter of 10 minutes," says Sheryl Lowe, the agent who represented the buyer in the sale, "the Bitcoin was changed to US Dollars and the deal was done!" The same factor is playing out again. Handlers of the sale of a historic palace in the Spanish resort town of Ibiza are banking on the ease of Bitcoin to put the property on the market. El Palacio Badarji is on sale for 1,850 Bitcoin. No cash equivalent indicated. The location which was declared a World Heritage site by UNESCO in 1999 is an 18th-century palace built in 1740. It...
Please share if you find this article interesting. Short-Lived Rebound? Bitcoin Struggles to Retake $7,200 Bitcoin traders seem a touch tentative today. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $7,200 levels. BTC prices dropped to a four-day low below $6,950 yesterday before regaining poise, although the 5-day moving average (located above $7,200) is proving tough to crack. So has the pullback run out of steam? Comments on social media indicate that, while some traders see the potential for a healthy correction to $6,500, others predict the market is likely to stay volatile ahead of the expected Segwit2x hard fork. The odds seem high that the pullback has legs, given that the sell-off on Monday was backed by a 30 percent surge in volumes. A high-volume
Please share if you find this article interesting. How Hedge Funds Help Bitcoin to Reach New Heights While there may be a major Wall Street divide when it comes to Bitcoin, there is no doubting the role that the institutionalized money movers and investors have had in helping drive the price of the digital currency up. However, as is the nature of the often cautious bankers and investors on Wall Street, they have needed their own push in recent times to get aboard the moon-bound rocket that is Bitcoin. That push has come in the form of all too familiar hedge funds. Fueling the fire There have been a number of contributing factors that have seen Bitcoin jump over 600 percent in the year to date, from differing regulations and softening approaches from certain nations to changes in
Please share if you find this article interesting. Goldman Sachs Believes Bitcoin Price Will Hit $7,900 in Short-Term Sheba Jafari, vice president at Goldman Sachs FICC Market Strats team, believes the bitcoin price will surpass the $7,900 mark in the short-term. “The market has shown evidence of an impulsive rally since breaking above 6,044. Next in focus [$]7,941. Might consolidate there before continuing higher,” said Jafari. $7,941, a Realistic Target? Jafari’s bitcoin price trend analysis and prediction was criticized by the bitcoin community for its specificity. Most traders, investors, and users of bitcoin understand by now that it is virtually impossible to predict the price of bitcoin in both the short and long-term specifically on the dot. Hence, the $7,941 price target