Please share if you find this article interesting. Equipping Youth: South African Business School Accepts Bitcoin Red & Yellow, a well-known business and creative school in South Africa, believes it is pioneering its payment methods by allowing their student to enroll on a bankroll of Bitcoin. There have been rumblings around universities and other tertiary education centers globally when it comes to Bitcoin and payments, and this instance in South Africa seems to reinforce the notion that Bitcoin is ingrained in the millennials. This is a first for any tertiary education center in South Africa, but not globally. A Swiss University kick-started the trend, but when it comes to Africa, this represents a giant leap forward. An African leap forward African citizens have forever battl
Please share if you find this article interesting. BTC, BCH Mix-Up on Overstock Gave Customers Huge Potential Profits Online retail giant Overstock said in a statement to a customer Jan. 9 that it is “aware” of a significant glitch in its payment system, which let customers pay with Bitcoin (BTC) and Bitcoin Cash (BCH) interchangeably, accidentally allowing for a huge potential discount. In what online publication The Verge described as “a lesson in how not to offer cryptocurrency payments,” Overstock, which has accepted Bitcoin since 2014, inadvertently provided BCH holders with a golden arbitrage opportunity. In addition to charging either BTC or BCH at a rate of 1:1 for the same item, any refund requests were paid exclusively in BTC, resulting in the potential for huge profi
Please share if you find this article interesting. Not All Doom and Gloom for Chinese Bitcoin Miners Even amid future regulatory constraints, Chinese Bitcoin miners could withstand a massive market crash due to the low electricity costs in the country. According to Bloomberg, China’s thriving Bitcoin mining industry would still be highly profitable if Bitcoin price were to drop to $7,000. Bitcoin price shot up from $1,000 in January 2017 to a record high of $20,000 in December, which of course demanded more miners and inevitably more energy. China has long been a cash-cow for Bitcoin miners, due to a surplus supply of energy leading to low power cost. Bloomberg New Energy Finance (BNEF) analysts published a report on Jan. 10 stating that mining operators in China could still turn
Please share if you find this article interesting. Crypto Market In Red, Total Market Cap Down $100 Bln Since Monday Cryptocurrency Markets are having a tough time, with major losses across most of the top 50 coins to start the day Wednesday, Jan. 10. The total market capitalization of all cryptocurrencies is down from $800 bln on Jan. 7 to around $709 bln Jan. 10. The main exception seems to be Ether (ETH), which is seeing almost 10 percent growth over the past day, selling at an average of $1300 at press time. Ether is one of only two coins from the top ten that are in green this morning, joined by Bitcoin Cash (BCH), which is up almost 5 percent. Major Losses Ripple (XRP), the so-called cryptocurrency of banking, which showed an unprecedented growth rate starting in mid-Decem
Please share if you find this article interesting. Thailand's Regulators Allow Bitcoin Futures Trading - Bitcoin News Finance Investors in Thailand can now trade bitcoin futures listed on the Chicago Mercantile Exchange and the Chicago Board Options Exchange. The country’s financial authorities say that these instruments should be offered in Thailand and one company is already offering them to their customers. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Bitcoin Futures Trading Available Now Phillip Securities Thailand Ltd. announced on Monday the launch of its bitcoin futures trading services for investors wanting to invest in bitcoin futures listed on the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exc
Please share if you find this article interesting. Bitcoin Price Watch; Staying The Course So we are now midway through the week and things haven’t been particularly easy from a bitcoin price perspective as far as long-term holdings are concerned so far. Price took a real dip overnight yet again and the bitcoin price currently sits in and around $13,800 – more than 30% down on all-time highs. As ever, when we see a dip like this, it translates to a substantial degree of weakened sentiment and generally results in an increased weakening effect purely based on the fact that people are selling in anticipation of further decline. As most who have been in the space for a while will know, these depreciation periods aren’t too much of a concern and can often serve up nice opportunities
Please share if you find this article interesting. Post-ICO Review: What Happens to the Tokens of the Largest ICOs? Around $6 bln has been raised via ICOs in 2017. Almost 37 percent of that amount was made by only 20 ICOs. Names like Filecoin, Tezos or Bancor created lots of buzz, but what happened to their tokens afterwards? Can investors get higher returns by buying tokens a few months after initial offerings? The five largest ICOs from the top twenty by the amount raised show that returns on investment can reach up to 870 percent within three to four months. Please note that projects whose tokens are not tradable or traded for less than two months were not included in the review. The data was collected and processed within an ICOrating agency research. 1. Tezos: $232 mln raise...
Please share if you find this article interesting. Beyond the Red Tape: The Path Ahead for Token Sales Mason Borda is a tech entrepreneur focusing on blockchain infrastructure and security. He is currently the CEO and co-founder of TokenSoft Inc, a crypto treasury management and white label token sale platform. The following article is an exclusive contribution to CoinDesk's 2017 in Review. It began with some source code and a white paper. Bitcoin, initially launched as a technical curiosity with no ascribed value beyond its merits as a digital currency, designed to solve the Byzantine Generals' Problem. The ease of transfer inherent in the cryptocurrency made it a popular currency of choice for crowdfunding the ethereum platform in 2014. Since its launch, the platform as becom...
Please share if you find this article interesting. Blockchain Applications for All Walks of Life Given the meteoric rise in popularity of cryptocurrencies in 2017, some mainstream financial institutions are clamoring to board the steadily moving crypto train. The successful launch of Bitcoin futures contracts on CBOE and CME markets has proven that there is a healthy appetite for Wall Street investors to hedge their bets on the daily trade movements of cryptocurrencies. While the two Chicago-based exchanges will go down in history as the first to offer futures, a number of big players aren’t far behind. The New York Stock Exchange has officially filed for permission to launch Bitcoin exchange traded funds linked to the CME and CBOE listed futures, and the likes of Goldman Sachs a
Please share if you find this article interesting. Bitcoin Gold Price Technical Analysis – BTG/USD Holding $220 Key Points Bitcoin gold price is holding the $210-220 support area and is currently recovering against the US Dollar. There is a short-term ascending channel forming with resistance at $255 on the hourly chart of BTG/USD (data feed from Bitfinex). The pair may slowly move higher, but a close above the $250-260 resistance won’t be easy. Bitcoin gold price is slowly moving higher toward $250 against the US Dollar. BTG/USD must stay above the $210-220 support area to avoid a downside break. Bitcoin Gold Price Resistance There was a downside reaction in bitcoin gold price recently toward the $210 support area against the US Dollar. The price traded as low as $210.08 and lat