Author: Rick D.

Mark Haefele of UBS Group AG: Bitcoin Not “Considered a Viable Currency to Invest In” No Comments

In an interview with Bloomberg, the chief investment officer of the world's largest wealth management company, UBS Group AG, has declared his scepticism of Bitcoin and other cryptocurrencies. For Mark Haefele, the lack of government regulation over Bitcoin is a cause for concern, as is the size of market capitalisation of cryptocurrencies in general. He stated that the sum total of all cryptocurre...


Turkish Gang Extort 450 Bitcoin No Comments

According to several Turkish news sources, law enforcement have detained a criminal ring in Merter, Istanbul. The gang reportedly extorted cryptocurrency from a wealthy business who had been flashing his cash on social media websites. In total, they were able to steal 450 BTC, worth over $3.5 million at today's market price. According to local newspapers, the criminals posed as police, followed...


All-Time High: Bitcoin Shrugs Off the Competition Once Again No Comments

The price of a single Bitcoin exceeded its previous all-time high again today. Seemingly shrugging off doubt over its position as top-dog in the cryptocurrency world, the going rate of each unit of the digital currency reached an unprecedented £7,794 according to market price watch website, Coinmarketcap. This puts it ever-closer to the next major psychological milestone of $8,000. Bitcoin has...


Forking Hell: There are a Lot of Hard Forks Coming to Bitcoin No Comments

There's rarely a dull moment in the cryptocurrency space but recent months have been about as dramatic as they come. The forking saga that began in August of this year with Bitcoin Cash attempting to keep a version of Bitcoin without second layer scaling solution Segwit has continued and this month reached unprecedented levels of bewilderment, surprise, and intrigue. On November 8, the main suppor...


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Thomas Peterffy on CME Futures: “A Catastrophe in the Cryptocurrency Market… will destabilize the real economy.” No Comments

Chairman of Interactive Brokers, Thomas Peterffy, has voiced concerns about the plan to launch a Bitcoin Futures contract. According to their CEO, Terry Duffy, the CME Group intends to offer the listing as early as the second week in December. However, Peterffy is worried about the implications of a crypto-based Futures market. For him, the violent swings associated with digital currencies and as...


Golix Exchange: Bitcoin Price Double in Zimbabwe No Comments

Cryptocurrency seems to thrive in times of instability. That's certainly the case right now in Zimbabwe. The price of a single Bitcoin surged to an unprecedented $13,500 on the country's only crypto exchange, Golix, following news that troops from the Zimbabwe Defence Forces seized power in what is beginning to look like a coup. On the state broadcasting service, military leaders claimed that they...


Square Cash App Launches Bitcoin Trading Functions No Comments

Some users of the Square Cash app were surprised this morning to discover that they could now buy and sell Bitcoin using the platform. For those unfamiliar with it, the app can be used to send payments between friends and family. They offer free, instant transactions in dollars, and now, the ability to buy and sell Bitcoin too. Interestingly for a company who specialise in sending and receiving...


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Singapore Mining Rig Manufacturer Reports Massive Surge in Sales No Comments

A small mining rig manufacturer in Singapore has reported a huge surge in sales in recent months. Dexter Ng of Mining.sg estimates that the company has gone from selling around 15 rigs each month in July to now selling over 100. He told Channel News Asia: Customers come in and order 50 rigs on their own. Compared to last time, probably one person only buys one or two. Now we get customers who buy...


Bitcoin Cash (BCH) Market Capitalisation Briefly Exceeds That of Ether (ETH) No Comments

The market capitalisation of Bitcoin's August 2017 hard fork, Bitcoin Cash, briefly exceeded that of the native cryptocurrency on the Ethereum blockchain, Ether, in the early hours of Sunday morning. The Bitcoin offshoot's price surged to an all-time high of $2,577 at around 1:49am. It has since settled back into third position at a total market cap of $23.35 billion or $1389.62 which is still mor...


Tim Draper: “This is the greatest technology since the internet’’ No Comments

Tim Draper has never been shy about his bullishness for Bitcoin. Last month, he expressed in no uncertain terms his believe that BTC was better than fiat currency and back in 2014, he made a then outlandish price prediction for a $10,000 Bitcoin in the next three years.  At a tech conference last week, he reaffirmed his stance on cryptocurrency, reiterating how important a technology he deems it....


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