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Category: Opinion

Commonwealth Governments to Start Bitcoin Regulation-

Commonwealth Governments to Start Bitcoin Regulation? No Comments

In the Commonwealth's Virtual Currencies Working Group conference held in London, participants agreed that there is a need for governments to start bitcoin regulation. Among most countries included in the group, there is still very little bitcoin regulation to speak of yet the industry sees strong growth in several Commonwealth nations. The group garnered insights from the banking sector, acade...

Negative Sentiments Continue to Haunt Bitcoin Market.

Negative Sentiments Continue to Haunt Bitcoin Market No Comments

The Bitcoin price (BTC/USD) today fell below $200 on multiple exchanges, bringing the January’s low within close grips. The new fall, as speculated by many online reports and discussions, was caused by the unexpected halt in BitFinex’s order books. The Hong Kong digital currency exchange, which experienced a flash crash just last week, had paused its trading services for over seven hours. T...

Bitcoin won’t make anyone rich quickly.

Bitcoin won’t make anyone rich quickly No Comments

Satoshi Citadel Industries (SCI) co-founder and CEO John Bailon in an interview with DEALSTREETASIA has opened up on issues that the Bitcoin community is seeking answers to, of late. Speaking at length on several issues, he said that those claiming Bitcoin to be a pyramid scheme or a get rich scheme have a wrong perception of the digital currency.  Adding further he explained that “there are...

Should Central Banks Be Given Authority Over Bitcoin-

Should Central Banks Be Given Authority Over Bitcoin? No Comments

One of the most popular features of bitcoin is that it is a decentralized currency with no government or monetary authority overseeing activity. For bitcoin enthusiasts, this gives more power to the network in determining the value of the cryptocurrency instead of having its levels controlled by officials. However, a report by a Suffolk University researcher suggested that central banks should ...

Bitcoin XT Hard Fork- Boon or Bane-

Bitcoin XT Hard Fork: Boon or Bane? No Comments

Over the weekend, bitcoin developers Gavin Andresen and Mike Hearn announced a new version of the bitcoin software called Bitcoin XT. For them, this will give members of the bitcoin community a chance to decide if they want to increase the block size limit or stick with the older version, Bitcoin Core. The block size debate has been going on for quite some time and the lack of an authority over...

Hedge Fund CEO Rates Bitcoin as Buy and Hold Investment

Is Bitcoin a Good Investment? No Comments

For some time, we have seen some stability on the Bitcoin price, and a large belief that even the volatility was seemingly decreasing was starting to be accepted by many people. But yesterday, an enormous collapse on the Bitcoin price made this conviction go away. Despite its speculative nature, bitcoin is emerging as a viable alternative asset class for institutional and retail investors alike...

Potential Block Size Issues on Split with Bitcoin Core. Newsbtc Bitcoin XT News.

Bitcoin XT: Potential Block Size Issues on Split with Bitcoin Core No Comments

The launch of Bitcoin XT represents a split with the Bitcoin core software, creating a fork in the road for blockchain. With that, cryptocurrency enthusiasts have started discussing the potential issues that may arise and how it could affect the block size debate. Writer Richard Gendal Brown shares three core issues that might come in to play. These are the fear of two different types of failur...


itBit: Bankchain Project Based on Distributed Ledger, Not Bitcoin No Comments

itBit disclosed further details on its Bankchain Project, citing that it will be based on the distributed ledger concept but will not use bitcoin. This project aims to create a private consensus-based ledger for applications to be used in the financial industry. More and more banks and financial institutions are looking into the potential usages of blockchain or the public ledger of bitcoin tra...

Digital Fraud Researcher Discovers Loophole in Bitcoin Passwords. Newsbtc Bitcoin News and opinion.

Digital Fraud Researcher Discovers Loophole in Bitcoin Passwords No Comments

Ryan Castellucci, a security researcher at digital fraud firm White Ops, shared that there could be a loophole in which bitcoin passwords can be traced to steal funds. This might be possible through brainwallets, wherein bitcoin passwords are stored in the memory of the user through a long word or phrase that interacts with the blockchain. In particular, the brainwallet password might be traced...

bitcoin criminal, bitcoin illegal, smart contracts

Can Criminals Take Advantage of Blockchain Smart Contracts? No Comments

Bitcoin has typically been associated with criminal activity, as the anonymous nature of transactions allowed illegal dealings to be practically untraceable without any money trail. While the underlying blockchain technology has gained a better reputation for possibly transforming several industries, its smart contracts might be vulnerable to criminal use as well. This has been explored by an a...