According to the World Economic Forum, over 40 central banks around the world are eyeing the opportunities afforded by blockchain technology, many with an eye towards issuing their own digital currencies. But while studying the technology is one thing, actually getting to issuance of a digital currency is quite another. Thus far only one relatively […]
A recent study of Bitcoin trading claimed that about 95% of all reported Bitcoin trading volume is a hoax. The transactions are mostly spoofed in an attempt to manipulate Bitcoin prices for various reasons. If that is in fact the case, does it even make sense for people to invest in Bitcoin? It’s important to […]
For weeks Bitcoin traded in a fairly narrow price range. The $4,000 barrier was an upper bound that Bitcoin had only periodically breached but which was an important one psychologically. Bitcoin needed to be able to smash through $4,000, and then there was no telling how much more it would appreciate over the course of […]
A recent report commissioned by the United Nations Security Council has indicated that North Korea has been behind many major hacks of cryptocurrency exchanges. The regime sees cryptocurrencies as a means of evading Western sanctions, as their quasi-anonymity and ability to be laundered multiple times with ease allows the regime to steal funds and use […]
While numerous countries have discussed the possibility of issuing their own digital currency, the actual issuance of central bank digital currencies has in most cases failed to materialize. Aside from Venezuela’s much-derided petro, which doesn’t seem to be gaining much traction, no other central bank has issued its own digital currency. Until now. While many […]
With growing backlash from governments over its erosion of data privacy and growing discontent from users overs its censorship and suppression of alternative points of view, Facebook is desperate to staunch the flow of users leaving its platform and relieve pressure from government authorities. The company needs to hit a home run in providing a […]
Just as quickly as it rose at the end of 2017, Bitcoin stumbled and began to lose value in early 2018. And from February 2018 onward Bitcoin continued to lose more and more value. It was a perplexing move that befuddled Bitcoin investors and market watchers. It was especially confusing since stock markets were losing […]
With federal regulation of Bitcoin and cryptocurrencies basically remaining stagnant, many states have taken it upon themselves to clarify the status of Bitcoin and cryptocurrencies. Ohio recently became the first state to accept Bitcoin as a payment for taxes. Online retailer Overstock already stated that it would pay some of its Ohio taxes in Bitcoin. […]
Most cryptocurrency investors choose one of two ways to store their cryptocurrency holdings: they either hold them with a cryptocurrency exchange or they utilize investment vehicles such as cryptocurrency IRAs and hold their assets with custodians. Unless investors look closely underneath the hood, they may not see the difference between the two, and may not […]
The fear of theft and hacking remains one of the issues keeping many people from trying to invest in cryptocurrencies. And recent research indicates that those people have every reason to remain fearful. Lat year an estimated $1.7 billion worth of cryptocurrencies were stolen from their owners, mostly from cryptocurrency exchanges. Total market capitalization of […]
