Bitcoin Has Elements Of Different Asset Classes: CFTC Chairman

In his conversation with CNBC, Chairman Giancarlo alluded to the possibility of a novel set of regulations for cryptocurrencies. “There’s a growing appetite among several Congress men and Senators that I have spoken to..to approach this with new eyes and some new thinking,” he said. Continue reading Bitcoin Has Elements Of Different Asset Classes: CFTC Chairman

Which Crypto Had The Best Gains In April?

While the top 10 cryptos all registered significant gains this past month, the star performers were Tron and EOS. The former coin, which is backed by China’s e-commerce giant Alibaba’s founder Jack Ma, was up by 190%. EOS was the top performer with an increase of 199% in its price. Continue reading Which Crypto Had The Best Gains In April?

Former CFTC Chair Gensler Ratchets Up Controversy In Cryptocurrency Ecosystem

Former CFTC Chairman Gary Gensler dialed up the conversation on cryptocurrencies this week at the MIT Business of Blockchain conference by wading into contentious topics related to cryptocurrency regulation. His talk spanned a broad range of topics but the most controversial aspect of his speech related to the status of Ethereum’s ether and Ripple’s XRP as securities. Continue reading Former CFTC Chair Gensler Ratchets Up Controversy In Cryptocurrency Ecosystem

Along with a bursting of the cryptocurrency bubble, there might have been another implosion of sorts in recent months.  According to a Reuters report, several banks and financial institutions have put brakes on their efforts to reinvent existing systems and processes using blockchain. The report names prominent financial institutions, such as Depository Trust&Clearing Corporation (DTCC) and BNP Paribas SA, which started blockchain projects last year … Continue reading

How Did The Top 10 Cryptos Perform During The First Quarter?

Cryptocurrencies rode into the New Year on the back of euphoric sentiment and record valuations. Three months later, those valuations have bitten the dust amid a spate of bad news and scandals. Cardano and Ripple were the biggest losers among the top 10 cryptocurrencies during the first quarter. The former shed 78.26% of its value while the latter lost 77.88% of its price from the … Continue reading How Did The Top 10 Cryptos Perform During The First Quarter?

Bitcoin Price Continues Falling As Bad News Piles Up

A flurry of negative news in the last couple of days seems to have taken a toll on bitcoin’s price. The cryptocurrency, which almost touched $20,000 in December retreated to below $8,000 earlier this week and even may have room to fall further. At 15:16 UTC, the price of a single bitcoin was $7,538.98, a steep decline of 7.28% from its price 24 hours ago. … Continue reading Bitcoin Price Continues Falling As Bad News Piles Up

Ethereum Co-Founder Buterin Proposes Rent Fees For Data Storage On Its Blockchain

Even as they have witnessed explosive growth in the last couple of years, cryptocurrencies are yet to find a suitable model to finance future growth. While cryptocurrency markets are a lucrative source of funds, their wild price swings make them unsustainable in the long run. Meanwhile, cryptocurrencies are experimenting with other ideas. Nonprofit foundations are one. But even that source is uncertain because it is … Continue reading Ethereum Co-Founder Buterin Proposes Rent Fees For Data Storage On Its Blockchain

Bitcoin Price Falls Below $8K As Atlanta Fed Chair Cautions Against Crypto Investing

There might be a day when bitcoin and cryptocurrency markets are in a celebratory mood. Today is not one of those days. Bears, who’ve wrested control of the markets, exerted further pressure in the last 24 hours. After moving sideways around the $8,000 mark, bitcoin’s price has fallen below that support level. At 16:32 UTC, bitcoin was changing hands at $7,898.14 per pop, an increase … Continue reading Bitcoin Price Falls Below $8K As Atlanta Fed Chair Cautions Against Crypto Investing

Bitcoin Price Tanks As Bears Take Charge Of Crypto Markets

There was not much respite for cryptocurrency markets this morning. Crypto prices, which began falling yesterday after news that social media platform Twitter would ban crypto ads, continued to tank. At 15:17 UTC, crypto markets had a total valuation of $301.4 billion. Exactly a day earlier they were priced at $319 billion. The price of a single bitcoin fell to a low of $7767.86 this … Continue reading Bitcoin Price Tanks As Bears Take Charge Of Crypto Markets

Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads

Traders swung between the optimism and gloom over bitcoin’s future prospects as cryptocurrency markets crashed below $300 billion before recovering this morning. The price of a single bitcoin, which had been on a steady decline since the middle of last week, wobbled to $7,370 Sunday morning. At 15:05 UTC, it had recovered to $8,635. The top 10 most-valuable cryptocurrencies mirrored bitcoin’s price trajectory. After a … Continue reading Bitcoin Price Skedaddles On News Twitter Might Ban Crypto Ads

First Version Of Lightning Labs Software Released

Lightning Labs has launched a beta version of the first tested version of its software for Lightning Network, the technology which is expected to solve bitcoin’s scaling problems. The software is called LND and uses bitcoin and litecoin currently. Lightning Network decreases transaction costs and increases their speeds by making it possible to open channels between two transacting parties. These channels, which conduct transactions off … Continue reading First Version Of Lightning Labs Software Released

Bitcoin Price Holds Steady, May Fall Further

Cryptocurrency markets continued their free fall for most of yesterday, dropping to as low as $318.1 billion at 21.57 UTC before recovering this morning. At 15:22 UTC today, they were worth $336.1 billion. The price of a single bitcoin rose slightly from 24 hours ago. At 15:47 UTC, the cryptocurrency was changing hands at $8465.42, an increase of 2.52% from the same time yesterday. It … Continue reading Bitcoin Price Holds Steady, May Fall Further

The Case For Ethereum As A Security Token

During a Congressional hearing last month, SEC Chairman Jay Clayton said all ICO tokens he had seen were securities. That remark, with all its attendant implications, has spooked investors and snowballed into a series of actions that might end up radically reshaping cryptocurrency markets. Since Clayton’s remark, the SEC has tightened the screws on coin offerings and exchanges. Just last week, the agency threatened to … Continue reading The Case For Ethereum As A Security Token

Prices For Bitcoin And The Top 10 Cryptocurrencies Are All In The Red For This Year

It took some time but it finally happened. The top 10 cryptocurrencies have all shed their gains from last year. Cardano, which rallied towards the end of last year, is the biggest loser, having lost 73% of its value since the start of this year. With losses of 70.3% and 63.6% each, Ripple and Bitcoin Cash are not far behind. NEO held out against market … Continue reading Prices For Bitcoin And The Top 10 Cryptocurrencies Are All In The Red For This Year

Playboy Announces Cryptocurrency Wallet For Its Adult Network Empire

Prominent developer of adult content, Playboy Enterprises Inc. is planning to add a cryptocurrency wallet for users on its network of adult websites. According to a press release issued by the company this morning, the wallet will accept multiple cryptocurrency tokens. In the release, the Los Angeles, Calif.-based company called out the Vice Industry Token (VIT) for use within its ecosystem of websites. Reena Patel, … Continue reading Playboy Announces Cryptocurrency Wallet For Its Adult Network Empire

Analyzing Monthly Returns For Cryptocurrency Prices In 2017

Yesterday I wrote a post about San Francisco-based investment firm Bitwise Asset Management’s first research report about cryptocurrencies for Investopedia. The report, which is a case for diversification of holdings within the cryptocurrency ecosystem, tracked monthly returns for the top 10 cryptocurrency holdings in their HOLD10 index in the last year. Given the tumultuous volatility of cryptocurrency markets, it is not surprising that there was … Continue reading Analyzing Monthly Returns For Cryptocurrency Prices In 2017

Bitcoin Price Falls After Google Bans Advertising Related To Crypto Products

Cryptocurrency markets continued to slide as a mix of negative assessments and news about bans and regulatory crackdowns continued to bear down on them. At 16:06 UTC, the price of a single bitcoin was $8,711.30, down 4.8% in the last 24 hours. The biggest news to emerge in the last 24 hours is that of Google banning advertising related to cryptocurrency. The online advertising juggernaut’s … Continue reading Bitcoin Price Falls After Google Bans Advertising Related To Crypto Products

Ethereum Derivatives Might Bring Institutional Investors To The Cryptocurrency

Ethereum’s ether might be next in line to attract funding from institutional investors after bitcoin. Consensys, a firm started by Joseph Lubin, ethereum cofounder, to implement smart contracts, is partnering with TrueDigital, an affiliate of New York-based TrueEx, to develop a benchmark rate for ether and “the infrastructure needed for the broad adoption of digital assets by the institutional community.” The first product of the … Continue reading Ethereum Derivatives Might Bring Institutional Investors To The Cryptocurrency

Bitcoin Price Further Declines After Weekend Highs

Bitcoin’s price fell further from its weekend highs yesterday, touching a low of $8803.11 yesterday evening. After recovering through most of today, it is back on a downward slide. At 16:32 UTC, the price of a single bitcoin was $9,011.87, a decline of 1.18% from its price 24 hours ago. Other cryptocurrencies were also in the red. Among the top 10 cryptos, NEO, a cryptocurrency … Continue reading Bitcoin Price Further Declines After Weekend Highs