BlackRock, one of the largest international companies involved in mutual funds, ETFs and closed-end funds confirmed that it has formed a team of financial experts to explore cryptocurrencies and blockchain technology. Since the announcement, Bitcoin jumped 4% from $6,377 to $6,627 in just seven hours, according to CoinMarketCap, with the altcoin market seeing gains of […]
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Most mainstream media is reporting that virtual currency trading has been virtually outlawed in India as the country’s Supreme Court upheld a central bank directive. We’ve seen similar news that turned out to be fake in Korea and elsewhere, when regulations were tightened on such things as trading by minors. In India, the effect of […]
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Bank of America filed a report with the US SEC on form 10-K, in which the bank stated that cryptocurrencies limit the bank’s ability to monitor financial flows. Form 10-K is an annual report that companies with over $10 million in assets and equity securities held by more than 2,000 owners must file with the […]
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Among the factors that made Bitcoin hard to adopt as a means of exchange, rather than simply a store of value, are that prior to Lightning Network, transactions were both very slow and very expensive. Newer generation cryptocurrencies have addressed these issues to varying degrees. Anything Crypto measured transaction speeds for coins when transferred to […]
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In January 2018, Facebook placed a ban on cryptocurrency and ICO advertising on its platform, when Bitcoin prices were more than double what they are today. There was speculation that this could be in preparation for a Litecoin integration with Facebook, or that a new “Facecoin” was on the horizon. In addition to the Facebook […]
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According to Jonathan Johnson, who now serves on Overstock’s board of directors, the company processes between $68,000 and $120,000 per week in cryptocurrency revenues, primarily through Bitcoin and Ethereum. This is just a fraction of Overstock’s overall business, comprising just 0.2 percent of its total revenue. Yet, even with declining prices for Bitcoin and the […]
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Two firms, VanEck Associates Corp. and SolidX Partners Inc. have filed a request with the SEC to list a Bitcoin ETP. Unlike other rejected ETF filings with the U.S. Securities and Exchange Commission, this fund would be physically backed with actual Bitcoin holdings, fully insured, and targeted to institutional investors with a minimum share price […]
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The Bitcoin Lightning Network may have been used to process transactions for a short period of time, but enough data has already been collected to set its architects on a path to upgrade the network with further improvements. In order to improve Bitcoin’s transaction processing volume, Lightning Network requires users to store a large amount […]
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Bing, the number two search engine in the US, and number three in the world, will ban cryptocurrency and ICO ads. This ban puts Bing in alignment with Google, Twitter and Facebook, under the banner of consumer protection. There are of course, ICO scams that exist, and the question is whether an entire industry, namely […]
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Revolut reached a $1.7 billion valuation, according to Quartz after integrating cryptocurrency into its payment app, making it the top fintech firm in Europe that allows users to send bank payments with extremely low fees, surpassing TransferWise’s valuation of $1.6 billion. Revolut was valued at less than $1 billion in 2017, with a much smaller […]
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