Yahoo! Japan Corp announced on Friday its intentions to purchase a minority stake in BitARG Exchange Tokyo. The deal builds on the increasing mainstream acceptance of cryptocurrencies in the country on behalf of business in the face of some of the most prominent Japanese companies. Getting Involved in the Crypto Field As reported by Reuters, Yahoo! Japan Corp is set to buy a minority stake in a Tokyo-based, FSA-approved crypto exchange. The hope of Japan’s
One of the largest cryptocurrency mining farms in Russia is expected to start operations within a month at the “Divnyi” industrial park in the city of Divnogorsk, located in the remote Krasnoyarsk region. Russia’s Mining Industry Expands East Danil Zakomolkin, general director at BitBaza, revealed the plans on the sidelines of the Krasnoyarsk Economic Forum on April 12th, according to Russian news agency TASS. He said: There will be a mining-farm, one of the largest in Russia.
Fundstrat’s Tom Lee holds his ever-so-positive sentiment on the upcoming year-end Bitcoin price, saying the largest cryptocurrency is still in a bull market, despite the 60% drop in price since the end of 2017. He also maintains that we should see it reaching a price of $25,000 by year-end. At the time of writing this article, Bitcoin trades for $8,094.54, marking a 7.09% increase in its value for the last 24 hours. The former Chief Strategist
Bitcoinist is proud to bring the Blockchain and cryptocurrency industry the second year of the exclusive Blockchaineum 2.0 conference on May 23 in Budapest, Hungary. Europe’s ‘Blockchain Without Borders’ Focusing on bringing Blockchain technology into new spheres of the global economy, Blockchaineum 2.0 will feature world-class speakers from some of both industries’ best-known companies and beyond. Organized and sponsored by Bitcoinist together with Blockchain Hub Consulting, Blockchaineum 2.0 is the largest dedicated Blockchain event in central
Serial investor and Bitcoin bull Tim Draper has delivered his 2018 Bitcoin price prediction, telling an event audience the cryptocurrency will be worth $250,000 in four years. ‘Believe It, It’s Happening’ Speaking at the 2018 Block (Chain) Party at Draper University in San Mateo, California April 12, Draper, who has a reliable record of forecasting Bitcoin prices, instructed those listening to ignore anyone who was more bearish. “I’m thinking $250,000 a bitcoin by 2022… Believe
Unless you’ve been hiding under a rock today, you’ve certainly noticed that Bitcoin is up (to say the least) — and you can probably thank Wall Street. ‘Nothing New for Bitcoin’ At 1 PM CET today, the price of Bitcoin rocketed up from just under $7000 to just over $8000 in less than one hour. It doesn’t take an expert market analyst to guess that such price action for the world’s dominant cryptocurrency the result
The Securities and Exchange Commission (SEC) has come out guns blazing in the fight to combat ICO fraud and protect small investors. As we know, cryptocurrencies stole the headlines in 2017, with Bitcoin’s biggest milestones, such as reaching an all-time high value of $20k, a definite topic of conversation around the investor dinner table. Potential investors could trade in existing cryptocurrencies, or be a part of a brand-new virtual currency by investing in a start-up’s ICO.
Zimbabwe now has a Bitcoin ATM that is providing people with another way to buy and sell Bitcoin and Litecoin. The first of its kind in the southern African country, the 2-way ATM was deployed and activated in the first week of April 2018 and follows the nation’s growing interest in cryptocurrencies. The ATM was shipped into the country by the largest cryptocurrency exchange in Zimbabwe, Golix. It has been placed at Golix’s customer support
High interest rates, as well as fees, charged from customers who’ve used their credit cards to purchase cryptocurrencies, have given merit to a full-fledged lawsuit filed against JP Morgan Chase & Co. Going Class-Action Brady Tucker claims JP Morgan Chase & Co has started treating his cryptocurrency purchases as cash advances back in January when, instead, they should have been regarded as buys. Due to this, the bank has supposedly started charging him with additional
Japan has always been a hotspot for Bitcoin, but now there’s data to prove it. World Leader Japan’s Financial Services Agency (FSA) has officially released data which proves that the country is one of the foremost leaders in the world of Bitcoin trading. According to the country’s financial watchdog, a minimum of 3.5 million people was trading digital currencies on Japan’s 17 domestic exchanges at the end of March. The data also shows that a
Bitcoin price achieved their biggest intraday rise since December 2017 April 12 after markets suddenly climbed over $1200 in just two hours. Bitcoin price: $1200 In 2 Hours In a move which startled traders used to 2018’s sideways price movements, BTC/USD passed $8000 twice before settling around $7700 at press time. Before the change, Bitcoin traded around $6800 across major exchanges. As commentators scrabble to find a motive for the sudden volatility, an narrative that
The Texas State Securities Board (TSSB) has released a report detailing some of the risks, including fraud, involved in investing in cryptocurrencies in the state. Investing can be a risky business. The are countless tales of victims losing thousands and even millions in Ponzi schemes and dodgy dealings. Even the biggest financial institutions can be guilty of shady and illegal behavior. The virtual currency sector is no different and for some investors, the cryptocurrency market
Australia moves to regulate cryptocurrency providers by putting them under the direct purview of Australian Transaction Reports and Analysis Center (AUSTRAC) – the country’s money-laundering watchdog. The changes, as reported by Reuters, are to become effective immediately. Months after AUSTRAC filed a money-laundering lawsuit against the Commonwealth Bank of Australia (CBA), regulators move to institute new registration requirements for cryptocurrency exchanges, hoping to substantially reduce the risk of cybercrime, terrorism financing, and, of course, money-laundering.
Tetras Capital founder and ex-Goldman Sachs economist Brendan Bernstein has become the latest source claiming Bitcoin will pop the ‘bubble’ of traditional finance. Bernstein: Bitcoin ‘Isn’t A Bubble’… In a series of tweets posted on April 10, Bernstein echoed the Bitcoin Foundation’s founding director Jon Matonis in decrying persisting claims Bitcoin has ever been a bubble. The comments come during the same the week that UK bank Barclays likened the rise and fall of Bitcoin
Bitcoin fees and scalability problems were all the talk just a few months ago, but since then, major moves were made towards making sure that these problems do not arise in the future. Transaction fees are now over 95% lower than the levels seen in late December 2017. Over the recent months, immense moves have been made towards reducing Bitcoin fees while making the cryptocurrency more efficient and accessible to larger parts of the public.
The wider cryptocurrency market is looking pretty green today as bullish sentiment begins to creep back into the Bitcoin charts — with some signs starting to suggest the bears are becoming exhausted. Hibernation Season? Right now, all eyes are on Bitcoin. On one hand, the world’s largest cryptocurrency by market capitalization may burst upwards and settle above $7000, signaling strength. On the other, cryptocurrency’s gold standard risks falling to a new yearly low beneath $6000
Bert Ely, an attention-seeking financial expert who has been referred to as “The King of Quotes,” has thrown some more of his stereotypical alarmist opinions in the direction of Bitcoin and other leading cryptocurrencies. This time, he’s gone so far as to claim that they have ‘no substantive or intrinsic value’ — even though they clearly do. ‘No Rational Justification’ Sometimes, it’s hard to tell if Bert Ely is serious. You may recognize the name
A group of police officers in India have been arrested for an alleged Bitcoin extortion plot where they kidnapped and beat a businessman for his cryptocurrency. It seems that crimes associated with cryptocurrency just continues to rise. Each week brings new media reports of ransomware attacks and cryptojacking. There have also been quite a few incidents of face-to-face criminal attacks over cryptocurrency, which usually ends in the police being called in. However, what to do
Months after the Facebook crypto-related advertising ban, ads are still popping up here and there, promoting an array of different Initial Coin Offerings (ICOs). It turns out that all you need to do to circumvent the full-fledged social network ban is to slightly tweak your wording. Back in January, Facebook announced that advertising cryptocurrencies, coin offerings (ICOs), as well as binary options are no longer allowed on the social network. A couple of months afterward,
European law enforcement agency Europol has taken down a criminal network allegedly using cryptocurrency to launder drug money. Tulipan Blanca On Monday, the European Union Agency for Law Enforcement Cooperation (Europol) announced that it had arrested 11 people and identified 137 suspects potentially involved in a criminal network utilizing cryptocurrencies and credit cards to launder money from illegal drug sales. According to reports, Europol’s operation has been named Tulipan Blanca was carried out by the
Bitcoin scams are common in Nigeria, but people are finding ways to avoid them. Paxful, the P2P finance platform, works overtime to help them avoid such scams. The early days of the internet were marked with the infamous Nigerian scam. In this scam, a purported “prince” or important person would send an email to a victim, claiming that they needed help to lay claim to a fortune. In return for sending personal financial information, the
Ignoring pretty much every piece of information outside of Bitcoin’s chart, Bank of America has officially announced that the greatest bubble in history is popping, but for real this time. The Greatest Bubble in History For at least the 279th time, Bitcoin is dead. As noted by Bloomberg, Bank of America’s Chief Investment Strategist Michael Harnett made the claim that the gold standard of cryptocurrency’s bubble has popped in a Sunday note. “The cryptocurrency is tracking
Bitcoin prices bounced off weekly lows Tuesday as mixed news failed to take markets closer to 2018’s floor below $6000. Bitcoin Returns To Test $7k From Below Data from across major exchanges shows Bitcoin beginning to reverse on downward selling pressure which saw prices drop $400 in around an hour April 9. At press time, BTC/USD was climbing towards $6900 as analysts eye the $7000 barrier as a critical level to hold to avoid further