Last month’s much spoken hard fork has seen Bitcoin price rally to reach new all time high of $5000. Let’s try to understand the possible reasons behind the rally and the future prospects for Bitcoin and Bitcoin Cash – forked version of Bitcoin.
Ending a range of downturns Bitcoin recovers, despite Ray Dalio, Bridgewater Associates’ founder, calls it “a bubble”, and Jamie Dimon, CEO of J.P. Morgan, recently declared it a “fraud”.
The founder of ethereum blockchain believes the network has the potential to rival such giant financial companies as Visa in the next couple of years.
The new alliance will bring merchants the possibility to accept payments in the form of bitcoins.
Indian authorities are discussing the proposal to set up state-cryptocurrency ‘Lakshmi’ based on blockchain technology and backed by the Reserve Bank of India (RBI).
OkCoin and Huobi are to stop all trading services for local customers till the end of October putting an end to crypto exchange markets in any form in China.
BTC-e trading platform announced its official rebranding and the new exchange domain Wex.nz on September 15. In its welcome statement the company shares the details of the reopening assuring they are fully AML/KYC compliant.
The public often feels somewhat split about the new advances in technology – they can be both exciting and daunting. Some inventions enter the mainstream almost overnight, and for others, it takes time to adjust and adopt. One example of such harder to comprehend innovations can be seen in the phenomenon of cryptocurrencies and their rise as a medium of exchange.
Chineese authorities have ordered domestic Bitcoin exchanges to cease trading and immediately notify users of their closure.
Charlie Lee claims that OKCoin and Huobi are meeting regulators today. Whether this would make the two exchanges follow BTCC’s decision to halt trading remains unknown.
The first of China’s bitcoin exchanges BTCChina (BTCC) has announced its shutting down the domestic cryptocurrency trading at the end of September. The recently appeared rumors that China is going to ban all domestic cryptocurrency exchanges are becoming reality.
John McAfee on Wednesday challenged J.P. Morgan CEO Jamie Dimon’s skeptic statement about bitcoin.
J.P. Morgan chief compares bitcoin rally with the tulip bubble while the US has more debt than any point in its history. The amount owed shoots past $20 trillion.