Archive for August 11th, 2019

Overstock racks up losses, insists blockchain business is OK. • Crypto News 24/7

August 11, 2019 | By | Reply | 51 Readers More
Overstock racks up losses, insists blockchain business is OK. • Crypto News 24/7

US online retailer Overstock has released its Q2 2019 financial results, showing a 23% decrease in revenue and a 19% drop in gross profit. Patrick Byrne, Overstock CEO and Founder, said that blockchain subsidiary firm, tZERO, “continues to expand its lead over the competition in the field of security tokens (which we believe is the killer […]

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Naughty North Korea, India’s Bombshell, LTC Flops

August 11, 2019 | By | Reply | 32 Readers More
Naughty North Korea, India’s Bombshell, LTC Flops

U.S. Federal Reserve launching payment system, crypto bulls nonplussed The United States Federal Reserve left some crypto enthusiasts unimpressed this week when it unveiled plans to release a real-time payments and settlements service. Known as FedNow, it is hoped the infrastructure will lead to faster transactions 24 hours a day, seven days a week. Presently, […]

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Bitcoin Could Bring the Environment Hong Kong Seeks • Live Bitcoin News

August 11, 2019 | By | Reply | 55 Readers More
Bitcoin Could Bring the Environment Hong Kong Seeks • Live Bitcoin News

As the protests in Hong Kong become an even greater threat to mainland China, so do the prospects of bitcoin and cryptocurrency.  Bitcoin Has a Lot to Offer Hong Kong For the most part, China has had a very mixed relationship with cryptocurrency. Recently, the country implemented a ban of all foreign exchanges and initial […]

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University of Texas – Tether is used to provide price support and manipulate Bitcoin price. • Crypto News 24/7

August 11, 2019 | By | Reply | 61 Readers More
University of Texas – Tether is used to provide price support and manipulate Bitcoin price. • Crypto News 24/7

The recent Texas University paper investigates whether Tether, a digital currency pegged to U.S. dollars, influences Bitcoin and other cryptocurrency prices during the recent boom.   Using algorithms to analyze the blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% […]

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Only Bitcoin-inclusive investment portfolio can endure financial collapse, suggests Grayscale report

August 11, 2019 | By | Reply | 33 Readers More
Only Bitcoin-inclusive investment portfolio can endure financial collapse, suggests Grayscale report

The payment system, although permanent to our society, has witnessed a change in the definition of assets and its providers. Same can be said for today’s fiat industry that is currently being challenged by the era of cryptocurrency. While people have claimed Bitcoin’s prowess over government-issued currencies owing to numerous limitations, the ongoing U.S.-China trade […]

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Bitcoin’s Scarcity: Can It Eventually Catch Up With Gold And Silver?

August 11, 2019 | By | Reply | 33 Readers More
Bitcoin’s Scarcity: Can It Eventually Catch Up With Gold And Silver?

Bitcoin’s scarcity is one of its main characteristics. Moreover, industry experts and analysts consider that it’s among its strongest benefits. Some even consider that it will eventually allow Bitcoin to line up with other traditional scarce assets such as gold and silver.  Bitcoin’s Scarcity Scarcity is the limited availability of a commodity which is in […]

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Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop

August 11, 2019 | By | Reply | 30 Readers More
Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop

A decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing. Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain Bitcoin Mining Pools and ASICs […]

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What Do Companies’ 10-K Reports Say About DLT?

August 11, 2019 | By | Reply | 32 Readers More
What Do Companies’ 10-K Reports Say About DLT?

How seriously are American corporations committed to blockchain technologies? Are blockchain technologies materially significant yet? One place to find the answers to these questions is Form 10-K, a report the United States Securities and Exchange Commission (SEC) requires corporations to file annually. Some of the information a company is required to disclose in the 10-K […]

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FCA Submits Its Final Crypto Regulation Report • Live Bitcoin News

August 11, 2019 | By | Reply | 59 Readers More
FCA Submits Its Final Crypto Regulation Report • Live Bitcoin News

The United Kingdom has submitted the final draft of its regulatory framework regarding cryptocurrency via the Financial Conduct Authority (FCA). According to the report, not all cryptocurrencies fall under the same guidelines, as some merely classify as “exchange tokens.”  FCA Decides What to Do with Crypto However, what all crypto assets seem to have in […]

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China’s central bank announces completion of virtual currency after meticulous planning since 2014

August 11, 2019 | By | Reply | 33 Readers More
China’s central bank announces completion of virtual currency after meticulous planning since 2014

Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China [PBOC], recently announced at the third “China Finance 40 Yichun Forum”, that the development period of People’s Bank of China’s [PBOC] digital currency was near completion and it was “said to be ready.” Changchun also revealed that the Central […]

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