Category: Bitcoin

Bitcoin, Ethereum, Altcoins, Mining, Trading & more

Bitcoin price in free fall as cryptocurrency plunges past seven-month low

On the 13th of June, 2018, Bitcoin prices faced a great downfall of $400 in just about few hours, which made the prices of Bitcoin below $6,500. With this, the Bitcoin prices had hit a seven month low. In the previous week of the same month, the prices of Bitcoin crashed due to the hack…
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Venezuela: Record Bitcoin buying spree continues amid hyperinflation

Hyperinflation is currently uncontrollable in Venezuela as the volume of bitcoin trading hits new records each week. While the authorities wonder how to rein in the burgeoning, albeit underground industry, like ways to crackdown on the importation of cryptocurrency mining equipment. What’s the exact scenario in Venezuela? Venezuela was one of the first nations which…
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‘SWIFT is Expensive’: Major Philippine Bank Taps IBM for Japan Blockchain Remittance

One of the Philippines’ top 10 banks by assets – RCBC (Rizal Commercial Banking Corporation), has announced on the 21st of June about an upcoming remittance payments service from Japan by using the blockchain technology. More details about the announcement  The RCBC’s senior vice president, Manny T. Narcisco spoke to the BusinessWorld about the blockchain…
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This credit card will offer rewards in bitcoin — and has 2,000 people on the waiting list

Who doesn’t like rewards? Obviously, almost everyone likes rewards either in the form of points, cash or travel rewards. But what if you received Bitcoins or basically cryptocurrencies instead of rewards? Thomas Harrison is planning on doing exactly that with a new credit card known as – Blockrize. Thomas is basically a 25-year-old entrepreneur in…
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India to Embark on Nationwide Blockchain Infrastructure Platform: Report

The NITI Aayog (National Institute of Transforming India) is India’s primary policy institute and it is also considered as the Indian government’s think tank. On the 21st of June, 2018, NITI Aayog reported to launch a nationwide blockchain infrastructure known as IndiaChain. What exactly was the report? The announcement was reported by FactorDaily, and it…
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C-suite executives of Bitcoin.com join advisory board of new fintech startup

CEO Roger Ver and COO Mate Tokay from Bitcoin.com have now come on the advisory board of MoneyToken, a fintech start up. This news was reported by MoneyToken’s announcement. Not only are the C-suite executives an active board member on MoneyToken, but the two organisations are also business partners. This partnership is said to bring…
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Bitcoin Price Rebounds to $6,700, Market Adds $8 Billion in Recovery Bithumb Hack

Bithumb, which is South Korea’s largest cryptocurrency exchange was hacked on the 20th of June, 2018. This lead to over $10 billion to be erased from the crypto market. But within just 24 hours, i.e. on 21st of June, 2018, the crypto market added about $8 billion to its valuation after the small gain by…
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Bitcoin Is the New Gold

  As mentioned time and again, Cryptocurrencies, especially Bitcoin, is turning out to be more and more valuable as the days go by. In fact, many believe that it has turned out to be more like ‘New Gold’ than a normal currency. Many companies have has ended their Bitcoin support due to various reasons. One…
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U.S. Department of Justice set to probe suspected Bitcoin price manipulation

  Usually, we spoke about the various crypto-activities that affected the cryptocurrency users. But it is also necessary to see the various manipulations that take place with respect to the Bitcoin practices. Few unconfirmed news reports say that the United States (DOJ) Department of Justice had urged an investigation against the suspects who were apparently…
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Square Cash App Gets Bitcoin Trading License In New York

  On the 18th of June, 2018, Twitter’s Payment Processing Company known as Square had officially announced on their Twitter account about their New York BitLicense achievement. Jack Dorsey, who is the CEO of Twitter, also owns this company which is referred to as the Cash App. What exactly was mentioned in their announcement? New…
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