Special Report | The Cryptocurrency-Asset Bubble — World Economic Forum Davos 2018
Robinhood Financial LLC said last week it plans to let its users buy and sell digital coins without fees starting in February.
Bitcoin prices and the value of other cryptocurrencies dropped on Friday as Tokyo-based Coincheck Inc., revealed that some $530 million in digital assets had been stolen, eliciting shades of the Mt. Gox hack back in 2014.
Sourced through Scoop.it from: twitter.com
The world’s big financial institutions are wrestling with a cryptocurrency dilemma: whether to stand by and denounce a technology many distrust but also fear — or join those investing in it.
After a surge in the combined market value of cryptocurrencies from less than $20bn to more than $540bn, the phenomenon — and the blockchain technology that underpins it — has become impossible for the financial establishment to ignore, despite its denunciations of bitcoin in p
Authorities across the world are either opening their doors to crypto or shutting them. Exchanges want to keep up with this fast-paced ecosystem and seek out favorable nations and markets. Japan is a known haven for crypto and Tokyo exchange BitFlyer has recently obtained approval to operate in Europe.
Just like a hiker hoofing up and down across a jagged mountain range, anyone who follows the price of Bitcoin is probably getting pretty tired. From a high of over $19,000 in December of last year to around $10,000 today, the price has been changing so quickly that any news coverage of it is quickly out of date.
Bitcoin and other major digital currencies dropped sharply Monday morning.
Bitcoin briefly tumbled to a low near $10,050 on Coinbase Monday afternoon ET, marking a loss of about 11 percent over the last 24 hours. Bitcoin traded near $10,192 as of 4:28 p.m. on Coinbase, the leading U.S. marketplace for buying and selling major digital currencies.
Ethereum fell below the psychologically key $1,000 level again and traded about 10 percent lower near $943, according to CoinMarketCap.
CEO of Xapo and board member of Pay Pal, Wencess Casares alongside with CEO of PayPal, Dan Schuman showed up for a Facebook Live interview on 12th January 2018. Casares laid out his vision of having a single, robust Blockchain to handle all cryptocurrency transactions globally. And he believes it is the blockchain for Bitcoin that will take up this task. Additionally, he sees that Bitcoin will be an apolitical standard of value.
Cryptocurrency bag holders often boast that their network transaction speeds are faster than mainstream payment methods, such as Visa or Paypal. As cryptocurrencies continue to rise in popularity, it will be important to determine which blockchain payment networks could eventually become the “new Visa.” While both sides continue to debate their arguments, we jumped through the hard data and created a unique visual to highlight transaction speeds across several different payment networks.