Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 9 November 2018

    Crypto News & Analysis November is here and many are asking when will federally regulated cryptocurrency exchanges appear within the US. One of the key reasons the Securities and Exchange Commission gave for their denial of Bitcoin based Electronically Traded Funds (ETFs) was the fact that the underlying security or asset was not listed on a federally regulated exchange. ICE, The Intercontinental Exchange that owns and operates the New York Stock Exchange, and NASDAQ, the world’s 2nd largest Exchange qualified by its market cap value of US $10…

Read More

Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 2 Nov 2018

  Crypto News & Analysis Coinbase raises US $300 million but will remain a private company. Coinbase is the most popular cryptocurrency exchange in the USA. It may also be one of the top 3 cryptocurrency exchanges in the world. There were reports and rumors that this crypto exchange would become a public entity in the next few weeks. But the President of Coinbase, Asiff Hirji says no, “There’s not going to be an IPO any time soon.”     Coinbase successfully raised $300 million through private Series E funding.…

Read More

Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 26 October 2018

Crypto News and Analysis Sony has formally announced their plans to develop a wireless crypto wallet. Sony Corp is letting the world know how serious they are about being leaders in the sale of commercial products that will be utilizing blockchain technology. Plans to build the state of the art hardware wallet is where it all begins with Sony. Hardware wallets will be where the wealth of the 21st century will be stored. And Sony wants to have a strong presence near the wealth of all cryptocurrency owners.    …

Read More

Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 19 October 2018

  Crypto News & Analysis International Business Machines (IBM) has scheduled a demonstration of their own version of a blockchain based, global transfer, rapid payment platform. They have named it ‘The Blockchain World Wire'(BWW). Unlike Ripple’s xRapid platform, IBM’s system can handle cross border transactions with any cryptocurrency as a medium of exchange. Whereas it has been reported that the xRapid system is only able to handle cross-border payments using the XRP crypto.   Capitalism doesn’t work without competition. IBM’s BWW system will ensure that the price for the service…

Read More

Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 12 October 2018

  Crypto News & Analysis Crypto crime has become an issue of mega proportions. The incidences of major crypto crimes do get reported. But the significance of their magnitude may be overlooked. Crypto criminals have been able to steal more than US $900 million in 2018. These high tech criminals have not been apprehended and are still on the loose pillaging security weaknesses involving cryptocurrency exchanges and unsuspecting crypto owners. In order to give you a better perspective, reported crypto crimes of 2017 totaled $266 million.     The crypto…

Read More

Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 5 October, 2018

  Crypto News & Analysis   A historic event has occurred in the world of cryptocurrencies. Venezuela has gone full speed ahead and has endorsed their own national cryptocurrency, the Petro. The Petro does not fit the full definition of a decentralized cryptocurrency or a stablecoin. But what it does demonstrate is the willingness of an independent sovereign nation to adopt the use of a digital currency. And that fact is huge in the evolution of cryptos.     The concept behind decentralized cryptocurrencies was initially to be free from…

Read More

Trump bans Venezuelan Cryptocurrency

On 19 March 2018, President Trump signed an executive order banning a cryptocurrency, the Petro, which was launched in February.  Venezuela intended to use the cryptocurrency in order to circumvent international sanctions, the US just put a stop to that.       “I, DONALD J. TRUMP, President of the United States of America, in order to take additional steps with respect to the national emergency declared in Executive Order 13692 of March 8, 2015, and relied upon for additional steps taken in Executive Order 13808 of August 24, 2017,…

Read More

Venezuela: Government should accept Bitcoin or else…

Nicolas Maduro, Venezuela’s president has ordered the country’s consular services, gas stations, and some other services, to accept Bitcoin and any other cryptocurrency including the nation’s own Petro.     He has also announced the launch of another cryptocurrency, this time backed with gold.   Venezuela’s oil-backed currency began its private pre-sale on February 20.   The president said: I order the payment of consular services in all embassies and consulates of the Bolivarian Republic of Venezuela in the world, [and] all consular services in the country, in the Petro…

Read More

Bitcoin adoption in Venezuela

Venezuela is famous for its beautiful tourist attractions, such as Angel Falls which is the largest waterfall in the world, and La Isla Margarita. Venezuela is one of the world’s top oil producers, its major export.  Bitcoin adoption is on the rise!   In 2015, Venezuela had over 100% inflation which was the highest in the world and the highest in the country’s history up until then.  The rate increased to nearly 500% by the end of 2016 losing 45% in November 2016 alone. Venezuela has spiraled into hyperinflation while the poverty…

Read More