Bitcoin is a Bubble

Many have had their say over the past couple of weeks.  From Jamie Dimon (JP Morgan) slating Bitcoin and calling it a “FRAUD” to James Gorman, CEO of Morgan Stanley, recognizing that Bitcoin is “more than just a fad.”  Now Mike Novogratz, ex-hedge fund manager, formerly of the investment firm Fortress Investment Group says Bitcoin is the largest bubble we will see in our lifetimes.   An excerpt from Bloomberg article “A Crypto Fund King Says Bitcoin Will Be the Biggest Bubble Ever” “Remember, bubbles happen around things that fundamentally change…

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Another Bitcoin in the making?

Bitcoin, Bitcoin Cash and now Bitcoin Gold? Is this really happening? Interesting to note that a number of developers believe there will be more hard forks in the future which will create another “Bitcoin”.   Details are still a bit unclear, however, we are sure to hear more about this developing story.  Let’s keep our eyes on this.   Read in more detail here  Collect your FREE PDF – The Bitcoin Believers Business Manifesto Please leave your questions and comments below: What is EOT?  Learn more by clicking on the…

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Cryptocurrencies are not all equal

Bitcoin is most certainly the ’Big Daddy’ of crypto, being the first to market and now with a proven store of value and resilience.  Bitcoin’s value has increased by over 30,000% since creation in 2008 and has taken some heat from governments, regulators, central and commercial banks as they become aware that cryptocurrency cannot be ignored.   The success of Bitcoin has prompted more development of alternative cryptocurrencies, some very similar to others and some with specific use cases. The rise in value and adoption of certain altcoins have shown…

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The Great Bitcoin China Showdown

China has banned ICO’s and Bitcoin trading is next – Exchanges have been ordered to shut down their Chinese operations. This sudden development begs some questions:- Will Bitcoin mining be affected? Will compliant exchanges reopen with stricter rules and regulations? Is China developing a sovereign digital currency?   Bitcoin is proving to be resilient … once again.       Smartphones are coming to a blockchain near you, Futuretech on BitVault – Click here to listen     Collect your FREE PDF – The Bitcoin Believers Business Manifesto Please leave…

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Bitcoin News 29 August 2017 – SEC Clamping Down on ICO’s

Bitcoin News today leads with the news that The U.S. Securities and Exchange Commission (SEC) issued a warning about companies making Initial Coin Offering (ICO) claims, market manipulation as well as “pump and dump” schemes. The number of ICO’s has rapidly escalated during 2017 and this has piqued the interest of regulators from China to the USA.       In other News Headlines:-   Saxo Bank – A Denmark-based multi-asset and trading institution just added exchange-traded notes for Bitcoin. The bank recently stated they are allowing clients to gain…

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Bitcoin and Altcoins: Blockfolio App Review – Thumbs Up!

What is Blockfolio? According to the website, Blockfolio is a Bitcoin and Altcoin Portfolio where they “offer a complete cryptocurrency management, with easy to use tools to keep track of all your cryptocurrency investments. Get detailed price and market information for individual currencies and your entire portfolio all in one place”   With features such as Charts and Price notifications in various currencies such as USD, CNY, EUR, GBP, AUD, CAD, SEK, BRL, and others, downloading the Blockfolion is a must!   Also, a great way to track a new…

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BREAKING NEWS – Cryptodoc to Embrace EOT

Embedded Downloads Ltd. announced today the launch of a new encryption application, “Cryptodoc”     What is Cryptodoc?   According to the company, “Cryptodoc” is an application that will run on any home computer, laptop, smartphone or tablet.   The application will provide the user the ability to encrypt any document file as well as spreadsheets and presentations. These documents can then be stored safely on the user’s computer or device and can only be decrypted by the application with the user’s private key.   Blockchain encryption   The real…

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Bitcoin News 22 August 2017 – Credit Suisse leads Banks for Blockchain-based Syndicated Loans

Bitcoin News today with the leading story being Credit Suisse leading a group of banks in the launch of a commercial platform for blockchain-based syndicated loans. Credit Suisse believes blockchain technology can reduce barriers between counterparts as well as reduce time and cost by using smart contracts.   Emmanuel Aidoo, who leads Credit Suisse’s blockchain said “We are working to put a few dozen smaller loan transactions, where we or other participating banks are the agent, onto a distributed ledger platform using smart contracts in production next year.”   Banks…

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Bitcoin News 18 August 2017 – Investors Globally Looking to Bitcoin

Bitcoin News Today and leading story for the day is the announcement that Fisco, a Japanese financial information company, announced that they have issued a Bitcoin bond. Since the Japanese made Bitcoin legal tenders in April 2017 much progress has been made in terms of adoption of the digital asset. A Bitcoin-backed bond would allow large institutions to store value and be more accepting of Bitcoin.   Digital Assets are getting closer to traditional investments. Just recently, it was reported that Bitcoin options, futures and an exchange-traded fund that track…

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Bitcoin Setting New Highs over $4000 Fueled by Japanese Demand

The Bitcoin price has soared to new highs over $4000 and ramping up to $4183 on Cryptocompare. Many are questioning what the reasons for this surge in price. According to reports below, the Japanese Yen is the highest traded Bitcoin volume at this time.   This comes as no surprise.  In a bold step forward into the digital economy, Japan made Bitcoin a legal payment system on 1 April 2017, and since then there has been significant Institutional, Investor, Consumer and Merchant adoption.   The legality of Bitcoin and adoption…

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