Bitcoin News 

Finland to Auction 2,000 Bitcoins Seized in Silk Road-Linked Drug Busts

Finland’s government is preparing to hold its first Bitcoin auction. The Treasury Department has recommended that the government auction off the approximately 2,000 BTC it seized in connection with drug busts nearly two years ago, according to a report from Finnish-language media outlet Helsingin Sanomat. “We recommend public auction for the [sale of the] bitcoins. An auction can be used to ascertain the buyer and whether the state receives a payment. In addition, the risks associated with the handling of bitcoins will be passed on to the buyer in the…

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Bitcoin News 

Bitcoin Cash Price Leads the Market as BTC Retreats Below $10,000

The cryptocurrency market recovery finally began to stall on Friday, potentially bringing an end to the longest rally of 2018. The Bitcoin Cash price, however, continued to post double-digit percentage gains even as other coins began to trade sideways. Yesterday, the cryptocurrency market cap had reached a pinnacle of $486.5 billion, its highest point since Feb. 1. Unfortunately, the market entered Friday on a downward slope, and the cryptocurrency market cap has since declined to a present value of $471.9 billion. Bitcoin Price Dips Below $10,000 The Bitcoin price rode…

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Bitcoin News 

Bitcoin Cash Price Leads the Index as Market Recovers to $400 Billion

The cryptocurrency markets continued to advance on Thursday, but today’s returns were far more muted than the euphoric leap that greeted investors on Wednesday. The rally was largely concentrated among large-cap coins, and the Bitcoin Cash price posted far-and-away the top gains of any top-tier cryptocurrency. Altogether, the cryptocurrency market cap added approximately $11 billion, enabling it to once again climb past the $400 billion barrier. Bitcoin Price Extends Its Recovery The Bitcoin price rose for a second consecutive day, eventually reaching a present value of $8,481 on cryptocurrency exchange…

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Bitcoin News 

Fighting for Bitcoin – Is Cryptocurrency Trading a Threat to Government Policies?

The mere fact that Bitcoin is decentralized concerns governments at global scale because only a centralized system can be in full control. Mark Zuckerberg argued in a recent statement that the people once believed in the decentralized nature of technology. Over the years, they’ve lost faith because governments are now using it to manipulate the masses. “Cryptocurrency takes power from centralized systems and puts it back into the hands of its rightful owners – the people”, said Zuckerberg in a post on Facebook. Bitcoin is risky because it’s difficult to…

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Bitcoin News 

Bitcoin Price Drops 4% as Cryptocurrency Market Struggles in Recovery

The price of bitcoin has dropped by 4 percent earlier today, on January 29, as the entire cryptocurrency market struggled to recover from its previous corrections. Other major cryptocurrencies like Ethereum, Cardano, and Stellar have also fallen by small margins, in the 3 to 5 percent region. Bitcoin’s Performance The slump in the performance of bitcoin is not exclusive to bitcoin. Most of the cryptocurrencies in the market have struggled to record large gains since late December, when the valuation of the cryptocurrency market declined by more than 30 percent….

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Bitcoin News 

Indian Bitcoin Exchange Zebpay Adds Litecoin Support

On January 25, 2018, Zebpay, one of India’s most popular mobile-based cryptocurrency exchanges, announced the addition of Litecoin to its trading platform. In a blog post on its website, the company stated that the cryptocurrency is one of the several other tokens that are also scheduled to be added in the near future. Litecoin, released in October 2011 by former Google employee, Charlie Lee, was introduced as a lighter alternative to bitcoin. It is one of the oldest cryptocurrencies currently on the market and has a market cap of close…

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Bitcoin News 

UK Prime Minister Theresa May: We’ll Look into Bitcoin ‘Very Seriously’

UK Prime Minister Theresa May has said her administration will look into the use of cryptocurrencies like bitcoin after concerns of their abuse by criminals. Speaking to Bloomberg on the sidelines of the ongoing World Economic Forum in Davos, Switzerland, UK prime minister Theresa May was discussing a possible ‘clamp down’ on technology companies like Facebook and Google for not living up to their ‘social responsibilities’. Her administration was working with tech giants, who are cooperative, on issues including ‘child pornography on the net [and] the terrorist and extremist use…

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Bitcoin News 

Largest bank of Nordic region forbids its 31,000 employees from trading in Bitcoin

Nordea, the largest bank in the Nordic region, has forbidden its 31,000 employees to trade in cryptocurrencies such as Bitcoin or Ether citing high risk. The Nordic region includes Denmark, Finland, Sweden, Iceland and Norway. The company in a mail to Reuters said that the ban will be imposed from the end of the next month. “The risks are seen as too high and the protection is insufficient for both the co-workers and the bank,” a spokesperson for the bank said. The company added that the people who already own…

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Bitcoin News 

Bitcoin Will ‘Totally Collapse,” Even if it Takes 100 Years: Nobel Prize Winner

Nobel laureate Robert Shiller is fairly confident bitcoin will collapse, but he’s not quite sure when that collapse will occur. Shiller, a Yale University professor who won the Nobel Prize for Economics in 2013, told CNBC that bitcoin will likely “totally collapse and be forgotten,” although it could linger for as long as 100 years. “It reminds me of the Tulip mania in Holland in the 1640s, and so the question is did that collapse? We still pay for tulips even now and sometimes they get expensive. (Bitcoin) might totally…

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Bitcoin News 

Warren Buffett Doesn’t Understand Cryptocurrencies ‘At All’, Says Binance CEO

The interview covered a range of topics, including the situation in South Korea, Binance’s booming growth, and the exchange’s general customer demographics. Eventually, the interview veered towards a discussion of cryptocurrency’s general market trends, and interviewer Haidi Lun brought up Warren Buffet’s commentary. Changpeng, while respecting Buffet’s accomplishments and expertise in the broader market, does not think Buffet has any say in an area he knows little to nothing about: “Warren Buffett is a guy I truly respect from an investment point of view, but I do not think he…

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