Bitcoin 

Saudi Billionaire Prince Alwaleed Predicts Bitcoin Will ‘Implode’ Like Enron

As the price of bitcoin falls from its record high above $6,000, Saudi Prince and businessman Alwaleed bin Talal is making it clear: He’s in J.P. Morgan CEO Jamie Dimon’s camp when it comes to the cryptocurrency. On Monday, the billionaire predicted that bitcoin will eventually “implode” as an “Enron in the making.” The price of bitcoin dipped 4% on Monday, to about $5,800. “I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making,” Alwaleed…

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Bitcoin 

Alttradex, A Professional Grade Cryptocurrency Trading Platform, Announces ICO

A promising new player entering the cryptocurrency exchange space, Alttradex has announced its ICO will take place on the 25th of October. The state of the art platform which is heavily influenced by traditional FX platforms puts a heavy emphasis on transparency and customer support. Alttradex is built with upcoming regulations in mind and is in the latter stage of obtaining a license that would enable them to have a strong input on regulations in that jurisdiction. The cryptocurrency space is evolving at a tremendous pace and continuous development is…

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Bitcoin 

Bitcoin use grows in Philippines, regulators flex muscle

The Bangko Sentral ng Pilipinas has released guidelines on cryptocurrencies including bitcoin, as transactions involving digital coins grew, an official said. Cryptocurrency transactions have grown to $6 million daily from $2 million to $3 million a few years ago, BSP deputy director Melchor Plabasan told ANC’s On the Money. “The main objective is to balance the interests of harnessing innovation, at the same time, managing attendant risks,” Plabasan said of the central bank circular released in February, the first of its kind in Asia. Digital currencies can be used for…

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Bitcoin 

Bitcoin’s Price Peaks Past $5800 Across Global Exchanges

The price of bitcoin has finally surpassed the $5K territory after a few teases this past spring and summer. During the earlier hours of October 12, bitcoin’s market value spiked past the $5,000 range and has reached an all-time high of $5846 per BTC across popular global exchanges. Bitcoin’s pathway to $6K is within sight. The price of bitcoin (BTC/XBT) has touched a high of $5,846 as it has continued to climb in value relentlessly all day. Presently, bitcoin trade volume is strong with $3.4B in daily trade volume and…

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Bitcoin 

Goldman Sachs’ Bitcoin Desk Would Attract Mega Funds

Prayers answered or simply too good to miss? The Wall Street giant Goldman Sachs is reportedly considering a brand new operation which would be dedicated to Bitcoin trading. Well, if you are working for JP Morgan, no need to worry because if your boss fires you, another Wall Street giant would be more than happy to take you on board. Bitcoin is the reality and it doesn’t matter how bad the news flow is, traders are still very much interested. There is no doubt that Bitcoin is highly volatile and…

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Bitcoin 

Singapore regulator, OCBC, HSBC, MUFG create ‘Know Your Customer’ blockchain prototype

A consortium comprising of a Singaporean government body and a number of major banks has completed the ASEAN region’s first-ever proof-of-concept for a Know Your Customer (KYC) blockchain. The Infocomm Media Development Authority of Singapore (IMDA), the country’s information communications and media regulator, has collaborated with a number of major banks to deliver the first regional Know Your Customer (KYC) blockchain proof-of-concept. Banking giant HSBC, Japan’s largest bank – Mitsubishi UFJ Financial Group (MUFG) and OCBC Bank are all participating banks in the consortium. Using distributed ledger technology, the KYC…

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Bitcoin 

Dubai just got its first official EmCash cryptocurrency

The city of Dubai now has its own cryptocurrency, thanks to a new partnership fostered through the city’s Accelerator Initiative. This new cryptocurrency, called emCash, runs on its own blockchain and is designed for various financial transactions. FUTURE CITY, FUTURE CASH The government of the city of Dubai launched their own blockchain-based cryptocurrency last week. The city’s economy department partnered with one of its subsidiaries called Emcredit Limited and U.K.-based Object Tech Group, Ltd. to create emCash. This new “encrypted digital currency” is a product of partnerships Dubai has cultivated…

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Bitcoin 

Bitcoin could be heading to $6,000 by year-end, some experts say

Bitcoin could be heading to $6,000 by year-end Bitcoin could be heading to $6,000 by year-end, some experts say  Bitcoin could be heading to $6,000 by year-end Bitcoin could be heading to $6,000 by year-end, some experts say  19 Hours Ago | 00:52Bitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts. The cryptocurrency was trading around $4,333 on Tuesday. The third quarter has been one of the most eventful in bitcoin’s history. It…

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News 

Bitcoin Price Technical Analysis for 09/25/2017 – Reversal Pattern in Sight

Bitcoin Price Key Highlights Bitcoin price looks ready for more losses as a head and shoulders uptrend reversal pattern can be seen on the 1-hour chart. Price has yet to break below support around $3600 to signal that a selloff is in order. The chart pattern spans $3600 to $4100 so the resulting selloff could be of the same height. Bitcoin price is forming a head and shoulders reversal pattern on its short-term time frame, signaling that more losses are in the cards. Technical Indicators Signals The 100 SMA is…

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News 

Reveal Roadmap for ‘Dandelion’ Privacy Project

The developers behind a bitcoin privacy solution called Dandelion have unveiled a new roadmap that addresses previously discovered code issues. Originally launched in January, Dandelion modifies the bitcoin network’s payment protocol to conceal the original IP address behind a transaction. It does this by breaking that transaction into two parts, nicknamed the “stem” and the “fluff.” The “stem” is the single transaction itself, while the “fluff” is an obfuscation method that occurs after the fact. The proposal was originally opened up for scrutiny as a Bitcoin Improvement Protocol (BIP) back…

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