Hot Topics

Advertisement

The Biggest Cryptocurrency Catastrophes Of 2017

Bitcoin is growing by the day, becoming more popular and surging in price but it hasn’t always been this way. 2017 has seen its fair share of high profile disasters when it comes to the cryptocurrency world.   Blockchain technology and cryptocurrencies do have their benefits. Most notably, it can be used as a secure method to share, store and record data transparently, and can be a very lucrative investment. However; with this, comes the risk of having huge security issues which can rear at any second and crash everything into pieces.   We take a look back over 2017 at some...

Read More
snapex banner

Vanguard Leapfrogs Cautious Banks, Unveils Blockchain Network Plan

At this current moment in time, big banks are debating how blockchain technology could be used to improve their financial services. Many are working with others to launch pilot projects. Vanguard is working with Center for Research in Security Prices and Symbiont to launch a blockchain network which aims to improve the speed and accuracy of the capital markets. The dedicated network will be created by Symbiont, and has been designed to allow investment managers to receive and process data from CRSP instantly. Other large banks are also following suit, and are developing blockchain projects on the promise of creating...

Read More

Trade volumes – where art thou…HODL

Finally, bitcoin trading has hit the Wall Street with the CBOE Global Markets launching bitcoin futures contracts on Dec. 10, while the CME Group will launch its own bitcoin futures contract on Dec. 17. So, what does this mean for the volatility of Bitcoin, which has the tendency to whipsaw 20% per day as fear and greed run like an alternating current and also, what are the implications for trading volumes? The futures market is all about risk transfer and mitigation, as opposed to wild west gambling. The problem is that unlike commodity futures, which are traded by both speculators...

Read More
snapex banner

Will Uber Soon Accept Bitcoin?

Uber has recently got a new CEO, who accepted Bitcoin payments at his last company, has led some to wonder whether he will begin to accept Bitcoin payments at Uber. If this was to happen, it could mean huge things for Bitcoin. Having a high profile company, such as Uber accepting the cryptocurrency, it would create more awareness about Bitcoin, which in turn could increase the demand, which would mean that the prices are more likely to rise. Increased awareness is not the only benefit though. Other benefits include the processing speed. Credit card payments can take up to three...

Read More

Bitcoin Is Not Stifling Gold According To Goldman Sachs

Bitcoin has really stolen the limelight this year; however, Goldman Sachs say that the meteoric rise has not stifled the demand for gold. Many investors had feared that the increasing value of Bitcoin would take the shine off gold, but Goldman Sachs say that this will not happen, as the two have very obvious differences. One example of this is that gold investors use exchange traded funds, futures or commodities indices, which are automatically covered by anti-laundering and counter-terrorist financing regulations. Analyst Jeffrey Curries said that there is very little clarity on how trading with cryptocurrencies could be made in...

Read More