Exchanges

The mother of all bubbles no one talks about

Guest post by Andrea Bianconi The meteoric rise of Bitcoin in 2017 is by almost everyone dismissed as a bubble. But it is not the only one. In a world where stocks, bonds, objects of art, classic cars and real estate are also at record highs, an investor should ask himself a very important question. Why? Why we have this bubble across all asset classes simultaneously? Could it be that this is just a sign? But a sign of what? One answer is “The most worrying sign of the implosion of the current monetary system awash with debt and credit creation“. As dramatic as it may sound – and likely be – there are lots of signs for the attentive investor to notice. Investing with a medium to long term horizon is all about looking at the big picture, at geopolitical shifts which ...

IRS succeeds compelling crypto exchange

As Bitcoin surged in value throughout 2017, it was shadowed by an equally volatile regulatory regime covering virtual currencies. Now that Bitcoin has entered the mainstream of finance, and the world’s biggest cryptocurrency, Coinbase, is the top selling Apple free app, regulators in the US have belatedly been attempting to work out how to ensure that cryptocurrencies and their users can be brought into the existing legal framework. Though some government departments, such as the Securities and Exchange Commission, have taken a gradual approach to regulation by putting out guidance for cryptocurrency traders, others, such as the Internal Revenue Service (IRS), have taken a different route and have opted to begin enforcement action. Those enforcement measures were recently put in the spotli...

Users annoyed at Coinbase delay

With cryptocurrencies like Bitcoin supposedly on the cutting edge of the financial revolution, it can be frustrating to suffer worse service and performance than you did under existing financial systems. And yet, this is exactly what’s happening right now with major cryptocurrency exchanges across the globe. San Francisco-based Coinbase, perhaps the most famous cryptocurrency exchange in the world, has experienced a number of disruptions that have affected its everyday business operations. The company’s own status page has admitted that it currently faces delays with ID verification, as well as wire processing and transaction. Coinbase has also reported that its users have experienced degraded levels of performance both for Ethereum (ETH) and Bitcoin (BTC). Who is to blame for these proble...

Where And How To Buy Bitcoin And Altcoins

If you are interested in investing in Bitcoin, and other virtual currencies, it can often be very difficult to know where to go, and how to buy them. We will take a closer look at the different ways in which you can purchase Bitcoin and then how you can convert them into Altcoins. Before you do anything, it is important to know what Bitcoin is being needed and where it is. To do this, you can use a service called CoinMarket Cap. This lets you easily see where all of the trading is being done. You can use any exchange anywhere in the world as long as they will let you sign up, even if this is not your own currency. Once you have found where it is that you want to purchase them from, you will then need to know how to convert your USD into Bitcoin. Paxful lets you buy bitcoins quickly and ano...

The clash of cultures…

It is said that for a German and a Finn, the truth is the truth, in Japan and Britain it is all right if it doesn’t rock the boat, in China there is no absolute truth, while in Italy it is negotiable. Culture clash occurs when a large number of people with similar values are confronted by another group with different values. This is exactly what is happening in crypto community at the moment as more and more people contribute to the growth of various coins, partake in ICOs and not to forget trade coins via exchanges. What was once seen as a gimmick and a far-fetched dream, the decentralised nature of digital currencies is finally making inroads into the mainstream. Despite the rapid “popularisation” of blockchain, which for the majority of mainstream population occurred largely over the co...

From the Las Vegas strip to blockchain code. SP8DE ICO is coming…

Seasons come and go, political parties swap places and now and again, a technological breakthrough changes how we see the world we live in. The world stands on the brink of a technological revolution that will fundamentally change the way we live, work, and relate to one another. The Fourth Industrial Revolution is building on the Third, the digital revolution that started in the middle of the last century and to a large degree is set to be characterized by decentralisation. The power of blockchain has already proved its worth in a number of industries and despite the initial scepticism, it only continues to build on the adoption rate. From fintech to biotech, the technology has revolutionised the industry it laid eyes on. Just like anything else, the gambling and betting industry underwen...

From “BowieBonds” to CelebrityTokens

Securitisation and celebrity bonds are a novel idea. David Bowie was a pop music icon to many, but how many people know he was also involved in innovation in the world of finance? Back in the mid-1990s, David Bowie, along with his financial manager Bill Zysblat, and banker David Pullman came up with a new structure to generate cash from Bowie’s extensive catalogue. The structure, dubbed “Bowie bonds”, awarded investors a share in his future royalties for 10 years. Late last year, the start-up called Royalty Flow, filed an offering at the Securities and Exchange Commission (SEC), outlining plans for a “mini-IPO”. Royalty Flow was selling a little more than 3.3 million shares to the public for $15 each, with a minimum investment of $2,250 and was to use the proceeds from th...

Why Ripple Is The Hottest Cryptocurrency Right Now!

Bitcoin might have some new competition, in the form of new cryptocurrency Ripple. Ripple is different to most other forms of virtual currency, and it is fast becoming the hot currency at the moment. We take a look at why. Ripple is completely different to other forms of currency because it cannot be mined, and it cannot be used to go shopping in the same way that others can. It is operated by a private company, and it is much smaller than the likes of Bitcoin. This has not stopped it from soaring in price by a whopping 29,000 percent in the past 12 months. Ripple is a token, that has been created and backed by the company Ripple Labs. It is a more centralised cryptocurrency, and is very different to others. Most cryptocurrencies, including Bitcoin exist for the purpose of existing as digi...

India Have Launched Their First Bitcoin Trading App

Bitcoin has had its fair share of highs and lows over the recent months, and it is apparent that the last week, it has been in the headlines for all of the wrong reasons. After the huge price boom, where Bitcoin reached an all-time high it then hit the headlines after the price, as many professionals predicted once again came crashing back down again. So, good news was needed, and this came from New Delhi, who announced that cryptocurrency dealer Pluto Exchange would be launching India’s first mobile application for transacting in the virtual currency.   The founder and Chief Executive of Pluto Exchange, Bharat Verma said the company is ready to go and will present the country’s first ever app based wallet that will allow people to make Bitcoin transactions using just their mobile number. ...

Uber got what it deserved, “Block-Uber” is the future

Today’s EU Supreme Court of Justice’s decision on Uber is likely to spark diverging opinions.  But fact is that the decision is legally sound.  Uber also fully expected that and had already started complying with regulations applicable to Taxi services in most European countries. This puts Uber back to where it should have been since its beginning, a “smart app Taxi company” which should comply with applicable regulations like all the others. Although the decision has yet to be published on the web site of the ECJ (1), the legal grounds were already set in the Advocate General’s Opinion released in May 2017 (2). Basically, the issue was to decide whether the services offered by Uber would be considered ‘information society services’ – and therefore benefit fro...

Man places huge bet on Bitcoin hitting $50,000 next year.

Despite popular belief, the Cboe and CME were not the first exchanges to offer the trading and clearing of Bitcoin derivatives in the US. LedgerX was the first company to do this, after receiving permission from the CFTC over the summer to produce the first SEF (swap execution facility) allowing it to clear trades of bitcoin-focused options. Despite trading on LedgerX being more subdued than larger exchanges (during its first week LedgerX recorded only $1 million in trading volume) some investors are using the platform to place huge bets on out-of-the-money options. Data released by LedgerX on Wednesday showed that one anonymous trader bought $1 million in options which will only pay off if the price of Bitcoin leaps above $50,000 next year. Wall Street Journal said this: “Daily trading re...

North Korea Is Making Money Hacking Cryptocurrency Exchanges

It has emerged that North Korean hackers have made millions in various cryptocurrencies in recent weeks, thanks to a series of successful cyberattacks. Reuters reported that even more attacks from North Korea are to be expected, as international sanctions force the country to find new ways to make money. The government has been blamed already for the WannaCry virus, which was responsible for infecting hundreds of thousands of computers in the Spring. This was widespread, with the effects being felt in 150 countries. Although the exact reason behind these attack is unclear, it is thought that Bitcoin hitting new price highs has been an incredibly enticing target for the hackers. South Korea researchers have also informed Reuters that recent attacks on Bithumb, Coinis and Youbit were the wor...