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A New Bitcoin World

The Rise and Fall of Ripple is a Case Study in Mass Hysteria

The Rise and Fall of Ripple is a Case Study in Mass HysteriaThrough late 2017 and early 2018, ripple was the darling of cryptocurrency. Mainstream media couldn’t get enough of it, South Koreans couldn’t get enough of it, and nor could crypto newcomers, who had XRP top of their shopping list. Crypto moves at a blistering pace, though, and ripple’s decline has been as rapid as its […]

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January 21, 2018 0

Autopsy of the Bitconnect Implosion: Ponzi, Centralization, Governance

Autopsy of Bitconnect: Ponzi, Centralization, GovernancePonzi lending smart bot scam Bitconnect finally did what most sane observers predicted long, long ago. It went splat. And it didn’t collapse due to government pressure, nor flurries of bad press, and certainly not from DDoS hacking attacks. The story is more of a ballad, a great object lesson, and it is the lie […]

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January 19, 2018 0

New US $65 Million Bitcoin Mining Facility is Among Largest Data Centers in North America

New US $65 Million Bitcoin Mining Facility is Among Largest Data Centers in North AmericaVirginia Beach, Virginia isn’t exactly known as a hotbed of bitcoin mining activity, but that appears to be changing, and soon. A local company has sunk 65 million USD into a giant facility, as the resort town attempts to become a hub for data centers. Also read: Have Lunch with Bitcoin Jesus in Paradise 65 Million […]

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January 18, 2018 0

Despite Regulations, One South Korean Crypto Exchange Rises to the Global Top

Despite Regulations, One South Korean Crypto Exchange Rises to the TopAmid regulatory uncertainty, South Korean cryptocurrency exchange Upbit has grown rapidly, offering 121 cryptocurrencies and over 200 trading pairs. Backed by Kakao Corp, the platform is now the largest crypto exchange by volume globally. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Upbit Tops the Chart South Korean […]

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January 17, 2018 0

Kraken Exchange Returns After Longest Downtime Since 2013

Kraken Exchange Returns After Longest Downtime Since 2013Earlier this week the San Francisco-based cryptocurrency exchange Kraken scheduled some downtime to upgrade the trading platform’s system. The upgrade for one of the world’s largest digital asset exchanges was supposed to last for only two hours, but the website remained down for well over 24 hours. Kraken is now back online and plans to […]

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January 15, 2018 0

Venezuela Urges 10 Other Countries to Adopt Its Oil-Backed Cryptocurrency

Venezuela Urges 10 Other Countries to Adopt Its Oil-Backed CryptocurrencyVenezuela’s president Nicolas Maduro has called for 10 other countries to adopt his planned oil-backed cryptocurrency, the petro. This move follows the country’s parliament declaring the issuance of this new currency illegal. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Maduro’s Proposal Maduro held a meeting of the […]

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January 14, 2018 0

Six Months Later Bitcoin Cash Support Continues to Grow

Six Months Later Bitcoin Cash Support Continues to GrowOver the past few weeks, there’s a lot going on within the bitcoin cash (BCH) ecosystem. Just recently businesses and service providers have been working towards changing their infrastructure to the new BCH address format. Additionally, the bitcoin cash environment got more support from organizations like the Bitclub Network and the merchant Kimchi Socks. Also […]

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January 14, 2018 0

Goldman Sachs Recognizes Bitcoin’s Future Potential

Goldman Sachs Recognizes Bitcoin's Future PotentialFirst, Jamie Dimon of JP Morgan Chase says he regrets calling bitcoin a fraud. Now, legacy bank Goldman Sachs is formally recognizing how cryptocurrencies such as bitcoin could act as global money. 2018 might be shaping up to be the year bitcoin gets more mainstream than ever. Also read: Huge Bitcoin Conference Stops Accepting Bitcoin […]

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January 11, 2018 0

JP Morgan’s Jamie Dimon Regrets his ”Bitcoin is a Fraud” Statement

Jamie Dimon Regrets his ”Bitcoin Is a Fraud” StatementJamie Dimon, chair of JP Morgan Chase, was once again asked about his thoughts on bitcoin. In a wide-ranging interview on FOX Business, Mr. Dimon was given a few of his notable quotes back to him, and asked to assess his present feelings. It appears he’s softened a little on the the world’s most popular […]

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January 9, 2018 0