Hong Kong Bitcoin Businesses are Frozen Out of Banking

Hong Kong legacy banking outlets are making it difficult, if not impossible, for bitcoin-related businesses to run smoothly. Reports from the Chinese region include denial of accounts, freezing existing accounts, and long waits for approval — all without explicit reason.  Also read: Life After China’s Exchange Ban – an Interview with Hong Kong-based Binance CEO[…]

Markets Update: Traders Seek New Positions Waiting for the Next Price Swings

Bitcoin markets have been hovering around some new price territories recently, as the currency reached a few all-time highs over the past 72-hours. BTC reached a top of $7,997 on the popular exchange Bitstamp, and has come awfully close to $8,000 throughout many other trading platforms. Cryptocurrency enthusiasts are steadily waiting for bitcoin to surpass[…]

The Satoshi Revolution – Chapter 2: Satoshi’s White Paper Breaks Your Economic Chains (Part 5)

The Satoshi Revolution: A Revolution of Rising Expectations. Section 1 : The Trusted Third Party Problem Chapter 2: Monetary Theory by Wendy McElroy Satoshi’s White Paper Breaks Your Economic Chains (Chapter 2, Part 5) I think that the Internet is going to be one of the major forces for reducing the role of government. The[…]

Bitcoin Conversation Volume Beats Talk of Facebook, Apple, Netflix, Google

While eggs must always first give way to chickens, in the case of Twitter discussion volume and bitcoin price rising things aren’t exactly clear. Did the decentralized currency’s massive value increase drive Tweets? Or, did the Twitterverse push ever-upward the world’s most popular cryptocurrency, bitcoin? Also read: Initial Troll Offering Fires Back at Wall Street with[…]

Norwegians Develop a Thirst for Bitcoin Cash

Oslo Bitcoin Meetup, an annual gathering of like-minded cryptocurrency enthusiasts, has announced a name change. The group shall henceforth be known as Oslo Bitcoin Cash Meetup to reflect its founders’ newfound appreciation for the revitalized bitcoin fork. The fourth meetup of the Norwegian group will take place on November 24th under the BCH banner. The[…]

China’s Central Television Warns of the Risks of Cryptocurrency OTC Trade

Ever felt curious how Chinese trade cryptocurrency exchanges are closed? Last Saturday November 11, China’s Central Television (CCTV-13) aired a program about bitcoin over the counter trading in the country. Also Read: China Monitors Booming OTC Bitcoin Market After Shutting Down Exchanges OTC Bitcoin Commercials Clustering Wechat Groups The program reveals that advertisements about cryptocurrency OTC[…]

Putin Advisor Bearish on Bitcoin: ”The Cryptoruble Must Compete With Cash”

Russia’s deputy finance minister has suggested that the name of the country’s national cryptocurrency should be changed from “cryptoruble” to “cyber-ruble”.  He is expecting “a large-scale correction” of bitcoin’s price and hopes to see a decline in interest in the cryptocurrency. Meanwhile, the first proposal for the cryptoruble has been submitted. Also read: Bitcoin-Based Ethereum Rival[…]

The Biggest Obstacle to Bitcoin Scaling Isn’t Technical – It’s Political

Bitcoin is accustomed to taking flak from non-believers. It’s been declared dead more times than most people care to count, and will continue to be written off long after dissenting CEOs have conceded defeat and quietly bought BTC. The latest group to take potshots at bitcoin aren’t external actors with little understanding of the protocol,[…]

Supreme Court of India Issues Notice to Reserve Bank Seeking Regulation of Bitcoin

The Supreme Court of India issued a notice on 13 November 2017 to the nation’s central bank and related financial ministries to hasten their regulatory mechanisms with regard to bitcoin. Concerns about cryptocurrency’s lack of central control and potential use for money laundering have sounded alarms throughout the country’s bureaucracies.  Also read: India Central Banker Doubles-Down[…]