Imagine this scenario. January 2013, you buy 100 Bitcoins for $1300 not thinking too much about the new cryptocurrency and the small amount of money you’ve spent.Fast forward five years and you realise your 100 Bitcoin are now worth $1.3 mln. But you have forgotten the password to...
It’s quite hard to understand what actual stance JPMorgan Chase has on Bitcoin and cryptocurrencies - given recent statements made by CEO Jamie Dimon.The multinational banking and financial services giant announced plans to launch trading of Bitcoin futures on the Chicago Mercantile Exchange (CME), but the head of...
Bitcoin’s most recent dip to a two month low has put paid to the South Korean cryptocurrency market, which has traditionally traded well above global exchange rates.During Bitcoin’s climactic bull run into December, South Korean exchanges were trading Bitcoin at prices nearly 50 percent higher than most exchanges...
The Treasury of the United kingdom has announced the launch of a cryptocurrency task force created up of the Financial institution of England (BOE) and the Fiscal Perform Authority (FCA) that will both equally regulate and assist crypto technologies, CNBC reviews today, March 22.The FCA had just...
Seven of the largest cryptocurrency companies globally have joined forces to form CryptoUK,  a first of its kind trade association, whose goal is to self-regulate within the UK crypto industry, The Telegraph reported Tuesday, Feb. 13.CryptoUK is made up of global cryptocurrency trading platforms and services Coinbase,...
The Australian Federal Law enforcement (AFP) are investigating two workers at the Bureau of Meteorology for allegedly making use of the bureau’s desktops to mine cryptocurrencies, the Australian Broadcasting Company (ABC) reports these days, March 8.The AFP appeared at the Bureau of Meteorology last 7 days, Feb....
Bank of England (BoE) governor Mark Carney called for the authorities to regulate cryptocurrencies rather than “ban them outright” in his speech to the inaugural Scottish Economics Conference in Edinburgh on March 2, as reported by Financial Times.According to Carney, cryptocurrencies do not threaten “financial stability” at...
Samsung announced a deal on Monday, Jan. 29 to manufacture ASIC mining hardware with Taiwanese manufacturer TSMC. “Mass production” of the ASIC chip has already begun in January, according to Korean news outlet The Bell.An ASIC chip, which stands for Application-Specific Integrated Circuit, is a specialized piece of...
Dr. Garrick Hileman, an economic historian at the University of Cambridge and the London School of Economics, explained in an interview with CNN that Bitcoin is nothing short of an economic miracle.Hileman stated:"Many economists dismissed it as a flawed form of money, something that could never achieve the...
Russia could consider using cryptocurrencies to trade oil. Source link