South Korean Bill to Legalize ICOs in Pipeline

South Korean Bill to Legalize ICOs in Pipeline

Ruling Democratic Party member Hong Eui-rak and 10 other legislators have joined together to draft a bill, which if passed, would legalize initial coin offerings (ICOs) in South Korea. Since last September’s government ban, when South Korean regulators expressed “serious concern” about markets being pushed towards nonproductive speculation, there have been numerous calls for the government to […]

Putin Claims Russia Won’t Be Late in Blockchain Race

Putin Claims Russia Won't Be Late in Blockchain Race

Russian president Vladimir Putin’s economic advisor, Sergei Glazev has stated that cryptocurrency could be useful to carry out “sensitive” state activities, according to a report in UK daily, the Financial Times. At a recent meeting of Russian government officials, Glazev suggested that the adoption of digital currency by the Russian government may be a way of […]

Goldman Sachs Announces Trading of Bitcoin Futures

Goldman Sachs Announces Trading of Bitcoin Futures

Wall Street giant Goldman Sachs has announced it has plans to use its own money to trade in Bitcoin futures, after a decision by the investment bank’s board of directors, according to the New York Times. This is a major turn in direction, given the bank’s often scathing remarks about the validity of cryptocurrency. It […]

Bitcoin Price Analysis, 2 May 2018: Prices Rise to $9,250

Bitcoin Price Analysis, 2 May 2018

Bitcoin prices recovered back above USD 9,000 prices after a breach below such levels prior to today’s trading session. Notably, prices have kept rising ever since, with BTC/USD rates now looming around USD 9,250. The Day’s Signals Prices fell below USD 9,000 levels through the last trading session but have since slowly and steadily recovered. […]