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Tom Lee Says HODL Bitcoin As Year-end Target Stays at $25,000

Tom Lee Says HODL Bitcoin As Year-end Target Stays at $25,000

Bitcoin proponent and former chief equity strategist at JPMorgan Chase & Co. Tom Lee, has recently encouraged Bitcoin traders to hold their coins despite its loss of 40% value so far this year. Lee’s experience as a stock analyst has given him heightened insight into the current market slump Bitcoin is experiencing. In a note written by Lee on 28 March, he …


Beyond Speculation: Where Bitcoin Derives Value From

Bitcoin Value

When Bitcoin appeared, not many people were ready to recognize the true value a decentralized solution to cash could bring. It took years until the technology was met with recognizable levels of adoption and its creator(s) vanished shortly after Bitcoin began receiving significant mentions from major media, but that’s another story. Bitcoin’s roots The vision Bitcoin created and the road …


Intel Pursues Patent for Bitcoin Mining Hardware Accelerator

Intel Pursues Patent for Bitcoin Mining Hardware Accelerator

Leading tech firm Intel is looking to patent a hardware development that would accelerate the process of Bitcoin mining chips, as revealed in recently published documents. Accelerating Bitcoin mining The application for the patent was submitted to the US Patent and Trademark Office in September 2016, with the details made publicly available on 29 March 2018. The formal request seeks to …


Employees of Cryptocurrency Companies Take Bitcoin Salary Share

Bitcoin

With the popularity of cryptocurrency on the rise, company employees working at startups such as Coinbase and Bitpay are happy to receive much of their salaries in Bitcoin. Amongst cryptocurrency companies, payroll systems vary as to how they decide to pay their staff but frequently employees are offered to opt into systems where they can select their pay preferences and decide …


Cryptocurrencies and Gun Crime in Canada

GUNS, CRYPTO, DARKWEB, DARKNET, DEEP WEB,

In a recent post in The Canadian Press, police warned that criminals are using the underside of the internet, unknown to the average user, to facilitate gun crime, drugs, malware and stolen data. As purchases were facilitated by hard-to-track cryptocurrency, the Trudeau government is insistent on tightening laws on so-called dark web use. Law enforcement has made many significant movements …


“Bitcoin Has Matured”: Meni Rosenfeld On Bitcoin In Israel

Chairman of the Israeli Bitcoin Association (IBA) Meni Rosenfeld said that “Bitcoin has matured” during an interview at the Blockchain & Bitcoin Conference in Israel. He discussed the progress of bitcoin in Israel, and his role in its progression. Meni’s role in the IBA Meni was questioned on his role as chair of the IBA, and the goals the association hopes to achieve. …


Bitcoin Price Analysis, 28th March 2018: Resistance at $8000 Amid Increased Volatility

Bitcoin Price Analysis, 15th May 2018: BTC/USD Markets Volatile Above $8,000

Not much positive progress is to be observed in BTC/USD markets over the last few days. With breaches that are continuing to push prices to new lows, Bitcoin price is now pressured around USD 8,000. The day’s signals Uncertainty continues being a core element of Bitcoin markets with volatility now also increasing. While trading volumes are met with a slight …


Chilean Crypto Exchanges Face Possible Bank Suspension

Despite the generally liberal economic policies of Chile, two cryptocurrency trading platforms claim that they face bank suspensions because of their digital currency holdings. Buda.com and CryptoMKT Although it initially appears at odds with the country’s current open stance on cryptocurrencies, the Chilean exchanges, Buda.com and CryptoMKT stand by their allegation. The two platforms detailed the incident in an advertisement in the La …


India’s Biggest Tax Filing Platform Helps Crypto Investors: Is It Enough?

India tax

India’s largest tax filing platform, Cleartax, is attempting to simplify the country’s currently complex tax policies regarding cryptocurrency. Having the legal framework to tax virtual currency revenue in an accessible way for cryptocurrency investors is fundamental to the ongoing process of legitimizing the currencies in the mainstream. Regulations? One of the factors preventing a more widescale adoption of cryptocurrencies is the …


Danske Bank Advises Investors to Refrain From Crypto

Danske Bank Advises Investors to Refrain From Crypto

Danske Bank has released a statement on their website setting out its policy of “a negative position towards cryptocurrencies”. It is advising its customers to refrain from such investments. The global Nordic bank, which serves over five million customers in northern Europe, is the biggest bank in Denmark. It made headlines earlier this week by banning cryptocurrencies like Bitcoin across all …


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