The cryptocurrency ecosystem is currently going through a red day as most top cryptocurrencies are currently taking a hit, with some dropping over 20% in the last 24-hour period. The cause behind the massive downswing is, at press time, unclear.

Tommy Robinson, a British far-right figurehead, has reportedly been banned from using PayPal. The reasons behind the ban are not specified, but the payment processor has already issued a statement, outlining...

Nicholas Merten, the founder of DataDash, the largest cryptocurrency Youtube channel with over 316,000 subscribers, recently noted that crypto will have “four major cycles” including the “Silk Road phase” from 2011-2013, the “retail speculation” phase from 2016-2017, the “institutional speculation” phase from 2019-2020, and finally the “crypto replaces fiat” phase from 2020-2030. According to Merten, blockchain technology and cryptocurrencies will “reshape the way we think about trust and money.”

A former Bitcoin tycoon who served a year in prison for his role facilitating transactions on the Silk Road digital drug bazaar is being sued by none other than the Winklevoss twins, the HarvardConnection creators famous for suing Mark Zuckerberg for allegedly stealing the idea for Facebook from them.

After a week of mixed and choppy trading action, the cryptocurrency markets are now seeing a widespread, albeit relatively minor, drop, stemming from Bitcoin’s decline into the $6,300 region after it failed to stabilize above $6,500 a couple of days ago. At the time of writing, Bitcoin (BTC) is trading at just under $6,400 and isn’t showing any signs of wanting to drop to the bottom of its long-established trading range between $6,200 and $6,700.

A man spent millions on an enormous plot of land near Reno. Now he wants to build a community based on the blockchain technology introduced by Bitcoin.

"Bitcoin is turning ten, and like many of us, I feel like a proud parent, having watched it grow into its potential over the years. I guess I’m the estranged father in prison though, who can’t be there to help raise his kid."

Despite the CEO’s negative outlook on bitcoin, JP Morgan is still investing time and money into related technology

For the past few years, cryptocurrency networks like bitcoin have gained a reputation as energy hogs, eliciting headlines comparing their energy consumption to that of mid-sized countries. Now, a new analysis shows mining bitcoin uses more energy, dollar for dollar, than mining gold. “It was definitely surprising,” environmental engineer Max Krause said of his findings, published today in the journal Nature Sustainability.

ConsenSys CEO Joseph Lubin said that his firm is interested in “promoting the [Ethereum] ecosystem” rather than “controlling it.” Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar way to the web, citing its exponential growth with “hundreds of projects that are already practical for humans” to date.

Serial cryptocurrency investor and billionaire Tim Draper has said his Bitcoin price prediction of $250,000 by 2022 is “absolutely solid.” Draper: Serial cryptocurrency investor and billionaire Tim Draper has said his BTC price prediction of $250,000 by 2022 is “absolutely solid.”

Japan’s primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges. The Financial Services Agency (FSA) on Wednesday approved the Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed domestic cryptocurrency exchanges, to become a ‘certified fund settlement business association.’

In an earlier post, we had explored the possibility of the electric car company of Tesla accepting Bitcoin (BTC) and other cryptocurrencies as a way for customers to purchase the revolutionary eco-friendly vehicles. We had also observed that Bitcoin energy consumption had not been properly analyzed and compared to the entire spectrum of traditional banking and financial activities.

As reported by the trusted news source in China, CnLedger, the country’s merchants can legally accept cryptocurrency as payment. According to reports by the Shenzhen Court of International Arbitration, Bitcoin is now officially recognized property, which allows individuals as well as businesses to transfer and own BTC without conflicting with current financial regulatory protocol. Circulation … Continue reading "Chinese Merchants Are Legally Able to Accept Bitcoin & Cryptocurrency"

The idea of Bitcoin is pure genius. But, people are still confused about it. Some know what it is, while some are still struggling to ask the simplest questions with fear that they might look silly. Questions can be silly and that’s completely okay! We don’t judge! In fact silly questions can be quite enlightening for everyone and make you look at things at a deeper level. So, we present you with the most silly questions asked by people.

Bitcoin's white paper solving the double-spend problem in the digital world makes near real-time commerce possible across the entire planet.

Securing crypto tokens hasn’t always been a smooth affair, and it gets even harder when matters of inheritance are concerned. A crypto is basically a virtual currency that’s been coded and protected with strong encryption protocols. As is the case with Bitcoin and others, these encryptions are impossible to crack.

The birthing of Bitcoin and other cryptocurrencies has unleashed the next wave of innovation in the technology and fintech sectors but we are not quite there…yet. Bitcoin has just turned 10 years old. 10 years have elapsed since the 2008 financial crisis took hold of the global financial system. Satoshi had indicated that the genesis block and the birth of Bitcoin was a result of people’s loss of faith in the current financial system and the status quo.

Given the steep rise in the value and popularity of cryptocurrencies over the past few years, we’ve witnessed a massive increase in the number…

Years after the Mt. Gox hack, people are still asking Mark Karpeles for their bitcoin back.

A man in China has been sentenced to three and a half years in prison after stealing electricity from a train network in order to mine bitcoin. Xu Xinghua from Shanxi province pleaded guilty to stealing 104,000 yuan (£11,300), which was used to mine 3.2 bitcoins. At the current price of bitcoin, Mr Xinghua's bounty would be worth around £15,000, however at bitcoin's peak, it would have been worth close to £48,000.

The US Marshals Service has announced an upcoming auction for over $4 million worth of bitcoin seized during various legal proceedings. The sealed bid auction, which is scheduled to take place in November, will offer approximately 660 BTC seized during about 31 federal criminal, civil and administrative cases under the asset forfeiture framework of the Department of Justice.

A deal between a traditional ATM manufacturer and a cryptocurrency vending machine firm will make it possible to buy bitcoin at tens of thousands of locations in the United States using a debit card. Bitcoin ATM firm LibertyX and regular ATM manufacturer Genmega have forged a partnership which will make it possible to purchase bitcoin using a debit card at up to 100,000 locations in the United States.

Notorious North Korean hacker group Lazarus has stolen more than $571 million in cryptocurrency, a new report from rearch firm Group IB has revealed.

Who’s using Bitcoin to buy and sell goods and services? A lot fewer people than you probably would have guessed. After peaking at $411 million in September, the amount of money the largest 17 crypto merchant-processing services received in the best-known cryptocurrency has been on a steady decline, hitting a recent low of $60 million in May, according to research that startup Chainalysis Inc. conducted for Bloomberg News.

Hackers stole an estimated $59 million from a Japanese cryptocurrency exchange called Zaif, according to a statement released by the owners of the exchange.

The following are factors that contribute to market manipulation in cryptocurrency markets. I recently built a massive-multi-player trading game for cryptocurrencies as a research project for a (real) decentralized exchange that is launching in December to analyze order-flow dynamics, market making, trader psychology, trade execution strategies, bot interactions, risk management, spread dynamics, conflicts of interest, margin lending, market microstructures, etc.

A billion-dollar baby of the Bitcoin boom plots its next move.

Institutional investors are at the forefront of trading in crypto currencies, according to a report published yesterday. These investors, who in some cases represent hedge funds, have displaced individuals with greater purchasing power as the biggest bitcoin buyers, after making private transactions, some of them as large as [EDITED a mistake – not $100k but $100 M] $100 million in the over-the-counter (OTC) market.

The main intention behind Satoshi Nakamoto’s initiative was to design and radicalize a currency which wouldn’t be under the jurisdiction of any form of government or a specific financial institution. Even though Bitcoin has been left behind by various cryptocurrencies in terms of attributes like transaction fees and confirmation time, it has managed to remain as the largest cryptocurrency by market capitalization since a very long time. This might be due to the precise reason that Bitcoin is absolutely decentralized and most popular one in the domain.

When Bitcoin is experiencing its lowest levels of volatility in history and remaining within a short trading range of $6,300 and $6,500, yet Lee is still confident that the currency could end 2018 on a high note. Fundstrat’s Tom Lee has always been one of Bitcoin’s biggest bulls. For several months, despite the wavering price of everybody’s favorite cryptocurrency, Lee has stuck to his guns and remained adamant that the currency could end the year at an even $25,000.

In a recent interview, Tim Draper, a prominent venture capitalist famous for his strategic investments, gave his opinions about regulations in the cryptocurrency space. Significantly his major focus was on two topics, namely, Japan taking an open approach for the sector in general and also China’s decision to make Bitcoin [BTC] illegal in the nation.

Bitcoin.com is one of the world’s largest bitcoin sites, having grown its profile this year thanks to the remarkable price surge of the cryptocurrency. But its cofounder and CTO, Emil Oldenburg, a Swedish native, is extremely skeptical when it comes to bitcoin's future. ”I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,” he says in an interview with Swedish tech site Breakit.

This harks back to the origin of money, which was an entirely people-based creation. Bitcoin’s rise is the market’s way of saying it doesn’t trust any government.

Bitcoin changes prices too quickly to be a currency and processes transactions too slowly to be a payments system, but it is juuust right for teaching libertarians everything they don't know about economics. Not that they're paying attention. If you listen to bitcoin's biggest backers, it's supposed to be our gleaming future, one where we can make money just by holding it, move it anywhere in the world for free, and no longer have to depend on banks or governments to do the right thing.