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A few weeks ago, the office of Council Member Helen Rosenthal of New York’s 6th District published the results of a business survey conducted on the Upper West Side that showed, among other things, that some 12% of retail store fronts lay vacant. Of the 1,332 storefronts that we surveyed, we identified 1,170 active businesses […]
Authored by Kenneth Tan via Hackernoon.com, 2017 has been an amazing year for Ethereum. Prices has hit an all time high of $800, and it is now the processing nearly double the number of transactions of bitcoin at a million a day. As we enter 2018, I think Ethereum will be the next Facebook due […]
Update 1600ET: Thanks to some serious dip-buying, the landcape across cryptocurrencies is not as completely devastating as it appeared this morning… * * * Update 1300ET: Bitcoin prices have somewhat stabilized for now around $13,000… * * * Update 1245ET: GDAX is down… * * * Update 1220ET: Mike Novogratz has shelved plans to launch […]
Update 1300ET: Bitcoin prices have somewhat stabilized for now around $13,000… * * * Update 1245ET: GDAX is down… * * * Update 1220ET: Mike Novogratz has shelved plans to launch his fund, warning that: "We didn’t like market conditions and we wanted to re-evaluate what we’re doing…I look pretty smart pressing the pause button […]
Content originally published at iBankCoin.com Let’s be clear. The American market for Bitcoin is an aspirational one; but the true volume is done in Asia. Instead of going through the trouble of setting up shell corporations to launder their money, the Chinese have been using crypto currencies, which was beautifully marketed as some sort of […]
Update: 0950ET – CME's Bitcoin Futures Contract was halted limit-down (down 20%) at $12,265 at 0945ET… * * * Following the most aggressive drop in Bitcoin in almost three years (plunging 37% from its highs in 5 days)… Bitcoin is now down over $9000 from its highs… Back to a $10,000 handle… And then it […]
A rudimentary payments network that can only process – on average – about 7 transactions every 10 minutes isn’t deterring merchants from accepting bitcoin for large-scale purchases like homes and cars. To wit, the owner of a car dealership near Albany told a local news station that he will begin accepting bitcoin, as the Associated […]
Anybody who believes that central banks are essential pillars of economic stability that deserve the untrammeled authority to issue currencies, which they presently enjoy, should take a close look at what’s happening in Venezuela. Central bankers have tended to dismiss the notion of private currencies as an idea embraced only by techno-libertarian wingnuts (they have […]
Content originally published at iBankCoin.com Sky People Fruit Juice closed +64% to $3, down from an intra-day high $5 (+200%) on news of now being a crypto play. Don’t laugh; I’m deadly serious. Traders on Twitter were quick to link the company to blockchain technology and the bitcoin craze, since Future FinTech announced in June […]
A cryptocurrency exchange in South Korea collapsed on Tuesday after it suffered a second cyberattack in eight months and lost a large amount of its digital-currency reserves. This spooked Asian investors who sold Bitcoin (and other cryptos). As The Wall Street Journal reports, Yapian, the company that operates a Seoul-based exchange called Youbit, suspended digital-currency […]
Although cryptocurrencies are the ‘it’ topic of the moment, the technology that makes them possible—blockchain—is having an equally successful run. Blockchain uses a decentralized network of nodes to handle processing and verify transactions, creating blocks of data that form a public, unalterable ledger of every transaction that was logged on the network. Additionally, the technology […]
Nearly two months after CEO Patrick Byrne first announced that it would hold an ICO of its own to help build out its blockchain infrastructure, Overstock – the e-commerce-company-turned-wannabe-blockchain pioneer – was expected to launch at midnight Monday to significant fanfare… …After a series of delay's due to unspecified technical issues, the offering finally began […]
Authored by Eugene Etsebeth via CoinDesk.com, Behind closed doors, G7 central banks are sluggish traders that buy and sell the same foreign currencies, marketable securities, special drawing rights (SDR) and gold day in and day out. Central bank traders follow the investment policy enforced by the executive committees with specific asset allocation targets. In order […]
Bitcoin: The Greatest Story Ever Sold By Cognitive Dissonance “Sell the sizzle, not the steak.” – Oldest sales trick in the book “Resistance is futile. You must assimilate” – The Borg Once I discover what triggers or motivates a person, and then figure out how to activate it, I can […]
Although Bitcoin is electronic and moves quickly, the real world doesn’t. Since Bitcoin (which is colloquially BTC/USD) has been in the news, millions have decided to put their own money into the Crypto world and press their luck. So here’s what’s driving the price. Let’s say you want to buy Golem, it’s not offered on […]