As reported by Frank Chaparro at Business Insider, Nicholas Gelfman, a head trader at Gelfman Blueprint, a company based in New York, solicited $600,000 from around 80 clients, essentially forming a Ponzi scheme with Bitcoin. According to CFTC, certain investors came in to Gelfman firm, gave him money “for placement in a pooled commodity fund…
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On Thursday, 21st September, Bitcoin is again falling down, experiencing a 6% loss and trading at $3,656, as fear is amassing as China announced the crackdown of the digital currency. Last week, as China announced that its domestic exchanges will shut down bitcoin trading, the price went down to $3,000. That was the biggest drop…
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As reported by Bloomberg today, Bitcoin is facing another possible split in November, which would mean that the world will have three different versions of the cryptocurrency. With the growing popularity of the currency, miners and developers seek new ways to diversify the increasing “hunger” of the population. One of the “Bitcoin gurus”, Roger Ver,…
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Michael J. Casey, an 18-year veteran of the Wall Street Journal, globally renowned co-author of The Age of Cryptocurrency, and Senior Advisor at the MIT Media Lab’s Digital Currency Initiative, has today joined CoinDesk, the leading media, events and information services company for the digital asset and blockchain technology community as Chairman of its Advisory Board. Casey will…
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When China announced that all its domestic exchanges will stop trading Bitcoin from September 30th this year, the digital cryptocurrency markets have seen a huge dip in prices: Bitcoin alone was down with 40%, Ethereum with 10% and overall, last week was a "bearish" one for the "people's currencies". Just before the ban, the Initial…
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According to CoinDesk, the US Senate passed a $700 billion defense bill that includes a mandate for the Department of Defense to conduct a study on blockchain and the technology behind it. On September 18th, along with the US military defense spending budget, an amendment suggested by Senator Rob Portman of Ohio, proposed a potential…
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The Wall Street Blockchain Alliance (WSBA), an industry non-profit trade association, has announced that BlockEx and RiskSpan have joined the organization as its newest corporate members. BlockEx Ltd. is a digital asset platform created to handle the entire lifecycle of a digital asset, enabling the creation, issuance, servicing and exchange of financial assets created using blockchain.…
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According to The Street, around 78.6% of Americans have heard about bitcoin, and what it is. However, some 11% believe that bitcoin is actually illegal and around 48% of surveyed people do not know if the cryptocurrency is illegal or not. The survey was conducted of 1,000 people. One reason this perception dominates the public’s…
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While Bitcoin price levels have now bounced back to $4,080, up from all-time lows of $2,941, Pirate Bay is now testing a new strategy for mining cryptocurrency – using their visitors’ computers without asking for permission. The torrent website used a tool developed by Coinhive, a crypto miner, and tried to free the tracker’s site…
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Quantum computing may be the next big thing. The concept of quantum computing comes from the fact that unlike the bit in the classical silicon computer, which is basically a binary choice of either one or zero, a qubit (the core of quantum computers) will alternate between one, zero or a position of in-between these…
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