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Coinbase Alert: Amazon Is Coming
Amazon is to the 21st century what Walmart was to the 20th century. Slowly, Amazon is putting its imprint onto more and more areas of business. Already AMZN is one of the world most valuable companies worth more than $725 billion. Their sheer size allows them to go wherever they want. Last year’s jumbo acquisition of Whole Foods is a good example. From these moves, it is clear that Amazon intends to avoid becoming the “one trick pony” that its rival Apple has succeeded in becoming. That means that Amazon must forever be searching for giant technology centric markets. Cryptocurrency...
Irony Alert: JPMorgan Gets Sued for Bitcoin Fraud
If Jamie Dimon didn’t believe in karma before, he may be a believer now. JPMorgan has been hit with a class-action lawsuit on allegations of tacking on unannounced layers of fees plus interest after pulling the rug out from under the feet of cryptocurrency investors, according to a Reuters report. No wonder the decentralized revolution is upon us. The bank put the kibosh on credit card purchases for cryptocurrencies earlier this year when it also sparked controversy by treating crypto purchases as cash advances, the latter of which command higher fees. JPMorgan CEO Jamie Dimon infamously called bitcoin a fraud a while back, and...
The @Bitcoin twitter scandal is back and at it again
The official @Bitcoin handle suspension was likely caused by the outrage of Bitcoin Core supporters and has definitely resulted in advocators of Bitcoin Cash’s outrage. The vexing handle is back, this time armed with the question of who is controlling the account. The tension and suspension around the @Bitcoin Twitter handle is a trending topic on the cryptosocials. The handle is back again and, although not bigger than ever, it has a scandalous story attached to it. The tussle between the original Bitcoin and the new flavor, Bitcoin Cash, began in the wake of the hard fork’s creation in August of last year and...
Ripple (XRP) And Its $1.00 Price Is Not Far
The third largest cryptocurrency by market capitalization with $18.9 billion [according to coinmarketcap] – Ripple (XRP) did have its time to shine back in January as most leading cryptos did when it reached its all-time high over $3.00. Before it managed to reach the major $4.00 the market dipped and so we are on today’s stage. Not surprising, accordingly to the market development that is taking place now, with cryptocurrencies changing beds from green to red in a matter of a single day, the pair XRP/USD is changing hands just above $0.50 battling to keep its head above waters. But, keeping...
Where's Bitcoin Price Heading Next -- $1K Or $30K?
The game isn’t over for Bitcoin yet. And neither is its price volatility, which divides cryptocurrency experts on where bitcoin price is heading next. On one side is the bullish camp, which argues that Bitcoin is still in an uptrend, betting that it will eventually reach $30,000. Marshall Taplits, Chief Strategy Officer for NYNJA, is one of them. “Speculation on price is always difficult, says Taplits. “However, the trend for Bitcoin is clear - UP, going to about $20,000 USD from zero in 10 years. Each time Bitcoin corrects, the media wrenches. However, anyone who has been watching crypto currency...
Rockefeller’s $3 Billion Venture Capital Firm Begins To Invest In Cryptocurrency
Venrock, a venture capital firm created by John D. Rockefeller’s family is investing in cryptocurrencies. The three billion dollar firm will be investing in the cryptocurrency market and projects. Founded in 1969, the grandson of John D. Rockefeller brought his siblings together to form the company. The company started with a one million dollar capitalization, but after multiple successes, they’ve grown into a huge three billion dollar firm. Venrock is known for its abilities to find extremely successful start-ups. Their long list of clients is very impressive. They’ve invested in Intel and Apple before they were household names. Even recently, they’ve had...
Coinbase Ready To Excel: 3 Massive Developments
Coinbase, one of the world’s largest exchanges, has blown up in the news over the past week due to many developments being announced. Such developments include a venture fund for crypto startups, withdrawal support for more Bitcoin forks, and entering talks with the SEC to become an officially licensed broker. SUPPORT FOR MORE BITCOIN FORKS Coinbase has just announced that they are planning on adding support for upcoming Bitcoin hard forks. For the time being, this support is expected to only take form in withdrawals of these Bitcoin hard fork currencies.The exact date of this support was not noted...
George Soros Prepares to Trade Cryptocurrencies
George Soros called cryptocurrencies a bubble in January. Now his $26 billion family office is planning to trade digital assets. Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, got internal approval to trade virtual coins in the last few months, though he has yet to make a wager, according to people familiar with the matter. A spokesman declined to comment. Sponsored Soros, speaking at the World Economic Forum in Davos, said digital coins cannot function as actual currencies because of their volatility. But he didn’t predict the hard tumble that some observers had forecast at the time. “As long...
London Block Exchange Adds Ripple, More Coins to Follow
London Block Exchange (LBX), the U.K.’s only multi-cryptocurrency over-the-counter exchange, has announced that it has added Ripple’s digital asset, XRP to its list of coins available to customers. As a registered Electronic Money Services Directive (EMD) for e-wallet functionality by the U.K.’s Financial Conduct Authority (FCA), this means that LBX is not only the sole operator in the market delivering U.K. on-shore banking, but is also the only exchange to offer Ripple-GBP pairing. The addition of the third-ranked cryptocurrency by market value joins the likes of bitcoin, ethereum, BCH, and litecoin, that are already available for trading on the exchange. The...
Bitcoin Cash Expecting Another Hard Fork
Bitcoin ABC developers officially announced this week that the Bitcoin Cash network will be having a hard fork on May 15. The development team also made available the codebase for the client Bitcoin ABC 0.17.0 along with the newly added consensus rules. Another Fork this Spring Sponsored Bitcoin cash will undergo another fork on May 15, 2018, and the protocol’s consensus procedures will be adjusted in time as the fork goes forward. The fork was highly anticipated as the lead developer at Bitcoin ABC, Amaury Séchet revealed intentions for this fork a few months ago. Séchet said that it would be easier...
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