UBS: Bet on Blockchain Tech
UBS has issued a report that addresses the surge of cryptocurrencies and blockchain technology. The very name of the report is pretty telling – ‘Cryptocurrencies – Beneath the bubble’. The Swiss-based global financial services company’s analysts are unanimous in their verdict – the recent rise is nothing more than a “speculative bubble”. However, the assessment […]
Cryptocurrency: Why Don’t People Spend It?
Currently, all plans to replace regular currency with cryptocurrency face one major hurdle: very few investors are actually spending it. And, as things stand, the unwillingness to part with digital funds is completely justified. Bitcoin and other cryptocurrencies might be best used for storing value, at least at the moment. It is also difficult to […]
What Cryptocurrency Means for Marketing
Cryptocurrency might change the way our economies work and become a new foundation for future financial systems. This is far from being a fact at this point, but the disruptive potential is definitely there. E-cash might not end up being the paradigm shift many think it to be, but that is no reason to underestimate […]
Bitcoin Price Analysis: A Steady Decline Following a Peak
After reaching the dazzling $20,000 mark not that long ago, Bitcoin is on the slow and steady way down from its highest point yet. Until now, every major drop has been accompanied by high volumes, with low volumes leading to significant hikes. It’s not the best dynamic, as it shows that the supply overtakes the […]
Bitcoin is Investopedia’s ‘Term of the Year’
Following its meteoric rise to the forefront of our public consciousness, Bitcoin has been named the ‘Term of the Year’ by Investopedia. This is hardly surprising, considering that cryptocurrency managed to overshadow most of the events in what has been a rather tumultuous year. Financial education recourse focused on investment featured Bitcoin at the top […]
Chinese Cryptocurrency Exchanges Prosper Despite the Ban
After the fairly resent ban of the cryptocurrency transactions by the People’s Bank of China, three largest and most influential exchanges in the country – BTCC, Huobi, and OKCoin – have moved overseas, to Hong Kong. Since the September crackdown on cryptocurrency trading, these platforms seem to be doing just fine, servicing the Asian markets […]
Bitcoin Has to Reach around $40k in 2018
Streets of New York from Harry Garcia on Vimeo. Despite the recent downturn, some of the experts believe that bitcoin has not exhausted its growth potential. Notably, Mike Novogratz, known for his extremely successful hedge fund management strategies, stated the following in an interview with CNBC: Bitcoin could be at $40,000 at the end of […]
Bitcoin Attracts Investors in Hong Kong, Causes Confusion
Hong Kong from above from Stephane Ma on Vimeo. Recent move to Hong Kong of the Chinese cryptocurrency exchanges, coupled with the surging prices, attracted thousands of new investors, but not all of them have a clear idea of what they are getting into. After testing the waters with smaller investments, quite a few Hong […]
Swiss ‘Crypto Valley’ to Launch Ethereum Digital ID Pilot
Zug, a Swiss city known in crypto space for welcoming quite a few startups, has plans for its residents to test out an Ethereum-based identity service. A mobile app, developed by uPort, will allow the residents of the city to connect their identities to a cryptographic address on the Ethereum blockchain. The developer of the […]
Ethereum Classic: Was It Worth It?
One of the best known stories in the crypto-community is that of the Ethereum split. Faced with a very difficult decision, Ethereum enthusiasts had to make a choice which resulted in a ‘house divided’, and Ethereum Classic was born. But what are the differences, and which variant of the currency is better? Let’s get back […]
