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Norway’s Largest Online Bank Integrates Bitcoin Accounts
Norway’s largest internet-based bank has added a new feature tethering #bitcoin accounts to the company’s web bank platform. Skandiabanken customers are now able to access Coinbase accounts giving members insight into their digital investments alongside their savings and checking accounts.
Ross Ulbricht Denied Post-Conviction Relief Extension
The man convicted of creating the Silk Road marketplace, Ross Ulbricht, has lost yet another appeal to extend his “post-conviction relief.” Judge Katherine Forrest, the judge who sentenced Ulbricht to a double life sentence in 2015, denied the legal team’s attempt to renew the case even if additional circumstantial evidence is found in the future.
Besides the Meme Jokes Crypto-Enthusiasts Are Actually Buying Lamborghinis
The luxury Italian sports car, Lamborghini, otherwise referred to as the “Lambo” has become a ‘holy grail’ for some cryptocurrency enthusiasts. As ridiculous as $200K+ automobile may sound to some individuals after bitcoin’s rise in 2017 that dream is now attainable for a lot of early adopters.
Phony PBOC Email Sent to U.S. Media Aimed to Manipulate BTC Price
According to reports on Tuesday, a large quantity of U.S. media outlets were sent an email from an individual claiming to be a representative of the People’s Bank of China (PBOC). The message contained a phony invitation to a press conference between the media, the PBOC, and the Hong Kong Monetary Authority (HKMA) and said it would “crack down” on all aspects of #bitcoin services between mainland China and Hong Kong.
Lightning and Mainnet: A Look at the Protocol’s Hype, Trials, and Error
Over the past few weeks, there’s been a lot of hyped up discussion about the Lightning Network (LN) from those who believe it will help scale the bitcoin core (BTC) protocol. The Lightning Network topic has now moved from BTC testnet experimentation to trialing LN over the currency’s mainnet using real BTC. LN development and mainnet testing is growing and people are excited about this off-chain scaling feature. However some people are still skeptical as there’s been a few reported bugs, warnings from developers, and discussion of the cost required to create and close the 781 channels currently being used on the network.
Markets Update: Cryptocurrencies Recover Gains After the Coincheck Hack
Bitcoin markets and cryptocurrencies values across the board are seeing healthy rebounds after the past three weeks of price dips. At the moment there is some substantial consolidation happening, and BTC bulls are still trying to breach the $12K zone. They came awfully close last night, but failed to break the key price region. Now, during the late afternoon of January 28, 2018, the BTC/USD global market average has been hovering between $11,700-11,800 USD per coin.
Your Taxes Paid for a Lot of Blockchain Surveillance Last Year
Governments worldwide have been ramping up regulations for cryptocurrencies and hiring research and blockchain surveillance teams. One firm that tracks transactions on the blockchain is called Chainalysis, and this year the company has gathered over a half a million USD on record from various government and law enforcement entities.
Cryptocurrency Valuations Have Created Very Wealthy Founders
Bitcoin has been on a tear for well over a year now, but a few other cryptocurrencies have increased in value far more than BTC. This past week the two digital assets ripple (XRP) and ethereum (ETH) have spiked in value exponentially, making the founders of these projects some of the wealthiest men in the world — Right up there with bitcoin’s creator Satoshi Nakamoto.
Markets Update: Deflated Digital Asset Prices Bounce Back
The price of #bitcoin (BTC) has rebounded significantly since our last markets update. BTC markets reached a high of $16,100 across many global exchanges around 11:00 am EDT on December 26. The price spike is a big jump from yesterday’s weighted global averages of $13,800-14,000 per BTC on Christmas day.
Crypto Assets Bolster the Season of Giving in 2017
The season of giving is here, and individuals all around the world have been giving away lots of valuable cryptocurrencies during the holidays. As the digital asset economy continues to gain value, people have been donating to charitable causes more so than ever before.
Markets Update: Bitcoin Price Moves Sideways During the Holiday Lull
The price of #bitcoin has dropped considerably since it touched its all-time high of $19,600 per BTC on December 17. Since then markets have been quite bearish across the board, leading to lows in the $11K zone on December 22. Bitcoin markets have rebounded since then, and the price per BTC across global exchanges has been moving sideways for the past 72 hours.
Bitcoin’s Market Cap Surpasses the IMF’s Special Drawing Rights Reserves
Twenty-four hours ago the decentralized cryptocurrency bitcoin and its US$300Bn market capitalization just surpassed the International Monetary Fund’s (IMF) Special Drawing Rights market (SDR $291Bn).
Markets Update: Bitcoin’s Price Takes a Quick Dive
After hovering around the $16,500 zone for most of the day on December 12, bitcoin jumped in value to around $17,100 during the early hours of December 13. Bitcoin markets were coasting along in that range for a few hours, and then around 12 pm EDT the price started heading south and dropped one deep leg down to the $15,400 territory. At the moment the price has rebounded, and bullish traders are desperately trying to command prices ranges above the $16K region.
Two Days of Cboe’s Bitcoin Futures Show Intense Volume Fluctuations
This weekend on December 10, the Chicago Board Options Exchange (Cboe) began its first trading sessions. Since then the introduction of bitcoin-based derivatives held on a well-known mainstream exchange, the news has injected a surge of positivity into bitcoin’s spot markets. Moreover, the price of Cboe’s futures products has been trading wildly starting off at the $15K mark and has reached an all-time high of $18,650.
Markets Update: Global Bitcoin Prices Exceed $11,800
The price of #bitcoin is once again breaking new all-time highs on Sunday, December 3, 2017. The decentralized currency has rebounded considerably as markets touched an average of US$11,800 after it dipped below the $10K region just five days ago.
Trump and the Federal Reserve Are ‘Keeping an Eye on Bitcoin’
The U.S. government is very aware of cryptocurrencies and the rise of #bitcoin. This week American authorities from multiple agencies such as the IRS, the Federal Reserve, and President Trump’s press secretary all explained they are monitoring cryptocurrencies and bitcoin’s recent popularity.
It’s Official – CME Group to Launch Bitcoin Futures December 18
The largest options exchange worldwide, the Chicago Mercantile Exchange Group (CME), has announced its official #Bitcoin futures contracts will launch on Monday, December 18, 2017.
This Week’s All-Time High Brings Massive Bitcoin Exchange Outages
November 29 was an exciting day if you were watching bitcoin prices swing back and forth with quite a bit of turbulence. The price of bitcoin touched an all-time high of $11,395 across global exchanges. Then, about an hour or so later, the price went down hard to a low of $9250 on some trading platforms. Although some exchanges had significant operational issues according to upset customers, the Down Detector, and the trading platform’s own website status pages.