China are taking further steps in order to regulate crytpocurrencies. The authorities have decided on a “comprehensive ban” on platforms that allow users to buy or sell cryptocurrencies. This follows on from their ban of ICOs earlier in September. China is attempting to gain control over cryptocurrency with this latest …
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It is disruptive and a risky investment but Bitcoin is not a fraud
JP Morgon Boss Jamie Dimon has caused a lot of anger with his declaration that Bitcoin is a fraud. On his announcement pretty much every major cryptocurrency went into a fairly major nosedive. While his motives might be suspect he does bring up some valid points about the viability of …
Read More »Bitcoin hits $5,000 and the Chinese Government bans ICOs sending the market into a freefall, are we witnessing a cryptocurrency crash?
Bitcoin hit a major milestone on Friday. The cryptocurrency finally surpassed $5,000 in value. This coincided with an announcement from China that ICO’s are now illegal. These two factors then prompted a massive market selloff that bought the value of every major cryptocurrency tumbling down. The market shows no signs …
Read More »Bitcoin vs Bitcoin Cash Which will win the battle to be the best Bitcoin?
The bitcoin world has seen some dramatic changes this month. On August 1st a group of Bitcoin users dissatisfied with changes to Bitcoins code decided to commit to a hard fork. They named their new currency Bitcoin Cash. Now both currencies are squaring up in the competition to dominate the …
Read More »Does NEO have what it takes to become China’s Ethereum
Another day another coin bursts onto Cryptocurrency scene. This time it is the young Chinese Alt-Coin NEO that is making waves. After hovering at a paltry $6-8 for the last few months the upstart currency has exploded in value over the last two weeks, reaching highs of $42. with no …
Read More »Steem, A New Bitcoin Alternative, Soars
For the most part, Bitcoin remains the dominant force in cryptocurrency. Bitcoin has slowly but surely gained more influence in society, and has performed very well in 2016 despite mixed projections heading into the year. It’s had its setbacks, sure — like not being accepted in the Windows app store …
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