Tag Archives for " China "

Bitcoin may be staging the biggest challenge yet to gold and silver

Is bitcoin knocking some of the shine off gold? Bitcoin’s break above $7,300 on Thursday comes as gold futures have made curious moves, mostly trading sideways, despite weakness in the currency that underpins it—the U.S. dollar—and a downturn in bond yields. That raises a key question: Is the world’s No. 1 digital currency luring away […]

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Interview: NewsBTC With Petr Belousov, CEO of Confideal

Most of the applications of the Blockchain technology is driven by the smart contracts, which have the capability of automating decision making and execution in most of the settings. As most of the big names across industries pour money into creating and implementing these smart contracts into their organization’s operations and workflow, smaller players with […]

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Ethereum Casper Could See Light Much Sooner Than Expected

A highly anticipated update to the Ethereum network could be happening before schedule according to developers. The Casper update may be rolled out as early as the next hard-fork, Constantinople instead of previous plans for it to come with Serenity, the last development phase, in 2018. The hard forks are underlying changes to protocol creating […]

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Clampdown on Cryptocurrencies continue in South Korea

Another week passes and another Asian nation makes moves to regulate the rising tide of interest and investment in cryptocurrencies. Last week it was Vietnam’s turn to ban them, this week South Korea’s central bank announced that it wants to regulate Bitcoin as a commodity as opposed to a currency. However, instead of outlawing cryptos […]

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Bitcoin Price Going From $4,000 to $400,000 is Easy: Mark Yusko

Mark Yusko, the founder & CEO of Morgan Creek Capital Management, the $3.7 billion North Carolina-based investment firm, has stated that the bitcoin price is expected to reach $400,000 in the long-term. Over the past 12 months, the price of bitcoin has increased from less than $900 to over $5,900. In a relatively short-term, the bitcoin […]

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Central Bank of South Korea: Bitcoin Is a Commodity, Not a Currency

The central bank of South Korea announced on Monday that they would not consider Bitcoin a currency but rather as a commodity. According to Yonhap News, Lee Ju-yeol, the bank’s governor, refuted the notion that cryptocurrency should be considered legal tender. At a legislative session in Seoul, he said: Regulation (of virtual currencies) is appropriate because […]

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Mobile Phones and the Internet Are Changing the Banking

The emerging markets have outpaced the mature one’s development significantly, experts say. Let’s check out two of the major trends. Smartphones’ golden age The first trend implies that emerging market buyers are shifting from PC, laptops, and tablets with a high penetration in mature countries to new generation technologies. That means that smartphones there have […]

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Saudi Arabia Believes Cryptocurrency Industry Is “Not Mature Enough” to Warrant Regulation

Regulation In an interview with CNBC on Monday, Abdulmalik Al-Sheikh, senior adviser at Saudi Arabia’s central bank, stated that the regulator does not believe the cryptocurrency has matured enough to warrant regulation at this point in time. Mr. Al-Sheikh also stated that the central bank will wait and observe before delivering a determination regarding its regulatory […]

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