Latest News On Cryptocurrencies

Bitcoin futures  are a reality. Will we soon see  Bitcoin ETFs  as well? Why not? A Bitcoin ETF will help the masses, and the institutional investors take a position in the new asset class. The additional scrutiny and the regulations that come with these new offerings will also boost the confidence in cryptocurrencies. Now, even political heads are warning that the current  banking  system may be on its way out. However, while these developments are positive for the future of bitcoins and altcoins, it is still going to be a roller coaster ride to the final destination. Therefore, we believe that borrowing money to trade or  mortgaging  the house to invest in bitcoins is not a good strategy. While the long-term trajectory may be up, the intermittent falls will be steep and can cause a lot of pain to people who are betting the house to trade in cryptocurrencies. Therefore, only trade with the money that you can afford to lose and trade safely....

One of the reasons that Bitcoin is capturing the hearts and minds of individuals is the stories of instant millionaires who have made their fortune from  being an early adopter . People who were mining the coin or accumulating it by the hundred, and were smart enough to hold onto it today are experiencing unprecedented profit. With the monumental price gain, however, people are starting to wonder where the ceiling is, and if it is not fast approaching. To this end, there is a section of the population who are wondering: ‘is it too late to get into Bitcoin?’ However, this is not a new question, it is a question that was asked when Bitcoin was at $10,  $100, $1,000 all the way up to over $17,000 where it sits today . There is, of course, no doubting that those who were really early to the party are the biggest profiteers, and for envy’s sake, it is worth looking at what has been achieved in just seven years. What would $100 of Bitcoin be worth today? Had you put $...

In a  video  published on Tuesday, Israeli Prime Minister (PM) Benjamin Netanyahu claimed that the operation of traditional banks will eventually  become obsolete  and could be replaced by  Bitcoin . He based his claim on the trustless nature of  Blockchain  technology and on Bitcoin’s continuous,  notable growth  this year. In the video, Netanyahu stated confidently that banks will eventually become outmoded and be replaced, though when and by what exactly remains to be seen: “Is the fate of banks that they will eventually disappear? Yes. The answer is yes. Does it need to happen tomorrow? And do we need to do it through Bitcoin? That’s a question mark.” The head of the Israeli state also spoke about the role of banks, explaining that they were created and continue to exist to ensure that transactions between two parties are valid and secure. Banks, not to mention governments, continue to control how money is spent and continue...

Japanese web giant GMO Internet Group revealed yesterday that it soon allow staff to receive some of their salary in bitcoin. GMO plans to start rolling out the system from February 2018 within GMO Internet Co., Ltd, with a gradual expansion across the entire group and its over 4,000 employees to follow. The company states: "The GMO Internet Group will contribute to the development of virtual currencies in the world by promoting efforts related to virtual currency throughout the group." GMO in October  announced  plans for an initial coin offering (ICO), saying its new token would be used as as part of a payment system for an upcoming series of products. According to the latest statement, the new system will use the token, dubbed "GMO coin," to allow staff to purchase bitcoin as part of the scheme. Employees will have a lower limit of 10,000 yen (around $88) and an upper limit 100,000 yen ($882) for the bitcoin portion of their monthly salaries, ...

The recent skyrocketing Bitcoin price has brought about a fresh wave of  interest and adoption . People are hearing about the fantastical gains that can be made from investing in Bitcoin, leading some of them to make brash decisions. There have been some cases of individuals even putting their  houses up for mortgage  in order to acquire capital to buy into Bitcoin. It speaks of the frenzy that has developed recently. The frenzy of people getting into the market should be viewed with c a ution however as the old adage is still: ‘ Don’t put more into Bitcoin than you are willing to lose ’. Worrying trend There have been instances of not only mortgages being taken out to buy Bitcoin, but also people using credit to buy the potentially explosive and volatile asset. Joseph Borg, president of the North American  Securities Administrators Association , a voluntary organization devoted to investor protection, and director of the Alabama Securities Commissio...

Chamath Palihapitiya, founder of Social Capital and co-owner of the Golden State Warriors,  voiced his opinion  on the value and potential growth of  Bitcoin  in an interview on CNBC on Tuesday. The business leader, who first invested in Bitcoin in 2012, indicated that he sees the price of Bitcoin rising massively in the next 20 years as adoption continues to grow. His analysis echoes  other commentators and investors  who have seen the potential for Bitcoin’s price to reach levels close to $1 mln. Palihapitiya explains his prediction as based on the evaluation of Bitcoin as a  store of value  comparable to  gold . He said: “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly…I think this thing is a $100,000 a coin in the next 3-4 years, and in the nex...