Monthly Archives: February 2018

Chinese Entrepreneur Warns Against Mining and ICO Bans

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Chinese Entrepreneur Warns Against Mining and ICO Bans Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency … Continue reading Chinese Entrepreneur Warns Against Mining and ICO Bans →

Bitcoin WARNING – EU Commission says crypto is NOT currency ahead of imminent crackdown

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Bitcoin WARNING – EU Commission says crypto is NOT currency ahead of imminent crackdown BITCOIN and other cryptocurrencies do not have a "guaranteed value" and should come with a "clear and frequent" warning to investors in order to safeguard them from possible risks to their investments, EU financial services commissioner Valdis Dombrovskis said. Bitcoin and … Continue reading Bitcoin WARNING – EU Commission says crypto is NOT currency ahead of imminent crackdown →

This 11-year-old just wrote a book on bitcoin that hopefully a kid can understand

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This 11-year-old just wrote a book on bitcoin that hopefully a kid can understand Andrew Courey, a middle school student in Massachusetts, recently published a 57-page book on bitcoin. He did the research when he wasn't in school, playing sports or working on mobile apps. Like most sixth graders, Andrew Courey is usually playing sports … Continue reading This 11-year-old just wrote a book on bitcoin that hopefully a kid can understand →

Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS

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Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS   US-based cryptocurrency exchange and wallet service Coinbase sent an official notice Friday, Feb. 23 to approximately 13,000 of its customers whose information it is legally required to turn over to the US Internal Revenue Service (IRS).   The IRS had initially asked Coinbase … Continue reading Coinbase Informs 13K Affected Customers Of Imminent Data Handover To IRS →

Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns

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  Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of … Continue reading Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns →

Bitcoin Fees Are Down Big – Why It’s Happening and What It Means

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  Bitcoin Fees Are Down Big – Why It's Happening and What It Means $26 down to $3. The average cost of sending a bitcoin transaction is cheaper than it's been in a year and a half, showing the price isn't the cryptocurrency's only unpredictable metric these days. But with all the debate about growing … Continue reading Bitcoin Fees Are Down Big – Why It’s Happening and What It Means →

Bitcoin – British MPs launch inquiry into digital currencies

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Bitcoin – British MPs launch inquiry into digital currencies MPs have launched an inquiry into cryptocurrencies and the technology behind them. The Treasury Committee said it wants to understand the risks and benefits of digital money following an explosion of interest – and investment – in them. The MPs will cover the role of digital … Continue reading Bitcoin – British MPs launch inquiry into digital currencies →

Crypto Mining Craze Creates Global GPU Shortage

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Crypto Mining Craze Creates Global GPU Shortage The cryptocurrency bull run of 2017 attracted multitudes of investors looking to get rich quick but it also created a mining boom that has resulted in a worldwide shortage of computer components.   Miners Plunder Singapore, Hong Kong For Cheap Rigs Scores of miners from around the world … Continue reading Crypto Mining Craze Creates Global GPU Shortage →

Trader Takes a Risk With Bitcoin, Becomes Cryptocurrency Billionaire

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Trader Takes a Risk With Bitcoin, Becomes Cryptocurrency Billionaire A mysterious investor who had recently purchased astonishing $400 million in bitcoin has just become a cryptocurrency billionaire. Earlier this year, Bitcoin investors pressed the panic button when the cryptocurrency saw as much as 50 percent of the market lost amidst fears of growing regulations within … Continue reading Trader Takes a Risk With Bitcoin, Becomes Cryptocurrency Billionaire →