Bitcoin

Ronnie Moas Sets New Sights for 2018 – $14,000 on the Cards

3 months ago adcity Comments Off on Ronnie Moas Sets New Sights for 2018 – $14,000 on the Cards
Less than two weeks ago, Standpoint Research’s Ronnie Moas, who is famed for his stock picking, put another target prediction for Bitcoin to reach for 2018, eyeing $11,000. Having seen many of his targets smashed earlier than expected, the Bitcoin Bull has moved the goalposts again. Moas now predicts that Bitcoin will be at $14,000 Read More

Options Exchange Giant Cboe Reveals Bitcoin Futures Specs

3 months ago adcity Comments Off on Options Exchange Giant Cboe Reveals Bitcoin Futures Specs
Finance Over the past two weeks, many bitcoin proponents have been focused on the upcoming bitcoin futures markets planned for the last quarter of the year. This week the Chicago Board Options Exchange (Cboe) released the firm’s bitcoin derivative contract specs for investors interested in this new trading vehicle. The author of the futures spec Read More

Amaury Séchet Proposes New Bitcoin Cash Address Format for January 14

3 months ago adcity Comments Off on Amaury Séchet Proposes New Bitcoin Cash Address Format for January 14
Technology This week, the lead developer for Bitcoin ABC, Amaury Séchet, sent out a proposal via the developer’s mailing list to upgrade the address format for the Bitcoin Cash (BCH) network. Séchet says the need to change the address format is “pressing” and the developer suggests aiming for deployment around January 14, 2018. Also read: Meet Read More

Coinbase Custody Targets $10 Billion in Institutional Funds for Bitcoin Investment

3 months ago adcity Comments Off on Coinbase Custody Targets $10 Billion in Institutional Funds for Bitcoin Investment
Coinbase CEO Brian Armstrong officially introduced Coinbase Custody, a platform targeted at institutional investors. The new product is intended to be ultra-secure: We are designing Coinbase Custody to meet the needs of institutional clients. In particular, we feel that institutional clients require: Strict financial controls (multiple signers, audit trails, limits, etc) Dedicated account representatives and Read More

Satoshi Nakamoto’s Confidant Gavin Andresen Throws Support Behind Bitcoin Cash

3 months ago adcity Comments Off on Satoshi Nakamoto’s Confidant Gavin Andresen Throws Support Behind Bitcoin Cash
Technology Gavin Andresen is the latest significant player in bitcoin to pledge support for bitcoin cash, referring to it as the chain most true to Satoshi’s original vision. In a tweet published on the 12th of November, Andresen has emphasized his belief that the high fees associated with BTC are undermining it as an effective Read More

Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market

3 months ago adcity Comments Off on Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market
Mining Russia has been suffering from a shortage of graphics cards that can be used to mine cryptocurrencies, causing their prices to almost double. However, it was not ordinary households that purchased most of these cards. State-owned Sberbank has come forward, admitted to buying them, and apologized for causing the shortage. Also read: Bitcoin-Based Ethereum Rival Read More

Confusion and Euphoria As Bitcoin Cash Surges Past $30 Billion

3 months ago adcity Comments Off on Confusion and Euphoria As Bitcoin Cash Surges Past $30 Billion
“BITCOIN CASH IS BITCOIN NOW.” Issued by Li Ang, head of China-based bitcoin mining outfit Canoe Pool, the proclamation may not be distinguishable from typical cryptocurrency banter. However, the difference this time around is the context. No idle statement, Ang’s comment comes amid what can only be characterized as one of the biggest migrations of Read More

Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited

3 months ago adcity Comments Off on Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited
At press time, the Bitcoin network is currently facing a backlog of over 135,000 unconfirmed transactions and fees have soared. This comes days after the proponents of the SegWit2x scaling solution announced they wouldn’t move forward with a doubling of Bitcoin’s block size due to lack of consensus. Since larger blocks are clearly dead in Read More

No SegWit2x Makes Bitcoin Cash Shine Amidst Crypto Bloodbath

3 months ago adcity Comments Off on No SegWit2x Makes Bitcoin Cash Shine Amidst Crypto Bloodbath
Market observers expected hot money to flow from Bitcoin to altcoins after the Segwit2x hardfork was cancelled. Instead, the entire altcoin market seems to have crashed along with Bitcoin, while Bitcoin Cash surges by 55% to reach $992. Bitcoin takes the crypto market down If altcoin backers hoped that the cancellation of Bitcoin’s November Segwit2X hard Read More

Germany’s Top Financial Regulator Warns Against Initial Coin Offering (ICO) Risks

3 months ago adcity Comments Off on Germany’s Top Financial Regulator Warns Against Initial Coin Offering (ICO) Risks
Germany’s top financial regulator, the Federal Financial Supervisory Authority (BaFin) has issued a warning to investors bout the risk of investing in initial coin offerings (ICOs). This move makes BaFin the latest market watchdog to issue a warning on ICOs. In its statement, BaFin warned investors about the various risks involved in ICOs and token Read More