Amid increased bitcoin volatility and companies charging against virtual currency we look at crypto regulation in different countries. While some introduce heavy regulatory burden on virtual money activity, others remain positive and crypto friendly. … [Read more...] about How is cryptocurrency regulated in different countries
LitePay to be launched in late February
LitePay, a new payment service for merchants, will be launched on February 26, 2018. It will allow businesses to accept litecoin for goods and services. … [Read more...] about LitePay to be launched in late February
Energy consumption for bitcoin mining in Iceland is expected to double in 2018
This year the energy consumption for mining bitcoin is expected to surpass energy consumption for powering all households in Iceland. … [Read more...] about Energy consumption for bitcoin mining in Iceland is expected to double in 2018
Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
Blockchain's purpose is to store and transfer information. Blockchain makes data transactions available publicly, easily accessable and immutable. Blockchain can solve tons of issues of modern industries, which hugely depend on continuous exchange of information (i.e. IT, finance, logistics, etc.). Nowadays we are in the very early stage of development of blockchain … [Read more...] about Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
Goldman Sachs forecasts devaluation of most cryptocurrencies
Most cryptocurrencies will eventually hit the bottom, according to Steve Strongin, Goldman Sachs’ global head of investment research. In the future there will remain only a small number of new cryptocurrencies, he said in a report published on February 5, 2018 and cited by Bloomberg. … [Read more...] about Goldman Sachs forecasts devaluation of most cryptocurrencies
Winklevoss twins disagree with 60-80-year-old bitcoin critics
During the past several months investment gurus like Warren Buffett and J.P. Morgan Chase CEO Jamie Dimon fanned out their skepticism about cryptocurrencies. … [Read more...] about Winklevoss twins disagree with 60-80-year-old bitcoin critics
A sigh of relief after US Senate hearing on cryptocurrency
Bitcoin recovered yesterday from its lowest since November amid the hearing in the US Senate on cryptocurrency market regulation, where Jay Clayton, chairman at the Securities and Exchange Commission (SEC) and Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), testified before the Senate Banking Committee. … [Read more...] about A sigh of relief after US Senate hearing on cryptocurrency
China will ban all cryptocurrency related websites
According to local media, China will block all websites related to cryptocurrency trading and initial coin offerings (ICOs). … [Read more...] about China will ban all cryptocurrency related websites