The post Wells Fargo Securities Says Bitcoin Crash Could Drag down Stock Prices appeared first on CCN If the alleged Bitcoin bubble bursts, it could affect the stock market as well, according to Wells Fargo. The post Wells Fargo Securities Says Bitcoin Crash Could Drag down Stock Prices appeared first on CCN
Bitcoin bull Mike Novogratz has shelved plans to launch a cryptocurrency fund, claiming that its price could drop as low […] The post Novogratz Shelves Hedge Fund Plans, Thinks Bitcoin Will Drop to $8,000 appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
This past year has seen massive gains for many cryptocurrencies. We know of the big names, Bitcoin, Litecoin, Ethereum, and IOTA. One cryptocurrency which has also had a huge rise this past year that many do not consider is Dogecoin. At the time of writing, one Dogecoin is worth one penny (and is also worth one Dogecoin). Dogecoin hits a penny Considering that earlier this year, a penny could buy you between 3-5 doge, this is huge. It has been an early Christmas gift to the Dogecoin community, and it has catapulted the currency back into the top 35 cryptos on CoinMarketCap. Previously, Dogecoin was hovering somewhere around #40-50 in the rankings. The old joke coin still has some bite to it, and the coin’s tenacity is upheld and strengthened by its great community. Even at its current price, Dogecoin is still cheap and forgiving enough as an entry point to cryptocurrencies, I believe. Perhaps that, along with some other market conditions (both known and unknown) are responsible for the price going up, since there are many new people coming into crypto and Dogecoin is an excellent model/example of how many blockchains work. The downside to the penny While this development is very positive and will help give more exposure to the community, Dogecoin’s set fee of one doge per transaction is getting costlier and costlier. Transaction fees rise and fall parallel to the price of Dogecoin. While the fee is still only a penny, this is about four times as much as it was earlier this year. I’m not really complaining, but it is something to keep in mind. Ultimately, price shouldn’t matter One of the reasons I think Dogecoin has performed as well and lived as long as it has is because the price doesn’t really matter for many in the community. Go to its subreddit and just see how many comments on hype posts are “1 doge = 1 doge.” And this is a very good point. Community is what gives value to money. Money without communities isn’t worth anything. It would be interesting if other crypto communities viewed their coins in the same way, as a standalone – something that was a non-correlated asset. Instead of bemoaning paying 10,000 BTC for two pizzas because of what that would be worth in USD now, people would just say, “Yeah, those pizzas cost 10k BTC.” It would bring crypto closer to being a community of users, rather than a community of speculators. At least, that’s my two doge.
Philip Beesley's Astrocyte aims to show that architecture can be more than just ornamental. Built from acrylic, mylar, sensors, custom glasswork, 3D-printed lights and using AI, chemistry and a responsive soundscape, it not only invokes emotional rea...
When most people think about high-tech innovation, the former Soviet bloc is probably one of the last places on Earth that springs to mind. However, Belarus is making efforts to change that. Thanks to a progressive piece of legislation that was signed into law last Thursday, President Alexander Lukashenko is hoping that the brightest minds and most innovative companies from the fintech and blockchain space will choose to call his nation home. The law legalises cryptocurrency transactions amongst other provisions. It’s hoped that these will drive private sector growth in a State that has been burdened with an overbearing bureaucracy that was left behind after the fall of the communist regime in the early 1990s. By liberalising the economy, it’s thought that the nation will be able to attract greater levels of foreign investment. In somewhat poetic language, Lukashenko spoke of his plans to create an environment suitable for technological innovation earlier this month: “All smart and intelligent people know what stability and order are… They’re all trying to reach that shore. We’re prepared to arrange a dock and even a harbour.” The presidential decree will make it legal for citizens to participate in initial coin offerings, as well as for companies planning them to run their operations from Belarus. It will also legalise all cryptocurrency transactions, as well as giving those making them a tax break for the next five years. In addition, provision is being made to allow companies relief from the often-confusing Belarusian legal system. Instead, they will partially be governed by English law. Denis Aleinikov, a partner at a Minsk-based law firm and main author of the law, spoke to Reuters about the hurdles foreign companies encountered, prior to the change in legislation: “We regularly faced legal problems. When a Western company buys a Belarusian company they try to structure the deal outside Belarus… Investors don’t want to deal with Belarusian legislation.” It’s hoped that the decree will provide a haven for fintech companies who are often trying to innovate in unsure legal climates around the world. The security provided by a friendly legislative will surely prompt greater innovation. This will be mutually beneficial to the companies, their employees, the industry at large, and the government of Belarus. Anton Myakishev of Microsoft Belarus elaborated: “It gives the industry the possibility to make a leap forward in its development and allows foreign capital the possibility to come to Belarus and work in comfortable conditions.” The post Belarus Legalises Cryptocurrencies to Lure Foreign Investment appeared first on NEWSBTC.
The post Futures Effect? Bitcoin Price Surges 10% in Rebound to $15,000 appeared first on CCN Earlier today, on December 26, bitcoin price surged by more than 10 percent and entered the $15,000 region for the first time this week. The recent price surge of bitcoin follows a major correction which occurred on December 23 and 24, which led to a sudden drop in the price of bitcoin to $11,500. However, The post Futures Effect? Bitcoin Price Surges 10% in Rebound to $15,000 appeared first on CCN
The internet is a strange place filled with stranger blockchain-based currencies, from PotCoin and porn coins to TrumpCoin and PutinCoin. Follow us down the rabbit hole.
Net neutrality isn't a problem on these vintage online systems
The post Bitcoin Users, Exchanges are Ripe Targets for Criminals, Warns Cybersecurity Researcher appeared first on CCN With Bitcoin’s recent surge to nearly $20,000 per coin, and with the cryptocurrency ecosystem’s value blowing past the $600 billion mark, cybercriminals are increasingly targeting bitcoin users and cryptocurrency exchanges, according to Bryce Boland, chief technology officer (CTO) for cybersecurity firm FireEye, in the Asia Pacific region. The cybersecurity expert, speaking to ZDNet, claimed extorsion victims, The post Bitcoin Users, Exchanges are Ripe Targets for Criminals, Warns Cybersecurity Researcher appeared first on CCN
Uber has been eager to ditch its car leasing business for months, and it appears to have found a buyer. Wall Street Journal sources claim that the ridesharing company is selling its Xchange Leasing unit to the car marketplace Fair.com. While it's...