CategoryOp-ed

Op-Ed: Is China Cracking down on Bitcoin?

Cryptocurrencies

Bitcoin’s price fell by more than $100 in minutes around 9 A.M. London time as the People’s Bank of China announced they have opened an “inspection” on BTC China, Huobi and OKCoin, which in combination account for 90% of bitcoin trading volume. According to Reuters: “The probe of bitcoin exchanges, including BTCC, Huobi and OKCoin, was to look into a range of possible rule violations, including...

Yuan Keeps Falling, Bitcoin Stable, Eth Rises

Despite unprecedented intervention by Chinese authorities last Thursday by, according to speculation, ordering its banks to limit liquidity of CNY in offshore markets, sending the borrowing rate for shorting higher than 100%, causing the biggest one-day move in years and crashing bitcoin’s rally, the market appears to be unimpressed. As expected, Yuan’s value kept falling today, deprecating by 0...

Do Not Mention Devaluation, China Tells Its Bitcoin Exchanges

China has ordered the most liquid and popular global bitcoin exchanges based in the country to refrain from any “offline promotions,” to not engage in any “fake trading,” to enact “mandatory strong KYC,” and, in a clear sign of nervousness about the country’s currency, to not mention devaluation, according to a translation. China shocked world markets on August 2015 when it devalued its currency...

Financial Times Writer Says Bitcoin is Worth "Zero". A Response.

Bitcoin Blockchain

It has now become a familiar ritual. As soon as bitcoin’s price rises, a Keynesian economist will take the microphone and tell us that bitcoin is actually worth nothing as New York Times blogger Paul Krugman did when he called bitcoin evil without any elaboration after bitcoin reached its all-time high in late 2013. Krugman, still licking his wounds from the complete defeat of the left's economic...

Will Bitcoin Reach an All-Time High?

Bitcoin Price Mt. Everest

There couldn’t be a better start for bitcoin to a brand-new year. After reaching a low of $153.90 on the 11th of January 2015, from a previous all time high of $1,163 on the 24th of November 2013, the currency has been slowly rising and rising, with its value appreciation accelerating considerably over the past week, adding $250 to one bitcoin since Christmas day. The immediate explanation may be...

The New Year Could Bode Well for Bitcoin and Blockchains

2016 has been one of the more exciting years in the blockchain space with Bitcoin rising triumphantly, Ethereum grabbing everyone’s attention, Zcash finally launching and blockchain going mainstream. Not lacking its share of drama, including millions allegedly stolen from Bitfinex and an attempted theft of the Slockit DAO funds, few other years contain the excitement of the ever-rising ether...

Op-ed: Vitalik Buterin – Blockchain’s Person of the Year

Since Nakamoto, no one has advanced this space more than Vitalik Buterin, the 22-year-old child-prodigy who in 2013 began thinking of extending blockchain’s capabilities beyond just money, launched his vision in 2015 and saw it explode this year with ETH increasing by more than 700%. More than just a new currency, Vitalik has created a new technology - an ethereum virtual machine that executes...

Opinion: Nigeria Needs Bitcoin Regulation

Nigeria does not need to be one of the countries adopting a wait-and-see approach to regulate Bitcoin use and its adoption if it wants to beat undocumented capital outflow and block a potential means of funding extremists’ activities.

Do NOT follow this link or you will be banned from the site!