Bittrex, the third largest cryptocurrency exchange in the world by trading volume, has released an official statement regarding the SegWit2x hard fork scheduled to be executed on November 16. Original Bitcoin Blockchain Will Continue as “BTC” In the statement, Julian Yap of Bittrex emphasized that the original bitcoin blockchain will continue with the moniker “BTC” … Read more
Brian Kelly, a highly regarded CNBC analyst and founder of cryptocurrency-focused hedge fund BKCM, laid out three major reasons to invest in bitcoin in the short-term. On CNBC’s Fast Money, Kelly emphasized that the vast majority of analysts, researchers, investors, and businesses in both the technology and financial sectors strongly believe that bitcoin will “Amazon” … Read more
Earlier today, on October 31, the bitcoin price has achieved a new all-time high at $6,450, mainly triggered by CME Group’s plans to launch a bitcoin futures exchange by the end of 2017. Significance of CME’s Bitcoin Integration and its Impact on Mid-Term Price Many analysts including Jamie McGeever of Reuters and Nick Baker of … Read more
Chris Burniske, a prominent analyst and Placeholder Venture Capital partner, condemned executives and authorities in the global finance industry who have described Bitcoin as a pyramid and a ponzi scheme. “If you think Bitcoin is a Ponzi scheme, then follow your logic and you’ll find society is a Ponzi,” said Burniske. Brazil’s Central Bank President … Read more
Earlier today, on September 21, bitcoin price dipped below $3,900 after demonstrating strong signs of recovery on Monday. On September 19, CCN.com previously reported that bitcoin price surged to $4,040, increasing by over $440 in a 24-hour period. At the time, the global bitcoin market and investors displayed confidence over bitcoin’s mid-term growth. However, over … Read more