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
Gary Shilling, a prominent and highly regarded Wall Street financial analyst, recently said in an interview that he doesn’t understand Bitcoin and do not intend to invest in “things that are not transparent.” While his statement was factually inaccurate, as Bitcoin is the most transparent financial network in existence due to its decentralized blockchain network, … 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
The probability of the original Bitcoin blockchain or legacy chain becoming the minority chain after the November SegWit2x hard fork is slim, but Xapo has received criticism from experts in the cryptocurrency sector over its intention to list the original Bitcoin blockchain as “BC1” if the SegWit2x chain turns out to be the majority chain. … Read more
The Chinese government will likely resume cryptocurrency trading in the upcoming months with necessary Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place. Earlier this week, Xinhua, the state-owned news publication of China, revealed that the Chinese government is concerned with criminal activities surrounding cryptocurrencies such as bitcoin. It emphasized that cryptocurrencies have … 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
The daily trading volume of the Chinese bitcoin exchange market has nearly doubled that of the US bitcoin exchange market, surging above 45,000 bitcoins. For a brief period of time, the Chinese exchange market overtook the US in terms of market share to become the largest bitcoin market in the world, for the first time … Read more
According to the latest figures from ‘The Pulse of Fintech’ quarterly report, total venture capital investment in the UK dropped slightly during the second quarter of 2016 though fintech investment was less affected. The report [PDF] by KPMG, along with KPMG Enterprise’s Global Network for Innovative Startups and CB Insights which launched on August 17th, 2016, analyses … Read more