‘Not an Investment’: Internet Archive Defends Decision to Hold Bitcoin

‘Not an Investment’: Internet Archive Defends Decision to Hold Bitcoin

The Internet Archive, the nonprofit digital library dedicated to providing “open access to all knowledge,” has spoken out on why it accepts – and holds onto – the bitcoin donations it receives. In a recent blog post, the organisation spelled out that it includes the cryptocurrency on its balance sheets – alongside other means of donation, including zcash – “to be […]

Heading Up? Ether Prices Consolidate After China’s ICO Crackdown

Heading Up? Ether Prices Consolidate After China’s ICO Crackdown

The ether-US dollar exchange rate (ETH/USD) nosedived on Monday after reports hit the wires that China has officially banned ICOs. Other digital currencies like bitcoin, bitcoin cash and others were dragged lower as well. It’s a notable development for the industry – the world’s number two cryptocurrency is up more than 3,000 percent on the year, […]

Central Banks, Cryptocurrency and the Quest to Dematerialize Money

Central Banks, Cryptocurrency and the Quest to Dematerialize Money

Eugene Etsebeth is a former central bank technologist with the South African Reserve Bank. There, he notably chaired the virtual currency and distributed ledger working group. In this opinion piece, Etsebeth outlines why he believes all central banks will attempt to dematerialise notes and coins eventually, and what that means for central banks. Today, nation states […]

Bitcoin Price Falls Below $4,500 as Crypto Markets Lose Billions

Bitcoin Price Falls Below $4,500 as Crypto Markets Lose Billions

  Just two days after achieving a historic high of over $5,000 on September 2, bitcoin’s price has plummeted to below $4,400. The notable sell-off – the biggest in the crypto markets since July 15 – began immediately after the record high of $5,013.91 had been reached Saturday, and has continued today, according to data from CoinDesk’s Bitcoin Price […]

As Crypto Market Sheds Billions, One Analyst Sees Buying Opportunity

As Crypto Market Sheds Billions, One Analyst Sees Buying Opportunity

The total value of all cryptocurrencies has dropped 11 percent since Saturday, declining from a high of nearly $180 billion to under $160 billion today. But that might not be cause for alarm, according to one bullish analyst. In fact, Ronnie Moas, the founder of Standpoint Research (known for his prediction that the cryptocurrency asset class will […]

MARKETS UPDATE: BITCOIN TAKES A $300 DIP AFTER A BIG RUN

MARKETS UPDATE: BITCOIN TAKES A $300 DIP AFTER A BIG RUN

After Reaching $5K, Bitcoin Bears Take the Reigns Bitcoin climbed the mountain to the $5K territory on a few eastern exchanges yesterday exciting bitcoin proponents everywhere. However, following the highs, bitcoin’s price dropped seven legs down to a low of $4,475 per BTC. Bitcoin’s market capitalization shaved off $6.5B in a matter of no time, and […]

Report: China’s Regulators Close to Taking Action Against ICOs

Report: China’s Regulators Close to Taking Action Against ICOs

Regulators in China have reportedly made up their mind to crack down on initial coin offerings (ICOs), the nascent funding mechanism through which blockchain projects have now raised more than $1.8 billion. According to a report from Caixin, although the official statements have not been published yet, regulators have deemed ICOs to be violating fundraising laws, […]