Commentary 51 | BTCMANAGER

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The Future of Cryptos: Byteball and IOTA vs Bitcoin and Ethereum

December 23, 2017 by Guest Post at Altcoins, Blockchain, Commentary, News, Tech

Cryptocurrencies have emerged from the shadows. It is hard to argue this point after the unprecedented price rise of bitcoin and the adoption of Ethereum through a multitude of industries, there’s an argument to be made that cryptos are inching ever closer to the mainstream. With this kind of attention...

Bitcoin Maximalist Claims Manipulation in Recent SBI Backing Venture

December 22, 2017 by Liam J Kelly at Bitcoin, Commentary, News

In yet another jousting session, Twitter user WhalePanda outlined the potential ways in which the Bitcoin Cash team may have taken advantage of Japanese technology provider SBI BITS Co., Ltd., and nChain, a British blockchain research group. The original announcement on December 6, 2017, stated that the two would be...

Can A Hong Kong Bitcoin Market Replace the State?

Can A Hong Kong Bitcoin Market Replace China?

December 22, 2017 by Joseph Young at Bitcoin, Business, Commentary, Finance, News, Tech

Earlier this week, OKCoin, previously the largest exchange in the Chinese cryptocurrency market, announced that its Hong Kong-based flagship trading platform raised tens of millions of dollars. OKCoin Announcement and Giant Network Group Affiliation According to the official statement released by OKCoin, its digital asset trading platform OKEx raised massive...

LTC Litecoins falling from a squeezing hand

Litecoin Creator Charlie Lee Liquidates LTC Holdings

December 21, 2017 by Nigel Dollentas at Altcoins, Commentary, News

Charlie Lee, the founder of Litecoin, has announced that he has now sold or donated all of his litecoin (LTC), excepting a few litecoin in physical collectibles. Lee went to Reddit to talk about his predicament, and why he chose to liquidate all of his holdings in a coin that...

Edward Snowden Loves Zcash, Or At Least the Tech Behind It

December 21, 2017 by Robert DeVoe at Altcoins, Commentary, News

In a Tweet that was published on December 19, former NSA contractor Edward Snowden made several comments about his preference and respect for Zcash. Specifically, he noted that the privacy technology behind it would be something that could "change everything if it succeeds." What is ZCash? Zcash is a cryptocurrency...

Reddit Philanthropist Pledges $85 Million in Bitcoin to Various Charities

December 20, 2017 by Priyeshu Garg at Bitcoin, Business, Commentary, Finance, News

Christmas and the holidays are the seasons of giving – so it’s not uncommon to see people engaging in various charitable acts around this time of the year. However, one Redditor who identifies himself as u/Pine has taken the concept of generosity to a whole new level by setting up...

Critics Condemn Bitcoin’s Electricity Consumption, But it’s a Nonissue

December 17, 2017 by Joseph Young at Bitcoin, Commentary, Mining, Regulation, Tech

Bitcoin’s electricity consumption has become the target of criticism recently, and some reports by the mainstream media have claimed that the cryptocurrency may contribute to climate change in the long-term because of its excessive use of energy. Years of Attacks Since its launch in 2009, various critics and the members...

India Turns Attention to Bitcoin Exchanges to Investigate Tax Evasion

December 17, 2017 by Rahul Nambiampurath at Bitcoin, Business, Commentary, Finance, News, Regulation

On December 13, 2017, the Indian income-tax department reportedly conducted surveys at bitcoin exchanges across the country to assess the risk of individuals who may have evaded taxes. Surveying Indian Exchanges Typically such surveys are conducted by the department without prior warning and include relatively extensive scrutiny of the assessee’s...

Blockchain Platform Waves To Form New Self-Regulatory Body For Blockchain and ICO Industry

December 16, 2017 by Priyeshu Garg at Blockchain, Commentary, News, Regulation

A new self-regulatory body will soon set standards for the blockchain and ICO industry. Founded by blockchain platform Waves, the new outfit aims to provide an array of services in areas such as legal, tax and accounting, business due diligence, and KYC for emerging companies in the domain. The organization...

Do you Really Own your CryptoKittie?

December 15, 2017 by Jamie Holmes at Blockchain, Commentary, Entertainment, Ethereum, News

CryptoKitties is the latest obsession in the crypto space. Reminiscent of the Beanie Baby craze in the 90’s, users can sell these Ethereum-based virtual cats for eye-watering amounts. While many are making money from the craze, there are some questions over the ownership status of the digital assets. Unlease the...

Morgan Stanley Investing in Overstock’s Cryptocurrency

December 15, 2017 by Gil Davis at Bitcoin, Business, Commentary, Finance, News, Regulation

As speculators rally towards bitcoin, many of the old guards are attempting to figure out how to get their share of the crypto-pie. Banks and investment firms are notoriously conservative when it comes to new technologies, but for the past few years Overstock.com – the first major retailer accepting bitcoin...

NJ Man Steals $1.8 Million in Ether from Victim at Gunpoint

December 14, 2017 by Robert DeVoe at Commentary, Ethereum, News

According to a press release from the New York County District Attorney's Office, a New Jersey man has been arrested for the theft of $1.8 million worth of Ethereum's cryptocurrency, ether (ETH). The suspect in question, Louis Meza, is currently charged with grand larceny, kidnapping, robbery, criminal use of a...

South Korean Bitcoin Frenzy Continues as Government Formulates New Regulations

December 14, 2017 by Julia Travers at Bitcoin, Commentary, Finance, News, Regulation

On December 13, 2017, the South Korean government planned an emergency meeting on the topic of virtual currency in response to concerns over the 2017 Bitcoin boom and the widespread popularity of digital currencies throughout the country. Bitcoin Reaching Mainstream Market According to Reuters, the country may tax capital gains...

A Message for the Individuals Using Credit to Buy Bitcoin

December 14, 2017 by Rahul Nambiampurath at Bitcoin, Commentary, News

A Reddit post caught the attention of the cryptocurrency community in May 2017 when an anonymous user claimed to have taken a $325,000 equity loan on his residence to purchase bitcoin. Rash of Volatile Purchases At that time, bitcoin was trading at around $2,000 per coin. Naturally, this decision was...

Investors Suggested to Consider Non-Bitcoin Crypto Investments

Perhaps Time for Investors to Consider Non-Bitcoin Crypto Investments

December 13, 2017 by Rahul Nambiampurath at Altcoins, Bitcoin, Commentary, Ethereum, Finance, News

Almost anyone not currently invested in bitcoin will say that it has reached the metaphorical “moon” at the end of 2017. If we look at its current price from a purely statistical standpoint, the cryptocurrency has indeed grown two whole orders of value since last December. But it seems as...

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