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Tag Archives: Bitcoin

India’s Dilemma With Cryptocurrencies

Aug 30, 2018

Olusegun Ogundeji

India's Reserve Bank's stance on cryptocurrencies is being put to a test at the moment. As a potential huge market for cryptocurrencies, the bank had in April barred its regulated entities from dealing bitcoin-like cryptocurrencies but it recently set up an inter-departmental group to study and...

China’s Guangzhou Follows Beijing to Ban Crypto Promotions

Aug 30, 2018

lylian

An economic zone in China's Guangzhou city is following the lead of Beijing's financial district to ban crypto-related promotions and events. The finance department of the Guangzhou Development District issued a notice to local businesses, prohibiting them from hosting any activities rela...

Bitcoin Breaches $7000 Against Odds

Aug 29, 2018

Olusegun Ogundeji

It's been on a slow and steady rise for the past week but the price of Bitcoin has finally crossed the $7,000 resistance level on Tuesday Aug. 28 after almost three weeks on the $6,000 and $6,800 range. Aside that it comes after Morgan Creek Capital Management announced a new digital asset ...

Bitcoin Price Hints at Post-2020 Halving

Aug 26, 2018

Olusegun Ogundeji

The price of Bitcoin may hit six figures by 2020 when the next block reward halving takes place if the protocol maintains its exponential trend as show in history data. Its growth pattern indicates that despite both previous halvings came about after long bear periods and there were rising vocal...

Mt. Gox Civil Rehabilitation Claim Opens

Aug 24, 2018

Olusegun Ogundeji

Users of Mt. Gox’s Bitcoin exchange can now file proofs of rehabilitation claim with respect to the return of cryptocurrency and money, the Japanese exchange says aas it announced the commencement of the proceedings on Thursday Aug. 23. The exchange collapsed in 2014 with 850,000 bitcoi...

Beijing Bans All Venues from Hosting Crypto-Related Promotions

Aug 22, 2018

lylian

Chaoyang District of Beijing has released an official notice to ban office buildings, hotels and all other possible venues in the district from hosting activities related to cryptocurrencies, according to the official notice released August 22 by the local financial regulator. As per the noti...

P2P Crypto Loan Is Secretly Thriving in China

Aug 21, 2018

lylian

Startups and P2P lenders are reportedly turning to provide crypto-loan service in the recent sluggish economy. Investors who are urgent for cash could borrow 50%-70% of the total bitcoin value. The past few months saw a spate of P2P platform collapses in China because of tightened regulat...