The cryptocurrency market has taken a beating this week after CoinMarketCap unexpectedly removed South Korean exchanges from its index, which in turn caused major but temporary uninformed panic sell-offs. Source: CoinMarketCap What started out as a scary week for cryptocurrency has begun to make its way back. Like any market, corrections are inevitable but this…
Bitcoin has gained significant price appreciation last year with few shortfalls, hitting the peak of $19,343 in mid-Dec. However, bitcoin price started tumbling since then and fell to around $12,000 level at the end of the last year. It is currently trading just below $14,000. The price of bitcoin declined more than $2,000 compared to…
2017 has been an important day for both Bitcoin and cryptocurrencies in general. While hopefully not as tumultuous, 2018 is looking like it will bring us a lot of interesting innovation in the space. Here are some of the things I’m personally looking forward to seeing unfold in the new year. ICO Securities After the SEC’s investigative…
I’ve blogged quite a bit about adapting to change lately, and will continue to do so as banking-as-usual (BAU) is not an option. It’s similar to standing in the middle of the road. If you stand there for long enough, you’ll get run over. This is as true in banking: if you stop changing, you…
Ever wanted to buy oceanfront real estate in British Columbia? It will currently cost you around 200 bitcoin today but tomorrow, it might cost you 250. Camilla Stephan-Heck and her husband have decided to accept the highly volatile cryptocurrency in exchange for their beautiful Vancouver Island home. Calculated in dollars, the couple is seeking $2.7…
Chinese Internet Giant Baidu Launches Blockchain-as-a-Service Platform Chinese web search giant Baidu (NASDAQ:BIDU) has now launched its own blockchain-as-a-service (BaaS) platform, calling it the “most user-friendly” blockchain service in the industry. According to Baidu, this platform was built on the company’s self-developed project, and it can make and trace transactions related to digital currencies, digital…
KFC Canada Now Accepting Bitcoin As Payment That’s right, you can now buy KFC’s fried chicken with bitcoin in Canada. The fast-food chain is now accepting the cryptocurrency for a limited time for customers to buy a Bitcoin-themed chicken bucket called the “Bitcoin Bucket”. At the same time, KFC will also place a Facebook-based live…
Ethereum had faced considerable losses in the second half of 2017, declining its market capitalization to the level of $40 billion in early December. Since then, its price and the market capitalization bounced back sharply. The rally in its price was supported by the wide acceptance of ethereum in global financial markets. Mr Nerayoff said:…
Following a sharp rally in the beginning of the year, cryptocurrencies have experienced massive swings in the last five trading sessions, driven by several negative reports and the bearish outlook from major analysts, including the legendary Warren Buffett. Therefore, bearish sentiments held the overall market in the red, resulting in a major loss in the…
So who exactly are the ultra rich and what is the smart money? As detailed in Credit Suisse’s 2017 global wealth report, the ultra rich are the 150,000 people worldwide who sit at the very top of the international wealth pyramid, with a net worth in excess of US$50 million. These ultra rich keep a…
