Bitcoin price continues to move here and there amid speculations and price manipulation; the largest cryptocurrency is up sharply from the lows seen during the weekend – leading the broader market rally by a wide margin. Its price climbed as much as 9% in the early trading on Tuesday before retreating later in the session,…
HSBC (NYSE:HSBC) is gearing up to use blockchain technology in live transactions. On the other end of the spectrum, JP Morgan (NYSE:JPM) joins the financial institutions labeling cryptocurrencies as a risk to their business. Two major banking institutions with two different reactions to cryptocurrency. HSBC HSBC may be close to launching several different pilot programs…
The cryptocurrency market as a whole has taken a slight correction, with no specific reason for doing so. There have been crickets lately with new worldwide government regulations, which is a great thing as those announcements have driven crypto prices down exponentially in the past. With prices down today, there are still a few coins…
Cryptocurrency Anonymity – is this the future of criminal activity? Bill Gates believes so. The Cryptocurrency revolution has not only raised a red flag for banks and the global financial system, the invasion of virtual currencies has been threatening tax collection and anti-money laundering initiatives. Criminals, tax evaders, and terrorists are effusively capitalizing on the…
What is happening to crypto? Cardano (ADA), Stellar (XLM), and Litecoin (LTC) all suffer losses on the crypto market today. There are more coins down than up at the moment; however, there also aren’t any major losses across the board. Dentacoin (DCN) has experienced the greatest percentage loss currently, losing 12.77% in the past 24…
Cryptocurrencies are one of the most substantially volatile investments in the world. The investment in Bitcoin (BTC) and other digital currencies has the potential to generate big profits for investors but the risk of losing the entire investment is equally high.These currencies have the history of making volatile upside and downside movements – they can add…
Traditional Financial Systems all around the globe are among the most significant critics of cryptocurrencies, amid the emerging possibility that cryptocurrencies can steal a massive amount of market share from banks in the days to come. Cryptocurrencies don’t require any intermediation for processing the transaction; this phenomenon allows digital currencies to complete the transaction in…
Cryptocurrencies have faced some harsh scrutiny over the past couple of months. From crackdowns in China and Texas to ICO scams and market slumps, digital currencies are becoming increasingly infamous. And now, Microsoft co-founder Bill Gates has voiced a particularly startling criticism of the technology. In a Reddit AMA (Ask Me Anything) today, the software…
A few weeks ago, the Modern Consensus website published an article saying that a negotiation between Poloniex and Circle had been concluded. Many rushed to describe it as Fake News due to the lack of confirmation from the involved parties and even an apparent denial according to consultations made by journalists. But, it seems that Poloniex…
The influx of Ripple’s (XRP) blockchain technology has been changing the traditional global financial system. Banks and payments services companies continue to advance their relationship with ripple – more than 100 private and public companies have announced testing ripple products (xCurrent, xRapid and xVia) in order to improve their transaction costs and times for domestic…
