News by tag: Bitcoin

31.01.2018

Samsung is making chips for Bitcoin mining

Samsung’s semiconductor business is booming, with the company recently overtaking Intel as the world’s biggest chipmaker. But the South Korean firm is not resting on its laurels, and is currently looking to expand into the buzziest contemporary market for processors: cryptocurrency mining.

 
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29.01.2018

Cryptocurrencies in online auction may change art investing

Online auctioneer Paddle8 is trying a new tack: merging with The Native, a Swiss technology and e-commerce company, and adopting the use of blockchain, the technology that underpins virtual currencies like Bitcoin, reports the New York Times. Paddle8 announced on Tuesday that it had taken an investment from The Native, creating what the two say is a partnership meant to adapt online art sales — and potentially more — to an age of wealthy millennials well versed in virtual currencies.

 
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26.01.2018

Telegram's ICO the way to clear blockchain world

Some of Silicon Valley’s leading investors are lining up to buy into a much-hyped initial coin offering by Telegram, the encrypted messaging service that is seeking $1.2bn to build a virtual economy within its app. As The Financial Times reported, Venture capital firms Kleiner Perkins Caufield & Byers, Benchmark and Sequoia Capital have each told the company they want to invest $20m, according to three people with knowledge of the deals. Sequoia and Kleiner declined to comment, and Benchmark did not respond to requests for comment.

 
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24.01.2018

Nasdaq is exploring Bitcoin futures

The CEO of Nasdaq has revealed that it is looking into how it can offer digital currency futures that are different to Cboe and CME offerings. Speaking to CNBC, Adena Friedman confirmed earlier reports that the Nasdaq is looking into bitcoin futures, but did not give a timeline for a launch or if it will definitely happen. Though her comments suggest that the development of a product is indeed happening.

 
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23.01.2018

Switzerland aims for the Crypto Nation

Johann Schneider-Ammann, Switzerland's economics minister, has said that the landlocked country should strive to "become the crypto-nation" if experiences in the Canton of Zug, colloquially known as Crypto Valley, remain positive. He made the comment in an interview with the news outlet SRF, as well as in a speech to the Crypto Finance Conference in St. Moritz, where he spoke after receiving a so-called "crypto award."

 
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23.01.2018

US rating agency will "analyze" dozens of cryptocurrencies

Weiss Ratings, a U.S. independent rating agency, had announced that it will issue letter grades on cryptocurrencies, to be released Wednesday January 24.  They will include market leader Bitcoin along with a series of altcoins like Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, TRON, Monero, Bitcoin Gold, and many more.

 
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22.01.2018

Nobel Prize Shiller considers Bitcoin Bubble could last 100 years

Robert Shiller, the Nobel Prize-winning Yale economist who predicted the housing bubble, says that he is mystified by the rise of Bitcoin—but ultimately regards the cryptocurrency as a speculative bubble that is likely to burst. Speaking with CNBC, Yale professor Shiller questioned Bitcoin’s value, comparing it to the 17th century Tulip mania.

 
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18.01.2018

South Korea is planning regulation on cryptocurrency

South Korean policymakers joined the global chorus of virtual-coin critics on Thursday, saying Seoul is considering shutting down domestic virtual currency exchanges as the new breed of market exposes users to speculative frenzy and crime. The country’s tough stance comes as policymakers from the United States to Germany struggle to come up with stricter regulation against money laundering and other crimes.

 
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16.01.2018

Economists warn Bitcoin manipulated by one or two big actors

Researchers found that a single actor was “likely” behind several accounts that bought millions of dollars worth of bitcoin and drove the exchange rate in the US from $150 to $1,000 over the course of two months. In a paper published in a recent issue of the Journal of Monetary Economics, a team of researchers examined the impact of fraudulent activity that occurred on the leading bitcoin currency exchange in 2013, and found that a single actor was “likely” behind a massive spike in exchange rates.

 
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15.01.2018

Singapore Central Bank hopes crypto tech could will survive crash

Ravi Menon, who is the chief of the Singapore's de facto central bank, expressed hope on Monday that technologies underpinning cryptocurrencies and the blockchain would survive a crash in the former, news agency Reuters reported. The Managing Director of the Monetary Authority of Singapore (MAS) said at a UBS Wealth Insights event that he hoped an eventual crash in cryptocurrencies will not undermine the much deeper, and more meaningful technology associated with them.

 
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