After its year(s)-long endeavor to be the world’s first publicly listed bitcoin miner, Australian bitcoin mining firm Bitcoin Group Ltd., has been forced to withdraw its IPO. The move comes after the Australian Securities Exchange (ASX) sought the miner to make a fresh offer. The exchange wasn’t convinced the company had enough liquidity to make […]
Bitcoin price continues trading across critical support just above $400. Maintaining this position is the key to additional advance. Losing it, will open a proverbial can of downside toward the lows of 2015. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive […]
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), is the financial regulatory authority for Germany. They too, like every other regulatory authority the world over, have begun to seriously consider the usages and ramifications of blockchain. Recently, BaFin published an article titled “Distributed Ledger: The technology behind virtual currencies: the example of blockchain.” Yes, the title is a little […]
In an announcement today, Japan-based Mizuho Bank Ltd., and technology firm Fujitsu Labs Ltd., have revealed the successful operation trial of blockchain technology that saw tamper-proof results and same-day settlements of securities transactions. The two companies, following the announcement of a successful blockchain trail, revealed that they will develop an “exceptionally convenient financial system” that […]
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Much of the bitcoin industry no longer shares the same vision and are not likely to pragmatically compromise to avert a serious risk facing the industry. That was the impression of Peter Smith, CEO of Blokchain.info, at the recent Satoshi Roundtables, writing in Medium. Smith, in summarizing his thoughts about the state of the industry, […]
While Fintech has had most of the limelight when it comes to controlling the future revolutionary applications of blockchain technology, there are still several massive industries ripe for disruption that will potentially be able to use blockchain for their business models. In an effort to jump-start that process in the healthcare industry, Philips has launched a “blockchain […]
Regulators, banks and private blockchain consortiums aren’t particularly enthused about a public blockchain or distributed ledger providing the platform for banking or financial services, going by the common sentiment at an industry conference in London today. While they don’t want to go the way of bitcoin and other decentralized cryptocurrencies, the threat of the ‘uberification’ […]
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Bitcoin price has climbed back above $400 and 2700 CNY. Whether this is a new wave of advance, or merely a correction prior to more decline remains to be seen. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount […]
Bitcoin’s growth – not government regulation – could kill bitcoin, according to one financial industry observer. David Yermack, chairman of the New York University (NYU) Stern School of Business finance department, told Fortune Magazine that bitcoin’s growth has jammed its payment system to the extent that some transactions take hours to process. He said tens […]
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In what is quickly becoming a recurring theme among stock exchanges around the world, the Toronto Stock Exchange (TSX) is exploring blockchain technology applications for securities trading and clearing. The foray into understanding blockchain or distributed ledgers, the technology that powers the cryptocurrency Bitcoin is further helped by the TSX’s recent appointment of crypto entrepreneur […]
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