Bitcoin Price Teetering On The Edge

Bitcoin price has made the characteristic corrective C-wave that curves back down to the initial A-wave low. Although we cannot be sure that the downside correction is complete, we do know what to look out for to confirm advance. 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 using the code CCN29. Bitcoin Price Analysis Time of analysis: 15h20 UTC BTC-China 4-Hour Chart From the analysis pages of xbt.social, earlier today: Price …

Roma, Aged 1 Day, Has Her Video Birth Certificate Notarized on the Blockchain

Roma Siri, a baby girl born today has had her birth certificate notarized on the block chain. The potential of block chain’s many applications transcends finance and general industry and today’s example of the notarization of the birth certificate of a new born baby goes to prove it. While paperwork-based documents are predominantly the only source of authorization or proof of evidence to this day, the medium is and always has been unreliable and time-consuming. Physical documents may get misplaced and routinely take ages to go through the notions of …

UCLA Finance Professor Nominates Satoshi Nakamoto For Nobel Prize

Bhagwan Chowdhry, a professor of finance at UCLA, has nominated Satoshi Nakamoto, for the 2016 Nobel Prize in economics, according to the Huffington Post. The professor was asked by the Nobel Prize committee to nominate someone for the prize. Chowdhry said likely candidates for the prize include Paul Romer at New York University, Doug Diamond at the University of Chicago, and Steve Ross at the Massachusetts of Technology, for the work they did in the 1970s and 1980s. But in thinking about whose ideas have had a disruptive influence in the …

Quadriga Will Launch the First Canadian Blockchain R&D Lab

Quadriga Corp is launching Canada’s first exclusive research and development lab for Blockchain technology and is already working on its first project. Quadriga Corporation is launching Canada’s first R&D lab for Blockchain technology and has already drawn up plans for its very first project. In a press release, Vancouver-based Quadriga, widely known as Canada’s largest bitcoin exchange has chalked out the lab’s first project – a platform developed to serve two core functions. They are, handling the “onboarding and client data management for financial crime systems” using Blockchain technology and; …

Invested In Bitcoin, EFT Nearly Doubles Money Since September

ARK Investment Management LLC, which manages the first exchange-traded fund (EFT) with exposure to cryptocurrency, has almost doubled its money since September after investing in bitcoin, thanks to the virtual currency’s recent price surge, according to Bloomberg News. The overall fund has gained 15% this year, which represents more than 98% of the unleveraged ETFs in the U.S. Cathie Wood, who founded New York City-based ARK in January of 2014, said Greece, China’s devaluation and a U.S. interest rate increase drove price swings resulting in a capital exodus …

IMF Director Tells Banks:  Do Not Worry about Bitcoin & Blockchain

Christine Lagarde, the managing director of the International Monetary Fund (IMF) addressed bankers to say that banks and financial institutions do not have to worry about bitcoin or the blockchain. It’s that time for global financial figures to be dismissive of Bitcoin and its underlying technology, the block chain. IMF Chief Christine Lagarde quelled bankers’ fears of the blockchain posing a threat to the current banking industry in banking conference at New York As reported by The Financial Times, Lagarde said: Many of you have heard about not only bitcoins but …

Bitcoin Trading Indecisive

Bitcoin trading achieved a decent rally during the past month and the overdue correction is still playing out. The large range of price movement has created a technical condition in the chart whereby price could drop to new lows, but just as easily resume advance without any technical hindrance. 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 using the code CCN29. Bitcoin Trading and Price Analysis Time of analysis: 14h23 UTC BTCC …

ProtonMail Pays Bitcoin Ransom to Stop DDoS Attacks

Encrypted email service provider ProtonMail recently and grudgingly gave in to a ransom demand of 15 bitcoin (approx $6000) to attackers who targeted the service with destructive Distributed Denial of Service (DDoS) attacks. ProtonMail, an encrypted email service set up by CERN scientists in Geneva and researchers at MIT, has revealed crippling DDoS attacks to be the cause of a recent outage suffered by the crypto e-mail service provider. Two groups are believed to be behind the attacks, one of which began the cyber-strikes and put forth the ransom demand. …

Video: JP Morgan CEO Sees Bitcoin as a Waste of Time

Bitcoin skeptic Jamie Dimon, CEO of JPMorgan has once again spoken about the decentralized cryptocurrency, Bitcoin – by dismissing it. He sees potential in blockchain, however. “Separate currency from blockchain,” Dimon said, speaking at the Fortune Global Forum. “My belief is that there’s not going to be virtual currencies. They may be small,” he added dismissively, stating that governments will not put up with it. “Government like to control (currencies). They have central banks, they like to control the supply. They also generally like to know where it (currency) is …

E-Coin Bitcoin Debit Card Raises $186,596 In Crowdfunding To Support Growth

Wirex Limited, the London, U.K.-based company that produces the bitcoin debit card E-Coin, has announced a successful fundraising effort at BnkToTheFuture, the online investment platform. The campaign raised $186,596 USD from 93 investors. E-Coin, a virtual debit card and multi-signature wallet, allows users to spend and transfer bitcoin in cards denominated in USD, EURO, and GBP currencies and will be adding additional currencies. The fundraising campaign raised $186,596 against a goal of $381,806 USD, meaning it surpassed the 10% minimum required equity of $152,722 on the offer. E-Coin, …