What are the differences between CFD & Spread betting?

When it comes to investing in companies, the first port of call is often the stock market. A stock market is where different investors can buy and trade shares in listed companies with the hope of making a profit from dividends and rising prices. Investing in companies through shares is just one of many ways to get involved with the market. You can also gain access through funds, investment trusts, enterprise investment schemes and venture capital trusts. Buying shares is a relatively simple concept, you own a portion of a …

Kynetix Launches Blockchain Consortium for Commodities Markets

Kynetix, a post-trade technology company, is putting together a consortium to look into the use of distributed ledger technology in commodities markets. UK-based Kynetix, a firm that deals in commodity post-trade technology platforms has launched a consortium focusing on integrating blockchain technology into commodities post-trades and mainstream financial services. The firm announced an inaugural meeting to take place in London today wherein 15 major commodity exchanges, investment banks, brokers and clearing houses will collaborate in bringing blockchain to the physical economy. Kynteix did not reveal the identities of the 15 …

PSA: Cryptsy Down, Claiming DDoS

For nearly twelve hours, Cryptsy.com, an elder “alt coin” exchange which has been the subject of semi-regular community outrage for various reasons, has been inaccessible. According to one of the exchange’s proprietors, Paul Vernon, the site has suffered a DDoS attack not unlike the one CCN has been experiencing as of late. The difference is that CCN has managed to come back online in a matter of a couple hours, not half a day. More importantly, CCN isn’t holding onto anyone’s money.   Cryptsy has recently had other serious …

Islamic State Probably Isn’t Using Bitcoin And, If So, They’re Dumb

News that Bitcoin can be tied to the Islamic State circulated on the internet in the wake of the Paris attacks. European Union leaders even held a so-called “emergency meeting” on virtual currencies themselves, reportedly investigating how to better control the currency. To be sure, evidence that the Islamic State uses Bitcoin in any significant manner is non-existent, the claims specious at best. Researcher Nicholas Weaver, from the Berkeley-based International Computer Science Institute, is aware of no evidence that the Islamic State uses Bitcoin. “There was a recent material support …

CoinSource Installs Its Second Bitcoin ATM In The New York City Area

CoinSource, a bitcoin ATM (BTM) network, announced the first BTM in New York City’s Lower East Side at 61 Delancey Street. Located within the N&N Delancey Smoke Shop, the BTM marks CoinSource’s second New York City area installation and joins a national network of bitcoin BTMs stretching from San Diego, Calif. to Las Vegas, Nev. to New York City. The machine is made by San Diego, Calif.-based GenesisCoin. It is a one-way ATM, providing cash for bitcoin only. An Ideal ATM Location “The Lower East Side is one of the …

Bitcoin Trading Into The Blue Corner

Bitcoin trading finds itself in crushing indecision, once again, as the looming macro-economic crisis confounds both bulls and bears. Its not so much about what the Fed will say on December 16, but about what exactly rising rates and a US dollar rally means for bitcoin. Or could this be the onset of the XT co-option blues? 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 …

Coinsilium Has IPO Extended, Likely to Go Public in Early 2016

Coinsilium, a bloackchain venture investment firm has had the public listing of its shares on ICAP’s Securities and Derivatives Exchange (ISDX) delayed until at least January 2016. Based in the Level39 Fintech Accelerator space in London’s Canary Wharf, Coinsilium advises Bitcoin- and blockchain-based startups, besides investing in them. As reported by Finance Magnates, the firm was scheduled to go public on the London Stock Exchange originally in August 2015. However, Executive Chairman Cameron Parry cited more favorable listing requirements to switch the listing over to ICAP’s ISDX. Coinsilium was launched …

’60 Minutes’ Highlights How Mobile Payment Service M-Pesa Has Changed Life In Kenya

Regular followers of mobile payment technology know that Kenya stands as one of the most successful mobile payment stories, thanks to the widespread use of the M-Pesa mobile payment service in that country. Kenya’s success in this area jumped onto the global spotlight this week thanks to a report on CBS-TV’s “60 Minutes.” Whether or not the “60 Minutes” segment, which gave an overview of how average Kenyans are conducting mobile commerce using their smartphones, catapults M-Pesa as a mobile payment service remains to be seen. The report explores the many …

Titcoin and Coinsnap Nominated for Adult Entertainment Awards

Cryptocurrency Titcoin and adult payment provider Coinsnap have been announced as finalists at the 2016 XBIZ Awards. The XBIZ Awards are a prominent adult entertainment awards ceremony managed by XBIZ, which publishes news and information on the adult entertainment industry. Over the last couple years, cryptocurrencies and other alternative payment systems have been gaining traction in the adult entertainment industry. One factor in this trend has been Operation Choke Point, a program in which the Department of Justice has teamed up with banks to limit access to financial services for …

Australian Miner Bitcoin Group’s IPO Postponed Again

Australia-based startup and bitcoin miner Bitcoin Group is facing another delay in its quest to be the world’s first listed Bitcoin company. Bitcoin Group has reissued its prospectus for the third time after facing a requirement from the Australian Securities and Investments Commission (ASIC) to appoint an “appropriately qualified independent expert.” The requirement comes after the commission requested the expert to look into details of the “bitcoin mining equation” that was established in the second prospectus. In a press release, Bitcoin Group has announced the IPO offer period to …