Category: Markets

$15K in Sight? Bitcoin Prices Gather Upside Traction

Bitcoin looks set to explore a move towards $15,000 levels in the next 24 hours. Having defended $13,000 on Friday, CoinDesk’s Bitcoin Price Index rose to a high of $14,536 on Saturday before once more retreating to $13,051.59 yesterday. As of writing, bitcoin is trading at $13,727 levels – up 0.80 percent in the last 24 hours. […]

Russian Businessman Buys Power Stations For Crypto Mining

China has long been a cryptocurrency mining stronghold due to low power tariffs and many large mining operations have set up shop nearby power stations. It seems this theme is spilling over to Russia, where the first instance of power stations being bought by investors to house cryptocurrency mining operations is being reported. According to RT, Russian businessman Aleksey […]

German Central Banker: Cryptocurrencies Must Be Regulated On a Global Scale

The director of Germany’s central bank believes that bitcoin should be regulated through an international set of rules rather than on a national scale. Bundesbank director Joachim Wuermeling said that borderless cryptocurrencies are difficult to regulate within a specific region or country, according to Reuters. Speaking at an event in Frankfurt, the banker said cryptocurrencies instead […]

3 Web Giants That Could Be Decentralized on a Blockchain

early days of the web, there were also other sites built around specific products, such as comic books, where sellers sold directly to buyers. One might imagine that focused marketplaces would naturally provide a better customer experience, but eBay, which offered an array of different products, proved that wrong. It turned out that it was […]

Kraken Exchange Is Back Online After Troublesome System Upgrade

UPDATE (14 January 16:43 UTC): As of its last status page update, at 06:35 UTC, Kraken still had not reactivated withdrawals (it had cautioned in the Saturday blog post that they would remain disabled for at least 12 hours). “All funds remain secure as we continue preparations for withdrawal activation,” the company says. Kraken, the fifth-largest cryptocurrency exchange, has resumed service after […]

Bitcoin Eyes Consolidation as Price Flirts with $14K

Bitcoin’s price is back around $14,000 and is eyeing a short phase of rangebound trading. Despite yesterday’s bearish price action, the sell-off in the world’s largest cryptocurrency by market capitalization seems to have come to a halt today. As per Coindesk’s Bitcoin Price Index (BPI), bitcoin (BTC) found takers at $12,878.60 (price at 00:44 GMT) and moved […]

Upside Break on the Way? Zcash Eyes Gains Against Bitcoin

Privacy-focused cryptocurrency zcash is solidly bid against the dollar and could soon see a spike against bitcoin. As per data source CoinMarketCap, zcash (ZEC) has appreciated by 12 percent in the last 24 hours. As of writing, it is trading at $718 levels – that’s down 24.83 percent from the lifetime high of $955.26 set on […]

Defying Wider Market Downtrend, Bitcoin Cash Eyes $3K

Bitcoin cash looks set for a gravity-defying move upwards. Data source CoinMarketCap shows the world’s fourth largest cryptocurrency by market capitalization rose as high as $2,961 yesterday before closing the day (as per UTC) at $2,895.38. However, prices dipped to a low of $2,396 at 04:34 UTC, possibly in response to reports that South Korea – one […]

Telegram’s $1.2 Billion ICO Could Be the Most Ambitious Token Sale Yet

To describe Telegram’s planned initial coin offering (ICO) as ambitious would be an understatement. And it’s not only because the provider of a popular messaging app is seeking to raise $1.2 billion, according to three people familiar with the offering, which would represent the largest crypto token sale to date. Nor is it just because […]

Beyond the Red Tape: The Path Ahead for Token Sales

Mason Borda is a tech entrepreneur focusing on blockchain infrastructure and security. He is currently the CEO and co-founder of TokenSoft Inc, a crypto treasury management and white label token sale platform. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. It began with some source code and a white paper. Bitcoin, initially […]