Monthly Archives: August 2017

Criminals Drop Bitcoin in Favour of Other Cryptocurrencies for Anonymity


Criminals are dropping bitcoin in favour of other cryptocurrencies in a bid to achieve greater anonymity for their criminal activities. That’s according to the co-founder and president of Blockchain Intelligence Group. He estimates that the number of illegal transactions involving bitcoin fell from half the total volume to around 20 percent last year. In an interview with… Read more »

Bitcoin Price Soars to New All-Time Record High Above $4,600

Bitcoin Price

The number one digital currency has gone and done it again. The bitcoin price has scaled to over $4,600 for the first time, pushing its market cap value to over $76 billion. At 13:54 UTC, on the 29th August, the bitcoin price was recorded at $4,602. As a result, the combined market value soared to… Read more »

Morgan Stanley: We Don’t Expect Cryptocurrencies to be Fully Disruptive


Leading global financial services firm Morgan Stanley has given its view as to how disruptive cryptocurrencies are going to be to fiat monies. According to the bank, the crypto-revolution is not going to replace traditional currencies. In a report, Morgan Stanley said: “We think that cryptocurrencies as a group are likely to see some adoption… Read more »

South Africa’s Central Bank Says It’s ‘Too Risky’ to Issue Digital Currency

Digital Currencies

The deputy governor of the South African Reserve Bank (SARB) has said that it would be ‘too risky‘ to start issuing its own digital currency. Speaking at the Strate GIBS FinTech Innovation Conference 2017, Francois Groepe, the deputy governor of the South African Reserve Bank, commented on the development of a digital currency such as bitcoin…. Read more »

Bitcoin Critic Mark Cuban Backs Coinbase Employee’s Token Fund

  Is Mark Cuban having a change of heart regarding the cryptocurrency space? The billionaire entrepreneur and investor said recently that he wants a slice of the sector despite saying that bitcoin is in a bubble. According to reports, Cuban is investing in 1confirmation. It’s headed by former product manager at Coinbase and Runa Capital principal, Nick… Read more »

Digital Currency Licenses Granted to Two Filipino Bitcoin Exchanges

Digital Currency

Two digital currency exchanges in the Philippines have been granted licenses from the Philippines central bank. In a report from local publication, The Philippine Star, the Bangko Sentral ng Pilipinas (BSP) has approved the registration of two bitcoin exchanges in the country. According to the report, the move is part of efforts to regulate the fast… Read more »

Why Commodities Whiz Dennis Gartman is Avoiding Bitcoin


Bitcoin is trading under $4,450, but according to investor Dennis Gartman he’s not buying into the digital currency. According to the editor and publisher of The Gartman Letter, he doesn’t understand bitcoin. He said: “It is a punter’s dream. I give them credit for that, but it is something that I will absolutely stay away from,… Read more »

Bitcoin Reaches New All-Time High Near $4,500


The price of bitcoin soared above $4,400 and was within striking distance of $4,500 for the first time. In the early hours of the 15th August, the digital currency recorded a new all-time high of $4,482, according to CoinDesk’s Bitcoin Price Index (BPI). As can be seen from the chart above, throughout the day bitcoin’s… Read more »

10 Digital Currencies Now Have Market Values Totalling Over $1 Billion

Digital Currencies

The number of digital currencies that have exceeded a market value of $1 billion is 10 with values ranging from $1.3 billion to $70 billion. The top 10 cryptocurrencies with market values exceeding $1 billion include bitcoin, ethereum, ripple, bitcoin cash, IOTA, litecoin, NEO, NEM, dash and ethereum classic.   Bitcoin, the Number One Ranking… Read more »

Indian States Look to the Blockchain Technology to Record Land Deals


Two Indian states are reported to be exploring the blockchain to record land deals to bring transparency to a corrupt system that leaves the poor at risk. With the aid of the distributed ledger it is hoped that it will modernise an outdated system and boost economic growth. The southern states of Andhra Pradesh and Telangana… Read more »