Why NEO Co-Founder Erik Zhang Says Ethereum Will Overtake Bitcoin

Why NEO Co-Founder Erik Zhang Says Ethereum Will Overtake Bitcoin

NEO appears to be losing ground in the popularity contest, at least lately. In the glory days of 2017, the “Chinese Ethereum” was a top 10 cryptocurrency with unstoppable potential. NEO was touted as being faster, better, and capable of handling way more transactions than other major networks. The hype surrounding the project was palpable.…

Crypto Market Begins to Fall Rapidly Again: Bitcoin Below $3,500

Crypto Market Begins to Fall Rapidly Again: Bitcoin Below $3,500

Bitcoin fell below $3,500 as $5 billion was wiped out of the crypto market, and major digital assets like Ethereum recorded a six percent drop against the U.S. dollar. The 4.8 percent drop in the combined valuation of all cryptocurrencies in the global market comes after a strong sell-off on January 11. Bitcoin Weakness Expected…

Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. The authors, David Andolfatto and Andrew Spewak, conclude that one of…

Indian Banks Force Customers to Promise Not to Use Bitcoin

Indian Banks Force Customers to Promise Not to Use Bitcoin

Following new regulatory measures from the Reserve Bank of India prohibiting banks from providing services to cryptocurrency businesses, some Indian banks are taking drastic measures to discourage cryptocurrency adoption, reportedly requiring customers to sign contracts stating that they will not use cryptocurrencies of any kind as part of their new terms of service agreement. Line in…

Pakistan Uses Blockchain Developed by $150B Alipay, But No Bitcoin

Pakistan Uses Blockchain Developed by $150B Alipay, But No Bitcoin

The government of Pakistan is reportedly using a blockchain platform developed by Alibaba’s Alipay. But, cryptocurrencies like Bitcoin remain banned in the country for payments. The initiative of the Financial Action Task Force (FATF) of Pakistan to utilize a blockchain application to combat money laundering demonstrates the typical “blockchain not Bitcoin” narrative pushed by central…

Coinbase Has Still Not Issued Bitcoin SV to Customers

Coinbase Has Still Not Issued Bitcoin SV to Customers

TweetShare Coinbase has yet to give Bitcoin Cash holders their Bitcoin SV from the Bitcoin Cash hard fork that happened November 15th 2018. The fork away from Bitcoin Cash by Craig Wright and Calvin Ayre’s preferred chain, called Bitcoin SV or “Satoshi’s Vision,” happened November 15th. The hash war was widely reported in CCN and…

Nasdaq Futures Plunges 1.75% on Weak Chinese Data; Bitcoin Surges

Nasdaq Futures Plunges 1.75% on Weak Chinese Data; Bitcoin Surges

TweetShare Nasdaq Futures kicked off on a bearish note this Wednesday as signs of weak economic data from China impacted the US markets. The index has fallen by 116.60 points, down 1.84% at 6,216.75 after closing 2018 on an annual loss of 4.72%, according to CNBC data. Futures for the Dow Jones Industrial Average are…