Best Time to Buy Bitcoin as “Unreliable Sources” from China Spook Markets

As usual there's an enormous overreaction from news originating from China. It's possible to state that the foundation of latest announcement that China is banning ICOs and exchanges is unreliable as there's been no formal statement from the government official.

Binance has no offices in China; Your Funds are Safe if I Go Missing, CEO Assures

Zhao reaffirmed that Binance has no offices in China. Since the September 2017 ban on cryptocurrency exchanges in China, after which Binance left the country in October 2017, Binance does not maintain a single office at all. Both Binance’s employees and himself only travelled to China for business meetings and conferences.

How to Boycott China's central Government Ban on BTC/Altcoins or ICOs' Website

In September 2017, China banned both ICOs and cryptocurrency exchanges. Some of these businesses responding by relocating off the mainland to Hong Kong. Now, Sina reports, Chinese government plans to mitigate that by banning domestic and foreign “virtual currency exchange websites.”

Meanwhile, the South China Morning Post news site reported that after the terms, in Chinese, “bitcoin,” “cryptocurrency,” and “ICO” were searched on Chinese search-engine Baidu and microblog Weibo, no paid sponsored content came out alongside the expected organic results.

Japan Bags the Largest Bitcoin Market as Traders Disown China

Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze attributed the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China.

Chinese Authority Freezes Thousands of Cryptocurrency Traders' Bank Accounts

Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and supposedly can be unfrozen if the authority finds no evidence of illicit activities.

China, Nigeria lead world Bitcoin transactions in 2017

China and Nigeria lead the world’s peer-to-peer (P2P) bitcoin transactions in the year 2017 outpacing major European countries, the United Kingdom and the United States of America, according to data from LocalBitcoins.com.

Despite the clampdown on bitcoin exchanges and orders for start-ups that embarked on initial coin offerings (ICOs) to return investors’ money in China in 2017, transactions stayed bullish growing more than 2,000 per cent in dollar terms this year.

Bitcoin finally wins as Chinese Court Declared BTC Legal as Virtual Property

Bitcoin (BTC) has now been declared as a legally recognized virtual property by a Chinese court. As per the Hangzhou Internet Court ruling, Bitcoin has the characteristics to be regarded as a virtual property and thus owning Bitcoin will be legal in China. The court also said that the digital currency thoroughly meets the criteria of a virtual property’s definition as it is scarce, has value, and is disposable too. Moreover, all those who hold BTC will find themselves protected by the legal system of the nation, as first reported by The Beijing News.

Not a Bubble: Investors Start to Recognize the Power of Bitcoin

What could be much more terrifying than building a fortune and then losing it the nest minute? Markets offer investors the ability to produce profit both bull and bearish phases but to many, a market bubble is something appalling or frightening.

Amazon of China goes big on Bitcoin

 

One of the world's most successful retailers, Alibaba, has unexpectedly entered the world of crypto
, partnering with bitcoin rewards app Lolli.

Alibaba—a China-based retailer who counts multinational behemoth Amazon among its closest rivals—has entered into a partnership allowing customers to earn 5 percent in bitcoin for every purchase.

China Ban on ICO is Temporary, Licensing to be Introduced: Official

During an interview with state-owned national television network CCTV-13, Hu Bing, a researcher at the Institute of Finance and Banking, a Chinese government-supported academic research organization, claimed that the government’s ban on initial coin offerings (ICOs) is only temporary.

The Chinese Academy of Social Sciences and its Institute of Finance and Banking are affiliated with the State Council of the People's Republic of China, the chief administrative authority of the People’s Republic of China. The Chinese Institute of Finance and its researchers are considered to be a government institution and government officials.

Bitcoin on its way to another level– as grandpa buys in, leftists say: ‘What’s bitcoin?’

by Ramin Mazaheri for the Saker blog

Some are talking of “fear and euphoria” in the crypto-currency world, but what’s to fear?

Last month Bitcoin’s multi-year existential crisis was surprisingly resolved with only a couple days of panicking.

Bitcoin breaks through ₦2.16 Mln ($6k), Market Cap Now Exceeds ₦36 Trillion ($100 Billion)

Bitfinex, the greatest volume BTC/USD exchange, broke the ₦2.16 Mln ($6,000) barrier earlier today and has been joined by all the major exchanges. At press time, the price tag on Bitcoin had reached ₦2.16 Mln ($6,041) according to Coinmarketcap.com, causing its market capitalization to exceed ₦36 Trillion ($100 bln) for the first time ever.

Asia: Crypto Market Losses Up to 40%

Bitcoin and altcoins lost as much as 40% in value the morning of Tuesday, Jan. 16, as regulatory pressure from China and South Korea generally seems to upset optimism.

Cross-exchange data from CoinMarketCap reveals the extent of bear sentiment arising from the confused situation in Seoul and the headlines of additional trading sanctions from Beijing.

How Much Oil How can you buy with One Bitcoin?

 

The Bitcoin boom has forced the mining sector to try and keep up, as the energy and effort put into mining a single coin is paying higher and higher. However, it’s also causing the mining sector to go into overdrive seeking the elusive prize.

One way that miners have sought to gain an additional edge in the game is to try and cut their energy costs. It’s good for the miners, for Bitcoin and for the environment if energy usage plummets.

Impressive: ₦3,1M ($10K) Bitcoin Investment in 2010 Now Worth ₦63.2B ($200M), Gold ₦3M ($9K)

Both Bitcoin and gold are thought prominent stores of value and safe haven assets. However, in the last seven years, one experienced a meteoric rise with regards to market cap, user base and value, while the other didn't meet the expectations of its investors.

Chinese tech giant Bitmain Produces Ethash ASIC Miner

Chinese tech giant Bitmain announced that they're releasing an Ethash ASIC miner, in accordance with a tweet April 3. In the tweet, Bitmain says that the Antminer E3 would be the “world's most effective and efficient EtHash ASIC miner.” The units will retail for $800 each and in line with the tweet, aren't for sale in China, nor would they be shipped to Hong Kong, Macau, or Taiwan. Orders are limited by one per person. Bitmain will simply accept Bitcoin Cash (BCH) and US dollars for payment in this first batch of units.

WannaCry Ransomware: US-Led Ploy to Donwgrade Bitcoin?

Our Correspondent Ifafunke Balogun, the Sage of Shoreditch, reports on the WannaCry ransomware outbreak and why things don't really add up.

It may come as no real surprise the supply of the ransomware was the trick services of the United States – NSA. Apparently, these were also hacked and the malware that targets Windows was taken.

Bitcoin Price Clocks ₦1.08 Mln ($2,850) in S. Korea, Extreme Premium

Bitcoin price reached ₦1.08 Mln ($2,850)  in South Korea on May 23, as a result of rapidly rising demand for Bitcoin and other digital currencies such as for example Ethereum's Ether (ETH).

While arbitrage opportunities in South Korea always existed because the launch of Korbit, Coinone and Coinhumb, the three leading Bitcoin exchanges in the united states, the premium rate rarely went past 10 percent.

Despite Potential Forks and Volatility, Bitcoin Price Eyeing ₦2.17 Mln ($6,000) in 2017

There are certainly a few rocky months left in the season for Bitcoin, but experts are predicting that the digital currency could still rally another 40 percent to finish on ₦2.17 Mln ($6,000) for the year.

Many experienced stabs at predicting the Bitcoin price by the end of in 2010 of rapid rise, from stock picker Ronnie Moas who said he sees Bitcoin reaching ₦1.815 Mln ($5,000) by the end of the year - though it already crossed that boundary recently.

Open Letter to Peter Schiff That Claims Bitcoin Has No Intrinsic Value

Peter Schiff is number 1 un-educated person about the meaning of Intrinsic value of Bitcoin. This is why I don't like many uneducated people about BTC.
 

1) Bank Bureaucracy

Many people just don't get it. There was a time you could only send 2 letters per month between you and your parent living abroad. If anyone told your parent that time that one day you would be able to send 40messages per 30 minutes. They would probably think you have gone crazy. That was in the 70s and here we are, I can send 40 messages within 3mins. If the receiver replies, we could have a chat via testing in 5 minutes with over 100 messages.