Category: cointelegraph

Three Ways To Be Wrong About Crypto-Tokens

I recently gave a talk to a clutch of enthusiastic crypto-investors in Indore, in central India. One gentleman, who was particularly knowledgeable got up to make some comments. “See, I feel that most of the other cryptos out there have no value. Ultimately it will all come down to Bitcoin and maybe Ethereum. In many Read More

India Goes Bitcoin: Zebpay Will Add 500k Users Monthly by 2018

Indian Bitcoin exchange Zebpay is adding 200,000 users a month and is eyeing half a mln by the end of 2017. In an interview with Forbes India, the exchange, which is one of the country’s ‘big names’ in Bitcoin along with Unocoin and Coinsecure, described recent market transformation as “crazy.” “It is crazy now. But Read More

5 Reasons Why Bitcoin Price is Not Tulip Mania:

Bitcoin is “not a bubble,” Nasdaq has said citing five reasons demonstrating why Bitcoin price is nothing like Tulip Mania. Increasing adoption as legal tender, merchant acceptance and an investment device for “distressed” economies are among the signs Bitcoin is only just starting out rather than peaking, the investment giant wrote Wednesday. “In all fairness, Read More

Bitcoin Forks or Bailouts? India Gives 1.3% of GDP in Free Cash to Banks

Bitcoin holders are not the only ones getting free money this quarter as India prepares to inject $32 bln into its banks. While exchanges in the increasingly important Bitcoin economy announce their perspectives on the Bitcoin Gold and SegWit2x hard forks, legacy finance is getting a “game-changing” government bailout to curb bad loans. As CNBC Read More

Bitcoin, Altcoin Exchange Bittrex Eyed With Suspicion Due to Thousands of Mysterious Account Closings

Cointelegraph recently began receiving complaints about the Bittrex exchange disabling users’ accounts for no apparent reason. One consistent theme in every complaint we’ve received is that users have attempted to open tickets and have even sought help on the exchange’s Slack, only to be ignored and banned, respectively. One user complained that he has six Read More

Bitcoin Booms in Evolving Markets

As far as adoption goes, Bitcoin follows a familiar pattern. Populous, first world countries in North America, Europe and Asia were first to catch Bitcoin fever, the first to establish exchanges and the first to begin restricting them as well. While early Bitcoin trading in these countries was largely boundless, allowing for things like margin trading Read More

India Central Bank ‘In Process’ of Making Bitcoin Regulation, Withholds Details

India has refused to comment on its progress with cryptocurrency regulation, only appearing to confirm that official plans were “in progress.” Reports by local news outlet Economic Times quote Reserve Bank of India Deputy Governor NS Vishwanathan as making comments to the press at an event in Calcutta today. “I can’t comment on a policy Read More

Goldman Sachs: Not Trading Bitcoin Yet, But Still Interested

The demand for Bitcoin and the rush to invest in the digital coin are growing daily. Despite the criticism and ‘fraud’ accusations, great names like Goldman Sachs Group Inc. are thinking about introducing a cryptocurrencies trading desk and what kind of legal bottlenecks are involved. Image: the street It was reported earlier that the company Read More

Chinese Meddling With Bitcoin Exchanges and ICOs Likely to Trigger “Cobra Effect”

The Chinese actions of banning ICOs and shutting down cryptocurrency exchanges may be with the intention of preventing ordinary Chinese citizens from incurring financial losses. They should, however, be wary of the Cobra Effect. The Cobra Effect? There is an interesting anecdote about the British rule of India. Worried about the large number of venomousContinue Read More