Bitcoin Rises Sharply After Bitfinex Hack

Bitcoin markets have shrugged off the Bitfinex hack in which hackers reportedly stole 119,756 bitcoins worth about $70 million at current prices. The exchange has halted all trading activities, as well as temporarily suspended all digital tokens deposits and withdrawals. The market has steadied now, and bitcoin is trading with a bullish bias at $553. Source: TradingView […]

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Germany’s SAP Looks To Understand Blockchain

As leading tech heavyweights such as IBM, Microsoft, Oracle, etc. begin experimenting with the blockchain technology, German software giant SAP has also expressed its intentions of studying the possible threats posed by the distributed ledger technology to the firm’ business. SAP’s customers in banking, farming, energy, healthcare and media pay millions of dollars for enterprise-grade […]


Coinbase: Good News Keeps Flowing In!

California-based Coinbase has announced a couple of positive news in the last two days. One is the company’s expansion to Australia while the other is an update on the Ethereum debate. On July 26, the digital currency wallet provider announced that customers in Australia will now be to buy bitcoin and ether using their credit […]


Coinbase Now Supports Ethereum

California-based digital currency wallet Coinbase has added support for Ethereum to enable users to easily buy, sell, send and receive Ether in their wallets. Ethereum is a decentralized platform for applications, similar to the bitcoin blockchain. Ether is a cryptocurrency, similar to bitcoin. Users interested in trading or exchanging Ether can do so by visiting […]

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India Gets First Centre Of Excellence For Blockchain

That India has been left behind in the fintech race cannot be questioned by anyone. However, the nation seems ready to embrace the fintech revolution which involves the blockchain technology and the cryptocurrencies such as bitcoin, litecoin, dogecoin, and others. Bangalore-based leading IT services company Mphasis has unveiled India’s first Centre of Excellence (CoE) for […]

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Bitcoin Startup Bitnet To Sell Assets To Rakuten

Japan’s internet giant Rakuten is in talks to buy IP assets of bitcoin payments-processing company Bitnet Technologies Ltd., according to latest report from The Wall Street Journal. Both the companies have refused to give any official word on the development. Bitnet has operations in Payments, Digital Asset Management, Blockchain Consulting, and Cross Border Remittance. Rakuten […]

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Bitcoin: The Only Support You Need To Watch!

Many are comparing the action in bitcoin to the action in gold. Often touted as the next safe-haven, bitcoin is now bearing the brunt of the ‘Bremain’ – a fancy term for Britain staying in the European Union. Bitcoin, resultantly, is losing its sheen. We believe that instead of the outcome of the EU referendum, […]

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Bitcoin Collapses On Selling Frenzy

The virtual currency bitcoin is as speculative as it gets. The digital currency either moves up way too fast or crashes like a jet out of fuel. When it’s doing nothing of these two, it bores the market participants to death! Currently, it is crashing after the market signaled a reversal yesterday. Source: TradingView Bitcoin is […]

John McAfee’s Company Brings Bitcoin Leaders on Board

John McAfee’s cyber-security firm MGT Capital Investments, Inc. (NYSE MKT: MGT) today announced the appointment of Bitcoin pioneer Erik Voorhees to its Cryptocurrency Advisory Board, barely a day after it inducted Roger Ver as the Chairman of this board. Following the appointment of two leading Bitcoin entrepreneurs to the board, the market is pushing the […]

Bitcoin Exchange Coinbase Renames to GDAX

San Francisco-based bitcoin exchange Coinbase Exchange has announced that it will now operate under a new brand GDAX (Global Digital Asset Exchange). GDAX will facilitate trading of BTC/USD, BTC/CAD, BTC/EUR, BTC/GBP, ETH/BTC, and ETH/USD. The reason for renaming Coinbase Exchange to GDAX while keeping the Coinbase wallet platform intact is to better highlight the difference […]