Bitcoin

MrBitcoin December 13, 2017

Wilma Woo · December 13, 2017 · 10:00 am An advisor to Russian president Vladimir Putin has formally suggested the idea of using cryptocurrency to circumvent economic sanctions. Glazev: ‘Objective Need’ To Use Crypto Benefits As local news outlet Kommersant reports, Sergey Glazev said Russia faced an “objective need” to leverage cryptocurrency to “bypass” the […]

MrBitcoin December 12, 2017

Cryptocurrency continues its incredible surge, with the combined market capitalization of all digital currency reaching $500 bln. According to the Wayback Machine, on December 15, 2016 – almost exactly one year ago – the total market cap stood at around $15 bln. Today’s price movements bring the total return of the entire sector to about […]

MrBitcoin December 12, 2017

On December 11, the U.S. Securities and Exchange Commision (SEC) issued a cease-and-desist to California-based Munchee Inc. to stop their ICO and return the funds that had been collected. Munchee had been seeking $15 million in capital to improve their existing mobile app and create a restaurant review ecosystem that they described as being “Yelp […]

MrBitcoin December 9, 2017

American Bitcoin holders may soon have to report their holding to the United States government. First introduced on May 25, 2015, by Sen. Chuck Grassley [R-IA], Senate Bill S.1241, the “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” can have serious implications for those involved in the cryptocurrency space. The hearing for S.1241 […]

MrBitcoin November 27, 2017

Joseph Grundfest, commissioner for the Securities and Exchange Commission (SEC), and now Stanford Law professor, says that Initial Coin Offerings are an almost comedic violation of securities law, and should absolutely be regulated immediately. He’s so convinced, in fact, that he has been contacting the current administration to pursue them. He said: “ICOs represent the most […]

MrBitcoin November 27, 2017

Ashour Iesho · November 27, 2017 · 12:30 pm Over the past few years, Bitcoin’s difficulty and hash rates have steadily risen exponentially. So too has the electricity consumption of Bitcoin miners has risen as well, which is causing some concern among experts. Rising Demand for Electricity Bitcoin’s price is not the only thing that has been rising […]

MrBitcoin November 27, 2017

We’ve just closed out on the European session and it’s time to put together the second of our twice daily analyses in the bitcoin price. This morning’s analysis was pretty simple – we wanted to see a continuation of the upside run with, ideally, a clean break through the $10,000 mark and – subsequently – […]

MrBitcoin November 27, 2017

Over the last 7 days, bitcoin has seen further, rapid growth as it manages to squeeze a $2,000 rally leading into its current all-time high in the $9700s — a staggering 25% growth in 7 days. As discussed in previous bitcoin market analyses, the bitcoin market has progressed in a parabolic envelope: Figure 1: BTC-USD, […]