Coinbase Earned 43% of Its Annual Revenue in December

Coinbase Earned 43% of Its Annual Revenue in December

Word of mouth sent cryptocurrency investment to an all-time high at the end of last year, and Coinbase capitalized on it big time. As one of the easier sites on which to start buying crypto, it should come as no surprise that Coinbase was the platform of choice for thousands of new investors. Coinbase experienced a surge of investors like never before last winter, taking in 43% of its annual revenue in December alone.

China’s Stricter Regulatory Stance on ICOs Signal Caution, Not Calamity

On February 4, 2018, at 10:10 p.m. China Standard Time, Financialnews, a rather small news agency under the administration of China’s central bank, the People’s Bank of China (PBOC), released an article that explicitly stated that “China will continue to watch virtual currency and activities related to it closely, and will take actions including shutting down commercial presences and exchanges within China’s territory to uphold China’s financial stability.

World Economic Forum Bitcoin Discussions “Validate the Movement”

The World Economic Forum (WEF) has long been a lightning rod of global discussion on economic, social and political trends. This year’s gathering in Davos, Switzerland, was no exception. Blockchain technology emerged center stage last week as a key discussion theme, receiving praise from attendees for its cutting-edge potential.

Study Suggests 25 Percent of Bitcoin Users Are Associated With Illegal Activity

In a newly published paper on the use of bitcoin for illegal activity, researchers from the University of Sydney, the University of Technology Sydney and the Stockholm School of Economics in Riga indicate that a quarter of all bitcoin users are associated with illegal activity.
“Bitcoin Laundering” Study: Where Do Criminals Turn to Mask Illicit Cryptoassets?

“Bitcoin Laundering” Study: Where Do Criminals Turn to Mask Illicit Cryptoassets?

A recent study (PDF) from the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and blockchain analytics company Elliptic explored the “bitcoin laundering” ecosystem.

Credit Suisse Argues Irrational Exuberance Around ICOs Indicates Bitcoin Bubble

In a paper written in the fall of 2017 and published on the Social Science Research Network (SSRN) on Friday, January 12, 2018, Credit Suisse’s Dietmar Peetz and Gregory Mall argue that the boom in the initial coin offering (ICO) market is the clearest indicator of a bubble in bitcoin.

St. Louis Fed: In Some Ways, Bitcoin Is More Robust Than Many Fiat Currencies

In a recent article on the basics of bitcoin and other cryptocurrencies (PDF), Aleksander Berentsen and Fabian Schär of the Federal Reserve Bank of St.

Cardano Lists ADA Futures on BitMEX

Starting on Monday, January 8, 2018, at 8:00 a.m. GMT, the ADA token from Cardano began to be listed on the futures exchange at BitMEX.
We’re Living in an Ethereum World

We’re Living in an Ethereum World

A Brand New Market Cap Wow! Look at it go! I’m talking, of course, about crypto’s ever-expanding market cap, touching US$800 billion as I write these words. Yes, that’s very close to a trillion bucks. And it’s still growing. At the start of the year (just over 5 days ago), we sat around US$670 billion, when seemingly out of nowhere, we all started watching the Ethereum (ETH) funds in our digital wallets expand in fiat value.
Experts: Bitcoin at “Crucial Juncture” as 2018 Is Primed to Be Defining Year

Experts: Bitcoin at “Crucial Juncture” as 2018 Is Primed to Be Defining Year

Mohammed A. El-Erian and Roger McNamee are in agreement: as we enter the new year, the Bitcoin market is at a critical point in its development. In separate articles, both financial experts expressed their beliefs that, following a meteoric rise in 2017, the near future will define how history views Bitcoin in hindsight. Time for a New Paradigm? “[In] the waning days of 2017,” Mohammed A. El-Erian writes in an op-ed for Bloomberg, Bitcoin’s “market is at a crucial juncture.

How Bulletproofs Could Make Bitcoin Privacy Less Costly

Bulletproofs, presented in a paper titled “Bulletproofs: Short Proofs for Confidential Transactions and More,” describe a new zero-knowledge proof system. The proposal uses on-chain scaling for privacy and suggests a new, faster and more compact way to verify privacy-enhancing Confidential Transactions (CTs).
The Man Who Lost 7,500 BTC to a Landfill, and the Council That Won’t Let Him Go Digging

The Man Who Lost 7,500 BTC to a Landfill, and the Council That Won’t Let Him Go Digging

Imagine that you had over US$100 million worth of Bitcoin rotting away in a landfill and there was nothing you could do about it. Welcome to the world of James Howells, a Welsh IT worker who threw away a hard drive containing Bitcoin he’d mined back in 2009. The Newport South Wales City Council has repeatedly denied his requests to commence digging operations in the trash heap for his treasure trove of digital gold. One Man’s Treasure Is Literally Trash “You know when you put something in the bin, and in your head, say to yourself ‘that’s a bad idea’?” James Howells rhetorically asked the Guardian.
Crypto Market Struggling, Retains $500-$600B Capitalization

Crypto Market Struggling, Retains $500-$600B Capitalization

The overall cryptocurrency market seems to have stabilized after a correction that lowered its total capitalization to below US$450 billion last week. That said, the market has yet to convincingly bounce back to pre-correction levels, as its market cap continues to drift between US$500 billion and US$600 billion. The Bears are Back November and December saw record highs across most cryptocurrency markets.

This Lightning Network Designer Is Re-Inventing Bitcoin Smart Contracts

Bitcoin is usually not considered the blockchain best suited for self-executing conditional payments, better known as smart contracts. While it does support basic programmability to enable features like time locks and multi-signature (multisig) schemes, competing projects like Ethereum, Ethereum Classic or Qtum are often expected to better support more advanced applications.

Deutsche Bank Executive: Bitcoin Isn’t Going Anywhere

With bitcoin continuing to rise in value, executives at the Deutsche Bank are in agreement when they claim that the digital currency isn’t going anywhere anytime soon.
Analyst: How Bitcoin Price Could Reach $60,000 in the Mid-Term

Analyst: How Bitcoin Price Could Reach $60,000 in the Mid-Term

Tai Lopez, a prominent investor and analyst, has stated that if the world’s millionaires allocate merely 1 percent of their holdings into bitcoin, the bitcoin price could reach $60,000 in the mid-term.
Bitcoin Price Gear Towards $19,000, Surges by $1,000 in a Single Day

Bitcoin Price Gear Towards $19,000, Surges by $1,000 in a Single Day

The bitcoin price has increased by more than $1,000 over the past 24 hours and is en route to surpassing the $19,000 mark.

Litecoin Price Surges by 10% Again to $300 as Demand Skyrockets

Over the past 24 hours, the Litecoin price has surged by nearly 10 percent, increasing from below $270 to $300.

Top German Economist Says There Are Strong Reasons to Regulate Bitcoin

At a time in which bitcoin reaches a new all-time high of $17,900 and the cryptocurrency’s market cap nears the $300 billion mark, regulations are seemingly becoming a very popular way for governments to cope with its existence.

IcyWallet Offers a Cold Storage Bitcoin Wallet for the Visually Impaired

Safely storing cryptocurrency can be confusing, especially for newcomers to the space, but for people with visual impairments, finding an accessible option is especially challenging. IcyWallet is a cold wallet with a difference: it is designed to make it as simple as possible for people with visual impairments to manage offline bitcoin storage.

Charlie Lee: Japan and South Korea Regulations Good For Bitcoin

On CNBC’s Squawk Box, Litecoin creator and former Coinbase executive Charlie Lee discussed the future of bitcoin, Litecoin, and the cryptocurrency market in the long-term.
Venezuela’s Fiat Currency is Declining Rapidly and Bitcoin is Taking Over

Venezuela’s Fiat Currency is Declining Rapidly and Bitcoin is Taking Over

Years of hyperinflation of the Venezuelan bolivar has made the currency nearly unusable.
Bitcoin Futures Are Here: The Story So Far

Bitcoin Futures Are Here: The Story So Far

The week ahead will give better future indication of Bitcoin derivatives products as yesterday at 6 p.m. EST, the Chicago Board Options Exchange (CBOE) allowed bitcoin futures to begin trading under the symbol “XBT.” Chicago Mercantile Exchange (CME) is set to allow futures trading in the cryptocurrency of their own accord on December 18, 2017.

This Russian Presidential Candidate Wants to Legalize Bitcoin

Boris Titov, a Russian businessman/ombudsman and bitcoin advocate, recently revealed he will participate in the presidential elections in 2018.
Leaked: South Korean Government’s Four Bitcoin and Cryptocurrency Regulations

Leaked: South Korean Government’s Four Bitcoin and Cryptocurrency Regulations

Earlier today, as South Korean mainstream media outlet Hankyoreh reported, the South Korean government’s planned regulations around bitcoin and the cryptocurrency market have been leaked.