Bitcoin Cash (BCH) is scheduled for an update on the network’s consensus rules today to make the network more secure. In the meantime, the price of the 4th coin by total market capitalization is dropping. The Bitcoin Cash network will undergo a planned protocol upgrade as per the roadmap on November 15th at around 12:00…
Read more
To hit USD 25,000 per bitcoin (BTC), we need to find a way to double the current number of active BTC users, according to co-founder and the Head of Research at Fundstrat Global Advisors, Tom Lee. In an interview with CNBC today, Lee argued that BTC will hit USD 25,000 by 2022, which is the…
Read more
A federal judge has ordered Kingdom Trust to return customer data access to info on Bitcoin IRA’s website after the custodian broke a referral agreement. A United States federal judge has ordered asset custodian Kingdom Trust to fully restore data access to all affected clients following the unilateral termination of customers’ access to their own…
Read more
The Indian government will not be considering a crypto-related draft bill during the winter session of Parliament as was previously planned. The Indian government will not be considering a cryptocurrency-related draft bill during the winter session of Parliament as was previously planned. The draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies”…
Read more
Source: iStock/Gil-Design The BRICS Business Council has discussed the possibility of creating a single ‘cryptocurrency’ to facilitate settlements between member countries, after Russia’s sovereign wealth fund put forward a proposal. The BRICS nations – Brazil, Russia, India, China and South Africa – met in Brazilia this week. The Russian Direct Investment Fund (RDIF) says it…
Read more
Retail giants Carrefour and Nestlé are now using IBM’s Food Trust blockchain platform to track the supply chain of infant formula. Retail giants Carrefour and Nestlé are now using IBM’s Food Trust blockchain platform to track the supply chain of milk-based formula for infants, according to a Nov. 14 announcement. By using the platform, the…
Read more
Japanese cryptocurrency enthusiasts are watching business developments with interest after Softbank, the financial group that owns over 48% of Yahoo Japan, admitted that it was in talks with the operator of the Line chat app over a potential merger. Line has recently launched its Bitmax cryptocurrency exchange in Japan, and operates exchanges and blockchain business…
Read more
Ahead of its hard fork, Bitcoin Cash sees suspicious hashing power sources cause a ruckus. An upcoming planned hard fork in Bitcoin Cash (BCH) will impose relatively simple technical changes to its consensus mechanism that will not split the chain, despite some turbulent undercurrents in the coin’s community regarding issues which have recently become difficult…
Read more
Source: iStock/bernie_photo Virtual asset service providers (VASPs) just launched the OpenVASP initiative that aims to solve one of the biggest regulatory challenges, known as the “travel rule.” As a reminder, the rule necessitates that VASPs share customer info with each other, so that one exchange can confirm, for example, that a customer on another platform…
Read more
Fundstrat’s Tom Lee believes Bitcoin and other cryptocurrencies will hit major price valuations in the same manner that the tech behemoths did. Fundstrat’s Tom Lee believes Bitcoin (BTC) will accrue price value following a similar logic to the Silicon Valley tech titans. During an interview for CNBC’s Street Signs Asia on show on Nov. 15,…
Read more
