So Is There a Correlation Between Bitcoin and Stock Market? Yes, But No Cryptocurrencies have their own economy based on activity on that Blockchain. Equities have their own economy based on earnings per share multiples. The institutional overlap is essentially zero. But what could be concluded from this recent pattern across the markets is that […]
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Proof of Stake is coming to cryptocurrencies, and it will change everything
Cyrrently, every single transaction in cryptocurrency blockchain needs to be ‘mined’ by powerful computers solving complex mathematical problems. The process ensures the security of the network, preventing double spends and other malicious actions. The process is known as a “Proof of Work” mining (the protocol underpinning Bitcoin and many others) uses as much energy as […]
Major Cryptonews 02 – 06 February 2018
Bitcoin Dips Below $7k Amidst News of China’s Full Ban of Cryptocurrency Exchanges Bitcoin (BTC) hit a new multi-month low on Monday, Feb. 5, dropping below $7,000 for the first time since the middle of November 2017. According to Cointelegraph’s price index, BTC reached as low as $ 6,661.51 on Monday, losing at least 11 […]
Major Cryptonews 29 January – 01 February 2018
South Korea Finance Minister Confirms ‘No Ban’ On Cryptocurrency South Korea Finance Minister Kim Dong-yeon has reaffirmed that the government will not ban or otherwise “suppress” cryptocurrency in the country, according to a statement reported by Reuters on Jan. 31. In the latest update to the country’s ongoing regulatory overhaul of cryptocurrency exchange, Kim firmly […]
Major Cryptonews 26-30 January 2018
Equity Markets vs. Cryptocurrency Markets: Weekly Performance Review Developed equity markets globally continued to outperform most cryptocurrencies last week, as they have since the start of the year. The top equity market for both the past week and year-to-date is Hong Kong, with the Hang Seng Index advancing 2.8 percent for the week to close […]
Major Cryptonews 23-26 January 2018
Rapper 50 Cent Is Now a Bitcoin Millionaire Rapper 50 Cent’s move to accept bitcoin for his 2014 “Animal Ambition” album has resulted in a multi-million dollar windfall. On Tuesday, celebrity gossip site TMZ reported that 50 Cent, whose real name is Curtis Jackson, had garnered about 700 BTC after moving to accept the cryptocurrency […]