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May 12, 2017

Cryptocurrency Market Cap Swells Past $50 Billion

The cryptocurrency ecosystem is on a roll, as its total market capitalization has surpassed the $50 billion mark. Cyrptocurrency’s market cap hit $53.726 billion today, according to coinmarketcap.com. Most altcoins bounced back after a recent surge ended yesterday, when all but a handful of altcoins […]
May 11, 2017

France’s Newly-Elected President Brandishes a Bitcoin Hardware Wallet

The newly elected, left-leaning president of France, Emmanuel Macron, hit the front page of Reddit with a photo of him brandishing a Ledger Blue bitcoin hardware wallet. The photo got circulated on Monday after Marcron defeated the right nationalist Marine Le Pen. The photo generated about 1500 […]
May 11, 2017

Service Freeze Continues at Digital Currency Exchange Celery

Services remain halted on digital currency exchange Celery, a week after the freeze was first announced. On 4th May, the New York-based exchange posted an update to its website, stating that it was suspending withdrawals, deposits and existing orders. Yet the statement was short on […]
May 11, 2017

Chinese Bitcoin Exchanges Might Resume Withdrawals Next Month After Punitive Measures

The inspection of Chinese bitcoin exchanges by China’s Central Bank (PBoC) is coming to an end, according to reports by Chinese media. They have found the anti-money laundering measures used by the exchanges were inadequate and the exchanges engaged in fiat/btc loaning which is illegal. […]
May 9, 2017

Bitcoin Bill Payments in Australia Rises 3300% in 3 Years

Australian bitcoin startup Living Room of Satoshi, a payments company that enables users to pay their bills with bitcoin, has now processed $5 million in household bills with the cryptocurrency. There is a remarkable rise in bill payments using bitcoin in Australia. The numbers are […]
May 8, 2017

Certified Accountants Say Blockchain Could Change the Way They’re Paid

Blockchain could change the way accountants generate revenue, according to a report published yesterday by the Association of Chartered Certified Accountants (ACCA). The group, which boasts more than 180,000 members worldwide, said in its report that the kinds of services accountants provide may evolve depending on how the […]
May 5, 2017

Cryptocurrencies Surge and Stocks Rise as Fed Leaves Rate Unchanged

Thursday Market Recap Asset Current Value Daily Change S&P 500 2385 0.14% DAX 12620 1.05% WTI Crude Oil 46.55 -2.38% GOLD 1229.00 -1.52% Bitcoin 1565 6.80% EUR/USD 1.0935 0.30% The Federal Reserve didn’t surprise the market yesterday evening, as it left its benchmark rate unchanged, […]
May 5, 2017

Bitcoin Price Breaks $1,600 on Major Exchanges, Global Average Nears

Bitcoin price is close to reaching $1,600. Currently, as global average, bitcoin is being traded at $1,594. However, some major exchanges including Coinbase’s GDAX and Japan’s Bitflyer have already begun to list a trading value higher than $1,600, with GDAX reaching $1,623 minutes before the […]
May 5, 2017

Cryptocurrency Market Cap Soars Above $40 Billion, Boosted By Hefty Trading

Bitcoin may be getting most of the headlines, but cryptocurrency as a whole is on a roll. Statistics from Coinmarketcap.com reveal that 82 out of the top 100 cryptocurrencies posted gains in a recent 24-hour period. Whether all cryptocurrencies are riding bitcoin’s coattails or investors […]
May 4, 2017

FinTech Funding in New York Declines

Fintech funding in New York City has suffered a drop even though deals increased for the second straight quarter, according to a new report. In the report from data provider CB Insights, The Global FinTech Report: Q1 ’17, it found that during the first three months of the […]