Banco de España (BDE), Spain’s central financial institution, has released a report in which it noted that bitcoin (BTC) is not an effective medium-of-exchange (MoE). Although BDE’s report did not consider the significant improvements in speed and cheaper cryptocurrency transactions now being facilitated by the Lightning Network (LN), the formal write-up mentioned that the Bitcoin network was unable to function …

People are looking for a good and fast way to grow their money. Bitcoin seems to be the answer to the big question, where should you invest? The cautious among us tend to be skeptical. Bitcoin is a digital currency. You cannot carry it around in a bag or store it in your safe. You cannot run your fingers through …

Canadian cryptocurrency exchange QuadrigaCX may be reaching for the ouija board – after its founder, Gerald Cotten, died suddenly with the only password, leaving his widow unable to access £145m in client funds. Crypto passwords can’t be reset via email – and Cotten was the only person who knew the password to the Canadian exchange’s funds in ‘cold storage’, the …

Bitcoin ATM Operator Coinsource has been granted a BitLicense by the New York Department of Financial Services (NYDFS). Based in Texas, Coinsource deploys Bitcoin ATMs to key population centers across the world with over 200 machines installed in the U.S. alone. CEO of Coinsource Sheffield Clark called the announcement a “landmark day for Coinsource” and an “important win for New Yorkers” in …

The price of bitcoin could nosedive to zero, Jeff Schumacher, founder of BCG Digital Ventures, said during a CNBC-hosted panel at the Sanctuary in Davos. The other panelists including Ripple CEO Brad Garlinghouse, 500 Startups Partner Edith Yeung and North Island Chairman Glenn Hutchins, discussed the future of blockchain technology. All agreed that the value of tokens will be derived …

A prominent crypto analyst who once targeted Bitcoin to reach $25000 by end 2018 is lowering his prediction to $15000. Bitcoin’s latest bearish run has led investors to see the worse sentiment of the crypto market. Bitcoin To Reach $15000, Lee However, Tom Lee, a co-founder of Fundstrat Global Advisors is betting on a recovery. When he studied the depth …

The British government has announced a plan to establish a cryptocurrency ‘task force’ that will include Her Majesty’s Treasury, The Bank of England and the Financial Conduct Authority. As a part of the UK government’s broader Fintech Sector Strategy, UK Chancellor of the Exchequer Philip Hammond is expected to introduce a raft of FinTech initiatives including a new task force …

Advertisement A case involving almost half a million dollars in cryptocurrency led to an important new precedent in China. A high Chinese court, the Court of International Arbitration, ruled that Bitcoin and other cryptocurrencies are valuable personal property and are therefore protected under existing Chinese law. The court also stated that there is no law on the books prohibiting the possession or …

The long debate over what bitcoin actually is from a regulatory perspective—a currency, a commodity or a security—is finally over. The U.S. Commodity Futures Trading Commission (CFTC) officially called bitcoin a commodity, which means it’s essentially claiming it under its umbrella. Oversight has long been one of the issues the Securities and Exchange Commission has held against attempts at packaging …

Today, I’m going to teach you how to use Binance. Buying and selling cryptocurrency can be really stressful so it’s important to choose an exchange that you can trust. It’s also important to find an exchange that meets your needs and isn’t too complicated to use. There’s nothing worse than opening an account on an exchange and then realizing you …