News

Bitcoin Price Surpasses $7,500, Market Confident in institutional Investors

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Bitcoin price has surpassed $7,500 today, on November 16, achieving $7,558 at its peak, as the Market continues to demonstrate optimism around the rapid rate of adoption by leading financial platforms. $15 Billion App Square’s Integration of Bitcoin Earlier this week, Square, the $15 billion payments app development firm operated by CEO Jack Dorsey, the founder and CEO at Twitter, surprised its users with the integration of [...]

Reality Shares, Nasdaq Partner to Launch Blockchain Economy Index

Investment Marketplace Reality Shares has teamed up with Nasdaq to launch an index tracking companies in the nascent blockchain industry. The smart-beta index – called the Reality Shares Nasdaq Blockchain Economy Index – is compiled by using internal and external research, as well as a proprietary “Blockchain Score” ranking system, a press release states. Reality Shares is also planning an exchange-traded fund (ETF) that will track the index and has already filed the proposal with the U.S. Securities and Exchange Commission. Fredrik Voss, vice president of blockchain innovation [...]

Day Trader Allegedly Used Bitcoin to Hide Fraudulent Proceeds

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Joseph P. Willner, a 42-year-old resident of Ambler, Pennsylvania, was allegedly indicted on a four-count charge by a federal grand jury in the Eastern District of New York. The self-proclaimed day trader was charged with Conspiracy to Commit Wire Fraud, Conspiracy to Commit Securities Fraud and Computer Intrusion, Security Fraud and Conspiracy to Commit Money Laundering as contained in the court filings. Between September 2014 and May [...]

Bitcoin Classic Announces Closure In Wake of Segwit2x Suspension

Proposed Bitcoin scaling solution Bitcoin Classic has announced it will be closing its doors, claiming Bitcoin cash is now achieving what the project set out to do. Speaking in a blog post, release manager for Bitcoin Classic, Tom Zander, said that, given the suspension of the Segwit2x hard fork, Bitcoin’s scaling problem will continue, and the functionality of Bitcoin cash will likely surpass that of Bitcoin. Zander wrote: “In at most 6 months I’m sure we’ll just drop the ‘Cash’ and [...]

European Central Bank Board Member

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A member of the executive board at the European Central Bank (ECB) has asserted that the authority keeping tabs on cryptocurrencies. In an interview published in late October, ECB executive board member Benoît Cœuré touched on the institution’s stance on cryptocurrencies, deeming them as “speculative financial instruments” at a time when Bitcoin nears its all-time high above $7,500 with value gains over 650% since the turn of [...]

Bitcoin Startup RSK to Launch Smart Contracts Sidechain in 2017

One of the most-anticipated Bitcoin projects is planning a live network launch later this year. Revealed in an interview with CoinDesk, startup RSK aims to soon go live with technology that will bring smart contract functionality to Bitcoin in the form of an interoperable sidechain. According to RSK co-founder and chief scientist Sergio Lerner, with the formal launch, users will be able to use ethereum-like tools on Bitcoin for the first time. As profiled by CoinDesk, sidechains allow for tokens [...]

Coinbase Adds 100,000 New Users in a Day Following Bitcoin’s Price Rally

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin’s recent price stampede, which reached a new all-time high above $7,350, clearly demonstrates how the cryptocurrency ecosystem has been growing. For popular cryptocurrency exchange Coinbase, things are seemingly great as well, as data suggests it just added over 100,000 new users in a single day. According to data collected by a portfolio manager at the Atlanta Digital Currency Fund, Alistair Milne, the exchange’s growth has been [...]

Bitcoin Payroll Startup Bitwage Adds 18 New Currencies

Bitcoin payroll startup Bitwage has today announced support for an additional 18 fiat currencies, including the Russian ruble. Founded in 2014, the startup uses Bitcoin to let employers route international payments to workers, allowing them to receive wages in either a local fiat currency or Bitcoin, or a combination of the two. The new additions extend support for the existing seven currencies to a total of 25. In a statement, Bitwage’s president, Jonathan Chester, explained the reason for adding the options, saying, “With [...]

China’s Bitcoin Curtain Call a ‘Watershed Moment’, Says Huobi Founder

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. As Chinese Bitcoin exchange Huobi suspends local CNY trading today, the ‘big three’ trading platform is looking at pastures beyond China. In an announcement, Huobi founder Leon Li laid out the company’s future vision as the exchange implements “full cessation of all digital assets” trading against the yuan today. Li wrote: I believe that this is not only a milestone for Huobi, but also a watershed in the history [...]

Where to Trade Bitcoin? Brokerage Apps Move In Amid Market Boom

Established brokers and startups want in on the crypto boom – but, Trading 212 is a bit of both. Founded by Bulgarians Ivan Ashminov and Boris Nedialkov, Trading 212 is the trade name for Avus Capital, a broker-dealer with roots going back 14 years in foreign exchange and commodities dealing in Europe. But while the company isn’t exactly new, what it’s doing with share trading and cryptocurrencies is – and it seems to be generating success so far. Its app is [...]