Every so often you'll see someone claim that Bitcoin wealth is "too centralized". Only a handful of people hold most of the coins, they claim -- backing it up with links and charts of bitcoin address balances. Also read: Exchange Bitso Taking Bitcoin Donations to Help Mexico Quake Victims Bitcoin Wealth 'Centralized' Among the 4% We found another such claim today, via … [Read more...] about Is Bitcoin Wealth Too Centralized? In Reality, It’s Hard to Tell
The Bitcoin community is reacting with predictable outrage to comments slamming the currency from JPMorgan Chase & Co. CEO Jamie Dimon. These included a threat to "fire in a second" any JPMorgan trader found trading bitcoin. Let's face it though, Dimon's been saying this for years -- and Bitcoin has only grown. Also read: R3 and Ripple Sue Each Other Over $1 Billion in … [Read more...] about Don’t Be Fooled by Jamie Dimon’s Latest Bitcoin Slam
Bitcoin and other digital asset prices have bounced back slightly over the past 24 hours, as fears of a dramatic Chinese intervention subsided. Nerves have been on edge for the past couple of days, as BTC hovered around the psychological $4,000 USD mark. Also read: R3 and Ripple Sue Each Other Over $1 Billion in XRP At press time, bitcoin was $4,111 on CoinMarketCap. … [Read more...] about Crypto Price Disaster Postponed as Chinese Fears Fade. Maybe.
In a time of such geopolitical uncertainty, it was only a matter of time before the jostling and brinkmanship moved into the cryptocurrency arena. The BRICS countries want to subvert the U.S. dollar's as the world's reserve currency. But what happens when governments and banks master the blockchain art? Will ordinary people still be allowed to benefit from permissionless … [Read more...] about Cryptocurrency: Subverting Banks and Governments… Or You?
As the market cap of digital currencies rocketed higher last month, a multitude of warnings surrounding ICOs and securities offerings were issued by regulatory agencies around the globe. Also read: Bitcoin Price Heading for $9000, Forget About China The timing of the releases, and subsequent crackdown by China -- which has made ICOs technically illegal -- perhaps gives an … [Read more...] about What’s Government’s Long Game for ICOs and Digital Currencies?