It’s official, Bitcoin has been named Investopedia’s 2017 “Term of the Year.“ Anyone familiar with the digital currency might not find this news surprising, as Bitcoin’s rapid rise has been the talk of even those outlets and institutions who have previously taken a lukewarm approach to it. Bitcoin beat out various other trending searches, such…
As Bitcoin continues to establish itself among investors, companies around the world are experimenting with the idea of offering their employees payment in the form of Bitcoin. One of them is Japanese web hosting company GMO Internet, which recently gave its employees the choice of converting part of their salary to Bitcoin. The offer is…
Although Bitcoin futures have barely landed on the market, the U.S. Securities and Exchange Commission’s real-time filing system EDGAR shows that two companies are looking for approval to launch their Bitcoin ETFs. REX and VanEck submitted their applications early this week. Should the SEC grant its stamp of approval, neither REX nor VanEck will need…
Few asset classes can boast of having experienced a rise as sudden and meteoric as that of Bitcoin. After launching in 2010, the digital currency didn’t reach $1,000 until early 2017, as the world was growing accustomed to the idea of a decentralized digital currency. Yet in this year alone, the cryptocurrency has soared. It…
This week, Nasdaq and broker Cantor Fitzgerald LP announced that they are looking to move into Bitcoin trading by launching their own futures in the first half of 2018. According to WSJ insiders, Nasdaq plans to debut its Bitcoin contract on the Nasdaq Futures marketplace, which launched in 2015 and has mainly focused on energy…
Is the end of fiat currencies on the horizon? According to Deutsche Bank strategist Jim Reid, the collapse of paper money has already started. This collapse has been backed, in his view, partly by the spread of cryptocurrencies. Reid believes that the abandonment of the gold standard by President Richard Nixon in 1971 created a…
Those who view Bitcoin as revolutionary will most likely look at its financial implications. Yet, as noted by Cointelegraph’s Amelia Tomasicchio, Bitcoin’s Blockchain technology shows plenty of potential for upgrading the current standards of security and data management in other industries. Healthcare is one industry where Blockchain tech has already been making strides. It is…
The stock market might be undergoing a big surge, but one group of investors is unconvinced that it can continue and continues to seek out alternate acquisitions. According to Cointelegraph’s Darryn Pollock, the traditional status of stocks and bonds is precisely what makes them unattractive investment options in the eyes of millennials. Brought up in…
Bitcoin was recently dealt a setback when China became the first country to make an official move against the currency and ICOs (initial coin offerings) when it shut down numerous exchanges. The move was so significant that it led many to wonder whether Bitcoin could sustain the setback. China’s efforts to halt trading between Bitcoin…
